WEBVTT 00:00:00.515 --> 00:00:02.559 When you think about money and your dreams 00:00:02.583 --> 00:00:04.309 and you're looking at your account, 00:00:04.333 --> 00:00:07.226 you're like, "My bank account does not align with my dreams." NOTE Paragraph 00:00:07.250 --> 00:00:09.458 [The Way We Work] NOTE Paragraph 00:00:10.875 --> 00:00:14.726 Financial health for a typical American household can be stressful. 00:00:14.750 --> 00:00:18.434 We know that 46 percent of all Americans would struggle 00:00:18.458 --> 00:00:21.309 coming up with 400 dollars in the event of an emergency. 00:00:21.333 --> 00:00:25.309 And 60 percent of all Americans will face that emergency 00:00:25.333 --> 00:00:26.643 within 12 months or less. NOTE Paragraph 00:00:26.667 --> 00:00:29.559 When you ask the question, "What does money mean to you," 00:00:29.583 --> 00:00:32.809 most people will say things like, "I feel anxious." 00:00:32.833 --> 00:00:35.559 And so the insecurities come. The shame comes. 00:00:35.583 --> 00:00:38.143 I think we have a fraught relationship with money, 00:00:38.167 --> 00:00:40.268 because it comes with judgment. 00:00:40.292 --> 00:00:43.309 When you're not able to pay your bills on time, 00:00:43.333 --> 00:00:44.601 you can personalize that. 00:00:44.625 --> 00:00:47.059 I don't want anyone to think that I'm not smart. 00:00:47.083 --> 00:00:50.684 I don't want anyone to know that I am very insecure with money. 00:00:50.708 --> 00:00:53.726 I don't want anyone to know that I am super stressed out. 00:00:53.750 --> 00:00:55.893 So now let's change the narrative. NOTE Paragraph 00:00:55.917 --> 00:01:00.309 [6 lessons on how to improve our relationship with money] NOTE Paragraph 00:01:00.333 --> 00:01:02.726 [1: Talk about it.] NOTE Paragraph 00:01:02.750 --> 00:01:05.851 You can't do it alone. And that's when your squad has to come in. 00:01:05.875 --> 00:01:07.143 It's taboo. 00:01:07.167 --> 00:01:10.309 We typically don't talk about our stresses when it comes to money. 00:01:10.333 --> 00:01:12.559 We need to come together as a group of friends, 00:01:12.583 --> 00:01:14.018 no judgment, no shame. 00:01:14.042 --> 00:01:17.018 Celebrate the fact that we've made a decision 00:01:17.042 --> 00:01:19.601 that we want to have a better relationship with money. 00:01:19.625 --> 00:01:22.268 That is worth applauding or snapping your fingers about. NOTE Paragraph 00:01:22.292 --> 00:01:24.726 Once you've done that, then you get real. 00:01:24.750 --> 00:01:26.851 Nothing should be off-limits. 00:01:26.875 --> 00:01:28.768 Where does this relationship come from? 00:01:28.792 --> 00:01:33.643 Why am I spending all this money on things that don't align with my goals? 00:01:33.667 --> 00:01:36.643 What are your fears? What are your hopes? What are your dreams? 00:01:36.667 --> 00:01:38.351 But then we start to take action. 00:01:38.375 --> 00:01:40.976 What can we do this week? Or what can we do this month? NOTE Paragraph 00:01:41.000 --> 00:01:43.934 [2: Understand what money is] NOTE Paragraph 00:01:43.958 --> 00:01:46.893 Money is not the end-all be-all. 00:01:46.917 --> 00:01:50.434 It's the mechanism to accomplish whatever your goals are. 00:01:50.458 --> 00:01:52.184 It does not define you. 00:01:52.208 --> 00:01:55.684 It's just a mechanism to accomplish what matters to you most. NOTE Paragraph 00:01:55.708 --> 00:01:58.184 [3: Identify what matters to you ... ] NOTE Paragraph 00:01:58.208 --> 00:02:01.768 Ask yourself one fundamental question: what are you saving for? 00:02:01.792 --> 00:02:04.976 If you're saving for a car, if you're saving to pay down your debt, 00:02:05.000 --> 00:02:07.059 if you're saving for that rainy day fund, 00:02:07.083 --> 00:02:09.393 it will include short-term goals 00:02:09.417 --> 00:02:11.226 and it will include long-term goals. NOTE Paragraph 00:02:11.250 --> 00:02:13.726 [4: ... and then really picture it.] NOTE Paragraph 00:02:13.750 --> 00:02:17.143 Visualize what you're really trying to accomplish. 00:02:17.167 --> 00:02:20.518 A vision board is visual representation 00:02:20.542 --> 00:02:21.893 of what you're saving for. 00:02:21.917 --> 00:02:24.226 So if we break it down, go get a poster board. 00:02:24.250 --> 00:02:26.268 Get your markers, get your glitter. 00:02:26.292 --> 00:02:28.851 Take magazine pictures, cut it all out. 00:02:28.875 --> 00:02:30.934 Have that picture of that great trip. 00:02:30.958 --> 00:02:34.018 Have the picture of you paying down your student debt. 00:02:34.042 --> 00:02:37.684 The vision board sounds like, "Oh, how can that really help?" 00:02:37.708 --> 00:02:40.643 The point is your goals need to align with your behaviors, 00:02:40.667 --> 00:02:43.518 and the vision board is really a representation 00:02:43.542 --> 00:02:46.518 of where you wanna go and then how you live your life, 00:02:46.542 --> 00:02:49.184 and in the meantime are the steps to really get there. NOTE Paragraph 00:02:49.208 --> 00:02:52.226 [5: It's not what you make, it's what you keep.] NOTE Paragraph 00:02:52.250 --> 00:02:55.518 It's not about what you make, it's about what you keep. 00:02:55.542 --> 00:02:58.476 It's about understanding do I have the ability 00:02:58.500 --> 00:03:01.684 with what I'm making to take care of my basic needs? 00:03:01.708 --> 00:03:04.434 And if not, what adjustments do I need to make? 00:03:04.458 --> 00:03:08.101 And then we start to break it down and talk about the tools. 00:03:08.125 --> 00:03:11.268 We start to say, "Do we have our savings account, auto-save?" 00:03:11.292 --> 00:03:14.393 Set it and forget it, or every day, put a dollar a day. 00:03:14.417 --> 00:03:16.559 Whatever that rhythm is for you, 00:03:16.583 --> 00:03:18.768 the goal is the rhythm, not the amount. 00:03:18.792 --> 00:03:20.268 You can start slow. 00:03:20.292 --> 00:03:23.643 You can start small, but you have to start now. 00:03:23.667 --> 00:03:26.601 And then let me give you a trick, we all have impulses. 00:03:26.625 --> 00:03:28.893 Many times, because the phone is always with us, 00:03:28.917 --> 00:03:30.184 we start shopping. 00:03:30.208 --> 00:03:32.559 Go out to any site, shop up, put it in your cart. 00:03:32.583 --> 00:03:34.559 Just don't hit buy. 00:03:34.583 --> 00:03:37.976 Wait 24 hours, go back and ask yourself, 00:03:38.000 --> 00:03:39.268 "Do I really need it? 00:03:39.292 --> 00:03:41.768 What about these items map to my goal?" 00:03:41.792 --> 00:03:45.018 And if it's nothing, hit delete and you got your fix. NOTE Paragraph 00:03:45.042 --> 00:03:48.518 [6: Be good to yourself.] NOTE Paragraph 00:03:48.542 --> 00:03:50.601 It's also important to know 00:03:50.625 --> 00:03:54.184 that your self-worth is not determined by your net worth. 00:03:54.208 --> 00:03:56.393 This is something that we can do better about. 00:03:56.417 --> 00:03:58.393 You celebrate your wins. 00:03:58.417 --> 00:04:02.018 And when you make that misstep, no judgment, no shame. 00:04:02.042 --> 00:04:03.292 Just get back at it.