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When you think about money and your dreams
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and you're looking at your account,
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you're like, "My bank account
does not align with my dreams."
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[The Way We Work]
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Financial health for a typical
American household can be stressful.
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We know that 46 percent
of all Americans would struggle
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coming up with 400 dollars
in the event of an emergency.
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And 60 percent of all Americans
will face that emergency
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within 12 months or less.
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When you ask the question,
"What does money mean to you,"
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most people will say things like,
"I feel anxious."
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And so the insecurities come.
The shame comes.
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I think we have a fraught
relationship with money,
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because it comes with judgment.
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When you're not able
to pay your bills on time,
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you can personalize that.
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I don't want anyone to think
that I'm not smart.
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I don't want anyone to know
that I am very insecure with money.
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I don't want anyone to know
that I am super stressed out.
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So now let's change the narrative.
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[6 lessons on how to improve
our relationship with money]
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[1: Talk about it.]
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You can't do it alone.
And that's when your squad has to come in.
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It's taboo.
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We typically don't talk about our stresses
when it comes to money.
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We need to come together
as a group of friends,
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no judgment, no shame.
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Celebrate the fact
that we've made a decision
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that we want to have
a better relationship with money.
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That is worth applauding
or snapping your fingers about.
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Once you've done that, then you get real.
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Nothing should be off-limits.
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Where does this relationship come from?
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Why am I spending all this money
on things that don't align with my goals?
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What are your fears?
What are your hopes? What are your dreams?
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But then we start to take action.
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What can we do this week?
Or what can we do this month?
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[2: Understand what money is]
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Money is not the end-all be-all.
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It's the mechanism to accomplish
whatever your goals are.
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It does not define you.
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It's just a mechanism
to accomplish what matters to you most.
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[3: Identify what matters to you ... ]
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Ask yourself one fundamental question:
what are you saving for?
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If you're saving for a car,
if you're saving to pay down your debt,
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if you're saving for that rainy day fund,
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it will include short-term goals
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and it will include long-term goals.
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[4: ... and then really picture it.]
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Visualize what you're really
trying to accomplish.
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A vision board is visual representation
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of what you're saving for.
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So if we break it down,
go get a poster board.
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Get your markers, get your glitter.
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Take magazine pictures, cut it all out.
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Have that picture of that great trip.
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Have the picture of you
paying down your student debt.
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The vision board sounds like,
"Oh, how can that really help?"
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The point is your goals
need to align with your behaviors,
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and the vision board
is really a representation
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of where you wanna go
and then how you live your life,
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and in the meantime
are the steps to really get there.
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[5: It's not what you make,
it's what you keep.]
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It's not about what you make,
it's about what you keep.
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It's about understanding
do I have the ability
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with what I'm making
to take care of my basic needs?
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And if not, what adjustments
do I need to make?
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And then we start to break it down
and talk about the tools.
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We start to say, "Do we have
our savings account, auto-save?"
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Set it and forget it,
or every day, put a dollar a day.
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Whatever that rhythm is for you,
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the goal is the rhythm, not the amount.
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You can start slow.
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You can start small,
but you have to start now.
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And then let me give you a trick,
we all have impulses.
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Many times, because
the phone is always with us,
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we start shopping.
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Go out to any site,
shop up, put it in your cart.
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Just don't hit buy.
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Wait 24 hours, go back and ask yourself,
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"Do I really need it?
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What about these items map to my goal?"
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And if it's nothing,
hit delete and you got your fix.
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[6: Be good to yourself.]
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It's also important to know
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that your self-worth
is not determined by your net worth.
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This is something
that we can do better about.
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You celebrate your wins.
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And when you make that misstep,
no judgment, no shame.
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Just get back at it.