Episode 234
Put Your Money Where Your Mouth Is: Financial Health
What is your relationship with money? Or is money something you keep hush hush about and buried in the back of your closet? This week, we are discussing financial health and how to ensure you have clarity and are set up for success.
This week, Jenn is talking about financial health. Finances are a topic that stress out many people, so much so that they don’t even know what their budgets are or what their financial layout looks like. Instead of keeping all your financial woes in your closet, Jenn is diving in to creating a new money story, helping you gain clarity on what your finances look like, and giving tangible steps you can take to improve your financial health. Jenn also outlines how our financial health is connected to our physical health…and it’s about more than just the cost of healthcare or wellness. Tune in to learn more about creating a better financial story for yourself and how to take control of your money situation.
The Salad With a Side of Fries podcast is hosted by Jenn Trepeck, discussing wellness and weight loss for real life, clearing up the myths, misinformation, bad science & marketing surrounding our nutrition knowledge and the food industry. Let’s dive into wellness and weight loss for real life, including drinking, eating out, and skipping the grocery store.
IN THIS EPISODE:
● [8:56] What are the connections between our physical health and financial health?
● [11:34] Where is the gap when it comes to teaching about financial health?
● [17:47] How do you uncover what your money story is and how are emotions tied to it?
● [22:26] The elephant in the room: wellness costs money
● [27:11] What does it mean that “if you don’t know your money, you don’t own your money?”
● [31:21] Finances are very hush hush, how can you find someone qualified to help you with your finances?
● [33:59] What is a complimentary savings report and how does Jess use it with her clients?
● [36:31] What all is included in budgeting and preparing for your financial health?
● [38:13] What are the best tools out there for free that will help with financial health?
● [44:19] Could winning the lottery shift your money story?
KEY TAKEAWAYS:
● [20:11] Debt is a tool, it is either used to get what you want or get what you need. It is not a state of being, it is not an emotional component to your life, it is not a burden, it is simply a tool.
● [32:24] When looking for someone to help you with your financial health make sure they are qualified and passionate. You want to ensure they are in your corner, helping you understand your finances and re-write your money story. There are many different free resources online and if that’s where you need to start, make sure you utilize resources from a reliable source.
● [47:04] How we treat our money is actually how we treat our money. So if you are careless with it and shove it in a winter coat pocket, or have no knowledge about your money, that’s how you will treat your money. If you care for it, learn about it, become knowledgeable about it, that’s how you will treat your money.
QUOTES:
[10:26] “The leading cause of death is heart disease, the leading cause of heart disease is stress, and the leading cause of stress is money.” - Jenn Trepeck
[16:25] “There was a study done that was released just last month, so not even a month ago, that said for people to maintain their quality of living from just 2021, we’re talking two years ago, it now requires a family of four to have an additional $11,994 a year in income. That’s almost a grand a month to maintain the same quality of life that we had just two years ago.” - Jess Stirewalt
“Money might not be a challenge in your life but ...everything is always changing...part of our healthcare system is such that people are sometimes one diagnosis away from bankruptcy.” - Jenn Trepeck
[41:44] “The banks aren’t sitting on our money, yeah, y’all heard me, the banks aren’t sitting on our money. They’re utilizing and leveraging our money with these same strategies to make money on top of money off of our money. The bank isn’t investing in anything, but they’re reaping all of the benefits.” - Jess Stairwalt
[43:44] “Really the objective in this conversation too is not even to say okay, here’s all the money in the world, or here’s the things for you to do to flip the switch, but to raise our awareness and get a clearer picture of where we are right now in connection to our finances, to then be able to take steps forward in a direction that is empowering rather than confronting.” - Jenn Trepeck
“This is just another piece of our lives and the world that we're supposed to know but nobody ever taught us." - Jenn Trepeck
RESOURCES:
844-947-4846 - Text the code MONEY
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