May 24, 2024
Freedom Friday: You Don't Need to Be An Expert to Win With Your Money
Hey everyone, it's RA here! Are you ready to transform your financial beliefs and liberate your life choices? On this Freedom Friday, I'm flying solo to guide you toward the financial freedom that comes with understanding your money. Forget the myth that you need to be a math genius to manage your finances. I'll share my personal journey to becoming debt-free and reveal four foundational money management steps that revolutionized my finances – wisdom not from a finance guru, but from my own father. So, put away your calculator; we're making financial freedom simple, one step at a time.
Transcript
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Hello everybody and welcome once again to the unlearned podcast.
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I'm your host, ruth abigail aka ra, and this is freedom friday, where me, or me and a friend of mine come and share something we've unlearned recently and how it has made us just a little bit more free.
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Nowadays it seems to be mostly me.
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So, yeah, thanks for tuning in and thank you for continuing to listen to the podcast.
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We have been doing this for over a year and we are having a lot of fun.
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We wouldn't have as much fun if people didn't listen to it, and y'all are listening to it.
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Y'all tell me you're listening to it.
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So, thank you, thank you, thank you, and, and let us know what you've been unlearning, let us know how this is helping you.
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Uh, you can, uh, send us a direct message on Instagram or Facebook.
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Uh, you can shoot us an email um, my email, which I believe is on our website, the unlearned podcastpodcastcom and just let us know, like, drop us a note.
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Let us know leave a comment on your podcast site or on YouTube.
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Let us know what you're enjoying, what you're unlearning, and thank you for engaging this.
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Like new segment, we're doing Talks with Middle Adults, which has been so much fun with myself and one of my best friends, jaquita, just sharing what we've unlearned from our 20s into our 30s, and so that has been a lot of fun.
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So thank y'all for listening to that.
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And so I wanted to just talk a little bit about one of those last episodes.
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So a couple episodes ago, we did an episode on money and we did an episode on unlearning, your relationship with money, and it's one of my favorite conversations.
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Anybody that knows me or tell you about me, they will tell you at some point.
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We've probably talked about finances.
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It just, I don't know, it's something about it that fascinates me, I think, because there is a a there is a connection between the way, what you believe about money and the way you live your life, and I think there's there's just so much to it.
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Uh, how you see money oftentimes is how you see life, and it impacts so many areas of our lives, and so I I just I think it's such an important thing to get a handle on, and so what I just wanted to wanted to share is this idea of unlearning that you have to be an expert in math to do well financially.
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You really don't, and I know that's like we'll dub with Abigail, but I think, on some level, sometimes we think we have to fully understand things in order to do well financially, or maybe that's just an excuse, like, maybe you're just like like I.
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I really I really want to get it before I start doing smarter things with my money.
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It's not necessary.
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Some things you can just do, and so I I, I am grateful to say that I've been debt-free for, I think, like five years now.
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I think I've been debt-free since about 20, 2018.
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So, six years, six years, six years.
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So, uh, I, I was, um, you know I don't owe anything, uh, to anyone, except for my mortgage, but that is so I've been.
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Really, I personally follow the Dave Ramsey principles, which have worked for me, but there are other programs out there that may work better for you, but the point is, you get to a place where you are not burdened with money and you are not controlled by money, but you get to a place where you are not burdened with money and you are not controlled by money, but you get to control it, and so that's where I'm.
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I'm, I'm grateful to be in that position today, doesn't?
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I'm nowhere near an expert, uh, but one of the reasons that I'm there is because I decided to follow some principles before I really understood it, and I want to just give you four of those principles that actually my father ingrained in us when we were younger and I just doubled down on it when I got older.
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Real simple, right, and if you know my father, you may have heard him say this before.
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But there are four things that we want to do with our money.
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We want to save save our money.
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We want to spend money, we want to share it and we want to sow it.
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By sow it I mean invest it.
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So you want to share, uh, save, share, spend and sow.
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And I love how simple that is, because anyone can do those things and if you do a little bit of everything there, then you will start to win with your money, even without understanding certain things.
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If you do a little bit of those things, you'll begin to win with your money If you save.
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Right, there are all these principles for saving.
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That, I think, is really we have to begin to understand.
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And so we say if you put a little bit aside, automatically put it, just don't even think about it.
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It just goes away somewhere where you can't touch it and it's there for a rainy day.
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You share some.
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Don't keep it all to yourself, you know.
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Be generous.
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When people ask you for five bucks and you got it, give it to them right.
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Share some, be generous.
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The third thing spend it.
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Spend your money.
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It's your money, you earned it.
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There's nothing wrong with that.
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Spend it.
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I don't say spend it wisely, but spend it and do something that you want to do.
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And then the last one sow it, invest it, put it in something that's going to bring you a return.
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And I think again, those four things are very easy to do and it's a great place to get started with trying to take control over your money.
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If you just start to do those things consistently, you may not even have a real rhythm or plan for it, but you just do it.
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And when we begin to just do it, it begins to do what it's supposed to do inside of you, inside of your mind.
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When I say, even it's just a little bit, I'm building my saving muscle, I am strengthening my patience muscle, because when you save, you're saying I don't need it right now, I can wait.
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So you're strengthening your patience muscle.
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When you're sharing, you're strengthening your generosity muscle.
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You're becoming less consumed with yourself.
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So you're strengthening that muscle.
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When you spend it, right, you are really strengthening that muscle.
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That's your care, your self-care muscle, right?
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You're strengthening that because you say, hey, I get to enjoy what I have worked hard for, and so you're strengthening the muscle that says you matter too.
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And then when you invest, when you invest, you are strengthening your.
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You're strengthening your multiplication muscle.
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You want to be able to say that I was able to take this and I was able to do this, able to take this and do this, you're strengthening your multiplication muscle.
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You're strengthening your responsibility muscle, because the more you have, or the more you invest, the more you have in return, the more responsible that you have to be.
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You're strengthening your stewardship muscle.
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You are the caretaker of what you've been blessed with.
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So those principles, again, are not just about money.
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They're about your life and it's helping you to strengthen the muscles that need to be strengthened in order to do life well in every other area.
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And so we talk about unlearning your relationship with money.
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It's not just about doing the right things with money, but allowing how you manage it, how you deal with it day to day, to impact the type of person you are actually becoming, and so I I just I want us to to unlearn that we have to be experts you don't.
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We don't have to be experts in money in order to do well with it.
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You don't have to have a mathematical degree.
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You don't have to have read one book.
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You don't have to have done any of those things in order to save, share, spend and sell your money.
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Sometimes we just have to do it, even if we don't understand it.
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One of the other things that my father used to tell us when we were growing up was when we didn't want to eat things that were good for us vegetables, fruits, whatever that we didn't like.
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He would say you're going to eat it, all you have to do is swallow it.
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You don't have to like it, you don't have to taste good, you don't have to feel good about it, just swallow it, because once it's, once you swallow it and it gets down into your system, it's going to do what it's designed to do.
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And I would say that same thing about your money habits.
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Sometimes you don't have to, just sometimes.
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You don't have to understand it, you don't always have to feel good about it, but if you begin to work those muscles, then it's going to do what it's designed to do in your life and you will.
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You will find yourself becoming a different person simply because you decided to change habits with before fully understanding, before feeling like you got to have this thing all together.
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So I hope, I hope that's helpful.
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Oh, that's helpful.
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Go check out the episode.
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I think it's a great episode.
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It's one of my favorite ones we've done so far.
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Love talking about this and and uh and yeah, tune in, man, like, keep tuning in.
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We drop new episodes on the talks with middle adults segment on Tuesday, so we're going to drop one coming up.
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Be sure to have subscribed so you can have that into your feed.
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And that is it.
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I want to thank you once again for listening to the podcast and thank you for joining in on Freedom Friday.
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Let's keep unlearning together so that we can experience more freedom, peace.
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Thank you once again for listening to the Unlearned Podcast.
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We would love to hear your comments and your feedback about the episode.
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Feel free to follow us on Facebook and Instagram and to let us know what you think.
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We're looking forward to the next time when we are able to unlearn together to move forward towards freedom.
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See you then.
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