April 29, 2025 • 46 mins
On this episode of The Get Ready Money Podcast, I spoke with Odonoo Idersaikhan, Founder of Your Financial Guide about changing the way we think about money and believing in ourselves.
In this episode we discussed:
- Believe that you deserve success. Money is for everyone, not just for rich people
- Be compassionate with yourself.
- Money is a tool to have a good life, whatever that means to you.
- Talking about money gives you power.
- Women deserve what they earn.
Connect with Odonchimeg Idersaikhan:
Resources mentioned:
- The Financial Diet (here)
Bio:
Odonchimeg Idersaikhan is Mongolia's first personal finance educator. Her Instagram page “Your financial guide” gives real and everyday financial advice that is specifically designed for Mongolian market. She talks about the power of financial freedom, sustainable living and fairer society. She now has about 6,900 followers and has changed the finances of hundreds of people. It has become a community of people who care about their finances, thereby their life and it is growing everyday.
The Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:04):
Are you looking to get ready, be prepared and
transform your financial future?
Then you've come to the rightplace.
This is the Get Ready MoneyPodcast with Tony Stewart, where
Tony has insightfulconversations with financial
experts who are changing the waywe think about money.
Catch up on the latestfinancial trends and hear
(00:27):
practical advice from Tony andhis expert guests so you can
build healthy habits that work,Be empowered with tips for
implementing small changes thatcan have a big impact on your
financial future.
So sit back and get ready tohear from today's guest.
Speaker 2 (00:48):
Welcome to the Get Ready Money podcast changing the
way we think about money.
I'm pleased to be joined todayby Adna, who is a journalist,
communication specialist andfounder of your Financial Guide.
In this episode, we'll bediscussing Adna's insights on
how we change the way we thinkabout money and how it relates
to your overall lifestyle.
(01:09):
Welcome to the Get Ready Moneypodcast.
Thanks for joining us today.
Speaker 3 (01:14):
Tony, thank you very much for having me and happy New
Year to the listeners.
Speaker 2 (01:20):
Yeah, thank you and thanks for being here today
again.
Yeah, thank you and thanks forbeing here today again.
Speaker 3 (01:28):
So tell us a little bit about yourself.
What is your origin story?
So my name is Idris AhniAtanchimik.
I'm Mongolian, I'm 32 years old.
I am like, as you said, thefounder of the your Financial
(02:01):
Guide page on Instagram, whichis Mongolia's first
down-to-earth page talking aboutpersonal finance, and I live
with my partner at the moment inScotland.
And, yeah, I'm a journalist,communication specialist,
translator, and I love talkingabout money and this is my first
podcast, so I'm really excited,thank you.
Speaker 2 (02:26):
Yeah, well, glad to have you on here.
So you know why are you sopassionate about talking about
money and financial preparedness.
Speaker 3 (02:34):
So if you are talking about money and if you are
financially prepared, that meansyou are just talk, you're
passionate about your life,you're passionate about being
ready for everything.
That means you take control ofyour life, because money is the
(02:56):
tool to make you have a goodlife, a life that you want good
life in, whatever that means foryou.
And that's why I love talkingabout it.
And I learned that the taboo ofnot talking about money is
actually what stops you fromtalking about it and make you
(03:20):
have less power somehow, makeyou have less power somehow.
So that's why I learned thattalking about it educating
others educating myself in themeantime is the way.
Speaker 2 (03:41):
So, yeah, well, that's awesome, and you said so
many powerful things in there.
I think you know.
To backtrack to one of thethings you said first is that
money is a tool, and I thinkthat's important to, uh, for
people to realize.
I mean, could you go a littlebit deeper on that, about how
money is a tool, not somethingof itself?
Speaker 3 (03:59):
so um I.
So if money was a potato, wewould talk about potato.
I would love to talk aboutpotato because I love potatoes.
What a fun word too, you know.
So, for example, now that I havestarted managing, I have
(04:20):
started to understand how tomanage my money.
I lead my life how I want.
I have a calm mornings, I makemy coffee however I want,
however slow I want, and I livewherever I want and money allows
(04:40):
me and do as little or a lot ofwork as I want, and that's how
money allows me to do.
It's a tool of power that youhave that makes you live your
(05:01):
life however you want, andthat's why people need to talk
about money.
That's why people don't havepower, especially in Mongolia,
marginalized groups and womenand older people, et cetera, et
(05:23):
cetera.
So, yeah, money is noteverything.
I think once it reaches acertain point, if you are
unhappy, money can't buy youreally happiness if you already
have money.
But if your first needs aren'tbeing met and you are giving
(05:43):
your first needs met, you willbecome happier for sure, because
you are not worried abouttrivial, not trivial important
things.
But once that is settled down,settled and fixed, you can then
think about something else, whatyou want, where do you want to
(06:05):
live.
You want where do you want tolive or how do you want to live,
and yeah, yeah, money is a veryimportant.
Money is, I think, as importantas education.
But if you don't have oneanother, I think it wouldn't go
well, type of thing like that.
I think it wouldn't go well.
Speaker 2 (06:27):
Well, I think money is part of an education, you
know, and that's.
I think that's it is.
You know it's tied into so manyof these other things that it
does have that full impact, asyou point out, I you know.
You said something in thereabout how money loves you and I
think a lot of us struggle withour relationship with money.
(06:50):
Could you go deeper into that,how you can have a positive
relationship, because somepeople do feel like money hates
them.
Speaker 3 (07:00):
Could you ask me in a different way?
Oh sure, Sure, sure.
Speaker 2 (07:05):
So you said that money loves you, which is a
positive thing, and some people,I think, have very negative
views of money.
That it's something you knowhard, that money doesn't like
them, you know, and that's doesthat follow.
(07:29):
Is that something you can talkto?
Speaker 3 (07:32):
Yes.
So I don't think money is aseparate thing, of a separate
thing itself.
So if you think money doesn'tlove you, you are probably also
thinking you don't deserve goodthings or you can't live a good
life or things like that.
So money is, it's not onlymoney, you know.
(07:56):
It's the freedom, the goodeducation or like good
opportunities.
They all love me.
I think it's because I lovethem as much and then I
understood that I deserve them,you know.
Speaker 2 (08:14):
Yes.
Speaker 3 (08:16):
And so if people are thinking that they don't deserve
it, they wouldn't earn, earn,earn these things because they
wouldn't.
So if they, if they don't thinkthey deserve it, they wouldn't
put them up, put themselves upfor success.
(08:37):
They would put themselves up forfailure already by thinking
that and it's not their wrongthat they think like that,
because we just grew up like youknow, you aren't supposed to
get this and that especiallywomen we are told to serve, we
are told to shut up about it andjust clean the dishes, or
(09:00):
something you know, and that'swhy you have to change your uh
mind.
Mindset.
Speaker 2 (09:08):
First to and to do something nice, I think, um,
then there's a scarcity, umscarcity or mindset where you um
we will talk about it later,I'm sure, because scarcity,
scarcity, mindset is alwaystalked about in this yeah, yeah,
(09:30):
and I think that's somethingthat people struggle with is
that they don't feel like theydeserve to be successful with
money, that it's not for them,that it's for somebody else and
that they can't, it's not apossibility for them.
So you know that's verypowerful that you're pointing
out.
So you know, let's talk alittle bit about you know, your
(09:53):
work with launching yourfinancial guide.
The first Mongolian pagefocused on financial life.
What was, what was that like?
Speaker 3 (10:01):
just being a trailblazer and doing something
just so new and different soit's crazy, uh, to think about
it, that even now, talking abouthow I am the first person, um,
people have tried doing thisbefore, but they have.
They have done it differently,like talking only about
(10:23):
investing.
Like you know finance br, youknow finance bros there have
been finance bros, obviously,but they never gave information
that were actually down to earthand actually easily applicable
and they there wasn't.
They didn't relate to people.
They would say to mothers, likeif you're just being at home
(10:48):
taking care of your baby, you'relosing money.
Like you know things like that,very things like that Mine is.
Or like there are other times,other pages, where they talk
about energy and say it's likemoney comes to me instead of
(11:09):
actually giving you tools, haveto save or have to track
spending.
You know, nobody ever talkedabout it like this.
And um I um, I did it because Iwas bored Bored in the sense
that I left.
(11:29):
I still work in corporate, butI work from home, which is kind
of impossible in Mongolia.
Everybody went back to officenow, so you can't really work
from home.
So I moved to the countrysidein 2023 because I was done with
(11:51):
corporate, I had a bad timethere and I was working at a
place I work now.
I'm an editor of Mongolia'sEnglish newspaper I think there
are only two and then ours is aprivate and it's ours is a
(12:12):
private as well as most oftenpublished newspaper.
And so I moved to thecountryside because I could work
from home and I was also doingsomething else, you know, just
translation and things.
And for the first time in mylife, I had power in my life,
how I could design my life, notbecause of work, but by.
(12:36):
So I was first bored because Ididn't understand how I was, how
I was supposed to live, or if I, how I would like to live.
So I, um I was born and then,um, I I always was uh, wanted a
page like mine, um, because Icould follow international
(12:58):
people who I do still, um, butthey never gave me um advice
that I could easily just likewere if this was the clothes and
I would wear it.
So that never happened.
Uh, because, for example, it'skind of almost impossible to
invest in mongolia really andlike invest, like how, uh, you
(13:21):
guys invest and earn money fromit as much, except it's like a
Bitcoin, which I don't do, andso, or like, nobody talked about
what bank to use in Mongolia.
Nobody talked about how toincrease my incomes or money by
(13:43):
doing these things in Mongoliansoil.
So I wanted this kind of pagewhen I was a kid and now I'm 32.
That means like 17 years ago Iwanted it and I read a bunch of
books and finally social mediahappened and then, like, girls
(14:04):
started posting about women,started having important pages
that talk about money, like mine, and that helped me.
But even after 17 years, I orlike 15 years, which is in 2023,
I still didn't see this page,while there are so many other
(14:26):
pages and influencers inMongolia, just nobody talked
about it.
I was like why?
And then I was like, well, I'mnot a millionaire, you know, but
I do have so much informationabout it.
Along the way, I developed myown things, own ways to manage
(14:51):
money.
No tracking spending pages haveever worked for me all these
people who have done and then Ideveloped my own because I was
like none of this worked for me,type of thing.
And then I was thinking like,hey, hey, then why don't I start
it?
But then there was likeimposter syndrome or saying like
(15:15):
then you are not a millionaire,I mean, you're not rich.
How are you going to convincepeople that you can talk about
money?
And I was like, but I do have somuch information.
I'm already much moreaccomplished.
Although I'm not rich and I'mnot like financially free, you
(15:37):
know, I manage my own time.
Isn't time a wealth, you know?
Et cetera.
So I started it and it was soexciting for me.
The reception wasn't like thatbecause I think until like eight
(15:58):
or nine months later, not manypeople followed me like only 200
or 300 people followed me.
Uh, and nobody actuallyunderstood this much or
something.
But people are starting to getthere and I think it's just the
algorithm thing that isn'tworking out there and reaching
(16:21):
the people that needs to reach,and it is slowly reaching now,
yeah, and now I have 6,900something followers, almost all
original, but yeah, that's it.
Speaker 2 (16:41):
Well, that's awesome.
You know that's a great startand it's so hard.
I know so many personal financepeople who are involved in
money education and it can bereally hard to break through the
noise and the algorithms andeverything else.
(17:02):
Reaching 7,000 people is afantastic accomplishment.
I want to watch.
I mean, you said so many amazingthings, but one of the things
you pointed out is time iswealth, and you alluded to that
earlier is that money allows youto do certain things.
It allows you to control yourtime, and I know you've talked a
(17:23):
lot about that and I think thatcomes back to what you said
originally about money being atool is that money allows you to
do certain things.
I think what's also importantand you've talked about this a
little bit and I think it'd begreat to talk about is how money
is different for women, is howmoney is different for women.
(17:49):
You know it's.
You know the degree may begreater in Mongolia, but even in
the US you know there's agender pay gap between what men
and women earn.
You know how much money womenhave saved aside.
I mean, how do you start totalk about that as a woman, to
help other women really breakthrough?
And, as you point out, thatimposter syndrome, because women
(18:11):
also feel like well, you know,this may be a man's world.
You know, this is the tech brothing.
How do you?
start to have that conversationto help other women.
Speaker 3 (18:22):
That has been really hard and then I think that's
like all that answer full answerto that question is another
podcast.
Okay, there are so many thingsto talk about and I want to be
right.
I don't want to hurt people.
I also don't want to talk badabout my country while being
(18:43):
critical.
So I that I would like to becareful.
But in Mongolia, something I'venoticed is that women would I
have talked to wives, wives andwho earn all the money and do
(19:06):
not have a savings account forherself, because that's a
selfish thing and she doesn'thave it.
And that's just an easy example.
But there are even moredifficult examples of how women
are earning all the money andstill don't have power in that
(19:26):
house, because that woman doesnot have a time for herself.
That woman is earning the moneydoing the dishes, cleaning,
taking care of the children,bringing the children to the
world, etc.
Etc.
So I've seen a lot of that.
But unfortunately there arealso another problem with men in
(19:50):
Mongolia that is a disadvantageto men and I don't want to get
into that here because there area lot of things to talk about
before to answer that.
But something just I've noticedin women and especially mothers,
a lot is that, even in myselfis that they don't do what they
(20:17):
want.
They'd rather do what they'resupposed to do, and that's why
it's really hard to tell themthat, no, you should have
savings.
No, this money you're earningis supposed to be for you, not
necessarily to buy all the 10shoes you want at the same time.
But heck, I'm sorry, you, uh,you deserve this money because
(20:42):
you earned it.
You're also a person yourself,with the want, with a separate
need, with a separate view, etc.
Etc.
You know.
So that has been really hard,and I think I'm trying to lead
by example that you can and youshould, while still hearing
(21:04):
negative noises but that is acommon thing, I see, and then it
makes me feel bad that it'sstill like that.
Speaker 2 (21:16):
Yeah, and that's a global thing, and I think you
know just to highlight what yousaid is that women deserve what
they earn and to meet their ownneeds, and I think that's fair
to say around the world, youknow, as a very basic right, and
(21:37):
I think in so many societies isthat that does happen.
And you know, I know wedefinitely don't want to go
there, but I think that is justfrom a surface level is that for
anybody who feels like theydon't deserve it?
You do deserve it.
Yeah, we all deserve our youknow our own success and the
(21:59):
fruits of our labor and what weearn, and we can all be happy
with what we do.
So that's awesome.
Well, let's switch gears andget into what I call the get
ready money questions, and theseare the questions that I ask
all my guests, and they're alittle bit more rapid fire, but
they're more about financialliteracy.
And the first one is what basicmoney concept do you wish
(22:25):
people knew?
Speaker 3 (22:27):
It's that you should not have only one sources of
income.
Have different sources ofincome, even if the other two or
three are very little, becauseit gives you security that you
don't rely on only one thing.
(22:50):
Just don't rely on one thingever, in anything.
Just always have your eggs indifferent baskets in all parts
of your life.
So in that sense, um, justdon't.
However much you earn from yourone job, that doesn't matter.
You always need to have adifferent sources of income.
(23:12):
That's my thing that peoplereally need to understand,
because people ask me like well,but I earn enough.
Okay, that's good, but what ifthat one goes away?
You don't know.
Do not put yourself in thatsituation, you know, yeah.
Speaker 2 (23:33):
Yeah, I think that's great advice.
It's like having a plan B, yeah, or something to fall back on,
is you?
Know, it's like having a plan Bor something to fall back on.
Is you know if things change.
But if you have, like you said,all your eggs in one basket,
and that can imply to investingtoo, or whatever, you run more
risk if something isconcentrated in one area and
(23:54):
having more than one source ofincome spreads it out a little
bit.
Speaker 3 (24:05):
Yeah, like I guess, diversify everything.
Just diversify your income,your friends, your work, your
passion, your, anything you know, just diversify it as much as
possible.
Speaker 2 (24:13):
Yeah, Things change, though it's you know, it gives
you multiple ways.
So the next question is what isone simple thing people can do
each year to set themselves upfor financial success?
Speaker 3 (24:30):
I think about this a lot and self-reflect.
I think there's not one.
So if there's a one thing thatI do every year that sets me up
for money, success would be keeplearning.
You know, never to stop likelearning, like never to think
(24:54):
like, hey, I'm an educator, I'mnot.
There's not another word thatdefines me.
Well, that's why I use educator, but I feel weird to say that,
because I'm not like teach.
Well, I am teaching people, butI'm not going to their.
Uh, I'm, I don't have a schooland I'm not a teacher, and you
know what I mean.
But um, I keep learning.
(25:17):
Um, for example, I still don'tknow that well about taxes,
because tax taxing systems arenot as complicated in mongolia
as in other countries, but thereare things to learn about that
I'm learning about, about landownership now, learning more
(25:37):
about investing even now, etcetera, et cetera.
So, keep learning.
If you don't keep learning andbe enough with your knowledge, I
think it would be a stalesituation and that's not good.
Like uh, maybe, uh, like uh,maybe.
(26:00):
Have a opposite of scarcitymind in your wealth, but have a
scarcity mind in your knowledge,thinking that, because isn't
that true?
Like more you learn, you justlearn that you don't know enough
or there are more things tolearn.
Speaker 2 (26:19):
Yeah, I completely agree.
The older I get it's true theless you feel like you know.
My expertise is in the world oflife insurance and there is
still so much that I don't know.
And there is still so much thatI don't know, and I think I
know more than most people, butI like to think so at this point
(26:43):
.
But you know, there's still somuch where I go.
Wow, you know, I didn't knowthat, or I need to double check
that.
And yeah, to always keeplearning is so important because
you know there's new things,but I think it helps you to
continue to grow as well.
So that's, that's just amazingadvice, and I think that's
(27:04):
advice for people, for everyone.
As you talk about, as you know,you feel like, well, maybe I
don't deserve this with money,maybe you learned something new
that helps you feel morecomfortable.
So that's yeah, so that'sawesome advice.
So the next question is what isone habit that people can
(27:25):
change when it comes to theirmoney?
Speaker 3 (27:27):
Track spending.
Speaker 2 (27:29):
Nice.
Speaker 3 (27:32):
Track your spending, understand where your money goes
, and then, no, I think it wouldgo like this Track your
spending, face yourself,understand where your money goes
, what happens, just have alittle bit of certainty so that
you know it's not that scary,you can manage it, you know
(28:01):
scary, you can manage it.
You know, and it's a.
You just have to face yourselfbecause it's.
I remember I wasn't tracking myspending or things like that,
or I would just completely stoptracking my spending because I
spent a lot of much.
That just means I didn't wantto face myself.
So, um, more you track, moreyou just understand.
Once you just understand, onceyou are tracking your spending,
you understand what happens toyou so that you understand what
(28:24):
to do.
I think, of course, you needfinancial people who is giving
you advices, like me?
But once you understand yourown spending, you can pretty
much decide how to change orwhat to do there, really
logically, you know.
So I think it's the mostimportant thing that you're
supposed to do, and you should.
Speaker 2 (28:46):
Yeah, no, I'm in agreement is because if you
don't know your numbers, it'shard to make good decisions.
You have to know your resourcesso you know which way to go,
where you are in terms of yourgoals and what you want to
achieve.
So that's powerful.
So the next question is whatmoney myth are you trying to
(29:07):
break?
Speaker 3 (29:09):
I'm trying to break a money myth that it's only for
rich people.
You can earn it, you can manageit.
Um, you can do it too.
It's just what they told you tobelieve in.
Um, you, yeah, I I think it's abroader aspect of money is for
(29:32):
you and you can earn it.
Uh, you can do it, you canmanage it.
You can do pretty much anythingin your life if you believe you
want to, and then you should oryou deserve it, and I think
that's what I'm trying to breakthat money is not for rich
(29:54):
people.
Money, money is for everybodyand it's not easy per se, but
it's.
Speaker 2 (30:02):
It is manageable and also, you know, I think, Well
and I think it gets back to whatyou were talking about earlier
is, you know, breaking down, youknow the taboos and everything
that you know, that you, onceyou start to think about money
as a tool, you know nobody'sscared of a hammer.
(30:25):
You know, and the hammer is atool, and once you learn how to
use that tool, you can masterthe tool.
Now, granted, money may be likeyour toolbox and you have your
tool and your screwdriver andeverything else, but once you
start to understand how to usethe tools and the tools are
there for you to use and, if Iunderstand you correctly, with
(30:47):
money, you know the differentparts of the money world are
there for you to use.
And once you start doing that,you know that that's powerful
advice.
So let's get out the timemachine for a minute and we'll
go back.
I think you were talking about15 years ago.
What advice would you give youryounger self if you could go
(31:09):
back in time knowing what youknow now about money?
Speaker 3 (31:16):
I guess I did follow this advice, but I would like to
say don't stop if you areafraid, like you know how many
times I stopped tracking myspending or just, like um,
stopped learning about moneybecause I was afraid.
You know, I was like I, Ifailed, like I failed, and then
(31:38):
I just thought, oh, it's sodifficult, I'm not gonna learn
and I, it's not for me, orthings like that and don't stop.
Then just take a breather andcome back again like uh, eat
well, eat, eat good food thatnight, if you can, and say I'll
try tomorrow, you know, or maybein a few days, but just don't
(32:03):
stop.
Don't stop trying to learn.
Don't stop when it feels likeit's difficult.
Speaker 2 (32:11):
You know, yeah Well, and I think you said something
important too is that it's okayto take a break and a deep
breath to kind of.
You know, I think what you'retalking about is refueling,
resting a little bit and thencoming back fresh, instead of
just hitting your head againstthe wall.
(32:33):
You know is to take a break,but I think what you're saying
is so powerful is, if you hitsomething that makes you afraid
or stops you to rethink it,right is to come back and look
at it from a different way.
Speaker 3 (32:50):
Yeah, don't stop for good.
Just take a breather, then comeback.
It doesn't mean just becauseyou don't understand it now
doesn't mean you have to stop itfor good and you will never
understand it.
It's just you need to rest, ormaybe you need to look at it a
different way.
(33:10):
You will understand it, yeah.
Speaker 2 (33:14):
Yeah, oh, I think that's powerful Change the way
you're thinking about it, whichis, of course, the theme of this
show is, you know, toconstantly look at a different
viewpoint and to address it.
Because I think that's thething with money is, it's like
anything else.
Sometimes there's differentways to solve a problem and the
(33:36):
same approach isn't always goingto be successful.
So taking that breather allowsyou to think about like okay,
well, maybe it's not the problem, it's how I'm approaching the
problem, and then you can.
Then you can solve it by comingin a different way.
Speaker 3 (33:55):
Maybe society is the problem, and it wasn't you to
begin with, it was just asociety, and then you just have
to be compassionate withyourself, et cetera.
Speaker 2 (34:07):
I love that.
I think that's something thatwe don't talk about is to be
gentle with ourselves and to becompassionate with ourselves
when it comes to our money,because I think sometimes
there's an expectation that weshould know how to do this or we
failed if we haven't savedenough money, but it's okay.
We all have stories aboutthings that we could have done
(34:28):
differently with our money anddifferent choices we can make,
but that's true of our wholelives.
Speaker 3 (34:35):
I think that's one reason why other people haven't
started my page is that thosepeople kept saying that it's
wrong that you don't know, likerush.
Now you know it's you're losingthings if you aren't managing
(34:56):
your money, or they did not.
They weren't compassionate withpeople, and I'm learning to be
compassionate with myself andalso to tell people how to be
compassionate with themselves,because you weren't given this
tool.
Nobody was given this tool,except rich people, and that's
(35:18):
why we it's okay, it's difficult, I understand it's difficult,
but you will get there.
Everybody can.
Can you count one to 10?
Yes, so then you can.
You can manage your money, okay.
Just it can seem difficult.
Speaker 2 (35:39):
It will be understood later, you know, just be
compassionate with yourself yeah, well, I I think exactly like
you said it comes back to thebasics, is and I think people
tend to forget that too, as theyexpect like to go from zero to
investing in crypto.
But there's a lot that goes inbetween.
(36:01):
And, like with any skill, isyou know I talk about learning
how to play basketball?
Is you know you don't go tobeing an NBA player overnight?
I mean, most of us will neverbe an NBA player, but you do
have to learn every one of thebasic skills in order to be
successful, and with any game ortask, you start at the
(36:25):
beginning.
Speaker 3 (36:30):
Also be patient with yourself.
Not only compassionate becauseit takes a lot, not only
compassionate because it takes alot.
I sometimes feel like moneymanagement is kind of like a
university word knowledge,because one by one it is a lot,
and earlier you start better,but it does take time.
(36:51):
You can't be earning like fivesources of income by tomorrow
just because you started today,but that is in your future if
you keep studying and learning.
Speaker 2 (37:06):
Yeah, well, it's exactly like you said.
There's a lot of differentareas to learn and you can't
expect to understand and masterall of them all the time.
So you know, I want to ask youis what is your favorite go-to
money resource for yourself,whether it's a podcast, a book,
(37:27):
a newsletter, an app, a website?
What's that number one thingwhere you go to learn about
money?
Speaker 3 (37:34):
I follow almost every financial people, like people
who give it, like me, but theone place I have to mention is
the financial diet.
Okay, on Instagram, on TikTok,they have a website.
(37:56):
They have books.
They have a website.
They have books.
I've um.
It's um.
It was started by these twowomen 10 years ago and I have
followed, I think, for the lastnine years of them and now they
don't um publish as much as theyused to, but they're all their
(38:17):
published videos and news andarticles are already there, so
you can look at it.
It's the financial diet that Iyeah that I think that has
changed my life.
You know, I think that was theonly page that wasn't in about
(38:38):
Mongolia but still gave me a lotof knowledge about thing, about
money.
And there are lots of otherpeople that I follow.
They are helpful, but the onethat was actually the one that I
hold close to my heart is thefinancial diet.
Speaker 2 (38:57):
Well, that's awesome.
I appreciate you sharing that.
And you know and I've beenasking this question of all the
guests because I think that'salso important for the audience
is that, even with the mostaccomplished people in the money
world somebody like you, whoyou know is becoming your own
expert, a thought leader thatthere's somebody who inspired
you and that you learn from, andthat, no matter how much you
(39:20):
know, there's always somebodyelse that you can learn from,
and that it's learning togetherthat helps us to grow.
So, to wrap up, what is yournumber one tip on changing the
way we think about money?
Speaker 3 (39:35):
I think I said it before, but I'm going to say it
again you can manage your money.
You can manage your money.
Anybody can manage their money.
If you follow the right steps,if you're compassionate with
yourself, if you don't give upNow, if you follow my advices,
(39:57):
you can manage your money.
It is very manageable.
There are a lot of sources youcan learn from me being one of
them, but I'm only in, I'm onlysharing things in mongolian,
because there are already somany information in english.
Um, and you can manage it, it'sokay, you will get there.
(40:21):
It seems unbelievable, but youdeserve it.
I deserve it.
Everybody deserves it.
Everybody can.
If, if you just try, if youjust if you are just consistent,
compassionate with yourself.
Speaker 2 (40:40):
Well, I think consistent is important.
Something else you said there,too, is to not give up.
There are going to be dayswhere it seems difficult, and
you have to keep going and notbe discouraged, because it's not
always going to be a straightline of success.
It would be great if it was,but that's not how things work.
Speaker 3 (41:03):
It seems difficult that some days for me, and it's
kind of weird to talk from asense of I'm a teacher, I'm
teaching you, I know how to.
That doesn't make sense and itmakes me feel really
uncomfortable.
But it's just.
I have tried these things.
I have failed much more andI've learned and I've found
(41:26):
these things.
You can also use it, you knowyou.
You have other things to teachme.
I have this thing to teach you,you know like.
But even after all thisknowledge and trying, I still
have days.
I actually have a lot of days.
(41:49):
I feel weird about it becauseI'm a very anxious person.
So, but that doesn't mean thatdid not stop me, thankfully,
from giving you information,giving Mongol's information, and
I'm very proud of myself fordoing that.
And people have been telling mehow it has been changing the
(42:11):
way they think about money andthat brings tears to my eyes for
how they do.
Speaker 2 (42:21):
Well, that's awesome and I love your philosophy and
you know and you know, and it isamazing.
I'm glad we were connected byour friend, charlene Kong.
You know about the work becauseyou know Charlene's in
Switzerland, now originally fromChina.
You know that we're able toconnect globally because these
(42:43):
things are the same issues forpeople around the world.
You know that we're all talkingabout money, but that we're not
talking about the superspecifics, but it's more, as you
point out.
It's like how do you approachit?
How do you believe in yourself,how do you get started that
(43:05):
these are the really importanttools to financial success, but
the rest are tactics?
Speaker 3 (43:12):
Yeah, exactly the strategies.
Speaker 2 (43:16):
So, adno, thank you so much for joining us today on
the Get Ready Money podcast.
We appreciate your time.
Speaker 3 (43:24):
I am so happy to be here.
I'm a radio journalist of sixyears and I was always the one
who was interviewing people.
I've never been on this side.
It feels great, and thank youvery much for inviting me to
this podcast and letting me talkabout what I think is cool.
Speaker 2 (43:48):
Yeah, no, that's awesome, and I did forget to ask
you where can people find outmore about you?
I know you have the Instagrampage, which is a Mongolian and
unfortunately a lot of theaudience doesn't read or speak
Mongolian.
But are you active on LinkedInor anywhere else?
Speaker 3 (44:03):
I am active on, so my Instagram page is only it's an
only talking about finances.
But I am very ambitious person.
I have a few different careersgoing on at the same time, so
that's why I am active onLinkedIn.
(44:24):
By my name, by my full name,atan Chimikidrsehan, I also
write a lot about my justpersonal experiences on either
in English or Mongolian, golan,on medium.
Okay, yeah, o-d-o-n-c-h-i-n-e-gand I-D-E-R-S-A-I-K-H-A-N.
(44:50):
You can find.
If you just type that name, youhave all the information that I
share about my therapyexperiences living in Scotland,
etc.
Etc.
They're just everything.
So I love writing.
That's why.
Speaker 2 (45:13):
Well, that's awesome watching and listening.
We'll make sure that everybodyhas links and show notes so you
can check out your Medium pageand if you do read Mongolian,
check out the Instagram page,but definitely on LinkedIn as
well.
So thanks again for joining us.
Speaker 3 (45:35):
Thank you very much, tony.
Thank you for creating a groupand letting us connect with each
other, and thank you.
I appreciate that a lot.
I appreciate this podcast aswell.
Speaker 2 (45:50):
Yeah, no, and I appreciate you and being a
financial educator and beingable to share your knowledge and
expertise, and thank youeveryone, as always, for tuning
in to this episode of the GetReady Money podcast.
If you learned something todayto change the way you think
about money, please be sure totell a friend and to subscribe
(46:11):
Until next time let's change theway we think about money.
You.
Are you looking to get ready, be prepared and
transform your financial future?
Then you've come to the rightplace.
This is the Get Ready MoneyPodcast with Tony Stewart, where
Tony has insightfulconversations with financial
experts who are changing the waywe think about money.
Catch up on the latestfinancial trends and hear
(00:27):
practical advice from Tony andhis expert guests so you can
build healthy habits that work,Be empowered with tips for
implementing small changes thatcan have a big impact on your
financial future.
So sit back and get ready tohear from today's guest.
Speaker 2 (00:48):
Welcome to the Get Ready Money podcast changing the
way we think about money.
I'm pleased to be joined todayby Adna, who is a journalist,
communication specialist andfounder of your Financial Guide.
In this episode, we'll bediscussing Adna's insights on
how we change the way we thinkabout money and how it relates
to your overall lifestyle.
(01:09):
Welcome to the Get Ready Moneypodcast.
Thanks for joining us today.
Speaker 3 (01:14):
Tony, thank you very much for having me and happy New
Year to the listeners.
Speaker 2 (01:20):
Yeah, thank you and thanks for being here today
again.
Yeah, thank you and thanks forbeing here today again.
Speaker 3 (01:28):
So tell us a little bit about yourself.
What is your origin story?
So my name is Idris AhniAtanchimik.
I'm Mongolian, I'm 32 years old.
I am like, as you said, thefounder of the your Financial
(02:01):
Guide page on Instagram, whichis Mongolia's first
down-to-earth page talking aboutpersonal finance, and I live
with my partner at the moment inScotland.
And, yeah, I'm a journalist,communication specialist,
translator, and I love talkingabout money and this is my first
podcast, so I'm really excited,thank you.
Speaker 2 (02:26):
Yeah, well, glad to have you on here.
So you know why are you sopassionate about talking about
money and financial preparedness.
Speaker 3 (02:34):
So if you are talking about money and if you are
financially prepared, that meansyou are just talk, you're
passionate about your life,you're passionate about being
ready for everything.
That means you take control ofyour life, because money is the
(02:56):
tool to make you have a goodlife, a life that you want good
life in, whatever that means foryou.
And that's why I love talkingabout it.
And I learned that the taboo ofnot talking about money is
actually what stops you fromtalking about it and make you
(03:20):
have less power somehow, makeyou have less power somehow.
So that's why I learned thattalking about it educating
others educating myself in themeantime is the way.
Speaker 2 (03:41):
So, yeah, well, that's awesome, and you said so
many powerful things in there.
I think you know.
To backtrack to one of thethings you said first is that
money is a tool, and I thinkthat's important to, uh, for
people to realize.
I mean, could you go a littlebit deeper on that, about how
money is a tool, not somethingof itself?
Speaker 3 (03:59):
so um I.
So if money was a potato, wewould talk about potato.
I would love to talk aboutpotato because I love potatoes.
What a fun word too, you know.
So, for example, now that I havestarted managing, I have
(04:20):
started to understand how tomanage my money.
I lead my life how I want.
I have a calm mornings, I makemy coffee however I want,
however slow I want, and I livewherever I want and money allows
(04:40):
me and do as little or a lot ofwork as I want, and that's how
money allows me to do.
It's a tool of power that youhave that makes you live your
(05:01):
life however you want, andthat's why people need to talk
about money.
That's why people don't havepower, especially in Mongolia,
marginalized groups and womenand older people, et cetera, et
(05:23):
cetera.
So, yeah, money is noteverything.
I think once it reaches acertain point, if you are
unhappy, money can't buy youreally happiness if you already
have money.
But if your first needs aren'tbeing met and you are giving
(05:43):
your first needs met, you willbecome happier for sure, because
you are not worried abouttrivial, not trivial important
things.
But once that is settled down,settled and fixed, you can then
think about something else, whatyou want, where do you want to
(06:05):
live.
You want where do you want tolive or how do you want to live,
and yeah, yeah, money is a veryimportant.
Money is, I think, as importantas education.
But if you don't have oneanother, I think it wouldn't go
well, type of thing like that.
I think it wouldn't go well.
Speaker 2 (06:27):
Well, I think money is part of an education, you
know, and that's.
I think that's it is.
You know it's tied into so manyof these other things that it
does have that full impact, asyou point out, I you know.
You said something in thereabout how money loves you and I
think a lot of us struggle withour relationship with money.
(06:50):
Could you go deeper into that,how you can have a positive
relationship, because somepeople do feel like money hates
them.
Speaker 3 (07:00):
Could you ask me in a different way?
Oh sure, Sure, sure.
Speaker 2 (07:05):
So you said that money loves you, which is a
positive thing, and some people,I think, have very negative
views of money.
That it's something you knowhard, that money doesn't like
them, you know, and that's doesthat follow.
(07:29):
Is that something you can talkto?
Speaker 3 (07:32):
Yes.
So I don't think money is aseparate thing, of a separate
thing itself.
So if you think money doesn'tlove you, you are probably also
thinking you don't deserve goodthings or you can't live a good
life or things like that.
So money is, it's not onlymoney, you know.
(07:56):
It's the freedom, the goodeducation or like good
opportunities.
They all love me.
I think it's because I lovethem as much and then I
understood that I deserve them,you know.
Speaker 2 (08:14):
Yes.
Speaker 3 (08:16):
And so if people are thinking that they don't deserve
it, they wouldn't earn, earn,earn these things because they
wouldn't.
So if they, if they don't thinkthey deserve it, they wouldn't
put them up, put themselves upfor success.
(08:37):
They would put themselves up forfailure already by thinking
that and it's not their wrongthat they think like that,
because we just grew up like youknow, you aren't supposed to
get this and that especiallywomen we are told to serve, we
are told to shut up about it andjust clean the dishes, or
(09:00):
something you know, and that'swhy you have to change your uh
mind.
Mindset.
Speaker 2 (09:08):
First to and to do something nice, I think, um,
then there's a scarcity, umscarcity or mindset where you um
we will talk about it later,I'm sure, because scarcity,
scarcity, mindset is alwaystalked about in this yeah, yeah,
(09:30):
and I think that's somethingthat people struggle with is
that they don't feel like theydeserve to be successful with
money, that it's not for them,that it's for somebody else and
that they can't, it's not apossibility for them.
So you know that's verypowerful that you're pointing
out.
So you know, let's talk alittle bit about you know, your
(09:53):
work with launching yourfinancial guide.
The first Mongolian pagefocused on financial life.
What was, what was that like?
Speaker 3 (10:01):
just being a trailblazer and doing something
just so new and different soit's crazy, uh, to think about
it, that even now, talking abouthow I am the first person, um,
people have tried doing thisbefore, but they have.
They have done it differently,like talking only about
(10:23):
investing.
Like you know finance br, youknow finance bros there have
been finance bros, obviously,but they never gave information
that were actually down to earthand actually easily applicable
and they there wasn't.
They didn't relate to people.
They would say to mothers, likeif you're just being at home
(10:48):
taking care of your baby, you'relosing money.
Like you know things like that,very things like that Mine is.
Or like there are other times,other pages, where they talk
about energy and say it's likemoney comes to me instead of
(11:09):
actually giving you tools, haveto save or have to track
spending.
You know, nobody ever talkedabout it like this.
And um I um, I did it because Iwas bored Bored in the sense
that I left.
(11:29):
I still work in corporate, butI work from home, which is kind
of impossible in Mongolia.
Everybody went back to officenow, so you can't really work
from home.
So I moved to the countrysidein 2023 because I was done with
(11:51):
corporate, I had a bad timethere and I was working at a
place I work now.
I'm an editor of Mongolia'sEnglish newspaper I think there
are only two and then ours is aprivate and it's ours is a
(12:12):
private as well as most oftenpublished newspaper.
And so I moved to thecountryside because I could work
from home and I was also doingsomething else, you know, just
translation and things.
And for the first time in mylife, I had power in my life,
how I could design my life, notbecause of work, but by.
(12:36):
So I was first bored because Ididn't understand how I was, how
I was supposed to live, or if I, how I would like to live.
So I, um I was born and then,um, I I always was uh, wanted a
page like mine, um, because Icould follow international
(12:58):
people who I do still, um, butthey never gave me um advice
that I could easily just likewere if this was the clothes and
I would wear it.
So that never happened.
Uh, because, for example, it'skind of almost impossible to
invest in mongolia really andlike invest, like how, uh, you
(13:21):
guys invest and earn money fromit as much, except it's like a
Bitcoin, which I don't do, andso, or like, nobody talked about
what bank to use in Mongolia.
Nobody talked about how toincrease my incomes or money by
(13:43):
doing these things in Mongoliansoil.
So I wanted this kind of pagewhen I was a kid and now I'm 32.
That means like 17 years ago Iwanted it and I read a bunch of
books and finally social mediahappened and then, like, girls
(14:04):
started posting about women,started having important pages
that talk about money, like mine, and that helped me.
But even after 17 years, I orlike 15 years, which is in 2023,
I still didn't see this page,while there are so many other
(14:26):
pages and influencers inMongolia, just nobody talked
about it.
I was like why?
And then I was like, well, I'mnot a millionaire, you know, but
I do have so much informationabout it.
Along the way, I developed myown things, own ways to manage
(14:51):
money.
No tracking spending pages haveever worked for me all these
people who have done and then Ideveloped my own because I was
like none of this worked for me,type of thing.
And then I was thinking like,hey, hey, then why don't I start
it?
But then there was likeimposter syndrome or saying like
(15:15):
then you are not a millionaire,I mean, you're not rich.
How are you going to convincepeople that you can talk about
money?
And I was like, but I do have somuch information.
I'm already much moreaccomplished.
Although I'm not rich and I'mnot like financially free, you
(15:37):
know, I manage my own time.
Isn't time a wealth, you know?
Et cetera.
So I started it and it was soexciting for me.
The reception wasn't like thatbecause I think until like eight
(15:58):
or nine months later, not manypeople followed me like only 200
or 300 people followed me.
Uh, and nobody actuallyunderstood this much or
something.
But people are starting to getthere and I think it's just the
algorithm thing that isn'tworking out there and reaching
(16:21):
the people that needs to reach,and it is slowly reaching now,
yeah, and now I have 6,900something followers, almost all
original, but yeah, that's it.
Speaker 2 (16:41):
Well, that's awesome.
You know that's a great startand it's so hard.
I know so many personal financepeople who are involved in
money education and it can bereally hard to break through the
noise and the algorithms andeverything else.
(17:02):
Reaching 7,000 people is afantastic accomplishment.
I want to watch.
I mean, you said so many amazingthings, but one of the things
you pointed out is time iswealth, and you alluded to that
earlier is that money allows youto do certain things.
It allows you to control yourtime, and I know you've talked a
(17:23):
lot about that and I think thatcomes back to what you said
originally about money being atool is that money allows you to
do certain things.
I think what's also importantand you've talked about this a
little bit and I think it'd begreat to talk about is how money
is different for women, is howmoney is different for women.
(17:49):
You know it's.
You know the degree may begreater in Mongolia, but even in
the US you know there's agender pay gap between what men
and women earn.
You know how much money womenhave saved aside.
I mean, how do you start totalk about that as a woman, to
help other women really breakthrough?
And, as you point out, thatimposter syndrome, because women
(18:11):
also feel like well, you know,this may be a man's world.
You know, this is the tech brothing.
How do you?
start to have that conversationto help other women.
Speaker 3 (18:22):
That has been really hard and then I think that's
like all that answer full answerto that question is another
podcast.
Okay, there are so many thingsto talk about and I want to be
right.
I don't want to hurt people.
I also don't want to talk badabout my country while being
(18:43):
critical.
So I that I would like to becareful.
But in Mongolia, something I'venoticed is that women would I
have talked to wives, wives andwho earn all the money and do
(19:06):
not have a savings account forherself, because that's a
selfish thing and she doesn'thave it.
And that's just an easy example.
But there are even moredifficult examples of how women
are earning all the money andstill don't have power in that
(19:26):
house, because that woman doesnot have a time for herself.
That woman is earning the moneydoing the dishes, cleaning,
taking care of the children,bringing the children to the
world, etc.
Etc.
So I've seen a lot of that.
But unfortunately there arealso another problem with men in
(19:50):
Mongolia that is a disadvantageto men and I don't want to get
into that here because there area lot of things to talk about
before to answer that.
But something just I've noticedin women and especially mothers,
a lot is that, even in myselfis that they don't do what they
(20:17):
want.
They'd rather do what they'resupposed to do, and that's why
it's really hard to tell themthat, no, you should have
savings.
No, this money you're earningis supposed to be for you, not
necessarily to buy all the 10shoes you want at the same time.
But heck, I'm sorry, you, uh,you deserve this money because
(20:42):
you earned it.
You're also a person yourself,with the want, with a separate
need, with a separate view, etc.
Etc.
You know.
So that has been really hard,and I think I'm trying to lead
by example that you can and youshould, while still hearing
(21:04):
negative noises but that is acommon thing, I see, and then it
makes me feel bad that it'sstill like that.
Speaker 2 (21:16):
Yeah, and that's a global thing, and I think you
know just to highlight what yousaid is that women deserve what
they earn and to meet their ownneeds, and I think that's fair
to say around the world, youknow, as a very basic right, and
(21:37):
I think in so many societies isthat that does happen.
And you know, I know wedefinitely don't want to go
there, but I think that is justfrom a surface level is that for
anybody who feels like theydon't deserve it?
You do deserve it.
Yeah, we all deserve our youknow our own success and the
(21:59):
fruits of our labor and what weearn, and we can all be happy
with what we do.
So that's awesome.
Well, let's switch gears andget into what I call the get
ready money questions, and theseare the questions that I ask
all my guests, and they're alittle bit more rapid fire, but
they're more about financialliteracy.
And the first one is what basicmoney concept do you wish
(22:25):
people knew?
Speaker 3 (22:27):
It's that you should not have only one sources of
income.
Have different sources ofincome, even if the other two or
three are very little, becauseit gives you security that you
don't rely on only one thing.
(22:50):
Just don't rely on one thingever, in anything.
Just always have your eggs indifferent baskets in all parts
of your life.
So in that sense, um, justdon't.
However much you earn from yourone job, that doesn't matter.
You always need to have adifferent sources of income.
(23:12):
That's my thing that peoplereally need to understand,
because people ask me like well,but I earn enough.
Okay, that's good, but what ifthat one goes away?
You don't know.
Do not put yourself in thatsituation, you know, yeah.
Speaker 2 (23:33):
Yeah, I think that's great advice.
It's like having a plan B, yeah, or something to fall back on,
is you?
Know, it's like having a plan Bor something to fall back on.
Is you know if things change.
But if you have, like you said,all your eggs in one basket,
and that can imply to investingtoo, or whatever, you run more
risk if something isconcentrated in one area and
(23:54):
having more than one source ofincome spreads it out a little
bit.
Speaker 3 (24:05):
Yeah, like I guess, diversify everything.
Just diversify your income,your friends, your work, your
passion, your, anything you know, just diversify it as much as
possible.
Speaker 2 (24:13):
Yeah, Things change, though it's you know, it gives
you multiple ways.
So the next question is what isone simple thing people can do
each year to set themselves upfor financial success?
Speaker 3 (24:30):
I think about this a lot and self-reflect.
I think there's not one.
So if there's a one thing thatI do every year that sets me up
for money, success would be keeplearning.
You know, never to stop likelearning, like never to think
(24:54):
like, hey, I'm an educator, I'mnot.
There's not another word thatdefines me.
Well, that's why I use educator, but I feel weird to say that,
because I'm not like teach.
Well, I am teaching people, butI'm not going to their.
Uh, I'm, I don't have a schooland I'm not a teacher, and you
know what I mean.
But um, I keep learning.
(25:17):
Um, for example, I still don'tknow that well about taxes,
because tax taxing systems arenot as complicated in mongolia
as in other countries, but thereare things to learn about that
I'm learning about, about landownership now, learning more
(25:37):
about investing even now, etcetera, et cetera.
So, keep learning.
If you don't keep learning andbe enough with your knowledge, I
think it would be a stalesituation and that's not good.
Like uh, maybe, uh, like uh,maybe.
(26:00):
Have a opposite of scarcitymind in your wealth, but have a
scarcity mind in your knowledge,thinking that, because isn't
that true?
Like more you learn, you justlearn that you don't know enough
or there are more things tolearn.
Speaker 2 (26:19):
Yeah, I completely agree.
The older I get it's true theless you feel like you know.
My expertise is in the world oflife insurance and there is
still so much that I don't know.
And there is still so much thatI don't know, and I think I
know more than most people, butI like to think so at this point
(26:43):
.
But you know, there's still somuch where I go.
Wow, you know, I didn't knowthat, or I need to double check
that.
And yeah, to always keeplearning is so important because
you know there's new things,but I think it helps you to
continue to grow as well.
So that's, that's just amazingadvice, and I think that's
(27:04):
advice for people, for everyone.
As you talk about, as you know,you feel like, well, maybe I
don't deserve this with money,maybe you learned something new
that helps you feel morecomfortable.
So that's yeah, so that'sawesome advice.
So the next question is what isone habit that people can
(27:25):
change when it comes to theirmoney?
Speaker 3 (27:27):
Track spending.
Speaker 2 (27:29):
Nice.
Speaker 3 (27:32):
Track your spending, understand where your money goes
, and then, no, I think it wouldgo like this Track your
spending, face yourself,understand where your money goes
, what happens, just have alittle bit of certainty so that
you know it's not that scary,you can manage it, you know
(28:01):
scary, you can manage it.
You know, and it's a.
You just have to face yourselfbecause it's.
I remember I wasn't tracking myspending or things like that,
or I would just completely stoptracking my spending because I
spent a lot of much.
That just means I didn't wantto face myself.
So, um, more you track, moreyou just understand.
Once you just understand, onceyou are tracking your spending,
you understand what happens toyou so that you understand what
(28:24):
to do.
I think, of course, you needfinancial people who is giving
you advices, like me?
But once you understand yourown spending, you can pretty
much decide how to change orwhat to do there, really
logically, you know.
So I think it's the mostimportant thing that you're
supposed to do, and you should.
Speaker 2 (28:46):
Yeah, no, I'm in agreement is because if you
don't know your numbers, it'shard to make good decisions.
You have to know your resourcesso you know which way to go,
where you are in terms of yourgoals and what you want to
achieve.
So that's powerful.
So the next question is whatmoney myth are you trying to
(29:07):
break?
Speaker 3 (29:09):
I'm trying to break a money myth that it's only for
rich people.
You can earn it, you can manageit.
Um, you can do it too.
It's just what they told you tobelieve in.
Um, you, yeah, I I think it's abroader aspect of money is for
(29:32):
you and you can earn it.
Uh, you can do it, you canmanage it.
You can do pretty much anythingin your life if you believe you
want to, and then you should oryou deserve it, and I think
that's what I'm trying to breakthat money is not for rich
(29:54):
people.
Money, money is for everybodyand it's not easy per se, but
it's.
Speaker 2 (30:02):
It is manageable and also, you know, I think, Well
and I think it gets back to whatyou were talking about earlier
is, you know, breaking down, youknow the taboos and everything
that you know, that you, onceyou start to think about money
as a tool, you know nobody'sscared of a hammer.
(30:25):
You know, and the hammer is atool, and once you learn how to
use that tool, you can masterthe tool.
Now, granted, money may be likeyour toolbox and you have your
tool and your screwdriver andeverything else, but once you
start to understand how to usethe tools and the tools are
there for you to use and, if Iunderstand you correctly, with
(30:47):
money, you know the differentparts of the money world are
there for you to use.
And once you start doing that,you know that that's powerful
advice.
So let's get out the timemachine for a minute and we'll
go back.
I think you were talking about15 years ago.
What advice would you give youryounger self if you could go
(31:09):
back in time knowing what youknow now about money?
Speaker 3 (31:16):
I guess I did follow this advice, but I would like to
say don't stop if you areafraid, like you know how many
times I stopped tracking myspending or just, like um,
stopped learning about moneybecause I was afraid.
You know, I was like I, Ifailed, like I failed, and then
(31:38):
I just thought, oh, it's sodifficult, I'm not gonna learn
and I, it's not for me, orthings like that and don't stop.
Then just take a breather andcome back again like uh, eat
well, eat, eat good food thatnight, if you can, and say I'll
try tomorrow, you know, or maybein a few days, but just don't
(32:03):
stop.
Don't stop trying to learn.
Don't stop when it feels likeit's difficult.
Speaker 2 (32:11):
You know, yeah Well, and I think you said something
important too is that it's okayto take a break and a deep
breath to kind of.
You know, I think what you'retalking about is refueling,
resting a little bit and thencoming back fresh, instead of
just hitting your head againstthe wall.
(32:33):
You know is to take a break,but I think what you're saying
is so powerful is, if you hitsomething that makes you afraid
or stops you to rethink it,right is to come back and look
at it from a different way.
Speaker 3 (32:50):
Yeah, don't stop for good.
Just take a breather, then comeback.
It doesn't mean just becauseyou don't understand it now
doesn't mean you have to stop itfor good and you will never
understand it.
It's just you need to rest, ormaybe you need to look at it a
different way.
(33:10):
You will understand it, yeah.
Speaker 2 (33:14):
Yeah, oh, I think that's powerful Change the way
you're thinking about it, whichis, of course, the theme of this
show is, you know, toconstantly look at a different
viewpoint and to address it.
Because I think that's thething with money is, it's like
anything else.
Sometimes there's differentways to solve a problem and the
(33:36):
same approach isn't always goingto be successful.
So taking that breather allowsyou to think about like okay,
well, maybe it's not the problem, it's how I'm approaching the
problem, and then you can.
Then you can solve it by comingin a different way.
Speaker 3 (33:55):
Maybe society is the problem, and it wasn't you to
begin with, it was just asociety, and then you just have
to be compassionate withyourself, et cetera.
Speaker 2 (34:07):
I love that.
I think that's something thatwe don't talk about is to be
gentle with ourselves and to becompassionate with ourselves
when it comes to our money,because I think sometimes
there's an expectation that weshould know how to do this or we
failed if we haven't savedenough money, but it's okay.
We all have stories aboutthings that we could have done
(34:28):
differently with our money anddifferent choices we can make,
but that's true of our wholelives.
Speaker 3 (34:35):
I think that's one reason why other people haven't
started my page is that thosepeople kept saying that it's
wrong that you don't know, likerush.
Now you know it's you're losingthings if you aren't managing
(34:56):
your money, or they did not.
They weren't compassionate withpeople, and I'm learning to be
compassionate with myself andalso to tell people how to be
compassionate with themselves,because you weren't given this
tool.
Nobody was given this tool,except rich people, and that's
(35:18):
why we it's okay, it's difficult, I understand it's difficult,
but you will get there.
Everybody can.
Can you count one to 10?
Yes, so then you can.
You can manage your money, okay.
Just it can seem difficult.
Speaker 2 (35:39):
It will be understood later, you know, just be
compassionate with yourself yeah, well, I I think exactly like
you said it comes back to thebasics, is and I think people
tend to forget that too, as theyexpect like to go from zero to
investing in crypto.
But there's a lot that goes inbetween.
(36:01):
And, like with any skill, isyou know I talk about learning
how to play basketball?
Is you know you don't go tobeing an NBA player overnight?
I mean, most of us will neverbe an NBA player, but you do
have to learn every one of thebasic skills in order to be
successful, and with any game ortask, you start at the
(36:25):
beginning.
Speaker 3 (36:30):
Also be patient with yourself.
Not only compassionate becauseit takes a lot, not only
compassionate because it takes alot.
I sometimes feel like moneymanagement is kind of like a
university word knowledge,because one by one it is a lot,
and earlier you start better,but it does take time.
(36:51):
You can't be earning like fivesources of income by tomorrow
just because you started today,but that is in your future if
you keep studying and learning.
Speaker 2 (37:06):
Yeah, well, it's exactly like you said.
There's a lot of differentareas to learn and you can't
expect to understand and masterall of them all the time.
So you know, I want to ask youis what is your favorite go-to
money resource for yourself,whether it's a podcast, a book,
(37:27):
a newsletter, an app, a website?
What's that number one thingwhere you go to learn about
money?
Speaker 3 (37:34):
I follow almost every financial people, like people
who give it, like me, but theone place I have to mention is
the financial diet.
Okay, on Instagram, on TikTok,they have a website.
(37:56):
They have books.
They have a website.
They have books.
I've um.
It's um.
It was started by these twowomen 10 years ago and I have
followed, I think, for the lastnine years of them and now they
don't um publish as much as theyused to, but they're all their
(38:17):
published videos and news andarticles are already there, so
you can look at it.
It's the financial diet that Iyeah that I think that has
changed my life.
You know, I think that was theonly page that wasn't in about
(38:38):
Mongolia but still gave me a lotof knowledge about thing, about
money.
And there are lots of otherpeople that I follow.
They are helpful, but the onethat was actually the one that I
hold close to my heart is thefinancial diet.
Speaker 2 (38:57):
Well, that's awesome.
I appreciate you sharing that.
And you know and I've beenasking this question of all the
guests because I think that'salso important for the audience
is that, even with the mostaccomplished people in the money
world somebody like you, whoyou know is becoming your own
expert, a thought leader thatthere's somebody who inspired
you and that you learn from, andthat, no matter how much you
(39:20):
know, there's always somebodyelse that you can learn from,
and that it's learning togetherthat helps us to grow.
So, to wrap up, what is yournumber one tip on changing the
way we think about money?
Speaker 3 (39:35):
I think I said it before, but I'm going to say it
again you can manage your money.
You can manage your money.
Anybody can manage their money.
If you follow the right steps,if you're compassionate with
yourself, if you don't give upNow, if you follow my advices,
(39:57):
you can manage your money.
It is very manageable.
There are a lot of sources youcan learn from me being one of
them, but I'm only in, I'm onlysharing things in mongolian,
because there are already somany information in english.
Um, and you can manage it, it'sokay, you will get there.
(40:21):
It seems unbelievable, but youdeserve it.
I deserve it.
Everybody deserves it.
Everybody can.
If, if you just try, if youjust if you are just consistent,
compassionate with yourself.
Speaker 2 (40:40):
Well, I think consistent is important.
Something else you said there,too, is to not give up.
There are going to be dayswhere it seems difficult, and
you have to keep going and notbe discouraged, because it's not
always going to be a straightline of success.
It would be great if it was,but that's not how things work.
Speaker 3 (41:03):
It seems difficult that some days for me, and it's
kind of weird to talk from asense of I'm a teacher, I'm
teaching you, I know how to.
That doesn't make sense and itmakes me feel really
uncomfortable.
But it's just.
I have tried these things.
I have failed much more andI've learned and I've found
(41:26):
these things.
You can also use it, you knowyou.
You have other things to teachme.
I have this thing to teach you,you know like.
But even after all thisknowledge and trying, I still
have days.
I actually have a lot of days.
(41:49):
I feel weird about it becauseI'm a very anxious person.
So, but that doesn't mean thatdid not stop me, thankfully,
from giving you information,giving Mongol's information, and
I'm very proud of myself fordoing that.
And people have been telling mehow it has been changing the
(42:11):
way they think about money andthat brings tears to my eyes for
how they do.
Speaker 2 (42:21):
Well, that's awesome and I love your philosophy and
you know and you know, and it isamazing.
I'm glad we were connected byour friend, charlene Kong.
You know about the work becauseyou know Charlene's in
Switzerland, now originally fromChina.
You know that we're able toconnect globally because these
(42:43):
things are the same issues forpeople around the world.
You know that we're all talkingabout money, but that we're not
talking about the superspecifics, but it's more, as you
point out.
It's like how do you approachit?
How do you believe in yourself,how do you get started that
(43:05):
these are the really importanttools to financial success, but
the rest are tactics?
Speaker 3 (43:12):
Yeah, exactly the strategies.
Speaker 2 (43:16):
So, adno, thank you so much for joining us today on
the Get Ready Money podcast.
We appreciate your time.
Speaker 3 (43:24):
I am so happy to be here.
I'm a radio journalist of sixyears and I was always the one
who was interviewing people.
I've never been on this side.
It feels great, and thank youvery much for inviting me to
this podcast and letting me talkabout what I think is cool.
Speaker 2 (43:48):
Yeah, no, that's awesome, and I did forget to ask
you where can people find outmore about you?
I know you have the Instagrampage, which is a Mongolian and
unfortunately a lot of theaudience doesn't read or speak
Mongolian.
But are you active on LinkedInor anywhere else?
Speaker 3 (44:03):
I am active on, so my Instagram page is only it's an
only talking about finances.
But I am very ambitious person.
I have a few different careersgoing on at the same time, so
that's why I am active onLinkedIn.
(44:24):
By my name, by my full name,atan Chimikidrsehan, I also
write a lot about my justpersonal experiences on either
in English or Mongolian, golan,on medium.
Okay, yeah, o-d-o-n-c-h-i-n-e-gand I-D-E-R-S-A-I-K-H-A-N.
(44:50):
You can find.
If you just type that name, youhave all the information that I
share about my therapyexperiences living in Scotland,
etc.
Etc.
They're just everything.
So I love writing.
That's why.
Speaker 2 (45:13):
Well, that's awesome watching and listening.
We'll make sure that everybodyhas links and show notes so you
can check out your Medium pageand if you do read Mongolian,
check out the Instagram page,but definitely on LinkedIn as
well.
So thanks again for joining us.
Speaker 3 (45:35):
Thank you very much, tony.
Thank you for creating a groupand letting us connect with each
other, and thank you.
I appreciate that a lot.
I appreciate this podcast aswell.
Speaker 2 (45:50):
Yeah, no, and I appreciate you and being a
financial educator and beingable to share your knowledge and
expertise, and thank youeveryone, as always, for tuning
in to this episode of the GetReady Money podcast.
If you learned something todayto change the way you think
about money, please be sure totell a friend and to subscribe
(46:11):
Until next time let's change theway we think about money.
You.
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