February 5, 2024 • 21 mins
Hello Hello!
Welcome back to The Mindfully Rich Podcast, where I believe that financial success is not just a dream—it's a tangible reality I'm claiming in each of your lives this year! Today, I'm diving deep into a crucial topic that can transform your finances in 2024!
Question: Do you know if you currently have financial boundaries in place? If not, it's time to change that because for you to win with your money and finances this year, discipline is the key to unlocking that success, and it all starts with establishing clear financial boundaries for yourself and the people in your life.
In this episode, I'll guide you toward financial empowerment by establishing clear boundaries for your financial goals. We're saying goodbye to dreaming big and taking tangible steps to turn those dreams into reality.
This year, the Mindfully Rich Podcast is dedicated to arming you with the knowledge, motivation, and strategies you need to create a roadmap for success and establish the financial boundaries that will set you on the path to victory.
This year, we're not just talking about financial goals; we're making them happen. So, prepare for a transformational episode today to explore the five essential steps to financial boundary setting. It's time to kickstart your journey towards financial freedom and make 2024 the year you achieve those long-desired financial dreams.
Book Me As Your Financial Guide:
Everyone's financial journey is unique, and I emphasize the importance of research when tailoring strategies to your specific goals. Whether you're looking to save for a home, invest for retirement, or pay off debt, customizing your approach is critical.
But the guidance continues! I want to introduce the option of working with you as your financial guidance coach. To kick things off, I invite you to a no-cost discovery call to explore if we're the perfect fit to work together. I'll also explain how my expertise can complement your efforts, offering personalized strategies and support on your financial path. Click Here to book an appointment with me!
Above all, I want YOU to win in your finances. To achieve this victory, we delve into the significance of using vision boards to keep your goals at the forefront of your mind. It's not just about setting goals; it's about seeing them, believing in them, and taking actionable steps to turn them into reality.
Please tune in to Episode 125 as we embark on a financial empowerment journey, setting SMART goals, crafting strategies that lead to success, and solidifying your financial boundaries.
Don't forget to check out the link below for your no-cost discovery call—I'm here to help you achieve your 2024 financial goals. Let's make it happen together!
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hello, hello, and welcome back to the Mindfully
Rich podcast, your weeklycheck-in that encourages you to
elevate your overallrelationship with money, and a
guide to building betterfinancial habits.
On each episode, I'll discussreal-life situations and give
y'all practical advice.
The point of this podcast is tohelp you stay in your financial
lane so you won't end up broke.
(00:22):
I'm the creator and host, ginaRichie Richardson.
Now let's jump into today'sconversation.
What's up y'all?
Welcome back, welcome back.
First of all, do y'all hearthis voice?
Okay, my voice is on one today.
We good, all right, you canhear me very clearly.
Raspy where?
All right, I've been drinkingsome new water, okay, stand
(00:46):
hydrated, doing all of thethings, throw a coat.
The tea is working, okay, andy'all?
I just got to thank y'all forbearing with me, because I've
been trying to stay consistent.
So, for those of y'all that arenew, okay, the podcast started
off great in 2020, consistent,consistent, consistent.
But last year fell off, and sothis year, I've been trying to
(01:09):
figure out is this going to beweekly or is this going to be
bi-weekly?
And I feel like we're going tobe on a bi-weekly schedule just
because that's what's beenfeeling more natural and that's
what I've been producing.
So I feel like that's whatwe're going to be.
But if y'all get an extraepisode, just know I was in a
good mood that day.
Okay, if it's weekly, just knowI was in a good mood.
But don't expect the episodeevery week.
(01:31):
Just know every other weekthat's what we at right now and
I like this flow, especiallywith me jumping back into
everything, and so let me justgo ahead and start with
gratitude and say thank you somuch.
I appreciate all of my richgang, all of those who have been
with me from the beginning tothose of y'all that just jumped
on now.
I was just on the Miss Wanda'sradio show, which is also in
(01:57):
podcast form.
It's called Full Circle.
I want y'all to make sure yougo check out her show as well.
Love Miss Wanda.
Oh my God, we had such a greatconversation.
It was all off the cuff LikeMiss Wanda is just a pro and it
was just so cool.
So if you haven't checked outthe conversation, I went live on
(02:17):
my Instagram page, mindfullyRich, and I have it pinned so
you can go back and you can gocheck it out.
You can also go to Miss Wanda'spodcast, full Circle.
It's on all streaming podcastplatforms.
You can go listen to theconversation there.
It was really good, really indepth.
I mean, a lot of great gemswere dropped that day.
(02:38):
If you haven't checked it out,please I encourage you to go
listen to it right after this.
Okay, and so thank y'all so muchfor all of the listens.
Y'all are really keeping thenumbers up.
Love that.
Keep sharing the episodes witheveryone.
Share on social media platforms, share word of mouth.
I mean that is the biggest formof, I believe, like referrals,
(03:02):
I believe word of mouth is thebiggest form.
So y'all, make sure y'all keeptelling people.
That's all I gotta say.
Just keep telling people.
Okay, and thank you for all thepeople you've told.
All right, so please make surethat you are writing reviews as
well.
The reviews help to share theword of how you're liking the
podcast.
So if you like an episode, ifyou got a second not if you got
(03:25):
a second, you got a second go doit.
Go write a review.
All right, write a review.
Let everybody know.
I want to brag and say look howmany people love it.
All right, so make sure y'allare writing the reviews wherever
you are listening at.
So I know Spotify has reviews.
Apple Podcast has them as well.
(03:46):
I believe the other platformsgot it.
Just wherever you at, write areview, tell people on your
Instagram, share it on yourstories Okay, I just need people
listening, all right.
So, now that we've had ourmarketing meeting, okay, because
y'all are marketing For thoseof you are new, marketing, this
(04:07):
one woman team over here, soy'all the marketing team Okay,
let's go ahead and get to thereason why y'all are here.
And so, for those of y'all thatare new, I have been talking a
lot about winning in 2024 withyour money.
I want y'all to win.
This is our year, we have thenow, all right.
So I am in therapy right now.
(04:28):
So I want y'all to know y'allare getting the best version of
me lots of new perceptions,expectations.
I'm just a deeper Gina rightnow and I am loving the person
that I am becoming, just becausetherapy is really helping me to
dig deep and to see thingsanother way.
I'm getting some things outthere like very introspective
(04:50):
right now, so let's thanktherapy for that, okay, but I
want y'all to win with yourmoney in 2024.
So I've been talking a lot aboutgoals and creating those smart
goals, and once we have thosesmart goals created, having a
vision board, so you have thatvisualization in front of you
each and every day.
(05:10):
But I want to go back to smartgoals.
Just in case you haven't beenlistening, I want you to make
sure that you go back to episode123 and 124.
A lot is talked about in thoseepisodes, but smart goals are
our strategy to making sure thatour financial goals are
specific, measurable, achievable, relevant, realistic and we
(05:30):
have a timeframe associated withthat goal, because that's going
to help us with the strategythat we need to create to get
into that goal.
Because we not playing withgoals over here, no more.
Okay, we we not doing that?
I don't know if we did that in2023.
We ain't doing that this year.
We making sure that, whateverit is that we set that we going
(05:53):
to make sure that we have sometype of realistic way to achieve
it.
Let's just say it like that Allright, no dreams over here.
We not we not doing no dreaming, not round here, partner.
All right, we making sure thatwe got some good goals so that
we can achieve and I know y'allgot some goals.
I know y'all got some thingsthat you want to achieve this
(06:14):
year and I want to make surethat I'm being that guy to help
you with thinking about thesethings and making sure it's top
of mind and being thataccountability partner that you
need on this journey, and that'swhat I'm going to be.
All right, and so onto thereason why y'all are here, and
that is to get into our mindfulmoney moment conversation, and
(06:34):
this is a segment that I createdback in 2020.
The objective of it was to takea song title and curate a
conversation around that.
I realized that there wasn'tgoing to be a song title to go
with everything that I needed totalk about, so there's no song
title today, but just wanted togive those of y'all that are new
(06:55):
what this segment was createdfor and what it was what is
supposed to do.
But I still have a conversationin mind and because we're
talking about our goals, we'retalking about creating a vision
board for it, and because I wanty'all to win this year, I want
to make sure that you have somediscipline and financial
(07:16):
boundaries established so thatyou can reach those goals.
So, yes, we are getting backinto the conversation of
boundaries.
Y'all and I just can't wait.
So let's go ahead and start offwith talking about what a
boundary is.
So a boundary is defined as theline that marks the end of an
(07:37):
area.
So when we talking aboutboundaries as it relates to
money and finances, we'retalking about setting clear
expectations around how you andSBQ engage with your money and
your finances and how you allowmoney to affect your
relationships and thoserelationships, meaning the
(07:58):
people that are around you.
So when we're creating thoseboundaries, you need boundaries
for yourself, along withboundaries for the relationships
that you have created.
This is big y'all.
So you're going to have to puton your big girl and big boy
pants today, because we about toget into it, because I know
that lots of people don't havefinancial boundaries, because
(08:19):
this is one of the biggestconcerns that I see with a lot
of my clients, a lot of peoplewho I talk to about their
finances.
So that's why I know it'ssomething that we need to dig
into and talk about so that youcan get to establishing the
clear boundaries in your moneyand your finances that you need
(08:40):
to achieve your goal.
And this goes for everyone, ofall income brackets.
Everyone faces this.
You can have a dialing yourpocket.
You can have a couple millionin your pocket.
There's always going to besomething that's going to come
up with people that are aroundyou that are going to come to
you for help.
(09:01):
What are those financialboundaries that you have in
place?
And if you don't have any inplace, you are in luck, because
I'm going to talk about fiveways that you can create
financial boundaries toaccomplish your 2024 financial
goals.
So the first step in creatingfinancial boundaries so that you
(09:22):
can accomplish your 2024 goalsis going to be prioritizing your
financial goals.
You are the one who knows whatyour goals are.
Other people don't.
So you're going to have to bethe one that is honoring the
things that you want to do, andthat's going to be putting you
first.
I'm learning this in therapybecause I'm not good with doing
(09:44):
that.
I had a lot of people pleasing.
That was inside of me.
We getting rid of that spirit.
Okay, we put in me first,lucius, okay.
So you have to prioritize you,because if you're doing for
others, how are you also goingto be able to do for you?
And I'm one of those people wholoves to serve.
(10:05):
I love to help other people out, I love to be there to assist
them.
But who's going to assist you?
Who's going to prioritize you?
You are, and I am giving youpermission today to put yourself
first and the financial goalsthat you have for your money and
finances in 2024.
(10:26):
You have to understand and giveyourself permission to know
that these things are importantto you.
So putting you first is goingto be at the top of the list and
your first step in creatingyour financial boundaries this
year.
So your next step is going to bedefining your limits.
I get it.
(10:47):
We want to help people out.
We want to make sure that theyhave the things that they want,
that they need.
Our family members, our friends, whomever it is that you help
out financially.
They probably have been comingto you for financial stuff for a
long time.
But now, if you haven't definedwhat your limits are going to
be, it is time for you to stopand say this is where I draw the
(11:12):
line at.
Is that going to be $5, $50,$100, $200?
I don't know what that lookslike in relation to, in relation
to your financial goals thatyou've already set.
So if you have savings goalsand you're trying to save a
certain amount of money, thatmeans that you're going to have
(11:34):
less money to be given out toyour family, to your friends, or
for you to even be spending outyourself, just because
financial boundaries are notonly going to be for the people
that are in our lives our family, our friends but those
financial boundaries are alsogoing to be for you too.
So you're going to have tocreate some discipline for
(11:56):
yourself as well, along with thediscipline you're going to need
to tell everyone else.
This is where my limit is Now.
For some of y'all, this may beeasy for you to do, but I know a
lot of people have a lot ofclients.
This is not something that'sgoing to be easy for them,
because people are used tocoming to them, also have
(12:18):
clients that are used tospending their money the way
that they want to spend it.
But when we have a goal, wehave to concentrate on what that
goal is.
So there has to be some thingsthat we are limiting in our
lives so that we can reach thosegoals.
All right.
So, moving on to step three,when you are creating financial
(12:39):
boundaries, that is learning tosay no, no, no to yourself, no
to your family, no to yourfriends.
You may not be able to go,because you got a goal that you
got to achieve.
You need that money to gotowards that goal.
You may have to say no whensomebody asks you for money.
(12:59):
You map.
You may have to say no Towhatever that thing is, that you
saw this on sale that you thinkthat you want to buy right now
because it feels microwavableand you feel like you want to
get it because the price isright.
You are going to have to learnhow to say no, and that is a
complete sentence no to yourself, once again, and no to everyone
(13:24):
else.
It may even be no to your kids.
I don't know what or who youmay have to say no to, but you
are going to have to learn howto do that if you want to create
Financial boundaries so thatyou can reach your goals.
Everybody's Income is different, everybody's debt is different,
everybody's needs and wants aredifferent.
(13:45):
So I don't know what that lookslike for you and who or what
you need to say no to, but youknow what your goals look like,
you know the people that's inyour life and you know who you
need to say no to.
So go on and get to getting.
You got my permission.
Tell them no, hell.
No to some of the people, okay,but you get what I'm saying.
(14:06):
Okay, let's go ahead and moveon to step four and that's gonna
be Reframing the conversation.
Now, this one is funny to me.
I love this one because this issomething that I talked with my
best friend about all the timewhen someone asks me for money,
just because I'm looking atfinancial boundaries in this
(14:28):
particular aspect, whensomeone's asking me for money.
So if someone is asking me,always tell her girl.
Just tell them you was about toask them for some money, like I
need to borrow some Money, likeI was just about to call you.
That is reframing theconversation.
Okay, let them know I was justabout to ask you, can I hold
something?
Because it ain't nothing likesomebody calling you and asking
(14:51):
you for money and then you askedthem for money.
That conversation About to endreal quick, I promise you.
They about to get off the line.
I even say you know what?
Let me know when you find themoney, because I still need it.
So maybe they'll give me somemoney too.
Okay, reframe that littleconversation because once again,
we got goals that we trying tomake in 2024, we winning with
(15:16):
our money and finances in 2024.
So, after saying no, reframethat conversation.
I ain't got it.
What's up?
Who else got it?
You got it for me.
Let him even send it to you andthen just send it back to him
at the time that you say you'regoing to send it back Once again
.
We got goals.
So there's going to be peoplethat we're going to have to say
(15:36):
no to.
There is going to be times thatwe're going to have to reframe
that conversation, especiallyfor those people that don't know
how to define them limits.
Reframe the conversation.
I promise you you will get agood laugh.
You got to get a great laugh,okay.
And also, you still got yourmoney in your pocket, okay.
(15:58):
And so moving on to the laststep in creating financial
boundaries so that you canaccomplish your 2024 financial
goals is having a plan, becausewe've set these goals, we've
done the work to create thesesmart goals.
We know that we have people inour lives, whether that be your
(16:20):
family, mom, dad, cousin, sister, brother, your friends, your
kids.
We know that we have people inour lives who we may take care
of financially or that we maygive money to occasionally.
So, knowing that, how can youcreate a plan that allows you to
(16:42):
do less?
What does that plan look like?
So for some you're probablyscreaming and saying but Gina,
you all know I got to do this, Iget it.
So plan out what that's goingto look like.
That's just like with my kids.
I give my kids money.
I also purchase clothes andthings that they need things
like that.
They're on a budget.
I can't just purchase endlessthings because I got goals that
(17:06):
we trying to make, so somethings are going to have to fall
by the wayside not the thingsthat they need.
I'm talking about the once.
So I know that I have them on abudget.
This is what I can do.
You need to understand what isthat plan going to look like for
you when it comes to allowancesthat you may give out, those
(17:28):
monies that you give out toothers in your life.
What is that going to look like?
So, with looking at that andall of the steps that I've said
today making sure that you arefirst prioritizing your
financial goals, but settingthose limits for others and
saying no to others when youneed to how is that going to fit
(17:48):
into your plan so that you areready when they, when they come
to you because they're going tohit you with the.
I need it because or if I don'tdo it right now, or my life's
going to be cut off, my rentgoing to be this.
They're going to hit you withthe sad stories, but you got to
be ready.
(18:08):
You got to create thatdiscipline, that financial
boundary that is going to helpyou with achieving your goal,
because if you don't do it, whoelse is going to do it for you?
I want you to really think aboutthat, because if this year is
the year that you want toachieve some things that you
haven't been able to achieve inprior years, how are you going
(18:29):
to get there if you don't createfinancial boundaries?
You're not.
So you have to learn how to putyourself first.
Prioritize you, set thoselimits, say no when you need to
say no.
Refrain those conversations,because they can get deep, they
can get you into a corner, butyou got to figure out how you're
going to turn that around andthen also know what your plan is
(18:51):
going to be.
All right, I want you all tosit with this episode, because
those was a lot of good gemsthat I just dropped.
All right, listen to this oneover and over, because you going
to need to make sure that yougot this down pack, because
financial boundaries areimportant not only for ourselves
, but for the people that arearound us.
We got goals, we got things wetrying to do in 2024 and I want
(19:15):
to make sure that you are off onthe right foot in doing that.
So listen to this again.
I also have another episodeabout financial boundaries.
That is absolutely amazing.
I didn't even want to try torecreate it.
It's episode 85, the year of mybirth.
Y'all episode is bomb, and Italk about and break down the
(19:37):
different ways to createboundaries with the different
people in your life, and evenhow to create those boundaries
for yourself.
I go way more in depth.
It's episode 85.
Go ahead and check that out,and I hope that this
conversation has been fruitfulto you, because once again, I
want to be your accountabilitypartner and the person that is
there to help you win, guide youinto that winning season that
(20:01):
you want to see in your moneyand finances for 2024.
Woo, what a great episode.
And so if you need a guy justbecause I understand everybody's
financial situation isdifferent we're talking a lot
about how you can form yourgoals, but you may need that one
on one care you need somebodyto go and sit right there with
(20:23):
you Not go, but sit right therewith you so that you can
understand what that goal willlook like in strategy form for
you specifically.
And so I'm your girl, I'm yourguy.
Y'all can now book me as yourfinancial guy.
Go ahead onto my website Ibelieve it should be in the
notes where you could just clickon it to book an appointment
(20:46):
with me.
Now, of course, we're going tostart off with just a little
consultation, a little discovery, called just to see where
you're at, see if you're readyto invest in your financial
future.
If not, I probably won't be thecoach for you, but we can just
sit down and we can decide whatlooks good for you and even if
we're a fit.
So go ahead and do so and y'all, that's it.
(21:10):
I don't want to start rambling,child.
Y'all know I don't like doingthat.
So if you haven't listened tothe first episodes of the year,
get into those.
If you need to go back forthose of y'all that are new,
lots of great episodes I promiseyou I got something on
everything.
Go ahead and go back and checkit out, but that's all I got and
got no more.
And until next time when I hity'all with another one.
Hello, hello, and welcome back to the Mindfully
Rich podcast, your weeklycheck-in that encourages you to
elevate your overallrelationship with money, and a
guide to building betterfinancial habits.
On each episode, I'll discussreal-life situations and give
y'all practical advice.
The point of this podcast is tohelp you stay in your financial
lane so you won't end up broke.
(00:22):
I'm the creator and host, ginaRichie Richardson.
Now let's jump into today'sconversation.
What's up y'all?
Welcome back, welcome back.
First of all, do y'all hearthis voice?
Okay, my voice is on one today.
We good, all right, you canhear me very clearly.
Raspy where?
All right, I've been drinkingsome new water, okay, stand
(00:46):
hydrated, doing all of thethings, throw a coat.
The tea is working, okay, andy'all?
I just got to thank y'all forbearing with me, because I've
been trying to stay consistent.
So, for those of y'all that arenew, okay, the podcast started
off great in 2020, consistent,consistent, consistent.
But last year fell off, and sothis year, I've been trying to
(01:09):
figure out is this going to beweekly or is this going to be
bi-weekly?
And I feel like we're going tobe on a bi-weekly schedule just
because that's what's beenfeeling more natural and that's
what I've been producing.
So I feel like that's whatwe're going to be.
But if y'all get an extraepisode, just know I was in a
good mood that day.
Okay, if it's weekly, just knowI was in a good mood.
But don't expect the episodeevery week.
(01:31):
Just know every other weekthat's what we at right now and
I like this flow, especiallywith me jumping back into
everything, and so let me justgo ahead and start with
gratitude and say thank you somuch.
I appreciate all of my richgang, all of those who have been
with me from the beginning tothose of y'all that just jumped
on now.
I was just on the Miss Wanda'sradio show, which is also in
(01:57):
podcast form.
It's called Full Circle.
I want y'all to make sure yougo check out her show as well.
Love Miss Wanda.
Oh my God, we had such a greatconversation.
It was all off the cuff LikeMiss Wanda is just a pro and it
was just so cool.
So if you haven't checked outthe conversation, I went live on
(02:17):
my Instagram page, mindfullyRich, and I have it pinned so
you can go back and you can gocheck it out.
You can also go to Miss Wanda'spodcast, full Circle.
It's on all streaming podcastplatforms.
You can go listen to theconversation there.
It was really good, really indepth.
I mean, a lot of great gemswere dropped that day.
(02:38):
If you haven't checked it out,please I encourage you to go
listen to it right after this.
Okay, and so thank y'all so muchfor all of the listens.
Y'all are really keeping thenumbers up.
Love that.
Keep sharing the episodes witheveryone.
Share on social media platforms, share word of mouth.
I mean that is the biggest formof, I believe, like referrals,
(03:02):
I believe word of mouth is thebiggest form.
So y'all, make sure y'all keeptelling people.
That's all I gotta say.
Just keep telling people.
Okay, and thank you for all thepeople you've told.
All right, so please make surethat you are writing reviews as
well.
The reviews help to share theword of how you're liking the
podcast.
So if you like an episode, ifyou got a second not if you got
(03:25):
a second, you got a second go doit.
Go write a review.
All right, write a review.
Let everybody know.
I want to brag and say look howmany people love it.
All right, so make sure y'allare writing the reviews wherever
you are listening at.
So I know Spotify has reviews.
Apple Podcast has them as well.
(03:46):
I believe the other platformsgot it.
Just wherever you at, write areview, tell people on your
Instagram, share it on yourstories Okay, I just need people
listening, all right.
So, now that we've had ourmarketing meeting, okay, because
y'all are marketing For thoseof you are new, marketing, this
(04:07):
one woman team over here, soy'all the marketing team Okay,
let's go ahead and get to thereason why y'all are here.
And so, for those of y'all thatare new, I have been talking a
lot about winning in 2024 withyour money.
I want y'all to win.
This is our year, we have thenow, all right.
So I am in therapy right now.
(04:28):
So I want y'all to know y'allare getting the best version of
me lots of new perceptions,expectations.
I'm just a deeper Gina rightnow and I am loving the person
that I am becoming, just becausetherapy is really helping me to
dig deep and to see thingsanother way.
I'm getting some things outthere like very introspective
(04:50):
right now, so let's thanktherapy for that, okay, but I
want y'all to win with yourmoney in 2024.
So I've been talking a lot aboutgoals and creating those smart
goals, and once we have thosesmart goals created, having a
vision board, so you have thatvisualization in front of you
each and every day.
(05:10):
But I want to go back to smartgoals.
Just in case you haven't beenlistening, I want you to make
sure that you go back to episode123 and 124.
A lot is talked about in thoseepisodes, but smart goals are
our strategy to making sure thatour financial goals are
specific, measurable, achievable, relevant, realistic and we
(05:30):
have a timeframe associated withthat goal, because that's going
to help us with the strategythat we need to create to get
into that goal.
Because we not playing withgoals over here, no more.
Okay, we we not doing that?
I don't know if we did that in2023.
We ain't doing that this year.
We making sure that, whateverit is that we set that we going
(05:53):
to make sure that we have sometype of realistic way to achieve
it.
Let's just say it like that Allright, no dreams over here.
We not we not doing no dreaming, not round here, partner.
All right, we making sure thatwe got some good goals so that
we can achieve and I know y'allgot some goals.
I know y'all got some thingsthat you want to achieve this
(06:14):
year and I want to make surethat I'm being that guy to help
you with thinking about thesethings and making sure it's top
of mind and being thataccountability partner that you
need on this journey, and that'swhat I'm going to be.
All right, and so onto thereason why y'all are here, and
that is to get into our mindfulmoney moment conversation, and
(06:34):
this is a segment that I createdback in 2020.
The objective of it was to takea song title and curate a
conversation around that.
I realized that there wasn'tgoing to be a song title to go
with everything that I needed totalk about, so there's no song
title today, but just wanted togive those of y'all that are new
(06:55):
what this segment was createdfor and what it was what is
supposed to do.
But I still have a conversationin mind and because we're
talking about our goals, we'retalking about creating a vision
board for it, and because I wanty'all to win this year, I want
to make sure that you have somediscipline and financial
(07:16):
boundaries established so thatyou can reach those goals.
So, yes, we are getting backinto the conversation of
boundaries.
Y'all and I just can't wait.
So let's go ahead and start offwith talking about what a
boundary is.
So a boundary is defined as theline that marks the end of an
(07:37):
area.
So when we talking aboutboundaries as it relates to
money and finances, we'retalking about setting clear
expectations around how you andSBQ engage with your money and
your finances and how you allowmoney to affect your
relationships and thoserelationships, meaning the
(07:58):
people that are around you.
So when we're creating thoseboundaries, you need boundaries
for yourself, along withboundaries for the relationships
that you have created.
This is big y'all.
So you're going to have to puton your big girl and big boy
pants today, because we about toget into it, because I know
that lots of people don't havefinancial boundaries, because
(08:19):
this is one of the biggestconcerns that I see with a lot
of my clients, a lot of peoplewho I talk to about their
finances.
So that's why I know it'ssomething that we need to dig
into and talk about so that youcan get to establishing the
clear boundaries in your moneyand your finances that you need
(08:40):
to achieve your goal.
And this goes for everyone, ofall income brackets.
Everyone faces this.
You can have a dialing yourpocket.
You can have a couple millionin your pocket.
There's always going to besomething that's going to come
up with people that are aroundyou that are going to come to
you for help.
(09:01):
What are those financialboundaries that you have in
place?
And if you don't have any inplace, you are in luck, because
I'm going to talk about fiveways that you can create
financial boundaries toaccomplish your 2024 financial
goals.
So the first step in creatingfinancial boundaries so that you
(09:22):
can accomplish your 2024 goalsis going to be prioritizing your
financial goals.
You are the one who knows whatyour goals are.
Other people don't.
So you're going to have to bethe one that is honoring the
things that you want to do, andthat's going to be putting you
first.
I'm learning this in therapybecause I'm not good with doing
(09:44):
that.
I had a lot of people pleasing.
That was inside of me.
We getting rid of that spirit.
Okay, we put in me first,lucius, okay.
So you have to prioritize you,because if you're doing for
others, how are you also goingto be able to do for you?
And I'm one of those people wholoves to serve.
(10:05):
I love to help other people out, I love to be there to assist
them.
But who's going to assist you?
Who's going to prioritize you?
You are, and I am giving youpermission today to put yourself
first and the financial goalsthat you have for your money and
finances in 2024.
(10:26):
You have to understand and giveyourself permission to know
that these things are importantto you.
So putting you first is goingto be at the top of the list and
your first step in creatingyour financial boundaries this
year.
So your next step is going to bedefining your limits.
I get it.
(10:47):
We want to help people out.
We want to make sure that theyhave the things that they want,
that they need.
Our family members, our friends, whomever it is that you help
out financially.
They probably have been comingto you for financial stuff for a
long time.
But now, if you haven't definedwhat your limits are going to
be, it is time for you to stopand say this is where I draw the
(11:12):
line at.
Is that going to be $5, $50,$100, $200?
I don't know what that lookslike in relation to, in relation
to your financial goals thatyou've already set.
So if you have savings goalsand you're trying to save a
certain amount of money, thatmeans that you're going to have
(11:34):
less money to be given out toyour family, to your friends, or
for you to even be spending outyourself, just because
financial boundaries are notonly going to be for the people
that are in our lives our family, our friends but those
financial boundaries are alsogoing to be for you too.
So you're going to have tocreate some discipline for
(11:56):
yourself as well, along with thediscipline you're going to need
to tell everyone else.
This is where my limit is Now.
For some of y'all, this may beeasy for you to do, but I know a
lot of people have a lot ofclients.
This is not something that'sgoing to be easy for them,
because people are used tocoming to them, also have
(12:18):
clients that are used tospending their money the way
that they want to spend it.
But when we have a goal, wehave to concentrate on what that
goal is.
So there has to be some thingsthat we are limiting in our
lives so that we can reach thosegoals.
All right.
So, moving on to step three,when you are creating financial
(12:39):
boundaries, that is learning tosay no, no, no to yourself, no
to your family, no to yourfriends.
You may not be able to go,because you got a goal that you
got to achieve.
You need that money to gotowards that goal.
You may have to say no whensomebody asks you for money.
(12:59):
You map.
You may have to say no Towhatever that thing is, that you
saw this on sale that you thinkthat you want to buy right now
because it feels microwavableand you feel like you want to
get it because the price isright.
You are going to have to learnhow to say no, and that is a
complete sentence no to yourself, once again, and no to everyone
(13:24):
else.
It may even be no to your kids.
I don't know what or who youmay have to say no to, but you
are going to have to learn howto do that if you want to create
Financial boundaries so thatyou can reach your goals.
Everybody's Income is different, everybody's debt is different,
everybody's needs and wants aredifferent.
(13:45):
So I don't know what that lookslike for you and who or what
you need to say no to, but youknow what your goals look like,
you know the people that's inyour life and you know who you
need to say no to.
So go on and get to getting.
You got my permission.
Tell them no, hell.
No to some of the people, okay,but you get what I'm saying.
(14:06):
Okay, let's go ahead and moveon to step four and that's gonna
be Reframing the conversation.
Now, this one is funny to me.
I love this one because this issomething that I talked with my
best friend about all the timewhen someone asks me for money,
just because I'm looking atfinancial boundaries in this
(14:28):
particular aspect, whensomeone's asking me for money.
So if someone is asking me,always tell her girl.
Just tell them you was about toask them for some money, like I
need to borrow some Money, likeI was just about to call you.
That is reframing theconversation.
Okay, let them know I was justabout to ask you, can I hold
something?
Because it ain't nothing likesomebody calling you and asking
(14:51):
you for money and then you askedthem for money.
That conversation About to endreal quick, I promise you.
They about to get off the line.
I even say you know what?
Let me know when you find themoney, because I still need it.
So maybe they'll give me somemoney too.
Okay, reframe that littleconversation because once again,
we got goals that we trying tomake in 2024, we winning with
(15:16):
our money and finances in 2024.
So, after saying no, reframethat conversation.
I ain't got it.
What's up?
Who else got it?
You got it for me.
Let him even send it to you andthen just send it back to him
at the time that you say you'regoing to send it back Once again
.
We got goals.
So there's going to be peoplethat we're going to have to say
(15:36):
no to.
There is going to be times thatwe're going to have to reframe
that conversation, especiallyfor those people that don't know
how to define them limits.
Reframe the conversation.
I promise you you will get agood laugh.
You got to get a great laugh,okay.
And also, you still got yourmoney in your pocket, okay.
(15:58):
And so moving on to the laststep in creating financial
boundaries so that you canaccomplish your 2024 financial
goals is having a plan, becausewe've set these goals, we've
done the work to create thesesmart goals.
We know that we have people inour lives, whether that be your
(16:20):
family, mom, dad, cousin, sister, brother, your friends, your
kids.
We know that we have people inour lives who we may take care
of financially or that we maygive money to occasionally.
So, knowing that, how can youcreate a plan that allows you to
(16:42):
do less?
What does that plan look like?
So for some you're probablyscreaming and saying but Gina,
you all know I got to do this, Iget it.
So plan out what that's goingto look like.
That's just like with my kids.
I give my kids money.
I also purchase clothes andthings that they need things
like that.
They're on a budget.
I can't just purchase endlessthings because I got goals that
(17:06):
we trying to make, so somethings are going to have to fall
by the wayside not the thingsthat they need.
I'm talking about the once.
So I know that I have them on abudget.
This is what I can do.
You need to understand what isthat plan going to look like for
you when it comes to allowancesthat you may give out, those
(17:28):
monies that you give out toothers in your life.
What is that going to look like?
So, with looking at that andall of the steps that I've said
today making sure that you arefirst prioritizing your
financial goals, but settingthose limits for others and
saying no to others when youneed to how is that going to fit
(17:48):
into your plan so that you areready when they, when they come
to you because they're going tohit you with the.
I need it because or if I don'tdo it right now, or my life's
going to be cut off, my rentgoing to be this.
They're going to hit you withthe sad stories, but you got to
be ready.
(18:08):
You got to create thatdiscipline, that financial
boundary that is going to helpyou with achieving your goal,
because if you don't do it, whoelse is going to do it for you?
I want you to really think aboutthat, because if this year is
the year that you want toachieve some things that you
haven't been able to achieve inprior years, how are you going
(18:29):
to get there if you don't createfinancial boundaries?
You're not.
So you have to learn how to putyourself first.
Prioritize you, set thoselimits, say no when you need to
say no.
Refrain those conversations,because they can get deep, they
can get you into a corner, butyou got to figure out how you're
going to turn that around andthen also know what your plan is
(18:51):
going to be.
All right, I want you all tosit with this episode, because
those was a lot of good gemsthat I just dropped.
All right, listen to this oneover and over, because you going
to need to make sure that yougot this down pack, because
financial boundaries areimportant not only for ourselves
, but for the people that arearound us.
We got goals, we got things wetrying to do in 2024 and I want
(19:15):
to make sure that you are off onthe right foot in doing that.
So listen to this again.
I also have another episodeabout financial boundaries.
That is absolutely amazing.
I didn't even want to try torecreate it.
It's episode 85, the year of mybirth.
Y'all episode is bomb, and Italk about and break down the
(19:37):
different ways to createboundaries with the different
people in your life, and evenhow to create those boundaries
for yourself.
I go way more in depth.
It's episode 85.
Go ahead and check that out,and I hope that this
conversation has been fruitfulto you, because once again, I
want to be your accountabilitypartner and the person that is
there to help you win, guide youinto that winning season that
(20:01):
you want to see in your moneyand finances for 2024.
Woo, what a great episode.
And so if you need a guy justbecause I understand everybody's
financial situation isdifferent we're talking a lot
about how you can form yourgoals, but you may need that one
on one care you need somebodyto go and sit right there with
(20:23):
you Not go, but sit right therewith you so that you can
understand what that goal willlook like in strategy form for
you specifically.
And so I'm your girl, I'm yourguy.
Y'all can now book me as yourfinancial guy.
Go ahead onto my website Ibelieve it should be in the
notes where you could just clickon it to book an appointment
(20:46):
with me.
Now, of course, we're going tostart off with just a little
consultation, a little discovery, called just to see where
you're at, see if you're readyto invest in your financial
future.
If not, I probably won't be thecoach for you, but we can just
sit down and we can decide whatlooks good for you and even if
we're a fit.
So go ahead and do so and y'all, that's it.
(21:10):
I don't want to start rambling,child.
Y'all know I don't like doingthat.
So if you haven't listened tothe first episodes of the year,
get into those.
If you need to go back forthose of y'all that are new,
lots of great episodes I promiseyou I got something on
everything.
Go ahead and go back and checkit out, but that's all I got and
got no more.
And until next time when I hity'all with another one.
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