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It's National Financial Capabilities Month, and of course, as your financial guide, I have some new stuff to get your financial wellness up! Today's hot topic is "Financial Seasons"! Everybody loves when times are good, but in Chile, when those times are bad, what should you do to find a way back? I got you! Tune in to find out!
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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 weekly lookat life in finances with a twist
, where we talk about improvingyour overall relationship with
money and 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
(00:21):
lane so you won't end up broke.
I'm the creator and host, ginaRitchie Richardson.
Now let's jump into today'sconversation.
What's up y'all?
I'm back, I'm back.
Oh, it feels so good.
And so today I have such a greatepisode for y'all, but I got to
get it started by talking aboutfinancial literacyacy Month.
(00:44):
So April is National FinancialLiteracy Awareness Month and, of
course, with me being afinancial guide, being a
certified financial educator,coach and counselor, doing all
of the financial money financethings out here in these streets
, it wouldn't be right if Ididn't have some type of topic
(01:04):
that would draw all of y'all into make sure that all y'all
getting y'all literacy up.
Okay, and so that's just what Idid for today's episode, and so
a lot has happened.
I can go into all of that, justbecause I want to start this
month off with a positive andstarting on a positive note with
a great episode and starting ona positive note with a great
(01:25):
episode.
So the one thing that I want todo because y'all know, for
everybody that's been ridingwith me for the longest, y'all
know I love to start withgratitude.
So thank you, thank you, thankyou to everyone for all of the
listens, all of the shares,regardless if I'm on or not.
Child, y'all be listening andy'all marketing.
Okay.
So make sure y'all continue toget these episodes out into the
(01:47):
world.
I truly appreciate it.
I appreciate y'all ride with mefor y'all, like all of the
uplifting, that's all I can say,just because when I'm not here,
I still feel your presence, Istill feel the messages, all of
the things.
Just want to say thank you tothat.
And so y'all know I've beentalking about in the beginning
of the year with the episodes.
(02:07):
I'm talking about you winningwith your money and your
finances in 2024.
And I want this podcast toalways be a guide for you.
That's the reason why I createdit back in March.
Oh my God, I missed it.
Y'all, my podcastversary.
Oh my goodness, I can't evenbelieve it.
I just realized it as I'msitting here talking.
(02:31):
Oh my goodness.
So back in 2020, when I createdthis podcast, it has been.
Is it four years now?
It's been four years, wow.
So back when I created thispodcast, I wanted this to be
kind of a beacon of hope.
I wanted this to be a guide.
I wanted this to be likedigestible content to help you
with your money and finance, andit hasn't changed from that,
(02:54):
although I've had my ups, I'vehad my downs.
Y'all have gotten a chance tosee real life happening to me,
with the stops, the pauses, thedifferent things, seeing my ups
and seeing my downs, and so thisis real life.
But I just I just had aconversation with my friends
(03:14):
because, for those of y'allthat's been here since the
beginning, you remember I was ona consistency challenge, and so
I've been challenged again, andso the one thing that I can say
is that when you're doingsomething for a long period of
time, please know I love doingthis podcast.
Love it.
Okay, I could talk about moneyand finance all the time, right,
(03:37):
but when life be lifing, it'shard finding that motivation to
get up, and so I found thatmotivation to get up.
I've been in therapy for a goodminute now.
Things have been going reallywell just because I had to get
my mind right.
You know I think I've talkedabout this before when your mind
not right, you not right, yourfinance is not right, mentally
(03:57):
you're not right, everythingjust ain't right, okay.
And so I haven't been right fora little bit, and so I haven't
been right for a little bit, andso I did have to get in therapy
and I did have to do someself-care with myself just so I
can get myself together.
And so the one thing I realizedis, no matter how much I try to
fake it or try to act likethings are cool, I got to give
myself that time.
And so that's what I've beendoing.
(04:18):
I've been giving myself thattime, but in that time, I have
been working on some things, andas I'm able to share and as I'm
able to launch and do thethings I need to do so I can get
it out into the world so thaty'all can take part in it, I
will be letting y'all know.
And so let's go ahead and moveinto our Mindful Money moment.
And y'all, I am super excitedFor those of y'all that's been
(04:41):
rocking with me since 2020,.
You know how we started thepodcast, where I would take a
song title and use that as theinspiration for our topic point
for the episode.
And I haven't had one of thesein a long time, and so if I had,
like some horns noises, okay,that's what y'all would hear,
because I'm super excitedbecause I got one today.
And so today we are going totalk about finding your way
(05:06):
through the different financialseasons, right, okay, okay, what
song is it?
Go ahead, y'all say it out loud.
Okay, jaheim, finding my wayback.
Yes, I know, yo, please excuseme.
First episode back.
I'm excited.
So let's go ahead and talk aboutthese seasons, and so I want to
(05:28):
reiterate that, because it isfinancial literacy month,
normally you hear people talkingabout your traditional topics
your budgeting, your credit,your home buying, identity theft
, spending money, managing money, things like that.
I want to talk about somethinga little deeper, because I'm a
Capricorn, and so I like to digon in there.
(05:48):
Okay, side note for all myastrology people Okay, I just
found out that six of my housesare Capricorn.
So when people be trying totell me I'm on the cusp because
I'm the last day of Capricorn,I'm a full Capricorn.
Just let y'all know.
Also, I want to make sure thaty'all know the Lord is my savior
, okay, yes, I am one of thosegirls who know what my Zodiac is
(06:09):
, but the Lord is my savior,okay.
Okay, just want to make surethat we all clear, but let's go
ahead and get into these seasons.
And so I wanted to talk aboutthese seasons because I have a
broad range audience, so I havefrom the youth all the way on up
to the elders, and the onething that I thought about for
financial literacy month isstarting at the beginning and
(06:31):
understanding differentfinancial seasons, because I
don't believe that this issomething that's talked about,
but I know it's something that'sshown.
And so, when we're talking aboutseasons, a transitional season
is probably the one that hurtsthe most.
And the reason why atransitional season hurts the
most is because something isshifting, something has happened
(06:53):
that is making you either be ina space where your income is
limited, your income has run outor you are moving up, but you
don't know exactly when thatincome is coming in.
And so some of these examplesof that is when you're
graduating from college.
You haven't gotten to a job yet, but you know you got the
(07:14):
degree, but you're going to bemoving into your career at some
point.
Also, when you lose a job, whenyou get, when there's a
downsize or you get laid off,when you go from full time to
part time, for whatever reason,you go from full time to
self-employed, when you'rerelocating on your own and it's
not due to the purpose of a jobor a job has relocated you.
(07:38):
Sad note I want to stop there,because a lot of people do
relocate for jobs.
Some of them move because thejob is moving them, but in a lot
of cases they're paying forthat relocation.
So that relocation is going tocause some type of strain on
their income at some point intime.
Most of the time it's causingit at that time, but the
(07:59):
investment is moving to that newplace and getting that new job.
Retirement is also atransitional season because
you're going from probablyfull-time employment into
retirement.
You also have some unexpectedlife situations that can cause
you to be in a transitionalseason.
That can be when a partnerpasses away, a partner or a
(08:24):
spouse when they're no longerthere with you, when you're
going through a divorce.
It could also be when you havenatural disasters.
So people who live in I'm inCalifornia also live down in
Mississippi and Florida.
You get natural disasters downthere, like your hurricanes, you
have fires here in California.
Here in California, there's alltypes of different natural
(08:47):
disasters that can cause strainson your income and on your
pockets because of what they'recausing at that time.
We all remember Katrina.
I can remember that, like itwas yesterday.
That wasn't a financial strainfor me, but for lots of people
who lost their homes during thattime, that was a transitional
season.
The people who went through thefires here in California, who
have lost their homes because ofthe fires, that's a
transitional season that they'renow being put into.
(09:09):
So, as you see, transitionalseasons they can be caused
unexpectedly or it can besomething that was expected.
The one thing that I can sayfrom my experience because I was
just in this season Okay,trenches, okay.
The one thing that I can sayabout in this season this is
(09:30):
where, if it hasn't already setin, depression can hit you the
worst, because you feel like youat the bottom, because you're
going through whatever thistransition is in your life and
you're not where you need to be,or you you've come off from
where you were or where youthought that you needed to be,
down to this transitional period.
It's a time where you got toget your mind right.
(09:53):
You got to get yourselftogether.
You got to get the planning,the goal.
All of the things need to beworking together for your good.
Okay, and the thing that I cansay about my transitional season
I am one of the most positivepeople.
I encourage everybody.
Um, positivity is my secondstrength on strength finders.
(10:15):
But this last transitionalseason that I just went through,
even though I've been throughthis before in my divorce, this
one was the hard one.
This was the one that broughton the depression.
This was the one I told myselfin the beginning.
You know what you've beenthrough this before you could do
it this time.
This time, there was a biggerlesson at play.
God was trying to do some stuffand stir some stuff up inside
(10:37):
of me during this lasttransitional season, because I
could not pick myself up I'mtalking about in the bed
couldn't, didn't want to get outthe bed I mean just laying down
, going to sleep.
I just couldn't do it.
I couldn't do it and I knowwhat to do.
So this is the reason why Iwant to talk about this.
(10:58):
Even as a person who guidesothers, who knows what to do, I
still got down and was so downand out about that transitional
season that I couldn't even getmyself up, even with knowing
what to do.
So it's important when you're ina transitional season, the way
that you find hope, the actionthat you can do is you got to
(11:22):
get in front of some people,okay you, you got to tell people
what's going on.
And one thing about me, becauseI'm not good at asking people
for help, I'm not good at askingpeople to like I talk.
So I have my people that I talkto and and they know, and I was
able to get it out there anddump.
But I wasn't able to go deeperbecause I'm the friend that
(11:45):
helps everybody else and it'snot like they're requiring me to
.
I'm just that person.
I've been that person since Iwas a kid.
I was the person that when meand my mom would, I was, oh,
girl, you good, making sure, youfine.
I felt like I was a protectorover my mom versus her, like I'm
sure she felt like she was aprotector over me, but I felt
the other way around.
(12:05):
I've always been like that.
So transitional seasons havealways been hard for me because
I feel like I should, Ishouldn't be here, I should do
this, or, if I am here, I'mgoing to get right out.
But sometimes it's not made foryou to get right out.
There's lessons, there's stuffthat you're supposed to be
learning that is preparing youfor the next season in your life
(12:25):
, and so if I could provide anyhope while you're in a
transitional season, let this bea guiding light.
Ok, at this particular pointthis is when you are Dora the
Explorer you are trying tofigure out, ok, what is that
next thing?
You are learning resilience inyour transitional season you now
(12:46):
have to cut back.
Okay, you got to adapt towhatever this new income,
whatever this new lane is, sothat you can get yourself
together, so that you can buildyourself up for the new
opportunities that are going tobe coming to you.
So we're not going to let thisis the thing I'm going to say
now that I'm out of this becauseit took me a second, y'all.
It took me a second.
(13:09):
If you're in a transitionalseason right now, I understand
it's a challenge.
Okay, you want to pull from thebook of cuss all the time, I
understand.
But the one thing I'm going totell you and I'm going to offer
you is that when you are able toget up when you are able to
open your eyes and think clearlyand not want to just go back to
(13:32):
sleep when you're thinking andsaying today is my day.
I'm going to get up, because Iknow that there's a lot of days
that you say that to yourself.
What I want you to do isremember your faith.
What is that faith?
What is your why?
Because that's what pulled meout.
I saw myself in the bed so muchand I saw myself down so much
(13:53):
that I was just like, okay, sowhat the kids gonna do?
How am I what?
What they gonna do if I don'tget up?
What, what?
What where they gonna be at ifI don't get up?
And and then I also had toremember you got goals.
Okay, we are not about to letlife punk us For some reason,
because competition is my numberfour strength.
It's me against me.
We are not about to let lifepunk us.
(14:14):
God is getting us through thisbecause I'm a spiritual person,
so you believe in whoever youwant to believe.
God's going to get us throughthis.
And how dare me have theaudacity to believe that
whatever I'm going through inthis transitional season is too
big for God to move me out.
So I had to get that in me.
I had to get so mad and I alsohad to.
Once again, you got to believein yourself that you are moving
(14:37):
through this transition and youare here for a reason and you're
going to get out of this andyou're going to get a chance to
have a testimony at the end ofthis.
And so some steps when you arein this transitional season, you
got to seek a guide.
You need somebody.
You need somebody to guide you.
May I'm sorry, let me not telly'all what y'all need.
Okay, let me, let me take thatback.
(14:58):
You may want a guide?
Hello, okay, mindfullyrichcom,check me out.
Okay, but you may need afinancial guide.
You may need some financialguidance podcasts online, your
YouTubes Everybody and theirmama talk about money, right?
Okay?
Now, of course, I would prefery'all to get y'all information
(15:19):
from here, but everybody andtheir mama is talking about it.
So you're going to have to shiftthrough all of those different
things that that are out therethat can help you in your
particular situation.
For whatever your particularneed is, You're going to have to
find your resources.
What are those resources thatcan assist you in the season
that you're in.
(15:39):
I don't know what thoseresources need to look like for
you, because we're all unique,but when you're in a
transitional season, you got tosearch for them.
You got to search and you'regoing to know what you need.
So if it's a guy, I ammindfullyrichcom period Been
doing this for 17 years, what'sup?
Okay, if not me, somebody Justto make sure that you're getting
(16:03):
through that transitionalseason.
I feel like I spent a lot oftime on that one y'all.
It's going to be a long episode.
All right, we got to move on tothe next season Building season.
Okay, bob, to build a season,that's what we're going to call
this one.
Okay, yes, I like a buildingseason.
Just because a building seasonis all right.
(16:24):
We've gotten over the hump ofthe transition, right.
So now we're building.
Now we are almost where we wantto be.
We ain't at the finish line yet.
We still on the journey, but weare transitioning.
Maybe we are starting a new job.
Maybe we got the business goingand we're finally bringing
income in.
Maybe we just got married.
Maybe we have think of somethings that you could build.
(16:48):
Okay, those are all theexamples I got at this
particular point.
So when you're in that buildingseason.
What you're trying to do is,your focus is now on how do I
continue to either increase,because you're building more,
cause I mean, of course, whenwe're building something, we
want more.
So am I building to to buildmore?
How do I get more?
What does more even look like?
(17:09):
And what are we building?
Are we building our income?
Are we building our savings?
Are we paying off debt?
What are we doing?
What foundations are we tryingto lay here?
Right, because in transitionalseason we ain't got no
foundation, we pretty muchthrowing spaghetti at the wall,
okay, but in building season, webuilding that foundation so
that we can get and secure ourstability.
(17:31):
Okay, that's what we doing.
That's what we doing in thatbuilding season, and so this one
is a little bit better.
It's not as down as thetransitional, but I feel like
there's something to be said forthat transitional period, just
just because you working themuscles Okay, you working the
muscles up, and so in the in thebuilding season, you seeing the
(17:51):
muscles come through, but youcontinuing to build them, okay,
oh, that's a good analogy.
I did that, yes, okay, and soin a building season, for the
most part, your hope is comingfrom seeing all right, I didn't.
Went from transition to build.
So of course, you're feelingpretty good, you're inspired by
that, right.
But in a building season, youalso need to make sure that you
(18:14):
are keeping those smart goalswith you, just because in
transition, yes, you start smartgoals there, but I feel like
you're really working on yoursmart goals in the building
season, because when you'rethrowing spaghetti at the wall,
it's hard to even keep up with asmart goal.
It's like I need everythingright now, like JG Wentworth.
Okay, that's what.
That is okay.
(18:35):
And so you got to remember tohone in on your smart goals.
And when you're doing a smartgoal if you haven't been
listening to the beginningepisodes your smart goals you
got to make sure that you aresetting the goal what is
actually having, what the goalis, determine what that
measurement is going to be forthat goal, also reviewing it so
(18:56):
you can make sure that it'srealistic.
Because we don't setunrealistic goals over here at
the Mindfully Rich Podcast.
Everything got to be realistic,okay.
So we don't set unrealisticgoals over here at the Mindfully
Rich podcast.
Everything got to be realistic,okay.
So we don't even want to playwith ourselves like that, all
right.
And, lastly, you got to put atime frame on it, because that's
what helps you get moving withyour goal, and when you're in a
building season, that's the besttime to make sure that you have
(19:16):
some realistic time frames.
Once again, a guide may behelpful in this particular
season.
I am mindfullyrichcom.
Book your girl, what's up, okay.
Or whomever you decide to getwith.
Continuing to do your research,continuing to be a student of
(19:38):
financial literacy and wellnessthat's the thing.
Finances, money of financialliteracy and wellness that's the
thing.
Finances, money all of thethings are changing.
They're continuously changing.
You got to always stay up todate, rely on it for yourself
and do your research so that youcan understand who full of it,
who actually telling the truth.
And this is the thing whenyou're listening and when you're
in taking financial information, even here on the mindfully
(19:59):
rich podcast, even I'm look.
Uh, I'm it, I'm the girl.
Okay, eat the meat, spit outthe bones, whatever pertains to
you, you may have to take in abunch of things to make sure
that it can.
It can fit for your particularsituation.
Okay, all right, we're gonnakeep these seasons going.
So we talked about transitionalseason, building season.
(20:21):
Then we got a growth season.
Okay, man, let me tell you whatgrowth seasons be the bomb.
Okay, I can remember my lastone.
I'm in a new one.
I feel like this is the thingand it's like I'm, I'm, I'm one
of, I'm one of God's strongestsoldiers.
I've already just determinedthat because nothing I've done
(20:43):
in life has been easy.
Nothing, I mean nothing.
I wish that it was.
Now I have certain things thathave been easier than others,
like personality wise.
I get along, I buildrelationships really good.
That's been something that'seasy for me, just because that's
natural to me.
But when I'm talking about lifeas a whole, life done through so
(21:04):
many curve balls at me from theyouth, okay, I'm just like
everything I do.
I feel like when I'm in jobs,like in my past, when I'm in
jobs, I'm coming up with thedifferent things that need to be
done.
I'm never just walking intothis is what you're supposed to
do, or this is this is what yougot to do, or if I'm in
relationships, it's just forlike, it's so hard.
(21:25):
I'm just like dang, why, why?
Why?
Me God was like you're one ofmy strongest soldiers, we're
going to give you these battles.
And so, because I know that Iknow that I go through these
different seasons so that I canbe a testimony to others, so
that I can be a witness and telly'all hey, all right, while I
(21:46):
was going through this season,this is what God did for me
because, child, it's a lot ofprayer, it's a lot of prayers, a
lot.
It's a lot of crying.
It's a lot.
It's a lot going on duringthese seasons.
But the one thing that I can say, when you are in a growth
season, you are seeing thosesignificant increases, because I
just talked about when you'reincreasing your income, building
your savings, when you'repaying off debt, when you are
(22:09):
starting to look for otherinvestment ways to build your
wealth.
Right, did I say that right?
Yep, I said it right, I had togo back, I had to play in my
head.
I said that right, because whenyou're in a growth season, it's
like oh wow, you know I'mfinally in a place where I'm not
in survival mode.
You're not in survival modeanymore.
(22:29):
You're not throwing spaghettiat the wall, you're not feeling
like I can't do anything.
You're not just sitting aroundjust eating tuna all day, unless
tuna is what you want to eat.
You know, tuna is what you wantto eat, you know, but normally
in transitional seasons you'd bereduced down to the tuna or the
rice, the beans, the meals thatdon't cost a lot, okay, but in
a growth season you're notnecessarily there.
(22:51):
So in a growth season you'reable to start thinking about how
can I expand my investments?
How can, how can I pursue otherthings?
What else is there to achieveout there?
What other financial milestonesdo I want to do?
You get a chance to make thosedecisions like that, even if
it's I'm going into a home, I'mgoing into purchasing a home, I
(23:14):
can start a family, I can startthe business, I can do all of
these different things becauseyou've placed yourself back into
, or you place yourself in, astable situation.
I celebrated with one of myclients today because when we
first started meeting, she wasin a transitional season and I
can remember and this was andI'm so excited because this was
(23:34):
in August when we first startedour sessions.
Let me see what is this.
That was August, september,october, november, december,
january, february, march.
Oh, okay, seven months, yeah.
So it's like it took her awhile, but it's like to see the
growth season that she's in andnow we're talking about.
(23:55):
All right, what are we going todo investment wise?
And how are our?
How is retirement?
How are all of these?
We get a chance to look atthose different things, and I'm
so excited because she is aboutto purchase an investment home,
just because she feels that thisis what she wants to do for her
particular investments.
And that's the thing when itcomes to investments, and I hate
when people try to box it allin like it's just one that you
(24:18):
make investments, it's just this.
No, it's not.
It's different for everyone.
And so I'm super excited to seemy client, just because to see
someone go from thattransitional period into that
building period, into thatgrowth, oh it just, it just
continues to motivate me.
And that's the thing I loveabout getting a chance to meet
with different people and seeingdifferent people's journeys and
(24:39):
knowing their stories and justknowing that people can do it.
Like I have that unequivocal,unequivocal faith that it can
happen, just because I coach somany people and guide them
through those differentsituations and see that all the
time.
And so I'd be like, yes, so I'dbe, I'd be cheerleading.
So in a growth season, becauseyou're now into a more stable
(25:03):
position for the most part, yourhope is up because you're
seeing progress.
It's like you're watching yourgains at this particular point,
right?
You're motivated because you'regetting a chance to see the
stability that you were able tobuild and see your finances
working for your good.
So here you're, making surethat everything is continuing to
work the way that you need itto still continuing with those
(25:26):
smart goals and moving to thenext level.
What does next level look likewhen you're in that growth
season?
So thinking about how do I moveup?
What does that?
I spoke earlier.
I said your investments, andwhen we talk about investment,
you can invest in quite a fewthings.
Right, retirement.
What does that look like?
Cause you're not going to workall your life and most of the
(25:46):
time, most people are investingso that they can invest for the
future.
What would future self lovethat?
If you did this right now, it'sgoing to take care of them
later.
You're doing that when you'rein your growth season.
Okay, all right, time out.
We loving this, right, I amOkay, all right, so let's go
(26:11):
here.
We got two more seasons, so wegot to move on to your
maintenance season and so, justlike in your growth season,
maintenance here is.
You've achieved that stability.
Like I said, you are focusing onpreserving and managing the
wealth, or you are wealthbuilding.
At this particular time, youare ensuring that everything is
right, like you're checking upon everything You've been doing
(26:33):
good, you don't want to fall offfrom here, okay, but this is
the thing, and this is the thingright.
People do it.
It happens because, once again,you got to remember what causes
us to go into transitionalseasons I just talked about.
You have expected andunexpected ways that we go into
these transitional seasons.
So I'm hoping that, when you'rein your growth and when you're
(26:53):
in your maintenance season, thatyou are paying attention to
what your finances are lookinglike, what the debt is looking
like, what your savings, yourinvestments, what everything is
looking like, so that way it canprepare you in the case if
something were to happen and youneeded to go through a
transitional season.
That transitional season fromwhat you do in your growth and
(27:15):
your maintenance season are allgoing to determine what that
transitional season will looklike if you were to ever go
through something like that,because there are so many
different causes expected andunexpected as to why we go
through that.
Well, we, we I'm going to callit fall for right here, I don't,
I don't, yep, I wanted to makesure that that was the word I
(27:35):
wanted to use while we fall andwhat happens.
So, in your maintenance season,it is important that that
planning, that financialplanning, that holistic
financial planning all aroundneeds to be a part of your
maintenance season, ensuringthat everything is on the up and
up.
Do I have enough saved?
What would retirement look like?
Okay, do I have kids?
(27:56):
Are we planning on having kids?
Do we have enough money to payfor the things that we need to
pay for Debts?
Do we still have debts?
What does that look like?
Those debt repayment plans,things of that sort?
Okay, homes, if we have homes,what is that looking like?
Do we have enough money forfixtures and things of that sort
?
Do we have emergency savingssaved up?
Three to six months, all ofthose different things you are
(28:19):
doing in that maintenance seasonbecause you are looking at
long-term financial goals atthis particular point, okay, and
so I don't really, in thegrowth season, I'm not going to
do the same like with the hopeand with the practical steps,
because I've kind of alreadygiven the practical steps,
because you are looking, you arelooking after your long-term
(28:39):
financial planning goals at thatparticular point, because
you're stable.
How do we stay stable?
That's what you're doing whenyou're in your maintenance
season.
My apologies, I had to take asip of water.
Okay, and that last season isyour harvest season?
Okay, you just reaping yourrewards.
I got a client right now.
(29:01):
Man, I love talking to himbecause reaping I'm talking
about man, somebody that's justreaping rewards and just out
here chilling.
No mortgage paid off, theymortgage.
All they got is just a coupleof credit cards.
Out here in this world Justchilling.
Okay, money is stacked forretirement.
They good to go.
(29:21):
They just enjoying life anddoing all of the things that
they want to do, pursuing alltraveling hobbies I mean all of
the things Preparing well forthe future for their grandkids,
grandkids, grandkids.
They doing all of thosedifferent things.
And so in a harvest seasonharvest season is what we all
aspire to be in.
(29:42):
Now it comes to us in differentphases of our life.
That could be something when weget older and older and
subjective I don't know whatolder looks like for y'all Okay,
I would love to be in harvestno later than five years from
now.
Okay, that's, I would.
I would love to be in harvestno later than five.
Okay, cause I just feel like Iserve a big God because I had
(30:02):
been one of the strongestsoldiers for a long time.
That that's going to be myblessing.
Okay, and so those are yourdifferent seasons.
I want to make sure that I saythat again.
So you have your transitionalseason, your building season,
growth, maintenance and yourharvest season, and there are
different things that arehappening in those different
(30:22):
seasons that we've discussed,and there's different levels of
hope.
There's different levels ofactions for you to do and for
you to accomplish.
When you're in those seasons,and as you got a chance to see
that transitional and thatbuilding season, those can be
your tougher seasons than whatyour growth, maintenance and
what your harvest season canlook like.
(30:44):
And so this message isbasically just to let you know
you're not the only one.
People go through this all thetime.
There are so many different,expected and unexpected ways
that we go through financialseasons.
The one thing that I can say asa whole planning your smart
goals, ensuring that you arecontinuing to understand and be
(31:05):
very mindful of where you standLike when we talk about finances
, it is financial literacy, butwhen we're talking about this.
We want you to understand whereyou stand, because finances,
when they're impacted, everyother aspect of your life is
impacted.
If you ain't got the money,unfortunately, we live in an
expensive world.
The cost of living is expensive.
(31:25):
We honestly don't have time tobe sad.
We don't even have time to bedepressed, but we're still going
to do it.
I get it.
I understand we are, but wefall down, but we got to get on
back up, all right.
And if you're trying to get backup and you need a guide to get
you to where you need to go, Iam your girl.
Okay, check out my website.
I am mindfully richcom.
(31:47):
If you need a financial guideto ensure that you are talking
to someone, where am I at rightnow, girl?
What do we need to do?
That's the one thing.
When I talk about guiding, Ialways like to make sure that
we're being very real.
Any of my clients will let youknow.
Anywhere that I educate, any ofthe clients that I have,
they'll let you know I am veryreal.
(32:08):
I give you very realinformation.
Some things are going to befaster than others.
Some things are going to be amarathon for you and you're
going to get tired of it, but aslong as you stick to the plan,
you are going to get to whereyou're going to be.
I have had to rebuild and reap.
I was trying to think ofanother word.
I've had to rebuild myself afew times and I've done it
(32:31):
before.
I'm going to do it again.
And if I got to go through itagain, because I know I'm one of
God's strongest soldiers, guesswhat?
Your girl going to do it?
Okay, all right, y'all, this isa long episode and yeah, that's
it.
I don't want to start ramblingtoo much, um, and so make sure
y'all listen, listen, listen.
For those of those of y'allthat are new, go back and listen
(32:51):
to some old episodes.
You got 124 more.
Go ahead and listen to them.
I want y'all to start loving me, loving hearing my voice.
Come back next week for thenext episode, okay, and share,
share, share, share, share.
Share this with someone that isin one of those seasons, and
this is the thing you don't knowwhat season they may be in.
Right, you might, but you mightnot.
So share with everybody.
(33:12):
That's why I said that Share,share, share, because y'all my
marketing team.
Okay, all right, that's it.
I want y'all to live lifemindfully and on purpose, and
until next time when I hit y'allwith another one.
Hello, hello and welcome back to the Mindfully
Rich podcast, your weekly lookat life in finances with a twist
, where we talk about improvingyour overall relationship with
money and 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
(00:21):
lane so you won't end up broke.
I'm the creator and host, ginaRitchie Richardson.
Now let's jump into today'sconversation.
What's up y'all?
I'm back, I'm back.
Oh, it feels so good.
And so today I have such a greatepisode for y'all, but I got to
get it started by talking aboutfinancial literacyacy Month.
(00:44):
So April is National FinancialLiteracy Awareness Month and, of
course, with me being afinancial guide, being a
certified financial educator,coach and counselor, doing all
of the financial money financethings out here in these streets
, it wouldn't be right if Ididn't have some type of topic
(01:04):
that would draw all of y'all into make sure that all y'all
getting y'all literacy up.
Okay, and so that's just what Idid for today's episode, and so
a lot has happened.
I can go into all of that, justbecause I want to start this
month off with a positive andstarting on a positive note with
a great episode and starting ona positive note with a great
(01:25):
episode.
So the one thing that I want todo because y'all know, for
everybody that's been ridingwith me for the longest, y'all
know I love to start withgratitude.
So thank you, thank you, thankyou to everyone for all of the
listens, all of the shares,regardless if I'm on or not.
Child, y'all be listening andy'all marketing.
Okay.
So make sure y'all continue toget these episodes out into the
(01:47):
world.
I truly appreciate it.
I appreciate y'all ride with mefor y'all, like all of the
uplifting, that's all I can say,just because when I'm not here,
I still feel your presence, Istill feel the messages, all of
the things.
Just want to say thank you tothat.
And so y'all know I've beentalking about in the beginning
of the year with the episodes.
(02:07):
I'm talking about you winningwith your money and your
finances in 2024.
And I want this podcast toalways be a guide for you.
That's the reason why I createdit back in March.
Oh my God, I missed it.
Y'all, my podcastversary.
Oh my goodness, I can't evenbelieve it.
I just realized it as I'msitting here talking.
(02:31):
Oh my goodness.
So back in 2020, when I createdthis podcast, it has been.
Is it four years now?
It's been four years, wow.
So back when I created thispodcast, I wanted this to be
kind of a beacon of hope.
I wanted this to be a guide.
I wanted this to be likedigestible content to help you
with your money and finance, andit hasn't changed from that,
(02:54):
although I've had my ups, I'vehad my downs.
Y'all have gotten a chance tosee real life happening to me,
with the stops, the pauses, thedifferent things, seeing my ups
and seeing my downs, and so thisis real life.
But I just I just had aconversation with my friends
(03:14):
because, for those of y'allthat's been here since the
beginning, you remember I was ona consistency challenge, and so
I've been challenged again, andso the one thing that I can say
is that when you're doingsomething for a long period of
time, please know I love doingthis podcast.
Love it.
Okay, I could talk about moneyand finance all the time, right,
(03:37):
but when life be lifing, it'shard finding that motivation to
get up, and so I found thatmotivation to get up.
I've been in therapy for a goodminute now.
Things have been going reallywell just because I had to get
my mind right.
You know I think I've talkedabout this before when your mind
not right, you not right, yourfinance is not right, mentally
(03:57):
you're not right, everythingjust ain't right, okay.
And so I haven't been right fora little bit, and so I haven't
been right for a little bit, andso I did have to get in therapy
and I did have to do someself-care with myself just so I
can get myself together.
And so the one thing I realizedis, no matter how much I try to
fake it or try to act likethings are cool, I got to give
myself that time.
And so that's what I've beendoing.
(04:18):
I've been giving myself thattime, but in that time, I have
been working on some things, andas I'm able to share and as I'm
able to launch and do thethings I need to do so I can get
it out into the world so thaty'all can take part in it, I
will be letting y'all know.
And so let's go ahead and moveinto our Mindful Money moment.
And y'all, I am super excitedFor those of y'all that's been
(04:41):
rocking with me since 2020,.
You know how we started thepodcast, where I would take a
song title and use that as theinspiration for our topic point
for the episode.
And I haven't had one of thesein a long time, and so if I had,
like some horns noises, okay,that's what y'all would hear,
because I'm super excitedbecause I got one today.
And so today we are going totalk about finding your way
(05:06):
through the different financialseasons, right, okay, okay, what
song is it?
Go ahead, y'all say it out loud.
Okay, jaheim, finding my wayback.
Yes, I know, yo, please excuseme.
First episode back.
I'm excited.
So let's go ahead and talk aboutthese seasons, and so I want to
(05:28):
reiterate that, because it isfinancial literacy month,
normally you hear people talkingabout your traditional topics
your budgeting, your credit,your home buying, identity theft
, spending money, managing money, things like that.
I want to talk about somethinga little deeper, because I'm a
Capricorn, and so I like to digon in there.
(05:48):
Okay, side note for all myastrology people Okay, I just
found out that six of my housesare Capricorn.
So when people be trying totell me I'm on the cusp because
I'm the last day of Capricorn,I'm a full Capricorn.
Just let y'all know.
Also, I want to make sure thaty'all know the Lord is my savior
, okay, yes, I am one of thosegirls who know what my Zodiac is
(06:09):
, but the Lord is my savior,okay.
Okay, just want to make surethat we all clear, but let's go
ahead and get into these seasons.
And so I wanted to talk aboutthese seasons because I have a
broad range audience, so I havefrom the youth all the way on up
to the elders, and the onething that I thought about for
financial literacy month isstarting at the beginning and
(06:31):
understanding differentfinancial seasons, because I
don't believe that this issomething that's talked about,
but I know it's something that'sshown.
And so, when we're talking aboutseasons, a transitional season
is probably the one that hurtsthe most.
And the reason why atransitional season hurts the
most is because something isshifting, something has happened
(06:53):
that is making you either be ina space where your income is
limited, your income has run outor you are moving up, but you
don't know exactly when thatincome is coming in.
And so some of these examplesof that is when you're
graduating from college.
You haven't gotten to a job yet, but you know you got the
(07:14):
degree, but you're going to bemoving into your career at some
point.
Also, when you lose a job, whenyou get, when there's a
downsize or you get laid off,when you go from full time to
part time, for whatever reason,you go from full time to
self-employed, when you'rerelocating on your own and it's
not due to the purpose of a jobor a job has relocated you.
(07:38):
Sad note I want to stop there,because a lot of people do
relocate for jobs.
Some of them move because thejob is moving them, but in a lot
of cases they're paying forthat relocation.
So that relocation is going tocause some type of strain on
their income at some point intime.
Most of the time it's causingit at that time, but the
(07:59):
investment is moving to that newplace and getting that new job.
Retirement is also atransitional season because
you're going from probablyfull-time employment into
retirement.
You also have some unexpectedlife situations that can cause
you to be in a transitionalseason.
That can be when a partnerpasses away, a partner or a
(08:24):
spouse when they're no longerthere with you, when you're
going through a divorce.
It could also be when you havenatural disasters.
So people who live in I'm inCalifornia also live down in
Mississippi and Florida.
You get natural disasters downthere, like your hurricanes, you
have fires here in California.
Here in California, there's alltypes of different natural
(08:47):
disasters that can cause strainson your income and on your
pockets because of what they'recausing at that time.
We all remember Katrina.
I can remember that, like itwas yesterday.
That wasn't a financial strainfor me, but for lots of people
who lost their homes during thattime, that was a transitional
season.
The people who went through thefires here in California, who
have lost their homes because ofthe fires, that's a
transitional season that they'renow being put into.
(09:09):
So, as you see, transitionalseasons they can be caused
unexpectedly or it can besomething that was expected.
The one thing that I can sayfrom my experience because I was
just in this season Okay,trenches, okay.
The one thing that I can sayabout in this season this is
(09:30):
where, if it hasn't already setin, depression can hit you the
worst, because you feel like youat the bottom, because you're
going through whatever thistransition is in your life and
you're not where you need to be,or you you've come off from
where you were or where youthought that you needed to be,
down to this transitional period.
It's a time where you got toget your mind right.
(09:53):
You got to get yourselftogether.
You got to get the planning,the goal.
All of the things need to beworking together for your good.
Okay, and the thing that I cansay about my transitional season
I am one of the most positivepeople.
I encourage everybody.
Um, positivity is my secondstrength on strength finders.
(10:15):
But this last transitionalseason that I just went through,
even though I've been throughthis before in my divorce, this
one was the hard one.
This was the one that broughton the depression.
This was the one I told myselfin the beginning.
You know what you've beenthrough this before you could do
it this time.
This time, there was a biggerlesson at play.
God was trying to do some stuffand stir some stuff up inside
(10:37):
of me during this lasttransitional season, because I
could not pick myself up I'mtalking about in the bed
couldn't, didn't want to get outthe bed I mean just laying down
, going to sleep.
I just couldn't do it.
I couldn't do it and I knowwhat to do.
So this is the reason why Iwant to talk about this.
(10:58):
Even as a person who guidesothers, who knows what to do, I
still got down and was so downand out about that transitional
season that I couldn't even getmyself up, even with knowing
what to do.
So it's important when you're ina transitional season, the way
that you find hope, the actionthat you can do is you got to
(11:22):
get in front of some people,okay you, you got to tell people
what's going on.
And one thing about me, becauseI'm not good at asking people
for help, I'm not good at askingpeople to like I talk.
So I have my people that I talkto and and they know, and I was
able to get it out there anddump.
But I wasn't able to go deeperbecause I'm the friend that
(11:45):
helps everybody else and it'snot like they're requiring me to
.
I'm just that person.
I've been that person since Iwas a kid.
I was the person that when meand my mom would, I was, oh,
girl, you good, making sure, youfine.
I felt like I was a protectorover my mom versus her, like I'm
sure she felt like she was aprotector over me, but I felt
the other way around.
(12:05):
I've always been like that.
So transitional seasons havealways been hard for me because
I feel like I should, Ishouldn't be here, I should do
this, or, if I am here, I'mgoing to get right out.
But sometimes it's not made foryou to get right out.
There's lessons, there's stuffthat you're supposed to be
learning that is preparing youfor the next season in your life
(12:25):
, and so if I could provide anyhope while you're in a
transitional season, let this bea guiding light.
Ok, at this particular pointthis is when you are Dora the
Explorer you are trying tofigure out, ok, what is that
next thing?
You are learning resilience inyour transitional season you now
(12:46):
have to cut back.
Okay, you got to adapt towhatever this new income,
whatever this new lane is, sothat you can get yourself
together, so that you can buildyourself up for the new
opportunities that are going tobe coming to you.
So we're not going to let thisis the thing I'm going to say
now that I'm out of this becauseit took me a second, y'all.
It took me a second.
(13:09):
If you're in a transitionalseason right now, I understand
it's a challenge.
Okay, you want to pull from thebook of cuss all the time, I
understand.
But the one thing I'm going totell you and I'm going to offer
you is that when you are able toget up when you are able to
open your eyes and think clearlyand not want to just go back to
(13:32):
sleep when you're thinking andsaying today is my day.
I'm going to get up, because Iknow that there's a lot of days
that you say that to yourself.
What I want you to do isremember your faith.
What is that faith?
What is your why?
Because that's what pulled meout.
I saw myself in the bed so muchand I saw myself down so much
(13:53):
that I was just like, okay, sowhat the kids gonna do?
How am I what?
What they gonna do if I don'tget up?
What, what?
What where they gonna be at ifI don't get up?
And and then I also had toremember you got goals.
Okay, we are not about to letlife punk us For some reason,
because competition is my numberfour strength.
It's me against me.
We are not about to let lifepunk us.
(14:14):
God is getting us through thisbecause I'm a spiritual person,
so you believe in whoever youwant to believe.
God's going to get us throughthis.
And how dare me have theaudacity to believe that
whatever I'm going through inthis transitional season is too
big for God to move me out.
So I had to get that in me.
I had to get so mad and I alsohad to.
Once again, you got to believein yourself that you are moving
(14:37):
through this transition and youare here for a reason and you're
going to get out of this andyou're going to get a chance to
have a testimony at the end ofthis.
And so some steps when you arein this transitional season, you
got to seek a guide.
You need somebody.
You need somebody to guide you.
May I'm sorry, let me not telly'all what y'all need.
Okay, let me, let me take thatback.
(14:58):
You may want a guide?
Hello, okay, mindfullyrichcom,check me out.
Okay, but you may need afinancial guide.
You may need some financialguidance podcasts online, your
YouTubes Everybody and theirmama talk about money, right?
Okay?
Now, of course, I would prefery'all to get y'all information
(15:19):
from here, but everybody andtheir mama is talking about it.
So you're going to have to shiftthrough all of those different
things that that are out therethat can help you in your
particular situation.
For whatever your particularneed is, You're going to have to
find your resources.
What are those resources thatcan assist you in the season
that you're in.
(15:39):
I don't know what thoseresources need to look like for
you, because we're all unique,but when you're in a
transitional season, you got tosearch for them.
You got to search and you'regoing to know what you need.
So if it's a guy, I ammindfullyrichcom period Been
doing this for 17 years, what'sup?
Okay, if not me, somebody Justto make sure that you're getting
(16:03):
through that transitionalseason.
I feel like I spent a lot oftime on that one y'all.
It's going to be a long episode.
All right, we got to move on tothe next season Building season.
Okay, bob, to build a season,that's what we're going to call
this one.
Okay, yes, I like a buildingseason.
Just because a building seasonis all right.
(16:24):
We've gotten over the hump ofthe transition, right.
So now we're building.
Now we are almost where we wantto be.
We ain't at the finish line yet.
We still on the journey, but weare transitioning.
Maybe we are starting a new job.
Maybe we got the business goingand we're finally bringing
income in.
Maybe we just got married.
Maybe we have think of somethings that you could build.
(16:48):
Okay, those are all theexamples I got at this
particular point.
So when you're in that buildingseason.
What you're trying to do is,your focus is now on how do I
continue to either increase,because you're building more,
cause I mean, of course, whenwe're building something, we
want more.
So am I building to to buildmore?
How do I get more?
What does more even look like?
(17:09):
And what are we building?
Are we building our income?
Are we building our savings?
Are we paying off debt?
What are we doing?
What foundations are we tryingto lay here?
Right, because in transitionalseason we ain't got no
foundation, we pretty muchthrowing spaghetti at the wall,
okay, but in building season, webuilding that foundation so
that we can get and secure ourstability.
(17:31):
Okay, that's what we doing.
That's what we doing in thatbuilding season, and so this one
is a little bit better.
It's not as down as thetransitional, but I feel like
there's something to be said forthat transitional period, just
just because you working themuscles Okay, you working the
muscles up, and so in the in thebuilding season, you seeing the
(17:51):
muscles come through, but youcontinuing to build them, okay,
oh, that's a good analogy.
I did that, yes, okay, and soin a building season, for the
most part, your hope is comingfrom seeing all right, I didn't.
Went from transition to build.
So of course, you're feelingpretty good, you're inspired by
that, right.
But in a building season, youalso need to make sure that you
(18:14):
are keeping those smart goalswith you, just because in
transition, yes, you start smartgoals there, but I feel like
you're really working on yoursmart goals in the building
season, because when you'rethrowing spaghetti at the wall,
it's hard to even keep up with asmart goal.
It's like I need everythingright now, like JG Wentworth.
Okay, that's what.
That is okay.
(18:35):
And so you got to remember tohone in on your smart goals.
And when you're doing a smartgoal if you haven't been
listening to the beginningepisodes your smart goals you
got to make sure that you aresetting the goal what is
actually having, what the goalis, determine what that
measurement is going to be forthat goal, also reviewing it so
(18:56):
you can make sure that it'srealistic.
Because we don't setunrealistic goals over here at
the Mindfully Rich Podcast.
Everything got to be realistic,okay.
So we don't set unrealisticgoals over here at the Mindfully
Rich podcast.
Everything got to be realistic,okay.
So we don't even want to playwith ourselves like that, all
right.
And, lastly, you got to put atime frame on it, because that's
what helps you get moving withyour goal, and when you're in a
building season, that's the besttime to make sure that you have
(19:16):
some realistic time frames.
Once again, a guide may behelpful in this particular
season.
I am mindfullyrichcom.
Book your girl, what's up, okay.
Or whomever you decide to getwith.
Continuing to do your research,continuing to be a student of
(19:38):
financial literacy and wellnessthat's the thing.
Finances, money of financialliteracy and wellness that's the
thing.
Finances, money all of thethings are changing.
They're continuously changing.
You got to always stay up todate, rely on it for yourself
and do your research so that youcan understand who full of it,
who actually telling the truth.
And this is the thing whenyou're listening and when you're
in taking financial information, even here on the mindfully
(19:59):
rich podcast, even I'm look.
Uh, I'm it, I'm the girl.
Okay, eat the meat, spit outthe bones, whatever pertains to
you, you may have to take in abunch of things to make sure
that it can.
It can fit for your particularsituation.
Okay, all right, we're gonnakeep these seasons going.
So we talked about transitionalseason, building season.
(20:21):
Then we got a growth season.
Okay, man, let me tell you whatgrowth seasons be the bomb.
Okay, I can remember my lastone.
I'm in a new one.
I feel like this is the thingand it's like I'm, I'm, I'm one
of, I'm one of God's strongestsoldiers.
I've already just determinedthat because nothing I've done
(20:43):
in life has been easy.
Nothing, I mean nothing.
I wish that it was.
Now I have certain things thathave been easier than others,
like personality wise.
I get along, I buildrelationships really good.
That's been something that'seasy for me, just because that's
natural to me.
But when I'm talking about lifeas a whole, life done through so
(21:04):
many curve balls at me from theyouth, okay, I'm just like
everything I do.
I feel like when I'm in jobs,like in my past, when I'm in
jobs, I'm coming up with thedifferent things that need to be
done.
I'm never just walking intothis is what you're supposed to
do, or this is this is what yougot to do, or if I'm in
relationships, it's just forlike, it's so hard.
(21:25):
I'm just like dang, why, why?
Why?
Me God was like you're one ofmy strongest soldiers, we're
going to give you these battles.
And so, because I know that Iknow that I go through these
different seasons so that I canbe a testimony to others, so
that I can be a witness and telly'all hey, all right, while I
(21:46):
was going through this season,this is what God did for me
because, child, it's a lot ofprayer, it's a lot of prayers, a
lot.
It's a lot of crying.
It's a lot.
It's a lot going on duringthese seasons.
But the one thing that I can say, when you are in a growth
season, you are seeing thosesignificant increases, because I
just talked about when you'reincreasing your income, building
your savings, when you'repaying off debt, when you are
(22:09):
starting to look for otherinvestment ways to build your
wealth.
Right, did I say that right?
Yep, I said it right, I had togo back, I had to play in my
head.
I said that right, because whenyou're in a growth season, it's
like oh wow, you know I'mfinally in a place where I'm not
in survival mode.
You're not in survival modeanymore.
(22:29):
You're not throwing spaghettiat the wall, you're not feeling
like I can't do anything.
You're not just sitting aroundjust eating tuna all day, unless
tuna is what you want to eat.
You know, tuna is what you wantto eat, you know, but normally
in transitional seasons you'd bereduced down to the tuna or the
rice, the beans, the meals thatdon't cost a lot, okay, but in
a growth season you're notnecessarily there.
(22:51):
So in a growth season you'reable to start thinking about how
can I expand my investments?
How can, how can I pursue otherthings?
What else is there to achieveout there?
What other financial milestonesdo I want to do?
You get a chance to make thosedecisions like that, even if
it's I'm going into a home, I'mgoing into purchasing a home, I
(23:14):
can start a family, I can startthe business, I can do all of
these different things becauseyou've placed yourself back into
, or you place yourself in, astable situation.
I celebrated with one of myclients today because when we
first started meeting, she wasin a transitional season and I
can remember and this was andI'm so excited because this was
(23:34):
in August when we first startedour sessions.
Let me see what is this.
That was August, september,october, november, december,
january, february, march.
Oh, okay, seven months, yeah.
So it's like it took her awhile, but it's like to see the
growth season that she's in andnow we're talking about.
(23:55):
All right, what are we going todo investment wise?
And how are our?
How is retirement?
How are all of these?
We get a chance to look atthose different things, and I'm
so excited because she is aboutto purchase an investment home,
just because she feels that thisis what she wants to do for her
particular investments.
And that's the thing when itcomes to investments, and I hate
when people try to box it allin like it's just one that you
(24:18):
make investments, it's just this.
No, it's not.
It's different for everyone.
And so I'm super excited to seemy client, just because to see
someone go from thattransitional period into that
building period, into thatgrowth, oh it just, it just
continues to motivate me.
And that's the thing I loveabout getting a chance to meet
with different people and seeingdifferent people's journeys and
(24:39):
knowing their stories and justknowing that people can do it.
Like I have that unequivocal,unequivocal faith that it can
happen, just because I coach somany people and guide them
through those differentsituations and see that all the
time.
And so I'd be like, yes, so I'dbe, I'd be cheerleading.
So in a growth season, becauseyou're now into a more stable
(25:03):
position for the most part, yourhope is up because you're
seeing progress.
It's like you're watching yourgains at this particular point,
right?
You're motivated because you'regetting a chance to see the
stability that you were able tobuild and see your finances
working for your good.
So here you're, making surethat everything is continuing to
work the way that you need itto still continuing with those
(25:26):
smart goals and moving to thenext level.
What does next level look likewhen you're in that growth
season?
So thinking about how do I moveup?
What does that?
I spoke earlier.
I said your investments, andwhen we talk about investment,
you can invest in quite a fewthings.
Right, retirement.
What does that look like?
Cause you're not going to workall your life and most of the
(25:46):
time, most people are investingso that they can invest for the
future.
What would future self lovethat?
If you did this right now, it'sgoing to take care of them
later.
You're doing that when you'rein your growth season.
Okay, all right, time out.
We loving this, right, I amOkay, all right, so let's go
(26:11):
here.
We got two more seasons, so wegot to move on to your
maintenance season and so, justlike in your growth season,
maintenance here is.
You've achieved that stability.
Like I said, you are focusing onpreserving and managing the
wealth, or you are wealthbuilding.
At this particular time, youare ensuring that everything is
right, like you're checking upon everything You've been doing
(26:33):
good, you don't want to fall offfrom here, okay, but this is
the thing, and this is the thingright.
People do it.
It happens because, once again,you got to remember what causes
us to go into transitionalseasons I just talked about.
You have expected andunexpected ways that we go into
these transitional seasons.
So I'm hoping that, when you'rein your growth and when you're
(26:53):
in your maintenance season, thatyou are paying attention to
what your finances are lookinglike, what the debt is looking
like, what your savings, yourinvestments, what everything is
looking like, so that way it canprepare you in the case if
something were to happen and youneeded to go through a
transitional season.
That transitional season fromwhat you do in your growth and
(27:15):
your maintenance season are allgoing to determine what that
transitional season will looklike if you were to ever go
through something like that,because there are so many
different causes expected andunexpected as to why we go
through that.
Well, we, we I'm going to callit fall for right here, I don't,
I don't, yep, I wanted to makesure that that was the word I
(27:35):
wanted to use while we fall andwhat happens.
So, in your maintenance season,it is important that that
planning, that financialplanning, that holistic
financial planning all aroundneeds to be a part of your
maintenance season, ensuringthat everything is on the up and
up.
Do I have enough saved?
What would retirement look like?
Okay, do I have kids?
(27:56):
Are we planning on having kids?
Do we have enough money to payfor the things that we need to
pay for Debts?
Do we still have debts?
What does that look like?
Those debt repayment plans,things of that sort?
Okay, homes, if we have homes,what is that looking like?
Do we have enough money forfixtures and things of that sort
?
Do we have emergency savingssaved up?
Three to six months, all ofthose different things you are
(28:19):
doing in that maintenance seasonbecause you are looking at
long-term financial goals atthis particular point, okay, and
so I don't really, in thegrowth season, I'm not going to
do the same like with the hopeand with the practical steps,
because I've kind of alreadygiven the practical steps,
because you are looking, you arelooking after your long-term
(28:39):
financial planning goals at thatparticular point, because
you're stable.
How do we stay stable?
That's what you're doing whenyou're in your maintenance
season.
My apologies, I had to take asip of water.
Okay, and that last season isyour harvest season?
Okay, you just reaping yourrewards.
I got a client right now.
(29:01):
Man, I love talking to himbecause reaping I'm talking
about man, somebody that's justreaping rewards and just out
here chilling.
No mortgage paid off, theymortgage.
All they got is just a coupleof credit cards.
Out here in this world Justchilling.
Okay, money is stacked forretirement.
They good to go.
(29:21):
They just enjoying life anddoing all of the things that
they want to do, pursuing alltraveling hobbies I mean all of
the things Preparing well forthe future for their grandkids,
grandkids, grandkids.
They doing all of thosedifferent things.
And so in a harvest seasonharvest season is what we all
aspire to be in.
(29:42):
Now it comes to us in differentphases of our life.
That could be something when weget older and older and
subjective I don't know whatolder looks like for y'all Okay,
I would love to be in harvestno later than five years from
now.
Okay, that's, I would.
I would love to be in harvestno later than five.
Okay, cause I just feel like Iserve a big God because I had
(30:02):
been one of the strongestsoldiers for a long time.
That that's going to be myblessing.
Okay, and so those are yourdifferent seasons.
I want to make sure that I saythat again.
So you have your transitionalseason, your building season,
growth, maintenance and yourharvest season, and there are
different things that arehappening in those different
(30:22):
seasons that we've discussed,and there's different levels of
hope.
There's different levels ofactions for you to do and for
you to accomplish.
When you're in those seasons,and as you got a chance to see
that transitional and thatbuilding season, those can be
your tougher seasons than whatyour growth, maintenance and
what your harvest season canlook like.
(30:44):
And so this message isbasically just to let you know
you're not the only one.
People go through this all thetime.
There are so many different,expected and unexpected ways
that we go through financialseasons.
The one thing that I can say asa whole planning your smart
goals, ensuring that you arecontinuing to understand and be
(31:05):
very mindful of where you standLike when we talk about finances
, it is financial literacy, butwhen we're talking about this.
We want you to understand whereyou stand, because finances,
when they're impacted, everyother aspect of your life is
impacted.
If you ain't got the money,unfortunately, we live in an
expensive world.
The cost of living is expensive.
(31:25):
We honestly don't have time tobe sad.
We don't even have time to bedepressed, but we're still going
to do it.
I get it.
I understand we are, but wefall down, but we got to get on
back up, all right.
And if you're trying to get backup and you need a guide to get
you to where you need to go, Iam your girl.
Okay, check out my website.
I am mindfully richcom.
(31:47):
If you need a financial guideto ensure that you are talking
to someone, where am I at rightnow, girl?
What do we need to do?
That's the one thing.
When I talk about guiding, Ialways like to make sure that
we're being very real.
Any of my clients will let youknow.
Anywhere that I educate, any ofthe clients that I have,
they'll let you know I am veryreal.
(32:08):
I give you very realinformation.
Some things are going to befaster than others.
Some things are going to be amarathon for you and you're
going to get tired of it, but aslong as you stick to the plan,
you are going to get to whereyou're going to be.
I have had to rebuild and reap.
I was trying to think ofanother word.
I've had to rebuild myself afew times and I've done it
(32:31):
before.
I'm going to do it again.
And if I got to go through itagain, because I know I'm one of
God's strongest soldiers, guesswhat?
Your girl going to do it?
Okay, all right, y'all, this isa long episode and yeah, that's
it.
I don't want to start ramblingtoo much, um, and so make sure
y'all listen, listen, listen.
For those of those of y'allthat are new, go back and listen
(32:51):
to some old episodes.
You got 124 more.
Go ahead and listen to them.
I want y'all to start loving me, loving hearing my voice.
Come back next week for thenext episode, okay, and share,
share, share, share, share.
Share this with someone that isin one of those seasons, and
this is the thing you don't knowwhat season they may be in.
Right, you might, but you mightnot.
So share with everybody.
(33:12):
That's why I said that Share,share, share, because y'all my
marketing team.
Okay, all right, that's it.
I want y'all to live lifemindfully and on purpose, and
until next time when I hit y'allwith another one.
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