Summary
In this episode, Jax and Janelle discuss the impact of shame-based thinking and its effects on personal finances and decision-making. They explore how guilt differs from shame and how these emotions can shape one’s self-worth and financial habits. Janelle shares her personal experience, including her book journey, and delves into how early messages from family can lead to self-sabotage or risky financial behaviors. They also discuss the importance of empathy, resilience, and intentional thinking when it comes to overcoming shame and developing healthier relationships with money. Jax highlights the holistic approach to finances, where emotional and psychological well-being play crucial roles in financial success. The conversation concludes with actionable insights, emphasizing self-awareness and intentional decision-making.

Keywords
shame-based thinking, guilt, self-worth, personal finances, resilience, empathy, self-sabotage, risky behavior, financial success, self-awareness, intentional thinking, holistic financial approach

Takeaways

• Understanding the difference between guilt and shame is crucial for addressing negative thought patterns.
• Shame-based thinking often leads to behaviors like self-sabotage, isolation, or risky decision-making, impacting financial health.
• Early childhood messages influence adult financial behaviors and perceptions of self-worth.
• Resilience and empathy are key to overcoming shame and fostering positive financial habits.
• Self-awareness and intentionality in financial planning lead to long-term success and personal growth.

Sound Bites

• "Guilt is: I made a mistake. Shame is: I am a mistake."
• "Shame can sabotage relationships—including your relationship with money."
• "Empathy is the kryptonite to shame."
• "Financial mastery is not just about numbers; it's about mastering your mindset."
• "You are powerful beyond measure and capable of achieving anything you want."

Chapters
00:00 Introduction and Overview
03:00 Difference Between Guilt and Shame
07:15 Shame-Based Thinking and Financial Decision-Making
12:05 Resilience and Empathy as Tools for Overcoming Shame
19:30 Self-Sabotage and Risky Behaviors in Finances
24:00 Janelle’s Book Journey and Personal Experiences
31:10 Self-Awareness in Financial Success
38:45 Conclusion and Takeaways

Summary

In this conversation, Jax Crider and Eileen McDonald discuss the impact of stress on financial well-being and relationships. They emphasize the importance of understanding one's values and beliefs around money and how they shape financial decisions. They also highlight the need for effective communication and open-mindedness when discussing finances with others. The conversation explores the role of self-awareness, curiosity, and positive psychology in managing financial stress. They encourage listeners to step into discomfort, confront their stressors, and develop empowering financial habits. In this conversation, Jax and Eileen discuss the importance of listening to our bodies and being present in the moment. They draw parallels between potty training and learning to listen to our body's cues as adults. They emphasize the need to slow down, be intentional, and learn to hear ourselves. They also discuss the power of affirmations and the importance of knowing ourselves and what we want. Eileen highlights the significance of movement and exercise in managing stress and overwhelm. They conclude by encouraging listeners to take control of their situations and make empowered decisions.

Keywords

financial stress, values, beliefs, communication, self-awareness, curiosity, positive psychology, financial habits, body cues, presence, potty training, learning, listening, affirmations, knowing ourselves, movement, exercise, stress management, overwhelm, empowered decisions

Takeaways

Financial stress is a common issue that affects relationships and overall well-being.

Understanding one's values and beliefs around money is crucial for making sound financial decisions.

Effective communication and open-mindedness are essential when discussing finances with others.

Self-awareness, curiosity, and positive psychology can help manage financial stress and develop empowering financial habits. Slow down and be present in the moment to listen to your body's cues.

Learning to listen to our bodies is a lifelong process, just like potty training.

Affirmations can be a powerful tool to rewire our brains and empower ourselves.

Knowing ourselves and what we want is essential in making empowered decisions.

Movement and exercise are important for managing stress and overwhelm.

Taking control of our situations and making empowered decisions leads to a fulfilling life.

Sound Bites

"There's so much shame around money."

"Financial is just literally dollars and cents, right? It's just this purely math thing."

"How do we really communicate? First, how do we know what our true value is around money?"

"Just slow it down and just be in the moment."

"We have the ability to like, stop for a moment and learn something and really like, hear ourselves and be in that place."

"Doing the hard things is what makes you succeed all of those goals that felt impossible."

Chapters

00:00 Highlights
00:25 Introduction and Background
02:31 The Impact of Stress on Financial Well-being and Relationships
04:33 Understanding Your Values and Beliefs Around Money
08:57 Effective Communication and Open-mindedness in Financial Discussions
11:14 The Role of Self-awareness, Curiosity, and Positive Psychology in Managing Financial Stress
14:28 Stepping into Discomfort and Developing Empowering Financial Habits
26:38 Listening to Our Bodies
29:11 The Power of Doing Hard Things
34:12 Movement and Exercise
39:41 Embracing Our Power

Summary

In this conversation, Jax Crider and Sam discuss the importance of financial education and the shame surrounding it. They highlight the lack of financial education in schools and the impact of cultural backgrounds on financial knowledge. Jax shares her personal experience of growing up with financial education and the importance of starting early with teaching children about money. They emphasize the need to break generational curses and the power of accessing resources and information in the digital age. They also discuss the fear of judgment and the importance of focusing on personal goals and growth. In this conversation, Jax Crider and Samantha DeLeon discuss various aspects of personal finance, including credit cards, medical bills, and buying a house. They emphasize the importance of understanding the financial system and being responsible with credit. They also address common misconceptions about medical bills and offer advice on disputing debts. Jax encourages listeners to be intentional about their financial goals and seek resources and support to help them along the way.

Keywords

financial education, shame, cultural background, generational curses, resources, information, fear of judgment, personal growth, personal finance, credit cards, medical bills, buying a house, financial literacy, debt, intentionality

Takeaways

Financial education is not commonly taught in schools, and many people lack knowledge about money due to a lack of education from their families.

There is no shame in not knowing about money, and it is important to normalize asking questions and seeking financial knowledge.

Cultural backgrounds can influence the level of financial education received, and it is important to break generational curses and start conversations about money early.

Access to resources and information in the digital age allows individuals to learn about personal finance and make informed decisions.

Fear of judgment should not hold you back from seeking financial knowledge and pursuing your goals. Understand the financial system and be responsible with credit

Dispute medical bills and be aware of your rights under HIPAA laws

Be intentional about your financial goals and seek resources and support

Avoid drowning in debt and consider the long-term impact of financial decisions

Start early and create a plan for your financial future

Sound Bites

"We have to normalize that there shouldn't be shame surrounding something that you were literally not taught."

"The earlier you start and the more you start the conversation, the easier it will be for them to transition."

"The best thing you could teach them is that you do not have all the answers and that it's OK to raise your hand and say, I don't have all the answers."

"If I could be given out a 0% interest rate, I would do it all day every day, okay? Like, that'd be great."

"I would almost bet you money at risk."

"Credit is what most entities are going to base your life off of from here on out once you turn 18."

Explore the essential role of insurance in financial security with Jax Crider and Zach Pettikas. Discover strategic decision-making tips for filing claims, understanding coverage, and working with professionals to protect your assets. Learn why not all coverages are equal and the importance of uninsured motorist coverage. Perfect for those seeking clarity in the world of insurance.

Summary

In this episode, Jax Crider interviews Zach Petticus, an insurance agent, about the importance of insurance and making strategic decisions when filing claims. Zach shares his journey from being a firefighter to entering the insurance industry and highlights the value of protecting assets and ensuring financial security. They discuss the misconceptions around insurance and the need for proper coverage. They also emphasize the importance of consulting professionals and making informed decisions when it comes to insurance claims. In this conversation, Jax Crider and Zach discuss the importance of filing insurance claims promptly and the significance of having adequate coverage. They emphasize that filing a claim immediately after an event, such as a hailstorm, is crucial, even if the repairs are delayed. They also highlight the importance of understanding that not all insurance coverages are created equal and that the cheapest price may not provide the best policy. They discuss the minimum coverage requirements for car insurance and the potential risks of having low coverage limits. Additionally, they stress the importance of uninsured and underinsured motorist coverage, especially in areas with a high number of uninsured drivers. They also touch on the concept of exclusionary coverage and the need to properly protect valuable assets. Finally, they emphasize the importance of working with an insurance professional who can explain the different coverage options and help clients make informed decisions.

Keywords

insurance, property and casualty, financial security, filing claims, strategic decisions, misconceptions, coverage, professionals, insurance claims, coverage, filing claims, adequate coverage, insurance coverages, car insurance, minimum coverage, uninsured motorist coverage, underinsured motorist coverage, exclusionary coverage, valuable assets, insurance professional

Takeaways

Insurance is crucial for protecting assets and ensuring financial security.

Making strategic decisions when filing insurance claims can prevent future complications.

Consulting professionals and understanding the insurance process is essential for making informed decisions.

Misconceptions about insurance can lead to inadequate coverage or unnecessary expenses. File insurance claims promptly after an event, even if repairs are delayed.

Not all insurance coverages are created equal; the cheapest price may not provide the best policy.

Understanding the minimum coverage requirements for car insurance is crucial to avoid potential risks.

Uninsured and underinsured motorist coverage is essential, especially in areas with a high number of uninsured drivers.

Properly protecting valuable assets is crucial to avoid financial ruin in the event of an accident.

Working with an insurance professional who can explain coverage options is important for making informed decisions.

Sound Bites

"You really can lose everything."

"Insurance is super, super important."

"Make sure that you've got the knowledge to back the decisions."

"People walk around parking lots after we have hailstorms and they'll take cards like on people's windshields in their doors or whatever. It cracks me up."

"Even if you file the claim right after the event happens, you don't have to get it fixed right away. Your claim is in the system. And then as long as you're not dragging it out too long, you can wait until July to get it fixed."

"Not all coverages are created equal. The cheapest price is not always indicative of the best policy."

Brief Bio of our guest and his business:

My Name is Zach Pettikas, Married to my beautiful wife Brittany. We have 4 kids. Live in flower mound and love being part of the community.

The Pettikas Agency started back in 2021 and we have hit the ground running. We enjoy helping people with all their personal, business and life insurance needs!

Ways to reach Zach: zpettikas@farmersagent.com

Summary

In this episode of Financial Mastery Simplified, Jax Crider and Lee Nguyen discuss the importance of intentionality and mindset when it comes to personal finances. They share personal stories and experiences that shaped their financial perspectives, including the influence of family upbringing and cultural backgrounds. They also touch on topics such as credit card debt, the impact of consequences in financial decision-making, and the challenges of homeownership. The conversation emphasizes the need for individuals to make intentional choices, plan for the future, and understand the long-term consequences of their financial decisions. In this conversation, Jax Crider and Lee Nguyen discuss the financial benefits of owning a home and the importance of intentional financial planning. They highlight that owning a home is a forced savings account and an investment in real estate. They emphasize that the appreciation of a home is not based on the money you put into it, but on the entire asset. They also discuss the long-term financial advantages of homeownership, such as the ability to refinance and save money on high-interest credit cards. They caution against falling into a cycle of buying a house to pay off debt and stress the importance of planning, discipline, and self-awareness in managing finances.

Keywords

financial mastery, intentionality, mindset, personal finances, family upbringing, cultural backgrounds, credit card debt, consequences, homeownership, intentional choices, future planning, homeownership, investment, forced savings account, real estate, appreciation, financial planning, intentional, refinance, high-interest credit cards, debt, planning, discipline, self-awareness

Takeaways

Intentionality and mindset play a crucial role in personal finances.

Family upbringing and cultural backgrounds can shape one's financial perspective.

Credit card debt can have long-term consequences and should be approached with caution.

Homeownership is not for everyone and requires careful consideration.

Making intentional choices and planning for the future are key to financial success. Owning a home is a forced savings account and an investment in real estate.

The appreciation of a home is based on the entire asset, not just the money you put into it.

Homeownership can provide long-term financial advantages, such as the ability to refinance and save money on high-interest credit cards.

Avoid falling into a cycle of buying a house to pay off debt.

Intentional financial planning, discipline, and self-awareness are key to managing finances effectively.

Sound Bites

"I want you to get where you're going and I want you to get there intentionally."

"A person's financial prowess is a result of their emotional intelligence."

"Credit cards are literally legalized loan sharking."

"It's a forced savings account"

"It's 5% of what the asset's worth, not the money you put into it"

"Don't put yourself back in it"

Chapters

00:00 Introduction and Background

02:23 The Power of Intentionality and Mindset

07:41 Family Upbringing and Cultural Backgrounds

12:44 Navigating Credit Card Debt

18:27 The Impact of Consequences in Financial Decision-Making

21:14 The Challenges and Considerations of Homeownership

22:15 Making Intentional Choices and Planning for the Future

23:19 Understanding the Appreciation of a Home

24:17 Long-Term Financial Advantages of Homeownership

25:38 Avoiding the Cycle of Buying a House to Pay Off Debt

26:06 The Importance of Intentional Financial Planning

27:36 The Role of Discipline and Self-Awareness in Managing Finances

Guest Contact Details:

Lee Nguyen

lnguyen@vlgteam.com

https://veteranslendinggroup.com/employee/lee-nguyen/

Phone number: 405-361-4201

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