Money for Life

We humans just love a shortcut. The promise of a more convenient and easy way to get richer seduces the emotional part of our brains, rather than the more evolved, rational part of our brain.In this episode I discuss four common get rich quick schemes and why they often end in tears of disappointment.I discuss share trading, property investing, multi-level marketing and of course, cryptocurrency.To learn more about your host, money coach Matt Hern visit my website.Follow me on LinkedIn, Facebook and Instagram.-----Standard & Poors' Index vs Active fund manager survey (SPIVA)https://www.spglobal.com/spdji/en/spiva/article/spiva-australia/Episode 9. How to Start DIY Investing 

Romance and love can be one of the most exciting elements of our lives. And when you include money in the mix, sparks can fly – but not necessarily in the good way.Money is one of the most common areas of marital conflict. It is therefore wise when mixing money and love to proceed cautiously and consciously.In this episode I share six things to consider before joining your finances. If you do decide to mix money and love I'll also share the clever way to join finances, plus I'll share two cautions and two things not to do.------------Check out my course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide

A tax refund can feel like an unexpected windfall, which you can splurge on treats and luxuries. But a tax refund is actually your hard-earned money being returned to you.So, just like I hope you are with the rest of your hard-earned money I encourage you to be wise, not wasteful with your tax refund.In this episode I share how the pandemic has influenced how I think about wisely using your tax refund, or any windfall.--------------Check out myfree course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide 

“Advertising: The gentle art of persuading the public to believe that they want something they don't need.” W.T. O'Connor, Ad Sense 1905.100 years later I'm not so sure I'd use the word “gentle”.Marketers are trained to hack our brains to convince us we want things we don't need.Were you taught a robust way to work out if you can afford all of those things you want?In today's episode, I'll share with you a framework I've developed over the past 15 years that you can use to build a plan of what you can afford.-----------------Check out my free course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide 

Do you, like me, feel a persistent tension between trying to have savings and the many things you want to buy and do; between trying to be good with money and not wanting to miss out? After years of studying money what I now have is a better framework for how to make decisions when I'm feeling that tension. In this episode I introduce you to that framework to help you allocate your money and afford a life that lights you up.Delve deeper into the savvy spending system in my free course  and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide 

Money is sooo broad….so many strategies for using it and investing it and so many products for each strategy. It feels impossible to know what to focus on and where to start.When we're overwhelmed I find we either do nothing or do the simplest or sexiest thing. The trouble is we end up overlooking important elements of managing our money until they force us to pay attention to them. In this episode, I share with you a framework I call the 3Cs of Money Mastery to help you have a map of the territory of managing your money to afford a life that lights you up.Check out my free course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide

Expertise, Energy and Time – they are three elements you need if you are going to successfully do your own direct investing. If you are interested enough to dedicate time to  directly investing your own money, then first you need to invest your time and energy in acquiring the expertise. In this episode, I talk about where to start and suggest three types of portfolios to have. I also explore how to evaluate if doing it yourself is adding enough value to be worthwhile.---Check out my free course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide

Whilst going full DIY on every element of managing your money can seem like a good idea, it's only the right thing to do in certain situations and in certain aspects of your finances.  Getting the choice wrong can lead to worse  quality of life and worse financial outcomes. In this episode, I share three criteria to help you identify the aspects of your financial situation to manage yourself, and which you should outsource to professionals.They're three criteria you can apply to help you flourish in other areas of your life as well.----Check out my free course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide

Rather than being a massive overwhelming target that's not even worth pursuing, I believe financial freedom is well within your reach right now. -------For extra  guidance in becoming financially free check out my free course  at www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide-------Music credits:I Want To Break Free - QueenI'm Free – The Rolling Stones

When it comes to getting more happiness from our money, socialising is a double-edged sword. Social connection can deliver our greatest joy and be our financial Achilles heel.In this episode we conclude our journey through the World Health Organisation's Quality of Life framework and explore the domain of social relationships. Check out my free course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au  and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide

"Happiness Money" is a spending category I feel that we may all benefit from having. But before you go blazing away your money on anything that takes your fancy, listen to make sure you know what I mean. Otherwise, you may be wasting your money and not getting the happiness you expect and deserve.Check out my free course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide----Episode references:"The How of Happiness" by Sonja Lyubomirsky. http://thehowofhappiness.com/Stone, B. M., & Parks, A. C. (2018). Cultivating subjective well-being through positive psychological interventions. In E. Diener, S. Oishi, & L. Tay (Eds.), Handbook of well-being. Salt Lake City, UT: DEF Publishers. DOI:nobascholar.com  https://nobascholar.com/chapters/59Australian Psychological Society,  Stress and Wellbeing in Australia survey, 2015. https://www.psychology.org.au/About-Us/What-we-do/Research/Stress-wellbeing-how-Australians-are-coping-wiRelationships Australia Relationships Indicators Survey 2011. http://www.relationships.org.au/what-we-do/research/australian-relationships-indicators/relationships-indicator-2011 

Do you have a sense of what it looks and feels like to be financially well?And do you know the most important areas to focus on if you or someone you care about wants to be better with money?Being financially well is one of the basics that when not addressed can drag down our quality of life and negate the effect of happiness boosters. So investing in improving your financial wellbeing is money well spent for your happiness and quality of life.In this episode discover three stages of financial wellbeing, how to evaluate your level of financial wellbeing and where to focus to become more financially well.I also share the two following stages beyond wellbeing, which together form the Money for Life journey to flourishing.-------Check out my free course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide

Grab your activewear as we delve into the first of the four quality of life domains as defined by the World Health Organisation.  (See episode 2.) I discuss several basics that we seem to be reluctant to spend money on but which provide a solid foundation for us to be at our best.---Check out my free course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide

How do you know if you are making the best use of your money in the pursuit of a life that lights you up? Every day we are presented with more enticing opportunities to spend our money on than we have available money. So how do we decide? In this episode I share a framework of a quality life that lights you up, which can be our guide.---Check out my free course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguide 

You probably know several people who are experiencing this, maybe including you. Is it normal? Is it common? Tune in to  find out, plus discover what causes it and why everyone is susceptible.---Check out my free course to help you take control of your money, to stress less, save more and afford a life that lights you up!For my free course visit www.MattHern.com.au and follow FB @matthern, LinkedIn @matthern IG @matthern_moneyguideEpisode music credit: "The Fear", by Lilly Allen, 2009

Discover what Money for Life is all about. I hope you join me.To learn more about your host, money coach Matt Hern visit my website.