Podcasts about Positive Money

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Best podcasts about Positive Money

Latest podcast episodes about Positive Money

The Taxcast by the Tax Justice Network

How easy is it to get filthy rich selling arms to anyone who'll pay? There may be sanctions, there may be laws, but even though he's the FBI's most wanted fugitive, a Chinese arms dealer and manufacturer has evaded arrest for two decades. Who could be better to investigate one of the world's most dangerous men and tell this story than Panama Papers journalists? Taxcast host Naomi Fowler speaks to Frederik Obermaier about the book The Chinese Phantom: the Hunt for the World's most Dangerous Arms Dealer. What does it tell us about sanctions and financial secrecy at a time of rising autocracy and global insecurity?   Also in this episode: the latest on efforts by powerful people to block the US's Corporate Transparency Act which was supposed to set up a register of the real owners of companies;   And, in the UK - a new whistleblower incentive scheme - the tax authority HMRC will give whistleblowers who bring actionable information a cut of between 10 and 25% of any fine that HMRC imposes. Also, as the British government announces welfare cuts affecting the poorest people in the country, there are calls for a windfall tax on banks and a 2% wealth tax on assets above £10 million instead.   Featuring: Panama Papers journalist Frederik Obermaier, Whistleblower lawyer Mary Inman, Erica Hanichak of the FACT Coalition, Hannah Dewhirst of Positive Money, Professor Prem Sikka.   Produced by Naomi Fowler and Leo Schick of the Tax Justice Network.   Transcript of the show: (some may be automated) https://podcasts.taxjustice.net/wp-content/uploads/2025/03/March_25_Transcript-1.pdf    Further reading:   The Chinese Phantom, the Hunt for the World's Most Dangerous Arms Dealer. (Available in English and in German) https://www.kiwi-verlag.de/verlag/rights/book/bastian-obermayer-frederik-obermaier-die-jagd-auf-das-chinesische-phantom-9783462001396 Also available here but please try to use a local bookshop! https://www.amazon.co.uk/Chinese-Phantom-worlds-dangerous-dealer/dp/1915590698    Tax abuse whistleblowers will earn a share of HMRC proceeds, says UK Finance Minister https://www.theguardian.com/business/2025/mar/26/tax-avoidance-whistleblowers-will-earn-share-of-any-hmrc-proceeds-rachel-reeves-confirms   Windfall tax on bank profits in the UK could raise £15bn https://positivemoney.org/press-release/windfall-tax-on-bank-profits-could-raise-ps15bn/   How to raise £60 billion for public services: ten tax reforms from Tax Justice UK https://taxjustice.uk/blog/how-to-raise-60-billion-for-public-services-our-ten-tax-reforms/   Millionaires urge MPs “tax us, the super-rich” to avoid cuts and invest in Britain https://patrioticmillionaires.uk/latest-news/millionaires-urge-mps-tax-us-the-super-rich-to-avoid-cuts-and-invest-in-britain    All our podcasts are available on our podcast website https://podcasts.taxjustice.net/ 

Wealth Coffee Chats
The Major Banks Have Dropped Fixed Rates. Now What Do We Do?

Wealth Coffee Chats

Play Episode Listen Later Feb 14, 2025 8:43


In this Finance Friday edition of Wealth Coffee Chats, Cang Dang from Positive Money discusses the implications of interest rate changes on loans, the importance of understanding loan repayments and the potential pitfalls of financial hardship agreements with lenders. You need vigilance when dealing with banks and always consult with brokers to navigate the complexities of the mortgage market. Want to know more? Let's Wealth Coffee Chat!

Wealth Coffee Chats
When Is the Right Time to Refinance Your Home Loan?

Wealth Coffee Chats

Play Episode Listen Later Feb 7, 2025 8:51


In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the importance of refinancing home loans, especially in the context of changing interest rates and personal financial situations. What are the key signs that indicate it may be time to refinance? It all depends on financial circumstances, the length of time since the loan was taken out, and the potential to leverage equity for investments. But when is the right time for YOU? Let's Wealth Coffee Chat!

Wealth Coffee Chats
Interest Rate Cuts Seem Almost Certain. What Do Investors Do Now?

Wealth Coffee Chats

Play Episode Listen Later Jan 31, 2025 13:05


In this episode of Wealth Coffee Chats, Cang Dang from Positive Money walks us through the almost sure-fire signs of a potential rate cut and how to prepare for them. The big banks sure believe it's about to happen, so as a property investor what do you need to do to prepare your financial planning, your budgets, and when should you start talking with lenders and accountants about your borrowing capacity? Let's Wealth Coffee Chat!

Wealth Coffee Chats
Lenders are offering longer loan terms. Is this a good way to get into the market?

Wealth Coffee Chats

Play Episode Listen Later Dec 13, 2024 8:53


In this episode of Wealth Coffee Chats, Cang Dang from Positive Money walks us through the new trend from lenders of offering longer loan terms - is this a great way for new investors to get themselves into the market? What are the implications of this? Let's Wealth Coffee Chat!

Health Coach Academy
Unlocking a Positive Money Mindset with Lauren Schoenfeld!

Health Coach Academy

Play Episode Listen Later Dec 10, 2024 39:27


Having a strong money mindset is crucial for any entrepreneur aiming to build a thriving business. It's not just about crunching numbers—it's about developing the confidence to take control of your finances, align them with your goals, and create a sustainable path to growth. Without the right mindset, money can feel overwhelming or elusive, but with the right approach, it becomes a powerful tool for building your dream business and life. In this episode, we dive deep into the transformative world of money mindset with Lauren Schoenfeld, founder of Active Core Consulting. Lauren is a powerhouse in the health and wellness industry, providing entrepreneurs with fractional CFO services, bookkeeping expertise, and operational coaching to put their profit first and scale their dream businesses. A self-proclaimed numbers nerd and former athlete, Lauren brings a wealth of experience from her corporate tenure at PricewaterhouseCoopers, WeWork, and Equinox Fitness Clubs, where she spearheaded major growth initiatives and launched iconic ventures like Equinox Hotels and SoulCycle On-Demand. Lauren shares her journey from the corporate grind, which led to burnout and a chronic illness, to building her thriving business while prioritizing health and balance. Together, we explore how shifting your mindset about money can empower you to confidently take control of your finances, create a strategic profit-focused plan, and eliminate the hustle culture that traps so many entrepreneurs. Packed with actionable insights, Lauren delivers a must-listen for anyone looking to transform their relationship with money, develop financial confidence, and build a sustainable, thriving business without sacrificing their well-being.

Wealth Coffee Chats
What will mortgage lending look like in 2025 How to set finance goals.

Wealth Coffee Chats

Play Episode Listen Later Dec 6, 2024 14:04


In this episode of Wealth Coffee Chats, Damien Hauser, a lending specialist for Positive Money, reflects on the state of real estate finance in 2024. How did your 2024 go, financially? It's time to reflect on your goals, to consider the impact of inflation and evaluate if you've achieved everything you've wanted to accomplish this year. What does 2025 look like for property lending? Let's Wealth Coffee Chat!

Wealth Coffee Chats
When It Comes to Property Investing, What Are Land Loans?

Wealth Coffee Chats

Play Episode Listen Later Nov 29, 2024 10:41


In this episode of Wealth Coffee Chat, Cang Dang from Positive Money discusses the latest updates on interest rate predictions, the intricacies of land loans, and strategies for land banking. He emphasizes the importance of understanding tax implications for land purchases and encourages self-employed individuals to prepare their financial documents for 2024 to maximize borrowing potential. Want to know more? Let's Wealth Coffee Chat!

Wealth Coffee Chats
Buying Property Under Your Personal Name or a Trust. What's the Difference?

Wealth Coffee Chats

Play Episode Listen Later Nov 22, 2024 11:19


In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses strategies for purchasing investment properties under personal names and trusts. Cang walks us through how to maximize borrowing capacity, the benefits of using trusts and the importance of planning for future investments. Where do we start? Let's Wealth Coffee Chat!

Wealth Coffee Chats
Interest Rates, Investment Strategies and Financial Opportunities in Real Estate

Wealth Coffee Chats

Play Episode Listen Later Nov 15, 2024 14:25


In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the current state of interest rates, particularly the recent drop in variable rates by NAB and emphasizes the importance of being prepared for investment opportunities. Cang walks us through the significance of understanding income servicing and borrowing capacity, the choice of entity for property purchases and the impact of deposit sources on loan approval. Are you ready for more? Let's Wealth Coffee Chat!

Wealth Coffee Chats
How Far Away Are Interest Rate Cuts In Australia?

Wealth Coffee Chats

Play Episode Listen Later Nov 8, 2024 17:33


In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the current state of interest rates, the impact of APRA guidelines on borrowing and the evolving landscape of tax assessments and lending practices. He emphasizes the importance of communication between borrowers and lenders, especially in light of potential interest rate cuts and the challenges faced in the mortgage approval process. Let's Wealth Coffee Chat!

Wealth Coffee Chats
How much does Lenders Mortgage Insurance really add to a home loan?

Wealth Coffee Chats

Play Episode Listen Later Nov 1, 2024 9:40


In this episode of Wealth Coffee Chats, Cang Dang from Positive Money discusses the current state of the market, focusing on inflation rates and their potential impact on interest rates. He delves into the costs associated with Lenders Mortgage Insurance (LMI) when purchasing property, explaining how it varies based on loan-to-value ratios. Cang also walks you through the strategies for waiving mortgage insurance, including professional exemptions and government schemes, while emphasizing the importance of structuring loans effectively to minimize costs. Let's Wealth Coffee Chat!

Wealth Coffee Chats
What Is Negative Gearing And How Does It Work?

Wealth Coffee Chats

Play Episode Listen Later Oct 25, 2024 8:05


In this episode of Wealth Coffee Chats, Positive Money's Cang Dang discusses recent developments in the Victorian property market, including a new stamp duty concession for off-the-plan properties. Cang delves into the concept of negative gearing, explaining how it can help investors save on taxes. Lastly we cover the implications of purchasing property under a personal name versus a trust, highlighting the benefits and drawbacks of each approach.

Wealth Coffee Chats
How Much Savings Do You Really Need to Buy a Property?

Wealth Coffee Chats

Play Episode Listen Later Oct 11, 2024 13:48


In this episode of Wealth Coffee Chats, Cang Dang from Positive Money walks us through everything you'll need to know to secure lending for your property. What are the financial obligations you'll need to take onboard? Is 20% really the golden number when it comes to a deposit? Let's Wealth Coffee Chat!

KaaGee LMP
Create A Positive Money Mindset - Ep.251

KaaGee LMP

Play Episode Listen Later Sep 20, 2024 4:47


Creating a positive money mindset can help you develop a healthier relationship with money and achieve financial stability. Here are six steps to help you cultivate a positive money mindset:   1. Identify and challenge negative beliefs: Reflect on your thoughts and feelings about money. Replace negative self-talk with positive affirmations, such as "I am capable of managing my finances effectively."   2. Practice gratitude: Focus on the things you already have, rather than dwelling on what you lack. Keep a gratitude journal to help you stay positive.   3. Set clear financial goals: Define achievable objectives, like saving for a specific purpose or paying off debt. Break down larger goals into smaller, manageable steps.   4. Cultivate self-care: Take care of your physical, emotional, and mental well-being. When you feel good about yourself, you're more likely to make positive financial decisions.   5. Embrace abundance: Embracing abundance is a powerful step in creating a positive money mindset. Here are some key aspects to help you cultivate an abundance mindset:   - Believe in plenty: Trust that there is enough money and resources available to meet your needs.   - Focus on what you have: Rather than dwelling on what's lacking, appreciate the abundance already present in your life.   - Let go of scarcity: Release the fear of not having enough, and instead, focus on the abundance that surrounds you.   - Cultivate generosity: Share your resources, time, or skills with others. This helps to reinforce the belief that there's enough to go around.   - Visualize abundance: Imagine yourself in a state of financial abundance, feeling secure and prosperous.   - Practice affirmations: Repeat phrases like "I trust in the abundance of the universe" or "I am worthy of financial abundance" to rewire your mind.   - Take inspired action: Take bold and intentional steps toward your financial goals, trusting that the resources will be available to support you.   By embracing abundance, you'll begin to see that there's always enough to go around and that your needs will be met. This mindset shift can increase financial confidence, reduce stress, and a more fulfilling life.   6. Practice mindful spending: Be present and intentional when making financial decisions. Ask yourself if each purchase aligns with your values and goals.

Wealth Coffee Chats
The 5 Things Brokers Want You to Know to Secure a Successful Home Loan.

Wealth Coffee Chats

Play Episode Listen Later Sep 19, 2024 17:00


Welcome to Finance Friday's at Wealth Coffee Chats! This week Positive Money's Damien Hauser is going to walk you through the challenges that every investor faces when attempting to secure a home loan, and why it's SO important to work side by side with a broker to get your dream property over the line in record time. Let's Wealth Coffee Chat!

Optimal Health Daily
2702: How to Develop a Positive "Money Mindset" by Brian Tracy on Personal & Financial Success

Optimal Health Daily

Play Episode Listen Later Sep 15, 2024 11:23


Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2702: Brian Tracy emphasizes the importance of cultivating a positive money mindset as a critical component for personal and financial success. By forgiving past financial mistakes, setting clear financial goals, optimizing your budget for happiness, and surrounding yourself with positive financial influences, you can transform not only your relationship with money but also other areas of your life. Read along with the original article(s) here: https://www.briantracy.com/blog/financial-success/how-to-develop-a-positive-money-mindset/ Quotes to ponder: "Your financial mistakes are not you. You are independent of your financial mistakes in the past." "When you fix your relationship with money, you will transform so many other areas of your life." "Surround yourself with people who live by those values, read books promoting positive mindsets, and make sure your social media feeds do not promote negativity around money and spending." Learn more about your ad choices. Visit megaphone.fm/adchoices

Optimal Health Daily - ARCHIVE 1 - Episodes 1-300 ONLY
2702: How to Develop a Positive "Money Mindset" by Brian Tracy on Personal & Financial Success

Optimal Health Daily - ARCHIVE 1 - Episodes 1-300 ONLY

Play Episode Listen Later Sep 15, 2024 11:23


Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 2702: Brian Tracy emphasizes the importance of cultivating a positive money mindset as a critical component for personal and financial success. By forgiving past financial mistakes, setting clear financial goals, optimizing your budget for happiness, and surrounding yourself with positive financial influences, you can transform not only your relationship with money but also other areas of your life. Read along with the original article(s) here: https://www.briantracy.com/blog/financial-success/how-to-develop-a-positive-money-mindset/ Quotes to ponder: "Your financial mistakes are not you. You are independent of your financial mistakes in the past." "When you fix your relationship with money, you will transform so many other areas of your life." "Surround yourself with people who live by those values, read books promoting positive mindsets, and make sure your social media feeds do not promote negativity around money and spending." Learn more about your ad choices. Visit megaphone.fm/adchoices

Mama Needs A Moment
Ep. 114 Building a Positive Money Mindset and Financial Literacy for Women w/ The Financial Lady, Bridgett Springer

Mama Needs A Moment

Play Episode Listen Later Sep 11, 2024 44:38


Bridget Springer, a seasoned financial advisor,  planner, and administrator in the finance industry, emphasizes the importance of financial organization and generational wealth. She is the owner of The Financial Lady LLC and  is dedicated to educating, inspiring, and mentoring people on the path to financial freedom. Bridgett shares her personal journey, influenced by her parents' financial conflicts, and her mission to empower women to become "wealth warriors." Bridget highlights the common challenges women face, such as debt and lack of financial knowledge, and offers solutions like her 52-week Financial Lady Deck of Cards. She stresses the importance of understanding one's money story, setting financial goals, and preparing for life's uncertainties. Bridget also discusses the need for open communication in couples' financial planning and the significance of estate planning and insurance. Today's episode includes a discussion of the following topics: Bridget Springer's Background and Philosophy Cash vs. Cashless Society  Trading Places with a Favorite Person Mission to Empower Women in Finances Overcoming Financial Fear and Building Generational Wealth Supporting Women with Different Socioeconomic Standings The Importance of Financial Education for Women  Mindset and Financial Literacy for Women Learning from Financial Mistakes Universal Financial Advice for Couples Preparation and Communication in Financial Planning The Financial Lady's Deck of Cards Accessibility and Services Offered Final Thoughts and Contact Information Episode Notes and Resources: The Financial Lady (all social media links are available on her website) Financial deck of cards https://www.amazon.com/dp/B0CNPB6HYF Support Mama Needs a Moment! Become a patron through our Mama Needs a Moment Patreon. --- Support this podcast: https://podcasters.spotify.com/pod/show/herhealthcollective/support

5 Minute Meditations

*Please leave meditation requests in the comment section below this episode* Welcome to 5 Minute Meditations. In today's episode, "Abundant Flow," we're exploring a powerful 10-minute meditation designed to shift your perspective on money and open yourself to financial abundance. This short but impactful practice will guide you through: A grounding breath exercise to center your energy Visualization techniques to imagine financial well-being An empowering affirmation to attract abundance A method to transform scarcity thoughts into abundance beliefs Imagery to reinforce a positive relationship with money Whether you're working on financial goals, dealing with money stress, or simply wanting to improve your overall attitude towards wealth, this meditation is for you. It's suitable for meditators of all levels. Remember, a positive money mindset can be cultivated. Join us for these five minutes to tap into the energy of abundance and reshape your financial outlook. Let's unlock your prosperity potential together! Visit our website at https://5-minute-meditations.com/ to learn more about Michelle and 5 Minute Meditations. Sign up for our newsletter to stay updated! Stay connected with us on Instagram! Follow our page and engage with our posts. We'd love to hear how our meditations are helping you. Like our Facebook page for updates on new episodes and exclusive content. Your support helps us grow! Don't forget to subscribe to our YouTube channel for more guided meditations and mindfulness tips. Click the bell icon to get notified every time we upload a new video! #MoneyMindset  #FinancialWellness  #AbundanceMindset  #WealthConsciousness  #ProsperityMeditation 

BYLINE TIMES PODCAST
Things Can Only Get...Worse??? Starmer's Austerity 2.0

BYLINE TIMES PODCAST

Play Episode Listen Later Aug 27, 2024 22:01


Adrian Goldberg discusses Sir Keir Starmer's 'Things Can Only Get Worse (In The Short Term)' speech with Byline Times chief reporter Josiah Mortimer and Danisha Kazi, head of economics at Positive Money. Learn more about your ad choices. Visit megaphone.fm/adchoices

Smart Lawyers Position to Transition
Shaping Positive Money Behavior with Guest Jonathan Blau

Smart Lawyers Position to Transition

Play Episode Listen Later Aug 1, 2024 36:30


Are you confident in your financial plan for retirement? Join Victoria Collier and Jonathan Blau, founder of Fusion Family Wealth, as they uncover the secrets to effective financial planning tailored for lawyers. From understanding the critical role of insurance to interviewing financial advisors and exploring the intricate link between money and happiness, this episode is packed with actionable insights to help you secure your financial future. Key Takeaways: •⁠  ⁠The Importance of Comprehensive Financial Planning •⁠  ⁠Choosing the Right Financial Advisor •⁠  ⁠The Complex Relationship Between Money and Happiness   More About Our Guest:  Jonathan is the President and CEO of Fusion Family Wealth. Behavioral finance is an important aspect of his business and he brings a fresh perspective and clarity on his work with clients. For more than two decades Jonathan has acted as a “trusted advisor to trusted advisors” with deep experience working with accounting and law firms on a wide array of financial services capabilities. Website: fusionfamilywealth.com   We want to hear from you! You can leave us a rating and review in Apple Podcasts. Click here and then scroll down the page to the rating and review section. You can also leave us a rating in Spotify by clicking here. Connect with Victoria Collier https://quidproquolaw.com/ Private Facebook Group https://www.facebook.com/groups/1284225722042602 LinkedIn https://www.linkedin.com/company/victoria-collier-coaching/      

She's On The Money
MONEY DIARIES: Creating Positive Money Habits One Day at a Time!

She's On The Money

Play Episode Listen Later Jul 28, 2024 41:10


Growing up comfortable with money, today's diarist developed negative money habits becoming an impulsive and emotional shopper. But now pregnant, she's working on these habits, building her money goals and paying off debt! She and her partner are working on their budget with to be aware and be on the same page in time for bubs arrival. An important episode for those in this situation, those planning on expanding their family or just want to create positive money habits with themselves and partner! Acknowledgement of Country By Natarsha Bamblett aka Queen Acknowledgements. The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.  Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708,  AFSL - 451289.See omnystudio.com/listener for privacy information.

Motivational Speech
ATTRACTING SUCCESS & WEALTH: Listen Every Night to Positive Money Affirmations - 'I AM ABUNDANT

Motivational Speech

Play Episode Listen Later Feb 15, 2024 95:20


ATTRACTING SUCCESS & WEALTH: Listen Every Night to Positive Money Affirmations - 'I AM ABUNDANT Get inspired and motivated every morning with our podcast, featuring insights from successful individuals on changing your mindset and achieving your goals. Don't miss out on this opportunity to start your day off right! Click here To Unlock The AD-FREE Version Of The Show For Only $2 Per Month If you find our podcast helpful, please take a moment to rate the show and leave us a review. Your feedback is invaluable in helping us provide you with the best possible content. Don't forget to sign up for our newsletter to stay up-to-date on the latest episodes and receive exclusive content and tips on personal growth and success. Thank you for tuning in and being a part of our community! http://bit.ly/3HMlZW5 My motivational speech podcast inspires listeners to reach their full potential through powerful stories and thought-provoking discussions. Your support by buying us a coffee helps us continue to create uplifting content. https://bit.ly/3RQKlTc Earn money by testing new apps and writing reviews! Register with Write App Reviews, choose apps to review from our database, and get paid at least $15 per review with no limit on how many you can do. Sign up now! https://bit.ly/3Bb8FbG Learn more about your ad choices. Visit megaphone.fm/adchoices

Your Virtual CFO Coach
Episode 22: Elevate and Thrive - Cultivating Your Positive Money Mindset for Business Success

Your Virtual CFO Coach

Play Episode Listen Later Jan 17, 2024 11:22


In today's episode, I'm sharing the ONE thing that transformed my business and set me on the path of intentional and purposeful living. Brace yourself because we're delving into the pivotal role your mindset plays in the success or downfall of your business. Are those pesky limiting beliefs putting the brakes on your progress? Tune in and discover the key to breaking free! Your Virtual CFO Coach host: Lieah Torbert, CEO of Harrington Strategic Partners Incorporating 20 years' experience in the retail, oil & gas, automotive, and chemical manufacturing industries, I developed my proprietary growth system, the Cash Flow Ignition Method. My system helps you build & implement a fully customized roadmap to achieving your business goals without sacrificing more of your personal time. If you've ever found yourself wondering if there's a better way to: Have a financial strategy that drives profit, work/life harmony, expansion and retirement Transition from the owner/operator of your business to the strategic CEO Then it's time for you to learn more about how the Cash Flow Ignition Method can help get you there! Take the Wheel of Your Destiny: Shape the course of your business by adopting a Decisive CEO Mindset. Be the one confidently calling the shots, making choices that pave the way for growth and success. Run Your Operations Like a Well-Oiled Machine: Imagine your cash flow as a high-performance engine. Make sure it runs smoothly with every part working together seamlessly. This is your Cohesive Cash Flow System, ensuring that your business stays fueled and ready for action. Design your Cultivated Success Blueprint: Take charge of designing a roadmap that guides your journey to success. It's not a one-size-fits-all plan - it's a tailor-made strategy that aligns seamlessly with your business goals so you can transform your business into a high-powered machine, breaking through barriers and achieving what others say is impossible. Learn more about Harrington's services Schedule your Cash Flow Optimization (CFO) call Follow me: LinkedIn Facebook YouTube Subscribe to the podcast: Apple Spotify YouTube #virtualcfo #outsourcecfo #strategicplanning #ceomindset #cashflow #cashflowplanning #smallbusiness #servicebusiness #bookkeeping #bookkeepingservices #strategicgoals #businessgrowth #worklifebalance

Colloquium
How to Form a Positive Money Mindset with Maggie Klokkenga

Colloquium

Play Episode Listen Later Jan 11, 2024 39:23


Money is often a taboo topic that causes stress and anxiety. In this episode, Maggie Klokkenga, a financial coach who helps people improve their relationship with money, explains that our habits around money often stem from childhood and the messages we internalize from our parents. These "money scripts" continue to influence how we think and act with finances unconsciously. She discusses techniques to rewrite those money scripts and make more conscious, values-aligned choices about spending and saving.Maggie Klokkenga is a CERTIFIED FINANCIAL PLANNER™, CPA, AFC®, and the founder of Make a Money Mindshift, a financial coaching firm in central Illinois. Maggie has been in the financial services industry for over 25 years, and she teaches that once you discover your WHY, you can adjust your mindset and change your HOWs to achieve your WHATs.[00:01 - 09:19] Why Money Remains a Taboo TopicSocietal attitudes that discourage open conversations about money often root back to childhoodThe familiar discomfort when discussing income and finances even with family membersMoney scripts learned from parents continue influencing our financial behaviors unconsciously[09:20 - 21:44] Techniques for Rewriting Money MindsetsMaggie uses "Money Script Thought Ladders" to help shift limiting mindsets graduallyThis model triggers awareness of emotional charges and physical reactions related to money talkPractice pauses and breathing, grounding skills to reduce anxiety in money contexts[21:45 - 29:58] Current Pain Points Around Personal FinanceHigh-interest debt from credit cards charging 25-30% is distressingly commonThe re-emergence of federal student loan repayments after the pandemic pause is a rude awakeningLack of basic financial literacy education feeds confusion and erodes confidence[29:59 - 39:23] Coaching Women in Financial TransitionListening without judgment, letting them process emotions and "word vomit" initiallyTackling logistical money issues first before examining feelings more deeplyAvoiding analysis paralysis by celebrating tiny money victories consistentlyKey Quote:"It's so uncomfortable for our brains to make change. Our brains want us to stay safe... Until something almost thrusts us into a new experience." - Maggie Klokkenga Connect with Maggie Klokkenga!Website: https://makeamoneymindshift.com/ LinkedIn: https://www.linkedin.com/in/maggie-klokkenga-cpa-cfp/ This episode is sponsored by Mack International, a specialized executive search and human capital consulting firm serving the family office/wealth management markets. Please visit their website here for more information.Download our FREE Strategizing for Inflation Guide here: https://www.excelsiorgp.com/download/Connect with me:https://www.linkedin.com/in/brian-c-adams/ (LinkedIn)LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Accidental Gods
Let's get rid of Money and start afresh! Dismantling the Super-Organism with Dianna Finch

Accidental Gods

Play Episode Listen Later Jan 10, 2024 109:22


Happy New Year.  It feels to me as if this year, the journey is going to be one of continual change and of challenge - that 2024 will be the year when it is impossible for anyone to pretend that the life we knew, the life we grew up believing would go on indefinitely - is going to continue. The old order is dying, but if we're to absolute collapse on a global scale (because clearly it's happening locally all over the world, usually pushed by the governments of people who are statistically most likely to be listening to this podcast) -but if we're going to avert absolute breakdown everywhere, then we need to dismantle the super-organism of the markets. Markets, globalisation, the entire neo-liberal model of free trade that was neither free nor liberal, nor particularly new... these are the common thread that perpetuates the world we know. Yes, we have to change our political systems, our power generation, our food systems..... all of these are core, but it's the markets and our concepts of value and money - the core of capitalism that keep the whole show on the road. One way or another, they are going - either there's a crash and nothing... or we succeed in managing a degrowth curve to a much simpler system that is not just less extractive, it's regenerative - it repairs some of the desperate harm we've done in recent times. So I want this podcast really to begin to look at how we could shape this downward slope - to play with ideas that could take use forward into something different - to begin to build narratives, stories, mythologies, collective heroic journeys of how we as a culture could affect the change that we need. Yes, the super-organism feels as if it has a life of its own, but it is composed of individuals and if we all change our behaviour, our expectations, our understanding of what's good and what isn't - then it will change. I still believe this is possible and I'm definitely working towards this. As is our guest this week. Diana Finch has worked in senior leadership roles in a variety of socially and environmentally focused non-profit organisations since 2001. Through this work, she became convinced that our economic system is the root cause behind the environmental and social challenges the non-profit sector is trying to address. She started to become interested in the field of new economics, and was thrilled to join the Bristol Pound team as Managing Director in 2018. She continued to be a director until the organisation was wound up in 2023. The experience helped her develop an understanding of the problems with our existing economic system, creating a determination to share what she has learned by writing a book called 'Value Beyond Money: an exploration of the Bristol Pound and the building blocks for an alternative economic system' The book is not out until September, but it I was privileged to read it early and was so struck by Diana's capacity to lay out clearly the various different ways we have begun to see money and the alternative systems that people are trying - the Bristol Pound was an astonishing endeavour and the story of how it came about and why it ended are remarkable in and of itself. But it's the ideas that come after - why did it not work and what could we do now - what could help us shift from exactly where we are, to where we need to be - these are the solid gold. We did talk for a long time. If necessary, we'll split this into two bits. I'm not sure if we're going to need to, so... we'll see.   In the meantime, enjoy the ideas of how we could be different - and then if you know of anyone who could fund this, please do let us know. PreOrder Diana's book https://crowdbound.org/product/value-beyond-money/The Bristol Pound legacy homepage https://www.bristolpoundlegacy.info/Holochain https://www.holochain.org/Art Brock Metacurrency https://www.artbrock.com/metacurrency/resourcesBradford Citizen Coin https://bradford.citizencoin.uk/Mark Fisher Ghosts of my Life https://uk.bookshop.org/p/books/ghosts-of-my-life-writings-on-depression-hauntology-and-lost-futures-mark-fisher/517207?ean=9781780992266Mark Fisher Capitalis Realism - Is there No Alternative https://uk.bookshop.org/p/books/capitalist-realism-new-edition-is-there-no-alternative-mark-fisher/7313424?ean=9781803414300Confessions of an Economic Hitman Short Animated Version https://www.youtube.com/watch?v=pYtb5zatgMgNew Economics Foundation https://neweconomics.org/Positive Money https://positivemoney.org/Reference booksLess is More: How Degrowth can save the world by Jason Hickel https://uk.bookshop.org/p/books/less-is-more-how-degrowth-will-save-the-world-jason-hickel/364774Doughnut Economics: 7 Ways to Think like a 21st Century Economist https://uk.bookshop.org/p/books/doughnut-economics-seven-ways-to-think-like-a-21st-century-economist-kate-raworth/

Money Mindset with Gull Khan
Money Mindset with Gull Khan | Episode 489 | Ten Tips For 2024 For Positive Money Mindset

Money Mindset with Gull Khan

Play Episode Listen Later Jan 8, 2024 42:29


In this episode, we are starting the year with my ten tips to develop your money mindset to become wealthy through this year. Now, because this is the first episode of the new year, I wanted to share my best tips. And today we're going to deep dive into them.  And remember, if you haven't come and joined my free community on the school platform where we get to deep dive even further to develop that money mindset and to make you wealthy. Come along and join the community. https://www.skool.com/millionairemindset/about Connect with Gull: Facebook: https://www.facebook.com/TheGullKhan Instagram: https://www.instagram.com/moneymindsetwithgullkhan/ LinkedIn: https://www.linkedin.com/in/moneymindsetwithgullkhan/ Pinterest: https://fi.pinterest.com/moneymindsetwithgullkhan/ Ready to rewrite your money story? Register to my Five Day Millionaire Mindset Makeover Workshop here: https://www.abundancemindsetmakeover.com/ Visit our website for more information: http://gullkhan.com/

Good Sleep: Positive Affirmations
Cultivating Wealth Abundance While You Sleep: Affirmations for a Positive Money Mindset in Prosperity Slumbers

Good Sleep: Positive Affirmations

Play Episode Listen Later Dec 9, 2023 61:15


Welcome to this empowering meditation centered on fostering a positive money mindset as you delve into the twilight stage, those invaluable moments before sleep. In this peaceful interlude, you'll seamlessly set your intentions, visualize, and manifest an enriching relationship with abundance and financial well-being. Unwind now with our positive sleep affirmations podcast. Our soothing affirmations relax the mind and prepare the body for rest. Hit play, and drift into Good Sleep... Listen to more positive sleep affirmations by subscribing to the audio podcast in your favorite podcast app:  Apple Podcasts: https://podcasts.apple.com/us/podcast/good-sleep-positive-affirmations/id1704608129 Spotify: https://open.spotify.com/show/3OuJvYoprqh7nPK44ZsdKE And start your morning with Optimal Living Daily! Apple Podcasts: https://podcasts.apple.com/us/podcast/optimal-living-daily-mental-health-motivation/id1067688314 Spotify: https://open.spotify.com/show/1hygb4nGhNhlLn4pBnN00j?si=ca60dcfd758b44b4 Learn more about your ad choices. Visit megaphone.fm/adchoices

Good Sleep: Positive Affirmations
WITH MUSIC - Cultivating Wealth Abundance While You Sleep: Affirmations for a Positive Money Mindset in Prosperity Slumbers

Good Sleep: Positive Affirmations

Play Episode Listen Later Dec 9, 2023 61:30


Welcome to this empowering meditation centered on fostering a positive money mindset as you delve into the twilight stage, those invaluable moments before sleep. In this peaceful interlude, you'll seamlessly set your intentions, visualize, and manifest an enriching relationship with abundance and financial well-being. Unwind now with our positive sleep affirmations podcast. Our soothing affirmations relax the mind and prepare the body for rest. Hit play, and drift into Good Sleep... Listen to more positive sleep affirmations by subscribing to the audio podcast in your favorite podcast app:  Apple Podcasts: https://podcasts.apple.com/us/podcast/good-sleep-positive-affirmations/id1704608129 Spotify: https://open.spotify.com/show/3OuJvYoprqh7nPK44ZsdKE And start your morning with Optimal Living Daily! Apple Podcasts: https://podcasts.apple.com/us/podcast/optimal-living-daily-mental-health-motivation/id1067688314 Spotify: https://open.spotify.com/show/1hygb4nGhNhlLn4pBnN00j?si=ca60dcfd758b44b4 Learn more about your ad choices. Visit megaphone.fm/adchoices

The Mompreneur Exclusive
Creating Balance, Abundance, and a Positive Money Mindset with Amanda Jacob

The Mompreneur Exclusive

Play Episode Listen Later Oct 10, 2023 43:18


Good Sleep: Positive Affirmations
Prosperity Slumbers: Sleep Affirmations to Foster a Positive Money Mindset & Wealth Abundance

Good Sleep: Positive Affirmations

Play Episode Listen Later Oct 10, 2023 61:15


Welcome to this empowering meditation centered on fostering a positive money mindset as you delve into the twilight stage, those invaluable moments before sleep. In this peaceful interlude, you'll seamlessly set your intentions, visualize, and manifest an enriching relationship with abundance and financial well-being. Unwind now with our positive sleep affirmations podcast. Our soothing affirmations relax the mind and prepare the body for rest. Hit play, and drift into Good Sleep... Listen to more positive sleep affirmations by subscribing to the audio podcast in your favorite podcast app:  Apple Podcasts: https://podcasts.apple.com/us/podcast/good-sleep-positive-affirmations/id1704608129 Spotify: https://open.spotify.com/show/3OuJvYoprqh7nPK44ZsdKE And start your morning with Optimal Living Daily! Apple Podcasts: https://podcasts.apple.com/us/podcast/optimal-living-daily-mental-health-motivation/id1067688314 Spotify: https://open.spotify.com/show/1hygb4nGhNhlLn4pBnN00j?si=ca60dcfd758b44b4 Learn more about your ad choices. Visit megaphone.fm/adchoices

Good Sleep: Positive Affirmations
WITH MUSIC - Prosperity Slumbers: Sleep Affirmations to Foster a Positive Money Mindset & Wealth Abundance

Good Sleep: Positive Affirmations

Play Episode Listen Later Oct 9, 2023 61:30


Welcome to this empowering meditation centered on fostering a positive money mindset as you delve into the twilight stage, those invaluable moments before sleep. In this peaceful interlude, you'll seamlessly set your intentions, visualize, and manifest an enriching relationship with abundance and financial well-being. Unwind now with our positive sleep affirmations podcast. Our soothing affirmations relax the mind and prepare the body for rest. Hit play, and drift into Good Sleep... Listen to more positive sleep affirmations by subscribing to the audio podcast in your favorite podcast app:  Apple Podcasts: https://podcasts.apple.com/us/podcast/good-sleep-positive-affirmations/id1704608129 Spotify: https://open.spotify.com/show/3OuJvYoprqh7nPK44ZsdKE And start your morning with Optimal Living Daily! Apple Podcasts: https://podcasts.apple.com/us/podcast/optimal-living-daily-mental-health-motivation/id1067688314 Spotify: https://open.spotify.com/show/1hygb4nGhNhlLn4pBnN00j?si=ca60dcfd758b44b4 Learn more about your ad choices. Visit megaphone.fm/adchoices

Lead. Love. Profit. Play.
Ep114. Embracing Wealth and Riches: How to Cultivate a Positive Money Mindset.

Lead. Love. Profit. Play.

Play Episode Play 28 sec Highlight Listen Later Oct 5, 2023 24:26 Transcription Available


Here's a personal truth I'm ready to share with you: it took me years to reshape my relationship with money. I battled, struggled and ultimately, triumphed over the limiting beliefs that were obstructing my journey towards wealth and success. This episode is packed full of lessons from this deeply personal journey. It's about how our internal narratives can dictate our experiences, especially when it concerns our financial wellbeing. By altering these stories, we not only transform our outlook but also the way we weave our narrative with the world.We spend this episode drilling down into the significance of nurturing a positive relationship with money, and how it lays the foundation for a richer life experience. You'll hear my thoughts on why we need to shed societal biases about wealth and why it's not just okay to be rich and wealthy, but it's something to celebrate. This episode is an invitation to reframe your perception of money and wealth, and open the floodgates to abundance and prosperity. By developing a healthier bond with money, we can leverage it to create a positive ripple effect in the world. So, tune in to this illuminating dialogue for an introspective exploration of money, wealth, and the transformative power of shifting mindsets.Music Credit: "What's Left of Me" by Wes Hoffman & FriendsLinks & Resources:Website: https://www.innerwealthglobal.comMy Social Media:Facebook: https://www.facebook.com/mikekitkoInstagram: https://www.instagram.com/mike_kitkoTiktok: https://www.tiktok.com/@mikekitkoLinkedIn: https://www.linkedin.com/in/mikekitko/Twitter: https://www.twitter.com/@mike_kitkoSubscribe to my YouTube: / @mikekitkoMike Kitko is an executive self-mastery coach, speaker and author. He found external success through powerful titles, incomes, and material possessions. He ultimately fell into depression, toxic abuse of alcohol, and the near collapse of his family before he began a journey of internal happiness and success.Through private coaching, mastermind groups and training, Mike helps business owners achieve higher levels of wealth, success, and happiness in all areas of life.

The Chris Harder Show
3 Things I Do To Reinforce A Positive Money Mindset

The Chris Harder Show

Play Episode Listen Later Sep 25, 2023 14:12


You know when you're checking out at the grocery store, and they ask if you want to round up for charity? Yes! Of course, you do! Why? Because you know that money is a tool for good and you're living in an abundance mindset. Today, I'm sharing three simple actions that you can incorporate into your daily routine to further reinforce your positive money mindset and attract more abundance into your life. Generosity is such a fulfilling feeling, so let's make it a habit!    IN THIS EPISODE: - Embracing your abundance mindset by saying YES to a donation – no matter the cause  - Why you need to be tipping more than an automatic percentage  - The easiest way to position yourself for greater wealth and positivity - Advice for learning from those who have succeeded before you     RESOURCES - Text DAILY to 310-421-0416 to get daily Money Mantras to boost your day.    CONNECT WITH CHRIS Follow me: @chriswharder Visit my website: chrisharder.me  Learn more about frello, my peer-to-peer lending app: frelloapp.com  Follow frello: @frello_app 

The Massage Boss Podcast
231 - ICYMI - Unlocking a Positive Money Mindset

The Massage Boss Podcast

Play Episode Listen Later Sep 25, 2023 12:05


Unlocking the right money mindset is essential for anyone aspiring to become a successful massage or spa owner. Developing a positive relationship with money can help you make informed financial decisions and set your business up for long-term success. By embracing abundance and adopting effective money management strategies, you can create a thriving business that not only benefits your clients but also allows you to reap the rewards of your hard work.   This episode features: Michael Greenspan. The proud owner of Massage Revolution, a family business that serves the South Bay, the Westside, and surrounding Los Angeles areas. Aside from being the proud owner of his multi-location business, Michael still practices massage from time to time and is a highly qualified Neuromuscular Therapist, as well as an instructor, educator, and coach.    Dr. Ernest Kim. Dr. Kim is an exceptional practitioner with a diverse range of qualifications and expertise. As a second-generation acupuncturist, board-certified chiropractor, massage therapist, and certified Transformational Life Coach, he offers a holistic approach to wellness that goes beyond traditional methods along with his own team at Back on Point Wellness in Torrance CA.   Lynda Gonzales. The founder of the highly acclaimed iBalance Wellness Spa, a one-of-a-kind spa based in Tucson, Arizona. Starting out as herself and as a single mother Lynda grew and scaled her spa to three locations and employed 40 people, before scaling back down to focus on her primary location.    Dr. Kim Thor-Adams. A highly accomplished Chiropractor and pioneering business owner located on the River Point in Downtown Norfolk. With her team of experts, Dr. Kim offers a wide range of services like chiropractic adjustments, spinal decompression therapy, massage therapy, and lactation services to help all her patients achieve optimum well-being. Want to build a wellness practice that gives you both TIME and MONEY? Learn how more at www.scalingwellness.com    Schedule Your No-Cost 1:1 Strategy Call: www.scalingwellness.com/chat    Follow us on Instagram: www.instagram.com/scalingwellness  

Coaching In Session
Ep.333: Igniting the Spark of Success and Happiness Through Positive Money Habits with Derick Gant

Coaching In Session

Play Episode Listen Later Sep 15, 2023 38:11


Join host Michael Rearden on a transformative "Coaching In Session" episode as he embarks on a mission to unlock the secrets of success and happiness alongside his guest Derick Gant. With Gant's expertise as an expert money and performance coach, Derrick guides listeners through practical strategies and profound insights, empowering them to achieve financial abundance and fulfillment in their daily lives.We will reveal actionable steps to make and keep more money while emphasizing the true essence of wealth—finding joy, love, and happiness in the journey.Witness powerful coaching sessions that capture the emotional breakthroughs and life-altering transformations of real clients. Michael and Derick lead listeners on an unforgettable exploration of their potential, helping them overcome limitations, redefine their relationship with money, and cultivate a life filled with abundance and purpose."Coaching In Session with Michael Rearden" isn't just a podcast; it's a movement that has captivated hearts worldwide. Join this viral sensation as Michael and Derick empower millions to break free from financial constraints, discover their true potential, and create a life they truly love.Derick GantWebsite: https://www.derickgant.com/Facebook: https://www.facebook.com/dericklgantInstagram: https://www.instagram.com/derickgant/Podcast: https://podcasts.apple.com/us/podcast/the-24k-life-with-derick-gant/id1551928099?uo=4_________________________________________________________________________Michael ReardenWebsite: www.Revenconcepts.comReview & Follow The Podcast On Your Favorite App: https://coachinginsession.buzzsprout.com/Support the Podcast: Paypal, Cash AppSubscribe: https://www.buzzsprout.com/1882580/supporters/newInterested in working with me? - Membership PlansEmail Me: Coachinginsession@gmail.com#moneyhabits #financialadvisor#postivehabits#creditcarddebt#financialassistanceSupport the show

The Money Insights Podcast
Mindful Money Mastery: 5 ways to create a positive money mindset | Episode #115

The Money Insights Podcast

Play Episode Listen Later Aug 28, 2023 34:26


Join us as we explore the transformative power of a positive money mindset and uncover five powerful strategies that will help you cultivate a harmonious connection with your finances. Money, often seen as a source of stress, can become a catalyst for growth and fulfillment when approached mindfully. Our experts will guide you through insightful discussions on how to reframe your thoughts, emotions, and behaviors around money. Discover how mindfulness can enable you to make intentional financial decisions, break free from limiting beliefs, and open the door to new opportunities. Money Insights is a strategic planning firm that is founded on the principle that "off-the-shelf" products and solutions often do not meet the needs of high-income earners. The Money Insights team works to collaboratively design customized financial solutions that will leave a lasting impact on each of their unique clients. Visit Money Insights and take the Investor Quiz at https://moneyinsightsgroup.com ! Listen to the Money Insights podcast on Spotify, Apple Podcasts, or at https://moneyinsightsgroup.com/podcast Need to get in contact with the Money Insights team? Email us at insights@moneyinsights.net

Choose Happy with Marie | Stop Negative Thoughts, Overcome Limiting Beliefs, Use Positive Affirmations, Live a Happy Life
46 | Shift Your Money Mindset from Scarcity to Abundance: 3 Tips for Creating a Positive Money Mindset [Money Affirmation] [Money Mindset Series – Part 4 of 4]

Choose Happy with Marie | Stop Negative Thoughts, Overcome Limiting Beliefs, Use Positive Affirmations, Live a Happy Life

Play Episode Listen Later Aug 22, 2023 18:00


Hi! Do you want to know what makes one person successful with money and another not successful? It's their money mindset.   Every day, we make choices that either move us forward financially or set us back.  Do you believe you can live a healthy financial life whereby you spend on what you want and save for what matters you and for your future?   There are too many of us who hit the snooze button when it comes to thinking about our finances and “hope” we will be ready to retire when the time comes to do so.   Hoping is not a plan and it is not choosing happy.   In today's show, I'm sharing with you 3 tips for creating a positive money mindset, including one of the three money affirmations that are in the Choose Happy affirmation card deck.    If you're ready to change your scarcity mindset to one of abundance, this episode is for you!   This is the final part of the Choose Happy Money Mindset series.    Mentioned in Today's Show: Episodes: 3 | Design Your Choose Happy Vision Board 43 | Buy Yourself a Birthday Present

Practice Advantage
Are You Money Positive? with Cindy Morgan Jaffe

Practice Advantage

Play Episode Listen Later Jul 24, 2023 30:53


** Don't miss out on an extra $5 rebate for all commercial VSP Eye Exams between now and the end of 2023. Visit www.pecaaexamrebate.com now!** In this episode, I sit down with Cindy Morgan Jaffe, founder of the Positive Money Club and author of the book Positive Money to discuss how we look at and think about money and the impact it has on our business.Key Takeaways:In many ways, the messages we've received about money growing up impact how we make financial decisions in practice. Beginning to recognize these influences is the best place to start in order to change them.Be curious. Ask iterative questions to both understand your money mindset and begin reframing how you're impacted by money, how you see it now, and how you want to see it or make change in the future.Positive Money is a philosophy of living with money that leads to the results you want leveraging positive intelligence.Resources:Positive Money by Cindy Morgan JaffePositive IntelligenceThe Soul of Money by Lynn TwistMindset by Carol DweckThink and Grow Rich by Napoleon HillWhat Cindy is reading:Pillar Based Marketing by Ryan BrockThe Covenant of Water by Abraham Verghese

The Home Staging Show
Harnessing a Positive Money Mindset for Home Staging Success with Dr. Amanda Barrientez

The Home Staging Show

Play Episode Listen Later Jul 5, 2023 62:30


Transforming your money mindset for success is a crucial aspect of achieving financial stability and business growth. In this podcast episode, Dr. Amanda, also known as the money healer, shares her expertise in helping entrepreneurs master their money mindset and manifest easier money in their businesses. She emphasizes the importance of understanding and addressing the various emotions and beliefs associated with money. One of the key takeaways from the podcast is the concept of radical responsibility. In the episode, Dr. Amanda also dives into recognizing and reframing our beliefs and thoughts around money and consequently becoming aware of our negative thought patterns and replacing them with positive ones. The podcast also addresses the common blocks and self-sabotaging behaviors that can hinder our financial success. To overcome these blocks, Dr. Amanda provides a three-step formula to reprogram our subconscious mind and create new, empowering beliefs. Transforming your money mindset for success is a vital aspect of achieving financial stability and business growth. Dr. Amanda's insights and experiences serve as a valuable guide for home stagers looking to master their money mindset and manifest easier money in their businesses.

Stuff That Interests Me
The Rise and Fall of UK House Prices

Stuff That Interests Me

Play Episode Listen Later Jul 5, 2023 9:50


Before we begin today's piece, a quick reminder for those who might find themselves in the Scottish neck of the woods this August, I am doing one of my lectures with funny bits at the Edinburgh Fringe this year all about gold.It's from August 4th to 20th at 2pm. Please come if you are in town - you can get tickets here.Plus an added bit of history: it takes place in the room in which Adam Smith wrote Wealth of Nations. Hopefully, I will see you there.And, if you would like me to speak at your event or to advertise on these pages, please drop me a line. Right, house prices …Despite being built of bricks, a house is, in many ways, a financial asset. This is because, for the most part, we use finance - debt - to buy real estate. Mortgages, aka “death grips”, have been around for hundreds of years. Debt has been around since before human beings settled on the fertile plains between the Tigris and the Euphrates. But mortgages in the UK only hit the mainstream in the 20th century. First, after WWI, following Prime Minister David Lloyd George's 1918 promise to build “homes fit for heroes”, and then, probably more so, in the 1950s and 1960s as the Tory government reduced Stamp Duty and lent money to building societies as part of its pledge to create a “property-owning democracy”. In the 1950s and 60s home ownership went from below 30% to above 60%.On the one hand, the mortgage enabled many people to get on the housing ladder in the first place. The financing also enabled more properties to be built. But on the other hand, introduce debt into a market, you introduce more money into that market with the consequence of higher prices. See student loans for more details. If house prices were determined only by the amount of available cash, they would be lower and more in line with earnings. But they are not.House prices are determined by the amount of debt that is available, which in turn is determined by the cost of money (interest rates), general risk appetite and so on. That is why prices are now so out of kilter with earnings. Once upon a time, and not so long ago, house prices were 3 times earnings. Now in London they are north of 10 times.Why houses cost so muchThe widely accepted view is that houses are unaffordable because we do not build enough and this has lead to a shortage of supply. The stats I would always call on to counter this argument are that between 1997 and 2007 the housing stock grew by 10%, but the population only grew by 5%. If house prices were a function of supply and demand, they should have fallen slightly over this period. They didn't. They rose by more than 300%. The cause of house price rises is the unrestrained supply of something else: money. Mortgage lending over the same period went up by 370%.I was just doing some research this morning as those numbers are so out of date, but the latest numbers do not tell such a different story. In the ten years to 2021 the housing stock in England and Wales grew by just above 6%. The population grew by a similar amount - 6.5% in England and quite a bit less - 1.4% - in Wales. But average UK house prices over the same period went from £167,000 to to £270,000 (more in England). Mortgage lending, meanwhile, more than doubled (from £153bn to £316bn) over the same period.The relationship between money supply, aka credit, and house prices is obvious.Research by thinktank Positive Money shows that over 50% of the money created by banks when they lend now goes into mortgages. All that newly created money going to into a market where supply is constrained by planning laws will inevitably push up pricesThese two charts from Positive Money illustrate the relationship between credit creation and house prices.Here is London.I'm not saying population growth doesn't affect house prices. It does. So do dumb planning laws and the restrictions they place on new build. But neither to the same extent as money or credit supply.Even the Telegraph admitted this yesterday, albeit accidentally, saying: “The jump in house price cuts corresponds directly with a doubling of mortgage rates”.The Bank of England does not factor money supply or house prices into its measures of inflation, it only includes a basket of consumer goods and services. These goods and the services are prone to the deflationary forces of globalisation and increased productivity: that is to say the shirt on your back has got a lot cheaper because it is now made in Bangladesh where labour is a lot cheaper than it was in Manchester, or wherever it was made a few decades ago.Thus the Bank has been able to say inflation is low for decades, it has kept interest rates too low for decades, money has been too cheap for decades, people have borrowed for decades and house prices have risen for decades.Quick - tell someone about this amazing article.Peak cheap labourOf late, we have hit something of a deflationary limit, albeit a temporary one. First, Covid-19 hit supply chains and that has pushed up prices. Second, the trend is towards more not less government intervention, regulation and taxation, which also puts upwards pressure on prices. Third, where does the world now go to find cheaper labour than in Bangladesh or China? Africa, maybe, or machines. But, for the time being, we have hit peak cheap labour.Thus has inflation spread, even by the Bank's measures, and it is forced to raise interest rates. Rising rates push up the cost of borrowing. Many that have borrowed can no longer service their debts, and so look to reduce their debts or offload the assets they have borrowed against. This puts selling pressure on the market.Rising rates reduce people's appetite to borrow, the amount they can afford to borrow and banks' willingness to lend. This takes buying pressure out of the market.The result is the panic we now have in the housing market. Falling prices, bearish sentiment and more. A third of all listed homes are now discounted. But, at 5%, the Bank of England base rate is still too low. Its own measures say inflation is 8.7%. Truflation has it at 11%. If you can borrow at 6%, and real inflation is 11%, in a way you're making 5%, though few will see it like that.What happens if rates go to 8.7 or 11%? It's not like this hasn't happened before.I'm now 53. I've watched and been dumbfounded by the UK property market for too long. It is awful what it has done to this country, in my view, pricing out an entire generation, reducing family size and all the rest of it. For years every other government policy, it seems, is aimed at propping up the market, rather than letting it correct. That makes me reluctant to go all-out-bear in the way that many have done, and call for 35% corrections in the housing market. There are two ticking time bombs, however. First, the Bank really does lose control of inflation and we get some kind of currency crisis. This would tie in with my cycle, Frisby's Flux, which suggests we could see lows in sterling next year. Second, the sheer number of fixed deals that are coming up for renewal in the next couple of years. This will see something in the region of two million households faced with mortgage repayments of at least double the level they were when the original deal was taken out (see below chart). Many are not going to be able to meet those repayments. The Office for National Statistics (ONS) says 57% of UK fixed rate mortgages were fixed below 2%. Forced sellers will quickly drive down prices. The government will no doubt find ways to prop up the market. It knows this is coming. But housing markets move slowly. Housing crashes are only called crashes in retrospect. I think houses almost certainly get cheaper before they get more expensive again. If you are looking to buy a home, unless it's really urgent, I would find an excuse to wait, perhaps until 2025, as this 18-year cycle suggests.This August Dominic will be performing one of “his lectures with funny bits” at the Edinburgh Fringe, at Panmure House, the room in which  Adam Smith wrote Wealth of Nations. This one is about gold. You can get tickets here.Interested in buying gold to protect yourself in these uncertain times? My recommended bullion dealer is The Pure Gold Company, whether you are taking delivery or storing online. Premiums are low, quality of service is high. They deliver to the UK, US, Canada and Europe, or you can store your gold with them. More here. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe

Novara Media
Sunak: “It's Going To Be Ok, I'm On It!”

Novara Media

Play Episode Listen Later Jun 22, 2023 54:53


The Bank of England have increased their interest rate for the thirteenth time in a row. But it’s okay because Sunak says everything is fine. We speak to Fran Boait from Positive Money. Plus: Starmer’s Labour refuse to break ties with Mandelson despite damning new revelations; and the Telegraph are having a moral panic about […]

TyskySour
Sunak: “It’s Going To Be Ok, I’m On It!”

TyskySour

Play Episode Listen Later Jun 22, 2023 54:53


The Bank of England have increased their interest rate for the thirteenth time in a row. But it's okay because Sunak says everything is fine. We speak to Fran Boait from Positive Money. Plus: Starmer's Labour refuse to break ties with Mandelson despite damning new revelations; and the Telegraph are having a moral panic about […]

Winning Mindset Mastery
How To Keep A Positive Money Mindset

Winning Mindset Mastery

Play Episode Listen Later Jun 12, 2023 7:55


Wealth building is more than simply implementing a solid financial strategy. Most importantly, it is all about having a positive money mindset that does not invite doubts and fear. April Shprintz is here to break down the six different categories of people's fundamental beliefs in money. She explains why you should always see wealth as an amplifier of freedom instead of the root of all evil.Join April as she brings her infectious energy, passion and expertise in helping people from all walks of life master their mindset and begin to create massive success in all areas of their life.Master Your Mindset, Master Your Life!

Her Money Matters
The Power Of A Positive Money Mindset | HDM Birthday

Her Money Matters

Play Episode Listen Later Jun 8, 2023 12:37


Since this podcast started back in 2015, we've heard a lot about the power of our money mindset and how our beliefs and attitudes around money can have a big impact on our ability to manage all aspects of our finances.If we believe that money is hard to come by, or that we don't deserve to be wealthy, then it will be very difficult for us to achieve financial success. For this reason (and to celebrate Her Dinero Matters 8th birthday), we hit the archives and share some of the most powerful snippets from past episodes all about our money mindset. Don't forget to participate in our giveaway! All the details are in today's episode, don't miss it and share the fun with a friend, co-worker, family member or even a stranger

Her Money Matters
The Power Of A Positive Money Mindset | HDM Birthday

Her Money Matters

Play Episode Listen Later Jun 8, 2023 14:36


Since this podcast started back in 2015, we've heard a lot about the power of our money mindset and how our beliefs and attitudes around money can have a big impact on our ability to manage all aspects of our finances. If we believe that money is hard to come by, or that we don't deserve to be wealthy, then it will be very difficult for us to achieve financial success. For this reason (and to celebrate Her Dinero Matters 8th birthday), we hit the archives and share some of the most powerful snippets from past episodes all about our money mindset.  Don't forget to participate in our giveaway! All the details are in today's episode, don't miss it and share the fun with a friend, co-worker, family member or even a stranger

Money Mindset with Gull Khan
Money Mindset with Gull Khan | Episode 435 | Five Golden Rules for Investing with a Positive Money Mindset

Money Mindset with Gull Khan

Play Episode Listen Later May 29, 2023 21:21


Welcome back to Money Mindset with Gull Khan. In today's episode we're talking about the five golden rules for investing with a positive mindset. Let's find out! And if you want to upgrade your money mindset, then click on the link https://www.millionairefoundations.com/ and watch my free training. Connect with Gull: Facebook: https://www.facebook.com/TheGullKhan Instagram: https://www.instagram.com/moneymindsetwithgullkhan/ LinkedIn: https://www.linkedin.com/in/moneymindsetwithgullkhan/ Pinterest: https://fi.pinterest.com/moneymindsetwithgullkhan/ Ready to rewrite your money story? Register to my Five Day Millionaire Mindset Makeover Workshop here: https://www.abundancemindsetmakeover.com/ Visit our website for more information: http://gullkhan.com/