Hello everyone, welcome to another video I am super excited today because I actually have a guest here with me, Nikki who is actually one of my previous one-on-one money coaching clients, so I thought I would bring her on just to chat about like what her experience was like working with me, and so welcome Nikki she is a mother of 4 who is going through a divorce it isn’t final just yet. If you don’t have time to watch the video feel free to read the transcription below!
Interviewer: Hey, thank you for joining me and you’re in like sunny California, it’s like raining here in Boston.
Respondent: Actually I’m in Oregon and the rain hasn’t started yet.
Interviewer: Wait why do I think you’re in California?
Respondent: Because I always say California time.
Interviewer: Okay, every time we have to do our meetings every now and then sometimes I just forget that she’s in the California time and I’m on Eastern Time. Okay so let us get started, so what made you actually decide to reach out and work with me?
Respondent: Well I love money talk; I’m just that kind of nerd. So I was listening to the pay checks and balances podcast and you were on there, and I was like yes that’s what I need, I need a money coach. So I got on to your website and signed up for your emails and then I just took the plunge.
Interviewer: Nice, okay so before signing up what do you feel like your biggest struggles were?
Respondent: I’m good with my finances when I’m paying attention to them but I’m also really good at avoidance, so I can go three months and just not pay attention, you know that kind of money management where you spend all the money you want the first two weeks of the month and then the rest of them are just kind of okay now it’s time to buckle down and see what’s what and like by then it’s already too late.
Interviewer: Yes I definitely understand, I know that you’re not alone a lot of people probably thinks that same issue, because it’s easy to just kind of like ignore it.
Respondent: Yes and that’s how I grew up, parents got paid so it’s time to go out to eat.
Interviewer: Okay I see.
Respondent: Bills be damned.
Interviewer: That’s so funny. So you feel like your parents played a role in this, like your environment growing up that was our first session we talked about like money mindset like your family background.
Respondent: Absolutely you have to start from the beginning, I mean no shade to my parents they do the best they can but yes I mean they should teach money management in schools.
Interviewer: Definitely I agree, I agree a hundred percent. You know what was interesting is working with you is that like you were really good at Excel, like you know how to use Excel, you are good at creating everything that’s why I was just like so shocked, so do you feel like the value for you was just having someone to talk to, like that accountability factor?
Respondent: Absolutely, I mean I know we talked a lot about me being my own boss and having my own business and I’m the kind of person if my friend or potential client comes to me and they need me to do XYZ, I’m on it but when it comes to me, myself I’ll get to it. So it’s definitely about having someone on my team, I mean I’ve learned so much in that four months that we spend together just about myself and how I work, I don’t like working for other people like in a company because I like to be creative and kind of go out on my own and you don’t always have a boss unless you run the show.
So I need to work for myself but I also need that like accountability and discipline that working with a team kind of gives you, so having a money coach you’ve got a team, you’ve got somebody to talk to about it, you’ve got somebody’s going to hold you accountable so it’s not just because yes I can make a brilliant spreadsheet but then who is going to look at it you have to actually follow it.
Interviewer: That is very true, okay that makes sense. And also what was interesting about your situation is that it wasn’t just you with the budget, you also have like a family, you have kids and a spouse that you were with and so I just found it was different handling your finances as a family unit versus just like an individual unit, do you want to talk a little bit about that?
Respondent: If there are free people out there who don’t have four kids and soon to be ex-husband who are these people.
Interviewer: Yes there are people out there like that.
Respondent: And they should have no problem doing anything, I don’t know what their problem is.
Interviewer: I know, it was definitely different because now you have to worry about like the activities, it’s just like more food you’re budgeting for, so it was a lot of like differences working with you versus with somebody who is single, what surprised you the most or made you like the happiest by working together?
Respondent: I really like where you started, you didn’t just jump in with a budget. We talked about bad habits, we talked about where your money mindset comes from as far as your childhood and your parents, and I loved the affirmations like it’s crazy because I was such a big affirmation person like a couple years ago and I guess I just kind of forgot, so when you were like we should do affirmations like yes we should.
Like I still say my affirmations every morning and every night and sometimes when I’m getting ready to work because focus is so hard when you work for yourself and you’re in your house, you know there are other things you could do besides getting ready to work. So sometimes I say my affirmations before it’s time to get to work so I say okay now it’s time to do the work.
Interviewer: Yes that makes sense.
Respondent: Because you can’t make the money if you don’t do the work, darn it.
Interviewer: That is very true; definitely need that money coming in. So how do you feel like your life has changed from like when we first started working together to now?
Respondent: Well I feel like that was the shot in the arm I needed to get myself together, I definitely had been doing avoidance and then going through a hard time, I’m going through divorce right now so trying to I mean if there’s ever time to get your ducks in a row it’s when you’re going through a divorce. We’ve been married for 16 years so I’ve got to be the person by myself, I mean he’ll do something help with stuff but for the most part I have to figure out how to spend the money and how to budget it and how to make more money because I haven’t worked full time in eight, nine years and I don’t intend to.
So I’ve still got to work on maximizing the amount of money that I’m bringing in, so it’s really allowed me to buckle down and see okay this is what you need because that’s half the battle, sometimes you’re out here trying to get more money get more money and you don’t even know how much money you really need.
Interviewer: So I think that’s why the budgeting and working together was helpful because you actually got to see everything, like what do I actually need to lose.
Respondent: Absolutely, yes the part where you actually pull down all the bank accounts and see that you’re spending $900 in a safe way a month, like really yes. I mean it wasn’t all on food there’s probably like a beach ball or something in there somewhere but still yes that’s a lot, so to actually see the numbers I’ve actually noticed that I could probably cut my food budget in half, like I’ve been saying a certain number every month it just kind of going with that. When I actually dial back and saw what was really food versus what was job versus what was kids throwing stuff in the basket, I’m like I could spend probably at least 60% of what I’m really thinking I’m supposed to be spending, so that’s major.
Interviewer: That is major, because before I remember you saying like you just go out and run back to the store when the kids run out of their snacks, you’re like I have to buy more.
Respondent: I have to buy more. Well girl I tried blocking the pantry they just broke the knob off.
Interviewer: And they are all boys too right?
Respondent: Yes I do.
Interviewer: Okay last question for you, I appreciate you being here again, so what advice would you give or what would you say to somebody who’s like on the fence, they’re like I’m thinking about working with a money coach but I feel like maybe I could just do this myself?
Respondent: You know for me I am a real big extrovert and I’m a real big team player so I need that accountability, I would say if you’re on the fence give it a try because two heads are better than one, and we all have strengths and we all have weaknesses, so you might as well try to help rely on somebody that’s got some extra knowledge that you might not have, even if you think well I can do math’s just because Candace, maybe and but if you know somebody’s going to call you every two weeks and check on you to see what you’re doing, especially if you’re single and don’t have kids since that’s the thing, you might want to have another voice to kind of jump in and look at what you’re doing, two sets of eyes on your budget who wouldn’t do it, it doesn’t make sense not to do it.
Interviewer: That’s awesome, I’m so happy that you would like…
Respondent: It’s the truth.
Interviewer: I appreciate it. You know when I am interviewing people I never know really what they are going to say so I’m like oh that’s so sweet. Well thank you so much Nikki for being here I really appreciate you for like sharing your experience of working with me and thank you guys so much for out there for watching. If you are interested in money coaching I’m going to leave my link below its Youngyetwise.com/money-coaching/ and that’s all I have for you guys today, as always be wise stay humble and I’ll see you guys next time.
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