Marie Forleo introduction

Hi!

I'm Marie

You have gifts to share with the world and my job is to help you get them out there.

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If you’re familiar with my work, you know money is a topic I like to revisit. Why? Because our educational system barely touches it. Many of us absorb some pretty unproductive beliefs and behaviors around money from our families, friends and society. Beyond your health (physical, mental, emotional)…

The single most important thing you can do for yourself is to take control of your money.

I used to be horrible with money. When I first started my business, I was deep in debt and felt an enormous amount of shame and embarrassment around my finances.

Starting to save is the most important thing you can do. @AmandaSteinberg Click To Tweet

But I made a promise to get myself educated and do the work. No matter how long it took — I was determined to turn my financial life around. Once that began to happen, I also wanted to pay it forward. That’s why I keep talking about this topic. It’s such a huge part of our lives and we’ve still got a lot of work to do. For instance, did you know that:

  • 2/3rds of the American population would struggle to find $1,000 for an emergency fund
  • In a 2017 report, half of all American households live paycheck to paycheck
  • 49% of Americans are concerned, anxious or fearful about their financial wellbeing

It doesn’t have to be this way. In today’s episode my guest is Amanda Steinberg, founder of Daily Worth and author of Worth It: Your Life, Your Money, Your Terms. This discussion is particularly relevant for those of us who feel intimidated by or even afraid of looking at money.

If you’re not sure where to start when it comes to getting out of debt, saving or investing, watch this now. You’ll discover:

  • How to understand your net worth and why it’s important (Amanda’s explanation is simple and to the point)
  • Whether you should pay off your debt first or start to save — a clear answer on this one!
  • Why chasing more money isn’t the answer
  • How to budget when you don’t have a steady paycheck
  • Amanda’s surprising personal goal of living on just 50% of her income and the interesting impact it’s had on her kids
  • Plus 3 tips specifically for entrepreneurs to help you take care of your finances now

Check out this episode on The Marie Forleo Podcast

Listen Now

If you’ve just discovered our world and want to dive deeper into the money conversation, check out our other MarieTV episodes about money here.

Once you’ve had a chance to watch, I’d love to hear from you. Which part of today’s conversation meant the most to you, and why? Leave a comment below and let us know.

Share as much detail as you can. Thousands of incredible souls come here each week for insight and inspiration and your story may be just what someone else needs to have a major breakthrough.

Important: please share your thoughts and ideas directly in the comments. Links to other posts, videos, etc. may be removed.

Thank you as always for reading, watching and sharing your voice.

You continue to make this one of the best and brightest communities across the entire online Universe.

With so much love,

XO

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267 comments

  1. Hosny

    marie an excellent teacher in all aspects. Professionally speaking, her knowledge is admirable. As for her efforts – she is the most dedicated teacher; very keen on making the learning and assimilation process efficient as possible

    • Julia - Team Forleo

      Thank you for these kind words about Marie, Hosny! We really hope you enjoyed this conversation with Amanda. So happy to have you here!

  2. Dee

    Wow, you are so in my head right now. I am a very successful professional and my finances are atrocious. My lack of education and discipline is rooted in lack of early training in handling money and emotional issues surrounding money. I can’t wait to view this episode. Thank you, Marie.

    • Julia - Team Forleo

      Hi Dee! You are SO not alone. Very few of us were taught how to handle money or related emotional issues, and taking responsibility for learning this in adulthood is essential as a result. We’re so glad this topic struck a chord with you, and hope you’ll find Amanda’s tips helpful in your financial life!

    • Hi Dee, Congrats on your awareness around what’s preventing you from handing your money powerfully! This video is so powerful – which insight struck you the most and what are you next steps to be as successful in finances as your work?
      🙂
      Jaclyn

  3. Curious as to the benefit of paying off my 30-yr mortgage faster with extra principle payments vs. paying off debt (on 0% credit cards). I am getting close to retirement age (planning on 70 to get the most SS), and still running my own business.

    • Julia - Team Forleo

      Hi there, Pam! Thanks so much for checking out this episode. While we’re not able to give individualized financial advice as we’re not financial advisors ourselves, there are a ton of great resources and info on Amanda’s website Daily Worth we definitely encourage you to check it out: https://www.dailyworth.com/.

  4. What a great video for today. It’s especially hard when you and your partner are trying to make it work, but are both apparently bad at it! It’s nice to know we are not alone. Currently looking for that 50% job for myself so we don’t have to depend on my little income from my (2) businesses and my husband’s income. Also a good point about houses. We will be in our house 3 years in August, and probably haven’t made much of a dent!

    • Jaclyn

      Hi Michelle, My hubby and I have really had to leverage each other’s strengths (he’s a strong saver, I’m a strong earner) and learn how to empower each other when falling into our weaknesses (his is underearning, mine is overspending)! I hear how ambitious you are to consider taking on another job – do you feel you are earning what your services are worth at your other 2 businesses? Curious, in case you are underearning (super common, especially for women). This video is so powerful – which insight struck you the most and what are you next steps to be create financial solidarity and strength with your spouse ?
      🙂
      Jaclyn

  5. Thank you so much for this episode Marie, Amanda and the Team. I feel like it just arrived at a perfect time for me. I will definitely start from calculating my NET worth, now when thanks to you I know how to do that!
    As always, I am sending an ocean of gratitude your way!

    • Julia - Team Forleo

      We’re thrilled to hear this episode came just when you needed it, Ula! We hope you’ll find these strategies supportive of your financial well-being 🙂 Thanks so much for watching.

  6. B

    Love the curve ball idea. I have been putting everything into savings and when it gets wiped, it hurts!

  7. This has been a difficult lesson to watch. My business has pretty much dried up and that even after 36 years. Yeah, I feel shame and irrelevant. At 59, it’s hard to consider a “bridge job” that can fill the gap financially and not be something like flipping burgers. I still want to keep active in my business when I have business but after 5+ years of struggling, it’s time to build that bridge. Interestingly, I’m suspicious that at 59, I’m getting overlooked. Hate subscribing to “isms” but it’s been interesting to observe. Credit card debt is at 35k which isn’t a lot compared to some but when nothing is coming in, it’s a pretty hard hill to climb.

    • Julia - Team Forleo

      Karl, we completely hear you and are sorry that you’ve been finding this transitional period in your life challenging. It’s incredible that you’ve been in business for 36 years – this is a HUGE accomplishment! Know that you have such important, unique gifts and wisdom to share in any position you may find yourself working in the coming years. We know you’ll find the perfect use of your talents and way of working through that debt. Sending lots of positive wishes your way!

    • Believe me Karl… You are not alone. My situation mirrors yours. Starting over again… and believing in unlimited possibilities! The knowledge, wisdom, skills and strenghts that you have can be used in whatever way that has meaning for you. Stay with what you love and what you have passion for! I know we can both create it better than ever!

      • Love your “I’m gonna figure this out” attitude, Rene! Go you! 🙂

  8. Geanine Andrews

    Curve ball account = amazing!!! Doing this asap!

  9. This was the first video on finances I ever watched that left me encouraged instead of overwhelmed. As a young entrepreneur, I appreciated steps designed just for me to start getting ahead of my finances. Thank you!

    • Julia - Team Forleo

      Wonderful Alexis, we’re SO glad to hear this was encouraging for you!! You’ll absolutely be getting yourself started on the right foot financially by following these strategies from the outset of your entrepreneurial journey. Excited for all that’s ahead for you!

    • So awesome that you’re getting started on the right foot at an earlier age than most, Alexis! What is your work as an entrepreneur? Building my own business, I know how powerful it is to earn confidently and use money as a tool for you to scale your business versus an obstacle! What insight from the video had the biggest impact for you?
      🙂
      Jaclyn

  10. Love the curveball account because that is so true in life that they come! Like she said, about every three months!

  11. Jean Howell

    Some great tips for my future savings. All mine went when I lost my job 16 months ago and I’ve been working hard to get back to work since then. Can’t wait to do the save and slide dance!

    • Julia - Team Forleo

      Hi Jean! We’re so sorry to hear you lost your job recently and are sending lots of positive, abundant wishes your way that you’ll find the perfect position for you. YES to the save and slide dance!

  12. Thank you Marie and Amanda!🙏🏼 So, the plan of action is setting up these curveball and savings accounts ASAP. Definitely getting her book when I get a chance and applying when I can. So grateful for all of these tips and advice.

  13. Thank you for your very kind and generous reply Julia. I’m finding increasingly difficult to stay positive and motivated. I do understand that controlling my thoughts and actions are paramount and have a new appreciation for others that struggle. All that said…onward we go. Have a great day and thanks again!!

  14. Rebby

    This is soooo needed. Thank you, Marie!

    I have 1 big struggle though when it comes to money. I try to do all the right things – particularly living below my means. I drive a very small, entry-level car, and have done so for 4 years. I go for months without buying ANY clothes. I do my hair myself. I live in a bare apartment because who really needs accessories and pretty pieces of decor anyway…
    But I have times when I get incredibly frustrated that I can’t have the things I want despite the fact that I can “afford to”, and then I impulsively go on a “spending spree” to get all the things I’ve been eyeing, which then takes me back again in terms of the progress I’d made. How do I manage that?

    • Julia - Team Forleo

      Hi Rebby 🙂 This is such a great question. And kudos to you for consistently making an effort to live below your means – this is not easy! Since you mentioned sometimes getting frustrated about not having the things you want, and also that you’re able to afford some of these things due to your diligence, I wonder if you could find a way of regularly treating yourself to things that truly bring you joy? This way, you can do so sustainably, while enjoying your life fully, and also not needing to go on excessive spending sprees that sabotage your progress. I know for me, often when I “withhold” or restrict things from my life completely, this will eventually lead to some sort of binge or getting off track. I hope this helps!

      • Rebby

        Definitely does help. Perhaps it would be good to have a monthly amount I’ve budgeted for my “wants”, as opposed to only focusing on savings and necessities. Thanks so much for your advice!

  15. Marie! Thank you so much for this episode! I have been struggling with having a side hustle. I have clients that comment on why don’t I just focus on my business….the last couple of weeks I have really struggled with am I being authentic by working doing other things instead of 100% focus on being an entrepreneur. Quite frankly I have been doing therapeutic massage for 20 years, but have always had a side hustle and have been massively criticized for this.
    It was so refreshing to hear this episode!
    Thank you so much!

    • Jaclyn

      Mellisa, A powerful distinction you can share with your ‘critics’ is that you taking the initiative to increase your revenue by working 2 lines of work simultaneously, is what makes you an authentic entrepreneur. Folks who remain limited by their circumstance and don’t innovate other streams of income fall into the self-employed bracket (nothing wrong with that at all, btw), but there is a unique distinction of being an entrepreneur and you can educate your critics on that. Entrepreneurs often break the mold and create new ways to get where they want to go – kudos to you 🙂

  16. Maria Rodriguez

    This pod cast is an eye opening, I am struggling with debt and don’t have an emergency fund set aside, living pay check by pay check and trying to pay credit card debt that never seems to end. How can I pay my debt and still save money? Is there a way to calculate the amount I can pay towards my credit card if I cannot pay it in full?
    Thank you for all the good you are doing.
    Marie

    • Julia - Team Forleo

      Hi Marie! This is such a great question and we want you to know that you’re not at all alone. We love that you’re thinking about ways of improving your financial life, and while we’re not able to give individualized financial advice, there are a ton of resources on Amanda’s website Daily Worth and we’d encourage you to check it out: https://www.dailyworth.com/.

      We’re wishing you all the best!

    • Victoria

      Look closely at your spendings. Where does your money go? For example: do you need to pay $100 for a phone bill? I pay $25 plus tax ($28) with T Mobile and there is no contract, but I have unlimited calls & texts. I get WIFI on it when I’m at home, or work or in the subway (there is free WIFI), otherwise I don’t need to be glued to my phone, I really don’t. Do you overtip perhaps? (the whole tipping culture is quite ridiculous in NYC, deliver me an exceptional service and only then you get your 20%, if it’s less than exceptional you might only get 10%, again it’s you who decides how much to tip). Next, where do you buy your clothes and how often? If you want to look hip & sexy you shop at H&M it’s Swedish design and you can’t go wrong with it, you have to have a good taste and dig out great finds there but it’d doable. etc etc… …and most importantly don’t ever buy what they sell you, just listen to yourself and see if the price tag reflects the value. I’ve lived in several different countries so the quality you get in the rest of the world for the price they ask is so much better than in the US and so I am very careful at examining what I am getting based on the price they ask here. Value is everything.

  17. Tori

    I read a quote once that has recently made me double think spending—
    ” Think about when all your clutter used to be money”

    It has helped SOOOO much on my visits to my favorite stores.

    • Julia - Team Forleo

      LOVE that so much, Tori! Thank you for sharing it with us here 🙂

    • Victoria

      Exactly. What an amazing insight. To me clutter is just plain scary. I briefly lived with an old hoarder woman when I moved to NYC and I was literally depressed at how her apartment looked because I never accumulate things and her place was such an emotional drag. Clutter is where all your precious hours of hard work end up. Never buy what you don’t need.

    • Ohhhh….that quote needs to be printed out and hung up in my house. I am a terrible collector. All my FUNKO pops used to be money!!

    • Kevin Jones

      LOVE this quote.

  18. actually after a long worklife or let’s say career I realized that the important problem is, I don’t know how to earn. With this video I start to think out of box (I mean out of my country) and try to find side jobs.
    thank you.

    • Jaclyn

      oooh, that is a powerful insight!! Go take action and earn, baby, earn (and love yourself up no matter what stage you’re in as you explore job options that light you up!)

  19. Tsholofelo Seabo

    Thank you! I’m definitely opening up a curve ball account.

  20. Thank you thank you thank you!! Honestly, this came at the perfect time, as I’m currently navigating my way out of debt (credit card and student loans) and wanting to build a strong emergency fund as well.

    I love, love, love the insight of not throwing all of my money at my debt the moment I get paid! It’s such a difficult cycle of getting trapped with even more debt! Thank you for this little flash of genius – just what I needed.

    I can’t wait to read Amanda’s book – it definitely just shot up to #1 in my ‘Up Next’ reading! 🙂

    • Meghan Ralph

      Right! thank info about not throwing money at debt was awesome! Opened my eyes a bit!

    • Julia - Team Forleo

      Fantastic, Alex! So glad to hear these tips were helpful for you and came at the perfect time. You can do this! Really hope you enjoy Amanda’s book 🙂 Thanks so much for watching.

  21. After watching this I know I need to get a side job at a restaurant or something so that I can be bringing in a consistent income while my business is growing. And that there is no shame in that!

    • Julia - Team Forleo

      Yay, Lynleigh! You’re going to find your side job so liberating. Absolutely NO shame whatsoever – it’s incredibly smart of you!

    • Jaclyn

      TOTALLY! It’s almost a ‘rite of passage’ for many people as they grow their business. A cool idea is to also explore what kind of side job you can do that is relevant to your business (will provide you invaluable experience and market research and a network!). What is your business, Lynleigh?
      🙂
      Jaclyn

  22. KATHRYN L ST PETER

    Love encouraging people to talk about money and living below one’s means! Exciting lessons in this; thank you both for the truly wonderful work you do!

  23. Biggest insight for me is, save first! I was doing what Amanda mentioned about looking at debt as a disease. I always throw money at my debt first, sometimes to the point where I barely have anything left for groceries!
    Little bit of a huge shocker was calculating my net worth. Ooh Em Gee!
    I did start an extra account called “budget line” for myself a few months ago and I try to keep that for curve balls 🙂
    I’ll have to do more “save and slide”-dances to get more money-positive 🙂

    • Julia - Team Forleo

      Sounds like you’re definitely on the right track, Eline! Here’s to doing the save and slide – you got this!! 🙂

  24. Marie, THANK YOU For this episode. This has helped me so much. Hearing you say it’s ok to have a bridge job and that it helped you be more creative because you were secure in your earning without having to stress your creative process to get the $$$ helped me release a lot of shame. I am the same way! Having a bridge job affords me so much piece of mind so I can create. Thank you for helping me see things in a different light today. Also! I love the information on how paying down debt often doesn’t help it be paid down! This was a great episode and I gained a lot from it.
    Thank you! Go Team Forleo!!!

  25. “Think of money as something that makes a stronger you so that you can be a better somebody for everyone else”. WOW!

    Most of us need to first change our perspective about money. After that, everything else will follow. Money is such a big part of our lives and once we get our finances under control, all the other areas of our lives will just soar!

    I attended a life-changing money seminar called the ‘Millionaire Mind Intensive’ here in India last month and discovered that there is a personal “money blueprint” ingrained in our subconscious mind which determines our financial lives. Until that is set for a high level of success, there is no way of attaining wealth and financial freedom. So, I implore everyone in this community to attend that seminar in your city ASAP. It’ll transform the way you think about money and finances.

  26. Ginger Curtis

    Many insights here: creating a “curveball” account–so I don’t dip into savings for those inevitable and random expenses. That way, I can emotionally/physically prepare for a loss while I’m building $$$$ in a savings account at the same time. The savings account can become a non-negotiable non-touchable. The other insight came at the very end (after the CopyCure ad) with the “savings slide,” a new dance move to link endorphins to saving! I also like the metaphor of making/saving/spending money as a video game. It takes the pressure off the reality of life and makes it more like a fun adventure.

    Action steps: set aside $$ for the Curveball Account; dance the Savings Slide at least three times a week. Thank you Marie, Team, and Amanda!

    • Ginger Curtis

      Amanda, have you created a net worth/liability game app to go with your book? 🙂

      • Julia - Team Forleo

        Hi Ginger! We’re thrilled you had so many great insights from this episode 🙂 Absolutely love your idea of making your financial life into a video game and adventure! Your clear action steps are beautiful. Enjoy doing that Savings Slide, often!

        We don’t actually believe that Amanda has an app to go along with her book, though we do hope you’ll check out the book if you’re interested in learning more!

    • Jaclyn

      Haha, I LOVE your playfulness when it comes to money! Lightening up when it comes to finances is a ‘gamechanger’ indeed (pun intended 😉 LMAO

      🙂
      Jaclyn

  27. M

    This interview and topic comes to me at the exact right time. My financial struggles have taken me to the bottom and trying desperately to crawl back out of the hole. Thank you!

    • Julia - Team Forleo

      Sending lots of positive, abundant wishes your way, M! You will get through this! We’re glad this came at the right time for you.

  28. Francesca

    I became more relaxed listening to your guest talk about downsizing and not coloring her hair. We have been renting a house with our 2 kids and I struggle with feeling ashamed that we can’t afford to buy. I’ve been doing exactly the same, working on my income and not on my assets. I also love the living on 50%, but I think it would be easier if just I were in charge. I would love to cut cable, for example, and he won’t. Would also love to hear more about the effect cutting expenses has on kids and how to talk to them about it without making it always about money.

  29. Nancy Pulecio

    Marie: as always a wonderful and interesting teaching.
    Thanks so much!!!
    Nancy

  30. Victoria

    I think it’s great she talked about her tiny apartment after a big house. While I understand the societal pressure to have more I believe we all should closely listen to ourselves and to what o u r needs really are, buy what y o u want, not what they market to you. Luckily I was born in a different country where we didn’t have credit cards and that served me well during my 20 years in the US where I don’t owe and never did, but I own quite a bit, even though I am not a big earner (not at all due to my dreamy artistic nature), but I am content with life as long as I do what I love, learn & grow and have always less, rather than more. “More” makes it hard for me to move through life in an effortless way…There is a wonderful book by Lynne Twist called The Soul of Money — a must have and a beautiful read too.

    • Julia - Team Forleo

      It sounds like you have an absolutely beautiful relationship with money, Victoria! Thank you so much for sharing your experience and wisdom here. I love that – “I am content with life as long as I do what I love, learn & grow…with less, rather than more” 🙂

    • Jaclyn

      OMG, Victoria, The Soul of Money is one of the biggest influences on my own life and my business! I wept and rejoiced throughout the whole thing!!!!!!! (and now have philanthropic, impactful contributions baked into my biz model – uncommon in the coaching world I’m in!) Also, the bit about making financial decisions based on an intentional inquiry into one’s core desires, also woven into my life and my work. What is your work in the world ? ( you mentioned you’re an artist? -I’m an opera singer… we are the dreamers indeed!!!!!!)
      🙂
      Jaclyn

      • Victoria

        Hi Jaclyn, I create beauty 😉 right now mainly graphic design, but I also do photography and home & personal styling 🙂 …Opera singer sounds so badass!

  31. Marty Landau

    I so needed to hear this thank you, I’m in B-School right now and this piece is exactly
    what I is necessary for me to move on.
    I’m opening a saving account for each pay check and creating a curve ball stash. lots of love, marty

    • Julia - Team Forleo

      YAY – go Marty!! Happy to hear this was just what you needed to keep moving forward 🙂

  32. Leesa Vann

    I LOVED the show today! I too am embarrassed of my money and living pay check to pay check. But listening to the show today helped me to realize I must save for my emergency fund and that “curve ball” account. I am one that focus on paying off all my bills but not having any savings for myself. My biggest take-away today is, “The more you care for yourself, the more you can care for others.” I’ve always put myself last…but I’m changing that today!

    • Julia - Team Forleo

      YES, Leesa – this is such a wonderful takeaway. You’re not alone in feeling this way, and you can choose in every moment to live and prioritize differently. We’re cheering you on as you begin taking care of yourself, first and foremost! So glad you enjoyed this conversation. xoxo

    • Jaclyn

      ooh, girl, that groundbreaking insight is gonna rock your whole world in the best way possible! Gotta fill yourself up if you wanna pour into others 😉
      Jaclyn

  33. Great piece thanks Amanda & Marie – lots of super information & ideas in it. I will definitely re-watch again and take some notes! Loved when you both mentioned the bridge job, sometimes on business groups comments are made about you not being committed to your business if you still have a day job. Having one definitely gives me the stability I need in the meantime 🙂

    • Julia - Team Forleo

      Thanks so much for watching, Bernie! We really hope you’ll find these strategies helpful in supporting your financial health. It’s wonderful that you’re utilizing your day job to support your business growth and if you need extra encouragement, be sure to watch this: https://www.marieforleo.com/2016/11/day-job-and-follow-dreams/

  34. What type of financial professional am I looking for when I want to sit down, go over my entire financial picture (and I mean EVERYTHING), and develop a short and long-term strategy? Also, how do I check the credentials of this financial professional? If this “financial professional” is still working for a living and not retired on the beach, then how do I know that they have the expertise that I’m seeking and aren’t another struggling stiff? There are many people who are “financial advisers” whose lives I look at and wouldn’t go to for advice. Where are the quality financial advisers found?

    • Julia - Team Forleo

      Hi Tina! This is such a great question and we love that you’re doing your research and being so discerning about who to go to for financial advice. While we’re not able to recommend professionals ourselves, we encourage you to keep doing your due diligence and carefully checking on references. Marie shares some more tips on how to hire the right people right here: https://www.marieforleo.com/2011/02/watch-hire-business/

      We’d also encourage you to check out Amanda’s site Daily Worth, for a ton of great financial information and resources! https://www.dailyworth.com/

    • Jaclyn

      Awesome that you’re doing your due diligence, Tina! I did a TON of research myself and personally chose to work with a female Certified Financial Planner (fee only) who works with entrepreneurs. Fee only means she gives unbiased financial guidance since she doesn’t make any commissions off financial products. A surprising discovery for me was learnign how important it is to find a financial pro that is an expert specialist in your business niche/industry, as there are very specific considerations (tax strategies, etc) for me as an entrepreneur that make a BIG difference for the most effective, relevant financial planning for me!

  35. So helpful! The tip about saving before paying off debt is a new concept for me – as is living on 50% of income.

    As a newly single person still sharing expenses with my ex and paying for kids, it’s tempting not to track all this and throw up my hands, but as I come around towards taking FULL responsibility for my financial health, MarieTV and School is the best.

    Thanks!

  36. Lisset Sanchez

    This was an excellent video to watch. Amanda was quite informative and I agree with the points she mentioned. There is this misconception that appearance means wealth. Thank you for sharing this information, Marie & Amanda. I am going to look into her book.

  37. Listening to this episode I realized that I never made depth in my life and I feel so grateful for that. I love the idea of calculating my net worth. And was very impressed to understand that people who earn millions a year might have a negative net worth while my net worth is positive 🙂 That makes me feel rich already now although I am quite at the beginning of growing my own business <3

    • Julia - Team Forleo

      Love this, Elisabeth! YES to positive net worth and feeling rich 🙂 Keep up the amazing work, you’re off to a great start!

    • Jaclyn

      Wahoo! leaning into feeling of rich (however you define it) is a great hack for telling the universe to send more richness your way (in all forms – money is energy after all)

  38. Barbara

    This is a good reminder for me to separate my emergency money into a curveball account and keep my savings in another. I am usually pretty good about saving, but have been going on a bit higher spend time lately. So good information. I have also been challenged to buy nothing new for a month. I will plan to do this and see how it feels. Thanks for this information.

  39. ROCIO

    I’m just starting to freelance and my paycheck is meager & at times non existent, but I’ve kept putting away 20 bucks at a time from my savings into an account not knowing what it was really for. I just started it and thanks to both of you now I realize it will be my curveball account. Im struggling to pull a pay myself from my freelance earnings. It’s difficult for me not to reinvest it into growing my company, but I didnt realize that Im becoming a hamster in a wheel just working with no end in sight. Figuring out my finacial net worth is my next step off the hamster wheel. Thank you both for relaying the importance of losing the fear of our finances and illustrating that our finances are a choice that we have the ability to change. Much love to you both for speaking out on this topic.

    • Julia - Team Forleo

      Hi Rocio! We’re proud of you for taking these steps toward saving, no matter your current income. This is a beautiful start! We’re excited that this conversation has helped you to take even more ownership over your finances. You can absolutely choose how to relate to this area of your life and we hope these strategies are helpful to you along the way 🙂

  40. Emily

    Whoosh! Marie and Amanda,
    This episode really has the tears welling! Total Hall of Famer!
    After taking B-School in 2017 and launching my business in October, this is the first time in 4 or 5 years that we’re not living paycheck (to credit card) to paycheck. My story has always been that I’m not a great earner because my creative talents and strengths don’t fit in to the economic system, so I have to figure out how to survive.
    Now this is my last week at work as a teacher, and I’m going with my business full time because its earning really well!!! And it’s an emotional transformation, that´s why tears come up. I had to take a walk. I´m releasing a lot of fear! I´m ahead of the game for the first time in years, but it´s taking some tears to get used to.
    But I’m pushing the emotional reset button. I think one thing that makes money very emotional where I live, is that there´s a lot of classism. Being a teacher has taught me that. And I’m pushing the reset button for my son. I even found my son a new school where 20% of the student body are scholarshipped and pay no tuition. I never want him to think of himself as inferior or superior because of money. That´s really important to me.
    So much love!!!

    • Julia - Team Forleo

      Emily!!! Congratulations! This is SO exciting, and we’re incredibly proud of you. We completely understand that this kind of transformation and leap bring up all sorts of emotions and it’s clear that you’re handling this with such awareness and grace. Your son is so very lucky to have you as a model and guide in this life for all that’s possible!

      In case it’s helpful as you prepare for this next chapter of growth, check out this episode about how to adjust your upper limits: https://www.marieforleo.com/2015/04/self-sabotage/

      We’re doing a big happy dance for you over here on Team Forleo right now!! XOXO

      • Emily

        THANK YOU SO MUCH JULIA!
        I´m copying your comment and taping it to the mirror. Plus, that’s exactly the one I need to watch. I’ve got my cushion in a separate account just like Amanda said, now I’ve got to make some of those other adjustments so I can rev up my net worth. 🙂

    • Jaclyn

      Such a beautiful share, Emily! I was a public school teacher myself and add the factual economical disadvantages of being a woman, we certainly get to dismantle all that with our magic and power as women entrepreneurs. What is your biz that you created with B School? (Virtual hug n high five to your success and so much more!)
      🙂
      Jaclyn

      • Love you Jaclyn!! Thanks!! YAAAS! I could really start to get used to this. 🙂 I´m a writing coach, so there´s a lot of cross over. I put the website in my name this time. What’s your business?

  41. Bea Moir

    I LOVE that Amanda is going natural with her hair!!! So am I!!! It’s the hardest yet most liberating thing I’ve ever done for myself. It saves me A TON of money, and who doesn’t want to do that?! It’s certainly not for everyone, but I’m slowly getting over societies opinions about how a woman should look at any age. I’m 41 and proud of my natural silver highlights ❤️. Great topic and discussion about money BTW. I needed this message to start the day. MUAH!

  42. This may be my fave episode, yet! I love this topic and we don’t talk about it enough! This conversation could totally be a part of mainstream culture and yet it’s just not! Thank you for this. Total affirmation that my ‘savings mode’ is the right mode AND i need a curveball account, stat!

    • Jaclyn

      Agreed and I am also proud of this movement to bring this money convo to light! Thank you for optimism and solidarity!

  43. Beth

    Paying Down debt if you are not using your savings ? Amanda mentioned savings first ?

  44. My biggest takeaway was living far below your means. I’m very motivated now, actually, to see just how low I can get my monthly expenses. I definitely feel the ‘game’ aspect you were discussing coming into play.

  45. Beth

    Best interview and info .. loved it!!

  46. Another excellent episode! Thank you for all the helpful information ladies! I have been putting off putting money into my emergency fund because I’ve been so jazzed about paying down my credit card. Taking your advice and changing that right now. 🙂

  47. Michele

    As a Realtor for over a decade, I must share how amazingly true all the comments in regards of RE. The 30 versus 15 years mortgage, the net profit when selling, not buying above your needs, a smaller home has his perks. I always say to my clients you don’t have to agree with what the banks are “willing” to lend you. I truly enjoy how Amanda pointed out to customize your purchases to your wants, needs and I would add to your knowledge and everyone has different personalities and motivation.

    • Julia - Team Forleo

      Thank you for adding your voice and perspective to this conversation, Michele! We’re so glad Amanda’s suggestions resonated with you and ring true with your own experience as a Realtor. Absolutely – everyone’s motivations and preferences will be different when it comes to making the right lifestyle choices for them! Thanks so much for tuning in and being part of our community 🙂

  48. Sharise C

    I am doing pretty well these days with savings, a growing emergency fund, and reduced debt ( I used to be a disaster). However, I realized I am leaving FREE money on the table by not maxing out my 401k and getting the full employer match.
    Thanks for the nudge. I am logging in to my retirement account to up the percentage right now!

  49. What an inspiring video today, thank you. I took away many tidbits today but the one that stuck out the most is “it’s okay to get a bridge job or a 50% job” while you’re building your business. I LOVED this because it made me feel okay again and that I am NOT a failure by going out and getting a side hustle to bring in more money.

  50. Lucretia

    I’m curious to know how others are managing their various accounts/funds (emergency fund, savings, vacation, curve balls, bills, etc). Are you setting up physically separate accounts or using a money management tool (like Mint)?

    • Mandy - Team Forleo

      Different things can totally work for different people. Personally, I like having separate accounts to really draw the line. We encourage you to try different things and find what works for you. 🙂

  51. OH BOY! This email came just in time! I just turned 40 and this year has been all about change- change for the better. Making my money work for me and not against me. Thank you Marie for asking the right questions. I do think you have a 6th sense. I loved this so much I paused it and shared it with some family and friends before I even finished it.

    I’m curios to know what Marie and Amanda think of the app “qapital?” I wanted to start saving a little here and there right away. This seems like a unique way to start saving.

    • Mandy - Team Forleo

      Great question, Kari! This is the first our team has heard about Qapital and it doesn’t look like Amanda has mentioned it on Daily Worth (at least not that I could find). Different things can work for different people, so if you’re feeling called to try it we encourage you to do your research, trust your gut, and go for it. 🙂

  52. This episode came just in the prefect time! Thank you Marie for always bringing so much wisdom and uplifting, helpful guidance to my life. Thank you Amanda for sharing your knowledge and experience! I just turned 40 and I have had never ever put attention to money. It just flowed to me when I needed it. I’m passionate about traveling, wellness personal and spiritual growth, so all income I got, I would invest it in myself. Never cared about investing in things. I learned many years ago the importance of living in a minimalistic, zen way, I have zero debts and it always made sense to me to live in small places. I never needed a car living in Europe, and now that I moved to the US, is the first time ever I’m on car payments! Moving to this country has made me focus in how money works, saving, investing, etc. It’s like algebra to me! I’m super creative and am always looking for many ways to have revenue as a freelancer and entrepreneur. I struggle very much with steady jobs, after 3 months in one, (I’ve tried to work in many areas and industries), I start feeling miserable, depressed, like in jail. Could you please give me any advice to overcome this? It has hunted me all my life, I can’t stand routine. Would love to receive some advice about changing this mind set. Is not easy to remain 100% freelancer when you’re totally new in a community. Also, it would be wonderful if you create an episode about dealing with money in a marriage? When the couple has different perspectives about how to manage it and spend it? For instance, I love living in small apartments, my husband likes big houses! Any advice on how to get to a middle point? I got married recently and money has been a reason for a lot of arguments :(. Once again. Thank you so so much Marie, you’re a star! 🙂

    • Mandy - Team Forleo

      These are really good questions, Erika! If you’ll write to us at infoATmarieforleoDOTcom, we’ll be happy to help you submit them for consideration for future Q&A Tuesday episodes.

  53. Love it when your episodes synchronize with timely life circumstance Marie!

    This one speaks especially LOUD and CLEAR to me!
    My fear of financial insecurity throughout my life was ingrained at an early age I think. Reflecting on this I think it was transferred to me some how from my mother who grew up during the depression. I grew up like a second hand Rose. I can’t count how many second hand stores my mother dragged me to! I’m not complaining here, just glad I did, because it helped me to learn to live within my means, to stretch that dollar, and to make do with what you have or haven’t got, and hey, get me some funky duds and a wardrobe!

    Like Amanda and you both, my working single mum taught me important life lessons about being independent, how to manage money and to live on not so much credit rich and cash poor. I was a slow learner mind you, but regardless better to learn these lessons later than not at all. I see now I absorbed more from my mother than I realized.

    I had crappy credit, and poor as a Church mouse for a long time. I re-established my credit, and I make that work for me now.

    I can not say enough about how important it is to educate yourself about money, how to manage it, and get empowered. It’s not magic here, just a willingness to make the effort and do the work, and get ‘er done!

    It’s a sad thing to think so many have the goal in life of getting themselves out of debt instead of saving.

    Your episode with Amanda really helped me to take an inventory of what I’ve learned and clarify in a practical way, just where I’m at now. And it looks better than I expected by times along the way!

    I turned the big 65 June 4th and finally am at a point where I’ll have that steady income so I can effectively build on my net worth through my assets which are much greater than my debt. I paid my house off four years ago. Can I have a Hallelujah and an Amen! Oh believe me, it wasn’t easy getting to this place, being an artist. It was as we say here in Nova Scotia, “Hard times in the Maritimes”. I had a whole shit load of “bridge jobs”, and a whole bridge load of just shit jobs! 😉 Lots of sacrifices, poverty, help from my beautiful, wise and strong mother, to whom I will be eternally grateful for.

    So much practical advice here. I wish this kind of information was part of the core curriculum throughout the educational system, especially for young girls!

    Thank you Marie and team for being there! You’re the wind beneath my wings!

    Cat Meyers

    • Mandy - Team Forleo

      Congrats, Cat! You’re a rock star and it’s awesome that you’ve paid off your house! 😀

  54. Perfect timing on this episode, this is exactly what I’m working on in 2018…building my funds. Thank you for introducing me to Amanda, buying her book now. I just sold my condo in Austin to relocate to a less expensive city….I’m slowly making steps in the right direction. Thanks so much for this episode, well done!

  55. Nancy

    Great solid advice. I would love to know what advice they have for single parents dealing with massive medical bills. Seems no way to get out of constant high deductibles that I cannot pay and are adding up year after year. There are many parents with children that are born with chronic health issues that are swamped with medical debt and it’s more challenging to keep it under control. Twenty years ago it was a challenge but doable. Now— its impossible — so I’m about to give up after trying so hard for many years.

  56. I LOVED this episode!

    Thank you, Marie and Amanda for discussing such an important topic. The part which I adored the most was the “cost reduction” and “living below your means” talk. As a minimalist, I’m constantly grateful for the little I need in my life to feel fulfilled. I think that in this day and age, people feel so much pressure by society to live and portray a certain type of lifestyle: an expensive one.

    Yes, who doesn’t love beautiful things? But, not every beautiful thing serves YOU purpose. I’ve noticed that when people hear “live below your means” they feel they have to deprive themselves. Totally not true. Amanda beautifully said it, “Once you start to challenge your core fundamental beliefs about what’s important, you might discover the joy of what actually matters to you.” In living below your means, you come to realize that what you thought you needed truly served no purpose in your life at all.

    Listening to this episode was a nice reassurance and it also reminded me so much about what my dad would tell me about money growing up: it’s not about how much you make, but about how much you save.

    Thank you again, Marie! Love the “M” ring, by the way….reads as a “W” for Wonder Woman, too 😉

  57. I love this episode! What I’m taking away is living as far below my means as possible. I know my boyfriend will love it. So I am going to send him this video right now and start brainstorming together.
    P.s. this is my first time posting a comment here. Yay!

    • Mandy - Team Forleo

      Awesome, Amanda, and thank you for commenting! You’re welcome to share your thoughts anytime. 🙂

  58. LOVED this! Last year I did a load of personal development training, some great some dubious. In terms of money management I learned T Harv Eker’s 6 Jars System which is just brilliant and can radically change your life. I was also taught that I should be ‘burning my boats and taking the island’ which I’ve realised is a complete load of BS so it’s great to hear the positive stance on getting a bridging/part-time job whilst I build my online business. I start back at work tomorrow in a high school and I’m SO looking forward to getting back to having a regular income and getting my finances back on track as well as having someone to talk to during the day! xxx

  59. Anna

    Great episode, thank you! I really appreciate the insights on the curve ball account and saving even when in debt and I really like the save and slide! Most important for me to hear was the reminder that debt can be temporary even if it feels like it is piling up right now. I do have a hard time with the bridge job/50% job though. I see how it works for other people, absolutely. However, in my personal experience (over the past 17 years) my part-time job always became full to nearly full-time and didn’t actually provide me with space and time to pursue what I love. I have faith that doing what I love can pay abundantly and have widened out my definition of “what I love”, and my income doing what I love has definitely increased over the past year, but my husband and I are still not earning enough to live on and thus are in more and more debt each month just to get by. Perhaps there is no answer other than to wait it out (we made a big move 2 years ago). Other than the fear creeping in from time to time and the money shame, I’m actually much happier and healthier and fulfilled than ever before. I would like to embrace the attitude of play more and more in regards to money, I just have to learn to not take losing so personally! 🙂

  60. OMG I love this video. I am so pumped up to change my stinky stack financial situation.
    My hubby lately is reading the Tony Robbins Money book and I am now thinking I need this book, but will try to get it from library as decided I spend far too much money on books! Tinkering about all the ways to save and try a wee trial of maybe 3 months or 6 or whole year where we say no to travelling or some other stuff and try to live below our means. Just as experiment 🙂

    • Victoria

      Arleta, library is a great way to go! I use it all the time now that I am in nyc, also I don’t like to buy informational book scause they are heavy. I own some art & photography books, but that’s different, it’s an object and a piece of art all in one. Tony’s book is good, I have it on my kindle, but The Soul of Money by Lynne Twist is even better, it’s more of a mentality around money that will change your relationship with it forever.

      • Victoria thanks for the tip!
        I will check the Money soul book. I got inspired after this talk and removed two direct debits subscriptions from my bank and one of them for auditable 🙂 But I got the ‘Worth it’ book for my last book credit. Haha feeling like true winner 🙂

  61. Amanda’s book is great! I purchased the audio book and loved listening to her insights. Today I learned I need to have a real savings account and a curveball account. I do that “throw money at my debt” thing and then find myself needing to use the credit card all over again because I have no savings to draw from. Credit cards are not helpful as savings accounts!

    • Heather- Team Forleo

      Thank you for sharing your personal experience and perspective, Deborah. We hope that Amanda’s book and this conversation are tools in your tool chest to help you live your best life. We’re cheering you on!

  62. Thank you. Appreciated this conversation so much.
    I feel nervous but inspired.
    This gives me incentive to tally my yearly income and expenses to date, along with cash flow from last year- and really move into action with my intention to create a budget with my partner that enables saving, even if tiny amounts at this stage of our lives (low income, high childcare early parenting years). I also know that this then will enable me better profit clarity about my business and profit needs/dreams. Thank you again! 🙂

  63. It’s not as much about not making the money as it is about keeping it. As the author of Infinite Pie: From Finance to Romance, the Parallel Feminine Frequency of Money & Love, my premise is that we all need to embrace the feminine trait of receptivity.
    Women especially, give away money power in the same way that women traditionally give away time, and care, and nurturing to others, and that leads to an imbalance that eventually results in hidden resentments, and dis-ease that may even kill.
    The bottom line: Every woman, single or married, must redefine selfish to mean self-care, and then learn to be very selfish. AND, every woman must have a secret stash of “mad money.” This admonishment is one of the most important lessons my mother taught me. And later on, as a social worker helping women escape from domestic abuse, the power of this lesson became brutally clear. Over half of the women returned to their abusers citing “lack of money” as the excuse. Simply, they lacked that secret stash of “mad money” that could have led to freedom from abuse. And that affects the children….
    Money equates to freedom. When freedom is owned as the number one value, and life is consciously lived from that value, there is power to live life on your own terms. Anything less than that, is claiming ‘victim’ as a self-image. If only schools taught self-worth and deserving along with money matters…. It’s not too late to learn.

  64. Thank you for this excellent episode.

  65. Tha Keo

    Saving Slide dance:) Thank you for this episode! I really love the Q&A breaking into stages of life & the life style we choose to plan. I am so fearful of looking at the numbers. It is scary. I am always in debt because I am a spender not a saver. What I took out of this interview is ‘what truly matters to me not what I think it should looks like getting toward my 40’s. Also thank you for explaining Bridge jobs. I get emotional knowing I will hate the job. Lots of helpful and empowering information. Amanda Steinberg is perfect for this interview. Thank you Marie and Amanda!

  66. Thank you Amanda and Marie!
    This show reiterated that I am doing alright, despite my low earnings.

    I love the curveball account and am going to make one!
    Also- as a small business owner who is still in start up thanks for the reminder of side jobs!

    Tips on frugal living from a single parent whose been there- don’t fee shame of you need to apply for food benefits- this can also help you kee saving. Barter/make/grow food. Share home with another single parent is also my favorite thing right now- low overhead, shared friends and support. I love re-imagining and creating a new American Dream where we all can thrive!

    • Mandy - Team Forleo

      Love it, Eleanor! These are such great tips. 🙂

  67. Another great classic to reference and share often! I love the observation I’ll paraphrase as “earning more doesn’t mean you’ll have more.” Yip. You really can’t out earn spending without a plan for that new additional income. The last bastion of my life-long educational experiment is accumulating some of that consistent good income I’m generating. I hired professional support two years ago, but didn’t get the ROI I wanted from the pro, and so just changed staff. They (and I) have six months to repair this cycle, with a nice doable set of tactics, or as I’ve said, “we’re both fired.” I look forward to having an Accounting Accountability partner for this next happy checkmark in my life lessons. This was a fun pep talk. (And I am all over every reason for an “I Did It” Dance!)

  68. Denise

    I am a saver and have a very conservative approach to finances. However, my husband is a spender and takes a riskier approach to finances. It has been extremely difficult for me to deal with this situation (as he controls the finances). A few years back I started having my company take a specific amount of money out of my paycheck and put it directly into an account that only I have access to. I now have money to spend on the things I want and have saved almost $30K. I would have more in savings except my husband was laid off 8 months ago and we had to dip into what I had saved until he was working again (he was out of work for about 5 months). Previously, he hated that I was taking the money that he didn’t have access to. Ever since I was able to “save the day” when he was laid off he has been more accepting of having the money put into a separate account. The only problem is now I feel like he has increased spending even more because he knows that I have something saved and will be able to cover expenses if needed. Arggghhh! Over the 20 years that we have been married, we have gone over $100K in credit card debt of which we no longer owe. I have convinced him to operate with cash only and the only debt we currently have is a home mortgage. We’ve lived in our house for 14 years. He is now buying a brand new car and I’ve struggled to try and get him to pay cash for the car. We are “compromising” and we will be putting 1/3 down on the car and will then have a car payment. Funny enough he only saves in preparation for a purchase and otherwise spends everything we have…… And, now angling for how to use the money I’ve managed to squirrel away. BTW, we do have some money invested toward retirement as I will be retirement age in about 4 years. At this point, he is not adding to the retirement fund. I do have an active 401k that I contribute to on a regular basis. I believe we are better off than the average family, but I still have concern for the future.

    • Kevin

      Denise, you may want to sign up for Dave Ramsey’s financial peace course. You must get your husband on board and rowing the boat in the same direction as you are heading. It is a new mindset. I applaud you for saving and heading in the right direction. I went from 380,o00 in debt to owning my dream home, boats, cars and having my dream job working from home and a over a million in savings. Dave Ramsey was the wake up call I needed. I put a plan together and followed the plan. It was really hard to live below our means. We bought kayaks and a 900.00 sailboat for cheap entertainment so we didn’t feel like we were missing out on doing stuff.

  69. Deb

    Thank you, thank you, thank you. So timely for me. Three huge take aways – damn credit card debit and the minimum balance, will definitely be investigating that in more detail; create the savings account along with the curve ball account; do the savings slide, oh yeah.
    Seriously thank you so much for this timely and down to earth conversation, you both made the conversation real and understandable for everyone

    • Mandy - Team Forleo

      You got it, Deb! We appreciate you tuning in and are so happy to share Amanda’s wisdom with you. We’re glad it’s helpful! 🙂

  70. LOVE this episode! What meant the most to me from this conversation is creating a curveball account. It’s true, curveballs come for all of us and for me it’s usually in the form of my 1995 Suzuki Vitara breakdown. This way I won’t get hung up on ‘the money that got away’ because I already prepared it.
    Also, this month I just started my bridge job (yay me!) And the timing is oh-so-right. Now I know I have to do three things:
    1. Open a curveball account
    2. Spend below my means
    3. Transfer immediately supposedly ‘saved money’ to savings account only THEN consider I made extra savings. Oh, and save and slide dance. 😉
    Thank you!!

    • Mandy - Team Forleo

      Right on, Sarah! We’re so proud of you for taking action and making sure you’re taking good financial care of yourself. 🙂

  71. Jen

    This was so helpful and eye opening! I purchased a condo two years ago and everyone was saying “that’s so impressive! It’s such a smart investment!” You know what though? EVERY month I look at my mortgage total not go down because I can only afford (at this time) to make a minimum payment. Its almost like the mortgage is just a really big credit card bill…I never knew (or knew to ask) about the difference between the interest rates. It’s been a big learning curve, and hearing you and Amanda speak about this subject makes me even more aware of some shifts I need to make to take care of myself! Please keep talking about money! I have credit card debt, and it was my dirty little secret for so long. It wasn’t until I asked for help and starting talking to people about it, that I’ve actually been able to start chipping away at it! Thank you for keeping the conversation going!

  72. So I was getting ready to start throwing extra money at our 30 year house payment. And poof, the A/C went out. Over $13,000 later, it’s back to figuring out how we’re going to build our savings back up. The small apartment is sounding pretty good about now. Except we love our home and I’ve got my own workroom with a glorious view of the desert mountains, spurring my creative juices for my handmade jewelry biz.
    None the less, I enjoyed the reminder of priorities. They just get really difficult when you cross over the 60 YO line and are still struggling.

    • Mandy - Team Forleo

      Yikes! I’m so sorry your A/C went out, Mary, especially in the summer. I’m glad you were able to get it fixed and can continue enjoying your beautiful home.

  73. Conner

    Wow! This could not have been more perfectly timed. I took the glorious leap of quitting the job that wasn’t serving me yesterday; and today, the fear set in. But this video brought me back. It’s not nearly as scary when I face the money head on. It’s all do-able. Love love love this.

  74. Don’t pay off your debt first? MIND BLOWN!!! I recently got paid a large chunk of cash from a client, and I have credit card debt both in the business and personally. I felt like I “should” pay off the debt with the money, but there was this little voice in my head saying, “stay liquid for a while.” So I only paid off chunks on each card and kept the majority of the payment in my personal and business accounts.

    Three weeks ago my husband was unexpectedly laid off. Luckily, he was able to find a new position right away, but due to timing we will still end up short one week’s pay AND we need to pay $1900 in COBRA for our benefits for two months . Guess who wasn’t at all freaked out? This girl!!! We’ve got all the cash we need to pay the bills and the COBRA and still have a little curveball money left over.
    And when my husband starts that new job, I’m going to tell him to hold off on the 401K until we get that curveball fund up to three month’s expense coverage!

    • Mandy - Team Forleo

      That’s so smart, Melissa, and cheers to being prepared! We’re so glad everything worked out okay and that your husband was able to find a new job so quickly.

  75. I do believe this 30 min may have changed my life. It made me realize when I was making 6 figures I wasn’t actually any better off than I am right now kicking off my entrepreneurial venture. I was earning to spend and not questioning a damn thing!
    Also, love the video game analogy and will use it in my daily life.
    Thank you for broadcasting this conversation 🙏.

  76. It’s always so great to see videos about money and realize I’m not alone in some of the beliefs and bad habits that were engrained in me growing up. I have sooo much shame around it and it has affected my self worth on so many levels and I’m just now recently working my way out of that mindset. There are so many valuable insights in this video and I’m excited to add her book to my reading queue.

    What I really loved was the little tidbit that just popped up as I started leaving a comment. When Amanda talked about how you don’t actually “save” money until you moved what you saved at the store into your savings account, I really loved that idea…and also the dance that goes along with it (because dancing makes everything better)

    I’m starting to get better at saying no to social things that don’t light me up so that I can save for travel…but I’m not necessarily doing the money transfer. Just last week I turned down an invitation to a concert that would have been fun, but didn’t feel like it was worth the ticket price and I thought…I’d much rather use that $40 in an international travel fund. That mindset alone is a huge step from where I’ve been (I’ve watched all your videos on money and bought books from your interviews, so thank you for that). But I’d like to take it a step further and actually take the money that I would have spent on that and put it into my travel fund, rather than just hoping it will be leftover in my regular account. Even as I type that, I realize how ineffective that idea is, so thank you!

  77. Great interview… clear and inspiring 🙂 OUR SELF WORTH IS NOT OUR NET WORTH.

    love it.
    alana

    • Mandy - Team Forleo

      Exactly! 😀

  78. This was so helpful. I see the things I am doing well, and several things I can do better, including resetting and forgiving myself! I am creating a “Curve ball account.” Eye opening!

  79. Never one to comment – even though asked nicely by dear Marie! – I’m putting this in writing to make the clear intention that I will review my credit card statements monthly to really see where the money is going. This doesn’t need to be scary, I’m making it so! Here’s to financial sovereignty!

    • Mandy - Team Forleo

      You got this, Deborah! 🙂

  80. Thank you Marie and Amanda for making money an easier topic to think about and discuss. My favorite part of this conversation was thinking about money emergencies as “it’s going to happen, has it happened to you this month?!” Basically taking the hiding out factor out of the equation. And what I mean is that I feel like I am hiding out so that the emergency or unforeseen larger money cost doesn’t affect me. Like if I sneak around I hold my breath and dodge and weave, I will not need emergency funds or a small reserve savings account. This isn’t true!! And you confirmed this by sharing that you talk about it amongst your team with an understanding that it is going to happen to everyone at some point throughout the year – that’s life.

    Taking the emotional charge and the shame and the fear and being proactive by saving is one of the best things I can continue to do for myself. Thank you for the wonderful reminder.

    Also, hearing your thoughts about investing in real estate and paying down the principal is such a great reminder to go do this. Pay down those principals ladies!! Let’s do this!!

    Thanks for all the wonderful money nuggets. $$
    XO
    Radell

  81. I love the Reset Button concept. I’m an actor, writer, voice-over artist, and vocalist (hello, paycheck-to-paycheck) in NYC who hated her day job waiting tables because it was more of a hinderance than Career Enabler. I quit to find a bridge job that will support me financially and emotionally, as well as give me the freedom to start a brand that I’ve been dreaming about for years. Now I have three great potential new bridge jobs in the works, and, although this is a really unstable time for me financially, I’ve never felt more excited about pursuing the life I’ve always wanted. The Reset Button is just a really great reassurance that it’s ok to take that leap of faith, because, if it doesn’t work, I can always try something else.

  82. Loved this show! Thanks so much as it came at the right time.
    While watching it, I cancelled my Netflix subscription and will now open a checking account for my business! Been meaning to do the latter, and got 100.000 excuses in the way. And I will start dancing the ‘saving slide’ from now on…great piece of advice!!!
    With love from Germany!
    Fabienne

    • Mandy - Team Forleo

      Woohoo! Good job, Fabienne!

  83. Thank you!!!! My takeaway was not to be ashamed. This is this first money talk that made sense for my personal situation. I have already downsized and everyone thought I was crazy. It just felt right.

  84. Heather

    Thank you SO, SO much for creating this episode and having Amanda on your show. My friends and I just started talking with each candidly about finances, and this episode came at the perfect time because I’ve made some conscious changes regarding the way I spend money as a result of our conversations, yet a desire to learn more has kept nagging at me. One of the mysteries that was answered while watching this was do I pay off my credit cards first, then save or do both at once? I’ve always paid off my cards first, only to find myself in debt again with little to no savings to accompany this debt, so I really look forward to focusing on saving while paying off my card and see what positive changes can come of that.

    • Mandy - Team Forleo

      So glad this episode was helpful, Heather! We appreciate you tuning in and are really happy Amanda’s wisdom resonates with you and came at just the right time.

  85. Kathy Koenig

    Excellent episode. Love that it was comprehensive yet very accessible in terms of information. Eliminating shame from the discussions around money is a key piece of the work we need to do. The phrase “Life Tax” is wonderful. It acknowledges that all of us have events, calamities, and episodic hurdles. Creating the extra account to deal with these times is a gem. It doesn’t interfere with other savings and creates a clear boundary. Thanks for all you do!

  86. Great episode, thank you Marie and Amanda!

    My takeaway is thankfully what my instinct had been telling me anyway: get a bridge job!

    This will help me feel like I am contributing financially to my family whilst trying to grow my heart-centred business (I’m training to teach somatic movement).

    I’m passionate about my business but sometimes morale gets low as I am training and not earning, and as a newish mother who used to work in London it can be hard to accept that I am no longer that person in the big city. I hate that my husband is the main earner (though I am grateful). I grew up in a single parent household, like you both, and my mum had to work so hard without help.

    Amanda, a lot of what you say I think is so zeitgeist at the moment from a minimalism perspective. I live my life by a kind of ‘modern rewilding’ principle (yes, that’s my own made-up definition!) which strips back what is truly important – so, less ‘stuff’ (material possessions, subscriptions, expenses). Living small to live bigger. Simple pleasures. Small home. And so on. What you said about your gorgeous hair… I LOVE that, and as a 41 year old who has been going grey for 20 years, sending you the HUGEST respect for going for it! I tried last year and ended up going back to henna, but I got a home stylist to do it for WAY cheaper than a salon. Natural and cheap – win win!

    My money tips…

    – run your existing car until it really gives up the ghost. Unless it REALLY matters to you to have a fancy car. I drive an old Saab and it’s solid, we only ever pay for repairs and there’s no worry if it gets a scratch.

    – I also live by a minimal wardrobe philosophy. I only own what I can fit into a medium-sized suitcase, and not only does that make travel really easy, but it means I am really selective about what I wear, and I CAN’T buy any more because it won’t fit on the rail in our house. We don’t have wardrobes or any built in cupboards so the clothes are exposed and I can see what I own. Hope that’s helpful to anyone who has a shopping addiction!

    Sarah-Jane x

  87. Laura

    Great segment! I know women of a certain age can be shocked by finances if a major change occurs in their relationship. To always know your finances is so important. Having said that, it was good to hear that not everyone is great at financial planning–big weakness for me. While I do save money, I like the idea of a curveball account–those unexpected expenses, because usually they have to go on a credit card–which I hate!

  88. Thanks so much, both of you. This was great. I’ve been struggling a little with the variability of freelance pay (though I do have a part-time job in news to help take some of the mystery out of getting paid). It’s good for me to give a hard rethink to what pay yourself first means — that I’m allowed to let another bill slide for a bit of it means I can put something away for myself. Thanks again.

  89. Pierre

    Marie again thank you for topic. I learned something new about asset, positing and negative one. In fact how evaluate it. And also how to increase the asset.
    You know what, my problem is not asset, money or debt. It’s a situation I have been dealing for some time now. I consider myself an ecomy proof. Good or bad I am able to still making money and lots of it. Their is a conspiracy or sabotage still going on in my life try to prove me unworthy or less than nothing. Sixteen years in the USA without any credit card, self employed with individual or gangs member screwing up my life around. I have no limit on how much I can make or bring in. I am working on securing and find out how those criminal are stiling and getting into my life. The judicial stage started already, I am still building a case to bring those advairsair down.
    I really appreciate all you do, the inspiration and cheer. That mean a lots to me.
    P.S: while those criminal are sabotaging my life I still kick in although myself and them an army, or organisation. I wish I could really tell you all about but no much room, or not a platform for that.
    Love you!

    • Mandy - Team Forleo

      I’m sorry to hear you’re going through such a challenging time, Pierre! We’ve got our fingers crossed things will get better soon and we hope Marie’s work will be a source of inspiration along the way.

  90. So grateful for this Marie and really connected with Amanda. I love when I come across information that is practical and also inspires action. Thank you for bringing Amanda on the show and as always thank you Marie for following your own dreams and bring all this helpful information. Woot!
    I am 42 and my partner is 53 and we are both starting to pick away at debt and starting to save. We are releasing the shame we both feel and starting right where we are. Its never too late hit the reset button. Thanks again!

    • Mandy - Team Forleo

      That’s wonderful, Syndee! We’re really proud of you for not being afraid to reset and take action. 🙂

  91. helen

    You always are right on time! Thank you for today’s episode, I am presently hitting the reset button and I took away so many pearls from Amanda and you! I am putting a few things into play right away, know my net worth now and I have to say this is the first talk around money that has really resonated with me and I will be able to execute and form new healthy habits. In the words of Tina Turner, you are simply the best! Thank you. xo

  92. Loved this episode. Thank you both so much!
    What really caught my attention was how the money I make (as a self-employed ghostwriter/story coach/editor) is not my income, it’s my revenue. I loved how Amanda suggested giving my personal account a “salary” out of what I make.
    This is going to take some planning, and as scary as it is, I’m going to be figuring all this out. I grew up with this fear of money always hearing my parents say that we don’t have any money, even though we had enough to get by.
    I’m still in the process of working through these things I heard on repeat as a child, but hearing my dad still say that (even though he and my mother both have full-time jobs) helps me realize that’s probably why I have such a fear of making/spending money.
    Have a lovely week everyone 🙂
    – Syd

    • Mandy - Team Forleo

      Those are such great takeaways, Syd! We’re so happy this episode spoke to you.

  93. Amber

    Loved so much of this! I always felt pretty disconnected attempting a popular gentleman’s all or nothing approach where debt is the red devil and you’re a fool for getting into it.

    Hubby and I are both in beginning stages of our dream side hustles. We have a significant amount of debt right now and while I don’t feel shame about it, I definitely have felt that other people are just better at money than me. So thanks for the net worth is not your self worth bit. 🙂 That just FEELS better.
    Also, love the curveball account being separate. Going to set that shiz up today. Thank you for this epi!

  94. Donna

    A very thought provoking podcast, thank you so much for this! I realize you don’t do financial advice so who would I ask a question that came up for me? I live on disability income which I was fortunate to grow, by returning to work, as able, over the years, so I plan on implementing many of Amanda’s strategies. (And returning to work). I’ve already shared this podcast with all my girls and I truly hope they watch.

    • Mandy - Team Forleo

      Great question, Donna! We’d definitely encourage you to check out Amanda’s site, Daily Worth: https://www.dailyworth.com/ She’s got a ton of great financial wisdom on there on a variety of topics. It’s possible there are posts on the things you’re wondering about! 🙂

  95. Truly loved and appreciated this interview! I didn’t want it to end!!! Thank you.

  96. Michele Kire

    This was a brilliant episode. The learnings about savings really hit home for me. I’m a regular saver – I know it’s important, but I never really knew WHY it’s important. Now I do! Despite regular saving I recognised today that my money identity is actually “spender”. I save money so that I can spend it. Today I’m shifting that to saving money so it can work for me. Gosh, that makes so much more sense.

  97. Karen

    1. Open a curveball account
    2. Spend below my means

  98. Lorlene

    Hi Marie,
    I so so love that you discussed this topic, particularly because I am at a point in my life where I am trying to understand money, what it is? and how to get it to stay with me and or to work for me?…LOL
    Amanda really made it simple to understand. My take away is that I need to first work on my “net worth” I never understood network really, but Amanda simplify it and this is one of the first things I am going to do in my quest to understand money as it relates to me. Thank you Amanda!
    Oh! I love the “savings slide”…I am going to make this a habit, it’s fun and great for innercising (exercising the brain).

    Cheers!!!
    Lorlene

  99. Anastasia Lamont

    OMG I love Amanda, totally obsessed with her. Money tax is so much easier to except when you have a curve ball savings.
    Thanks for the nuggets ladies!
    xx

  100. Kat

    Great video! I love the message but can’t figure out how to pay myself with as much debt as we have fallen into. Like she said the credit card interest has us pinned and we are considering bankruptcy. I would love to know how she got out of it how she recommends getting out of $100000 debt.

    • Mandy - Team Forleo

      That sounds really tough, Kat, and I’m sorry this is something you’re going through. There are several posts about bankruptcy on Amanda’s website: https://www.dailyworth.com/search/bankruptcy I hope you’ll find them helpful, encouraging, and inspiring.

  101. “Peace of mind and settlement of stress…”—Marie
    I think I just decided to get a bridge job!

  102. Thank you for this, ladies, amazing topic!
    I don’t have bad debt (phew!) and only a $300 credit card, which I’ll make sure has the smallest interest (yay!).
    BUT, I’m working on my savings accounts.
    SO, I’ll create that structure
    – emergency savings
    – curve ball
    – save and slide (which, I found somewhere in another format: rounding up and saving the change for all purchases)

    Also, I live in the city and I keep thinking about moving back to the suburbs – because I have lake and parks there at my fingertips, I may move into an apartment instead of a house, to save even more.

    Done!
    Thanks, thanks
    xoxo

  103. Shizzle my nizzle, Marie 😁 You always rock! I love the Simplicity of Amanda’s advice. It is so easy to overlook little things, as if they don’t really matter in the big scheme of things. However nothing could be further from the truth, as you have clearly redirected the focus of my attention in this timely interview with your special guest.
    Among all these great thoughts shared, what really stood out for me is “Your Self-Worth is not Your Networth”. I really appreciate your emphasis on this point. It was an extremely valuable piece of information I really needed to hear. Especially after surviving the worst mentally exhausting nightmare relationship separation, back to back severe health challenges, and financial storm of my entire life.
    Thank You for all that you do Marie. Truly you are more than an Angel of sweet inspiration. 😇
    Namaste 😉

  104. Hi Marie
    I’m in Melbourne Australia and have been watching you ( not in a creepy way) for years now. Thank you for doing what you do and how you do it. Your authenticity is infectious ( in a good way)

    I had a million dollar business – 17 years in the wellness industry with a beautiful centre helping people – profitable and lean too. Then, over a few years of coaching, courses and throwing money at it…sold two properties, got loans, credit cards, didn’t pay myself, I even used the insurance payout for a sports injury to my main hand to keep the business afloat! I had coaches and courses you name it. I tried everything and still failed. That is hard for me to say. I consider everything in life an opportunity to learn and with $250k debt and wondering if someone will send me bankrupt at some point, boy am I learning!! Not to get in this situation in the first place – teaching others no see the warning signs etc.

    I now have a job (82 k a year inc of superannuation and tax.) I pay a loan from my mum and dad ( they re mortgaged the house $100 k for me ) I’m embarrassed just thinking it let alone writing it.

    I owe my now ex partner ( I lost my husband and a 7 year partner in that business ) $50k and staff $9 k which I pay back out of my wage currently and the rest is banks and people who have been nice enough to wait for me to get more $ to pay them.

    I know I am here to teach. Resilience and resourcefulness- especially courage to leave. I’m a leaving coach. I help people break up brilliant and leave their shit behind!
    Whether it’s young girls who are not feeling safe ( my grandfather sexually abused me die many years ) they are being bullied or bullying. Hanging with the wrong crowd or people in jobs they hate, relationships that don’t serve them. Just hanging around waiting for things to get better or change and we all know that’s not going to happen.

    I want to help people have the courage to leave to run an online course- teach in schools – workshop live and via conference call etc. I know I have this in me and I know I can help more people and make more money to get out of debt and save and invest and go on a friggin holiday and not stress out!

    I live paycheck to paycheck at present and not saving or paying down as much debt as I’d like either.

    I’d love:
    1. Someone to go through my bank accounts and both income and expenses and help me see my exact financial situation. Budget! I love budgets I just can’t figure out mine though!

    2. The world needs my help. I’d love to step up and create a lean business to get my work out there to help people breakup brilliant – how to leave …without doubt
    – my online course and coaching program that also has a live talk / workshop I can go to schools etc as well. A simple and lean model. I still have 5.000 or so old client contacts from the wellness centre I owned that I had to close down.

    Can you help?

  105. This video was just what I needed! I am currently living with unpredictable income (I own a small business) and I’ve learned so much from this insightful video. I immediately plan to downsize, create a “curve ball account” for emergencies, and reduce my expenses dramatically to have a more positive effect on my every day life. I think the thing that stood out most was the point about calculating my net worth. Can’t wait to put these points to use and see how they effect me.

    Cheers!

  106. Thank you so much for this episode. We are a family of four. My husband and I are fitness professionals. We live in a very affluent community and have gotten ourselves in to debt. We own our own company and are trying to get ourselves out of debt. We live pretty modestly, don’t drive expensive cars, don’t have expensive clothes or fancy things. Our kids are playing competitive sports and that is where much of our money goes. We are just trying to help our kids prepare for college and want the best for them. I went to through master training so that I could offer certifications and it was very costly. Much like going to college. We want to get out of debt and are hoping that we can still do this at age 50! I have no idea how we got here so quickly. I use to be so good at saving money!!! It takes two and we just arent’ doing a good job right now. Help! I also purchased Maries’ B school last year and haven’t completed my dream!

    • Mandy - Team Forleo

      Debi, we’re really proud of you for not being afraid to learn more and gain more skills to bring your dream to life. That’s awesome!

      We hope Amanda’s wisdom in this episode was helpful and I also wanted to assure you that it’s totally okay if you haven’t finished B-School yet or implemented what you’ve learned as fully as you’d hoped yet. Building a business takes time, so we wouldn’t want you to beat yourself up.

      Everything in the program is designed to help you take your marketing to the next level so you can attract more customers, so we encourage you to work through the course as you’re able, implementing in your business as you go so you can see the effects in action. We believe in your ability to make your dreams happen regardless of your age. You got this!

  107. It’s refreshing to hear someone encourage saving! I tend to be a spender at times, mostly spending more than I need to on snacks and out-to-eat. This episode inspired me to see where I can cut back on my spending! Thanks 🙂

  108. Michele

    Such an eye opening episode. Loving my side hustle (bridge job) and feel validated now that I’ve learned it’s essential to my BIG money picture. Thx once again Marie for the inspiration!!! Grabbing Worth It this week for more nuggets of wisdom.

  109. WOW! Goosebumps alert!
    Before rewarding myself with this week’s episode of MarieTV and before knowing what it was about, I actually sat down after my shift at my bridge job and calculated all the money I need to drastically change my life, fight off debt, catapult my starting business and fix my home because has been crying for it for years. All of it literally amounted to a number which would be a year’s work for me in my country at my job which is above average wage. If I didn’t eat or pay taxes 😛
    What happened next was I googled different countries with the idea to move for a year and work at a more high-waging country. What I found was that it’s not important what you earn, but the cost-of-living index of the place. So I could always move to, say, London, because they have ‘such high salaries there’ but then again, I’ll be giving more of that away in living expenses… To me, that’s fascinating and very humbling. It changed my perspective on ‘rich nations’ and ‘poor nations’ which is a mindset that is so beaten up in my homeland’s approach to life and money. The entire nation has been steadily moving out of the country for better wages and good professionals are going to where there’s more money and emotional payoff from the spending of those money. However, the cost-of-living index they live by is mostly the same as they would have at home. So what my fellow countrymen go abroad with the idea to stay there for several months, a year maybe, they start sending money home and then get so used to the way of living. There’s also the kick you get out of being considered ‘rich’ by the standards back home that you don;t really realize maybe you’re actually worse than before. I’m sure it’s not just my country that is in such situation. It is an ongoing issue and I am passionate to have my say in it so every step at a time 😀
    This episode has shifted my idea on how to tackle this problem. Also, made me feel less intimidated about having debt and helped me realize it’s not the absolutely first thing I have to do when it comes to money.
    Thank you so much for this sweet synchronicity! Cheers to being playful and not letting others define what requires ‘seriousness’ and life choice! <3

  110. liz

    What a great reminder about money and nett worth. Marie, you are wonderful to bring Amanda on your show to share her views on Money. I need money desparately, yet I was questioning what the heck I was doing slaving over a peanut paying mundane casual job whilst taking care of my home front crisis. In fact at cross roads as to whether to flick the job and start looking for something else casual more fullfilling. Amanda has now enlightened me to stick with it esp. it now has an identity..”A bridge job”! And yes, I do need it whilst planning and saving towards renovating one of my old rental homes that need substantial $$$! Thank you so much Marie.

    • Mandy - Team Forleo

      So glad it was helpful, Liz, and good luck renovating your rental home! I know that’s a big undertaking.

  111. Katherine

    The curveball fund is a great idea! I also really like the idea of savings fund over paying debt.. feel like all I do is pay cards off over and over.. I need help there to not put things on cards I think.. Like the saving slide and glad I stayed on to see that!

  112. Absolutely loved this episode. It was real and to the point. Amanda’s tactics are true and true with some new info (curveball account). Above all, these ladies give us hope that anyone at any point can hit that reset button and not be defined by their past financial mistakes. Thank you both so much. You’ve delivered this serious content with heart and a few good laughs.

  113. I definitely need to start up the curve ball account. That is a great idea. There’s always something coming up and it’s so frustrating! Great advice, thank you.

  114. There were so many great tips in this episode, especially for entrepreneurs. I am currently on the hunt for my bridge job and will either sell my home or get two roommates in order to drastically reduce my expenses. Before deciding which route is best, I will determine whether my home is an asset or liability as it is my primary asset. Thanks so much for the fabulous tips.

    • Mandy - Team Forleo

      We’ve got our fingers crossed you find the perfect bridge job soon. We’re really proud of you for having the courage to do what it takes to go for your dreams!

  115. Karena Thomas

    I really appreciated the sensitivity you brought to this topic, ladies. So many times I go to pick up a book about finances, but it feels cold or lacking in empathy. This conversation has made me feel open to learning more and potentially making it fun. 🙂

    • Mandy - Team Forleo

      Yay, Karena! 🙂 We’re so happy to hear Amanda’s style resonates with you.

  116. The biggest thing that I took away was not feeling ashamed about my bridge job!! I spent a year trying to start my business and could not bring in enough to take care of myself. I felt so much shame when I went back to my original job. But hearing your take on it made me feel like I shouldn’t be ashamed, I’m just doing whats right for me and the health of my business. Thanks so much!!

  117. ISABEL

    Hey Marie! I have never commented on one of your shows but this one got to me to the core. I actually was crying yesterday because of my personal finances, the problem is not that big, but I was raised by a mother like yours. So, I know I am not doing my best and there is nothing that bothers me more than to know that I am auto sabotagging myself. I used to excell (right after graduating from collegue) in saving. After that I got overseas, got into several jobs a great one and bridge works, and even when people used to tell me “You do not have to work that much!” I kinda enjoyed, it just annoyed me that people though i was suffering… Anyways I got back home started a bussines then me and my business partner split and I got back to my always reliable bridge job. Even in that position I still spent in trips, concerts and still was saving and have a solid savings account. Then later I got a job with a client, and eventually I got in to jobs that double digit my past job one after another… Since that it have been 3 years like that … the truth is that this is a wake up call for me, this week I have been stressed because I feel in a hamster wheel, it does not matter how much I earn it does not feel enough. Part of that might be because as I became older me and my peers status raise so there is too many dinners, too many parties and social things that I do not really feel I want. I want like 1 night out per week not 4 and that is breaking not only my bank account but also my health, and to be honest my self steem. Specially because I have seen my body is change for the worst. I just wanted to say thank you, my mother is a wise woman in this matter but sometimes you need it to listen the words: “Rich, does not begin with earning but with saving” from an outsider because I was so used to the same old voice told me what to do that I was denying the obvious. Thanks.

  118. Amy Turner

    Because of student loans of $90,000 and no other assists but a $6,000.00 403B and $3500.00 car, and some abtiwqyes and designer clothes my net worth is in the negative. I feel overwhelmed where to start. I work in a industry that doesn’t pay bonuses and I live in an expensive city. Paycheck to paycheck is my life. I’m single with a dog. I want to start my own side business, but struggling to get that up and running to. Ugh help? What is my first step?

  119. Kim O'Donnell

    Oh my god Marie, how do you always know exactly what is needed at exactly the right time!!!! I had an appointment with the bank this morning about refinancing and came away from there completely numb and realising what a huge hole I had gotten myself into (as well as not being able to answer any of the questions they asked me about my current mortgage interest rates, loan term, what my HELP debt (for higher education) currently is or any of the other things they needed to know to work out whether they wanted to refinance me from another bank. Came back to the office in a totally depressed state and then saw this video in my email box. Have just finished watching it and am now – I can’t believe I’m actually saying this – I’m excited about going home, putting everything on the table, figuring out what my net worth is and then turning into a game how I’m going to turn everything around and become more savvy. As a single 50 year old with two properties I thought I had everything going on but got a huge reality check/wake up call at the bank this morning. This could not have come at a better time. Thanks again!!!!

    • Mandy - Team Forleo

      Wow! It’s awesome that the universe pulled through and made sure you saw this at just the right time. We’ve got our fingers crossed things will get better soon.

  120. I LOVE how Marie and Amanda credit their mothers for their values around money. I am a mother and this really meant a lot to me. We are powerful in our roles as mothers.

    Amanda – The first thing I noticed about you was your hair and how beautiful it is!
    I love the grey and hope you keep it. It shows a lot of unique strength and courage and speak volumes about what you value and who you are.

  121. Excellent show, thank you Marie and Amanda. I also love talking about money AND I love small houses too!! I think about my finances all of the time. I started my life coaching business a year ago now and I am slowwwwly building a clientele. Working on a blog to build trust and to educate and lift up as many people as possible (I LOVE my new career). What really resonated with me on this show was the “get a bridge job”. I resigned from my old “paying” job and left it 100% with no form of income. My boyfriend and I both committed to my dream of having my own business and he has been supporting us financially with his small pay check and I have been consistently depleting my savings accounts. I am pretty creative with not spending more money than we need to and doing more with less. We live very parsimoniously and I love it. My boyfriend is also a previous banker so he and I are on the same wave length with spending only on the things we love the most- we cook our own food, buy fairly priced wine, we drive old cars, live in a beautiful cozy small home in the countryside of Sweden and I feel my life couldn’t be any better. Pure bliss. I also have stopped coloring my hair and am becoming silver (in the right light it looks blonde. Or so I tell myself) :). The only thing nagging at me is my lack of income and not being able to put money INTO a savings account. To find a 50% bridge job, that is possibly even “mundane” 🙂 as Amanda said, might just be an answer for me to set one up in the Fall once the Swedes come back to work after summer vacations. You all need anyone to work virtually for you from Sweden? I am looking! 🙂 Thank you for all that you both do and the light you give in this world. It is very appreciated, especially by me. All the best, Åsa

  122. e

    I loved this episode! Thank you!

    New for me was the curveball account – to have one designed to be wiped out sounds so relieving.

    I have been studying money skills for four years now and even with just a tiny income I’ve managed to pay off credit card debt, set 1000€ emergency account, started saving and the best of all we set up 1000€ accounts for both our kids so that we know we can always afford to buy them school supplies or other necessities even when my income is as unpredictable as it is. So we basically live with one income.

    My action step is setting up a curveball account for me too, so that I too have my own 1000€ to spend on necessities when needed.

    I also dream of a job, an income of my own. And when I get an income of my own I will boost saving more money and paying off our mortgage more quickly. We have that 30 year loan for our home, still 20 years to go BUT these first 10 years our intrest has been really low, it has enabled for me to be a stay home mom and an artist. I love it, it was the best decision ever and paid off beautifully!

    I love speaking of money now, it has taken years to come to this from the shame blame pit, so i will definitely check out the other episodes mentioned, thank you!

    • Mandy - Team Forleo

      That’s so wonderful to hear! It sounds like you’ve been on an amazing money journey and we’re really glad you’re in a good place.

  123. Since I’m a B-Schooler I took Marie’s advice to take control of my finances. Developing a healthy relationship with money has been having an incredible impact on my personal and professional life and I feel, it just the beginning. This conversation was very important to clear some of the confusion I still carry internally:
    – your self-worth is not your net-worth. It sounds so obvious and yes, it’s a daily work for me to internalize this understanding and feel it in my bones.
    – learn to distinguish what you need and what society “wants” from you. This is such a deep deep conditioning and this interview got me aware, that I still got this. not as strong anymore but it’s still there. For example, my little family and I are now at a changing point in life and it seemed like to expand means a bigger house, a better school for my son, and more clients. I ask myself now, how to make wiser choice for my next steps in business and life.
    – people with big earnings may be in debt. That blew my mind. It’s not just about how to earn money. It’s about managing it and moreover, about my relationship with it.
    – start saving now.

    Thank you so much for sharing these precious insights about money. They were breaking down to understandable snippets and I greatly appreciate it. They’ll have an impact on my next steps.

  124. Thanks ladies for sharing your wisdom, and making this really uncomfortable topic more approachable. My biggest take away today was not throwing everything I have at my debt, and saving instead. I’ve often used this strategy to attack my debt but, when “life” happens I don’t have the cash on hand to cover the cost and end up falling back on my credit. Therefore, the vicious cycle just continues. Time to create my Curve Ball account.

  125. Hannah

    This is very interesting: I managed to make a habit of meditating and of going for a run by motivating myself with the thought that it makes me stronger (I’m doing this for myself) and that way, I can give more to those I love (I’m also doing this for others).

    Now Amanda used phrases like “taking care of your money means you make yourself stronger and are also stronger for those you love” and it really hit me. I could use the same mindset. Maybe I could dealing with (my) money a good habit …

    Thank you for this inspiring episode.
    PS: Love Amanda’s courageous decision to go grey/white.

  126. Hmmm…as much as I usually love your videos and the talks that you have in them, this one just did not register with me. If I may summarize, it was really a spend less, save more kind of talk, to the point of letting yourself go to save a few dollars on hair care and makeup or cramming your family into a small space to save money that you actually have to spend. I am all for saving, it was how I was raised, but her ideas are really much more restrictive than how I would choose to live my life. What I was hoping for was something more along the lines of how to make your money work for you, or good investment strategies for retirement planning when you have no 401K, or anything else to help me grow my net worth. Perhaps talk to the woman that started Elle Invest. She seems to be quite amazing and can offer some great money growing tips to your audience. 🙂 Still loving you in Paris. xx

  127. Simon Siphiwo Jakavula

    I like her approach because it is realistic . She does not raise your hopes which may even never come to pass . Instead she advises you what to do ; and if things do not go as you expected – which is normal and always possible – not to throw in the towel but to re-asses your situation and ” press the start button again “.

  128. Simon Siphiwo Jakavula

    I like her approach because it is realistic . She does not raise your hopes which may never even come to pass . Instead she advises you what to do , and if things do not go as you expected – which is normal and always possible – to not throw in the towel but to re-assess your situation and ” press the start button again “.

  129. Laura McCann

    I really enjoyed this session! Thanks Amanda, for being the first financial person that made me feel hopeful about my finances! The Net Worth concept resonated with me. I was busy doing my calculations during the session. Thanks again!

  130. Dani

    I absolutely LOVE this episode Marie (and team!). I am now 31 years old and for about the past 4 years of my life my New Years Resolution has included something every year about becoming smarter about money. Whether it be learning about investing. How to get out of debt, or the goal of being debt free – this has been something I have been working on and truly enjoying about. Amanda’s insight is a breath of fresh air as sometimes the world does make money out to be the end all and be all. While I strive daily to just be a little smarter about how I handle it I picked up some amazing tips – especially the tip at the very end in the credits – I LOVE THAT IT WAS AN OUTTAKE. Here you are saving the money but to do the DANCE to reinforce the dopamine for doing the saving! Absolutely blew my mind and being a Pysch major from college – it is so true! Reinforce the behavior and you will want to continue to do (or not do) it!
    Loved this show – thank you for sharing as always!

  131. I have spoken with many financial advisors addressing the question: Is it best to keep paying down the debt instead of saving or do both? The clarity with which that was answered today was tremendously helpful and makes perfect sense. After listening, I went to my online accounts and transferred $100.00 to my personal savings and $100.00 to my business savings. I will continue on that path on a regular basis. Thanks you very much.

  132. Katy

    Sorry for the typos in my response. I was so excited I forgot to proof it before hitting send.

  133. Masha

    Very cool video. I like all your videos and links. Now I am healing my paranoia asap, but soon will be in tune. ))))))) Thanks.

  134. Elizabeth

    What really resonated with me is the thought of being a high earner. My goal has always been to get a good job that pays well and then everything will work out. I accomplished that goal and everything was fine. I had credit cards but I wasn’t going crazy and then life threw a curveball and I was laid off. That was five years ago, and I have not reached that salary level again but I was still accumulating debt. It finally hit me that I would need to right-size my living expenses to my current level of income; and this has been hard. In other words, I have basically been living the same 120K life but making only 80K. I will say that most of the spending involves my two children (tuition bc otherwise they would not get an adequate education and activities). My biggest step was to finally write down all the monthly expenses, my current monthly income, and my desired monthly income. Up until that moment, I was estimating and it was good to see the real numbers. Since then I’ve been cutting out any extra, which really boils down nixing splurges at Whole Foods, toys at the Toy Store or things that the kids want but do not need. My takeaway action item from Amanda is to start deducting money for savings. I’m also doing big picture steps like refinancing my home so that I’m only paying for one mortgage. My ultimate goal is to live off my larger paycheck and to save /invest my husband’s smaller paycheck. Thank you for this timely content and I cannot wait for next week’s video.

  135. Mu

    Thank you for this! I am confused about the save money before paying off debt….I’ve heard that is an ‘old think’ or a masculine way of thinking. What I have heard is that a credit card serves as an emergency fund, and that I should pay off my credit card debt before saving. I am unsure – is the best plan to pay slightly over the minimum of the credit card debt and save until I have an emergency fund?
    Loved this but unsure.
    thanks

  136. I loved Amanda’s distinction at the beginning of realizing the “story” she was telling herself was that she was great at earning, but was also a spender, but because she was great at earning at some point she’d have more money. This really hit home for me and has been a contributing factor to past decisions I’ve made. I also loved the “permission” to start over at any time, and the confirmation that past decisions or actions don’t define you. Great episode as always!

  137. Christine Schofield

    I LOVED this episode of Marie TV. I too have always had shame about debt, and it is so uncomfortable to talk about! This episode made me feel less alone, and empowered that I can do something about my financial situation. Thank you Marie & Amanda! xo

  138. I spend way too much on food at grocery store. I’m single w one kid in college and my daughter lives w her dad.
    buying a chai latte before work every night is a habit I need to break. So I’m gonna fast more and make more smoothies. Get leaner and feel better too.
    I own my home, but have very little in my 403b, since I just started working full time after my divorce.
    I’m 55!
    My plan is to wean myself out of my night job as a polysomnographer and work for myself as a preconception / pregnancy coach/ doula.

    Travel is important to me and I’d like more money for that.

    I’m gonna look at her book worth it at Barnes & nobles this weekend.

    Thank you linda in Utica ny

  139. Kat

    Hi Marie & Team, may i just say this email came at the right time. My husband asked me why is my business not doing well. I felt really low about this and i wonder why is that my career life is a mess, financial life is a mess. I lack really discipline. 🙁 Watching this video woke me up. My key takeaway
    1) Starting to save is the most important thing you can do. Think of debt as like a disease that we have to get rid of.
    2) My net worth i finally know what is the amount.

    My biggest struggle with this point ” Take care of yourself financially now – get a bridge job or 50% job if necessary”. It is a mindset issue – having this seems weak but it is not. *It doesn’t mean you are a failure if you take up a bridge job. It mean you can take care of yourself financially! That makes you strong not weak!

    Thank you and i hope the next time i share – i will have positive net worth and sharing to share.

  140. Jennifer Gregory

    I figured out my Net Worth…..($25,644) in the red! I am a bit better off than I first thought. I have a couple “side hustles” that bring in some cash and a part time job. I am working to have about $8,000+ of that debt paid down by this time next year. It isn’t easy but nothing worthwhile ever is, is it. Love MarieTV list every chance I get, usually when I am working on a project. Thanks for everything much love and respect,
    Jennifer
    Jenn’s Unique Boutique

    • Heather- Team Forleo

      Jennifer, when we know the numbers it’s empowering. You’ve got this and that red will be black in no time. Thank you for watching and taking action.

  141. Benson Modie

    Absolutely brilliant…..great education, much insight, enlightening and inspirational! Thank you so much for all the efforts to serve and save humanity.

  142. I feel like I’m on the opposite side of the spending spectrum. I would never buy something unless it was absolutely necessary. It’s just in the past year I’m training myself to spend more, especially on things that make my life and business better and more efficient. And wow is it good not having to do EVERYTHING myself and not feeling guilty for paying those extra few Euros.

  143. Emma

    My biggest paradigm shift was the idea of living well below your means as opposed to living within your means. I particularly like how she is practicing what she is sharing by experimenting with not paying for her hair to be coloured.
    I’m going to start pondering this more and take action on how I can live well below my means. Very fun uplifting conversation. I loooove talking about money in this way.

    • Heather- Team Forleo

      We’re so glad that you enjoyed it, Emma. Small actions add up to BIG changes. We love talking about money in this way as well. As you can tell 😉

  144. Yannice De Bruyn

    I was in so much need of this right now. Thank you for sharing, I bought the book and am enjoying it as we speak.

  145. Christine

    Awesome session, thank you so much. I have been playing around this for a while and I got so many takeaways from this session. The core one I think is knowing my net worth and getting it from the negative into as positive as possible. Love the saving slide 🙂

  146. OMG, why is nobody sitting us down as kids and teaching us about money? I remember how to determine the color of the blooms of a pea plant from my biology genetics class, or when the French Revolution started from my history class, but I’m totally clueless when it comes to the intricacies of managing money.

    Thank you so much for this episode! I’m pretty downsized as it is, so here’s what I’ll take from that episode and do right now: I’m setting up a Life Tax account (love that name by the way) and starting to count on the fact that it’ll be used for some unpredictable life event within three months. I’ve been using my saving account for that type of “life happened” situations, but that’s much better. Oh, and I’m getting Amanda’s book asap, too. 🙂

  147. Thank you for telling me to watch this. As a small business owner, I am constantly in fear of debt and not paying my bills. Today I learned that I should not be ashamed of my debt, treat money like a video game, and create a curveball account. This was a great video and it was exactly what I’ve been needing to hear for quite some time now.

    • Heather- Team Forleo

      We LOVE reading your words, Maria. Thank you for taking the time to watch this episode and share your time with us. Enjoy the video game 😉

  148. Margrieta

    What a relief listening to these two (now) very successful ladies with thriving businesses based on their personal life experience. These are experts, real-life experts, adding the earth dimension to spiritual energetic based businesses.
    The second relief is hearing them talking I am on the right path! Nowing my net income, with debt not paying them off at the moment, instead choosing to have a 1000 euros (I am in Europe) in my saving accounts for unexpected things to happen. To survive at the moment moneywise (that is how it feels) I clean houses, that is “the lowest” you can do in my country, often it is done by illegal immigrants, well I am as good as them and they are as good as me, but it is simply “a bridge job”. And could start looking for another bridge job. That is the difference between my position and illegal immigrants, I have this opportunity they don’t have. I have been feeling such a loser and so stupid, after a well-paid job leaving it getting me where I am now, and trying to get a business off the ground. And well, it really helps, IT REALLY HELPS, to hear another story today, so thank you Ladies, you made me day!

  149. Hi Marie! I loved the idea of a curveball account. Easy to set up and it’s different than my emergency fund. I’m going to go set one up right now.

  150. I really like how Amanda gives the advice of seeing money like a video game by hitting the “reset” button and not getting emotional about money. I will adopt this thought and “unemotional” feeling about money. Also, it’s good to hear from a professional that saving is probably the best way to go. Recently my quasi bf showed me his dream home which was a huge and typical New Jersey house with about 6-8 rooms on top of hill out of Manhattan but over looking the city. He went on and on about how he would love to live in it (probably trying to convince me to live in it with him) but my immediate thoughts were: “What for? Out of the city?! Why spend all that money? We don’t even have any children together. Does this mean he wants me to have 5 kids with him because how would we fill up all those rooms? That’s money spent in furniture and beds while I prefer spending it in travel. That’s also way more cleaning to do! Meaning, less time for me.” I just replied to him with: “Depends on what you want in your life”. My response made him take a step back in our relationship making our relationship status in the air with no official commitment. Oh well! Next! My thoughts and feelings about money are that it’s personal how we view it and spend it or/and save it. So, the fact that Amanda and Marie spoke about liking smaller homes because it’s more practical and less cleaning and smarter in a way made me feel that I’m not alone in this regard. I’ve learned to live simply and responsibly while managing to have a decent social life with a small income as an artist, graphic designer, shoe model, entrepreneur, catering, bar tending, modeling etc. but the student loans are always on the back burner and I can’t help to believe that if I tried paying them off quicker, I simply wouldn’t have a life at all. Ugh and then I end up getting emotional all over again just thinking about it. But listening to this video lights a fire under my butt because the student loans are what needs to go away in my life FOREVER! I have to adopt this POV and raise my net worth.

  151. Stephanie

    OMG! I loved this! I was blown away by the discussion on a 30 yr vs a 15 yr mortgage; this is my goal for my next home. Wish I had this book years ago: we actually sold our house in order to get rid of our debt and start a business. I’m a weirdo that LOVES to budget! We’ve been living on cash for yrs, now we just have to up our cashflow. Looking forward to reading this book. Thx!

    • Heather- Team Forleo

      Embrace and celebrate your ‘weirdo’ because that’s an amazing trait to have, Stephanie.

  152. This was such a refreshing interview. So many of the people talking about “MONEY” talk about it in terms of manifestation and spiritual practices. The pragmatism in her lessons are a welcome change. THANK YOU!

  153. Loved this video, Marie and Amanda! I will check Amanda’s FB and book.
    I never felt great about money but I feel much better now. Slowly changing my money mind set and working towards growing my net worth. My biggest take away was that SAVING is better than paying debt. Loved other tips as well and i will follow Amanda. The hidden subscriptions, brought up by Marie, made me think of a couple that I ay monthly and don’t use… OY.
    Thank you so much you both for the great interview 🙂

    • Heather- Team Forleo

      When we know more, we are empowered to makes changes Claudine. Check out those subscriptions and make decisions based on what feels right for you and your life. You’ve got this.

  154. Li

    Hi.
    I loved and appreciated this interview. What I took away most is to have emergency funds AND a curve ball one AND to actually expect the curve ball account to get emptied about every 3 months. With this, I have relieved lots of future stress and separation anxiety in regards to allocated money.

    Thanks again for fun and great content!!
    Li

  155. Thank you for this. It made me feel like I’m actually more on track than I thought. Which feels very encouraging!
    I’m wondering what Marie thinks about going back to school (and back into a lot of debt) for a higher degree when you are in your mid to late 30’s. I have been trying to decide if it is worth it or if I should try to build my business without the degree.

    • Hailey - Team Forleo

      Amazing, Nicole! Congratulations on the awesome progress you’ve made so far. Going back to school is a big, deeply personal decision that depends on several factors. While it’s absolutely possible to build a successful business without a formal degree, many industries require a professional license or certification so we recommend doing your research to determine what the requirements are for your desired line of work. Of course, regardless of whether you need a specific degree, it’s important to find ways to constantly challenge yourself and improve your skills. Marie herself is a huge advocate for lifelong learning and a firm believer in the power of “bridge jobs” that may help you gain valuable work experience and hands-on training. You may want to consider finding a work or volunteer opportunity that’s aligned with the career path you’re hoping to pursue. It may also be helpful to speak to others in your industry or who are doing work you admire to find out what their backgrounds are and hear their recommendations for specific programs or resources. One thing is clear– it’s never too late to go after your dreams, Nicole! We believe in you and we’re all cheering you on.

  156. Emily

    This episode was sooo good. Such an important topic to talk about. And Amanda broke it down in such an understandable way. A lightbulb went off when she emphasized how much more important saving is than paying off debt. Can’t wait to implement her tips!

  157. This just hit me like a huge bomb in my face – I so needed this. I’m so ready to shift my ‘story’ around my finances. Thank you for being so aware and intuitive with us. I love how you said that! You just know what our thoughts and responses are to your conversations with your guests.

    You’re so right about how much fear there is around money. I’ve been trying to figure out what it was from my childhood, from my parents, why I have all this negative energy around money. I have some idea, but I haven’t found that ah-ha breakthrough around money for me.

    I’m eager to transform my finances and to make more, save more, create a solid cushion, as well as abundance. Thank you so much for this Marie!

  158. KG

    There’s mystery at work in money management or management of anything. As John Lennon says, “life’s what happens when you’re making other plans.”

  159. Jo

    Thank you so much, so highly valuable. I am going to implement all the suggestions. I am curious to know whether you now succeed in doing a budget and how often you access and update it pls 😊

  160. Bee

    Awesome episode as always, I loved the save & slide at the end 🙂 Biggest take away is that I need to continue in a bridging until my business brings in an income but I need to find a part time job that pays a higher hourly rate to cover my living expenses and I feel I can only work part time in a job as otherwise I don’t have the energy to work on my business. Also the importance of saving over paying off debt, makes so much sense. Thanks for another amazing episode.

    • Jillian - Team Forleo

      Bee, we’re so glad that this episode had so many helpful moments for you! The power of a good bridge job is something we’ve talked about in previous episodes, and can provide so much essential financial support as you continue building your business. We’re wishing you all the best!

  161. Hi Amanda and Marie <3

    A huge thank you for the teaching in this episode. It reminds me to be grateful for what I have and being selective of what I need to be happy. I will think twice before buying something new. Thank you <3 Hugs

  162. Great insights, Thank you Marie and Amanda.

    I liked the downsizing strategy and its unseen consequences of closer family life. My wife and I did that move not long ago, getting rid of 90% of our belongings, bringing rent below its 2002 level! This also broke that isolation of being in separate rooms for different functions.

    On having a side job to sustain a mission, I recently realized that doing so, not only slows down the process but also cost more money! With a job, it would take a year to accomplish what can be done in two months without a job. I would have to tap into savings anyway because a job that does not drain me mentally and physically would not bring enough revenue. This slow bleeding would cost more on the long run. (24k vs 10k in my case for the same amount of work done toward the mission)
    So I took the leap.

    • Jillian - Team Forleo

      Georges, we love these takeaways. For some people, having that side job gives them more space to create and build their own businesses, and for others, knowing when to take the leap is the biggest driver for success. Being able to make that distinction for yourself is so important, and we love that you ultimately made the choice that propelled you forward in the best way!

  163. Kenya

    Great podcast! I am one of the mid to high income earners that have many issues with finances due mostly to those “life curveballs”. I am going to try to set aside money that is different from my emergency fund to help me tackle those. Thank you so much Amanda and Marie

  164. Love the episode on starter guide to managing money! Question: what if your husband is the primary provider and you desire a smaller home, more economical car, more savings but your husband wants the opposite?

  165. Sue

    my action item is to live lower than my means, spend less then I have been spending, and paying attention to the things I need vs the things I think I want. Thanks so much for your work and book, I’m buying a few and sharing with others! OH and I love the idea of the small apartment, I did this also when I divorced, sold my house, and moved and it THE BEST!!!

  166. Philip

    Great episode. I struggled financially for many years of my life from age 20-35. Living paycheck to paycheck, having little to no money and having a negative net worth. After major life changes and starting over I was able to payoff all debt and build a positive net worth. I’ve been completely debt free for many years now and the financial peace that comes from the lifestyle choice of not doing debt and living beneath your means is immeasurable. Here are the baby steps I took that changed my life…
    1. Save $500-$1,000 emergency fund.
    2. Payoff all debt except the home, starting with the smallest debt. After it’s paid off roll that over into the next debt and the next. It’s a snowball effect.
    3. Save 3-6 months worth of living expenses. I was able to do this when income was free from debt.
    4. Save 15% of income into retirement. This was gradual. Every year I got a raise I would increase it till I was investing 15%
    5. Payoff the home as quickly as possible. For me that was 4 years. My wife and I threw as much money as possible at our mortgage.
    We didn’t have much of a life for many years and I remember eating a lot of ramen noodles. But now our entire income is free to cover the basics of food, clothing, shelter, transportation. Our biggest monthly expense is insurance. Home, auto, life.
    And now we’re maxing out our retirement contributions for the next 20 years.
    Other things that helped was being disciplined, doing a zero based budget every month and sticking to it. We even used cash envelope system for certain categories like groceries. Finding free things to do or going to the cheap show, using Groupon etc.
    Tony Robbins once talked about moving to a cheaper part of the country can be helpful in getting ahead. Markets like NYC and San Francisco can be expensive. I moved to a state with no state income tax a reasonable cost of living. If you are able to do that, it’s incredibly helpful to get ahead with your personal finance goals.

    • Jillian - Team Forleo

      Philip, we love hearing all about your incredible success with revamping your financial health, feeling great about where you are in life, and how you were able to achieve some truly remarkable goals. Thank you for sharing, and for offering some context for the rest of our community!

  167. Shirley

    I am glad to hear that most of what I do is on the right track.
    I have a Christmas fund, which you don’t get until November. In that account it pays for the first property taxes, car registration, Christmas, and a little leftover.
    I have a regular savings account that pays for the oh no.
    I have a special savings for things I want to do.
    Checking for the bills and such. A little everywhere adds up.
    Thanks for the other tips.

  168. Cherie

    Best take away? Curve ball account! I now have one!

  169. Lena

    I’m still in college so I don’t have any consistent income yet but what I took away from this interview is to be more conscious about your spendings. Most of my spendings go to food – it’s important for me to cook fresh food every day because it makes me feel good so I would never give that up. But I’ve never had a budget set for myself in the past in terms of grocery money so I decided on a number for next week and I will only pay in cash so I can visibly see how much there’s left everytime I run into a grocery store.

    Another insight I had from this interview was to look at money spending like a video game – Who knows maybe the following week I can aim to lower my budget another few euros?

    Thank you for the valuable interview! I’m only 24, I don’t have my own business or anything like that but I still get so many insight from you, Marie, about how to adult 😉

  170. Glen Barlow

    As always, Marie and her guests provide great content in a way that reaches the heart of the matter. I’ve learned something about banking in catastrophic times that I’d like to share. I’m not an expert by any means so when I discovered this information from the last melt down it got me thinking. Banks tend to foreclose on the homes with the most equity first. If you can get a $250,000 house for $50,000, wouldn’t you do it? They’ve got $200,000 plus most of the interest they will earn. Essentially, they get all of your equity, most of the interest and the house for a couple thousand in foreclosure costs. With younger loans they tend to be slower to foreclose, because they are upside down just like the borrower. Granted, there are other factors involved in the bank’s decision and yet the bottom line is they have to have performing loans. A fifteen year loan will be a target as well. There is no addition to your net worth until the last two or three years which is the about the same time you flip to the positive on a thirty year mortgage. You pay less total interest and that’s good as long as there is no disruption in income that will make the higher payment more difficult to make. Making double payments on your loan reduces interest and shortens the time to discharge the loan. It also makes you the high equity target and if there is a loss or reduction in income all of this doesn’t buy you time as if you are paying ahead. That next month, the bank expects another payment even if you made a triple payment the previous month. Instead, make the lower payment and make the double payment to yourself. You’ll pay the bulk of the interest, but then at the halfway point you start monitoring your pay off and compare that to what you’ve set aside by making double payments to yourself. Then pay it off in one chunk. Surprisingly, you’ll have the house paid off in about fifteen years. In short, it’s a call between safety and reducing interest costs. It’s similar to the credit card scenario. Paying off one leaves you exposed to potential problems. Sorry this is so long. I love Marie TV and what she’s doing has been helpful to me in so many ways, so I’d thought I’d share this as a way to expand on a topic. As in life there are a thousand ways of doing anything and this is just another option. Thank you Marie for doing the work you do.

  171. Sarah

    This was a great conversation, very motivating and thought-provoking!

    One thing I still have trouble with is asking for money that is owed to me — from friends and family to business and medical providers. Any recommendations on how to make that icky, uncomfortable feeling go away? Or is it just practice?

    Thanks!

    • Jillian - Team Forleo

      Sarah, we absolutely understand that discomfort; it’s a tricky thing to combat! As you suggested, practice is one of the most effective ways to overcome it. Leading with a deliberate intention and being clear on separating emotion from the ask are also ways around that icky wishy-washy feeling as well. And if you’re looking for more helpful tips, we did an episode all about how to get paid when you hate asking for money:

      https://www.marieforleo.com/2014/10/get-paid

      We’re wishing you all the best as you take some steps towards feeling more comfortable with this topic!

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