#126: What I Wish I Knew About Money In My 20s
10/05/23 • 21 min
Ever felt overwhelmed by fear of debt, to the point where it's clouded your perception of yourself? You're not alone. My own dread of debt kept me credit card free throughout my 20s and shaped an unsettling narrative of personal worth tied to financial debt.
In this engaging episode, we'll redefine debt, not as 'good' or 'bad', but as neutral that, when understood and handled strategically, can be a powerful tool irrespective of your age or stage in life.
Retrospective insights from my 20s form a significant part of the discussion; from the pressure of maintaining a 'fashionable' image to learning the art of declining unnecessary expenses.
Remember wanting that swanky apartment but couldn't afford it? I had the same desire, but chose a budget-friendly apartment instead – a decision that has paid off.
Whether you're just starting out on your financial journey, or seeking to improve your financial knowledge later in life, this episode's candid anecdotes and valuable advice are sure to equip you with a fresh perspective on debt and the importance of saving for retirement.
You Might Like:
- Get the BRAND NEW FREE Goodbye Debt Tracker!
- Grab my FREE Budgeting Cheat Sheet.
- Get the Budget My Paycheck Spreadsheet.
- Follow Allison on Instagram! @inspiredbudget
- Check out Inspired Budget's blog.
- Take my FREE class on How to Budget to Build Wealth!
Ever felt overwhelmed by fear of debt, to the point where it's clouded your perception of yourself? You're not alone. My own dread of debt kept me credit card free throughout my 20s and shaped an unsettling narrative of personal worth tied to financial debt.
In this engaging episode, we'll redefine debt, not as 'good' or 'bad', but as neutral that, when understood and handled strategically, can be a powerful tool irrespective of your age or stage in life.
Retrospective insights from my 20s form a significant part of the discussion; from the pressure of maintaining a 'fashionable' image to learning the art of declining unnecessary expenses.
Remember wanting that swanky apartment but couldn't afford it? I had the same desire, but chose a budget-friendly apartment instead – a decision that has paid off.
Whether you're just starting out on your financial journey, or seeking to improve your financial knowledge later in life, this episode's candid anecdotes and valuable advice are sure to equip you with a fresh perspective on debt and the importance of saving for retirement.
You Might Like:
- Get the BRAND NEW FREE Goodbye Debt Tracker!
- Grab my FREE Budgeting Cheat Sheet.
- Get the Budget My Paycheck Spreadsheet.
- Follow Allison on Instagram! @inspiredbudget
- Check out Inspired Budget's blog.
- Take my FREE class on How to Budget to Build Wealth!
Previous Episode
#125: Turning Fear into Financial Power with Farnoosh Torabi
Ready to face your fear of money and unlock the power of financial success?
Join me with personal finance expert, author, and host of the So Money podcast Farnoosh Torabi.
We'll discuss how fear can be harnessed as a superpower for financial success, navigating the complex maze of fear-based decision-making.
You'll learn how societal norms and parental influence can shape our relationship with money, as well as gain insight into the dangers of toxic positivity and how embracing all our emotions can lead to a balanced life.
It's time to flip your script on fear - don't miss it!
Connect With Farnoosh:
On Her Website: AHealthyStateofPanic.com
On Instagram: @farnooshtorabi
You Might Like:
- Get the BRAND NEW FREE Goodbye Debt Tracker!
- Grab my FREE Budgeting Cheat Sheet.
- Get the Budget My Paycheck Spreadsheet.
- Follow Allison on Instagram! @inspiredbudget
- Check out Inspired Budget's blog.
- Take my FREE class on How to Budget to Build Wealth!
Next Episode
#127: Transforming Your Personal Finances: From Debt to Abundance with Rachel Luna
Do you ever feel like your personal finances are a mystery you'll never solve? What if you could completely reframe your thinking about debt and wealth building?
In a riveting conversation with the brilliant Rachel Luna, a renowned international speaker, certified master neuroscience coach, and bestselling author, we uncover the transformative power of rethinking our personal finances.
Rachel's journey is one of resilience and grit, overcoming adversity to become the influencer she is today. She generously shares her personal experiences, insights, and strategies, drawing from her empowering book, "Permission to Offend."
This book is a beacon for women, particularly mothers, nudging them towards a life of authenticity and abundance. Rachel's insights are steeped in empathy, and she underscores the importance of daily self-check-ins, a crucial step towards acknowledging our inherent value, independent of our bank account or net worth.
In our exploration of personal finance management, we challenge old habits and mindsets, particularly those influenced by trauma. Rachel's candid discussions about overcoming debt, not once, but twice, are particularly enlightening.
She offers a fresh perspective on how to navigate the feelings of shame, guilt, and blame that often accompany debt. With her valuable insights and actionable advice, you'll learn how to reframe your own narrative about money and debt. So, ready to transform your personal finances and live a life of abundance? Listen in!
- Amazon Affiliate Link for Rachel’s Book: https://amzn.to/3NWLkjc
You Might Like:
- Get the BRAND NEW FREE Goodbye Debt Tracker!
- Grab my FREE Budgeting Cheat Sheet.
- Get the Budget My Paycheck Spreadsheet.
- Follow Allison on Instagram! @inspiredbudget
- Check out Inspired Budget's blog.
- Take my FREE class on How to Budget to Build Wealth!
Inspired Budget - #126: What I Wish I Knew About Money In My 20s
Transcript
Tracking is like watching the game while budgeting is playing in it . You need both to score , so sure . Find a way to monitor your income and expenses that fit your lifestyle , whether it's an old school paper and pencil , a handy app or a software like Quick-In but pair it with a solid budget . Hey , this is Allison , and welcome to the Inspire Budget Podcast where we talk all
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