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Money Rehab with Nicole Lapin

Are You Financial Healthy? 5 Tips To Improve Your Financial Fitness

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.61.7K Ratings

🗓️ 2 January 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Around the New Year, it's popular to make resolutions for health and wealth— but we typically put those goals into two separate categories. Today, Nicole makes the case for including money as a part of your overall health picture, and five tips to get financially fit this year.

Transcript

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0:00.0

I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

0:06.3

It's time for some money rehab. Around the new year people set all sorts of goals for their mental and physical health.

0:18.8

It's also very common to set financial resolutions, but typically health and wealth are separated

0:23.7

into two separate sets of goals.

0:26.4

But I'm going to challenge you today

0:27.6

to think about your money as part of your health.

0:30.0

And this shouldn't be too difficult

0:31.3

because you've probably already seen by now how money and health go hand in hand.

0:35.2

Money challenges can cause all sorts of stress that certainly have health effects.

0:39.7

I know this personally. Even beyond stress, there is financial trauma and that is no joke.

0:45.0

And it's not just nerves before a big purchase or when your bank account hits a particular low point.

0:51.0

It's this deep-seated anxiety, the kind that triggers full-blown sweaty

0:55.7

palm panic attacks just at the thought of anything to do with money. Part of my

1:00.3

healing journey with my own financial trauma has been making a show, writing books, but it's also about simple, actionable changes that reshape my mindset.

1:11.0

Having more money, of course, has improved my outlook, but I have also used

1:15.2

little strategies that have helped me along the way build healthy habits that

1:19.4

fortify my own financial wellness. So today I'm going to take you through five practices that can help

1:24.7

keep you financially healthy in 2024. Number one, find your wealth routine. If you have a good routine for your health and wellness that you're

1:33.4

really into you can apply the same principles to your finances. So what's

1:37.8

working for you there? Are you a rise and shine jogger at 6 a.m?

1:41.7

Awesome it sounds like you're a morning person so give your sneak and list. If you're a gym person and you have an Uber detailed plan of how you're going to increase your reps or whatever happens at the gym. I haven't seen one and in quite a long time.

2:00.0

Or the weight you can bench press, channel that discipline into the financial world and make a timeline for incrementally increasing your savings or retirement contributions over time.

...

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