Money Roots: A New Direction for Wine and Dime
Welcome to the final edition of Wine and Dime for 2023! As we wrap up the year, I am thrilled to have the whole team here today to share our favorite financial tips. But before we dive into that, I want to make a special announcement. In 2024, we will be rebranding the podcast as Money Roots. This exciting change will bring a fresh perspective and allow us to explore a wider range of topics related to personal finance. So, stay tuned for an even more engaging and informative podcast next year!
Now, let's get back to the main focus of today's episode. Each member of our team will be sharing their one financial tip that they hope you will take with you into 2024. These tips are not only applicable to your finances but can also be applied to various aspects of your life. So, without further ado, let's hear from our team!
Key Takeaways:
- Discipline is freedom: Applying discipline to all areas of life, including finances, can lead to a sense of freedom and progress.
- Start small: Taking small steps towards financial goals can build discipline and lead to long-term success.
- Reflect on joy: Reflecting on what brings joy and setting intentions to continue those experiences can enhance overall well-being.
- Let go of past mistakes: Dwelling on past financial mistakes can hinder progress, so it's important to focus on the present and future.
- Embrace new challenges: Doing something scary can lead to personal growth and positive outcomes.
Remember, just like a good bottle of wine, the Wine and Dime Podcast gets better with time. So don't forget to rate and subscribe to our show, where we blend the flavors of wine and personal finance to help you achieve financial freedom!
If you have any questions that you would like answered on the show, feel free to email us at info@rootedpg.com
Or visit us at www.rootedpg.com/podcasts for full show notes and links!
Discipline is Freedom: A Tip for Life
Kerrie Beene kicks off our discussion with a powerful tip that applies to all areas of life, including finances. She shares, "Discipline is freedom. It's a skill that you can apply to every area of your life." Carrie emphasizes the importance of not procrastinating and taking care of things upfront. By being disciplined, we can avoid piling up tasks and instead experience a sense of freedom and control. This tip is especially relevant when it comes to managing our finances and not ignoring important financial matters.
Start Small: Setting Yourself Up for Success
Liz Zemak builds on Carrie's tip by encouraging listeners to start small when implementing change. She advises, "Take little bite-sized amounts that you can handle. Start small and set yourself up for success." Liz highlights the significance of starting with achievable goals, even if it's just saving a small amount each week. By starting small and experiencing success, we can build discipline and gradually work towards bigger financial goals.
Reflecting on Joy: Setting Intentions for the Future
Becky Eason suggests using the end of the year as a reflection point to identify what brought you joy and how you can continue that into the next year. She explains, "Think about what you spent money on that brought you joy and what you're proud of." By reflecting on joyful experiences and spending habits, we can set ourselves up for continued happiness and make intentional choices that align with our values. This practice can be particularly valuable when setting financial goals and making spending decisions.
Life Happens: Embracing Change and Moving Forward
Kate Welker reminds us that life happens and that we should not dwell on past mistakes or missed opportunities. She shares, "Life happens. You can't change what you did, but let's make a plan to go forward." Kate emphasizes the importance of letting go of shame and regrets and instead focusing on creating a new perspective and setting new intentions. This tip is especially relevant for those who may have made financial mistakes in the past and need to shift their mindset to move forward.
Do Something Scary: Embracing Growth and Change
As the host of the podcast, I want to share my own tip for the new year: do something scary. I encourage listeners to step out of their comfort zones and embrace opportunities for growth and change. I share, "This year, we've been doing a lot of things that have made me lay in bed at night and worry, and you know what? The result has not been as scary as I made it." By taking risks and facing our fears, we open ourselves up to new possibilities and experiences. This tip can be applied to both our personal and financial lives, as it encourages us to challenge ourselves and pursue our goals with courage and determination.
Conclusion: Looking Ahead to Money Roots
As we wrap up this episode and the year, I want to express my gratitude to all our listeners and to TJ Meehanof Meehan Media for his invaluable support in producing the podcast. I am excited about the future of Money Roots and the opportunity to bring you even more engaging and informative content in 2024. We hope that these financial tips from our team will inspire you to make positive changes in your life and set yourself up for a successful and fulfilling year ahead. Cheers to a bright future and a prosperous 2024!
This episode is brought to you by Rooted Planning Group. Rooted Planning Group is a fee-only financial planning firm that specializes in working with women in their 30s and 40s who want to take control of their finances and plan for the future. Whether you're just starting out or you're looking to make a big change, Rooted Planning Group can help.
Visit www.rootedpg.com to learn more.
Transcript
[TRANSCRIPT]
::0:00:38 - (Amy Irvine): We thought it'd make it fun. And then at the very end of the podcast, I know I've been teasing you for the last couple of weeks, we have a big special announcement that we're going to make. So make sure you stay tuned for that announcement. And so I just want to say for those of you that look forward to the little wine tip, I think I mentioned last week that I didn't have a particular wine. I was looking in a region. Well, this morning, as the team knows, because they got a message from me in slack, I'm going to Italy, and Italy is going to be, it's actually sitting on the counter right now, ready for me to open it. 455 today.
::0:01:49 - (Amy Irvine): So I'm going to go around the screen that I'm looking at, or if somebody wants to go first, raise your hand. But Carrie, you're listed first on my screen. Would you like to go first and give your favorite tip that you like to give to clients or that you'd like clients to leave 2023 with?
::0:02:12 - (Amy Irvine): Yes.
::0:02:43 - (Kerrie Beene): I think sometimes we tend to ignore things and then they pile up versus taking care of things up front. So I think discipline is freedom is my tip. I think for me, not only is it finances, but it's also like working out. Sometimes I don't want to work out and I don't want to do things, but if I can do them, then I feel that sense of freedom the rest of the day. And as far as finances, I think sometimes we stick our head in the mud, and I think if we can not procrastinate, focus on the things that we're supposed to focus on, it gives us a sense of freedom and a picture of where we're at. And sometimes, even if the picture isn't as good as you want it to be, knowing what the picture is, I think, and moving forward with that is really important.
::0:04:08 - (Amy Irvine): If I need help, that's the other thing. If I need help, I'm going to commit to going to get help on that particular. So it's not just about procrastination. It's also not procrastinating if you don't know how to do it yourself. And as women, we do have a hard time. At least I do have a hard time asking for help. Thank you for sharing that tip. And the name of the book, agaIn, was what?
::0:04:43 - (Amy Irvine): He also has a podcast. They're long episodes, but they're very interesting. I've listened to some at times. You can tell he was military, the way that he approaches. Yeah, yeah. Thank you for sharing that. Next on my screen, and because I brought her up as well, is Liz Zimac. Liz is the newest edition of Rooted Planning Group. She's been with us just about six months at this point in time. Hard to believe she fit in from day one and has really hit the road running.
::0:05:19 - (Liz Zemak): So I do want to preface this with, we did not plan this, but mine piggybacks off of Carrie's. It's almost perfect. That's why I was sitting here and I'm like, wow, mine was going to be to start small. So when you're trying to implement change or to that example, like if you're trying to get out of debt or you're in something that feels overwhelming, and I'm going to relate this also to my piece I do for the newsletter of your health is your first wealth. A lot of people, especially coming up in the new year, are trying to make some big changes.
::0:06:30 - (Amy Irvine): It's something.
::0:06:44 - (Amy Irvine): Yeah. Which is a great one. I think it is. Even if it's $5, rIght? If it's a buck, like a buck, $1 a week adds up to $52 a year adds up to $104 in two years. It makes a difference. So, yeah, starting small is great, Liz. And that's true, I think relating back to your health as your first wealth article, that's true with health care. That's true with, if you're trying to lose weight, how do you sustainably lose weight? You start small, little changes in your life that you, I mean, I've had.
::0:07:40 - (Amy Irvine): And I'm going to put a little plug in that if you're looking for something to reference to start small rooted planning group just so happens to have a book that you can get that actually walks you through a small step every single month. So I unshamelessly have that plug that I'm going to put in there. Thank you so much, Liz. So Becky Eason is next in our little grid. We are like the little Brady Bunch, is the way I look at us, except we're all women.
::0:08:54 - (Amy Irvine): Or what have you learned over the last year? Being a first time mom? Yeah.
::0:09:35 - (Amy Irvine): Okay. That's a great tip. Thank you, Becky, for sharing. Know, we do ask all of our clients that question, and I will say it has generated some of the most meaningful conversations that we've had with clients. And it seems like they're really enjoying it's car talk is what I call it. Right? They've been saying, oh, we talked about that last night, or we talked about that in the car. So I think that's a wonderful tip. Becky, any particular tip for first time moms that you've learned over the last year?
::0:10:15 - (Amy Irvine): Yeah, that's part of the enjoy of being a mom isn't. Yep. Yeah. Thank you, Becky. Hey, you're next on know screen here. I can't wait to hear what your tip is. I almost said oldest. That's not the case. The most senior member on the team, the one that has been with rooted planning group besides me the longest. You get very conscientious words like that start to show some numbers on the page. What would be your tip that you would leave listeners with?
::0:11:25 - (Kate Welker): And I usually respond with life happens. Like life happens. Life happens. You can't change what you did, but let's make a plan to go forward. Maybe you cashed out your four hundred and one K and did something that looking back was maybe not the wisest decision, but let's figure out where you are now. And unfortunately, I think a lot of people have had bad relationships with some advisors in the past that made them feel that way, too. So just really, it's behind you. It's behind you. Put it away and let's get a new perspective. Let's set new intentions going forward so that we don't fall into those same things.
::0:12:16 - (Amy Irvine): Okay, first, I love that you use the friend scene Pivot. That's one of my favorite shows. Yeah, it's one of my absolute favorite episodes of Friends. And to rephrase what you said, I think it's don't shit on yourself. Right. That's a phrase that I've used in the past, like, don't should on yourself. Just let it go. You got to let it go. There's just nothing you can do about it. It's not going to make it any better, like putting that kind of pressure on yourself. Let it go, move forward.
::0:13:27 - (Amy Irvine): And I realize things are still probably rolling out from some of the things that we did this year. But I would encourage everybody to think about something that they're really scared of and think about for me, how would it improve your life if it works, not if it fails. And so for 2024, that's my motto that I'm going to think about how I did something that was really scary. And I'll let you know in December of 2024 how that all worked out.
::0:14:37 - (Amy Irvine): Super excited about this change and the direction of the podcast. Now, I'm still going to give you my favorite wine tips from time to time, so don't think that's going to be left out because that's my second passion and I'm going to make sure that I share that with you, but I'm going to have some fun with it and try to find some wineries and some wines because we have total wine down here in Florida, we have GCP in upstate New York. And on my travels next year I'm going to make that my mission to find really good wines that are affordable. But the podcast is going to be fun in that we're going to bring guests in to talk to different people from different angles.
::0:15:57 - (Amy Irvine): My goal for the podcast next year is to have 10,000 listeners, so we have a lift of about 2500 that we need to bump it up. But I think again, by changing the name we'll be able to reach more people and I am super excited about that. Thank you everyone for joining me today. Loved having the whole gang here of planners on our team and thank you everyone for listening. I hope you have a wonderful rest of this year. We look forward to the new brand in 2024. We look forward to your feedback, we look forward to your questions and I just want to give a special shout out. Thank you to TJ Mian of me and Media who always comes in, produces the episode, fixes the faux pause and makes sure it gets released on time even when I'm last minute. Thanks everyone.
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