Prepare for a financial journey as we delve into the world of money mastery, featuring Nicole Barham, creator of 5 Minute Bookkeeper®. We promise that by the end of this episode, your understanding of financial systems and processes and your perception of money will have transformed, regardless of whether you are neurodivergent or not.
This episode introduces some simple yet effective tricks and tips to get your financial life in order, even when it seems like there's barely anything coming in to manage. We break down the complex systems and present comprehensive yet straightforward ways to stay on top of your finances.
Our conversation doesn't stop at personal financial planning. How about teaching kids about money and instilling good habits early on? We've got it covered. We touch on some critical points about introducing children to the concept of budgeting, saving, and earning their own money without overwhelming them. We share personal experiences and discuss how to communicate effectively about money, particularly if you are neurodivergent.
Lastly, we tackle the topic of financial challenges and how to overcome them. We have an insightful discussion about the importance of maintaining a positive relationship with money, regardless of the circumstances. We explore the importance of financial awareness and discuss the need for small, consistent money habits that can make a significant difference in the long run. We also touch on the topic of when to seek professional help and how to find the right resources to support you. So get ready for an intense financial expedition that is sure to leave you more informed, prepared, and comfortable dealing with money.
Learn more about 5 Minute Bookkeeper® (aff) at: briarharvey.com/5mbk
(0:00:01) - Money Mastery and Overcoming Financial Challenges
(0:16:26) - Teaching Kids About Money and Communication
(0:29:48) - Building Financial Awareness and Long-Term Success
(0:43:25) - Financial Challenges and Seeking Professional Help
(0:58:33) - Introducing 5 Minute Bookkeeper® and the Neurodiversity Media Network
(0:00:01) - Money Mastery and Overcoming Financial Challenges (16 Minutes)
We discuss how money can be a scary and overwhelming topic for neurodivergent people and how they often don’t have the time or ability to learn complex systems. I introduce Nicole Barham, the creator of Five Minute Bookkeeper, an easy and simple system to help manage finances. Nicole shares her background in corporate finance and accounting, and how she created Five Minute Bookkeeper to make finances easier for those with neurodivergent brains. Finally, we tackle the issue of money coming in and out and how it can be easier to track when there is not a lot of money coming in. We encourage people to look at their finances early and get organized, so it’s easier to manage their money in the future.
(0:16:26) - Teaching Kids About Money and Communication (13 Minutes)
We explore how to instill positive money habits in a way that doesn't overwhelm them, such as encouraging them to set aside a percentage of their income and get into the habit of allocating money to different 'pots'. We also share our own experiences with our children when it comes to budgeting and paying bills and the importance of teaching our kids how to earn their own money. Finally, we discuss how to navigate communicating about money in a way that is comfortable for neurodivergent people.
(0:29:48) - Building Financial Awareness and Long-Term Success (14 Minutes)
We examine how to maintain a positive relationship with money, even when it's not looking great. We talk about the importance of having a strategy for dealing with financial issues, especially when faced with difficult choices. We also discuss the consequences of not properly managing our finances, and how this can often lead to a cycle of debt. Finally, we explore how understanding and monitoring our finances can help us build better financial plans and make better decisions in the future.
(0:43:25) - Financial Challenges and Seeking Professional Help (15 Minutes)
We discuss how to work with a professional to get back on track and how to find the right services to support you. We also touch on the importance of shifting our mindset around money and our attachment to it, as well as seeking out other programs to help with healing any trauma we might have around the topic. Finally, we discuss the need for small money habits and rituals to help build a positive relationship with money.
(0:58:33) - Introducing 5 Minute Bookkeeper® and the Neurodiversity Media Network (1 Minutes)
We cover the resources available to help people maintain a positive relationship with money. From free apps to investing in professional services, we provide guidance on how to find the right services to support you. We also discuss the importance of being open and honest with your financial advisor and how to keep your financial goals in sight.
Progressing Towards Money Mastery (What's Coming In?)