Key Conversations with Amanda Goff | Episode 1

How Do You Relate to Money?

Episode 1 | 5.2.19
Host: Amanda C Goff (Visual Strategies)
www.SilverKeysMedia.com

Guest: Cecilia Case (The Money Relationship Coach)
www.BountifulMoneyCoach.com

Get your exclusive “Spending and Emotions Worksheet” and book a complimentary money empowerment session with Cecilia at this link: www.bountifulmoneycoach.com/silverkeysmedia

This series is a way for me (Amanda) to share all the amazing people I meet in my networking adventures. It is designed to promote life balance, help entrepreneurs and biz professionals be more successful & bring you the latest / greatest in digital technology.

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Music Credit: “Summer Sunrise” | http://www.PlayOnLoop.com Licensed Under Creative Commons: By Attribution 3.0 License



TRANSCRIPTION

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 welcome everyone this is actually the

 0:00:09.370,0:00:15.130

 very first key conversations with Amanda

 0:00:12.460,0:00:17.890

 Goff I’m so glad that you are tuning in

 0:00:15.130,0:00:22.150

 and watching this I’m so excited to

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 start bringing a video and review style

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 type resource that I can provide to all

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 of you out there that are business

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 owners business professionals and just

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 you know everyday people I learn about

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 so many amazing things from the people

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 that I network with and this is a way

 0:00:41.500,0:00:48.160

 that I can share that so my very first

 0:00:44.620,0:00:51.780

 guest is Cecilia case she is a money

 0:00:48.160,0:00:55.750

 coach or a money relationship coach and

 0:00:51.780,0:00:58.690

 this is right around tax season so like

 0:00:55.750,0:01:01.510

 good time thinking about money and

 0:00:58.690,0:01:05.110

 thinking about our relationship with

 0:01:01.510,0:01:07.689

 that um so Cecilia tell us a little bit

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 about yourself well thank you so much

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 Amanda for having me on this is really

 0:01:09.759,0:01:16.659

 fantastic and I’m so honored to be your

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 first guest that’s really fun so yeah I

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 am like you said I’m a money coach and I

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 really I like to help people um get and

 0:01:22.780,0:01:27.340

 stay out of debt and learn to have a

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 really good relationship with money and

 0:01:27.340,0:01:35.649

 sort of spend according to their values

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 and so I kind of I do this because I

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 think that money is so important in our

 0:01:37.869,0:01:42.819

 lives it has its root and it’s tendrils

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 into almost every aspect of our lives

 0:01:42.819,0:01:50.049

 are affected by money and I personally

 0:01:47.310,0:01:52.990

 have my own money journey my own money

 0:01:50.049,0:01:55.119

 story and as I evolved through that and

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 grew through that I realized that I

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 wanted to share with others I wanted to

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 help others create a good relationship

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 with money

 0:02:00.850,0:02:11.140

 so yeah yes you get started in this

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 that’s kind of it’s very niche yeah

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 absolutely

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 it is because I’m not a financial

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 adviser you know I’m not I’m not

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 handling people’s investments or you

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 know doing life insurance or anything

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 like that

 0:02:19.849,0:02:25.040

 this is definitely something that’s a

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 little bit different and I came to it

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 because my personal money story is

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 probably pretty similar to what other

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 people have or at least I’m sure

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 everyone has some sort of you know they

 0:02:35.599,0:02:41.000

 can see bits of themselves in in my

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 story and me and them and my money story

 0:02:41.000,0:02:49.879

 is is that I grew up a I grew up in a

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 middle-class family my mom was a

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 stay-at-home mom my dad was an engineer

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 still as an engineer and so he had a

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 very stable fairly stable income and was

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 rarely unemployed and that would make

 0:03:02.870,0:03:08.000

 you think that that we would have a very

 0:03:04.939,0:03:11.480

 stable money situation financial

 0:03:08.000,0:03:14.599

 situation and it wasn’t true I grew up

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 in a situation of what I now call the

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 debt yo-yo right so you you’re the whole

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 family we get into debt and then we kind

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 of crawl our way out of debt and we’d

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 have like a celebratory dinner you know

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 and be like yes we’re out of debt we’re

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 never gonna do that again and then turn

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 around nine months later a year later

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 and realize we were getting ourselves

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 back into debt again you know and as a

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 child that’s what I saw you know I saw

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 this debt yo-yo and I didn’t necessarily

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 understand why it was happening but I

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 grew up with a money story that money is

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 scary you know and that it causes

 0:03:50.199,0:03:57.500

 upheaval in your life or in you know

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 sort of uncertainty in your life and so

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 when I became at my own adult and I

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 started I got my own jobs and you know

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 all this sort of thing financial

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 security and safety was really important

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 to me is one of my highest sort of goals

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 was to be financially secure so I if I

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 had two choices in my life one that

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 would make me happy but was risky and

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 one that was make me less happy but was

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 financially stable I would always choose

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 the financially stable choice you know

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 and even through that though I would go

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 into that yoyos

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 I would do the exact same thing I

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 emulated my parents I am elated by dad I

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 became an engineer you know and yeah

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 right and which is a very stable job you

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 know so I did that right but at the same

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 time I I could found myself always

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 getting into debt you know student loan

 0:04:51.199,0:04:57.050

 debt credit card debt car loans never a

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 huge amount but enough that it was

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 always a stress in my life and so about

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 five or six years ago I realized I can’t

 0:05:04.220,0:05:06.830

 do this anymore I don’t like this living

 0:05:06.199,0:05:09.260

 like this

 0:05:06.830,0:05:10.970

 and I really buckled down and I realized

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 that I was gonna have to make some real

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 changes in my life and so I did the

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 usual like you know typing on the

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 keyboard googling how do how the heck do

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 I get myself out of debt and I ran a cut

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 right everyone does that every six

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 months I would do that it’d be like how

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 the heck do I get out of debt and and I

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 did that and this time a budgeting

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 program came up called YNAB it which is

 0:05:37.729,0:05:42.800

 why and a B and it stands for you need a

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 budget man

 0:05:42.800,0:05:48.289

 this program is still exists I still use

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 it daily and it changed everything for

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 me I downloaded it at the time you

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 downloaded it now it’s a web app but I

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 downloaded it and within 30 minutes I

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 knew that it was going to change

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 everything for me it just wasn’t such an

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 amazing way of looking at money and so

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 over the period of three years I paid

 0:06:03.740,0:06:07.340

 off my debt and ever since then I’ve

 0:06:06.050,0:06:09.410

 never been in debt unless I

 0:06:07.340,0:06:13.070

 intentionally I had a reason to be in

 0:06:09.410,0:06:14.900

 debt like I bought a boat with debt but

 0:06:13.070,0:06:19.070

 I paid it off really really quickly and

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 it was sort of a strategic decision and

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 I had a house with a mortgage but

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 consumer debt was gone

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 student loan was gone car loans were

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 gone and I realized not only had I paid

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 off all of these debts but I had the

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 skills and new relationship with my

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 money that I didn’t have to ever get

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 back into debt again you know that I

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 knew how to keep out of that careless

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 debt yo-yo cycle that I’d been in

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 so that’s when I started realizing wow

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 it’s not just the budgeting I have a

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 real total system here that I would love

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 to share with the world wonderful and it

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 is so true you said that you know we all

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 have we all have our money journey we

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 all carry baggage from how we were made

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 and whether we react to how we were

 0:07:07.790,0:07:10.670

 raised

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 you know swinging the pendulum one way

 0:07:10.670,0:07:20.930

 or the other right but a debt that is so

 0:07:14.480,0:07:22.520

 easy to attain because you know like you

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 said with school loans and a mortgage

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 but then you’ve got the car and then

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 you’ve got to take care of the car so

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 exactly we could go down a total rabbit

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 hole of you know how attitudes have

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 changed over the past 30 or 50 years in

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 terms of debt and consumer debt

 0:07:37.760,0:07:43.940

 especially there’s a lot of societal

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 changes that have happened but for me

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 it’s more about changing one person’s

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 relationship with money you know we all

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 have you’re absolutely right everyone

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 has a different money story it’s

 0:07:54.590,0:07:59.300

 different for everyone but there’s some

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 common threads usually you can usually

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 find something that’s very similar so

 0:08:03.340,0:08:09.530

 excuse me so that’s why I love what I do

 0:08:07.280,0:08:11.900

 you know that’s why I love it is I can

 0:08:09.530,0:08:14.590

 really help people heal one person at a

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 time heal that relationship with money

 0:08:14.590,0:08:22.100

 and yeah I was just going to say so

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 so tell us I know we chatted ahead of

 0:08:22.100,0:08:28.910

 time tell us some some real applicable

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 things that you think really important I

 0:08:28.910,0:08:33.260

 know it doesn’t necessarily always apply

 0:08:31.670,0:08:35.960

 to just a business owner a business

 0:08:33.260,0:08:37.700

 entrepreneur but that’s definitely a lot

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 of the people that are going to be tuned

 0:08:37.700,0:08:43.640

 to sure maybe some those key things that

 0:08:41.180,0:08:45.530

 you think are good takeaway and it could

 0:08:43.640,0:08:48.470

 be applied pretty quickly

 0:08:45.530,0:08:53.270

 absolutely yeah I mean there’s my

 0:08:48.470,0:08:55.040

 general I I don’t like calling it a

 0:08:53.270,0:08:57.200

 system but it kind of is a system a bit

 0:08:55.040,0:08:58.790

 it’s not a rigid system though it’s more

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 of a philosophy there we go that’s the

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 word I want

 0:08:59.810,0:09:04.699

 it’s a philosophy of having a healthy

 0:09:03.079,0:09:06.920

 relationship with money and I call them

 0:09:04.699,0:09:09.319

 the three pillars to a healthy

 0:09:06.920,0:09:10.459

 relationship with money and this is

 0:09:09.319,0:09:12.379

 you’re absolutely right this is for

 0:09:10.459,0:09:14.000

 everyone it’s not just business owners

 0:09:12.379,0:09:17.420

 and we can talk a little bit about the

 0:09:14.000,0:09:20.000

 special requirements for small business

 0:09:17.420,0:09:22.879

 owners afterwards but for these three

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 things this is for everyone the first

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 pillar is to having a good relationship

 0:09:25.310,0:09:30.259

 with money is understanding your

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 emotional Money story and rewriting the

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 ones that aren’t serving you mmm it’s

 0:09:33.079,0:09:37.089

 not about necessarily rejecting those

 0:09:34.730,0:09:38.959

 stories it’s about understanding them

 0:09:37.089,0:09:40.250

 understanding why you wrote those

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 stories in the first place because

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 usually their coping mechanisms right

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 you create these money stories in your

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 head and you find the ones that aren’t

 0:09:47.930,0:09:53.720

 working for you and rewrite them find a

 0:09:50.839,0:09:55.430

 new money story to replace them and so

 0:09:53.720,0:09:58.699

 and what I mean by a money story is

 0:09:55.430,0:10:03.529

 things like it can be as general and

 0:09:58.699,0:10:06.589

 broad as rich people are greedy right

 0:10:03.529,0:10:07.579

 yeah you know something saying something

 0:10:06.589,0:10:09.350

 like that in the back of your head

 0:10:07.579,0:10:12.559

 having that run in the back of your head

 0:10:09.350,0:10:15.410

 will make it very hard for you to gather

 0:10:12.559,0:10:16.939

 a lot of wealth because if you’re if

 0:10:15.410,0:10:19.040

 you’re a good person that most people

 0:10:16.939,0:10:21.620

 are good people who wants to be greedy

 0:10:19.040,0:10:23.689

 yeah who wants to be a bad person so if

 0:10:21.620,0:10:26.529

 you think rich people are greedy you’re

 0:10:23.689,0:10:29.300

 gonna you’re gonna subconsciously

 0:10:26.529,0:10:31.339

 subvert your ability to gather real

 0:10:29.300,0:10:34.100

 wealth right so that’s just one example

 0:10:31.339,0:10:38.170

 and there hundreds of examples for me my

 0:10:34.100,0:10:42.019

 money story was about the fear of an

 0:10:38.170,0:10:46.000

 instability you know that there was a

 0:10:42.019,0:10:48.439

 certain way of getting money and that

 0:10:46.000,0:10:51.920

 everything I needed to do was to avoid

 0:10:48.439,0:10:53.629

 instability right and not take risks so

 0:10:51.920,0:10:54.949

 you know everyone has a different money

 0:10:53.629,0:10:57.529

 story but that’s the first pillar

 0:10:54.949,0:11:00.379

 understand those and rewrite the ones

 0:10:57.529,0:11:05.439

 that aren’t serving you the second

 0:11:00.379,0:11:09.199

 pillar is the practical techniques of

 0:11:05.439,0:11:11.120

 managing your money and and that’s what

 0:11:09.199,0:11:13.040

 you often will see if you kind of Google

 0:11:11.120,0:11:13.610

 personal finance blogs and things like

 0:11:13.040,0:11:14.870

 that

 0:11:13.610,0:11:16.460

 these are the kinds of things that

 0:11:14.870,0:11:18.890

 you’ll see them talking about you’ll see

 0:11:16.460,0:11:22.340

 how to create a debt reduction plan or

 0:11:18.890,0:11:25.010

 how to learn how to save or how to

 0:11:22.340,0:11:26.840

 create a budget right but those those

 0:11:25.010,0:11:29.720

 are super super important but without

 0:11:26.840,0:11:31.820

 that first pillar you’re not really

 0:11:29.720,0:11:34.190

 gonna revolutionize your relationship

 0:11:31.820,0:11:36.590

 with money so those are very important

 0:11:34.190,0:11:39.950

 but the first pillar is is vital to

 0:11:36.590,0:11:42.920

 really changing how you how you interact

 0:11:39.950,0:11:45.250

 with those tools hmm it’s like it’s like

 0:11:42.920,0:11:49.580

 buying a really really nice beautiful

 0:11:45.250,0:11:52.760

 $200 chef’s knife but not knowing how to

 0:11:49.580,0:11:54.500

 chop with it you know not you’ve got

 0:11:52.760,0:11:56.210

 this great tool right but you don’t

 0:11:54.500,0:11:59.170

 really know how to use it so you have to

 0:11:56.210,0:12:02.030

 have both and then the third pillar is

 0:11:59.170,0:12:05.300

 what I like to call creating your new

 0:12:02.030,0:12:07.070

 money groove and really basically what

 0:12:05.300,0:12:11.180

 I’m saying is creating new money habits

 0:12:07.070,0:12:12.350

 and new money habits are very very

 0:12:11.180,0:12:14.450

 important because even if you have

 0:12:12.350,0:12:17.360

 changed your relationship with money and

 0:12:14.450,0:12:19.520

 you have practical techniques if you

 0:12:17.360,0:12:22.880

 don’t do them over the long term you

 0:12:19.520,0:12:25.880

 won’t have long-term changes in your

 0:12:22.880,0:12:28.280

 money situation right so you need to

 0:12:25.880,0:12:30.920

 have all three of them and with the

 0:12:28.280,0:12:33.080

 habits I like to tell people I want the

 0:12:30.920,0:12:34.400

 habits it’s very important that the

 0:12:33.080,0:12:37.670

 habits get to the point where they’re

 0:12:34.400,0:12:40.130

 almost second nature right they need to

 0:12:37.670,0:12:42.140

 be second nature as Gigot getting up

 0:12:40.130,0:12:46.040

 going into the bathroom and brushing

 0:12:42.140,0:12:47.660

 your teeth yeah right you just do it you

 0:12:46.040,0:12:49.850

 just do it because you do it you don’t

 0:12:47.660,0:12:51.410

 have to argue with yourself about it you

 0:12:49.850,0:12:53.690

 don’t have to have a conversation with

 0:12:51.410,0:12:55.430

 yourself about it you get up you go your

 0:12:53.690,0:12:58.010

 brush your teeth I wanted to be that

 0:12:55.430,0:13:00.490

 easy yeah because what do we do when

 0:12:58.010,0:13:03.970

 we’re stressed out we go to our natural

 0:13:00.490,0:13:06.710

 eggs Sacketts and if we have bad habits

 0:13:03.970,0:13:09.050

 it’s like I mean that’s why the whole

 0:13:06.710,0:13:17.900

 like you know retail therapy like which

 0:13:09.050,0:13:19.640

 is the worst and that’s why it’s also

 0:13:17.900,0:13:21.680

 important to understand there’s old

 0:13:19.640,0:13:24.440

 money stories because when you start

 0:13:21.680,0:13:27.030

 skipping into that old money groove that

 0:13:24.440,0:13:29.190

 often is related to the old money

 0:13:27.030,0:13:32.970

 story that you have somewhere in there

 0:13:29.190,0:13:34.830

 shopping will make me feel better that

 0:13:32.970,0:13:36.600

 sort of thing that might be an old story

 0:13:34.830,0:13:38.310

 or might be different than that but that

 0:13:36.600,0:13:40.680

 might be a kind of story that is

 0:13:38.310,0:13:42.210

 triggering that and so when you realize

 0:13:40.680,0:13:44.880

 that you’re skipping into that old

 0:13:42.210,0:13:47.520

 groove you can look back and say oh wow

 0:13:44.880,0:13:49.440

 there’s that old story again what did I

 0:13:47.520,0:13:51.990

 replace that with what’s the new story

 0:13:49.440,0:13:53.970

 that I wrote for myself and you can

 0:13:51.990,0:13:55.920

 consciously replace it again and every

 0:13:53.970,0:13:58.200

 time you do that it’ll be faster you’ll

 0:13:55.920,0:14:00.440

 recognize it faster you’ll remember the

 0:13:58.200,0:14:03.720

 new story faster it’ll be more effective

 0:14:00.440,0:14:05.580

 faster you know so that’s that’s the

 0:14:03.720,0:14:07.680

 three things that I think are so so

 0:14:05.580,0:14:10.200

 important for everyone to be able to do

 0:14:07.680,0:14:12.420

 oh absolutely and like you said this

 0:14:10.200,0:14:15.600

 applies to anyone and everyone which is

 0:14:12.420,0:14:18.060

 is you know we all we all need to kind

 0:14:15.600,0:14:21.420

 of go through those three steps for sure

 0:14:18.060,0:14:24.120

 and you know it’s just a starting point

 0:14:21.420,0:14:27.510

 I’m assuming but it’s one you can kind

 0:14:24.120,0:14:29.580

 of start streamlining that then you

 0:14:27.510,0:14:31.560

 really start to set a new pattern which

 0:14:29.580,0:14:34.650

 I think you know we all right I’ll have

 0:14:31.560,0:14:37.500

 that um how do you think will loop back

 0:14:34.650,0:14:41.030

 to how is this applicable then in

 0:14:37.500,0:14:45.690

 business yeah that’s a great question so

 0:14:41.030,0:14:47.760

 for example things like budgets are

 0:14:45.690,0:14:49.710

 already hard because every month is

 0:14:47.760,0:14:51.450

 different with your expenses right and

 0:14:49.710,0:14:53.880

 that’s for everyone even if you have a

 0:14:51.450,0:14:55.620

 regular paycheck your expenses will be

 0:14:53.880,0:14:57.660

 different month to month no one has this

 0:14:55.620,0:15:00.330

 thing called a normal month right you

 0:14:57.660,0:15:03.240

 know where it happens exactly how

 0:15:00.330,0:15:07.710

 they’re supposed to write for small

 0:15:03.240,0:15:11.490

 business owners they have we actually we

 0:15:07.710,0:15:13.770

 have a really even more complicated

 0:15:11.490,0:15:15.750

 situation because not only do we know

 0:15:13.770,0:15:17.970

 not know exactly what our expenses are

 0:15:15.750,0:15:20.580

 gonna be but we don’t know exactly what

 0:15:17.970,0:15:22.290

 our income is going to be either in a

 0:15:20.580,0:15:28.370

 lot of cases so that’s what I call

 0:15:22.290,0:15:32.340

 variable income and variable income is

 0:15:28.370,0:15:35.280

 it just makes it even harder to predict

 0:15:32.340,0:15:39.060

 and to make good choices and to always

 0:15:35.280,0:15:40.790

 know for example if you have a highly

 0:15:39.060,0:15:42.980

 variable income let’s say a real estate

 0:15:40.790,0:15:45.590

 that’s very seasonal right you might

 0:15:42.980,0:15:46.970

 have three really amazing months and the

 0:15:45.590,0:15:49.550

 rest of the months you might have no

 0:15:46.970,0:15:53.240

 sales at all or just you know very low

 0:15:49.550,0:15:56.470

 sales so in those three months you need

 0:15:53.240,0:15:58.880

 to have a plan to sock away money so

 0:15:56.470,0:16:01.970

 that you will be able to use that

 0:15:58.880,0:16:04.760

 savings for the rest of the year yeah

 0:16:01.970,0:16:07.210

 right so I like to talk about turning

 0:16:04.760,0:16:10.550

 your variable income into stable income

 0:16:07.210,0:16:14.180

 right and it’s easy to talk about it’s

 0:16:10.550,0:16:15.950

 hard to do it’s hard for everyone like

 0:16:14.180,0:16:17.300

 oh well you just figure out what your

 0:16:15.950,0:16:19.670

 average is you figure out what your

 0:16:17.300,0:16:21.500

 expenses are gonna be and well that’s

 0:16:19.670,0:16:23.330

 how much you need to make well no no

 0:16:21.500,0:16:26.240

 that’s that’s silly it’s much harder

 0:16:23.330,0:16:31.910

 than that but basically I mean the first

 0:16:26.240,0:16:33.530

 step is to start creating a buffer so

 0:16:31.910,0:16:35.840

 start creating and this can be in a

 0:16:33.530,0:16:37.970

 savings account this can be you know it

 0:16:35.840,0:16:39.680

 can be done a lot of different ways but

 0:16:37.970,0:16:42.860

 what you start doing is you start every

 0:16:39.680,0:16:45.530

 month that you have a high income you’re

 0:16:42.860,0:16:47.810

 gonna stuff money into the buffer hmm

 0:16:45.530,0:16:49.190

 you have low income you’re gonna pull

 0:16:47.810,0:16:51.650

 from the buffer so what you’re trying to

 0:16:49.190,0:16:56.030

 choose you’re trying to stabilize that

 0:16:51.650,0:16:57.740

 variable income right yeah so that’s and

 0:16:56.030,0:16:59.720

 then when you do that then you’re gonna

 0:16:57.740,0:17:02.300

 apply all three of those other you know

 0:16:59.720,0:17:04.370

 pillars at the same time right so it’s

 0:17:02.300,0:17:07.790

 basically me saying it’s even harder for

 0:17:04.370,0:17:10.370

 small business owners right really

 0:17:07.790,0:17:13.520

 really tough you yeah cuz even if you

 0:17:10.370,0:17:15.980

 have I know for myself I have some

 0:17:13.520,0:17:19.310

 clients that are monthly so I can kind

 0:17:15.980,0:17:22.790

 of predict okay I’m gonna make X amount

 0:17:19.310,0:17:26.140

 per month right I don’t know where like

 0:17:22.790,0:17:30.500

 the ebb and flow of projects and when

 0:17:26.140,0:17:33.380

 payments come so even that because then

 0:17:30.500,0:17:36.980

 you have that one clients like oh I need

 0:17:33.380,0:17:39.200

 to pause on this for a month or two and

 0:17:36.980,0:17:42.230

 you know because they have the same

 0:17:39.200,0:17:45.560

 urban flow especially a

 0:17:42.230,0:17:48.140

 business-to-business type small

 0:17:45.560,0:17:54.559

 businesses like you’re it’s like a

 0:17:48.140,0:17:57.860

 powder keg to some degree so why are we

 0:17:54.559,0:17:59.090

 airship people start like out of the

 0:17:57.860,0:18:00.080

 gate what do you think would be the

 0:17:59.090,0:18:03.230

 first step

 0:18:00.080,0:18:06.080

 like after listening to this yeah you go

 0:18:03.230,0:18:08.570

 okay I can put this down I can set aside

 0:18:06.080,0:18:13.190

 an hour to try and think about this or

 0:18:08.570,0:18:15.649

 an hour to think and do this I like to

 0:18:13.190,0:18:18.080

 suggest two things actually and the

 0:18:15.649,0:18:22.159

 first one is creating what I call an

 0:18:18.080,0:18:23.659

 emotions and spending journal okay what

 0:18:22.159,0:18:26.120

 this is is this is really simple just

 0:18:23.659,0:18:28.909

 take a sheet of paper or a notebook or

 0:18:26.120,0:18:34.220

 whatever you like and create a little

 0:18:28.909,0:18:37.610

 grid or a little table and put down at

 0:18:34.220,0:18:41.029

 the top you’ll have where you spent the

 0:18:37.610,0:18:43.990

 money what you spent the money on how

 0:18:41.029,0:18:47.269

 much it was and how did it make you feel

 0:18:43.990,0:18:50.299

 hmm now you don’t have to do this for

 0:18:47.269,0:18:52.129

 every expense if you go to Target and

 0:18:50.299,0:18:53.869

 you buy you know some little thing that

 0:18:52.129,0:18:55.879

 you just needed and you don’t have any

 0:18:53.869,0:18:58.070

 emotions about it it was just I don’t

 0:18:55.879,0:18:59.389

 know you you you you bought a little bit

 0:18:58.070,0:19:00.710

 of groceries or something like that and

 0:18:59.389,0:19:02.570

 it didn’t have any emotional impact

 0:19:00.710,0:19:04.429

 don’t worry about putting that down in

 0:19:02.570,0:19:07.159

 your journal but if you have something

 0:19:04.429,0:19:11.360

 where your you go and you buy maybe you

 0:19:07.159,0:19:13.850

 buy some clothing or whatever it is if

 0:19:11.360,0:19:14.409

 you have some emotional feelings about

 0:19:13.850,0:19:17.869

 it

 0:19:14.409,0:19:19.639

 write it down because that’s how you’re

 0:19:17.869,0:19:21.409

 gonna start digging into those money

 0:19:19.639,0:19:23.990

 stories how you’re gonna start

 0:19:21.409,0:19:26.749

 identifying the patterns saying oh wow

 0:19:23.990,0:19:30.649

 you know what I bought this shirt and I

 0:19:26.749,0:19:33.019

 did it because someone was someone said

 0:19:30.649,0:19:36.139

 something that made me feel bad about

 0:19:33.019,0:19:37.789

 myself at work and so again you’re

 0:19:36.139,0:19:39.740

 talking about retail therapy right or

 0:19:37.789,0:19:41.840

 something like that you know you start

 0:19:39.740,0:19:44.149

 writing it down and you start realizing

 0:19:41.840,0:19:46.490

 that there’s some patterns to the things

 0:19:44.149,0:19:48.559

 that really bring strong emotions now

 0:19:46.490,0:19:49.940

 it’s not just the negative emotions that

 0:19:48.559,0:19:51.369

 I want people to write down it’s the

 0:19:49.940,0:19:54.139

 positive ones

 0:19:51.369,0:19:55.789

 sometimes sometimes we buy something and

 0:19:54.139,0:19:58.249

 we feel really good about it

 0:19:55.789,0:20:01.460

 for example maybe if you buy something

 0:19:58.249,0:20:02.960

 even putting it off for months that you

 0:20:01.460,0:20:05.600

 have to repair this thing in your house

 0:20:02.960,0:20:07.279

 and you finally buy that parts to make

 0:20:05.600,0:20:08.060

 it happen and you feel really good

 0:20:07.279,0:20:11.410

 because you feel

 0:20:08.060,0:20:14.480

 the adult and really accomplished write

 0:20:11.410,0:20:15.950

 it down right write it down and say wow

 0:20:14.480,0:20:17.420

 this made me feel good because I felt

 0:20:15.950,0:20:19.430

 like I was taking care of myself and

 0:20:17.420,0:20:22.190

 taking care of my family or whatever it

 0:20:19.430,0:20:24.140

 was right so that’s the first thing I

 0:20:22.190,0:20:25.880

 want people to try you know it really

 0:20:24.140,0:20:31.550

 can start you can start digging into

 0:20:25.880,0:20:34.760

 those money stories the second thing is

 0:20:31.550,0:20:38.240

 for the business owners is to really

 0:20:34.760,0:20:40.180

 start looking at the true urban flow of

 0:20:38.240,0:20:42.800

 their business hmm

 0:20:40.180,0:20:45.410

 figure out what those highs are figure

 0:20:42.800,0:20:47.660

 out what the lows are figure out what

 0:20:45.410,0:20:50.210

 your expenses are ish again you can

 0:20:47.660,0:20:53.510

 never really know and realize that okay

 0:20:50.210,0:20:56.210

 yeah I need to save this must much money

 0:20:53.510,0:20:59.750

 so that in my low months I don’t have to

 0:20:56.210,0:21:03.470

 dip into debt right that’s gonna be your

 0:20:59.750,0:21:05.960

 target for that buffer right so those

 0:21:03.470,0:21:08.720

 are two suggestions for you and those

 0:21:05.960,0:21:11.480

 are great and that’s that’s something I

 0:21:08.720,0:21:14.150

 think people can immediately think about

 0:21:11.480,0:21:15.830

 and start you know no one wants to think

 0:21:14.150,0:21:20.630

 about the relationship with money but

 0:21:15.830,0:21:22.850

 but at the same time the reason I had

 0:21:20.630,0:21:26.860

 you bond and kind of timed it for this

 0:21:22.850,0:21:29.060

 time of year is that it’s ideal like

 0:21:26.860,0:21:31.130

 everyone’s talking about their tax

 0:21:29.060,0:21:33.530

 refund and they get all excited where

 0:21:31.130,0:21:37.900

 they get oh gosh I’ve got a taxes you

 0:21:33.530,0:21:40.880

 know it’s very emotional time okay and

 0:21:37.900,0:21:46.010

 by having a couple solutions at least

 0:21:40.880,0:21:49.100

 gain some control there’s hope there’s

 0:21:46.010,0:21:50.660

 hope there’s so much hope there is so

 0:21:49.100,0:21:53.870

 much oh yeah you’re absolutely right

 0:21:50.660,0:21:55.670

 what’s really interesting is that this

 0:21:53.870,0:21:58.370

 year this tax season has been

 0:21:55.670,0:22:00.560

 particularly odd because for a lot of

 0:21:58.370,0:22:03.110

 people they’re not getting the refunds

 0:22:00.560,0:22:05.990

 that they usually expect yeah there’s

 0:22:03.110,0:22:08.390

 been some people’s in the tax laws and

 0:22:05.990,0:22:11.960

 so there are a lot of people most people

 0:22:08.390,0:22:12.650

 are getting less refunds than they

 0:22:11.960,0:22:14.990

 expect

 0:22:12.650,0:22:16.850

 yeah and that can be bring up a lot of

 0:22:14.990,0:22:18.860

 emotions as well because you thought you

 0:22:16.850,0:22:21.410

 were going to be able to do X Y & Z and

 0:22:18.860,0:22:25.070

 maybe now you can only do X Y maybe

 0:22:21.410,0:22:26.990

 X you know and yeah this year in

 0:22:25.070,0:22:28.580

 particular I think is really moving a

 0:22:26.990,0:22:31.490

 lot of people to think about how they

 0:22:28.580,0:22:33.740

 deal with their money oh absolutely yeah

 0:22:31.490,0:22:35.540

 and and not being able to write off you

 0:22:33.740,0:22:38.360

 know what they were used to writing off

 0:22:35.540,0:22:43.640

 or all of those things I know people

 0:22:38.360,0:22:48.200

 have been really cranky because they’re

 0:22:43.640,0:22:50.360

 like wait a second yeah exactly and as

 0:22:48.200,0:22:52.460

 business owners you know I find that

 0:22:50.360,0:22:54.230

 it’s specially small smaller business

 0:22:52.460,0:22:56.650

 owners that are just getting off the

 0:22:54.230,0:23:00.500

 ground or whatnot it’s rough because

 0:22:56.650,0:23:02.240

 typically you don’t make money typically

 0:23:00.500,0:23:05.120

 you’re owing something unless you’ve

 0:23:02.240,0:23:07.130

 paid out that buffer you know quarterly

 0:23:05.120,0:23:09.890

 or something and so that’s something

 0:23:07.130,0:23:12.320

 that I know has always been a stressor

 0:23:09.890,0:23:14.210

 for me is making sure I have that

 0:23:12.320,0:23:17.030

 account and I stuff all that money away

 0:23:14.210,0:23:22.670

 and I just get really paranoid about and

 0:23:17.030,0:23:25.160

 so I write the check right and yet

 0:23:22.670,0:23:27.200

 that’s that’s a hugely important habit

 0:23:25.160,0:23:29.740

 for people to get into you know if you

 0:23:27.200,0:23:32.540

 even if people don’t do the buffer

 0:23:29.740,0:23:34.460

 finding a way of every time you get a

 0:23:32.540,0:23:36.380

 check-in every time you get a check from

 0:23:34.460,0:23:38.270

 a client or get money in from a client

 0:23:36.380,0:23:41.630

 or whatever it is however you make money

 0:23:38.270,0:23:44.300

 as a small business owner take some of

 0:23:41.630,0:23:46.070

 it out even if it’s not the total amount

 0:23:44.300,0:23:48.950

 that you think you might need get

 0:23:46.070,0:23:51.740

 started with that habit of saving for

 0:23:48.950,0:23:54.200

 your taxes because you’ll be able to

 0:23:51.740,0:24:00.290

 increase it over time oh absolutely

 0:23:54.200,0:24:03.380

 so okay well um in the description of

 0:24:00.290,0:24:06.740

 this video we will have a link to

 0:24:03.380,0:24:08.480

 connect with you and we talked about you

 0:24:06.740,0:24:10.730

 know some stuff you have to offer as

 0:24:08.480,0:24:12.650

 well so how can people connect with you

 0:24:10.730,0:24:16.490

 if this is something they’re interested

 0:24:12.650,0:24:17.930

 in maybe having that conversation so

 0:24:16.490,0:24:20.680

 they can maybe get a little bit more on

 0:24:17.930,0:24:24.400

 track with their relationship with money

 0:24:20.680,0:24:27.110

 absolutely yeah I’m offering a one hour

 0:24:24.400,0:24:29.180

 complimentary money empowerment session

 0:24:27.110,0:24:31.010

 so all of the things we’ve talked about

 0:24:29.180,0:24:33.600

 here you can actually get kind of a

 0:24:31.010,0:24:36.660

 first look and it’s very personalized

 0:24:33.600,0:24:40.679

 look at will dig into your old money

 0:24:36.660,0:24:42.960

 stories and understand your goals and

 0:24:40.679,0:24:45.030

 really try and figure out how to tie the

 0:24:42.960,0:24:47.370

 current money stories to what your goals

 0:24:45.030,0:24:49.049

 are and get you some first step so

 0:24:47.370,0:24:52.049

 you’ll you’ll come out of every one of

 0:24:49.049,0:24:54.210

 those you’ll come out of that one-hour

 0:24:52.049,0:24:56.760

 session with at least two or three

 0:24:54.210,0:24:59.460

 recommendations for those first steps

 0:24:56.760,0:25:01.650

 how can you really start healing your

 0:24:59.460,0:25:03.419

 relationship with money you can also go

 0:25:01.650,0:25:08.280

 on my website and sign up for my

 0:25:03.419,0:25:10.830

 newsletter I type I have kind of every

 0:25:08.280,0:25:13.799

 two weeks I have a newsletter that goes

 0:25:10.830,0:25:16.200

 out that has tips about money or has my

 0:25:13.799,0:25:18.600

 thoughts on the current money situation

 0:25:16.200,0:25:20.370

 so yeah those are great

 0:25:18.600,0:25:21.960

 those are great and I’m on your

 0:25:20.370,0:25:27.270

 newsletter and I love seeing that

 0:25:21.960,0:25:29.760

 because a you you provide a lot of value

 0:25:27.270,0:25:32.429

 and it’s no but if it’s in bite sizes

 0:25:29.760,0:25:35.490

 which is what I think most people eat it

 0:25:32.429,0:25:41.490

 up now little bites they can go okay I

 0:25:35.490,0:25:45.059

 can do that oh well thank you so much

 0:25:41.490,0:25:49.350

 for coming on today and sharing your

 0:25:45.059,0:25:52.400

 knowledge with us and yeah for those of

 0:25:49.350,0:25:55.470

 you watching um check out Cecilia’s

 0:25:52.400,0:25:59.549

 website sign up for her newsletter and

 0:25:55.470,0:26:02.909

 take advantage of that offer that is a

 0:25:59.549,0:26:06.179

 very generous offer and I think that if

 0:26:02.909,0:26:07.650

 you’re on the fence of and you’re not

 0:26:06.179,0:26:09.720

 and you know you need to be doing

 0:26:07.650,0:26:12.419

 something different you should take the

 0:26:09.720,0:26:17.039

 stuff to do it and and just as I always

 0:26:12.419,0:26:21.720

 say rip the band-aid off and we start

 0:26:17.039,0:26:23.580

 making some changes so yeah well good

 0:26:21.720,0:26:25.760

 bye to everyone and we will see you next

 0:26:23.580,0:26:25.760

 time

 0:26:26.010,0:26:37.630

 [Music]

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