get that a lot though we do get that a lot is that something you come across with coaching clients

yeah yeah i mean i suppose there's a whole we're talking quite in generalities aren't we whereas there is a whole range of people and everyone is an individual and you know has different upbringing different influences different um behaviors um but i think yeah we can certainly say with a lot of clients that we see that that there is different levels of comfort with talking about money and talking about finances and talking about wealth.

Yeah, we kind of, And we treat everyone as an individual, really, don't we? And talk about the situation in that way.

so what i mean you've spoken in a previous episode about having conversations with their partner what conversations should they be having with themselves

i think from their sales point of view i think it again we covered this probably in some of the very earlier episodes around the balancing kind of short-term and long-term spending goals and very much thinking about you know what do you how do you like living on a short-term basis you know how are you rewarding yourself you know how are you spending your money versus on a long-term level you know what where do you want to get to in life how do you want to live in the kind of future you know and how is your money kind of going to work to kind of enable you to do that.

So I think that's quite important from an individual point of view.

And then I think kind of in your wider relationships, it's quite important to, as far as possible, both of you in a partnership, be open and honest about your finances and, you know, have open and honest discussions about, you know, who's earning what, who's spending what, who's saving what, and make sure that you're both comfortable you know, the team really that you're happy with that.

had before with the early potential? Would you have gone back to doing what you did before?

No, I suppose, and that's the thing is, you know, depending on your household situation and your childcare situation and how you want to live.

I mean, I've wanted to work more flexibly now.

I want to be kind of around in the evenings when the kids are around.

I want to kind of chuck them about how their day has been, you know, and so...

in the luxury really of being able to work more flexibly to kind of have that and so I think that then comes back to if you again it's difficult having a crystal ball but you know trying to think when you're a bit younger you know if you can kind of build up to the kind of The job that you have that will enable you to work a bit more flexibly and then potentially the partnership, you know, the partner that you've got that will enable you to do that as well is all important depending on you.

I've been just thinking about

the post divorce, actually, because I've been speaking to a number of clients recently who, you know, sadly have been going through divorces, you know, and often they have got quite tricky and difficult.

I'd probably still buy the

coffee.

There's a great calculator on Martin Lewis's Money Saving Experts webpage, the Money Multiplier, I think it's called, where you can do exactly that.

You can split in your £3 cup of coffee every day or five days a week, every weekday, and you can see exactly what it's costing you over a year or over three years or over five years.

I think you did that with me, do you remember? Yeah, which is a really good way of thinking about you might really enjoy that coffee.

Is it worth how much it costs in a year? Rebecca breaking it down to flights to Australia.

Do you remember? He was

We speak

Wow.

So 25 years ago to today.

And again, I, I think I quoted in the first episode a JP Morgan, um, questionnaire.

They, they, they also asked people about house prices and how many of you think that house prices will go up the same in the next 25 years as they did in the last 25 years.

60% of, I think it was women respondents, said they thought the house prices would at least match-

And then you, you, people-

And I think there's a balance.

So I think, I think the main thing is not to, you know, if you can as, as, as women more generally, you know, not to have all of your household wealth in the property market is the better place to be, because the chances of growth over the next 20 years in property really, you know, isn't, ar- aren't as likely as, as, as-

Mm

... much like gambling, and, um, not part of it.

And that's where I think, again, talking very generally, most men don't feel that way.

You know, most men kind of, you know, see that the, in, you know, stock, stocks and shares can be more of a, a risk to take, but they I think see the-

Um, just finishing up, ladies, um, if someone wants to stop looking at the fine paper and start to genuinely build we- wealth, what do they need to change? What one habit do they need to do right now?

Yeah.

I think it, it is, um, looking at if you do, if you can manage to, you know, look at your spending and then you do work out that you do have the money that you can kind of put away and kind of forget about, start small.

Open up a stocks and shares ISA, put it in an index fund.

Hello.

And I'm Carol Wright.

I'm an independent financial advisor with Evolution and a money coach.

So I worked for many years in the city of London.

I trained as an accountant with PricewaterhouseCoopers and then I worked in the city for Merrill Lynch and Bank of America for many years.

In that role, I spent a lot of time working with traders, structuring financial products, which was really interesting and quite an exciting place to be.

However, I've kind of always had a bit of a desire to help people a bit more.

Go on, Carol, this is kind of your area of expertise, really, isn't it?

It saved your life.

Oh, I think so.

Yeah.

It just ...

I don't know.

You know, so you ha- your lifetime partner, uh, dies, it leaves you totally empty.And I could go out and run and just, and, and be by myself and have my own thoughts about him and of what my life is now gonna be without him.

And I run races, and I still feel like he's with me saying, "Keep going, Carol.

What would you say, what would you say to, to us?