77: Finding Your Wealth, Spending guilt & AI with Laura Moore

Do you think though that that is like a stage that everybody just has to go through? Like when you don't have money saved or invested and then you're kind of, for me anyway, the way I can relate to myself, it's like you have to become obsessed to a degree to get the ball rolling, to like, oh, growth, growth, growth, learn everything you can about investing, put as much away as you can.

And then you almost get to a point where you're like, Not that you've achieved financial independence, but you have something there.

So you can almost take your foot off the pedal a little bit and then you can focus on things like more holistic approach.

Totally.

I think it's like that, like, I agree with that statement in the way, because that's what I did.

I got obsessed when I was like 19, learned the power of saving, learned my own habits.

Like I really went in until a moment of life asked me to take my foot off the pedal and, you know, reassess.

I think that it can be really helpful for that because it kind of like supercharges that energy.

And I do believe that as humans, we all kind of flow through different financial eras and all at different points.

You know, some people, so me, for example, I... left you know left school didn't go to university got straight into a job so I kind of came into this supercharged obsessed saving era really quickly I didn't have any debt I didn't have any student loans I was still living at home and I was able to just really like go ham on saving so that I guess that started my journey but some people actually start off in the other way right they start off supercharging their spending and getting into a lot of debt and and and you know maybe they're at uni or whatever but they something then makes them go I've had enough of this like I've got to take my foot off the spending pedal I need to figure out what other direction and it doesn't and the whole point is everybody's situation looks so different and not everyone has the privilege to to be able to always just supercharge and get obsessed with like saving and investing because there's so many factors involved it would be amazing that if you know you can do your best to put yourself in a position to help yourself like that but there are so many factors in life and I think As we all know, like obviously money can be a foundation for so many things, but it's just like, I guess it's just taking all of life's factors into account.

And I like, I talk a lot about this concept of being able to come back to yourself and being able to like figure out what you want, what you need, what your goals, what your values are.

learning how to get present with life so that when it comes to like spending and you know if you're ever in a position where you need to rely on your money you can trust that you're not going to go crazy like there's parameters there it's not like oh I'm in a spending era now I'm going to go mental it's oh I think I'm just being cool to like rain it you know slow it down a bit here and an opportunity has come up that's asked me to use my money or whatever and And it's less about the money and it's more about the way in which you make decisions about your life, about your money, what you want, what you need.

Because some people really don't need as much as others.

And I think that a lot of misery can come from like thinking that you do, you know, especially as we know, being on social media, there's like the fire movement and like all the different movements of all retiring early.

Like that's really not for some people, whereas for some people it absolutely is.

And it's like the key thing is being able to identify which one is If you turn around, like if I have a client turn around and say, I'm 30, I want to retire at 40.

I'd be like, right, let's go.

You know, you'd figure it out.

You're going to have to save this much, invest this much.

And for some people that genuinely lights them up, genuinely excites them.

But if you've got somebody else looking at that and thinking, oh, maybe, oh, should I be retiring at 40? Oh, maybe I need to.

And then they go down this route and it's not for them because they've not sat and listened to themselves versus this other person going, no. Yeah, I think I kind of would like a bit in savings and a bit in investments.

But actually, like, I really want to do X, Y and Z and use my younger years to invest in a business.

And maybe my finances will be a bit like this.

But further down the line, like the whole point is about figuring out what is right for you.