Wednesday, April 20, 2016

Do You Have a Good Relationship with Money?

Welcome to The Finance Gym Action Plan for a Better Life with Money video series.

My name is Stacey Powell and if you’re ready to not just know better but do better with your money, then you’ve come to the right place.

And I'm really excited about today's video and the next few videos that are rolling out over the next two weeks. They're all about our relationship with money.

I'm an accountant, so I'm a huge believer that you can't just magically change your money mindset, and everything's magically going to be okay, like a lot of guru's say. You've got to do the work. You've got to roll up your sleeves; you've got to actually put money in a savings account. You actually have to pay down your debt. There's all this droll, boring, technical stuff you have to do. But, where I differ from a lot of accountants is that the money mindset piece, I think it's half the equation.

Part of what's wrong with money in this society is that we don't talk about it. I call it the big scary. Oh my gosh, do not make me talk about what's wrong with my money, about my debt. Admit to other people that I'm frustrated. Admit to other people that I've had points in my life that I couldn't put $5 of gas in my tank. We also don't like to brag about our money wins because that's just not done. So we end up not talking about money at all which is a huge mistake.

Back in 2008 when everything came crashing down, it was a horrible time. I know for some of you, it was a really horrible time. You might have lost your house. You might have had some family, friend that lost their house. Everybody knew somebody that was on the brink of losing their house or lost their house.

All of a sudden, keeping up with the Jones … We could see driving down our streets that a bunch of the Jones, there was nothing to keep up with because they were not on solid ground to begin with. They might have had a shiny new car. They might have gone to Europe on vacation. But the truth is, they were underwater in their house, and, unfortunately, lost it. It was a horrible time.

The silver lining? We started talking about real money issues, together. Together with friends, family our nation, the media. And I think there was a lot of benefit from that. It gets us out of our own head and working as a community together.

So my big point of today's video is, talk about your money with your kids, your family, your parents, your friends, your mentors. Get a financial coach. We've got great financial coaches at Join a money Mastermind group, which we have at

If you really want to impact change in your money find someone to talk to. Join a group. Get a coach. Make a difference with your money. And if you're really, really struggling, and you don't have any money, I have some free stuff to help you too.

Subscribe to these videos below. Come to Facebook we have a group called Team Do Better where we talk about money on a weekly basis, join there; it's free. You can sign up for our free newsletter at And whatever you do what I will leave you with is, find somebody to talk to about your money. Don't be scared. It won't kill you, it will help you. Have a great day.

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