(#8) Money: 7 Money Mistakes I Don't Want You To Make (Guest: Lisa Dudson)

In this episode, Your Host Iyia and Lisa Dudson, an experienced
Financial Advisor, have a conversation about managing money.





Takeaways


Conscious and mindful spending is crucial for effective money
management.

Credit cards can be dangerous if not used responsibly, and
debit cards are a better alternative.

Buy now, pay later schemes can lead to debt and should be
approached with caution.

Having a budget or spending plan is essential for gaining
control over finances and achieving financial freedom.

Small financial decisions can have a significant impact over
time due to the power of compounding. Set short, medium, and
long-term financial goals to effectively plan and save for
different objectives.

Start saving early to take advantage of compounding interest
and allow your money to grow over time.

Evaluate expenses and cut back on unnecessary spending to
redirect money towards more meaningful goals.

Identify your values and prioritize your spending accordingly
to align your financial decisions with what you truly value.

Financial freedom provides more choices and opportunities in
life, so it's important to save and plan for the future.






Chapters


04:27 Using Credit Cards for the Wrong Reasons


09:48 Using Buy Now, Pay Later Schemes


14:57 Impulse Buying


22:27 The Compounding Effect


24:02 Not Setting Money Goals


26:37 Starting Early and Investing


29:14 Unused Subscriptions


31:01 Being Conscious of Spending


35:35 Putting Your Money to Work





To gain financial clarity, book a 1:1 with Lisa Dudson from
Acumen: https://acumen.co.nz/





Go to Make It Happen website:


https://www.makeithappen.org.nz/


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