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I believe that with hard work, and the right mindset, absolutely anything is possible. We can ALL achieve health, happiness, and abundance– let me (and my amazing guests) show you the way!

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How To Make Friends with Money + More Financial Tips for 20-Somethings with Brittney Castro

September 11, 2018
Ep 015 Blog Post
Love it, hate it, avoid it, crave it... we all have strong feelings about the same thing: MONEY! Today's guest is Brittney Castro of Financially Wise, Inc and we’re talking ALL THINGS MONEY.

Before you click out and start a different podcast– let me explain. I know that money can be a touchy subject, but in today’s episode, we’re going to help you drastically IMPROVE not just your financial game-plan, but how you think about money all together! Money mindset is absolutely HUGE when it comes to creating a life of abundance, so we’ll share the top 3 ways that you can improve your money mindset right away. Plus, we’re taking the fear and avoidance OUT of your relationship with money and discussing the best ways to approach saving, spending, and investing your money in your 20s and 30s! All of this, and more from today’s guest, Brittney Castro, who is the founder and CEO of Financially Wise Inc., a Los Angeles-based financial planning firm whose mission is to teach individuals and couples the art of managing their money the fun and simple way. ​ Brittney is a Certified Financial Planner™, Chartered Retirement Planning Counselor, Accredited Asset Management Specialist, entrepreneur, and speaker. ​ After years of working in the corporate world of financial planning, Brittney realized she wanted to work with clients the same way she talks about money with her friends–in a fun, personal, compassionate, relatable and nonjudgmental way. That is why she created Financially Wise, Inc. in 2013 as a financial planning firm with services ranging from fee-only financial planning, online money courses, financial wellness workshops, speaking engagements and brand partnerships. ​ Brittney has become a well-known financial expert and a go-to resource for national media outlets. She’s been featured on CNN, CNBC, The Wall Street Journal, The New York Times, CBS, KTLA, Good Day LA, Fox 11 News, Glamour, Elle, Marie Claire, Entrepreneur, Woman’s World, and many more. She’s also a coveted speaker and host, and she loves spreading her wisdom about finance, entrepreneurship and smart investing to more individuals. ​ So YEAH she’s a total money badass and I cannot wait for you to soak up all of her insights and advice in this episode! I know that you’ll walk away feeling empowered and educated about your finances and I PROMISE, it won’t hurt one bit

SHOW NOTES:

How Brittney rose through the ranks and forged her own path as a finance professional (6:45)

On reverse engineering your life: “I remember, I was at an airport, I was coming home from a trip and my flight got delayed… and I literally wrote out in full detail, pages upon pages,  my ideal life. Everything I wanted for myself: where I would live, the type of friends I would have, even the gym and working out… the type of work, my office, the people I would hire, what I would offer… the type of life that I would live” (13:00)

“Don’t focus on how– obviously you’ve gotta do work– but dream and don’t be attached to how and when it’s going to come” (15:00)

All about money mindset and practicing a mindset / lifestyle of abundance (18:00)

“I meditate every morning. Meditation helps me stay present to SEE the abundance around me”

“We operate in a scarcity mentality, and that’s not real”

“I see money as a flow– like the ocean– it comes in, and goes out. So when you focus on the abundance and the flow, you’ll constantly have money and never worry about it. But when you start to block it… you block the natural flow of nature” (21:00)

Brittney’s top 3 ways to improve your money mindset ASAP: (22:00)

  1. Write out all of the things that you’re grateful for, that money either brought you or helps you maintain
  2. Give to someone today, whether it’s buying someone a cup of coffee or giving a gift
  3. Write a letter to your money and tell it why you’re grateful for it

How to balance budgeting with enjoying life and going with the flow (25:00)

“I think we live in a time where we have the opportunity to choose differently. Our parents and grandparents didn’t have that freedom flexibility, but we do– we have the opportunity to enjoy life and enjoy our money– we aren’t usually facing survival struggles”

Things we can all do for our financial health right now (29:00)

  • Follow the 50/20/30 rule
  • Be honest and create plans around debt
  • Don’t be afraid to learn more and face your current reality

Where to find Brittney’s “money class” that we ALL need: financiallywiseinc.com

“I advise people: get your budget first, get your cash cushion built first, work on your debt, and if you find you still have room to put away for the long term, THEN let’s talk about investing” (35:00)

When you’re ready to invest:

  • Start researching your options
  • Diversify your money
  • Set it up for the long haul by investing for goals 10+ years and beyond
  • When in doubt, hire a financial planner

Why people struggle to face their financial fears and how to overcome them (37:00)

Get freebies: http://financiallywisein.com → financial delights

Follow Brittney on Instagram: http://instagram.com/brittneycastro

Rapid fire questions (38:30)

The #GrindAndBeGrateful question

Photo credit: Kofa Boya

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