Who is Victoria? I started my career working in Organisational - PowerPoint PPT Presentation

Who is Victoria? I started my career working in Organisational Psychology as a Culture and Engagement Consultant – and quickly realised that whilst I loved what I did, I wasn’t having the impact I desired. In 2015 I started Zella Wealth with the intention of bringing approachable, implementable and long term wealth strategies to Generation Y. I then went on to start She’s on the Money which launched officially as a business in 2018. In my spare time, I love mentoring and am currently working with three different organisations to do this. Fitted for Work, the RMIT Alumni Mentoring Program, and MyRoad with eBeacon. I also work very closely with the Epworth Foundation to raise much needed funds for the Epworth Hospital. Ac Academi mic credentials: Bachelor of Psychological Science, Post Graduate Diploma of Psychology, Organisational Psychology. Masters of Business Administration . Diploma of Financial Planning, (RG146), Advanced Diploma of Financial Planning. 02. It’s your journey.

GENERAL ADVICE DISCLAIMER Before we begin let’s quickly wrap the boring but important stuff: The advice shared by She’s on The Money is general in nature and does not consider your individual circumstances. She’s on The Money exists purely for educational purposes only and should not be relied upon to make an investment or financial decision. And of course, as always WE PROMISE: Victoria Devine is an Authorised Representative of Australia Pacific Funds Management ABN 34 132 463 257 | AFSL 339151. Should you wish to seek professional advice from a financial adviser (or mortgage broker!) have a chat to the team at She’s on the Money (we hear they’re pretty good!).

CONNECT WITH Your own Money Story Your money story is foundational to how you think about money, how you react to money and how you communicate about money. Money Stories are made up of a combination of your beliefs and values about money. You cant change your story, but you can reinvent it. WHAT IS THE FIRST THING THAT CAME TO MIND WHEN THE TOPIC OF MONEY STORIES CAME UP?

VALUES AND BELIEFS They’re not the same Be Beliefs are assumptions we we personally ho hold ld to to be tr true. . Mo Money va values es are e not bel eliefs, efs, they ey are e the e things s we e per erso sonally y place e a hig high h im importa tanc nce on. n.

WHAT IS A BUDGET? It’s not a burden Yo You u need d clari rity on when, , where re and d how you u spe pend d your ur mon money. Withou out this, we can an’t creat ate finan ancial al freedom. om.

Where are you starting from? Map out your money 1. 1. If If you don’t know what tools and resources you have to to get t somewhere, you won’t t know if f th the desti tinati tion is is ev even en pos possible. ible. (You ou can’t go o to o Antarc rctic ica in in a row row boa boat and d bik bikin ini, i, can you ou?! ?!) 2. 2. If If you don’t create a map, you might get lost or end up up needing to detour ur al along the way, ay, which might ma make you too tired to comp mplete the he trip.

Where are you starting? Earn, Spend, Own and Owe OWN EARN SPEND OWN OWE EARN SPEND OWE

Where are you starting? Earn, Spend, Own and Owe Sam is 24 and earns a package of $65,000 including superannuation and has a HELP debt of $24,000 still. Sam is single and lives in a share house. Sam has a car loan of $11,000 and does not own any assets yet. OWN EARN SPEND OWN OWE $0 $11,000 $45,000 $47,000 EARN SPEND SAM OWE

Where are you starting from? Map out your money OWN EARN SPEND OWN OWE 1 2 3 EARN SPEND 4 OWE

What is a budget? It doesn’t actually matter how you track it

CASH IS QUEEN Make cash flow a priority “T “The e importance e of f cash sh fl flow and why y yo your money ey isn sn’t working as as har ard for you as as you do for it.”

WHAT’S HOLDING YOU BACK PERCEPTION THAT LIFESTYLE CREEPING ITS NOT WHAT YOU CAN YOUR INCOME ISN’T EARN – ITS WHAT YOU ENOUGH CAN SAVE…

WHAT IS YOUR WHY? Your own Money Story TRAVEL THE GROW YOUR MORE FINANCIAL WORLD FAMILY TIME SECURITY

SETTING EFFECTIVE GOALS SMART methodology S pecific: Well defined, clear, and unambiguous O pti ptimisti tic : Optimistic but within reach, realistic, and relevant to your life purpose T imely: With a clearly defined timeline, including a starting date and a target date. The purpose is to create urgency. M easurable: With specific criteria that measure your progress towards the accomplishment of the goal

SAVE MORE AND SPEND LESS? Top cash flow tips GO BACK TO CASH / IMPLEMENT A SYSTEM PLAN FOR SUCCESS DEBIT BASED SYSTEM TO SAVE AND INVEST WITH A CASH FLOW AND PERFORMING AUTOMATICALLY BUDGET PLASTIC SURGERY ON YOUR CREDIT CARDS

CREDIT CARDS Helping or hindering? PROS CONS Flybuys points are worth $0.0005 per dollar Helps you spend more than you earn …..that’s it You have to pay it all back You’ll spend 12-18% more There’s no pain associated Promote unconscious spending Can impact your ability to create wealth YOU DO NOT NEED A CREDIT CARD TO BUILD YOUR CREDIT SCORE

RICH VERSUS POOR SPENDING Act your wage POOR SPENDING NOTHING LARGE INCOME LEFT OVER LIFESTYLE TO SAVE OR EXPENSES INVEST WEALTHY SPENDING INVESTMENTS LEFT OVER INCOME INCOME SAVINGS PROPERTY SPENT ON LIFESTYLE

AUTOMATE YOUR MONEY To make the most of it ALL INCOME CASH HUB (OR MORTGAGE) WEEKLY AUTOMATIC DEBITS SPENDING TO YOUR MONEY INVESTMENTS AND SAVINGS ACCOUNT BILLS AND DIRECT DEBITS PAID AUTOMATICALLY

AUTOMATE YOUR MONEY To make the most of it

AUTOMATE YOUR MONEY To make the most of it CASH HUB HOLIDAY SAVER ALL INCOME BANKED INTO UP BANK TRANSFER FUNDS EACH PAY TO COVER YOUR ANNUAL TRAVEL $1,400 PER FORTNIGHT WEEKLY SPENDING MONEY UP BANK CARD $40 PER FORTNIGHT NOMINATED AMOUNT DEPOSITED EMERGENCY SAVER THIS MONEY IS YOUR EMERGENCY VIA DIRECT DEBIT EVERY WEEK ON A SAVINGS. USED FOR UNEXPECTED DAY OF YOUR CHOICE. ALL BILLS AND FIXED COSTS ARE PAID COSTS VIA DIRECT DEBIT OR BPAY DIRECTLY SPENDING MONEY FOR: FROM YOUR CASH HUB ONCE YOU INCOME INCREASES, THS - GROCERIES ACCOUNT WILL BE USED FOR LONG - ENTERTAINMENT - PHONE TERM SAVINSG GOALS - TRANSPORT - UTILITIES - PERSONAL CARE - RENT $130 PER FORTNGIHT - GIFTS $320 PER WEEK FUTURE INVESTMENT SAVER $460 PER FORTNIGHT CONTRIBUTE AS MUCH AS POSSIBLE, AS CONSISTENTLY AS POSSIBLE. THIS FIGURE WILL GROW AS YOUR INCOME DOES $130 PER FORTNIGHT

YOUR ACTION PLAN Home work IDENTIFY YOUR VALUES AND SET GOALS BASED ON THESE COMPLETE A COMPREHENSIVE BUDGET AUTOMATE YOUR CASHFLOW AND SPENDING START TODAY

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We love hearing from you. We do! Whether you want to work with us on your financial goals, share something with us that we could improve on, or if it’s just to tell us you had a money win: every message helps us be better and do more. So shoot us an email to: HELLO@SHESONTHEMONEY.COM.AU