Hello,
If you’re someone who is conscious of how your money is impacting on the planet, there’s no better place to start that your bank! It’s a simple way to start reducing your carbon footprint. Check out Dan's website: MyMotherTree.com and complete the carbon footprint calculator. Don’t forget to look out for switching deals so you can make money helping the environment too!
For more show notes, go here: https://thefemalemoneydoctor.com/how-to-make-money-helping-the-environment-by-switching-your-account/
Nikki x
Hello!
It's time I let you know about a recent project I've been involved in.....
...I've helped write a book!! Woo hoo!
And it's all about one of my FAVOURITE SUBJECTS - Investing.
It's written for women, by women and is being released on International Women's Day by publishers Harriman House (who incidentally have also published next month's bookclub book - The Psychology of Money).
Why is this book both timely and essential?
>> A 2022 Bankrate study found women feel more financially stressed as 60% worry about emergency savings compared to 53% of men
>> According to finder.com, less than 30% of women in the UK invest
>> Despite fewer women investing, a 2018 three-year study of Barclays investors showed women outperform men by 1.8%.
Editor Amanda Taylor has brought together leading women from the world of investment and asks:
• What is the impact of rising living costs?
• Where to start with investing your money?
• How can your health affect your money?
• How can you make sure your money is being invested in alignment with your values?
• What psychological biases affect how well you invest?
I'm so excited about this... it's not my own book, but it's a stepping stone to my own book (which I'm aiming to publish in 2024 so watch this space). I'm so humbled to be a part of this and I'm looking forward to reading my own copy soon!
You can order an e-book or physical book here direct from the publisher Harriman House. At the time of release, Bookshop.org* was selling it slightly cheaper, so you might want to pick that one instead (*affiliate link).
In this episode, I talk with fellow author Julie Flynn abut the book, women and investing, and have a general catch up :) We haven't chatted since clubhouse!
Enjoy!
Nikki
Hello!
With the cost of literally everything going up right now, it would be helpful to have some tech in your corner to help you out right?
Well look no further than supermarket wizard! This is a handy app that compares the cost of your ENTIRE shop in multiple UK supermarkets at once. Sound good? Listen to founder Dr Eleanor talk about it, and if you want to watch the video-version, head over to my YouTube channel here.
Resources mentionedin the podcast:
Supermarket Wizard
Sprive*
Topcashback*
Speak soon!
Nikki x
*affiliate links
Hello!
Money mindset is vitally important at every stage of the process in building wealth no matter which stage you're at or how much you earn. There is always something to work on.
And this episode completes the series on the steps to wealth! I hope you enjoyed it... if you missed the other episodes, look for 125, 126, 127 and 128.
To find out where you are on the steps to wealth, take this 1-minute quiz to find out: thefemalemoneydoctor.com/scorecard
Speak soon!
Nikki x
P.S. To check out the podcast sponser, go here: thefemalemoneydoctor.com/podcast
Hello!
Pillar 3 is an important piece of your wealth building journey. Without it, the process will certainly be a much harder one! Investing gives your money rollarskates, helping to speed up the process of growing your nest eggs.
If you're not sure if investing is the right thing for you to be focusing on, take my 1-minute quiz that tells you where you are on the steps to wealth: thefemalemoneydoctor.com/steps
Enjoy!
Nikki x
P.S. To find out more about the sponsor of this episode, go here: thefemalemoneydoctor.com/podcast
Hello!
In the 5-part series of "the steps to wealth", I'm talking about protecting your money in this one.
If you want money management, go to episode 126, and if you want an overview of the whole thing, go to episode 125.
To find out where you're, click here to take the 1 minute quiz: thefemalemoneydoctor.com/steps
Speak soon!
Nikki x
Hello!
This week's episode is all about the first foundational pillar of the steps to wealth. If you don't know what these are, check out episode 125 where I do a full overview of all 4 of them.
Take this quiz to find out which pillar you should be focusing on: thefemalemoneydoctor.com/steps
Don't forget to tell me your result in the facebook group: Women Working Towards Money Freedom
Speak soon!
Dr Nikki x
P.S. To find out more about the prosperity plan academy, go here: thefemalemoneydoctor.com/podcast
Hello! Welcome to season 4 -wow!!
I can’t believe that this is the fourth year of the money medicine clinic podcast.
It literally feels like yesterday that I started this.
So I’m excited to start off season four with the steps to wealth. I hope you enjoy it! Let me know in my Facebook group; “women working towards money freedom” what you get if you choose to do the quiz.
To take the. quiz, go here: thefemalemoneydoctor.com/podcast
Until next time,
Dr Nikki x
Hello!
In this episode I'm talking with the fabulous Charlotte Jessop of the blog Looking After Your Pennies on how you can prepare your finances for pregnancy, a topic you chose as a community to learn more about.
Charlotte is the financial educator, coach, writer, vlogger and podcaster behind the Looking After your Pennies platform. To follow Charlotte, check out her blog here: https://lookingafteryourpennies.com/
Prior to training as a GP, I used to work in the field of Obstetrics and Gynaecology. It was common to see women plan every aspect of their pregnancies – right down to the vitamins they took and the delivery they wanted. Women generally attended every scan and every midwife appointment without fail. They prepped their bag for the time of going into labour and meticulously planned every detail. It wasn’t always possible to see them through in exactly the way they had planned, but I did my best alongside an excellent team of doctors and midwives.
To be honest, despite all the medical intervention and planning, I don’t know if preparing their finances for having babies was always at the forefront of this process. And with an estimated 50% of pregnancies thought to be unplanned, this is even more worrying.
Do you need to prepare financially for pregnancy?
For additional shownotes, go here: https://thefemalemoneydoctor.com/pregnancy-planning/
Until next time,
Nikki x
Hello!
In my work as a money coach, I’ve noticed a number of money management patterns among my clients. It’s incredible how similar we all are when it comes to our finances.
I’ve pulled out the top 10 money mistakes I see regularly with the aim of making you feel like you’re not alone in this.
So here goes...
If you want. to read the show notes, go here: https://thefemalemoneydoctor.com/im-a-money-coach-and-these-are-the-most-common-money-mistakes-i-see-people-make/
If you want to sign up for the webinar [pre-March 28th 2022], go here: https://thefemalemoneydoctor.com/spring-renewal-webinar/#tve-jump-17fbc685082
Enjoy!
Nikki
info@thefemalemoneydoctor.com
Hello!
Our hormones are fascinating! Have you ever stopped to consider how your hormones can affect your finances? My background is in women’s health, and I’d never really thought about the idea that my money was affected by my menstrual cycle. But the more I read about it, the more I realise that our hormones could play a big part in how we manage our money.
Read the shownotes here: https://thefemalemoneydoctor.com/how-do-your-hormones-impact-on-your-finances/
Until next time,
Nikki x
Hello!
One of my favourite authors writing about money is Robert Kiosaki. In fact, the first book I ever read was Rich Dad, Poor Dad. It really opened my eyes to what was possible in life when it came to money, and it sparked my interest in this topic.
A while later, I read another of his books, The Cash-Flow Quadrant and I realised that building wealth involved needing to transform what I was doing with my money long term and how I was making money too.
Many people think is that starting a business is what they need to do to make money. This is partially true, but it is the way that you do it which holds the biggest key to success (and less stress!).
I’m going to talk through what I have learnt from this book, and perhaps you’ll want to check it out and read it yourself too!
If you want the video version of this, check out my YouTube channel.
Nikki x
Hello!
Have you heard of love languages? The book by Gary Chapman goes into a theory that we express love in 5 different ways:
Now if your partner is an "acts of service" kind of person, and you're a "words of affirmation" kind of person, you may get into situations where your partner is doing all these great things for you to help around the house etc, but they don't land as "love" to you because you need to hear the words being said.
It's the same for money!
We all have blocks and blindspots about money, and often this comes from how we were brought up.
When getting into a relationship, you're combining the net sum of both couple's money issues, and when you don't communicate about it, that's where trouble can begin.
I hope this helps.
Nikki x
P.S. if you fancy taking the quiz, go here: https://thefemalemoneydoctor.com/sma-quiz/
If you need support with gambling worries, read this article: https://thefemalemoneydoctor.com/gambling-addiction/
Hello!
Examining your money mindset and beliefs is ESSENTIAL if you want to sort your money out. 80% of personal finance is about how you think about money, the other 20% is the nuts and bolts that you need to organise it.
Have you ever thought about your money mindset?
Feeling frustrated and like there is never "enough" money is a clue that there is some stuff going on.
I hope you find this episode helpful for examining your own blocks around money.
For the show notes go here: https://thefemalemoneydoctor.com/money-mindset-blocks/
Nikki x
Hello!
Robert Kiyosaki calls them "doodads". Vicki Robin calls them "Gazingus Pins". Otherwise known as an unconscious spending weakness.
We all have them.
Be it books, journals, notebooks, scarves, shoes, bags, jewellery, makeup, watches (like my mum), toys for your kids, there will be SOMETHING you can’t resist spending money on.
For me its shoes.
Oh, and journals. I never seem to be able to resist a journal.
Now, in my world, there is nothing wrong with spending money on things we want.
I am ABSOLTELY all about rewarding yourself for a job well done or a goal reached. We celebrate people's wins often in my community.
But what does cause problems is if this celebrating is done without thought or planning. In other words, when we allow our unconscious emotions to guide our spending.
Enjoy my ramble on the subject!
Dr Nikki x
Hello!
I'm back with a new season and a new episode for 2022!
Here's the topic for today's discussion. Can money buy you happiness? Well, it’s a hotly debated topic. The thing is, I think a lot of people confuse money and happiness with the well-known phrase, “money is the root of all evil”. Personally, I think you can have both money and happiness, and here’s why.
Enjoy!
Nikki x
P.S. If you want to read the show notes, go here: https://thefemalemoneydoctor.com/does-money-buy-happiness/
Hello!
It's time for another community question, and it's one I get asked a lot - "how much do I need in my emergency fund?".
An emergency fund is really important to help you out if you lost your job or had an unexpected major life event to deal with. But how much should you have, and where should you keep it? As with anything to do with personal finance – it depends. It’s very specific to who you are and your circumstances.
It was one of the first goals I ever set myself when I started out on my money journey, and I will never forget the excitement when I managed to save my first £1000!
To check out the shownotes, go here: https://thefemalemoneydoctor.com/how-much-should-i-have-in-an-emergency-fund/
Until next time,
Nikki x
Hello!
For most people, buying their first house will be the biggest investment that they ever make. However, the worst thing you can do is get on the property ladder before you are ready.
Many people think that they’re “throwing money away” if they don’t buy a home, but actually, it may be the more savvy approach not to.
Today, there is so much pressure to own your own property, yet it is more difficult than ever before to do so. With that being said, read on to discover the key signs that you are ready to purchase a property.
To read the show notes, go here: https://thefemalemoneydoctor.com/ready-to-buy-a-house/
Until next time,
Nikki x
Hello!
There are many forms of investing. Most people, when they think of investing, I’m sure will think of the “Wolf of Wallstreet”, or something similar; high aggression, testosterone-driven, swearing, sweaty, money-fueled madness.
But this is embellished reality – a story made all the more obscene to make a good film. Real investing is not like this. In fact, the kind of investing that is safe, secure and sustainable is decidedly unexciting. It involves due-dilligence, honest, emotionless appraisal, and playing the long-game. This is everything that the famous Warren Buffett stands for, and he is an excellent investing role-model for the rest of us. In fact, he also disliked the testosterone-fueled craziness that was going on in wall-street, and chose not to be part of it.
If you don’t know who this genius man is, he is the CEO of a major American share-holding company called Berkshire-Hathaway, and is known as the “Oracle of Omaha”. He is one of the richest men in America, building his wealth slowly over his lifetime. This is what he partially blames his amazing success on – his good genes and time spent actually investing.
If you want to catch the show notes, go here: https://thefemalemoneydoctor.com/warren-buffett/
If you want to join the October 3-day Investing Ignition event, go here: https://thefemalemoneydoctor.com/3-day-investing-ignition/
Speak soon,
Nikki