Episode 32: The Link Between Financial Health & Self-Care (with Jo Muirhead)

Do you find yourself struggling with your relationship with money? This can lead to shame-spending and financial frustration! Just like you would set time aside for personal self care, you should also focus on your financial self-care. Setting a date with yourself to pour a glass of wine and figure out a sustainable budget can make the world of a difference.
 
 Jo is all about connecting people to purpose through inspiration and innovation.  Author of The Entrepreneurial Clinician and creator of The Book Of Evidence  she is also the Founder and CEO of PurpleCo - a team of specialist allied health consultants dedicated to helping people who experience injury illness and trauma reclaim their lives through work. Jo graduated from the University of Sydney with a Bachelor of Health Science, Rehabilitation Counselling in 1994. Jo is passionate about the health benefits of work and truly believes that everyone has the right to meaningful and rewarding employment including health professionals who choose to work in private practice.  She is a much sought after international coach, mentor, consultant and speaker on  how private practice, when done effectively will be the change to health care that we are all seeking.

 Episode Highlights:

·        Evaluate your history and relationship with money

·        How did your relationship with money growing up effect your current financial habits? Do you find yourself falling into the same habits as your family/peers?

·        Financial self-care takes TIME

·        Start by tracking the money coming into your bank account for 21 days - take a look at your paycheck, refunds, interest payments, etc.

·        Calculate your budget based on your wants/needs - give yourself permission to spend on categories that you enjoy (examples: clothing, coffee, collectibles, etc.)

·        Figure out how much you would need to charge per session each week in order to meet the needs of your budget - you may need to increase your rate, add on some additional clients, or take a look at your scheduling

·         Find someone to do it with you - having someone by your side to help you along can take the fear out of doing it along

·        Money is a TOOL

·        Don't utilize it by paying for the most expensive and "name brand" items/services just for the flash - start with something simple and generic so you don't start out by breaking the bank

 Links & Resources:
Jo Muirhead
The Entrepreneurial Clinician by Jo Muirhead
The Richest Man in Babylon by George S. Clason
Essentialism: The Disciplined Pursuit of Less by Greg McKeown
GreenOak Accounting
Therapy For Your Money Podcast