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Welcome to the hair of the dog podcast.

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I'm your host,

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Nicole Begley and Heather Lahtinen is back again on the podcast

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today. And we're talking all about some more money mindset things

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specifically, how Heather is ever going to afford her chicken chapel.

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Stay tuned.

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Glad you're here.

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Welcome to the hair of the dog podcast.

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If you're a pet photographer,

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ready to make more money and start living a life by

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your design,

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you've come to the right place.

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And now your host,

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pet photographer,

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travel addict,

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chocolate martini connoisseur,

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Nicole Begley.

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Hey everybody.

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Welcome back to the hair of the dog podcast.

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I'm your host,

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Nicole Begley.

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And today,

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gosh, for many weeks in the row,

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you know,

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we went through a little Heather Lawton in desert,

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and now we are like Heather Lawton and flood loving we've

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come through through the desert,

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into the promised land.

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No Mirage.

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This is not a drill.

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Heather is back on the podcast for yet another podcast episode

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about our favorite thing to talk about.

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Gosh, money,

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mindset, managing money,

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all of that things because it's become such an important piece

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of success in our business and really our life.

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So welcome back,

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Heather, thank you for having me.

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Money is a very important topic.

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It's very necessary to run a business.

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Whether you're even if you're running a nonprofit,

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you know,

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nonprofits still need to make money to exist.

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So yeah.

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Yeah. That's the word of the zoo was always no money,

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no mission.

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I mean like need it.

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So I had a money situation come up recently.

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So not only do I need your help,

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but it actually involves you.

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Well, yeah,

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you don't even know this cause I've even told you,

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oh yeah,

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this is okay.

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Here's the little backstory Heather just Boxford me and was like,

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Hey, we need to record the money podcast.

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I'm like,

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okay, I'm going to ask you some stuff.

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I'm like,

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all right.

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So I honestly have no idea what's coming here.

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Yeah. I need some help,

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but I do want to say this before I embarrass myself

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yet again with these constant money issues.

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I do want to say I have been making progress until

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I want to share something that I think I did really

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well. I'm like proud of myself.

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And this also involves you.

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Both of these stories involve you.

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So a couple of weeks ago I was in North Carolina

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and with you and we were visiting and one day we

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rented a boat.

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Actually two days we rented a boat to go out on

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lake Norman,

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which is beautiful.

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And the last time we had done that,

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I distinctly remember being on the boat and think,

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and you were showing me the houses and we were talking

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about the pricing of some of these are much more now,

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but yeah,

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many, many,

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many million,

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some in the tens of millions of dollars.

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And I distinctly remember,

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I believe in decent attitude.

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Like I wasn't,

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I wasn't upset about this,

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but I was like,

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I can't even imagine this life like this life is who

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lives this life.

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How do they do it?

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Like it's inspiring,

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but I,

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wow. There's 55 miles of shoreline,

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55, 500.

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I lied.

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55 was deep Creek.

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There's 550 miles of shoreline of those houses.

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Just one of the three lakes in Charlotte.

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Unbelievable. Like where are these people getting this money?

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So last year I was,

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I was very lack mindset scarcity.

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And I could not identify was like,

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how do these people live?

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This is such a life like look at this life.

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And I was excited about it,

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but I had separated myself in a scarcity.

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I don't have any judgment towards those people for having that

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life. Hmm.

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I don't think so.

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I think I used to,

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I definitely used to,

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but I've improved in that regard.

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It was just,

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it was just,

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oh, that's nice for them,

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but I'm over here.

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Never the two can meet that's exactly right.

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So this was a two-step process.

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One was getting over the leg judgment and jealousy.

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That was a couple of years ago.

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I got through that and I can be excited and think

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what's possible,

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but I still have this separation of,

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for them,

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not me this year.

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So this is just a couple of weeks ago.

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You and I get on the boat and we are coming

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out of the Harbor and I had that feeling for a

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split second.

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And I was like,

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who lives this life?

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And then I said to myself,

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Heather, you are actually living this life.

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Like you are on the boat,

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on the water and this beautiful lake.

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You, you are the same.

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I mean,

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I may not have that mansion,

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but all of a sudden it was like,

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what I did was I really grounded myself in the present

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moment. I am with my best friend on a beautiful day

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on a boat working like could life possibly get any better?

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I don't think so.

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Cause this is amazing.

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So I made this shift to like,

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wait a minute.

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I am living that life.

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I, I am that person because other people are driving to

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their office and their nine to five right now,

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not on a boat with their best friend,

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you know,

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on a Wednesday and we're working on a boat and this

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was, I was proud.

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I didn't vocalize this to you.

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Cause it was like processing,

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you know?

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But I was thinking,

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oh my gosh,

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that's actually a huge shift for me.

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Because last year I was separate from these people.

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And this year I was like,

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no, I who's living this life who has this.

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I actually have this life because I'm here on the boat.

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And so that was a huge shift for me.

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And I just want to acknowledge my progress.

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I felt good about that.

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So I love it.

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Thank you.

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All right.

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So that was good.

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Now the next one,

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I still need some help on,

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but I did,

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you know,

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you and I always talk about the first step is awareness.

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I had an awareness also with you.

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So you have this super abundant mindset and dislike you'll you

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can make money,

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you can do things,

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you can buy things and everything flows for you,

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right? Just flows.

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I tend to hoard and like hold onto money and block

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it where you're just very free and open and abundant mindset.

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So I noticed that you and I have a very distinctly

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different approach to the same situation.

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Example, you buy a new horse.

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I want to buy a cabin or a tiny house to

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put on the property.

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Let's just say for the sake of numbers,

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make it easy.

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Let's say both of these items are $40,000.

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Let's say the horse is 40.

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And the tiny home is $40,000.

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The way you approach it is like,

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yeah, I want a horse.

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I'm going to go buy the horse.

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And then they fun.

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Let's figure out a way to generate some money to pay

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for the horse.

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Right? My approach is I better save up $40,000

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so that I have $40,000

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in cash in full to buy this tiny house to put

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on the property.

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One of these approaches comes from abundance and one comes from

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lack and I'll get,

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I'll let you guess,

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which is which well,

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I want to clarify that I would not be okay doing

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something like that.

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If it was,

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if I didn't already have that money.

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So I like you would need to have it paid for

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ahead of time,

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ahead of time.

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But yeah,

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I mean,

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we talk about these things and,

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and there is very much like,

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I'm like,

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oh, you know,

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earn money,

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you spend money viewed.

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Like what's the point in having money if you can't enjoy

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it. And I also,

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you know,

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look at it as a,

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what are the costs for,

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you know,

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leasing a horse and my daughter's going to ride a horse

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for the next four years and I did the math and

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you know,

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then it becomes,

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well, you know,

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it's, it,

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it becomes,

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it makes more sense.

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So then it's easy for me to be like,

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oh yeah,

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I'll spend this money on,

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you know,

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on this thing here.

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But yeah,

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I think the clarification is what,

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how much,

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if for this hypothetical $40,000

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expenditure, how much money do you need to have in reserve

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in the bank to spend that?

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Yeah, I mean,

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because we've been talking about it and I'm like,

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I freely talk about that,

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like right now is like,

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oh, cashflow comes and goes and I have a lot of

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cashflow in out right now.

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You know,

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I just bought a car cause that needed to happen.

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Interest rates growing up.

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I'm like,

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I just need to get this done.

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And I'm quite frankly not sure that my old car with

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its rest problem will pass inspection this year.

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I didn't think it would last year.

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And then,

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you know,

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Lauren's lease was done on the horse.

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She was riding.

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I'm like,

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I've, I've got to get her horse like just have,

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cause I'm not sharing Rocco.

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I mean,

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so there's that.

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And then the other piece is we've had this rental house,

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we've been rehabbing since March and it's getting to the very

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end. So need you to like pay the contractor.

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And we've just been spending so much money on this house,

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you know,

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upgrading, redoing the whole electric,

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all the plumbing and the roof and gutting it and the

279
00:09:07,800 --> 00:09:08,460
whole nine yards.

280
00:09:08,460 --> 00:09:09,180
So it was just like,

281
00:09:09,780 --> 00:09:11,190
every time I turn around,

282
00:09:11,190 --> 00:09:12,150
it's like five grand,

283
00:09:12,150 --> 00:09:12,690
10 grand,

284
00:09:13,090 --> 00:09:14,880
1,600, 300,

285
00:09:14,880 --> 00:09:16,620
like it's insane.

286
00:09:17,100 --> 00:09:19,350
So yeah.

287
00:09:19,560 --> 00:09:22,170
So I've been questioning like I've been getting into like,

288
00:09:22,170 --> 00:09:24,240
I start to get in momentarily.

289
00:09:24,330 --> 00:09:25,260
I'm like,

290
00:09:25,500 --> 00:09:27,930
oh, there's a lot of money going out.

291
00:09:27,930 --> 00:09:32,820
Where's this money going to be coming in from moments because

292
00:09:32,820 --> 00:09:33,420
it's just,

293
00:09:33,600 --> 00:09:35,070
but, but then I remind myself,

294
00:09:35,100 --> 00:09:35,340
I'm like,

295
00:09:35,340 --> 00:09:37,800
it's, it's just what it is right now.

296
00:09:37,830 --> 00:09:39,840
Like this house is almost done,

297
00:09:40,440 --> 00:09:41,760
then we're going to refinance it,

298
00:09:42,150 --> 00:09:44,070
take some money back out and then like,

299
00:09:44,070 --> 00:09:45,660
okay, my savings is replenished.

300
00:09:45,930 --> 00:09:46,440
Like my,

301
00:09:46,570 --> 00:09:47,430
my savings,

302
00:09:47,460 --> 00:09:48,720
the money I'm spending on the house,

303
00:09:48,750 --> 00:09:50,160
isn't going away.

304
00:09:50,160 --> 00:09:51,870
It's just no longer liquid.

305
00:09:52,300 --> 00:09:54,100
Right. It's somewhere else right now.

306
00:09:54,310 --> 00:09:56,920
But it seems to me that there's two keys here is

307
00:09:56,920 --> 00:09:57,340
number one,

308
00:09:57,340 --> 00:10:00,010
you have a higher tolerance for this than I do.

309
00:10:00,400 --> 00:10:01,480
And number two,

310
00:10:01,480 --> 00:10:02,860
you're able to tell yourself,

311
00:10:02,860 --> 00:10:05,440
well, this situation is temporary.

312
00:10:05,710 --> 00:10:07,000
I don't love it right now,

313
00:10:07,120 --> 00:10:08,110
but it's temporary.

314
00:10:08,110 --> 00:10:09,610
And I get caught up in this,

315
00:10:09,610 --> 00:10:11,170
like all or nothing thinking,

316
00:10:11,170 --> 00:10:13,090
this is the way it's going to be forever,

317
00:10:13,090 --> 00:10:13,510
you know?

318
00:10:13,510 --> 00:10:15,040
And nothing's ever going to come in.

319
00:10:15,370 --> 00:10:17,500
And so how much would I have to have?

320
00:10:17,710 --> 00:10:20,230
So this is the problem because I'm never going to have

321
00:10:20,230 --> 00:10:22,300
it because other bills come up,

322
00:10:22,330 --> 00:10:22,900
things happen,

323
00:10:22,900 --> 00:10:26,080
right? So to be able to put 40 or $50,000

324
00:10:26,080 --> 00:10:28,540
aside is it's just not going to happen.

325
00:10:28,630 --> 00:10:32,500
So either I'm going to have to shift my thinking or

326
00:10:32,500 --> 00:10:34,060
just give up on a chicken chapel,

327
00:10:34,360 --> 00:10:34,780
you know,

328
00:10:35,050 --> 00:10:36,010
which I want both,

329
00:10:36,220 --> 00:10:37,750
I actually want a chicken chapel.

330
00:10:37,750 --> 00:10:39,830
I want a chapel and the chickens and I,

331
00:10:39,830 --> 00:10:42,130
and I want like a cabin on the property.

332
00:10:42,250 --> 00:10:45,610
Well, your Priscilla had be in the top window of the

333
00:10:45,610 --> 00:10:46,240
chicken chapel,

334
00:10:46,600 --> 00:10:48,820
a hundred percent and people will walk by and it will

335
00:10:48,820 --> 00:10:49,480
scare them.

336
00:10:49,480 --> 00:10:50,470
And it's so,

337
00:10:50,470 --> 00:10:51,130
so funny.

338
00:10:51,310 --> 00:10:52,030
I actually,

339
00:10:52,030 --> 00:10:52,210
you know,

340
00:10:52,210 --> 00:10:55,150
what I'm trying to find right now is the outline of

341
00:10:55,200 --> 00:10:59,620
a Yeti Sasquatch to put in the woods to scare people

342
00:10:59,920 --> 00:11:01,060
because we live in the woods.

343
00:11:01,060 --> 00:11:01,960
And so funny.

344
00:11:02,380 --> 00:11:03,070
I'm sorry,

345
00:11:03,100 --> 00:11:04,870
did you not see the giant,

346
00:11:04,900 --> 00:11:06,760
like metal,

347
00:11:06,790 --> 00:11:08,530
six foot Yeti in someone's yard?

348
00:11:08,530 --> 00:11:09,610
When we went out to get ice cream,

349
00:11:11,380 --> 00:11:12,400
did we wait?

350
00:11:12,430 --> 00:11:13,900
Maybe that's where I got it from.

351
00:11:14,460 --> 00:11:15,250
I don't even really like,

352
00:11:15,250 --> 00:11:17,230
my brain is Yeti.

353
00:11:17,290 --> 00:11:18,850
That's just like they have in the woods.

354
00:11:18,910 --> 00:11:19,900
That is amazing.

355
00:11:20,830 --> 00:11:22,090
I haven't got to get one of those.

356
00:11:22,330 --> 00:11:23,320
You see my,

357
00:11:23,340 --> 00:11:24,520
my list of once,

358
00:11:24,530 --> 00:11:29,320
as long as these things that I want and I am

359
00:11:29,320 --> 00:11:33,910
so risk averse or so tight-fisted that I want all of

360
00:11:33,910 --> 00:11:35,410
this money in an account liquid,

361
00:11:35,440 --> 00:11:37,540
almost all of it to be able to pull the trigger

362
00:11:37,540 --> 00:11:37,930
and say,

363
00:11:37,930 --> 00:11:41,770
go, and it's just not really realistic in terms of what

364
00:11:41,770 --> 00:11:42,250
I want to do.

365
00:11:42,280 --> 00:11:45,880
I have to be able to leverage some assets and be

366
00:11:45,880 --> 00:11:46,960
okay, taking a loan,

367
00:11:46,990 --> 00:11:49,840
like understanding that I can figure this out.

368
00:11:49,930 --> 00:11:50,290
And I,

369
00:11:50,770 --> 00:11:54,310
my scarcity complex is holding me back.

370
00:11:54,340 --> 00:11:56,350
I will find a million excuses like the cabin.

371
00:11:56,350 --> 00:11:58,990
I want to build this cabin so that we don't have

372
00:11:58,990 --> 00:12:01,390
a spare room in our home until our kids leave,

373
00:12:01,390 --> 00:12:02,260
which is hopefully soon.

374
00:12:02,500 --> 00:12:05,860
But I want to be able to have that available for

375
00:12:05,860 --> 00:12:07,240
like when Craig's family travels,

376
00:12:07,240 --> 00:12:10,270
they live in Texas or just whoever's in the area,

377
00:12:10,300 --> 00:12:11,590
but I also want to Airbnb it.

378
00:12:11,800 --> 00:12:12,400
And then I think,

379
00:12:12,460 --> 00:12:13,060
oh my gosh,

380
00:12:13,180 --> 00:12:15,490
our township is awful with stuff like this.

381
00:12:15,490 --> 00:12:16,750
They're never going to approve it.

382
00:12:16,960 --> 00:12:19,030
And so I talk myself out of it,

383
00:12:19,180 --> 00:12:20,800
we're off the township's never going to approve it.

384
00:12:21,010 --> 00:12:21,670
And where would I put it?

385
00:12:21,700 --> 00:12:22,780
Well, what do I do with this update?

386
00:12:22,810 --> 00:12:24,010
How do I get electricity to it?

387
00:12:24,010 --> 00:12:25,060
Should I get solar panels?

388
00:12:25,270 --> 00:12:26,500
And if they do approve it,

389
00:12:26,500 --> 00:12:27,130
should I just tell them?

390
00:12:27,130 --> 00:12:27,400
It's like,

391
00:12:27,550 --> 00:12:27,970
you know,

392
00:12:28,750 --> 00:12:29,560
they, they say,

393
00:12:29,560 --> 00:12:30,730
just like tell the township,

394
00:12:30,730 --> 00:12:31,600
you're building a shed.<inaudible>

395
00:12:35,040 --> 00:12:35,380
I mean,

396
00:12:35,380 --> 00:12:36,940
it can be your,

397
00:12:37,000 --> 00:12:39,100
okay, this is not legal advice.

398
00:12:42,280 --> 00:12:46,060
I am not a lawyer or any sort of legal advice

399
00:12:46,060 --> 00:12:47,980
person, but yeah,

400
00:12:48,010 --> 00:12:49,750
I'm very much more of the,

401
00:12:50,470 --> 00:12:51,850
especially for things like that,

402
00:12:51,850 --> 00:12:53,620
like you live on 30 acres in the woods.

403
00:12:55,420 --> 00:12:57,340
You're not going to be like this.

404
00:12:57,490 --> 00:12:59,890
The same thing actually comes back around to,

405
00:12:59,890 --> 00:13:01,180
I hear students all the time,

406
00:13:01,180 --> 00:13:02,470
like, oh my,

407
00:13:02,950 --> 00:13:05,560
my township won't let me have an in-home business.

408
00:13:05,830 --> 00:13:06,160
I'm like,

409
00:13:06,190 --> 00:13:06,580
all right,

410
00:13:06,610 --> 00:13:08,320
if you have a little studio in your house,

411
00:13:08,350 --> 00:13:10,900
unless you're doing high volume with 10 new clients a day,

412
00:13:10,900 --> 00:13:12,100
no one will even know.

413
00:13:12,130 --> 00:13:15,970
Correct. So I wouldn't say that's one of those things where

414
00:13:15,970 --> 00:13:16,390
I'm like,

415
00:13:16,870 --> 00:13:19,360
you had just asked forgiveness if you get in trouble.

416
00:13:19,360 --> 00:13:19,930
But I,

417
00:13:19,970 --> 00:13:21,700
I imagined they would never know.

418
00:13:21,970 --> 00:13:24,460
Correct. I have the same approach.

419
00:13:24,490 --> 00:13:27,010
And I actually have a friend who sat on the township

420
00:13:27,010 --> 00:13:28,420
committee and he said to me,

421
00:13:28,870 --> 00:13:30,310
just tell him it's a shed.

422
00:13:30,760 --> 00:13:31,630
And w and how,

423
00:13:31,780 --> 00:13:34,750
however you build it out once it's on your property,

424
00:13:34,750 --> 00:13:36,040
because you can order these tiny homes.

425
00:13:36,040 --> 00:13:36,190
I mean,

426
00:13:36,190 --> 00:13:37,420
you can ever get them on Amazon,

427
00:13:37,420 --> 00:13:37,690
you know,

428
00:13:38,140 --> 00:13:41,380
and you just have it delivered on a trailer and he's

429
00:13:41,380 --> 00:13:44,110
like, whatever you do after that is up to you.

430
00:13:44,110 --> 00:13:46,270
So if you want to build it out and it has

431
00:13:46,270 --> 00:13:47,230
amenities in it,

432
00:13:47,230 --> 00:13:47,680
you know?

433
00:13:48,040 --> 00:13:49,450
Yeah. So anyway,

434
00:13:49,690 --> 00:13:50,230
I just,

435
00:13:50,350 --> 00:13:53,320
all of these excuses or reasons add up in my head

436
00:13:53,380 --> 00:13:54,520
and then I just,

437
00:13:55,600 --> 00:13:56,650
I just don't do anything.

438
00:13:56,680 --> 00:13:58,300
And that's so not like me,

439
00:13:58,420 --> 00:14:00,700
because with everything else,

440
00:14:00,760 --> 00:14:01,630
like in my business,

441
00:14:01,630 --> 00:14:02,140
I am go,

442
00:14:02,140 --> 00:14:03,550
go, go take action.

443
00:14:03,760 --> 00:14:07,000
But when it comes to large sums of money,

444
00:14:07,460 --> 00:14:08,230
need a paralyzed,

445
00:14:08,710 --> 00:14:10,810
paralyzed, like freak out.

446
00:14:10,810 --> 00:14:12,550
Like, how could I do this?

447
00:14:12,550 --> 00:14:15,130
This puts my family in jeopardy and okay.

448
00:14:15,130 --> 00:14:16,120
Which is not true.

449
00:14:16,390 --> 00:14:18,490
Right. But then all that,

450
00:14:18,490 --> 00:14:19,540
I'm going to have to work more.

451
00:14:19,540 --> 00:14:21,610
And then there's more pressure to make more money because not

452
00:14:21,610 --> 00:14:23,740
all this tiny house and well,

453
00:14:23,740 --> 00:14:26,320
then what if you're not building a big house,

454
00:14:28,480 --> 00:14:30,490
see, this is what I'm saying.

455
00:14:30,730 --> 00:14:31,960
That's how you look at it.

456
00:14:31,960 --> 00:14:32,290
You're like,

457
00:14:32,290 --> 00:14:33,520
Hey, it's a tiny house.

458
00:14:33,520 --> 00:14:34,600
Hello. And I'm like,

459
00:14:34,630 --> 00:14:35,920
oh, building this house.

460
00:14:36,400 --> 00:14:37,870
It's, I've got,

461
00:14:38,410 --> 00:14:40,090
I've got to shift to this.

462
00:14:40,510 --> 00:14:42,490
Yeah. Of lock.

463
00:14:42,580 --> 00:14:43,120
It's locked.

464
00:14:43,490 --> 00:14:43,940
Right. Well,

465
00:14:43,940 --> 00:14:44,480
and you know,

466
00:14:44,480 --> 00:14:46,040
there's a difference out here too,

467
00:14:46,070 --> 00:14:47,090
of, you know,

468
00:14:47,090 --> 00:14:48,590
this, okay,

469
00:14:48,590 --> 00:14:49,790
let me just spend this money.

470
00:14:49,790 --> 00:14:52,700
Cause I am just going to faith that it's going to

471
00:14:52,910 --> 00:14:55,100
come back versus like,

472
00:14:55,820 --> 00:14:56,600
we're not just saying,

473
00:14:56,600 --> 00:14:58,430
Hey, spend this money because it had,

474
00:14:58,430 --> 00:14:59,870
it'll just magically reappear.

475
00:14:59,870 --> 00:15:02,570
Like you need to make sure you're making smart financial decisions.

476
00:15:02,720 --> 00:15:04,280
Obviously, you know,

477
00:15:04,370 --> 00:15:05,360
you don't want to risk,

478
00:15:05,360 --> 00:15:08,120
like the money that you need to pay your mortgage,

479
00:15:08,900 --> 00:15:09,740
go spec,

480
00:15:09,740 --> 00:15:11,780
buy your Airbnb tiny house shed.

481
00:15:12,950 --> 00:15:17,060
But assuming that all of your like must need payments are

482
00:15:17,060 --> 00:15:21,200
taken care of and you still have some emergency fund even

483
00:15:21,200 --> 00:15:23,000
right now where my cashflow is like,

484
00:15:23,240 --> 00:15:24,490
oh, those,

485
00:15:24,620 --> 00:15:27,320
those emergency funds are kind of drained right now.

486
00:15:29,670 --> 00:15:30,860
Like gone.

487
00:15:31,400 --> 00:15:33,740
And like my property taxes are coming up and all those

488
00:15:33,740 --> 00:15:34,430
things. And I'm like,

489
00:15:34,520 --> 00:15:35,660
oh, okay.

490
00:15:35,990 --> 00:15:38,480
Like if something were to truly happen,

491
00:15:38,510 --> 00:15:42,020
like there's still other places that you can tap income.

492
00:15:42,050 --> 00:15:43,070
Because like I said,

493
00:15:43,070 --> 00:15:43,880
like, I know,

494
00:15:44,060 --> 00:15:48,020
I know that refinancing this house is six weeks,

495
00:15:48,560 --> 00:15:48,860
you know,

496
00:15:48,860 --> 00:15:51,680
maybe a little bit longer because of how long loans take,

497
00:15:52,910 --> 00:15:53,180
you know,

498
00:15:53,180 --> 00:15:53,540
but it's,

499
00:15:53,570 --> 00:15:55,070
it's before the end of the year,

500
00:15:55,100 --> 00:15:56,030
it'll be refinanced.

501
00:15:56,030 --> 00:15:58,160
And those emergency funds will be redone.

502
00:15:58,850 --> 00:15:59,810
That will be another,

503
00:16:00,080 --> 00:16:00,890
another ebb and flow.

504
00:16:00,890 --> 00:16:02,930
Cause we'll likely want to do another house.

505
00:16:04,820 --> 00:16:06,890
But I forget where I was going with that.

506
00:16:08,240 --> 00:16:09,140
I think you were saying like,

507
00:16:09,350 --> 00:16:10,520
make smart decisions.

508
00:16:10,520 --> 00:16:11,720
Like don't be an idiot about it,

509
00:16:11,720 --> 00:16:13,010
which is why I run them by you.

510
00:16:13,400 --> 00:16:13,820
Yeah. Yeah.

511
00:16:14,000 --> 00:16:14,600
Oh no.

512
00:16:14,600 --> 00:16:15,860
And it's just knowing,

513
00:16:16,490 --> 00:16:16,730
you know,

514
00:16:16,790 --> 00:16:21,110
having some financial literacy or asking people that know personal finance,

515
00:16:21,110 --> 00:16:23,360
well, of like what other options are there?

516
00:16:23,360 --> 00:16:26,330
Like I know if I truly got in a cashflow bind,

517
00:16:26,660 --> 00:16:28,760
like I could take a home equity line of credit,

518
00:16:28,760 --> 00:16:31,760
correct. Like a,

519
00:16:31,760 --> 00:16:33,620
to take that money out a little bit,

520
00:16:33,740 --> 00:16:35,450
a little bit more now than last year,

521
00:16:36,200 --> 00:16:36,530
you know,

522
00:16:36,530 --> 00:16:37,880
because interest rates have gone up,

523
00:16:38,150 --> 00:16:38,600
but like,

524
00:16:38,600 --> 00:16:41,360
it's there like worst case scenario.

525
00:16:41,360 --> 00:16:43,550
Yeah. I have a Roth IRA that you can take principal

526
00:16:43,550 --> 00:16:44,660
out without any,

527
00:16:45,470 --> 00:16:46,550
any penalties,

528
00:16:46,940 --> 00:16:47,450
but you know,

529
00:16:47,450 --> 00:16:48,590
do I ever want to touch that?

530
00:16:48,590 --> 00:16:49,850
No, not until I retire,

531
00:16:49,850 --> 00:16:53,660
but it helps to then feel a little bit more safe

532
00:16:53,660 --> 00:16:54,140
as like,

533
00:16:54,380 --> 00:16:56,180
oh, I know that I have where it's like,

534
00:16:56,210 --> 00:16:58,910
I can get cash if I needed cash to pay my

535
00:16:58,910 --> 00:17:01,610
mortgage. But like I said,

536
00:17:01,880 --> 00:17:03,170
not planning to do those things,

537
00:17:03,170 --> 00:17:04,310
but you have like,

538
00:17:04,310 --> 00:17:05,300
just knowing that,

539
00:17:05,930 --> 00:17:06,560
that option's,

540
00:17:06,560 --> 00:17:10,280
there is sometimes easier to kind of weather the ebbs and

541
00:17:10,280 --> 00:17:13,220
flows of different cashflow seasons.

542
00:17:13,580 --> 00:17:14,900
Yeah. No that's solid advice.

543
00:17:14,900 --> 00:17:15,170
I mean,

544
00:17:15,170 --> 00:17:18,920
we owe 25% of what our house is currently worth,

545
00:17:18,920 --> 00:17:21,800
which means we have 75% in equity right now on our

546
00:17:21,800 --> 00:17:23,270
home. So yeah,

547
00:17:23,480 --> 00:17:25,250
we could definitely get cash that way,

548
00:17:25,280 --> 00:17:26,120
but okay.

549
00:17:26,390 --> 00:17:27,740
I think I know the answer to this,

550
00:17:27,740 --> 00:17:28,940
but question for you.

551
00:17:29,330 --> 00:17:31,160
Why is it with my photography business?

552
00:17:31,160 --> 00:17:32,120
When I started,

553
00:17:32,330 --> 00:17:32,540
you know,

554
00:17:32,540 --> 00:17:34,760
you, if you buy a camera and a couple of lenses,

555
00:17:34,760 --> 00:17:35,870
let's say conservatively,

556
00:17:35,870 --> 00:17:36,290
you can,

557
00:17:36,500 --> 00:17:38,270
you can do that for about $2,000.

558
00:17:38,270 --> 00:17:39,680
You could get started for,

559
00:17:40,040 --> 00:17:41,450
well, you could buy a kit for a thousand,

560
00:17:41,450 --> 00:17:43,250
but two to $3,000.

561
00:17:43,250 --> 00:17:46,010
You could have a decent setup and start photographing.

562
00:17:46,310 --> 00:17:48,650
I would make money from photography.

563
00:17:48,650 --> 00:17:51,060
I would buy new lenses in the beginning and had no

564
00:17:51,060 --> 00:17:54,840
problem, like was totally confident in my ability to make that

565
00:17:54,840 --> 00:17:56,220
money and,

566
00:17:56,250 --> 00:17:56,610
you know,

567
00:17:56,610 --> 00:17:59,160
become profitable in the same with guess what?

568
00:17:59,460 --> 00:18:00,570
The fairy hair business,

569
00:18:01,230 --> 00:18:05,100
it was still really comfortable putting down $180 on ferry hair,

570
00:18:05,100 --> 00:18:06,210
knowing I was going to make it back.

571
00:18:06,360 --> 00:18:08,280
So these are obviously small numbers,

572
00:18:08,280 --> 00:18:11,190
but I had complete faith in myself to figure it out.

573
00:18:12,030 --> 00:18:15,000
And the pressure for those two businesses at the time.

574
00:18:17,040 --> 00:18:17,520
You're right.

575
00:18:18,090 --> 00:18:18,540
You're right.

576
00:18:19,230 --> 00:18:22,530
No, that's like the first hurdle when you're starting your business

577
00:18:22,530 --> 00:18:24,480
is, oh my gosh,

578
00:18:24,480 --> 00:18:25,380
can I make this work?

579
00:18:25,380 --> 00:18:26,340
Can I make this work?

580
00:18:26,550 --> 00:18:27,000
Oh my gosh,

581
00:18:27,030 --> 00:18:27,630
it's working.

582
00:18:27,870 --> 00:18:31,620
And then the intensity magnifies by 10 because all of a

583
00:18:31,620 --> 00:18:32,370
sudden it's like,

584
00:18:32,850 --> 00:18:36,180
can I keep this up all going to go away?

585
00:18:36,210 --> 00:18:38,010
You're going to find out what I'm doing.

586
00:18:38,190 --> 00:18:39,930
It's all just going to go crumbling.

587
00:18:40,140 --> 00:18:44,340
And I'm going to be destitute and homeless and everything's going

588
00:18:44,340 --> 00:18:45,000
to be taken for me.

589
00:18:45,540 --> 00:18:45,990
That's it.

590
00:18:46,200 --> 00:18:48,660
I'm going to be on the street without food or clothing.

591
00:18:49,080 --> 00:18:50,370
Yeah, you're right.

592
00:18:50,700 --> 00:18:51,600
That's absolutely true.

593
00:18:51,600 --> 00:18:53,160
Because when I started my photography business,

594
00:18:53,160 --> 00:18:54,420
I was still working corporate.

595
00:18:54,720 --> 00:18:55,980
I hadn't made the transition yet.

596
00:18:55,980 --> 00:18:56,880
So there was no pressure.

597
00:18:56,880 --> 00:18:57,720
It was just,

598
00:18:58,020 --> 00:18:58,950
oh, wait for this.

599
00:18:59,790 --> 00:19:03,240
It was like the fairy hair.

600
00:19:03,450 --> 00:19:04,380
Let's just fun.

601
00:19:04,530 --> 00:19:06,600
So I had no problem that again,

602
00:19:06,600 --> 00:19:07,500
the numbers were small,

603
00:19:07,500 --> 00:19:09,780
but I had no problem because it was fun.

604
00:19:09,780 --> 00:19:10,740
There wasn't any pressure.

605
00:19:10,740 --> 00:19:11,400
I paid it off.

606
00:19:11,700 --> 00:19:15,450
I think the magnitude of the number and like the pressure

607
00:19:15,450 --> 00:19:16,200
of, okay,

608
00:19:16,770 --> 00:19:18,180
you can't walk away from this.

609
00:19:18,180 --> 00:19:18,960
You're, it's a commitment.

610
00:19:18,990 --> 00:19:19,860
Oh, by the way,

611
00:19:19,860 --> 00:19:23,190
have I ever told you I have serious commitment issues?

612
00:19:23,550 --> 00:19:25,590
Like, like for instance,

613
00:19:25,680 --> 00:19:27,300
don't ask me to go to the movie theater.

614
00:19:27,360 --> 00:19:28,530
That's three hours.

615
00:19:28,530 --> 00:19:30,900
I'm like tuck on Mavericks worth it.

616
00:19:31,410 --> 00:19:33,390
Definitely. There are some that are worth it,

617
00:19:33,630 --> 00:19:34,200
but I'm like,

618
00:19:34,200 --> 00:19:35,160
that's such a commitment.

619
00:19:35,190 --> 00:19:35,820
What if I get hungry?

620
00:19:35,820 --> 00:19:36,420
What if I get thirsty?

621
00:19:36,420 --> 00:19:37,140
What if I have to go the bathroom?

622
00:19:37,140 --> 00:19:37,860
What if I want to do something?

623
00:19:37,860 --> 00:19:38,790
Like all of them?

624
00:19:40,050 --> 00:19:40,290
I mean,

625
00:19:40,290 --> 00:19:44,040
crazy. It's a kind of a wonder I ever got married

626
00:19:44,040 --> 00:19:44,850
because of these committee.

627
00:19:44,880 --> 00:19:45,990
Okay. Now I don't have,

628
00:19:46,050 --> 00:19:46,800
it's not that bad.

629
00:19:46,800 --> 00:19:47,550
I'm being funny,

630
00:19:47,580 --> 00:19:52,290
but I do have commitment issues with things that I think

631
00:19:52,290 --> 00:19:54,840
are going to lock me into something.

632
00:19:55,140 --> 00:20:00,420
So if my business is operating profitably,

633
00:20:01,350 --> 00:20:02,040
I could,

634
00:20:02,040 --> 00:20:02,790
and everything's good,

635
00:20:02,820 --> 00:20:03,120
you know,

636
00:20:03,120 --> 00:20:03,930
and we're making money.

637
00:20:04,440 --> 00:20:07,050
If I decided to shift or do something different tomorrow,

638
00:20:07,440 --> 00:20:08,940
it would be completely free to do that.

639
00:20:09,090 --> 00:20:09,600
I could,

640
00:20:10,260 --> 00:20:11,340
I could shut it down.

641
00:20:11,340 --> 00:20:12,660
I could do something else.

642
00:20:12,660 --> 00:20:12,990
I could.

643
00:20:12,990 --> 00:20:13,560
No, I mean,

644
00:20:13,680 --> 00:20:15,300
I have options.

645
00:20:16,350 --> 00:20:19,080
I feel like if I make a commitment to like 40

646
00:20:19,080 --> 00:20:20,430
or $50,000

647
00:20:20,520 --> 00:20:21,750
and I go in that,

648
00:20:21,750 --> 00:20:22,710
I'm stuck,

649
00:20:24,090 --> 00:20:27,570
but you already have saved the money or you've already spent

650
00:20:27,780 --> 00:20:28,440
the money.

651
00:20:30,290 --> 00:20:34,310
So there should not be any more if it was saved

652
00:20:34,340 --> 00:20:38,090
up, if it was saved up and I had 50 grand.

653
00:20:38,120 --> 00:20:40,010
Yeah. I would be fine because why,

654
00:20:40,160 --> 00:20:41,570
because there's the freedom to,

655
00:20:41,900 --> 00:20:42,800
to change your mind?

656
00:20:42,800 --> 00:20:43,670
Or did you though,

657
00:20:43,670 --> 00:20:46,880
because you said before that you would never have enough to

658
00:20:46,880 --> 00:20:48,970
be able to spend that big chunk.

659
00:20:49,480 --> 00:20:50,620
Here's, here's what it is.

660
00:20:50,620 --> 00:20:56,170
I think in that is our minds need to get comfortable

661
00:20:56,290 --> 00:20:59,890
earning bigger and bigger pieces of income and spending bigger and

662
00:20:59,890 --> 00:21:02,770
bigger chunks of money because you know,

663
00:21:02,770 --> 00:21:05,380
when you're starting off and your photography and you're like,

664
00:21:05,410 --> 00:21:06,490
oh, you know,

665
00:21:06,490 --> 00:21:07,990
maybe I had a $500 client.

666
00:21:08,020 --> 00:21:11,080
I could never imagine having a $2,000

667
00:21:11,080 --> 00:21:14,230
clients. I could never imagine having a $3,500

668
00:21:14,230 --> 00:21:15,400
client. Oh my God.

669
00:21:15,400 --> 00:21:17,950
I couldn't imagine ever having a 10 K client.

670
00:21:18,430 --> 00:21:20,650
And then that thousand dollars sale happens.

671
00:21:20,680 --> 00:21:21,040
And you're like,

672
00:21:21,100 --> 00:21:24,280
oh, well this feels like a new normal then at 2000,

673
00:21:24,470 --> 00:21:25,570
well, this is a new normal.

674
00:21:25,690 --> 00:21:26,740
And then the 3000,

675
00:21:26,950 --> 00:21:28,300
this is a great new normal.

676
00:21:28,450 --> 00:21:28,810
And you know,

677
00:21:28,810 --> 00:21:29,620
maybe 10,000

678
00:21:29,620 --> 00:21:30,190
is not normal,

679
00:21:30,190 --> 00:21:32,170
but you're like uncomfortable with these outliers.

680
00:21:33,010 --> 00:21:36,190
Right? So it's the same thing with spending money.

681
00:21:36,370 --> 00:21:38,590
Like you start to,

682
00:21:39,700 --> 00:21:40,210
you know,

683
00:21:40,570 --> 00:21:42,580
spend some money here and spend some money there.

684
00:21:42,580 --> 00:21:44,890
And like you start dealing with bigger,

685
00:21:45,250 --> 00:21:45,910
bigger numbers,

686
00:21:47,290 --> 00:21:47,920
which, you know,

687
00:21:47,920 --> 00:21:49,240
also comes with,

688
00:21:49,840 --> 00:21:51,160
as we get older,

689
00:21:51,160 --> 00:21:51,430
you know,

690
00:21:51,430 --> 00:21:53,350
hopefully we've saved more money.

691
00:21:53,350 --> 00:21:56,050
So we like have more of a nest egg and retirement

692
00:21:56,050 --> 00:21:57,610
accounts and places like that.

693
00:21:57,970 --> 00:21:59,650
And we have more equity in our home.

694
00:22:00,040 --> 00:22:03,160
And so it's not nearly as scary as it was when

695
00:22:03,160 --> 00:22:05,080
you were like 23 and had nothing,

696
00:22:06,550 --> 00:22:07,000
you know?

697
00:22:08,530 --> 00:22:09,220
So I think it,

698
00:22:09,370 --> 00:22:10,840
it becomes a,

699
00:22:11,110 --> 00:22:12,880
and even if you're not actually spending it,

700
00:22:13,960 --> 00:22:15,340
like my homework for you is not to go out and

701
00:22:15,340 --> 00:22:16,300
spend $40,000.

702
00:22:16,810 --> 00:22:17,680
Thank goodness.

703
00:22:18,520 --> 00:22:23,200
But, but can you imagine,

704
00:22:23,230 --> 00:22:27,730
can you go look at your income or your bank accounts

705
00:22:27,730 --> 00:22:28,090
and be like,

706
00:22:28,090 --> 00:22:28,630
what if,

707
00:22:28,990 --> 00:22:31,150
like, what if I actually took that money?

708
00:22:32,800 --> 00:22:35,080
What if you actually took your tiny house money,

709
00:22:35,620 --> 00:22:39,100
made a separate little savings account and it had it over

710
00:22:39,100 --> 00:22:42,280
there and then you kind of forgot that it was there.

711
00:22:42,280 --> 00:22:46,510
So it's not part of your like normal safety fund or

712
00:22:46,510 --> 00:22:49,090
like normal household spending is just like,

713
00:22:49,150 --> 00:22:50,890
I have this little savings over here,

714
00:22:51,070 --> 00:22:53,320
which is a good idea for any big purchase,

715
00:22:54,220 --> 00:22:54,580
you know,

716
00:22:54,670 --> 00:22:57,250
joining us in Spain and October,

717
00:22:57,370 --> 00:22:58,210
for instance,

718
00:22:58,450 --> 00:22:59,470
Alona, you know,

719
00:22:59,470 --> 00:23:00,760
just say a couple of seats left,

720
00:23:00,760 --> 00:23:02,650
come on over every penny that photography,

721
00:23:02,650 --> 00:23:06,280
retreats.com, but yeah.

722
00:23:06,280 --> 00:23:06,580
You know,

723
00:23:06,580 --> 00:23:07,510
whatever it is like,

724
00:23:07,510 --> 00:23:07,960
you just,

725
00:23:07,960 --> 00:23:10,300
you can start to imagine what it's like spending that and

726
00:23:10,300 --> 00:23:11,590
kind of moving that money over.

727
00:23:11,590 --> 00:23:15,010
It's actually another great exercise for doing this for one year,

728
00:23:15,010 --> 00:23:20,230
going from maybe a nine to five part-time photography to going

729
00:23:20,230 --> 00:23:20,980
full time.

730
00:23:21,340 --> 00:23:22,480
And that is,

731
00:23:22,870 --> 00:23:27,070
can you just start shifting more of that money?

732
00:23:27,070 --> 00:23:28,810
Like all the money you make for your photography,

733
00:23:28,810 --> 00:23:31,540
just like pack that away into that little savings account over

734
00:23:31,540 --> 00:23:34,510
there. And then like when you're getting a little bit closer,

735
00:23:34,900 --> 00:23:36,640
can you essentially just like,

736
00:23:36,940 --> 00:23:39,250
Hey, can I just kind of live off this photography at

737
00:23:39,560 --> 00:23:42,250
and like to save more of my corporate income?

738
00:23:42,550 --> 00:23:44,740
And so all of a sudden when you're ready to,

739
00:23:45,290 --> 00:23:45,590
you know,

740
00:23:45,590 --> 00:23:47,120
actually make that shift,

741
00:23:47,630 --> 00:23:50,690
then you have like this nice little nest egg of savings.

742
00:23:51,020 --> 00:23:55,130
Now this can backfire on some people,

743
00:23:55,760 --> 00:23:59,420
some people kind of like myself that tend to work better

744
00:23:59,420 --> 00:24:00,230
under pressure.

745
00:24:02,480 --> 00:24:05,150
If I have too much of a cushion,

746
00:24:05,750 --> 00:24:06,800
I get too comfortable.

747
00:24:08,130 --> 00:24:09,590
You need to know yourself too.

748
00:24:09,590 --> 00:24:11,060
And I'm not saying like,

749
00:24:11,120 --> 00:24:13,100
oh, I'm going to go quit my corporate job to start

750
00:24:13,100 --> 00:24:16,070
a photography business with nothing's ready and I'm not ready to

751
00:24:16,070 --> 00:24:17,300
take clients and screw it.

752
00:24:17,330 --> 00:24:18,020
It'll work out.

753
00:24:19,340 --> 00:24:21,950
We need to like plan ahead and make sure that we're

754
00:24:21,950 --> 00:24:22,940
planning appropriately.

755
00:24:23,300 --> 00:24:24,560
But you know,

756
00:24:24,590 --> 00:24:26,060
just in different ways to maybe look at that.

757
00:24:26,510 --> 00:24:27,170
Yeah. So no,

758
00:24:27,230 --> 00:24:28,160
no myself.

759
00:24:28,580 --> 00:24:29,990
And then how can I,

760
00:24:30,020 --> 00:24:30,800
but then also,

761
00:24:30,800 --> 00:24:33,290
how can I sort of push myself a little bit outside

762
00:24:33,290 --> 00:24:34,220
of my comfort zone?

763
00:24:34,220 --> 00:24:37,220
So I think what I will start doing is putting money

764
00:24:37,370 --> 00:24:39,230
aside into a separate account,

765
00:24:39,230 --> 00:24:42,530
just here and there and thinking about it.

766
00:24:42,560 --> 00:24:45,680
I also am lacking clarity on what I want and I

767
00:24:45,680 --> 00:24:46,550
know that's an issue.

768
00:24:47,030 --> 00:24:48,050
Yeah. It was actually one.

769
00:24:48,050 --> 00:24:48,440
I wanted,

770
00:24:48,440 --> 00:24:50,480
I wanted a horse for Lauren and I wanted a rental

771
00:24:50,480 --> 00:24:51,890
house and I wanted a new car.

772
00:24:51,980 --> 00:24:53,360
So it's easy to spend that money.

773
00:24:54,290 --> 00:24:54,920
I was,

774
00:24:55,100 --> 00:24:56,000
you knew what you wanted to,

775
00:24:56,000 --> 00:24:57,110
you had clarity of purpose.

776
00:24:57,320 --> 00:24:59,270
I've looked at a couple of different models and I can't

777
00:24:59,270 --> 00:25:00,950
decide what I want this to look like.

778
00:25:01,280 --> 00:25:04,160
And, and these are things that have been in the works

779
00:25:04,160 --> 00:25:05,600
for years,

780
00:25:06,020 --> 00:25:08,600
right. It's not just a snap decision.

781
00:25:08,870 --> 00:25:09,560
Right. Right.

782
00:25:09,860 --> 00:25:10,700
And, you know,

783
00:25:10,850 --> 00:25:14,930
thankfully I was lucky enough that most of that house was

784
00:25:14,930 --> 00:25:15,920
funded for my,

785
00:25:16,820 --> 00:25:18,710
my 106 year old grandma.

786
00:25:18,740 --> 00:25:19,730
Who's still kicking it,

787
00:25:19,730 --> 00:25:20,690
living on her own.

788
00:25:21,980 --> 00:25:22,790
God bless her.

789
00:25:23,750 --> 00:25:24,830
Yup. For sure.

790
00:25:25,250 --> 00:25:30,050
1981, when interest rates were,

791
00:25:30,260 --> 00:25:30,740
I don't know,

792
00:25:30,740 --> 00:25:31,790
will they get there again?

793
00:25:31,820 --> 00:25:32,480
If they do,

794
00:25:32,480 --> 00:25:34,520
this is your opportunity of a lifetime.

795
00:25:35,540 --> 00:25:37,370
She, it was 1981.

796
00:25:37,970 --> 00:25:40,160
My godmother worked at a,

797
00:25:40,160 --> 00:25:43,820
at a bank and they offered for employees only.

798
00:25:43,820 --> 00:25:44,420
And employees,

799
00:25:44,420 --> 00:25:48,440
families just for like a day or two,

800
00:25:48,860 --> 00:25:52,820
a 40 year CD paying 15.55,

801
00:25:54,650 --> 00:25:56,690
what kind of craziness?

802
00:25:57,200 --> 00:25:58,880
It was the early eighties.

803
00:25:59,480 --> 00:26:03,560
Interest rates were 15% for your house mortgage and everything else.

804
00:26:03,560 --> 00:26:04,430
It was not,

805
00:26:05,660 --> 00:26:06,320
which, you know,

806
00:26:06,320 --> 00:26:07,340
when interest rates go up,

807
00:26:07,340 --> 00:26:08,660
it stinks if you're borrowing money,

808
00:26:08,660 --> 00:26:11,320
but it's better for in funny ways.

809
00:26:11,320 --> 00:26:12,170
So she put in,

810
00:26:12,200 --> 00:26:12,710
you know,

811
00:26:12,860 --> 00:26:15,050
500,005, $500,000

812
00:26:15,050 --> 00:26:15,650
would be amazing.

813
00:26:15,680 --> 00:26:16,060
Oh my God,

814
00:26:16,070 --> 00:26:16,940
if he retired right now,

815
00:26:17,120 --> 00:26:19,460
no, she put in $500 for each of our,

816
00:26:19,460 --> 00:26:19,730
you know,

817
00:26:19,730 --> 00:26:22,040
her little grandkids and you know,

818
00:26:22,040 --> 00:26:24,770
in 40 years it was about $200,000.

819
00:26:24,770 --> 00:26:28,910
So it was a great way to fund this little real

820
00:26:28,910 --> 00:26:29,720
estate adventure.

821
00:26:30,110 --> 00:26:30,830
Oh my gosh,

822
00:26:30,860 --> 00:26:32,330
what foresight?

823
00:26:32,360 --> 00:26:35,390
But also she had to take action very quickly.

824
00:26:35,390 --> 00:26:36,050
Cause you signed it.

825
00:26:36,050 --> 00:26:37,820
It was only offered for like a day or two.

826
00:26:38,210 --> 00:26:38,540
You're like,

827
00:26:38,570 --> 00:26:38,960
oh wait,

828
00:26:38,960 --> 00:26:40,160
this is probably not a good idea.

829
00:26:40,190 --> 00:26:41,000
Not a good idea.

830
00:26:41,090 --> 00:26:43,130
Yeah. That grandma said,

831
00:26:43,170 --> 00:26:43,710
oh man,

832
00:26:43,710 --> 00:26:44,460
it to win it.

833
00:26:44,460 --> 00:26:48,960
So she got her money and that's amazing.

834
00:26:49,440 --> 00:26:50,520
So that's part of that story.

835
00:26:50,520 --> 00:26:51,600
Over the 40 years,

836
00:26:51,630 --> 00:26:54,660
the CD has been owned by probably four or five different

837
00:26:54,660 --> 00:26:57,690
banks is different banks merge and sell to each other.

838
00:26:58,020 --> 00:26:59,940
And whenever it would change,

839
00:26:59,970 --> 00:27:01,680
I would always like go into the new bank and like

840
00:27:01,710 --> 00:27:02,910
check off on it and be like,

841
00:27:02,910 --> 00:27:03,420
Hey this,

842
00:27:03,660 --> 00:27:04,410
you still have this.

843
00:27:04,410 --> 00:27:04,860
Let me see.

844
00:27:04,860 --> 00:27:05,610
Where's the balance.

845
00:27:05,610 --> 00:27:07,410
Like, ensure that it didn't get lost.

846
00:27:07,830 --> 00:27:11,480
And every time the bank can,

847
00:27:11,480 --> 00:27:11,670
you know,

848
00:27:12,030 --> 00:27:12,840
it would just be like,

849
00:27:13,200 --> 00:27:15,540
what, like double blinking,

850
00:27:15,540 --> 00:27:17,070
like, oh my God.

851
00:27:17,100 --> 00:27:19,290
Yes. And she's like,

852
00:27:19,320 --> 00:27:21,060
I'm supposed to ask you if you'd like to roll it

853
00:27:21,060 --> 00:27:22,020
into something else.

854
00:27:22,020 --> 00:27:22,470
But I'm,

855
00:27:22,480 --> 00:27:23,700
I'm thinking probably no,

856
00:27:24,170 --> 00:27:26,190
no. Unless you can beat that.

857
00:27:26,400 --> 00:27:27,720
We're not touching that.

858
00:27:28,140 --> 00:27:29,580
That's amazing.

859
00:27:31,200 --> 00:27:34,740
Okay. So this is one area I just need to work

860
00:27:34,740 --> 00:27:37,590
on bigger numbers and,

861
00:27:37,650 --> 00:27:39,510
and also what I'm making it mean.

862
00:27:39,510 --> 00:27:42,930
So I have to be careful saying that I'm stuck or

863
00:27:42,930 --> 00:27:44,040
this is a commitment,

864
00:27:44,190 --> 00:27:46,890
or then I'm forced to do D these words are not

865
00:27:46,890 --> 00:27:48,690
helpful, you know?

866
00:27:48,930 --> 00:27:51,900
And, but I'm making it mean something about what I have

867
00:27:51,900 --> 00:27:56,730
to do because of this tiny home or this loan that

868
00:27:56,730 --> 00:27:58,770
I take out or whatever it is I'm working on it.

869
00:27:59,070 --> 00:27:59,850
I, this is,

870
00:27:59,910 --> 00:28:01,530
this has been a journey for me.

871
00:28:01,530 --> 00:28:03,210
Thank you for your advice.

872
00:28:03,210 --> 00:28:05,670
And for everyone listening for coming along,

873
00:28:05,670 --> 00:28:07,320
and please go easy on me.

874
00:28:07,320 --> 00:28:08,460
I'm doing the best I can.

875
00:28:09,330 --> 00:28:09,690
I have,

876
00:28:09,750 --> 00:28:11,100
I have one more thing here too.

877
00:28:11,640 --> 00:28:15,120
That might help you change that mindset for like,

878
00:28:15,120 --> 00:28:17,940
feeling like I have to go earn this money,

879
00:28:18,240 --> 00:28:18,690
you know,

880
00:28:18,690 --> 00:28:19,890
and anyone else too,

881
00:28:19,890 --> 00:28:21,660
that gets to the point in their business where like,

882
00:28:21,690 --> 00:28:22,050
oh my God,

883
00:28:22,050 --> 00:28:23,580
my business is working.

884
00:28:23,640 --> 00:28:24,660
I can't lose it.

885
00:28:25,080 --> 00:28:29,130
And that is to shift from the money to instead shift

886
00:28:29,130 --> 00:28:30,300
towards the service.

887
00:28:30,600 --> 00:28:31,710
So instead of saying,

888
00:28:31,710 --> 00:28:33,750
Hey, I want to earn $150,000

889
00:28:33,750 --> 00:28:35,220
in my photography business this year,

890
00:28:35,610 --> 00:28:36,600
you shift it to,

891
00:28:37,020 --> 00:28:40,770
I want to serve 50 clients in my business this year.

892
00:28:41,220 --> 00:28:42,840
So for me,

893
00:28:43,050 --> 00:28:47,970
that like brings a whole different energy when I then approach

894
00:28:48,000 --> 00:28:49,440
anything that I'm doing in my business.

895
00:28:49,440 --> 00:28:51,900
When I actually focus on who it is,

896
00:28:51,900 --> 00:28:54,240
I want to help the numbers of people I want to

897
00:28:54,240 --> 00:28:57,720
help and how me helping them is actually going to ripple

898
00:28:57,720 --> 00:28:59,160
through and affect,

899
00:28:59,220 --> 00:28:59,670
you know,

900
00:28:59,730 --> 00:29:02,700
their lives and their family and everything else,

901
00:29:02,700 --> 00:29:03,480
their happiness.

902
00:29:04,200 --> 00:29:07,020
So we can do the same thing with our photography clients

903
00:29:07,020 --> 00:29:08,160
too, because I mean,

904
00:29:08,850 --> 00:29:13,110
imagine how many people now you are helping that have these

905
00:29:13,110 --> 00:29:15,810
beautiful lifetime memories capturing the relationship they have with their dog.

906
00:29:16,140 --> 00:29:17,430
So, wow.

907
00:29:17,490 --> 00:29:18,870
Yeah, that's really good.

908
00:29:18,870 --> 00:29:21,900
Okay. So what I will do is picture the people that

909
00:29:21,900 --> 00:29:26,520
I can serve by opening up our homestead for them to

910
00:29:26,520 --> 00:29:29,130
stay and recharge,

911
00:29:29,160 --> 00:29:31,020
or they don't have to pay for a hotel.

912
00:29:31,020 --> 00:29:33,840
And then also I do think I would like to Airbnb

913
00:29:33,840 --> 00:29:34,290
it and,

914
00:29:34,290 --> 00:29:34,560
you know,

915
00:29:34,560 --> 00:29:35,960
cause I have a lot of friends in the city,

916
00:29:36,210 --> 00:29:36,840
city folk,

917
00:29:37,170 --> 00:29:39,420
and they love coming out into the country with the chickens

918
00:29:39,420 --> 00:29:39,780
and such.

919
00:29:39,780 --> 00:29:42,280
So yeah,

920
00:29:42,310 --> 00:29:44,140
I was doing your Airbnb.

921
00:29:44,140 --> 00:29:47,770
I think you could potentially be like saving relationships and planets

922
00:29:48,340 --> 00:29:48,940
are planets.

923
00:29:50,950 --> 00:29:51,850
If you need to do it,

924
00:29:54,790 --> 00:29:55,120
you know,

925
00:29:55,120 --> 00:29:57,160
maybe a little weekend away from the city,

926
00:29:57,160 --> 00:30:00,910
reconnecting out in nature and they're out there in nature and

927
00:30:00,910 --> 00:30:01,270
they're like,

928
00:30:01,270 --> 00:30:04,240
man, like places beautiful.

929
00:30:04,840 --> 00:30:07,240
I should maybe stop using all these plastic water bottles.

930
00:30:07,270 --> 00:30:07,570
You know,

931
00:30:07,570 --> 00:30:07,930
I don't know,

932
00:30:07,940 --> 00:30:08,920
just, just thinking,

933
00:30:09,930 --> 00:30:11,950
I also have thought about having,

934
00:30:12,190 --> 00:30:14,800
using it for like retreats for somebody who wants to come

935
00:30:14,800 --> 00:30:17,500
and maybe do a business photography retreat for a day or

936
00:30:17,500 --> 00:30:20,080
two that they come on site on property and we can

937
00:30:20,080 --> 00:30:22,690
also have shoots here because that's what it's designed for.

938
00:30:23,020 --> 00:30:25,060
So there are different ways that I can,

939
00:30:25,090 --> 00:30:28,660
I'm also a certified life and marriage coach,

940
00:30:28,660 --> 00:30:30,430
so we can have some trees up in here.

941
00:30:30,730 --> 00:30:32,020
Yeah. Saving marriages.

942
00:30:32,020 --> 00:30:32,740
That's what I'll do.

943
00:30:32,740 --> 00:30:37,120
I'll focus on that shift.

944
00:30:37,180 --> 00:30:41,110
This is what it is as was just about everything in

945
00:30:41,110 --> 00:30:41,500
our life.

946
00:30:42,330 --> 00:30:44,440
Correct. Thank you for your help.

947
00:30:45,010 --> 00:30:45,640
Of course,

948
00:30:45,820 --> 00:30:46,360
of course.

949
00:30:46,570 --> 00:30:47,050
Oh my gosh.

950
00:30:47,080 --> 00:30:47,380
All right.

951
00:30:47,380 --> 00:30:50,170
So let's start takeaway from this roundabout conversation for everybody.

952
00:30:51,100 --> 00:30:52,000
That's a great question.

953
00:30:52,000 --> 00:30:55,510
Takeaway is get used to the Lord,

954
00:30:55,510 --> 00:30:56,620
your chicken chapel too.

955
00:30:56,620 --> 00:30:59,260
Like everyone can build your chicken yeah.

956
00:30:59,410 --> 00:31:01,030
To get out of a tick and tackle.

957
00:31:01,240 --> 00:31:05,350
I think working with bigger numbers that was impactful to me

958
00:31:05,350 --> 00:31:05,770
is like,

959
00:31:05,830 --> 00:31:08,020
okay, I was comfortable with the smaller numbers,

960
00:31:08,050 --> 00:31:11,230
which means I should trust myself and just with slightly bigger

961
00:31:11,230 --> 00:31:13,420
numbers and then bigger numbers and get used to that,

962
00:31:13,420 --> 00:31:16,420
that adaptation of I can work with larger numbers.

963
00:31:16,420 --> 00:31:17,080
That's okay.

964
00:31:17,260 --> 00:31:19,450
Leveraging money from other areas.

965
00:31:19,450 --> 00:31:21,910
Like I trust myself to make smart decisions.

966
00:31:21,910 --> 00:31:23,380
Like I'm not going to be an idiot and put my

967
00:31:23,380 --> 00:31:28,630
family in jeopardy and focus on the outcome or the results

968
00:31:28,630 --> 00:31:29,380
of what I'm doing,

969
00:31:29,380 --> 00:31:33,790
rather than just focusing on this money piece in this I'm

970
00:31:33,850 --> 00:31:35,350
up going to take a loan and then there's payments.

971
00:31:35,350 --> 00:31:36,970
And then there's a lack and scarcity,

972
00:31:37,150 --> 00:31:38,740
but just like shifting the focus.

973
00:31:39,380 --> 00:31:42,280
Yeah. I have one more question for you.

974
00:31:43,300 --> 00:31:46,210
What does it mean to you when someone takes a loan?

975
00:31:47,050 --> 00:31:48,490
Yeah. Lemons are bad.

976
00:31:51,760 --> 00:31:54,520
Yeah. So that's part of the issue.

977
00:31:54,790 --> 00:31:56,800
We talked about that in regards to my car,

978
00:31:56,830 --> 00:31:57,820
when I had to buy a car,

979
00:31:58,270 --> 00:31:59,170
a small car loan.

980
00:31:59,170 --> 00:31:59,890
And I was like,

981
00:32:00,220 --> 00:32:03,190
I was literally in tears over it because I'm like,

982
00:32:03,760 --> 00:32:04,780
I don't want to take a loan,

983
00:32:05,230 --> 00:32:05,740
broke people,

984
00:32:05,740 --> 00:32:06,400
take loans.

985
00:32:06,430 --> 00:32:07,210
I can't afford it.

986
00:32:07,240 --> 00:32:07,960
I'm stupid.

987
00:32:07,960 --> 00:32:08,710
I'm a loser.

988
00:32:08,710 --> 00:32:09,820
All of these things.

989
00:32:10,030 --> 00:32:10,720
So yeah,

990
00:32:10,750 --> 00:32:11,920
taking a loan is a very,

991
00:32:11,920 --> 00:32:13,450
very bad thing in my mind,

992
00:32:13,510 --> 00:32:18,100
which I'm pretty sure just about every super successful and wealthy

993
00:32:18,100 --> 00:32:24,310
person takes loans on the regular because they know that their

994
00:32:24,310 --> 00:32:25,430
money can work harder for them.

995
00:32:25,630 --> 00:32:27,010
Correct. They know how to leverage it.

996
00:32:27,100 --> 00:32:28,060
You're one of those people.

997
00:32:28,060 --> 00:32:29,080
I want you to do it all the time.

998
00:32:29,080 --> 00:32:30,280
You know how to leverage your money.

999
00:32:30,430 --> 00:32:33,850
I was telling my husband about your home and the rental

1000
00:32:33,850 --> 00:32:35,530
home and the way you do things.

1001
00:32:35,530 --> 00:32:36,100
And I was like,

1002
00:32:36,100 --> 00:32:39,310
she's really good at managing complexity.

1003
00:32:39,620 --> 00:32:42,740
But she also leverages her money in a very wise way

1004
00:32:42,740 --> 00:32:44,270
where I poured it.

1005
00:32:44,300 --> 00:32:45,530
I stopped everything.

1006
00:32:45,770 --> 00:32:46,670
I stopped Paula.

1007
00:32:46,700 --> 00:32:47,420
I save it.

1008
00:32:47,420 --> 00:32:48,950
So as you can see,

1009
00:32:48,950 --> 00:32:52,430
there are a plethora of issues and challenges that I am

1010
00:32:52,430 --> 00:32:58,190
navigating. Yeah,

1011
00:32:58,520 --> 00:32:59,570
no, that's good.

1012
00:32:59,780 --> 00:33:00,020
But I,

1013
00:33:00,020 --> 00:33:02,150
yeah, I think that it's an important step for you to

1014
00:33:02,150 --> 00:33:06,530
is changing your outlook on what it means to shake alone.

1015
00:33:06,740 --> 00:33:07,070
You know,

1016
00:33:07,070 --> 00:33:10,700
like I know you're big on paying off your mortgage early,

1017
00:33:11,060 --> 00:33:11,540
but you know,

1018
00:33:11,540 --> 00:33:18,290
we refinance this house November 20,

1019
00:33:18,350 --> 00:33:18,710
21, 20 20.

1020
00:33:18,710 --> 00:33:19,190
I don't know,

1021
00:33:19,190 --> 00:33:19,850
sometime in the past year,

1022
00:33:19,850 --> 00:33:20,090
year and a half.

1023
00:33:20,870 --> 00:33:22,760
And it's 2.37,

1024
00:33:22,760 --> 00:33:27,890
five. Like I will not be paying a penny of that

1025
00:33:27,890 --> 00:33:31,040
off early because there is no way I will ever find

1026
00:33:31,040 --> 00:33:33,230
income for that inexpensive again.

1027
00:33:33,470 --> 00:33:35,570
Now the money that I'm saving by not paying it off

1028
00:33:35,600 --> 00:33:36,740
early, I'm not going to go like,

1029
00:33:36,740 --> 00:33:37,160
you know,

1030
00:33:37,670 --> 00:33:39,800
blow on like fancy chocolate or something.

1031
00:33:41,060 --> 00:33:42,050
It's usually a bad thing.

1032
00:33:42,230 --> 00:33:45,290
Like I will actually use that extra money to invest in

1033
00:33:45,290 --> 00:33:47,540
things like another rental home or you know,

1034
00:33:47,570 --> 00:33:49,010
retirement other investments.

1035
00:33:49,010 --> 00:33:51,440
So it's not just like saving that money to spend,

1036
00:33:51,800 --> 00:33:53,150
but you know,

1037
00:33:53,180 --> 00:33:56,540
it'll become easier I think is the interest rates go up

1038
00:33:56,840 --> 00:33:57,770
for you to maybe be like,

1039
00:33:58,010 --> 00:33:59,570
oh, I should leave that alone.

1040
00:33:59,570 --> 00:34:01,820
I don't need to just pay this down because that is

1041
00:34:01,820 --> 00:34:04,250
some cheap money that we buy cheap money.

1042
00:34:04,250 --> 00:34:05,120
Yes. Yes.

1043
00:34:05,120 --> 00:34:05,930
Very well said.

1044
00:34:06,320 --> 00:34:07,520
Yeah. Oh,

1045
00:34:07,580 --> 00:34:08,060
all right.

1046
00:34:08,150 --> 00:34:10,490
Well, I love talking about money with you.

1047
00:34:10,880 --> 00:34:13,400
I think our audience loves it.

1048
00:34:13,520 --> 00:34:14,180
You guys love it.

1049
00:34:14,240 --> 00:34:14,990
Let us know.

1050
00:34:14,990 --> 00:34:16,730
I would also love to know from you guys,

1051
00:34:16,730 --> 00:34:19,160
what you guys found impactful from this episode,

1052
00:34:19,550 --> 00:34:23,180
or if there is any big purchases that you have coming

1053
00:34:23,180 --> 00:34:25,160
up that you are super excited about.

1054
00:34:26,420 --> 00:34:27,350
And you know,

1055
00:34:27,380 --> 00:34:30,060
if you have a chicken chapel out there definitely tag Heather.

1056
00:34:31,430 --> 00:34:32,990
Cause those are her like hashtag goals.

1057
00:34:35,060 --> 00:34:35,390
All right.

1058
00:34:35,870 --> 00:34:37,250
We'll talk to you guys all soon.

1059
00:34:37,340 --> 00:34:40,070
Oh, [email protected]

1060
00:34:40,070 --> 00:34:41,390
on Instagram for you Heather,

1061
00:34:41,420 --> 00:34:41,980
correct? Yes.

1062
00:34:41,980 --> 00:34:47,300
Yes. Please follow me at Nicole Begley official for me would

1063
00:34:47,300 --> 00:34:49,640
love to hear from you guys talk to you soon.

1064
00:34:49,940 --> 00:34:50,450
Bye everybody.

1065
00:34:51,020 --> 00:34:53,240
Thanks for listening to the hair of the dog podcast.

1066
00:34:53,270 --> 00:34:55,670
This was episode number 157.

1067
00:34:55,940 --> 00:34:57,800
If you want to check out the show notes for access

1068
00:34:57,800 --> 00:34:59,600
to any of the resources that we mentioned,

1069
00:34:59,840 --> 00:35:04,250
simply go to www.hairofthedogacademy.com/

1070
00:35:04,250 --> 00:35:08,170
1 5 7.

1071
00:35:08,170 --> 00:35:11,920
Thanks for listening to this episode of hair of the dog

1072
00:35:11,920 --> 00:35:13,600
podcast. If you enjoyed this show,

1073
00:35:13,600 --> 00:35:14,890
please take a minute to leave a review.

1074
00:35:15,070 --> 00:35:15,970
And while you're there,

1075
00:35:16,120 --> 00:35:17,470
don't forget to subscribe.

1076
00:35:17,530 --> 00:35:19,780
So you don't miss our upcoming episodes.

1077
00:35:20,260 --> 00:35:21,010
One last thing,

1078
00:35:21,400 --> 00:35:24,070
if you are ready to dive into more resources,

1079
00:35:24,340 --> 00:35:27,940
head over to our [email protected]

1080
00:35:27,940 --> 00:35:28,750
of the dog account.