Updated: Apr 20, 2020
Happy Wednesday. It’s hump day and the third Wednesday for many who are confined to the four walls within their house thanks to the social distancing measures that are in place because of Coronavirus. To brighten up your day and this very dull time, we bringing you another interview, this time with Zero Time To Waste. For all things financial wellness and eliminating money stress, we really recommend following Zero Time To Waste and checking out some of the great resources they offer.
What is the mission of Zero Time to Waste?
Money is the biggest source of stress, and financial zen is an overlooked area of the wellness movement. I aim to inspire and guide people to step up financially and incorporate principles of financial wellness principles in their daily money routines.
Money difficulties and mental health issues are so interwoven, and money worries can lead to depression, anxiety, stress, sleep deprivation, social isolation and increased alcohol intake. I believe that educating people on simple personal finance management tools, and encouraging good habits, can make a bigger difference than massages and super-food.
What does financial freedom mean to you?
Having the confidence not to spend to impress others or based on FOMO. Financial freedom means alignment to spend and save in a way that brings peace and happiness.
What is the piece of money advice you wish you knew 2 years ago?
It’s not about how much you make, it's about how much you keep.
What’s the biggest money challenge/issue or learning you currently face?
Money is energy and it thrives when it flows loosely. Still, I can find it challenging to justify spending money on my business. This is because I enjoy seeing my money grow at a good rate, and it’s scary to take the leap and spend. This is mindset work that I constantly work on. Don’t get me wrong, saving is key, however, white-knuckling your money is not good energy.
What’s your first money memory?
I was four years old and my mum was in the process of buying her first car. Wanting to help, I emptied my piggy bank and walked over to her with about £2 in change and said: “Here you go, mum, get the car.” And she did.
What money habits did your parents practice? How did you feel about those habits?
I grew up with a mum in university and a dad in a band, so my early years were probably less financially stable! Yet, it was very happy days and my parents always prioritised great holidays and healthy food which laid a solid foundation for my values.
What drives your financial decision?
I follow a budget which allows me to save for what I want, yet gives room to spend based on my values. I spend very little on things and prioritise experiences with the people I love.
What area of money management do you wish you knew more about?
Investing in individual stocks is something I find super interesting. Yet, limiting beliefs about how time consuming it is has made me stick to index funds. It is on my plan for this year to educate myself on the topic and maybe dip a toe in if it feels right.
What is your favourite money tip?
Track your spending and make a budget! This is the one effort that will make the biggest impact on your finances.