Stand Up for Your Financial Self
Lesson 6 from: FAST CLASS: How to Plan Your Financial FutureErin Lowry/Broke Millennial
Stand Up for Your Financial Self
Lesson 6 from: FAST CLASS: How to Plan Your Financial FutureErin Lowry/Broke Millennial
Lesson Info
6. Stand Up for Your Financial Self
Lessons
Class Introduction
02:04 2The Getting Financially Naked Playbook
10:05 3Financial Red Flags
02:51 4When and Where to Turn for Help
01:53 5Talking Money with Your Friends
04:58 6Stand Up for Your Financial Self
02:03 7Picking Financial Products and a Planner
03:57 8Ditching Bank Fees
03:52What You Should Expect from Your Bank Accounts
04:42 10Everything You Need to Know About Credit Cards
11:45 11Am I Ready to Hire a Financial Planner?
10:48 12Planning for Retirement
08:23 13Retirement Accounts
07:27 14Basic Investing Concepts
05:06 15Self Employed Retirement Planning
02:59 16Setting Up Your Retirement Account
04:07 17What Happens to 401(K) When You Leave Your Job
02:58 18Motivating Yourself to Save
03:47Lesson Info
Stand Up for Your Financial Self
now standing up for your financial self. This is really the hard part of this whole conversation because it all sounds great in theory, until we're actually faced in a situation where we are at somebody's birthday dinner at a very overpriced mexican restaurant and you know, no one else other than the birthday girl and the check comes around to you And you're making $23,000 a year and it's telling you that you have to pay $80 when all you had was a quesadilla and no apps and no alcohol. Maybe you're not, that's related to a true story of my life experience, but we've all been in these kind of situations and then you're feeling like, well if I push back and say that I don't want to pay this, they're gonna judge me, they're gonna think I'm cheap, they're gonna think that I didn't want to be here, they're gonna, you know, whatever version that you concoct in your head. But one of the things you can do is just straight up be forthright. This is preemptively, this is not the end of the dinne...
r trying to talk about splitting the bill evenly, but talk about what you value what you do or don't want to spend in certain areas. Another thing I recommend doing here, especially for situations like birthday dinners or anything like that where you could kind of come in and come out of the situation. A great way to offer an alternative solution is to say I will meet you before for drinks, I'll come grab a drink with everyone. I'm going to head out for the actual dinner or on the flip side after you guys wrap up, let me know, I'd love to come grab dessert or a drink with you. So you're still engaging your still investing, but financially not on the same level as perhaps everybody else. So you kind of start to come up with your own creative solutions to these problems. The other thing to remember is that your money should work as a tool for you and get you what you want. It's so easy to let other people spend our money, especially our friends and people that we love. So do try to make sure that you are keeping that in mind and you express your values to your friends, but make sure expressing it in a way that's not condemning their choices. It's not that you think that they're wrong, it's just that you value different things. And hopefully if you have a healthy friendship dynamic, they're going to understand that and they're gonna respect that boundary that you're setting as well.
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