EPISODE · Oct 8, 2021 · 54 MIN
Your Money Beliefs Were Set Before You Turned Seven
from Growing the Future · host Mandyy Thomas, Dan Aberhart
Mandyy Thomas managed her money well from the time she was a teenager. She had no debt, she was saving, she was investing, and by twenty six she had a quarter of a million dollars put away on a power engineer's salary.She also got sick. Badly enough that at twenty five she thought she had early onset Alzheimer's, and was carrying notebooks in her coveralls to remember how to do a safety sensitive job she used to find easy. The cause was not a disease. It was the money stress she had been carrying since childhood and had never told anyone about, because doing well financially made it feel unspeakable.That is where her work comes from. Thomas is a financial coach and farms with her husband's family, and her argument is that the numbers are only half of it.What's Inside- Why most of what you believe about money was set before you turned seven, and how to tell which beliefs are yours- The difference between savings buckets and an emergency fund, and why most people only have the one that keeps getting drained- Why the standard advice to save ten percent of your income is the wrong instruction- What happens to earnings when someone is quietly afraid of out earning their parents- Why she works on the numbers first and the beliefs second, after starting the other way round- The lightning round from ag Twitter, where much of the audience assumed she must have been given landWant to connect with Mandyy ? Intentionally Wealthy PodcastWebsiteInstagramTalk One-on-One with Mandyy for Free About Your Specific Financial Situation here Episode 23:How’s your family money paradigm affecting you? Episode 3: My one big tip for 2021 to get ahead financially Episode 2: How I saved $250,000 by 26 Connect with Growing the FutureWebsite: growingthefuture.caYouTube: Growing the FutureInstagram: @growingthefuturepodcastLinkedIn: Growing the FutureSubscribe to the Growing the Future Podcast wherever you listen, and register for Convergence Conference 2027 at convergence.ag. Register for the Convergence Conference at convergence.ag and stay updated by subscribing to the Growing the Future Podcast at growingthefuturepodcast.ca.
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What this episode covers
Mandyy Thomas is a financial coach who farms with her husband's family in southern Saskatchewan, and one of the first people to do financial coaching in Canada. She saved a quarter of a million dollars by twenty six on a power engineer's income and got seriously ill doing it, which is the reason she now works on money beliefs alongside cash flow. She explains why most financial beliefs are set before age seven, the practical difference between short term savings buckets and an emergency fund, why the standard ten percent savings rule misleads people, and what she sees in clients who are unconsciously afraid to out earn their parents. The second half is a lightning round of questions from ag Twitter, a good share of which assumed she had been given land.
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Your Money Beliefs Were Set Before You Turned Seven
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