EP 22 Practical Financial Tips

Ceciliapodcast

 

 

Working energetically with money is imperative but it’s also important to make sure we are taking care of our day-to-day money matters.  

Have you got things set up for you in a way that is saving you the most amount of money? Is there a way that you can structure things so that you end up paying less interest? Do you have the right bank accounts? 

It’s sometimes easy for some people to lose their sense of power when it comes to financial situations so in this show we talk about some practical financial tips.  

You want to know what you want, your goals, your intentions, and your numbers. In this podcast episode, Rebecca will share with you what she learned from her 13 years in the banking industry.  

DISCLAIMER: This is Rebecca’s personal opinion from her time in banking. She is not a registered financial advisor so please take this into consideration while listening to the podcast.  

Rebecca Davison is an intuition coach and is the founder of The Intuitive Life Academy. She helps people activate their intuition so that they can move beyond fear into freedom, pleasure, and abundance. She is passionate about people learning how to listen to their inner guidance to be able to create a life that they really love.   

In this episode, Rebecca shares with us some practical tips in handling financial concerns. She talks about financial check-ups, credit cards, and interest rates, and how to make sure you’re getting a good deal from your bank.  

What you will learn from this episode: 

  • Discover how important it is for you to check and know your numbers regularly; 
  • Understand why credit cards are both wonderful and can be destructive to your future.   
  • Find out what you can do to be better at handling your finances 

“If you’re just focused on making money, that’s not sustainable in terms of motivation, enthusiasm, and excitement. It can’t be about the money; it has to be a greater purpose and cause than just money. You will never experience fulfillment or satisfaction from just wanting to make money. You need to make your vision bigger than that.” 

– Rebecca Davison 

Valuable Free Resource: 

Rebecca Davison’s Tips on How You Can Be More Effective in Dealing with 

the Financial Aspect of Life and Abundance 

  • You’d want to know your numbers. Do a regular financial check-up. 
  • Make sure that you are talking to your financial institutions on a regular basis. Do it at least once every six months. 
  • If you have debts, pay as much as you can comfortably afford and make sure you’re increasing your payments every year. Do it on a consistent basis. If you have a big credit card debt, speak to your bank about consolidating your debt position. 
  • If you have big plans – like buying a house – keep your credit card limit low. If you haven’t got a home loan, make sure you’re shopping around for a personal loan that is lower than the credit card interest. 
  • Make sure that you feel comfortable with the service that you receive. You’d want to trust your financial advisors and be able to ask them questions. Make sure that you’re getting the best deal. 
  • Get to know your own risk profile so you can feel comfortable with investing 
  • Look at yourself and learn. What is your level of financial literacy?  Ask your accountant for training or any information that may be beneficial for you. 

Topics Covered: 

00:57 – In the Bank: Rebecca talks about her banking experience and highlights the importance of a regular financial check-up and the reason why talking to your financial institutions on a regular basis is a must

05:51 – Pay It Off: The discussion about people’s situations of having debt, what to do about your credit cards, and looking at the interest rates. 

16:35 – A Review: Rebecca goes back to repeat the tips she’s given as she explains why you shouldn’t be afraid to shop around among banks

18:56 – Good Service: Rebecca stresses how necessary it is for you to feel comfortable in the service that you receive. Also, she mentions things she’s learned in relation to solicitors, conveyancing, and levels of understanding.  

28:11 – Let’s Invest: Rebecca talks about investing, why it pays to learn about it, and its connection to your own risk profile, and what you truly want in getting your money to work with you in alignment with your lifestyle. 

33:58 – Your Reflection: Thinking about yourself as you get to dive deeper becoming financially literate and Rebecca’s take on bitcoin and other sorts of digital currency

37:19 – Quick Review: Rebecca recalls what has been covered in this episode and encourages job holders to have a side hustle. 

43:10 – The Reminders: Rebecca ends this episode with her reminders as she summarizes everything she’s talked about. 

Key Takeaways: 

“It’s good to know your numbers. It’s good to have clarity. If you want your numbers to grow, you’d want to know what they are in the first instance.” – Rebecca Davison 

“It’s important to be aware too, of paying attention to what the interest rates are doing so you can secure the lowest possible interest rate for the longest period of time while knowing what your own circumstances and what your own intention is.” – Rebecca Davison 

“From a bank’s perspective, if you’re a client who’s got a large home loan and you’re looking to buy another property, that is a highly-valued client. Get them to behave accordingly. They should be giving you discounts on your interest rates on your home loan. Be the person who is owning the fact that your business has value. They should be giving you free accounts. They should be giving you free transactions. They should be giving you group discounts if you’ve got your insurances with the bank. Make sure that you’re asking for that. Use the leverage that you have. No bank wants to lose business.” – Rebecca Davison 

“When the credit card company sends you a thing that says, ‘hey, would you like to increase your credit card limit?’ say no.” – Rebecca Davison 

“Make sure you find trusted financial advisors who are humble enough that it doesn’t matter what you ask them for clarity – that they will tell you and they won’t make you feel judged or ashamed that you’re asking this question.” – Rebecca Davison 

“Do not hesitate. If you feel like something is off with the person or a situation, don’t be afraid to ask questions to gain clarity and make decisions accordingly. If you feel like someone has not got your back, change them out.” – Rebecca Davison 

“In terms of looking for your financial situation, if you’ll just have a job, I would always encourage people to create a side hustle. You need portals to be able to create more wealth.” – Rebecca Davison 

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Your intuition is the KEY to having and creating a magnificent life. All the answers to what serves YOU best are inside of you so join us to activate this amazing gift you have ready and waiting for you!  

Ready to Live a Life of Abundance?  

Schedule a Clarity Call with Rebecca Now: Book Here  

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