Episode 9 - Money Matters With Alpha

podcast Oct 19, 2022
Do Divorce Right
Episode 9 - Money Matters With Alpha
35:57
 

The Do Divorce Right podcast is a new podcast dedicated to looking at the many different aspects of divorce,  interviews with women who have their own incredible divorce stories or those who can offer some great advice as you go through yours. Hosted by Becca Maxwell, a divorce coach and relational intelligence consultant, the focus here is to help you to find the strength and support to help you heal, feel lighter and in a better frame of mind to face the inevitable challenges of your divorce journey.

In this episode, Becca interviews Alpha from Money Made Simple who works with women to help them understand finances and the entire financial world. In addition to working with customers one-on-one, Alpha also conducts live events, workshops, and podcasts.

Listen to Alpha explains how to Identify your lifestyle vision to help you align your values and money, so you can become more financially empowered and confident.

You can find Alpha at www.money-madesimple.com.au

On Instagram at: @alphamoneymadesimple

 

Audio Transcript

Becca 

Welcome to the do divorce right podcast. I'm your host, Becca Maxwell. And I'm here to help you transition through your divorce with ease and integrity, to not only survive the challenges of your divorce, but to thrive as you come out the other side of it with a much better life than you ever hoped possible. On this show, we talk about many different aspects of divorce, interview women who have their own incredible divorce stories, or those who can offer some great advice as you go through yours. The focus here is to help you find the strength and support to help you feel lighter, happier, more positive, and then a better frame of mind to face the inevitable challenges of your current journey.

Becca 

All right, so today I'm here with alpha from money made simple. Alpha is a money and lifestyle coach who helps women to demystify finances and the whole financial world. She helps them align their financial priorities with personal values, and work towards ambitious goals. Alpha works with clients one on one, she runs courses, workshops, live events, and hosts a really great podcast and I'm going to share it in the show notes because I think everybody should listen to it. Alpha Welcome. Is there any way in which you would describe what you would do? How would you add to what I've just said? 

Alpha 

Oh, hi there. Becca. Hi, everyone. Um, you've done a really good job when you showed me what you're going to read. I was like, that's almost better than how I introduce myself.

Becca 

Welcome to borrow that.

Alpha 

I'm gonna hang on to it. Yeah, no, that's that pretty much sums it all up. Yeah, most of what I do is, is to try and count the neck. It's in the name really money made simple, is to try and make money simpler, less emotional, less overwhelming and easy to focus in process, especially when your value aligned.

Becca 

Let's talk about what led you there, then what was your background? And how did you come to be doing coaching? In this space? Yeah.

Alpha 

So this is it was a bit of a zigzag really. And I kind of when I finished high school, I had no idea what I wanted to do, like probably most of us. Anyone does. Yeah, no, and both my mother and grandmother were high school teachers. And I was determined to not go down that path. I was like, I don't want to be a teacher. Although I actually do love teaching, but I just didn't want to be a teacher in a school environment. And then I ended up kind of I studied international business and marketing because I thought, Oh, I love to travel. But I couldn't find a job in that area at all. I don't know, hundreds of CV's, it was quite soul destroying. Wow. Yeah, so this, this probably was the market at the time. So then I got to I'd done some vacation work with PWC or PricewaterhouseCoopers. They weren't back then. So my age. And so I thought, Oh, well, I'll do I'll do an accounting degree. So I did a Master of Professional Accounting. And then I ended up working in corporate tax. But I got a job with KPMG.

Becca

And super fun.

Alpha

Oh, yeah. So protects. Yeah, it was it was definitely not suited to my personality. And I quickly realized that just because you're good at something doesn't mean that you love it. Yeah, yeah. So I worked in that space for about six years. And then I then I am one of the things I love. And I've since discovered that one of my core values is creativity. And I was not able to utilize that in my career at all. So I was doing everything I possibly could outside of work. I was learning to make books, I was learning to cook, I was learning to garden that was learning to make jewelry, I was doing all sorts of things. Yeah. And I love writing. So I thought, Oh, well, I'll do a Advanced Diploma of Professional Writing. And I remember one night being at dinner with some friends. And I was so beyond frustrated. I was like, I just want to write, I want to be a writer. I have no idea how but I want to be a writer. And one of my friends at the dinner Dinner had spoken to another friend whose company was looking for a technical writer. Now, I had absolutely no idea what a technical writer was at that point. But I was I was so desperate to get text. And I thought I'll do it. Whatever it is, I'll do it. I'll figure it out. And because I'd have that advanced deployment behind me that kind of sort of demonstrated that I was serious about it. And I ended up working for a very small mining consultancy. And that just that just changed everything. I went overnight, I doubled my salary. I was now a contractor, I'd kind of started down the path of small business

Becca 

that you weren't working in finance anymore. So you Well,

Alpha 

this is the interesting when I started to do financial modeling, as well, because the technical writing part didn't actually last long once they realized what else I could do. So I then started working with clients trying to build financial models. And I know that sounds really boring, but at least when you're building something, there's something exciting about it because there was nothing there which allowed me to create which creativity. So yeah, so that so I went down that path and then because I was earning a bit more money, I then had some money to invest. And just because I like it I just because I had sort of a fight like accounting financial background, I still had no idea what to do with personal finances. So that then began another whole journey of learning about personal finance. I've got a financial planner, than I realized, he just put me in product. My mother had gone with the same financial planner, at the same time, he put her in the same product. And I started to question what was going on? Because it just doesn't feel right. 

Becca 

I'm paid to have the same priorities and have had the same solution to such different priorities. Yeah, that doesn't absolutely.

Alpha 

So it wasn't purpose built or personal at all. And so there was just some stuff that was happening. I was paying a lot in fees, when I asked for some performance report information, he couldn't provide it. So I started to get really curious about this whole financial planning thing. So I did the deployment or financial planning. And then I realized how much we don't get told. So I thought, well, I'm going to be a financial planner, then because everybody needs to know all this stuff. And so yeah, so but that's not really what financial planners do, which is how I'm gonna we were talking about that earlier. So I'll kind of there's a, there's a difference there, I realized there's a whole lot of education that has to happen before you even get to that point. Because you don't understand the terminology, the concept of debt, good debt, bad debt, to make more money, how do you start a business, all these things that kind of go with just money in general, that we don't sort of look at. So I started down that path, and I ended up helping friends. And funnily enough, the first friend I helped, the reason she wanted to sort of get help with our finances was because she was looking to leave her husband. So that's, and that's sort of become a bit of a theme. It's not always the reason people come to me, but there's quite often some unhappiness in a relationship that kind of triggers the need to get their finances in order. Anyway, that's a very long, definitely asking more about that. Yeah. So that's, that's sort of how I came to be doing this. Because I thought I just I became a lot more passionate about making sure people knew this stuff. I felt like screaming it from the top of a mountain, hey, we need to know this. We don't get taught this. And you can end up getting a financial planner like I did, who I feel now, like he took advantage out, he didn't obviously see,

Becca 

I'm still I'm still locked into like 20 year plans that I signed up to, what, 1012 years ago that I can't get out of still paying fees on I just have to make my peace with the like, yeah, kind of get out of that. Yes, I definitely hold some resentment to bad financial advisors who are just, you know, what do you call it churning out their products, just sell, sell, sell?

Alpha 

Yeah, and there's money and keeping people ignorant. Whereas I want to help empower women to step outside of that and go, it doesn't have to be that complicated. You can do it. And there's certain things that you don't have to like, we look at finances as this whole big thing. It doesn't actually you don't have to do all the big things, you know, what you need at that given moment? And step by step, go from there.

Becca 

Let's tell me then what, in what ways are you different to a financial advisor.

Alpha 

So I help women manage their finances, from sort of the base level in a way so how look at how to increase your income. So in a way, I suppose, at its most simplest level, I'm a precursor to financial planners, presuming you get a good one who's not just going to sell you product, like a proper proper financial planner or advisor will help with estate planning. And that the package all asset creation, asset, crush, asset, protection, all of that, so I help get women ready for that next step. Yeah. So that's beautiful. That's my main difference.

Becca 

Okay, wonderful. And as far as I can tell, you focus very much on women as clients, Is that intentional? Or is that just organically become the way.

Alpha 

it's kind of become the way because I, when I started this, I was like, everybody needs to know her. So I started to like, I started to create content for everybody. And to be honest, the clients that were coming to or women and primarily moms actually, and the men anytime I would talk to them, they you know, they'd be a little bit curious. So they'd ask a question. And then the next thing was always so what do you think about crypto like, oh, no, that's I do. That's not what I'm about money, education, financial literacy. This isn't just about investing in cryptocurrencies and NFT’s is that it's so much bigger than that. So I found my message was getting lost with with men and what they thought they wanted. So it's kind of ended up and to be honest, being a woman who's been on this journey, who also has a daughter, I I also love the things that women do what men tend to look for themselves when they look for education. Women tend to look for themselves but motivated by things Emily and children and bettering the world too.

Becca 

Yeah, women do so much better with money than men do, isn't it? Like, I don't mean to say that we're better at earning it or creating it or investing it not necessarily, although there have been incredible studies that say women investors are better than male investors, mostly because we don't react as quickly we kind of stay the course of those studies. But women do tend to benefit a broader community of people. Yes, we look after our family, but then we'll also the more wealth we create, the more likely we are to share that on and in, you know, empower other people with that money. So that's so great, then that you're supporting more women to make more money. I love it. As you know, I work with women who are separating or divorcing, they're at different stages of this. And there is a lot of fear around the discussions we have on money. So we do brainstorming around well, how could you earn more, we certainly talk about tracking and being really kind of mind neatly focused on what money is coming in, what's what's going out. But there is a lot of fear and worry and concern. What kind of advice would you have for somebody when they come to you in that? Sometimes it's a panic. So in that state of, you know, I'm scared, I'm not sure that my life will ever be better independently than it is in this unit. And there's a lot of fear, is there any advice to give around that?

Alpha 

It's, it's, I suppose the because it is very individual to the person and the values that they have. But overarching, the first thing I would always say is just breathe. Yeah, just take a breath, be in the moment and have hope that things will improve, and that you can do it incrementally. So like I said before, it's not taking in everything all at once. It's taking one chunk and going okay, what do I want to get better at right now? Do I need more income? Okay, let me just focus on that. Put everything else to the side for now and focus on the income aspect. And there's certain things here whether you, you know, I mean, there's the whole concept of selling stuff, well, that's fine. Does that. But then there's earning extra money, can I turn a hobby into some extra cash? And things like that? So it's worth or it might be what we talked about as well? Yeah. So it could be the spending aspect, okay, I need to go review my expenses. Let's look at the credit card statement. And go, how many how many streaming services? Do I have? To do? Yeah,

Becca 

well, what can we little, little

Alpha 

by little and focus on just one one thing at a time. And then once you've done that focus on the next thing, so it's you, there are things you can do in parallel. But when you're in a panicked heightened state of anxiety mode, that just becomes too hard to multitask. So I would say focus on one thing, and just get that done, whether it's

Becca 

debt reduction, or even just collecting the information about your position. And often that's the first the first thing a lot of women I speak to don't necessarily know, their situation. So, and that could be in multiple ways it could be like in in joint assets, but also just don't necessarily know how much it costs for them to support themselves, because they haven't divided out. But what says this actually cost just for me, or just the me and the children. So I love that just focus on one thing first, and then incrementally grow your education and then support it off. Yeah. It's a bit like, you know, should the priority be debt reduction? Should it be creating some savings so that you've got choices?

Alpha 

I would, I would honestly say the savings aspect would be the first thing I would focus on primarily, partly because, yeah, well debt reduction, because also making sure that savings because I've worked with women who all of their finances are intertwined with their with their partner or their husband, they need to have independent money. So they need to have their own bank account, that would probably be one of the things I would always say to start with is also debt. Because you want it you want to start being less visible, as well. So making sure that the transactions and things that you're doing money, you're saving money you have, you don't want it to be visible. That's not saying you're trying to hide it, you just don't want it to be visible right now. It'll come out eventually. And that way, you can have a little bit more confidence that you've got control, because one of the things that happens through this process is the feeling of out of control. It's just escalates. And that's something that you would know far more about than I would but that's that's usually where I've started with clients is at least just have your own bank account.

Becca 

My parents were married for how old am I? Okay, about so 50 ish years. I'm not 50 But they've been married for about that time. And my mom, even in the month before my dad passed away, even spoke about then having her run away money, she always had, like a private little bank account with her, by the way, money and spend it on girls weekends away, or whatever she needed. But absolutely, there's there's a pile of money we should have for ourselves that we get to do with whatever we want, no matter our joint arrangements. So I think that's really important. And people do need, definitely need to hear that. You mentioned a little bit, we've touched on a little bit about values. But I know that that's a big, big part of what you do. So could you tell me a little bit more about the work that you do to help women to find their values and how that might play out in the way their finances are arranged and organized? And how how different that can look? 

Alpha 

Yeah, so values are, it's interesting, when I first started, I didn't, I didn't kind of bring the values to the forefront, because I thought people would get a little bit freaked out and they go, it's a bit woo-woo,

Becca 

it's a bit woo-woo. I love that.

Alpha 

But then I thought, You know what I am woo-woo I'm very much feet on the ground. But I have that aspect to myself as well. And I thought that has to come out because it is really, really important. So it's the first thing I do. Before I work with anyone. We look at values. And even when people say to me, I know what my values are, or I know what I value. I was like, well, let's let's at least revisit it and let's get what they are and how they play out in your world. Because yes, they they're sorry just on that.

Becca 

So when you say you revisit them, I find it really important as well, because who you were, and who you are and who you're about to be, especially as you get to make new decisions for yourself and your family. And they're very, very different, I think it is almost an influx situation, we talk about getting to five to six, five to eight core values, three of which will probably never, ever change. And some of those either, you know, some of those on the periphery will have priorities and come and go.

Alpha 

Yeah, that's it. So I work with three core values, and then we start with a bigger list, and then we sort of discern it down. And it's very much a case of yes, those ones generally don't change. But it also depends on on the journey of getting to know ourselves as well. Because if we've been in a in a, depending on how we've grown up, we've been, you know, part of our family, our parents are home, then we might move into young adulthood. And if we're in relationships, for a lot of that, then we're part of a relationship. And so our personal identity, quite often doesn't have a chance to really be invested or developed or not even developed, to become known. So. So it's an important first step to look at that. And in terms of how it plays out with making decisions about money. When I look back at going down the path of a financial planner, I didn't know what my core values were back then. But when I found out their work, creativity was one control and discernment is another. So when I look at all three of them, I think, oh my gosh, like the financial planner, in particular, their chosen, tick none of those boxes, right? So I need to be able to have a certain level of control and to be to have discernment. I want all the information so that I can discern out of that what I think is relevant for me. And from that I like to have a little bit of flexibility with things. Creativity is important to me. So I like to be able to create I don't want just like a done, the whole thing is like done for you solutions doesn't work for me like recipes, I will I cannot follow a recipe. I use them as you know, suggestions. Whereas a friend of mine, she's like, Oh my god, like I'm getting the teaspoon out. And I'm laying all the I'm just flattening it. And I'm your friend.

Becca 

Just tell me what to do in the kitchen. I can I can read I can't cook. So I can create something wonderful with the directions but don't ask me to throw something together.

Alpha 

Yeah, so yeah, so it's so I look at it and it plays out everything. So I'm just using cooking as an example, financial with the financial advisor I had, I was like that just didn't work for me. Now I know my values, I would never go down that path. So I like to have it so I did all this research, I researched so many funds. And that's not to say that I do individual share trading. I actually look more EFT is too much detail on that. But yeah, I don't want to overwhelm your listeners. So but I researched them. And I like I like to be able to make my decision. So if if you valued like for instance I saw one of your core values is adventure, you need to be able to kind of make it around the fact that you want to be able to draw down on whatever your your finances are at a moment's notice. Because you might find this is really cool, like, you know,

Becca 

do to either invest in something weird and wacky or go off and experience something incredible. 

Alpha 

So you need to structure your finances around things to be a bit more liquid so that you can sell them to be able to you know either invest in a program or invest in a in a holiday or some sort of other experience. So this is where understanding what your values are. And then if you feel locked into something like that, would you I can I can't, I cannot understand how you would feel so constrained by having this 20 year thing that you're locked into, because that just doesn't align with your value of adventure. It's, it's helping them women understand. And then you look at your expenses. And we tend to try and buy our way out of things or into things. So you'll look at, you know, you're trying to buy something to make us feel fulfilled. And then when you look at your value, like, I was trying to kind of get there, but it wasn't doing it quite the right way. Because it didn't really know what my value was, I hadn't really defined it or put a label or word around it to really know what it was. So that's, there's some examples of how like, for instance, if you're, if you're very structured, if a structure, for example, is a core value, then you need to make sure that all your finances are very structured. And you might need spreadsheets, even if you don't like building them, you might need to at least have someone help you to build one, and then you can just manage it. And then you'll start to feel a sense of calm because there's structure around your work. Yeah, there it really I find it, it shapes the whole thing. So to not start with that makes the rest so difficult, which is like going on a diet and they don't stick because you don't know why you're doing it, and how it links to who you are as a person.

Becca 

So even though you might have the specific goal, so I'm just trying to play this out a little bit, let's say, Well, you and I are quite different humans different values, we both have the same goal in mind, because of our values, the way in which we would get there would be quite different.

Alpha 

Yes, yep. So you can still you can still have the same goal. I mean, you can like you might be on say, Oh, my goal is to retire at the age of 55. But how you would go about it is quite different. And then also the other thing that plays into this as your risk profile, because obviously to get to anywhere, to build wealth, you need to invest. And if you want to invest, then you know have to know what your risk profile is. So you need to be able to work within that aligned to your values. But yes, you can absolutely have the same goal. But you'll come at it quite differently.

Becca 

Yeah, yeah. Okay, so you've just mentioned now about your values help you buy into and buy out of things, or they drive you to buy into things or buy out of things? I'm not quite sure I understood that. Can you explain that a little bit more.

Alpha 

So it's this is before you know what your values are. So this is where there's a certain randomness that happens. So just as an example, if, like, in my case of control, or creativity is part so I'll go and I'll buy all these courses to help me learn how to do creative things. But they're still not really so fulfilling me because I have spent money that I didn't really need to spend and be, I think they're going to fulfill something in me, but they don't really because I don't have a clear connection to my values to know what they're meant to do. So you know, you buy stuff, and it just sits there.

Becca 

It's lame, because it's not working towards your goal. Yes, using your values to get towards your goal. 

Alpha 

Yeah, that's it. So that's more when there's a lack of awareness and focus. And then you just and then you can you can spend money willy nilly without really having an idea what it's for why you do it, and then you're like, Oh, but I still feel crap now, because I've spent all this money and I've got this thing, but I don't really need.

Becca 

Yeah, you know, I shared with you about my, one of my values being adventure. And because that's true, I've been able to swim with whale sharks in the Philippines and dive in the Komodo National Park and, you know, run away from Komodo dragons. We've done leopard and elephant Safaris in Sri Lanka, this is my partner, our blended family, right? So this, there's six of us. But I'm the sole breadwinner for the family. So that's a financial constraint, like we were to think how much does it cost to take six of you to do an average like not ever going to Sri Lankan Safari, it becomes quite obscene. But because adventure is so important, I've made that a priority. And coming up with creative ideas to make sure we can afford it has been part of the adventure to write. So we've even like Airbnb our home in order to get income so that we can use that as holiday spending money. You know, we've, we've come up as a family, we want to go up and do these creative things. I make sure we do. And I get them to buy into the fact that how are we going to get that? How are we going to make this work? Without it being a huge pressure?

Alpha 

Yeah. And that's whenever somebody says to me, Oh, I can't afford it. I'm like, no, no, you don't want to,

Becca 

yeah, you can afford anything, you just can't afford everything. 

Alpha 

That's it, we'll always make the money or make the money available for things that we really want. And not always do it in the right way either. So get into into debt, but doing it in a way where you're aware of what you're doing and why then you can start to get a little bit smarter about how you make your lives like financial decisions because you know, they're valuable lines. And you know, that will fill you up to do something else elsewhere in your world that generate money or reduce spending. So it really depends or build wealth as well because you never know you might have some great ideas or meet some amazing people on these adventures. path.

Becca 

I feel like maybe I'm being a bit unfair talking about all these wonderful adventures that I've had. But just to be very clear, it has not been easy. You know, I have, like I say, been the sole breadwinner for the family, I am supporting parents and children and running multiple jobs. And it hasn't been easy. It's not that I'm just swinging off to Sri Lanka. But some of the women I speak to are we mentioned about fear earlier, and worry and concern about splitting from their partner. I also face we talk a lot about forgiveness. And the way in which I talk about forgiveness is forgiveness of behaviors and emotions and the the events that led us to where we are, but I can imagine that there's a lot of space in that in the finance, do you talk to your clients much about forgiveness?

Alpha 

Yes, yes, it's, it tends to show up as shame. And that word often gets gets used quite a lot. And then guilt is the behavior that you kind of witness as a result. And yes, forgiving oneself is a big part of that for past financial mistakes, because there's always the the individual, so there's the woman herself, then there's the partner, and then there's the mother. And then you know, quite often now it's very common, like you said, to be part of what they're called the sandwich generation where you're caring for, yeah, older parents and young children as well. And that that's, that's such a pressure and the responsibility is huge. So there's, there's a forgiveness at a financial level, and at a human level, but financially, it's, it's very much kind of going, you know, what I've made, and I've heard some pretty incredible things that that people have spent their money on, they're like, Oh, I'm so ashamed I did that. I can't believe now looking back that I did. But you can move beyond it. And forgiveness is that first step, and then having the sort of the pragmatic steps to kind of almost remove the emotion from it to a certain extent, you know, what, it's a, it's a thing. It's on your historical timeline. So it's trying to remove yourself from the action itself and the emotion that goes with it, to then go, Okay, it's happened. Let's just move forward.

Becca 

Yeah, let's be aware of that, and not judge ourselves for it anymore. The person that made that decision at the time, made it for the reasons that they made it for you, or not necessarily that person, you're not going to make that decision again, let's allow ourselves to forgive her. 

Alpha 

And we all do the best we can with what the resources we have and the knowledge we have and the intentions we have in that given moment. We're not all sitting about trying to stuff up our lives on a daily basis.

Becca 

No. Often we're not aware of what we don't know. I mean, I was in my 30s, when I started understanding nutrition. The only reason I started to understand, understand or even explore or try and learn about nutrition was because I had a baby to feed. And I wanted to know, what was the right thing to do. And why not do it.

Alpha 

Because they're motivated to buy something else. And we'll do things for our kids that we'll never do for ourselves. And I'm like this, and hopefully learning about money.

Becca 

 And let me ask you, if you think it's ever too late, then to start with the fundamentals. And

Alpha 

it's never too late. I mean, obviously with with money, there is a certain compounding effect. And obviously, the earlier you start, the easier it will be. But that doesn't mean it's not possible. Because when you look at the kind of like the fundamentals of money is earn more than you spend. If you can find something to do to earn more money, you can do that at any time of life. Like my mother is nearly 80 And she's looking at starting at Yo, she retired had some time, then she's like, oh, I want to start something again. So she's looking at that age to start. So from that perspective, it's never too late. It's it's our own minds that create the barriers and the boundaries. When it comes to saving and investing in, you know, obviously, the later you start in life, the harder it'll be a little bit. But if you don't start at all, it'll be even worse. 

Becca 

So there's the analogy, isn't there? When's the best time to plant the apple tree? 10 years ago? When's the second best time today?

Alpha 

Yes, that's it. So whenever people ask if we get stuck in inertia, I mean, I started this journey, my personal journey in this space about 10 years ago. And I look at it now. And I think, oh my god, if I had if I started it now, it would have felt a lot harder. But it's better to start than not start at all. So that's it's a bit of a roundabout answer to your question, but I personally never believe it's too late.

Becca 

No, agreed. I don't either. And even though as you say the compounding effect of the investments are improved over time, there's still a positive impact. There's still a positive effect of the investments no matter when you stop Yeah, that's it till built. Yeah. And what kind of advice and conversations do you have about women who are in the position of you mentioned earlier, you speak to a couple of women who are about to leave their marriage. And you've said that values is the beginning of any conversation with your clients. But where might that go from there just thinking about my listeners who perhaps aren't quite ready to leave, what would those beginning conversations look like at that beginning advice look like for you.

Becca 

So like I said, it starts starts with the values, and then we look at sort of securing funds, and like you said, also gathering knowledge. So it's an it's not, this isn't a race, either, it's very much trying to do it in a, as I'm gonna, it's hard to do it in a little emotionally attached to the the outcome as possible, because all you can see is the next step. You never know how it's going to end or how it's going to go. So one step at a time, look at making sure you have your own bank account, looking, making sure that you understand where the money is going. Having a look at what assets are owned, by whom, what depth. So that's where the knowledge gathering, even making sure and I know this sounds really terrible, that you know where your passport is, and where your birth certificate and your marriage, they're like, where your personal identity documents where your children's documents are. And just in case, I mean, it's not to say you're gonna flee the country or anything, but just to make sure because they're the documents that are required to prove our identity. And you don't want anyone to have control over those except yourself. Having a look at what your estate planning currently looks like, Do you have a will who was currently your executor and your beneficiaries, if you have an advanced health directive,

Becca 

that you're suggesting anybody changes that at this point, but again, it's all just information gathering.

Alpha 

Yes, that's it. So we're not there's, there's no, the only the only action I would say to start with is to make sure you have your own bank account, with your own money in there. And also to review your spending. So you whatever you can physically control, like you control how much you spend, and then looking to make sure that you have some finances that are in just your name, and then look at where everything else is, and what are in these documents, just so that you're informed. Because like I said, ignorance keeps people from getting to where they want to go. And this is all about informing yourself. And then little by little, and it depends what you find out in that process. Like I've, I've had clients who've gone down the whole path of, they've got themselves all sorted, they've gathered all this information, they've chucked it on a job, they've scanned all these documents, put them on a Dropbox that they had just in their name. And once they felt and in the process, I also found that that there, one client found her her husband had a property in the UK, which she didn't know about, wow. Which was just in his name. So she scanned all these documents and put them on this dropbox. And once she got herself sorted financially, she's like, Oh, I feel like I need to leave the marriage now. So now they then work on the marriage because she felt comfortable. She was more independent. Whereas I've had other clients who've gone down the path of like, oh, yeah, I'm just ready. I'm just ready. I'm just gonna get my ducks in a row. I need to sort out myself, get myself a bit more financially independent. And again, build that knowledge. And then off they go. And then starts the emotional and financial rollercoaster the financial stuff you can start to set up before things happen. The emotional side is...

Becca 

that's where I come in. Yes, yeah. To help people. Yeah, yeah. Alpha, tell me about how people can work with you, and what's the best way to find you?

Alpha 

Okay, so I so my website is www.money-madesimple.com.au

Becca 

Make sure within our show notes,

Alpha 

yes. And then Instagram, alpha money made simple. I do. So on my website, it lists everything that I do one on one coaching. And I do a program to start with just purely because you can't get everything done in one session. So I do, I do have a coaching program. I have an online course which I'm about to relaunch, because I've spent a bit of time rejigging it, updating it, making it a little easier to digest than it was before and much more targeted towards women.

Becca 

And when is that launching alpha, you got the dates in mind.

Alpha 

At the moment, I'm hoping to launch towards the end of October. So plan that process and then start

Becca 

off our this episode should be coming out on the 25th of October. So if anyone's listening I hope you've still got time to join alphas course. We will have I will have just launched my course so doors will be closed for that and I'll be taking some awesome women through eight weeks of divorce resilience. So between now and Christmas, how can they be the most resilient and stable they can possibly be as They navigate, you know, the eight weeks up to Christmas.

Alpha 

Yes, Christmas is a difficult time and financially there's always pressure to buy things sure presents and I've I've kind of with my daughter now we're very much about we try to make presents. So we make bath bombs together and we make soaps and we try to make presents rather than buy things. That is gorgeous try and, and it gives us something to do together as well. So yeah, that's really nice, gorgeous album.

Becca 

Thank you so much for coming on. I'm going to share all of your contact details in the show notes. Let's do an Instagram live so people can see us chatting again when the podcast episode comes out. So thanks.

Becca 

Thanks for listening. I hope you took something of value out of this episode. I'm your host, Becca Maxwell. And you can find me on the web at dude divorce rate.com or on Instagram at do divorce. Right. I look forward to connecting with you there.

SUBSCRIBE NOW
SUBSCRIBE NOW

Stay connected with news and updates!

Join our mailing list to receive the latest news and updates from our team.
Don't worry, your information will not be shared.

We hate SPAM. We will never sell your information, for any reason.