Mastering Money Stress: Tips from Steve Sexton and Michael Gilmore
Episode Overview
Understanding the fundamentals of money and investing is key to achieving financial peace of mind Michael Gilmore shares simple and effective ways to lower money stress and develop a healthier relationship with money The concept of "MISSION" - Money, Income, Saving, Spending, Investing, Owning, and Now - serves as a pathway to financial understanding Mindfulness exercises and practices are introduced to help individuals develop a healthier relationship with money The episode offers valuable insights, practical tips, and thought-provoking discussions to empower you in your financial journey
The whole thing becomes much more straightforward. You see where you're going to go. You see where you want to go. You can even veer off the path occasionally. It doesn't matter. You take your own pathway because you know where it's going to go, but you understand what those steps are.
Ever felt like your finances are a constant source of stress? On this episode of the Saving with Steve show, host Steve Sexton is joined by Michael Gilmore, famously known as the $7 Millionaire, to tackle this very issue. With over two decades of experience in finance and his role as Research Director at Albizia Capital, Michael brings a wealth of knowledge to the table.
Together, they break down seven straightforward strategies to help you manage money-related stress and find financial peace. Michael introduces his unique 'MISSION' framework—Money, Income, Saving, Spending, Investing, Owning, and Now—which serves as a practical guide to understanding and improving your financial health. The episode also dives into the basics of investing and the importance of ongoing financial education. But it’s not all about numbers; Michael shares mindfulness exercises designed to help you cultivate a healthier relationship with your finances.
Whether you're struggling to make ends meet or just looking to refine your financial habits, this episode offers valuable insights and actionable tips. Perfect for anyone aiming to reduce financial stress and achieve a balanced, mindful approach to money management.