OUTLINE
0:00 Welcome & Introduction to The Erin Davis Show
0:30 Why Automating Savings is a Game-Changer
2:25 Creating Systems That Take You Out of the Equation
4:40 The Power of Consistency: Small Steps for Big Results
7:05 Overcoming Money Stories & Emotional Barriers
9:15 Tips for Setting Up Easy, Sustainable Automations
11:40 How the Grounded Rich Girl Programme Can Help
13:00 Final Tips – Take One Small Action Today!
14:00 Wrap Up & Where to Learn More
THE ERIN DAVIS SHOW
Welcome to the Erin Davis show. I am your host, Erin. I am a money mindset and grounded rich girl coach. I'm also an accountant, so I have lots of experience talking to women about how to manage their money and how to grow their business, how to look after their money and also to make them feel safe and secure in the long term.
So this week, we are talking about automating your savings like in that rich girl way. And I think it is so important that we really take a look at what those rich girl rituals that we need to do in order to set ourselves up. It's easy to get caught up in the day today, and if you're anything like me, one day rolls into the next, and before you know it, a whole month is gone, or the whole year is gone, all of a sudden it's Christmas again. I just don't know how that happens quite so quickly, but it seems so I think we really need to look at what are the systems and processes that we can put in place in order to automate as much as possible. When we get in the way and we start to overthink and we start to procrastinate, we can really stall our process of getting good with money. And so I want you to think about what are the things that you can do that take you out of the picture? How do you automate your savings? How do you as soon as money comes into your account, what do you do with it so that you don't have to think about it? Because I know that when you create the strategy and you create systems, it allows for so much flow and creativity to happen, because you don't have that heaviness and that weight worrying about everything else that's going on, and you can actually just show up as yourself and do what you want to do.
So I think it's really good to have the big picture, big plan about what it is that you want. What does that rich girl's life look like? And then how do we actually create it? What are the small, consistent, boring steps that you need to do on a regular basis? You know, day in, day out, week in, week out, remaining consistent, so that you can just show up as yourself, whatever that looks like, whatever your version of rich looks like, because you know what that looks different for everybody. And it's not about saying here, this is the way you have to do it with your money. And I know that for some people that may feel a little wishy washy and a little uncertain because there's no clear structure, no clear plan. But the thing is, we need to figure out what works for us. There are so many tools out there, so many budgeting apps, so many spreadsheets, you know, chat, GPT can help you with anything now. It can create a budget for you. But the thing is, or the question is, if all of these tools are out there, why haven't you implemented them already, or why have you implemented them but can't stick to them? And that comes back to how we feel about ourselves, the money stories we're telling ourselves the way that we see ourselves in the world really impacts the way we behave with our money. And so if we are able to navigate through and remove ourselves as much as possible from the system, it allows us to create something that is going to work and it is going to stick.
You do need to be disciplined Absolutely, because it's easy just to set up a savings plan, but then just dip into it, or just to take some money here and put it over there, and then you end up feeling like, Well, I'm just rubbing Peter to pay Paul, and I'm all just going around in circles, and I can't do it, and it's a failure, and I may as well just give up now. And we don't want that, but what we want is for you to really take control and take ownership of where you're at right now, because what got you here won't get you there. You know, that's a pretty common saying, but it is so true if you want something different. And if you want to create a rich girl life that is different to what you have now, then it is about doing something different. And the most important thing for you to do is actually to decide, decide that you want to live a life with flow and freedom and not have to worry about your money all the time. You know, you don't have to go to the checkout and check the bank account before you buy your groceries. Go to a restaurant without having to look at the price first before deciding what to have. You know, buying a new outfit and not looking at the price before. For you to decide whether you want it or not, removing that price pressure and the money pressure just allows for you to have flow and ease and freedom. And so when we're talking about setting up these automated savings or these automated rituals, it's about what is the system that works for you? Maybe it is as soon as you get paid, you split your money into various bank accounts. Maybe it is because you have your pay. Office already split the pay before you do it if you're in business, maybe it is paying yourself a regular wage, rather than just dribs and drabs, and taking money out of your business all over the place and not having any structure, because when you are able to transfer that money into your personal account, it then creates the flow. It creates the structure.
The next step is then looking at, well, how am I spending it in my personal account. Because if your finances in your business are a bit of a mess, then I suspect that your finances in your personal account are also a bit of a mess. And it comes back to how we feel about money? How does money make us feel? How do we need to structure this so we feel safe and supported and secure. And you know, the most important thing is providing yourself with the evidence that you are doing a good job that creates so much change on that very conscious and logical level that we can refer back to when we have those ups and downs, the messy middle, when we have the days or the times when we think we can't do it, or we think we're failing, or, you know, we think that we can't stick to it, and it's never going to be any different. We can refer back to that evidence that we have shown ourselves in the past, that we can do it, and that's why I really like to set up systems at the front end that take you out of the picture. Because the more we can take you out of the picture, the more we remove the story. We move to remove the emotion that's attached to that money and the practice that you have with money, the more likely you are to succeed with sticking to it. It is us that gets, you know what? In the way, it's our emotions, it's our stories, which come from so many different things. You know, money stories are a whole different thing, but it really underpins everything and every behaviour we have with money. And so if we are able to remove the emotion and just know that money is a transaction, money is a tool, that's all it is. It's the story that we give to it that creates the impact and creates either the momentum or the lack of momentum.
Maybe it's the thing that stops you and it procrastinates and it stalls you from doing what it is that you want, and it's because of those money stories that we need to take you out of the picture. And when I'd say that, I mean Automate, you know, do things as much as you can on automation so that you don't have to think about it, you don't have to remember and if you forget to do something, then that's you telling yourself another story that, well, I can't do it, or I've failed at this, or I'm not doing it good enough, so therefore I can't do it. So we want to take away as many barriers as we can and set you up for success. And I would recommend just starting small. Start with something that is sustainable, something that you know you can stick to, because if we keep chopping and changing, and we aren't embedding that habit, that new practice, then it can feel really messy and feel uncomfortable. And again, if you have to transfer money, you're flipping funds all over the place, you're losing sight of the end goal, and you really just juggling that can feel really heavy and overwhelming, and then we slip back into that space of, well, I can't do it. I can't do it anyway, so why even bother? So my tip is to set up a savings plan, or set up an automation that is small, easy and sustainable. Once you've got that happening and you're learning to work within that new plan, then increase it, then think about, how can we change it?
I don't like my clients to go in and change everything all at once, because that can feel really overwhelming and stressful. So I like to take a nice, steady approach that makes them feel very safe and comfortable. And we do this in the grounded rich girl programme, we work through, where are the things that you need help with? Where's the space that you need the confidence, because everybody is different. And really, in this grounded rich girl programme, we look at a whole range of different things, and automating the savings plan is just one part of. It money stories is another huge part, because I know that when you deal with the stories, you move through them, and you create the change through that very conscious and logical level, you are able to make a significant impact on your rich girl life, your future self, your life that you want, that I know you want. And so if this interests you, let me know the ground enrich girl programme is open all the time. And, yeah, it's creating massive change, massive impact.
So that's that this week, nice and short, nice and easy. I want you to take action from today, go and have a look at where you can automate. Something doesn't have to be. The whole thing can be, if you want. But just look at Where's one thing that you can automate. Because if you can just start small, build the evidence that you can do it, that you are making change you can then do the next step. And literally it is one step in front of the other. All my clients know that I just say this one step in front of the other. It is not about running to the top of the mountain or being at the top of the mountain. It is literally one step in front of the other. So what is the one step that you can do today that will automate your savings plan so that you can step into this grounded, rich girl life that I know you so desperately want.
Thanks for tuning in today. I really hope you enjoyed the show. If you did, head over and subscribe and also leave me a review while you're there, I would love to read it. Don't forget to share this episode with your audience and tag me on Instagram at https://www.instagram.com/erindavismoney/ if you need any more info from today's show, head over to https://www.erindavis.com.au/podcasts/the-erin-davis-show where you'll find all of today's show notes and links. See you next week on the Erin Davis show!