Nov 30, 2021
On this episode of
Financially Naked: Stories from
The Financial Gym,
Shannon McLay, our Founder and CEO is hosting! To celebrate this
100 episode milestone, she is joined by Certified Financial
Trainers, Kadri Auguston and Victoria Sechrist.
In
the almost two years of recording this show, Victoria and Kadri
have been the hosts of over 25% of all the time. Today, the
trio sits down to answer listener questions, chat about favorite
episodes, and discuss what is so special about recording this show
and working at the Gym.
Shannon has recorded over 400
episodes of her award-winning podcast, Martinis and Your Money.
In that time. topics directly related to the Gym have been an
aspect of the show. It became clear there were enough stories for a
separate show entirely. Which is when Financially Naked was born.
100 episodes later, here we are!
The name, Financially
Naked comes from the
first session you have with a trainer at the Gym. During these
sessions, we have vulnerable conversations and connect on an
emotional level. It is a regular part of what we do on this show
and as trainers.
Podcast Notes
- Podcast episodes are a fun way to learn more
about your clients and colleagues than you ever have
before.
- The client base at the Gym is diverse in age,
income levels, and backgrounds.
- They have so many things going on in their
lives and hearing the stories is a pleasure.
- On this podcast, 23 episodes feature
clients!
- Many episodes are inspired by conversations
between trainers, their clients and each other.
PARTS OF THE
JOB
- Trainers are financial
historians. It can
be hard to see the progress when it feels slow, but your trainers
know. They see it and are there to remind you of that amazing
work.
- Clients at the Gym are the bravest people out
there.
- People ask, “Am I your worst client?” or “Is it
bad?”
Shannon says ‘the worst’ client is
not a member of the Gym. If you’re here, showing up, you are doing
a brave thing.
- People think they’re alone in their struggles,
but over 70% of Americans live paycheck to paycheck. It’s important
to recognize other folks are going through it too and to be gentle
with yourself.
- The hardest part is showing up, especially when
it’s not going well. If you keep showing up, you’ll get the
results.
- It’s great to look back and remind clients
where they were, just a year ago. Seeing the mindset shift is
huge.
- Encouraging self-compassion is a huge aspect of
financial training. Reminding people it’s okay to give themselves a
break.
- Also giving credit for the victories like
staying out of credit card debt, not adding more debt, or having a
cushion in place.
- Everything you do is financially fixable. We
can deal with the finances. It’s just numbers.
- Trainers are
detectives, looking for what Kadri calls the ‘cashflow
boogeyman’
- When there’s a gap between earning and spending
and you have to find creative ways to close it.
- You may not remember what you spent money on
months ago, but it becomes part of your timeline. Your choices in
the moment matter and small things can add up
quickly.
- This is a really eye-opening journey for some
clients. It is fun to help them confront the Boogeyman and see the
lightbulb moments along the way,
THE POWER OF EXPENSE REPORTS
- At the early stages, clients go through the
spending exercises. The spending reports from the Training Zone are
a powerful tool.
- When trainers go through them at the Gym with
clients, there is no judgement.
- They are a conversation starter and provide
surprising information for both client and
trainer.
- It helps folks figure out where their money is
going. It’s one step on the personal finance journey.
- Some clients graduate from expense reviews, but
occasionally want to bring it back for a refresh. It’s a
great tool in that way.
- Kadri will go line by line with clients and
instead of focusing on the number, ask questions like, “What was
that purchase?’ “Who was that meal with?” “Did it bring you joy?”
to help change the relationship with spending.
- It’s about making room for the things clients
want to do.
- You can have fun AND be financially
healthy.
KADRI’S FAVORITES:
VICTORIA’S
FAVORITES:
IF YOU WANT TO BE ON THIS
SHOW
- If you are a client, let your trainer know! Go
right to the source. If you have an idea or story to share, they’ll
get you set up.
- You can email trainerpodcast@fingyms.com
- We welcome real stories from anonymous names if
you prefer to stay private as a guest.
Most
Downloaded Episodes
-
First Time Home Buying with Terri
and LemonBrew
-
Overspending in Your 20’s with
Kadri & Gus
-
Understanding Your Financial Plan
with Crystal and Nick
-
Money Mistakes and Regrets with
Hector and Garrett
Meet The
Trainers
Meet Kadri Augustin,
Level 3 Certified Financial Trainer
Meet
Victoria Sechrist, Level 3 Certified Financial
Trainer