Habits, mistakes & mindset to know about money w/ Lámidé Elizabeth
Today we chat about a topic I've only discussed a handful of time, that is - MONEY! Love it, hate it, repelled by it want more of it? We all have our relationship with it and at the end of the day, need it to survive and live quintessentially in the modern world. This is why I wanted to get someone on who could speak to me (someone who has only recently started on her money journey and unpacking my beliefs around it) about common mistakes we can avoid, saving tips, investment ideas, mindset around money, the concept of lifestyle inflation and more!
This episode is especially for anyone, like me, who wants more abundance via financial wealth in their life, but are battling some pre-existing ideas around your ability to have it and practical ways to achieve it!
(00:00) Introduction
(01:14) Upbringing & Influences
(05:49) Advice to 18 year old self
(08:09) Mistakes & Mindset with money
(12:34) Lifestyle Inflation
(16:03) 50-20-30 rule
(18:07) Saving Pots
(21:04) Saving Best Practice
(27:10) Difference between saving and hoarding
(29:20) Making your money work for you
(34:37) Scarcity to Abundant Mindset
You can connect with Lamide on KZread @LamideElizabeth or Instagram: / lamide.elizabeth
📢 Like, subscribe, and activate notifications for more content on personal development and achieving career success without compromising your personal life.
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Пікірлер: 276
Loved recording this podcast and thank you all for your sweet comments!
@thebalancetheorypodcast
3 ай бұрын
It was so nice having you on ❤
”Anyone who is not investing now is missing a tremendous opportunity." As a single mother living in Spain, I purchased my second house in September last year, and I am on track to retire next year. I owe a huge thanks to Maya Payson for her invaluable help in making this possible.
@katemorrison5444
22 күн бұрын
This lady called Maya Payson must be very good for people to talk about her this much. she also manages the investments of one of my colleagues. I'm impressed that you are aware of her as well.
@ThaliahBailey
22 күн бұрын
Yes Kate she's very good, she is straightforward and one of the best so far. People who don't know her or those that haven't invested with her. would say otherwise but the honest truth is that she has helped more people than i can count and that has to stand for something.
@CharlotteGreen47
22 күн бұрын
I must say, she is definitely one of the best out there. Her expertise as a registered investment advisor is unparalleled and she is well-versed in the financial market. I had the pleasure of meeting her once during a trading conference in Oklahoma, and it was clear that she knows her stuff.
@Richardwilly-gc5oz
22 күн бұрын
I'm not here to speak for her, but to testify to what I'm sure of, she’s the best broker i know who is sincere, trustworthy and reliable. kudos! Maya
@EllieClark-nw9mp
22 күн бұрын
I heard about this lady on Larry Jones channel, please how can i get in touch ?
My youtube algorithm is really the Holyspirit talking to me .....Thank you for making this type of content ❤❤❤
@thebalancetheorypodcast
4 ай бұрын
Glad you found us!
@0xAngelo
3 ай бұрын
me too :)
@barbaracorneliadanso891
3 ай бұрын
I can relate
@annisabenjamin5505
3 ай бұрын
Truly !!!
@Psalms_ninetyone
2 ай бұрын
Amen
Lamide is really that girl! I’m so glad I found her as a very young Black girl and she’s been such a great inspiration👏🏾💌
@LucyLucy296
4 ай бұрын
Honestly😊
@thebalancetheorypodcast
4 ай бұрын
She's amazing! I'm so happy to have connected with her and had her on the show :)
@Vlogwithuche_
3 ай бұрын
So true ❤
This video really hit home for me. Changing the way we think about money is so much more than just numbers and budgets; it's about transforming our lives from the inside out. Money isn't just currency; it's the dreams we dream, the security we yearn for, and the love we want to provide for our families. I grew up in a home where money was a constant source of stress, and it taught me that financial wisdom isn't just about wealth-it's about creating a life filled with joy and free from fear. By shifting our mindset, we can break the chains of financial strain that hold us back from truly living. Let's teach ourselves and the next generation that money, when respected and managed with care, can be a tool for building a life full of love, laughter, and possibility. Here's to changing our narrative around money, and in doing so, changing our lives. 💖
@thebalancetheorypodcast
3 ай бұрын
Love love love this! Thank you for sharing. The mindset towards money was a big wake up for me too- money is energy at the end of the day ❤
This is what KZread is for. Thank you.
@thebalancetheorypodcast
3 ай бұрын
❤❤❤❤
Excellent interview ladies! I'm 69 and my goal is to teach people in your age bracket how to do better than I did with money management. All the things I was not taught growing up. You both are awesome!!
@thebalancetheorypodcast
2 күн бұрын
Thank you so much
I love how this discussion is SOOO easy to understand
@thebalancetheorypodcast
3 ай бұрын
Thank you! I'm glad you enjoyed it
@0xAngelo
3 ай бұрын
Erika really does do a great job as a podcast host
@thebalancetheorypodcast
3 ай бұрын
Thank you so much! @@0xAngelo
The 50, 30 20 rule is so real, and it works so well. I learned this principle a year ago. The problem with me is that I can save a lot of money, and then i become hesitant to invest or start a business because I have a lot of fear.
@thebalancetheorypodcast
14 күн бұрын
I'd recommend checking out this episode, it was with my own therapist and could be a limiting belief that's blocking you - kzread.info/dash/bejne/eI2AyY9tocXUoNI.html
@boitshekomyataza8113
10 күн бұрын
There’s something called low risk investment. I know absolutely nothing about it but I think you should read up on it because the low risk might just decrease the fear you have about this!
It's 5am in South Africa, and i just found the video and can't stop listening ❤
@thebalancetheorypodcast
3 ай бұрын
Woohoo! ❤ Enjoy !
Mind muscle connection when it comes to saving and investing money, I’m definitely learning that as well 💯🌱
@thebalancetheorypodcast
4 ай бұрын
Love it!
Woow l don't know how l got this video but l'm very grateful that I got the chance of viewing and listening to it. Thank you very much ❤❤
@thebalancetheorypodcast
3 ай бұрын
I'm so grateful you found our channel! ❤
Such an insightful conversation. I love the questions asked and the responses to them, really easy for anyone to figure things out for themselves from your experience. Great podcast❤️
@thebalancetheorypodcast
3 ай бұрын
Thank you so much! I'm glad you enjoyed the episode.
This was SUCH a beautiful , well needed and thorough video. I LOVED watching this dialogue between two well spoken , educated women. We need more dialogues like this between women . Young women at that. Very inspiring.
@thebalancetheorypodcast
3 ай бұрын
Thank you girl! I am so glad you enjoyed it and thank you for sharing your thoughts.
why is this channel not blowing up?
@thebalancetheorypodcast
4 ай бұрын
that's a great question haha!!
@MilindBorkar_MENTOR
3 ай бұрын
@@thebalancetheorypodcast 🎉 may this channel reach Millions of people and get benefits from real life examples.
@user-iv1my2tp5b
3 ай бұрын
Literally! I hope this is gonna be like the first woman/healthy/nontoxic version of a red pill channel
I see a lot of my ifa family here ! The ancestors brought us here ! Asé ! Thank you beautiful ladies ! ❤
@thebalancetheorypodcast
3 ай бұрын
❤❤❤
Profound Episode! Lamide is such an inspiration. Best KZread channel I found so far. ❤
I really admire her approach to analyze the need and wants aspect that stop us from saving money.
@thebalancetheorypodcast
3 ай бұрын
Me too!
This interview is so informative. You are asking all the right questions ❤. Thank you for having Lamide.
@thebalancetheorypodcast
2 ай бұрын
You're so welcome!
I love how you asking all the right questions ! Thank you , this is so good🙏🏾❤️.
@thebalancetheorypodcast
3 ай бұрын
Appreciate this! You're welcome ❤
Well educated and spoken young black female, so much knowledge and advise on this podcast!
Such a great episode, money should be talked about more often to remove the societal stigma~!
@thebalancetheorypodcast
2 ай бұрын
100% agree!
I’m so glad I found your channel! You ask great questions and she is amazing! Thanks for introducing me to her!!
@thebalancetheorypodcast
3 ай бұрын
Thank you for your kind message! I'm glad you enjoyed it.
I can’t believe I’m just coming across your videos now! This conversation was inspiring, digestible and relatable!
@thebalancetheorypodcast
3 ай бұрын
I'm so glad you found us ❤
How does this channel have such less viewers and subscribers? Everything is great From content to the aesthetics…❤
@thebalancetheorypodcast
4 ай бұрын
Thank you so much!! We have only just started seriously posting on YT so I am very happy you found us :)
@bekomstephanie
3 ай бұрын
Their outfits and the aesthetics blend so well! it's really stunning
@thebalancetheorypodcast
3 ай бұрын
Thank you!! We unintentionally matched haha :) @@bekomstephanie
I never comment on videos but this is sooooo good. Thank you so much for putting this information out into the world!!!
@thebalancetheorypodcast
3 ай бұрын
You're so welcome! I'm so glad you found the video :)
Thank you so much for your valuable contribution to the society/🌎 world to learn from real life , lessons 🙏. Thank you Both of you.
@thebalancetheorypodcast
3 ай бұрын
You’re welcome 👏🏻👏🏻
This has got to be the most wholesome and insightful discussion I've ever watched on here. Both ladies are so relatable and Lakamide fueled sth within me. I just know it was God that led me to this interview. Thank you sooo much! ❤
@thebalancetheorypodcast
3 ай бұрын
I'm so glad it hit home for you ❤ check out some of our other content too I think you'll like it ❤
thank you KZread for recommending me this podcast!!!
@thebalancetheorypodcast
3 ай бұрын
❤❤
You’re indeed asking the right questions… I’m so glad I found this channel❤
@thebalancetheorypodcast
3 ай бұрын
So glad you're here! ❤
@Momoflovee
Ай бұрын
😊😅
This is a very good conversation, thank you for sharing!
@thebalancetheorypodcast
4 ай бұрын
You’re so welcome ❤️
Lamide is truly an inspiration ❤
@thebalancetheorypodcast
3 ай бұрын
yes! ❤
Wow, this woman has so much poise... great interview, thanks for sharing!
@thebalancetheorypodcast
4 ай бұрын
She was such a great guest! You're so welcome. Glad you enjoyed it.
Great podcast and beautiful aesthetics ❤
@thebalancetheorypodcast
4 ай бұрын
Thank you! I'm obsessed with this recording space too :)
So inpiring 😇 Thanks Ladies
@thebalancetheorypodcast
4 ай бұрын
Thanks for tuning in!
Lamide made so many points where I was like AHA RIGHT! Amazing video
@thebalancetheorypodcast
3 ай бұрын
Glad you enjoyed it! X
For someone who has lived in Dubai and is shifting to UK, this was such a good watch! I loved this episode! - new subscriber here❤
@thebalancetheorypodcast
4 ай бұрын
Welcome! It's so nice to have you here and I'm glad you enjoyed the episode ❤
I really hope more people find this episode...absolutely love this ❤
@thebalancetheorypodcast
3 ай бұрын
Thank you so much ❤
Both of you are such a beautiful inside and out! Thanks for this video ❤
@thebalancetheorypodcast
3 ай бұрын
Thank you for your lovely comment ❤ I'm glad you enjoyed it and welcome to the Channel ❤
I really enjoyed watching and listening to this podcast they spoke about a lot of complicated topics of money that I can personally understand and relate to in a simple matter that I really appreciate :)
@thebalancetheorypodcast
2 ай бұрын
You're very welcome!
This was such an amazing video. Popped up on my algorithm and I’m so happy it did.
@thebalancetheorypodcast
Ай бұрын
I’m so glad it did too 🙏🙏
Really great podcast. Love her analysis and your input as well, more of gems like this💖
@thebalancetheorypodcast
3 ай бұрын
Check out the rest of the channel I keep the same style across interviews you might find some others you love too! 💖
Glad I found your channel amazing! 👏🔥✍️
@thebalancetheorypodcast
4 ай бұрын
I'm glad you found us too! Welcome :)
So grateful I came across your channel, love these interviews!
@thebalancetheorypodcast
2 ай бұрын
Thank you so much! You have lots to go through I've had some incredible people on the show sharing so many gems 🧡
Great information. I sent this to my children who are in their twenties. Will also definitely use the info I learned within my own personal life
@thebalancetheorypodcast
3 ай бұрын
Thank you for sharing the love!
Amazing advices for middle class type of life 😊
An amazing and insightful interview. When you spoke about the scarcity mindset... it's what I've been dealing with... finding that hunger to pursue more and keeping it even when things don't work out as you wish. Great advice thank you❤🙏🏾
@thebalancetheorypodcast
2 ай бұрын
You're welcome! I'm glad you enjoyed it! 🥰
The part about money dials! That's a concept I've been thinking about for a min now. I noticed how easy it is for me to spend money on things that don't really matter, i.e vacations, shoes, accessories etc. But I drag my feet when it comes to paying off my driving tickets and other items that can negatively impact me. How do I figure out the root of this uneasiness and transition from here
@thebalancetheorypodcast
3 ай бұрын
I guess it comes down to the source of why there's negativity there - is it the way people around you spoke about it growing up i.e. bills as a burden , versus how you want to see it now i.e. bills as gratitude for what they represent. Maybe the shift for driving ticket is the lesson behind it?
I’m new to this account and about 10 minutes into this video. This is simply gold ❤️❤️
@thebalancetheorypodcast
3 ай бұрын
So glad you enjoyed it!
Lamide sounds Nigerian… She’s beautiful with brains!!
@thebalancetheorypodcast
3 ай бұрын
❤
Loved lovedddd listening to her input, she's extremely smart and inspiring
@thebalancetheorypodcast
3 ай бұрын
Agreed! ❤❤
This is amazing, such a big eye opener thank you both ❤
@thebalancetheorypodcast
Ай бұрын
You're so welcome! I'm glad you enjoyed the episode 💕
Inspirational podcast, love it ❤
@thebalancetheorypodcast
4 ай бұрын
Thank you! Glad you enjoyed it.
This was such an amazing conversation! You asked so many amazing questions and it was so easy to listen to. I stopped watching big podcast shows because I feel like they stepped away from asking important questions and it's become more of a show to advertise the person This is my first time listening to you and I'll definitely tune into more videos ❤ Also love Lamide, I've been following her for over 2 years and it's been inspiring seeing her life get better and better
@thebalancetheorypodcast
3 ай бұрын
Thank you so much for your kind words! I really appreciate it. Looking forward to connecting on other videos :) xx
I loved everything about this oh thank God for putting this on my fyp. I am also trying to move out of America to London in the Finance field as well 🎉
@thebalancetheorypodcast
3 ай бұрын
Sending you all the love & success for that which you're trying to bring into your life! 🙏🏻
I 𝓛𝓸𝓿𝓮 this!!! Stumbled upon this & I needed this
@thebalancetheorypodcast
3 ай бұрын
Yay! Welcome ❤
Thanks for confirming some great ways to approach investing ❤
@thebalancetheorypodcast
2 ай бұрын
you're welcome!
Loved that this came across my timeline
@thebalancetheorypodcast
3 ай бұрын
Me too! ❤
Thank you from one black girl to another even in the US ❤️
This is so helpful and amazing! They made it so easy to understand❤ proud!!
@thebalancetheorypodcast
Ай бұрын
Thanks girl!! X
love this ❤❤
Wow! She is beautiful, ambitious, wise, and more! ❤
@thebalancetheorypodcast
4 ай бұрын
Couldn't agree more :)
This is what I needed to watch today!
@thebalancetheorypodcast
3 ай бұрын
I'm glad you found it!
keep inspiring us, wish to be one of your guests someday .
Commerce, what a vibe. Too many gems. 'There's no refund of time' yet you can become aware of how time's being spent so that you can adjust for it in your overall budgeting system of what you prioritize or the depth of purpose you described as 'asking yourself why three times'. Its cool when you can actually elevate above trying to stay on task and move toward being more thoughtful about your intentions and less accepting of someone else's method as an objective metric that's infallible.
Great conversation ladies!!!
@thebalancetheorypodcast
4 ай бұрын
Thank you so much!
I really enjoy this it’s so authentic and refreshing❤❤❤
@thebalancetheorypodcast
2 ай бұрын
Thank you so much! I'm glad you enjoyed it 😃
@PoeticEE
2 ай бұрын
@@thebalancetheorypodcast yes!
Watching from North Carolina 💙 so happy to have stumbled upon this video. Great episode!!
@thebalancetheorypodcast
Ай бұрын
So happy you found it too!! :)
@eluvmakeup8508
Күн бұрын
same😊
this is probably the only podcast I actually like
@thebalancetheorypodcast
3 ай бұрын
I'm honoured 💌
This video came right on time!!!❤
@thebalancetheorypodcast
3 ай бұрын
I love that ❤
OMG thank you! Great podcast!
@thebalancetheorypodcast
3 ай бұрын
You're welcome ❤❤
Great Discussion!💎
@thebalancetheorypodcast
3 ай бұрын
Thank you! 💌
Thank you for sharing Excellent content as always.
@thebalancetheorypodcast
14 күн бұрын
You're welcome!
She is beautiful and so intelligent, such amazing and practical advice
@thebalancetheorypodcast
3 ай бұрын
Agreed!!
What an amazing video thankyou so much for sharing
@thebalancetheorypodcast
14 күн бұрын
You're very welcome!
just what i needed - such a good interview ❤
@thebalancetheorypodcast
3 ай бұрын
I'm so glad to hear that!
This was very informative! I just subscribed to her channel ❤
@thebalancetheorypodcast
14 күн бұрын
This video is so insightful ❤
@thebalancetheorypodcast
3 ай бұрын
❤❤
Very insightful ❤
@thebalancetheorypodcast
3 ай бұрын
Glag you enjoyed it ❤
She’s a beautiful woman and very smart! 💖
@thebalancetheorypodcast
4 ай бұрын
Agreed! 💖
❤
Love and support for Lamide ❤️
@thebalancetheorypodcast
2 ай бұрын
❤
This was good. 👌
@thebalancetheorypodcast
4 ай бұрын
Thank you!
Subscribed ❤🎉
Love the set!
@thebalancetheorypodcast
3 ай бұрын
Thank you :)
Amazing video❤thank you
@thebalancetheorypodcast
3 ай бұрын
You're welcome!
The energy 🙌 ❤
@thebalancetheorypodcast
3 ай бұрын
❤❤
This is excellent 😊
@thebalancetheorypodcast
3 ай бұрын
Thank you!
What a great KZread channel 👏
@thebalancetheorypodcast
3 ай бұрын
I'm glad you found us!
So good!
@thebalancetheorypodcast
3 ай бұрын
💖💖💖
Great podcast!!
@thebalancetheorypodcast
3 ай бұрын
Thank you!
Great interview ❤❤❤
@thebalancetheorypodcast
Ай бұрын
Thank you ❤️
Great content. Thanks.
@thebalancetheorypodcast
Ай бұрын
You're welcome! 😃
Really great video!
@thebalancetheorypodcast
3 ай бұрын
I'm glad you enjoyed it!
I enjoyed this episode so much
@thebalancetheorypodcast
3 ай бұрын
Thanks Houda :) that makes me so happy to hear!
Loved❤❤❤❤
@thebalancetheorypodcast
3 ай бұрын
Thank you!
Great conversation
@thebalancetheorypodcast
3 ай бұрын
Glad you enjoyed it!
very very interesting Thanks a lot...
@thebalancetheorypodcast
2 ай бұрын
You're welcome!
Very good!
@thebalancetheorypodcast
2 ай бұрын
Thank you!
This channel deserves more subscribers but once my channel is launched you can all go home 😂 No but seriously great conversation ladies, very informative, looking forward to more.
@thebalancetheorypodcast
4 ай бұрын
Hahahaha!! Thank you 🙏🙏