Money Matters Episode 314 - Money Talks W/ Skyler Fleming

Skyler Fleming: Money Matters Podcast Interview

April 4, 2024 . 4:48 PM . ID: 929310317

Transcript

00:00 - 00:03
[speaker unknown]
This conference will now be recorded.

00:04 - 00:06
Christopher Hensley, RICP®
Did you know, April is Financial Literacy Month?

00:07 - 00:09
Christopher Hensley, RICP®
This isn't just another page on the calendar.

00:09 - 00:15
Christopher Hensley, RICP®
It's a wakeup call to take control of your finances and truly understand where your money is going.

00:15 - 00:32
Christopher Hensley, RICP®
In today's episode of Money Matters, we're diving deep with personal finance podcasts, or Skyler, Fleming of money talk, what unravel the secrets to making your money work for, you dodging financial pitfalls and strategies that could potentially reshape your financial future.

00:32 - 00:42
Christopher Hensley, RICP®
Whether you're saving for a dream vacation, planning for retirement or just trying to get by this episode is your first step towards financial freedom.

00:42 - 00:50
Christopher Hensley, RICP®
Don't miss out tune in and transform your approach to money this April, Skyler, Thank you so much for joining us today.

00:51 - 00:52
Money Talk with Skyler Fleming
Yeah, thanks for having me.

00:52 - 00:55
Money Talk with Skyler Fleming
I'm excited for any money talk, but it's just fun to be on another podcast.

00:56 - 01:04
Christopher Hensley, RICP®
Absolutely, absolutely, and and, so, I tell me a little bit, I'd like to kinda, you have a podcast called Money Talk.

01:04 - 01:09
Christopher Hensley, RICP®
Tell me a little bit about that journey and why you started that, that podcast.

01:10 - 01:15
Money Talk with Skyler Fleming
Yeah, I joke that I started my talk with Skylar Flemming because, my wife was tired of listening to me.

01:15 - 01:23
Money Talk with Skyler Fleming
Because, I would tell her, that money, all the time, I would say, and we need to do this, that, and everything else with our money, And then, I was like, Hey, I could build a small audience.

01:23 - 01:32
Money Talk with Skyler Fleming
Maybe someone's willing to listen and share and talk, and that's kind of what led to the podcast directly, but I guess what led to my interest in money.

01:32 - 01:39
Money Talk with Skyler Fleming
My interest in money came from working at a credit union as a call center rep and then a call center supervisor.

01:39 - 01:52
Money Talk with Skyler Fleming
And I just found so many people, just there were in such simple financial trouble that was causing big headaches in their life and that led me to just be so interested in staying away from that and I just continued to learn and learn and learn.

01:53 - 02:03
Christopher Hensley, RICP®
I love it, I love it, You know, we've got some some commonalities here because before I was a financial advisor, I was in the bank channel, and I was a wrap at a bank.

02:03 - 02:10
Christopher Hensley, RICP®
But, even prior to that, I worked at a call center for Bank one, and I took, as a customer service rep, I took angry customer.

02:10 - 02:17
Christopher Hensley, RICP®
So, you know, when I was researching this, this episode, I heard you on another podcast, and you talked about that.

02:17 - 02:27
Christopher Hensley, RICP®
Share a little bit of the experience of maybe dealing with some of these clients that we're calling in to the credit union, and, you know, what, What was that, like.

02:28 - 02:38
Money Talk with Skyler Fleming
Yeah, like you said, they call an angry, upset, like, oh, everything's going wrong at the end of the world, and it's all the credit unions fault, but those, those stories are the fun ones to share.

02:38 - 02:42
Money Talk with Skyler Fleming
But even in those stories, there's always an element of, Hey, like this.

02:42 - 02:47
Money Talk with Skyler Fleming
This does think there's some situation you're finding yourself in that obviously isn't ideal.

02:48 - 02:56
Money Talk with Skyler Fleming
How can we either help you get out of it or move forward from it, and getting to experience those and help people through those challenges?

02:56 - 02:59
Money Talk with Skyler Fleming
Is, is what motivated me to keep talking about it with other people.

03:01 - 03:02
Christopher Hensley, RICP®
I love it, I love it.

03:02 - 03:11
Christopher Hensley, RICP®
Now, throughout your journey, what has been the most common financial challenge that you've observed among individuals, and how did you address it On your podcast?

03:12 - 03:13
Money Talk with Skyler Fleming
Yeah, not knowing where to start.

03:13 - 03:24
Money Talk with Skyler Fleming
So many people, just, they get stuck because they don't know anywhere else to go, they're like, OK, yeah, I'm not spending below my means, but what do you do with that difference between your spending and your mean?

03:24 - 03:26
Money Talk with Skyler Fleming
Like what do you do beyond that?

03:26 - 03:31
Money Talk with Skyler Fleming
That's where people get stuck, is A, they spend less than they make, but they don't know what to do with that difference.

03:32 - 03:36
Money Talk with Skyler Fleming
And addressing it with my podcast, that's just where the conversations come into play.

03:36 - 03:46
Money Talk with Skyler Fleming
I had a couple on recently that they're doing well with their money, and they talk about it regularly, and the simple little tips they shared can help a couple break out of that.

03:46 - 03:55
Money Talk with Skyler Fleming
Hey, we're doing, We feel like we're doing good with our money, but we're not having any fun, like, we don't know where to go from here, and you just listen to somebody else say, I was in that point.

03:55 - 03:59
Money Talk with Skyler Fleming
And here I am now, having fun going on vacations and feeling good about it.

04:00 - 04:05
Money Talk with Skyler Fleming
And that's what helps people overcome it on my podcast is just hearing others' experiences.

04:07 - 04:08
Christopher Hensley, RICP®
I love it, I love it.

04:08 - 04:13
Christopher Hensley, RICP®
You know, you shared with us that some people, they just don't even know where to start.

04:14 - 04:26
Christopher Hensley, RICP®
And then some of these, the guests that you've had on there, this share the stories that they're sharing, That you gave the example of the couple for couples who just don't know what to do, right?

04:26 - 04:34
Christopher Hensley, RICP®
It helps sometimes, to see other people in that same situation talking about those moments, those empowering moments.

04:34 - 04:43
Christopher Hensley, RICP®
Can you recall a particular episode or conversation on money talk that you believe significantly impacted or change to listeners?

04:43 - 04:44
Christopher Hensley, RICP®
Financial path.

04:45 - 04:57
Money Talk with Skyler Fleming
Yeah, I can think of there's probably 2 or 3 episodes where the guest, their views, or I guess, their life views, and just the way they, their beliefs, I guess Maybe a little bit of like spirituality type stuff?

04:57 - 04:57
Christopher Hensley, RICP®
That.

04:57 - 05:00
Money Talk with Skyler Fleming
Sort of stuff maybe doesn't align with the same way, I think.

05:00 - 05:06
Money Talk with Skyler Fleming
And I think those ones are the most impactful where I bring someone on and they say, What if we thought about money in this completely different way?

05:06 - 05:08
Money Talk with Skyler Fleming
It's like, on the field, as far as I'm thinking.

05:08 - 05:09
Christopher Hensley, RICP®
Right, and.

05:09 - 05:15
Money Talk with Skyler Fleming
Those ones where I'm able to, I'm able to come to their point a little bit better and able to understand them.

05:15 - 05:15
Money Talk with Skyler Fleming
A little more.

05:15 - 05:16
Money Talk with Skyler Fleming
One helps me a ton.

05:16 - 05:18
Money Talk with Skyler Fleming
Like those ones, I appreciate a lot.

05:18 - 05:26
Money Talk with Skyler Fleming
Those are fun conversations to have, but I'm sure anyone listening is then able to say, I've been listening to Skyler, tell us, this, this and this and this way.

05:26 - 05:28
Money Talk with Skyler Fleming
For so, so many episodes.

05:28 - 05:33
Money Talk with Skyler Fleming
And then it's so nice to bring on someone that's completely different, because those are the fun ones.

05:33 - 05:36
Money Talk with Skyler Fleming
I had one person who described money as a person.

05:36 - 05:41
Money Talk with Skyler Fleming
Like, look at money in your life as if it was a human being, does it treat you nicely?

05:41 - 05:44
Money Talk with Skyler Fleming
Does it neglect you?

05:44 - 05:45
Money Talk with Skyler Fleming
Does it manipulate you?

05:45 - 05:47
Money Talk with Skyler Fleming
What does money do to you if it was a person?

05:47 - 05:50
Money Talk with Skyler Fleming
And that was fascinating to me, because I didn't think of it like that.

05:50 - 06:01
Money Talk with Skyler Fleming
So those ones, those ones are huge episodes where multiple guests are on, are great, because those allow us to hear other ideas from multiple people, and they get it play off each other a little bit, It's fun.

06:01 - 06:04
Money Talk with Skyler Fleming
I had one where we were talking about credit cards, and I had two other guests on.

06:05 - 06:07
Money Talk with Skyler Fleming
And those are the host, are tricky to manage, but those are.

06:08 - 06:08
Christopher Hensley, RICP®
Done.

06:08 - 06:13
Money Talk with Skyler Fleming
Because, but you just get to hear different ideas and different tips from so many different.

06:15 - 06:17
Christopher Hensley, RICP®
I'm smiling real big because you're 100%, right.

06:17 - 06:20
Christopher Hensley, RICP®
I occasionally we'll have more than one guest on.

06:20 - 06:26
Christopher Hensley, RICP®
At the same time, the most I've ever had is, I think I had five people and one podcast, and a.

06:26 - 06:27
Money Talk with Skyler Fleming
Lot more.

06:27 - 06:30
Christopher Hensley, RICP®
Like moderating than that, then doing the show.

06:30 - 06:43
Christopher Hensley, RICP®
So, you know, what you shared with us is that the, these kind of happy accidents says, you know, some of the guests that you, you wouldn't necessarily know, and then you're in the middle of a conversation, and it's taking you somewhere that you didn't think you were going to go.

06:44 - 06:50
Christopher Hensley, RICP®
And, you know, you gave us the example of the person describing money as a person, and it being a human being.

06:50 - 06:53
Christopher Hensley, RICP®
And how what a unique perspective that is, and it kind of made you think there.

06:54 - 07:00
Christopher Hensley, RICP®
Let's pivot a little bit and talk about you know, we're here and in Financial Literacy Month, we're in April.

07:01 - 07:04
Christopher Hensley, RICP®
We're going to talk a little bit about misconceptions and finance.

07:04 - 07:09
Christopher Hensley, RICP®
What are some of those biggest misconceptions people have about managing their finances?

07:09 - 07:12
Christopher Hensley, RICP®
And how does your podcast helped debunk deeds?

07:13 - 07:16
Money Talk with Skyler Fleming
Yeah, 1 common 1 is that everybody else is doing great with their money.

07:16 - 07:28
Money Talk with Skyler Fleming
Like no one no one's doing that great, and, but the thing is, is when we're not talking about it is, we think, everyone, we see all the glamorize, social media posts of everyone's vacations and things like that.

07:28 - 07:30
Money Talk with Skyler Fleming
And you think, oh, they must be really well off.

07:30 - 07:31
Money Talk with Skyler Fleming
They live in a nice house.

07:31 - 07:34
Money Talk with Skyler Fleming
They go on, nice trips, they go, blah, blah, blah, blah, right?

07:34 - 07:43
Money Talk with Skyler Fleming
But, I think that's where everyone gets stuck, and the biggest challenge for people is, everyone else is probably also struggling, they may have some amount of credit card debt.

07:44 - 07:50
Money Talk with Skyler Fleming
Everyone probably has student loans or it's impacted them in some way, like that's a universal thing that's impacted a lot of people, especially in America.

07:51 - 07:58
Money Talk with Skyler Fleming
But, I think getting through your head, that everyone has some sort of financial struggle and they're not all doing perfect.

07:58 - 07:59
Money Talk with Skyler Fleming
And don't feel bad about it.

07:59 - 08:13
Money Talk with Skyler Fleming
Don't feel bad if you're not doing well, because, that's OK, and that's where I think my podcast comes into play, as we're hearing conversations from everyday, People say, yeah, my mom, when I was a kid, it made, she made me kind of feel like, I had to help provide for the family.

08:13 - 08:18
Money Talk with Skyler Fleming
So I was spending all of my money, so I couldn't lie, and say I wasn't going to help.

08:18 - 08:24
Money Talk with Skyler Fleming
That was, that one was an eye opening story, for me, to say, wow, you drove yourself to spend all of your money.

08:25 - 08:29
Money Talk with Skyler Fleming
Just so you could be truthful to your mom and say, I can't help out this month that that one was crazy for me.

08:29 - 08:31
Money Talk with Skyler Fleming
But we hear stories like that.

08:31 - 08:35
Money Talk with Skyler Fleming
And it's just, it's eye opening to say, Oh, wow, the other person, they aren't.

08:35 - 08:36
Money Talk with Skyler Fleming
They also aren't doing too hot.

08:37 - 08:38
Christopher Hensley, RICP®
Absolutely.

08:38 - 08:42
Christopher Hensley, RICP®
So what a, what a great message to get across there.

08:42 - 08:52
Christopher Hensley, RICP®
That, the idea of that financial struggle, and that a lot of times people aren't necessarily going to share that, but we know that there are some common things that you mentioned student loans.

08:54 - 08:59
Christopher Hensley, RICP®
And everybody has these financial struggles, but it's not necessarily something that they're going to broadcast.

08:59 - 08:59
Christopher Hensley, RICP®
Right?

08:59 - 09:09
Christopher Hensley, RICP®
And you talked about the idea of social media, like will see little snippets and blurbs, and it we're getting like this just narrow vision of what people's lives are.

09:09 - 09:12
Christopher Hensley, RICP®
And we're kind of basing our, our money stories around that, right?

09:13 - 09:16
Christopher Hensley, RICP®
But everyone else isn't necessarily doing great, either.

09:16 - 09:17
Christopher Hensley, RICP®
Setup, yeah.

09:17 - 09:18
Christopher Hensley, RICP®
So, so, sure, it's like, in some.

09:18 - 09:19
Money Talk with Skyler Fleming
Way.

09:19 - 09:25
Christopher Hensley, RICP®
Sharing that, it's huge, and you're providing a service by doing that, and getting the stories out.

09:25 - 09:27
Christopher Hensley, RICP®
I think that's fantastic.

09:27 - 09:32
Christopher Hensley, RICP®
Let's talk about personal finance from this perspective.

09:32 - 09:37
Christopher Hensley, RICP®
From your experience, what are your top three personal finance tips for someone?

09:37 - 09:41
Christopher Hensley, RICP®
Just starting to take control of their financial future?

09:41 - 09:52
Money Talk with Skyler Fleming
Yeah, one thing the, the Word budget can be a four letter word to some people, but I'd like to start before that because before you can really budget, I like to get people starting tracking their expenses.

09:52 - 09:57
Money Talk with Skyler Fleming
I think that's a big one, because then you can see, here, here are my categories here, much.

09:57 - 09:58
Money Talk with Skyler Fleming
Here's how much I'm spending.

09:58 - 10:14
Money Talk with Skyler Fleming
And that, I think, is going to be more helpful than budgeting right out the gate, because when you try to say, OK, here's how much I'm going to spend on this category, but you have no idea how much you regularly spend, That's where the the fear and the anxiety around budgeting kicks in, so, number one for me is tracking expenses.

10:14 - 10:18
Money Talk with Skyler Fleming
It's something I tell everyone in your credit union or bank app probably already does it for you.

10:19 - 10:21
Money Talk with Skyler Fleming
So it's not that hard, So get started by tracking.

10:21 - 10:27
Money Talk with Skyler Fleming
And then, second, is, realize how powerful time is, and realize that you, you always have time on your side.

10:27 - 10:36
Money Talk with Skyler Fleming
I think one of the favorite things I like to listen to is that someone in their sixties can still be planning for 40 years worth of investing, because you have so much time on your side.

10:36 - 10:41
Money Talk with Skyler Fleming
Or maybe you're investing for your grandkids to get your inheritance or something like that.

10:41 - 10:44
Money Talk with Skyler Fleming
But if you're in your twenties, time is your most abundant resource.

10:44 - 10:50
Money Talk with Skyler Fleming
So once you can get that to click in your mind and understand how powerful timers, that's when it gets really fun.

10:50 - 10:52
Money Talk with Skyler Fleming
Because you get to say, wow, look at all the opportunity that I have.

10:53 - 10:55
Money Talk with Skyler Fleming
And then third is talk to someone about it.

10:56 - 10:58
Money Talk with Skyler Fleming
Talk to someone about how much time you have.

10:58 - 11:05
Money Talk with Skyler Fleming
And that you just really had this big revelation in your life that you have 50 years to invest and that you don't need to make all your money overnight.

11:05 - 11:10
Money Talk with Skyler Fleming
Talked to someone about how, wow, I just realized I spend $400 a month eating out.

11:10 - 11:11
Money Talk with Skyler Fleming
That's a lot.

11:11 - 11:12
Money Talk with Skyler Fleming
Is that a lot for you?

11:12 - 11:13
Money Talk with Skyler Fleming
How much do you spend?

11:13 - 11:15
Money Talk with Skyler Fleming
And then they say, I didn't even know, how did you figure that out?

11:16 - 11:18
Money Talk with Skyler Fleming
Then you're able to connect, and you build that.

11:18 - 11:22
Money Talk with Skyler Fleming
You build that foundation of trust to share those money challenges you're going through.

11:22 - 11:22
Money Talk with Skyler Fleming
And you help each other.

11:22 - 11:28
Money Talk with Skyler Fleming
Say, Hey, I found this resource that says, 10 tips for meal planning so that you spend less eating out.

11:28 - 11:30
Money Talk with Skyler Fleming
And then you grow and grow and do better together.

11:31 - 11:33
Christopher Hensley, RICP®
That is, that is very strong.

11:33 - 11:37
Christopher Hensley, RICP®
What you just shared with us, the idea of people talking about it, right?

11:37 - 11:44
Christopher Hensley, RICP®
Because it's one of those things that their shame attached to it, and people tend to have a problem asking for help.

11:44 - 11:53
Christopher Hensley, RICP®
And so, you gave us an example of when people ask, you know, when they talk about it, you're able to kind of work together to come up with the solutions, or maybe look at it in a different way.

11:53 - 12:15
Christopher Hensley, RICP®
You also shared with us the power of time, right, and so, where that, you know, we've heard it is compound interest, or the the power of compounding interest, but the other example you gave us as if you're somebody late in life and you're saving for an inheritance, or if you're in your early twenties, your biggest resource can be time, and then you started with budgeting.

12:15 - 12:23
Christopher Hensley, RICP®
But one of the things you mentioned is that sometimes there can be fear and anxiety around the budgeting piece of it, so starting them off with something.

12:23 - 12:31
Christopher Hensley, RICP®
Like just simply tracking their expenses, getting an idea of what they're doing on a daily basis, where those dollars are being spent.

12:32 - 12:36
Christopher Hensley, RICP®
Those are three really, really excellent tips, tips for listeners.

12:36 - 12:38
Christopher Hensley, RICP®
So thank you for, for sharing that.

12:39 - 12:43
Christopher Hensley, RICP®
I want to ask you about the future, looking ahead.

12:44 - 12:47
Christopher Hensley, RICP®
What emerging trends do you see in personal finance?

12:47 - 12:51
Christopher Hensley, RICP®
And how do you plan to integrate these into your podcast discussion?

12:51 - 12:57
Money Talk with Skyler Fleming
Yeah, for me, this, this went in my mind to the Prevalence of digital.

12:57 - 12:58
Christopher Hensley, RICP®
Technology.

12:58 - 12:58
Christopher Hensley, RICP®
Hmm, hmm, hmm.

12:58 - 13:02
Money Talk with Skyler Fleming
And maybe there's a, there's a piece in there for cryptocurrencies and things like that.

13:02 - 13:10
Money Talk with Skyler Fleming
But I'm even more so thinking of just how does digital and not physical impact are behaviors because money is majority, behavioral.

13:10 - 13:19
Money Talk with Skyler Fleming
And there's always the thing of spend cash so that you feel it when you hand that $100 bill over so that you feel the money going out of you out of your system and things like that.

13:19 - 13:26
Money Talk with Skyler Fleming
But, even then now, like, I'm so used to using digital means to pay for things, cash doesn't feel like money to me.

13:26 - 13:28
Money Talk with Skyler Fleming
That's just the way it is.

13:28 - 13:36
Money Talk with Skyler Fleming
So, like looking at how our behavior and our mental energy goes around digital items, I think it's something for me to be interested in.

13:37 - 13:51
Money Talk with Skyler Fleming
Because, as the younger and younger people get older, and they start spending money and saying, How do we use these digital tools to help us, instead of just feel like our money is running away from us, because it's so easy to tap to pay, one click checkout and things like that.

13:51 - 13:59
Money Talk with Skyler Fleming
And understanding that, adapting my podcast is just going to be bringing on people to talk about it and learn what they've, what they've done and how they can help other people.

14:00 - 14:05
Christopher Hensley, RICP®
I love that, I love that, because what, you're talking about, two different schools of thoughts there, right?

14:05 - 14:11
Christopher Hensley, RICP®
You're talking about just an all cash, old school where people are paying with cash and they're having to track receipts.

14:11 - 14:17
Christopher Hensley, RICP®
And all of that, which, you know, I've heard that in the past and I've used that as for budgeting to help people kind of track it.

14:17 - 14:22
Christopher Hensley, RICP®
There's that painful, I haven't actually physically do the dollar, but that's not where we're at now.

14:23 - 14:29
Christopher Hensley, RICP®
We are, we are in a digital world, and some of the things that you're sharing with us, the fast, the fascinating part.

14:29 - 14:38
Christopher Hensley, RICP®
The behavior around tracking things digitally, being able to just spend cash, and you mentioned the, the one click purchase, right?

14:39 - 14:41
Christopher Hensley, RICP®
Now, we can even do it with our watch.

14:41 - 14:44
Christopher Hensley, RICP®
We can walk into the store, and it'll just come right out of all, I.

14:44 - 14:44
Money Talk with Skyler Fleming
Just.

14:45 - 14:45
Christopher Hensley, RICP®
Smart.

14:45 - 14:47
Money Talk with Skyler Fleming
Speaker, and you're getting something next day.

14:48 - 14:49
Christopher Hensley, RICP®
It's crazy.

14:49 - 14:49
Christopher Hensley, RICP®
It's crazy.

14:49 - 14:53
Christopher Hensley, RICP®
So, that So the, I think that is a really good way to come at it.

14:53 - 14:54
Christopher Hensley, RICP®
And to look at it.

14:54 - 14:56
Christopher Hensley, RICP®
Let's talk about mistakes.

14:56 - 15:05
Christopher Hensley, RICP®
Could you share maybe a personal financial mistake that you've made, and the lessons learned that you wish to pass on to listeners?

15:05 - 15:12
Money Talk with Skyler Fleming
Yeah, this one's a fun one that I love to share with everyone, and I've shared it on my podcast multiple times, because that's how important.

15:12 - 15:16
Money Talk with Skyler Fleming
I think this one is my wife and I, when we first got married, I assumed how she would want to handle money.

15:17 - 15:19
Money Talk with Skyler Fleming
And I assumed it would be the same way as me.

15:19 - 15:25
Money Talk with Skyler Fleming
I'm a very numbers based guy, Spreadsheets, laying it all out, like, here's the math, Here's how the math works.

15:25 - 15:32
Money Talk with Skyler Fleming
And my wife thankfully brought some more of the behavioral and emotional into my life.

15:32 - 15:36
Money Talk with Skyler Fleming
Like it helped me see, OK, I understand now how this impacts our emotions and things like that.

15:37 - 15:43
Money Talk with Skyler Fleming
So, that was the biggest thing for me, is just getting over that hurdle of saying, Well, the math makes sense if we do it this way.

15:43 - 15:52
Money Talk with Skyler Fleming
But the emotions play a bigger role with like student loans, for example, I don't have any student loans, but my wife has some student loans for.

15:52 - 15:53
Money Talk with Skyler Fleming
She's in PA School.

15:53 - 15:56
Money Talk with Skyler Fleming
Now, we do everything joint, so they are our student loans.

15:56 - 16:04
Money Talk with Skyler Fleming
But I approach it from a mathematical stance of saying, OK, we need to make minimum payments, or do this, that, and the other because we can make more in the stock market, right?

16:05 - 16:08
Money Talk with Skyler Fleming
But that doesn't matter, because she feels the weight of the student loans.

16:08 - 16:12
Money Talk with Skyler Fleming
Because, they're for her education, she's not working right now.

16:12 - 16:16
Money Talk with Skyler Fleming
And I am in order to live our life and stuff, so she's feeling the weight of those more.

16:16 - 16:22
Money Talk with Skyler Fleming
And when she opened up about that, that's the same thing that goes back to when we initially started managing money.

16:22 - 16:24
Money Talk with Skyler Fleming
I wanted to just do the numbers.

16:24 - 16:31
Money Talk with Skyler Fleming
I wanted to put out the math on a spreadsheet, and make sure we're investing in all the right places, set all the thresholds, and things like that.

16:31 - 16:33
Money Talk with Skyler Fleming
And she's like, hang on a second.

16:33 - 16:40
Money Talk with Skyler Fleming
Let's, let's think about how this makes us feel and stuff like that, so that that was huge for us in our marriage and for me to just learn.

16:41 - 16:41
Christopher Hensley, RICP®
I love it.

16:41 - 16:45
Christopher Hensley, RICP®
I love it, That is a very good point to make.

16:45 - 16:52
Christopher Hensley, RICP®
And it's something that doesn't it's not just at the beginning of a relationship with couples That goes on throughout your life.

16:53 - 16:56
Christopher Hensley, RICP®
So, I know you're you're in Utah, right?

16:56 - 16:57
Money Talk with Skyler Fleming
Yes, and.

16:57 - 17:02
Christopher Hensley, RICP®
I I'm here in Texas and and you know, couples they manage money differently.

17:02 - 17:06
Christopher Hensley, RICP®
Some of them have joint account, some of them and individual accounts, right?

17:06 - 17:13
Christopher Hensley, RICP®
Depending on what state you're in, sometimes that will kind of push you towards, you know, what, how the state sees the way that you style accounts.

17:13 - 17:23
Christopher Hensley, RICP®
But even just the communication that you guys had working together, where you were, probably more of the analytic, because it was about dollar signs to you?

17:23 - 17:27
Christopher Hensley, RICP®
And then she brought in the emotional component and said, Well, you know, how does this feel?

17:27 - 17:28
Christopher Hensley, RICP®
What are we trying to accomplish?

17:29 - 17:38
Christopher Hensley, RICP®
And so, getting those two together, I think that's a great story to share with listeners, because that really helps them with that conversation.

17:38 - 17:39
Money Talk with Skyler Fleming
For.

17:39 - 17:39
Christopher Hensley, RICP®
Sure.

17:40 - 17:40
Christopher Hensley, RICP®
I would.

17:41 - 17:47
Money Talk with Skyler Fleming
Add to that if you're both maybe mathematical people or you're both emotional people, you gotta look at it from the other.

17:47 - 17:50
Money Talk with Skyler Fleming
Like, it's, it's, it's mind, like, eye opening, unlocking.

17:50 - 17:52
Money Talk with Skyler Fleming
All those kinds of terms.

17:52 - 17:57
Money Talk with Skyler Fleming
When you make the connection, when you're one way and you look at it, the other, like, it can be huge.

17:57 - 18:02
Money Talk with Skyler Fleming
And very like, powerful towards moving your, Like, financial progress forward.

18:03 - 18:07
Christopher Hensley, RICP®
I love that, because there's, you know, the idea of people complementing each other.

18:07 - 18:12
Christopher Hensley, RICP®
But then there's also the idea of finding people that fill in your gaps, as well, right?

18:12 - 18:24
Christopher Hensley, RICP®
So if your dominant in one area and you look for somebody who's stronger and the other areas, sometimes that works and sometimes you know so that that's I think that's a real good way to kind of look at that working with couples there.

18:25 - 18:30
Christopher Hensley, RICP®
Let's talk about guess selection for your podcast because you are a podcaster.

18:30 - 18:31
Christopher Hensley, RICP®
You've been doing this for some time here.

18:32 - 18:37
Christopher Hensley, RICP®
How do you select the experts and the everyday individuals featured on your podcast?

18:37 - 18:41
Christopher Hensley, RICP®
What do you believe they bring to the conversation on financial management?

18:42 - 18:43
Money Talk with Skyler Fleming
Yeah, I want to hear interesting stories.

18:43 - 18:46
Money Talk with Skyler Fleming
That's my, my whole thing is hearing interesting financial stories.

18:46 - 18:49
Money Talk with Skyler Fleming
So really, everyone has some sort of financial story.

18:49 - 18:55
Money Talk with Skyler Fleming
So that's what I want to hear from people, is them saying, Hey, here's here's how I grew up with money and how that impacted me.

18:55 - 18:57
Money Talk with Skyler Fleming
Here's what I'm doing now, and how that impacts my family.

18:57 - 19:00
Money Talk with Skyler Fleming
Here's what I'm doing to teach future generations money.

19:00 - 19:11
Money Talk with Skyler Fleming
And that's, that's what's so fun to hear, because everyone has this story, everyone has a story that they may or may not be willing to share, but if I can get those stories out of them, that's when people can make connections.

19:11 - 19:18
Money Talk with Skyler Fleming
And that's my job is to help listeners make the connection to what they're hearing, because all of the stories have the same underlying threads.

19:18 - 19:19
Money Talk with Skyler Fleming
Someone can share a story.

19:20 - 19:22
Money Talk with Skyler Fleming
They saw their parents in debt, so now they avoid debt.

19:22 - 19:39
Money Talk with Skyler Fleming
Or they saw their parents being super wealthy, so they tried to live that lifestyle, and now they're into it, Like, there's always those crossing threads, even though everyone's stories unique, and that's my job as the host, is to connect, though, so that people can say, Oh, yep, There's the connection, here's what they did, how can I apply that to my life?

19:39 - 19:48
Money Talk with Skyler Fleming
So, really, everyone has a financial story, So, I'm open to anyone coming on, It's just fun to get, to talk about money, but making sure we, we get to that financial story and share, so we can help each other.

19:49 - 20:02
Christopher Hensley, RICP®
I think that is key to what you're doing there, the stories, the idea of that oral tradition, some of the stories that people pass down from family members to, you know, it doesn't make it past the family, right?

20:02 - 20:17
Christopher Hensley, RICP®
And so when you dig into these stories about their finances and their money, and they have these interesting stories, it may be stuff that nobody else has heard outside of their there, their, their group, bright, or their family, or their tribe, right?

20:17 - 20:25
Christopher Hensley, RICP®
So what a, what a great way to focus on on the guest selection as being able to share those stories and pass that on.

20:25 - 20:33
Christopher Hensley, RICP®
Now, since we are here in April, I, again, I want to focus on Financial Education for Financial Literacy Month.

20:33 - 20:37
Christopher Hensley, RICP®
In your opinion, what role does financial education play in society?

20:38 - 20:43
Christopher Hensley, RICP®
And how can we better integrate it into our education system to prepare future generations.

20:43 - 20:45
Money Talk with Skyler Fleming
Yeah, money, money is everything.

20:45 - 20:53
Money Talk with Skyler Fleming
I'm not saying, it's the, it's not the only thing, but it impacts everything, like every decision you make has a financial element behind it.

20:53 - 20:56
Money Talk with Skyler Fleming
Like if you purely think about it, Maybe there's a few that don't.

20:56 - 21:00
Money Talk with Skyler Fleming
And I'm sure maybe there's a couple that come to mind, but let's think about everything we do.

21:00 - 21:02
Money Talk with Skyler Fleming
Are you driving to work every day?

21:02 - 21:03
Money Talk with Skyler Fleming
There's money behind that.

21:03 - 21:07
Money Talk with Skyler Fleming
Are you choosing to bike somewhere instead of drive or like theirs?

21:07 - 21:10
Money Talk with Skyler Fleming
There's that element of finance behind everything we do.

21:10 - 21:14
Money Talk with Skyler Fleming
And I think if we can help kids understand that sooner than later.

21:14 - 21:17
Money Talk with Skyler Fleming
One, they're gonna make better decisions, But they're going to be more conscious of it.

21:18 - 21:22
Money Talk with Skyler Fleming
They're not just going to go out and buy the fancy car, because they got their first job or something like that.

21:22 - 21:30
Money Talk with Skyler Fleming
They're gonna realize, Hey, this increased salary, how does that, how does that take advantage of all the time I have, because they just have those seeds planted.

21:30 - 21:34
Money Talk with Skyler Fleming
And that's one thing that I like to do is have those seed planting activities.

21:34 - 21:36
Money Talk with Skyler Fleming
I think that's something that could be huge.

21:36 - 21:40
Money Talk with Skyler Fleming
The little bit of, OK, we're in English class or something.

21:40 - 21:44
Money Talk with Skyler Fleming
Let's have, maybe, a little bit of a conversation about how we talk about money.

21:44 - 21:53
Money Talk with Skyler Fleming
Or we're in physics class, There's, There's a little, there's always ways to integrate money, I think, into everything, because it does play such a huge role in our life.

21:53 - 21:58
Money Talk with Skyler Fleming
So just tiny little activities to plant the seat in everyone's mind, I think, will be super helpful.

21:59 - 22:00
Christopher Hensley, RICP®
That's, that's strong as well.

22:00 - 22:03
Christopher Hensley, RICP®
So, you know you started with money, is everything, right?

22:03 - 22:12
Christopher Hensley, RICP®
And I think that's true, I think there's a way to associate a dollar sign to almost anything you talked about driving or versus biking there.

22:12 - 22:16
Christopher Hensley, RICP®
You know, there's a financial vote there with your dollar, right?

22:16 - 22:28
Christopher Hensley, RICP®
And then the idea of just children and kids Learning about their finances and the overlap between financial literacy and things that we don't think about, like English or science?

22:28 - 22:41
Christopher Hensley, RICP®
And taking a moment to bring that financial lesson into those subjects is a great way to come at the financial literacy or financial education younger in life and what you call planting seeds, right?

22:41 - 22:45
Christopher Hensley, RICP®
Putting those seeds in there so that they make better decisions down the road.

22:46 - 22:51
Christopher Hensley, RICP®
Let's talk about just personal reflections on future goals here.

22:51 - 22:55
Christopher Hensley, RICP®
Reflecting on your journey so far, and looking into the future.

22:55 - 22:57
Christopher Hensley, RICP®
What are your personal goals for money talk?

22:58 - 23:01
Christopher Hensley, RICP®
And how do you envision its impact on financial literacy?

23:02 - 23:12
Money Talk with Skyler Fleming
Yeah, I want to be a community for conversation to help open people's eyes to the real power, that having conversation can have it, whether it's money or not.

23:12 - 23:14
Money Talk with Skyler Fleming
Having conversations is just is huge.

23:14 - 23:19
Money Talk with Skyler Fleming
We so often, we only read articles, We only read other people's posts.

23:19 - 23:24
Money Talk with Skyler Fleming
We only, we only consume, when we're giving, and when we're contributing to conversations, that's super powerful.

23:24 - 23:36
Money Talk with Skyler Fleming
So, as it relates to money, I want my impact to be one where people can get on the right track, because they hear that story, that clicks, they hear that, underlying thread, that helps them connect.

23:36 - 23:47
Money Talk with Skyler Fleming
I had a couple recently on my podcast where the husband found himself with some lifestyle creep, and then they were dating, and she said, absolutely not like money is a non negotiable, you gotta get on the same page.

23:47 - 23:48
Money Talk with Skyler Fleming
And they worked through that.

23:48 - 23:54
Money Talk with Skyler Fleming
And that was a really powerful story of him, getting out of credit card debt and stuff, and adjusting some of the ways he spends money.

23:54 - 23:59
Money Talk with Skyler Fleming
And for another couple to be able to hear that story and say, Hey, this is how I'm feeling.

23:59 - 24:05
Money Talk with Skyler Fleming
I didn't know the words of how to tell you, but here's a story, Can you listen to this, and then can we talk about it?

24:06 - 24:07
Money Talk with Skyler Fleming
Like, that's awesome.

24:07 - 24:13
Money Talk with Skyler Fleming
Like, any any chance to have one of those stories connect with someone would be just the ultimate goal.

24:13 - 24:14
Christopher Hensley, RICP®
Awesome.

24:14 - 24:14
Christopher Hensley, RICP®
Awesome.

24:15 - 24:15
Christopher Hensley, RICP®
Now, scholarly.

24:15 - 24:26
Christopher Hensley, RICP®
We are bumping right here towards the end of the show, that was a quick, 30 minutes, it goes by super fast, so listeners who would like to learn more about you or listen to the podcast.

24:26 - 24:29
Christopher Hensley, RICP®
Where can they find out more about you in the show?

24:30 - 24:32
Money Talk with Skyler Fleming
Yeah, it's called Money Taco Skyler Flemming.

24:32 - 24:33
Money Talk with Skyler Fleming
I'm sure you can find it anywhere.

24:33 - 24:35
Money Talk with Skyler Fleming
You're listening to this podcast on YouTube.

24:35 - 24:37
Money Talk with Skyler Fleming
And my website is Skylar fleming dot com.

24:37 - 24:39
Money Talk with Skyler Fleming
I have a contact form on there.

24:39 - 24:46
Money Talk with Skyler Fleming
I'm always happy to take questions, or if anyone listening is like, Hey, I have this story I'm dying to share, I'm happy to talk to anyone about money.

24:46 - 24:47
Money Talk with Skyler Fleming
So I'd love to have anyone on the show.

24:47 - 24:48
Money Talk with Skyler Fleming
I.

24:48 - 24:49
Christopher Hensley, RICP®
Love it.

24:49 - 24:49
Christopher Hensley, RICP®
I love it.

24:49 - 24:51
Christopher Hensley, RICP®
Now, if you're driving right now, you don't have to get a PN.

24:51 - 24:53
Christopher Hensley, RICP®
We're going to have links to each of those.

24:53 - 24:57
Christopher Hensley, RICP®
The YouTube the podcast there that's going to be on the podcast notes.

24:57 - 25:00
Christopher Hensley, RICP®
And our last few minutes here, Skyler: What am I?

25:00 - 25:03
Christopher Hensley, RICP®
Forgot to ask you that you'd like to share with the listeners today?

25:04 - 25:05
Money Talk with Skyler Fleming
Oh, that's a good one.

25:05 - 25:14
Money Talk with Skyler Fleming
Um, just the, I guess my mind goes to, just to re-iterate the impact of conversations, both for the person starting it and finishing it.

25:14 - 25:19
Money Talk with Skyler Fleming
One thing that's come into my mind, again, is, what do we do when we're afraid to start the conversation?

25:19 - 25:27
Money Talk with Skyler Fleming
Well, my tip is to present somebody else's situation and ask the question to kinda get over that fear of starting it.

25:27 - 25:32
Money Talk with Skyler Fleming
So let's say the person listening finds themselves in credit card debt.

25:32 - 25:33
Money Talk with Skyler Fleming
For example, That's something that's common.

25:33 - 25:41
Money Talk with Skyler Fleming
But they're afraid to ask their friend how to get out of it, because they know their friend maybe isn't in a bad financial situation, or that's what they're assuming at least.

25:42 - 25:44
Money Talk with Skyler Fleming
So I would say, take a situation that you either find online.

25:44 - 25:50
Money Talk with Skyler Fleming
There's plenty of them on Facebook or whatever, Find someone else's situation and say, Hey, what did you think about this?

25:50 - 26:00
Money Talk with Skyler Fleming
Like, have the conversation as if you're the person presenting someone else's situation, and that's going to help you work through the mindset to be able to present your own down the road.

26:00 - 26:08
Money Talk with Skyler Fleming
So that's a that's a fun exercise, I suggest for people, is take someone else's situation to work through and break the money talk ice, so to speak.

26:08 - 26:09
Christopher Hensley, RICP®
I love it.

26:09 - 26:09
Christopher Hensley, RICP®
I love it.

26:09 - 26:12
Christopher Hensley, RICP®
What a good thought to leave with today, Skyler.

26:12 - 26:13
Christopher Hensley, RICP®
Thank you so much for being on the show.

26:13 - 26:15
Christopher Hensley, RICP®
Have a good rest of the day there.

26:16 - 26:16
Money Talk with Skyler Fleming
Yes, thank you.