You need financial stamina as much as you need resilience

We often talk about money as if it’s all about the finish line. Retirement, a big portfolio number – it’s like we’re aiming for that end-point and assuming everything stops there. Our relationship with money is a lifelong one. It’s a journey of resilience and stamina, where the ability to bounce back and keep going is just as important as hitting the big milestones.

This is a clip from ep 166 of the rich & REGULAR podcast.

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It’s time for your 2024 midyear money check-in and in this episode, we discuss the importance of celebrating the overlooked smaller financial wins and milestones. We know the feeling – it’s easy to get caught up in big goals, like buying a house or retiring early. But what about the smaller victories along the way?

Julien reflects on the feeling of hitting “zero-naire” status after paying off debts, and how his mindset has shifted from constantly chasing a bigger number to finding contentment in the present. Kiersten reveals how shifting her perspective on saving from a rigid “all or nothing” approach to a more fluid and sustainable strategy led to greater financial confidence and a more positive relationship with money.

We also discuss the power of “sweat equity” in both personal and financial growth, and explore how to apply this concept to everyday life. Whether it’s cooking at home instead of eating out, cleaning your patio yourself, or finding ways to increase your savings rate, every small win counts!

After this episode, you might be surprised at how much joy and progress you can achieve when you take the time to appreciate the little things.

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