The Property Vault Podcast - 047 - Building Financial Foundations with Catherine Morgan, Founder of The Money Panel

In this podcast episode, hosts Dan Hulbert and Amy Rowlinson team up with Catherine Morgan, Founder of The Money Panel and The Money Circle® to discuss money and the importance of building solid financial foundations. Together, they discuss the emotional relationships that people have with money, how stress and fear drive financial decisions and how the beliefs people have around money when growing up can affect their financial decisions today. They also consider how to differentiate between good and bad debt and assets and liabilities.  Catherine advocates the value of allocating every single pound that comes into your account and giving it a specific purpose. She also recommends that you to look at your spending habits that do not serve you and reallocate the money to another purpose. Catherine talks what actions to take and how to seek support if you are in bad debt and how to build solid financial foundations and diversification of your investments. Catherine also speaks about her fast-paced money challenge which will make you rethink your relationship with money.  LINKS  Need debt advice or worried about money?  https://www.stepchange.org/  Here is the link to Catherine’s Plug Your Money Leaks Challenge which starts on 20.1.20. https://catherinemorgan.com/5-day-plug-your-money-leaks-challenge-3/   In Her Financial Shoes Podcast link https://podcasts.apple.com/gb/podcast/in-her-financial-shoes-podcast/id1449065629     BOOKS  The Financial Wisdom of Ebenezer Scrooge: 5 Principles to Transform Your Relationship with Money by Brad Klontz and Rick Kahler  Rich Dad, Poor Dad by Robert Kiyosaki  Mindset by Dr Carol S Dweck  Profit First by Mike Michalowicz    ABOUT CATHERINE MORGAN  Catherine Morgan is a multi-award winning qualified financial planner and money coach, on a mission to change the financial services industry from one of complicated financial products to one that helps educate in simple language with no financial jargon (and no suits!). She is the founder of The Money Panel and The Money Circle®.  In 2018 and 2019, she was nominated as a Finalist for 3 Awards in the Women in Financial Services Awards and in 2019 she won a Highly Commended award for ‘Role Model of the year’ 2019. In 2018 and again in 2019, her Money podcast was nominated as a finalist for UK Money Blogger SHOMO award for Best Money Podcast... this is now an official Podcast called ‘In Her Financial Shoes’ on iTunes & Spotify. She has been featured in Forbes, The Telegraph, Stylist, Good Housekeeping, Closer, The Daily Mail and Huffington Post. She also is a Co-author for an Amazon best-selling book, ‘The Woman I’m becoming,” inspiring teenage girls as they approach life’s challenges and crossroads.   In 2019, Catherine has joined as a Director for the Executive of, ‘Initiative for Financial Wellbeing.’ The initiative is to bring people together under the umbrella of money and happiness, to help clients to become happier not just wealthier. One thing Catherine is passionate about is getting people talking about money.   Money can be a very isolating subject; someone might have had a bad experience that’s left them fearful about money, so they bury their head and don’t deal with it. Someone might feel ashamed or embarrassed that they’ve got themselves into a difficult financial situation. Catherine regularly produces video content in her community in her pj’s to get others to relax around the taboo subject of money! "I’m on a real mission to encourage women to address those taboo subjects around money and explore the emotional and practical sides of money. Manage the emotion, manage the money.”     ABOUT THE HOSTS ABOUT DAN HULBERT Dan Hulbert is a property professional and strategic build partner to property investors with 17 years’ practitioner experience having started on the tools and then built his own portfolio. A builder’s knowledge combined with an investor’s mindset, Dan currently works with clients who seek professional advice within the areas of property and construction as a Build Consultant and Project Mentor. CONNECT WITH DAN HULBERT Dan Hulbert Instagram - https://www.instagram.com/dan_hulbert/ Dan Hulbert Facebook Page - https://www.facebook.com/OfficialDanHulbert/ Dan Hulbert LinkedIn - https://www.linkedin.com/in/danielhulbert/ Dan Hulbert - www.danhulbert.com ABOUT AMY ROWLINSON Amy Rowlinson has 14 years’ residential landlord experience and has built a portfolio of HMOs in the south. As well as continuing to build her property portfolio, Amy is a Coach and Mentor working with clients empowering them to discover the life they dream of by assisting them to make it their reality through their own action taking.  CONNECT WITH AMY ROWLINSON Book a Free 20-min Coaching Call with Amy - https://calendly.com/amyrowlinson/enquirycall Focus on WHY Podcast - https://bit.ly/focusonwhy  Focus on WHY Instagram - https://www.instagram.com/focusonwhy/ Amy Rowlinson Instagram - https://www.instagram.com/amy.rowlinson/ Amy Rowlinson Facebook Page - https://www.facebook.com/RowlinsonAmy/ Focus on Why Facebook Page - https://www.facebook.com/focusonwhy/ Focus on Why Facebook Group - https://www.facebook.com/groups/focusonwhy/ Amy Rowlinson LinkedIn - linkedin.com/in/amyrowlinson HOSTED BY: Dan Hulbert & Amy Rowlinson Disclaimer The views, thoughts and opinions expressed in this podcast belong solely to the hosts and guest speakers. Please conduct your own due diligence before investing in property.