Creating Financial Security For You & Your Family

Ian Hawkins 0:02

Are you ready, ready to release internal pain to find confidence, clarity and direction for your future, to live a life of meaning, fulfillment and contribution to trust your intuition again, but something's been holding you back, you've come to the right place. Welcome. I'm a Ian Hawkins, the host and founder of The Grief Code podcast. Together, let's heal your unresolved or unknown grief by unlocking your grief code. As you tune into each episode, you will receive insight into your own grief, how to eliminate it and what to do next. Before we start by one request, if any new insights or awareness land with you during this episode, please send me an email at info at the end Hawkins coaching.com. And let me know what you found. I know the power of this work, I love to hear the impact these conversations have. Okay, let's get into it.

Around 2009 or 10. Seven a conversation with a family member and they were talking about their father be unable to retire because their superannuation. In Australia, their retirement fund had crashed with the markets with the global financial crisis that we had. And this was just an absolute moment of change for me. For those who have been longtime listeners would have heard me referenced this story before. And also a time when I knew that I had to make changes. I knew that this, this couldn't be I couldn't be at the mercy of things outside of my control, there must be a better way. And it really motivated me to change. Now learn some really important lessons because I started asking better questions. And I started getting better answers. And I was led to connect with my first mentor. But initially, I wasn't a mentor, I was listening to all these different things that he was talking about. And he kept talking about a mindset upgrade. Now. Like one of my clients said recently, despite of himself, he'd been quite successful. Now for me, that was a case of a number of different areas. But there was still a number of areas that I really wish I had more success. But just realizing that I can take control of this, that I could actually change my mindset that I could actually change my attitude towards things and I could create new patterns of behavior. Now, one of the key areas for me for wanting change was to provide that financial security for my family for myself. And when we talk about security, this is an important part. It's often not exactly what we think it is. Because usually we think it's having a big house, a nice car, and all the money to do the travel and all those different things, right? So they come into a white wine, why would you not want to have those things. But that's not where the security comes from. The security comes from the certainty. The security comes from knowing you've got a longer term plan to continue to build that security. To have the patience to know that these, this kind of security is not going to come with a magic bullet, nor a get rich quick scheme. But from having a strategy, a proven strategy. From someone who's been there and done that. Now, this mentor, when I was listening to him before I started working with him, he used to talk all the time about just there are a number of different ways to build wealth. And he was certainly he used to interview other people and get a whole lot of different ideas about how to build wealth. And His thing was like, well, whatever way you choose. Just make sure you'll only have someone who knows who's done it. And he'd been through a number of the property cycles. So we're talking 30 plus years. In the property, building wealth through property, marketplace, there's plenty of people who are just joining in and they're following a system and they call themselves experts, but there's no substitute for somebody who's been through that many of the ups and downs of the property market. So when you are looking to build wealth to build that financial security, come back to self work, I said there's a million different ways to build financial security, but you need to know what it is that you're building and for. Why are you building? What does actually security look like? That how do you have a system to be able to build on that? Now one of the things that we weren't doing very well was budgeting and having a plan and that concept of delayed gratification. So these are all key elements to be able to slow down and get clear and be prepared to go through short term pain to get long term gain. That one of those areas for my wife and I, it has been, what security looks like for us from a life perspective. And we made a conscious choice to, we'd set up our financial security to a degree. And we had a long term plan. And then we had a change of plans because we decided to prioritize lifestyle, to bring in other elements of security. So our children knew that they were secure, because they were getting the best of us, not what they were getting before, which was the absolute worst of us, working too many hours, long days, not present. Disconnected from them. And we missed the we missed a few things, we dropped the ball. And we missed some big things which could have ended up way, way worse than they did. And I feel so appreciative that the worst case didn't happen. But it also looked back at that time still thinking, man, what, how did we get to that point. So I'm talking things that were happening for both of our children like big stuff that we just missed. So we shift, we shifted, we change direction, and we prioritize a different sort of security. And the so the security is around freedom. And there's still a financial aspect to that, absolutely. But we can still create that security, by both dropping down from those well paid corporate roles, and then manage it so that we had that security, then we can build in another different different different direction. So still property, but now focusing, obviously more business and then other different opportunities. And that was one of the things I learned through this financial security is having a number of different use different revenue streams. Now I grew up with the old adage of get a job, work hard, save hard, pay off your house, have no debt, and you'll be happy. Prom is without a whole lot of other different skills, the reality is that it can be a trap, and you don't end up happy. Because other patterns of spending and inability to do even follow that basic system can be more difficult than it actually sounds. So when you moving forward, it's reinventing what that looks like and being open to different ways. And as I said, building other revenue streams, and my house otter was one revenue stream, that was my dad's pay. And that was that. But there's a potential for so much more. And to be able to create a lifestyle of your own choice. Now, for some of you staying at a job is perfectly fine. And there's nothing wrong with it. And for some people, that's the right thing to do. I'm never telling people they should get out if anything, if they thinking they want to start a business or they've started a business and they're not earning. I mean COURAGING but never obviously ordering encouraging them to go, Okay, well, how can you get money coming in? Is there a job you can take? Because there's nothing like the security of having that consistency, until you can build consistency in another area. Now, when you've got a few different revenue streams, particularly if they're passive, that has money coming in while you or you're not even doing anything, then you start to build more of that security. Now, I'm by no means an expert in that concept of wealth creation, from a specific traditional wealth creation process. But I've learned a fair bit about how you create the space to invite in wealth, how you peel back those old patterns that are restricting you from inviting in more wealth. Again, come back to that place of not not so that you can be in inverted commas rich, but so you can feel whatever secure looks like to you. So you can create that security for yourself and for your family. And I don't know about you, but that's a big driver for me. Part of my y which I've mentioned on previous episodes, knowing your Y is to be able to have any research resource that I need to be able to provide for the most important people in my world. And at the moment, the reality of society is I'm going to need to manage have that. So that's a key driver.

I've got a number of different revenue streams at the moment. And I'm always looking to increase them not by just diving into anything, but with things that are in alignment with my values, my wife's values, our family values, and then also putting it through the lens of our own priorities and what we know about the sort of people we want to do business with.

And, as always, anything like this that requires growth starts with clarity. There's a great book out there. Well, there's many great books like this, that go way back to to thinking Grow Rich from Napoleon Hill, like 100 years ago. But the content of these book is all fairly similar. And the one that was big for me was Bob Proctor as you were born rich. And he talks about a number of different things started, including make sure you've got your insurance in order and all those different things. But then also getting really clear on what your ideal life looks like down to the last set. Because how do you know what you're working towards, if you don't know what you're working towards? And these concepts were just such a breath of fresh air for me, because I'd always like that sort of working middle class sort of upbringing where we never quite felt like you were getting your head, you always sort of had to think Well, how am I going to get anything new here? Or is it going to be hand me downs or but that change is possible. Regardless, if you were born into money or not, there's going to be patterns of, of insecurity, the playing out a few anything from the statistics in, in Sydney, around University dropout rates from people of wealth, but then also their ability to then make a comeback, because what they've learned from their family about building wealth and then finding the right job, and there's a million different ways based on who you are and what you've brought up. But what's still true for everyone isn't there's gonna be patterns of behavior that lead you out of that sense of security, whether it's within yourself, whether it's around finances, or any other part, that is important for you for security. And it requires a change of thinking, whether you believe in the concept of mindset, or just an upgrade of beliefs, your ability to attract whatever it is. So get clarity on where you're heading. Whether you go to the depths of getting very clear exactly what your perfect year looks like, and how much money you will need. I'm a fan of that it actually had quite a big impact for me. And it's amazing what's changed over the years since I did that first calculation of the sort of things that I thought I wanted and what I thought were important and and how that's changed. And now what I've realized is that to make the difference in the impact I want to make in the world, I'm going to need a whole lot more than what I originally set out. Not for me, but because the more money I can have is, the bigger the platform I can build to help people. Now, huge platform is not going to be important for all of you. But I know for some of the people that listen to this, because I've spoken to them directly. And they've told me that they do want to create a big platform, they do have a huge motivation to help change, to create more goodness in this world, to bring more joy, more fulfillment, and to create a better, healthier community, individually and collectively. Because they've seen what's not working, they want to change that. Now, whether you're coming back again to just your own personal preference or insecurity or that bigger platform, it starts and ends with you. So get clear. Keep a journal start filling your mind with what's possible. The other thing that came to mind is what what Michael well mentor around this stuff used to save his salary is one of the worst predictors of wealth. And for this reason, was because what tends to happen is when people get an increase in salary, they also have an increase in spending. Again, these are habits These are behaviors these are repeating. It is in the minority for people to be able to say, Oh, here's more money. Here's a bigger pool of money. Let's actually have a stir algae around that. And if that's you, you're doing that then great. I still know that there'd be things you can tweak there. And they'll be ways you can get better. If you're not, if you know there's a bit of a pattern for you starting to have to think about what that a different way of living would look like. And again, it's got to get down on paper or in some way, it's got to get out of your head and onto something else. Imagine that, whether it's your journal or or a vision board or whatever, but it's, it's your masterpiece of the future. Take the time to do that. Totally worth it. Totally worth it. i This is a conversation that could go much much deeper or leave it for there for now. I'm sure we'll come back and talk around this sort of stuff in the future. But it was a real game changer for me going back now, over 10 years, changing my mentality around abundance, not just financial, but in all areas of life, and being open to change and possibility and all of the full expression of what life can bring. Or how

I hope you enjoyed this episode of The Grief Code podcast. Thank you so much for listening. Please share it with a friend or family member that you know would benefit from hearing it too. If you are truly ready to heal your unresolved or unknown grief, let's chat. Email me at info at Ian Hawkins coaching.com You can also stay connected with me by joining the Grief Code community at Ian Hawkins coaching.com forward slash The Grief Code and remember, so that I can help even more people to heal. Please subscribe and leave a review on your favorite podcast platform