The Get Ready Money Podcast

The Get Ready Money Podcast with Julie Murphy: Financial Healing

• Tony Steuer

Share episode

Send us a text

On the latest episode of The Get Ready Money Podcast, I spoke with Julie Murphy, Author, Speaker and President of JMC Wealth Management about changing the way we think about financial healing.


In this episode we discussed:

  • The best investment you can make is in your health. 
  • Be authentically yourself. 
  • Why you should align your linear brain with your emotional brain. 
  • The importance of making conscious choices.
  • Understanding that money is energy. 
  • Build up confidence by accomplishing what’s important to you. 

Julie Murphy is a Chicago-based CERTIFIED FINANCIAL PLANNER™ and founder and CEO of JMC Wealth Management, Inc. Julie received her BS in Finance from the University of Illinois Champaign-Urbana and her MBA from The University of Notre Dame. A 27-year veteran of the financial services industry, Julie and her team have successfully served thousands of clients throughout the U.S. and abroad.  Julie is adept at all the critically important financial and life planning aspects.  Consulting areas include, but are not limited to, portfolio management and asset allocation, including risk management, college planning, business and retirement planning, estate planning, life, disability, and long-term care insurance.   Unlike other CFPs, Julie’s approach is unique. She works with clients to uncover their " relationship" to their assets. Her time-tested program, PACT (P: Picturing Yourself, A:  Accepting Reality and Awakening, C: Choosing to Change, T: Taking Action) has transformed countless client's lives.

Connect with Julie Murphy:  


LinkedIn:  https://www.linkedin.com/in/juliemariemurphy/

Facebook: https://facebook.com/AwakenWithJulie

Instagram: https://instagram.com/AwakenWithJulie

Pinterest: https://pinterest.com/awakenwithjulie

TikTok: https://www.tiktok.com/@awakenwithjulie

X: https://twitter.com/AwakenWithJulie

YouTube: https://www.youtube.com/c/JulieMurphy


Website: https://www.juliemurphy.com/

JMC Wealth Management: jmcwealth.com 

Free IMPACT Workshop: https://www.impactyourlifenow.com/registration-page

Free Worksheet: https://www.impactyourlifenow.com/Free-Downloads



Podcast:

Wake Up To Your Wealth with Julie Murphy (listen on Anchor) (Spotify)


Book:


Awaken Your Wealth | Creating a PACT to Optimize Your Money and Your Life (Amazon) 

Awaken Your Wealth Workbook: Creating a PACT to OPTIMIZE YOUR MONEY and YOUR LIFE (Amazon)

The 4 Spiritual Laws of Money: Your Journey to Real Wealth (Amazon) 

The Emotion B

Support the show

The Get Ready Money Podcast and its guests do not provide investment advice. All content is for educational purposes. Guest opinions do not necessarily reflect the opinions of The Get Ready Money Podcast and Tony Steuer.

Speaker 1:

Are you looking to get ready, be prepared and transform your financial future? Then you've come to the right place. This is the Get Ready Money Podcast with Tony Stewart, where Tony has insightful conversations with financial experts who are changing the way we think about money. Catch up on the latest financial trends and hear practical advice from Tony and his expert guests so you can build healthy habits that work, Be empowered with tips for implementing small changes that can have a big impact on your financial future. So sit back and get ready to hear from today's guest.

Speaker 2:

Welcome to the Get Ready Money podcast changing the way we think about money. I'm pleased to be joined today by Julie Murphy. Julie is an author, speaker and president of JMC Wealth Management. In this episode, we'll be discussing Julie's insights on how we change the way we think about money and financial healing. Julie, welcome to the Get Ready Money podcast. Thanks for joining us today.

Speaker 3:

Thanks, tony, thanks for having me.

Speaker 2:

Yeah, excited for the conversation. So you know, this is where I start out with all my guests. Tell me a little bit about yourself. What is your origin story?

Speaker 3:

Yeah, my origin story. So back when I you know, I didn't grow up with money I am one of 12 children worked my way and I remember reading the newspaper finance section as I was delivering the newspapers in sixth, seventh and eighth grade. And that's how I started in finance and then went to, you know, put myself through my undergrad at the University of Illinois and my graduate work at Notre Dame, and then I was too stubborn to go work for any big business. So I actually, at 22 years old, started my own financial planning firm as a sole proprietor. I found a big vendor in the marketplace that was letting you be what they called a subordinate employee and that allowed me to contractually actually keep my clients that they didn't own they weren't owned by the big firm, which is part of our disconnects in the industry of who owns the client right.

Speaker 3:

They create some of the disconnect, and I've just had great mentors over the years and I just continued to be more of who I am in the world, finding myself that there is this unbelievable connection between our health and our wealth, and I've now realized that we, as humans, we either work things out or we act it out, and we do it through our money, our health or our relationships. And that's what my books are based on. My first book was the Emotion Behind Money, because what I realized is our industry. Not until more recently, when they started talking about behavioral finance, they actually didn't take the human emotions into account because it was all numbers driven. But the problem is is that the general public, it's all emotional driven, and so there is this disconnect between the industry and people.

Speaker 2:

And so there was this disconnect between the industry and people, and so that kind of led me to the work that I do today in running my wealth management firm and also my online platform to teach people. At large, they're trying to solve particular problems and challenges and they're not really as driven by investment results and how an investment actually works.

Speaker 2:

you know, sometimes they are especially your engineers, but yeah, those are far and few between exactly, exactly, you know, it's more like, uh, you know especially, uh, thinking about men and women. Is, you know, like especially my women clients, not to generalize, but they're definitely always interested in the solutions. You know, will I be able to take care of my family? Will I be able to, you know, do this and that?

Speaker 3:

and sometimes the men get more bogged down with the numbers and well, and I've had plenty of men who have said I'm here because my wife's going to need you when I'm gone. Right, Because they are the numbers driven and they've handled it for many years being the amazing provider for their families. But from a longevity standpoint, I understand that women and men are getting closer together, but statistically women do live longer and um, and that becomes a real issue, you know, in terms of who's handling the money all those years.

Speaker 2:

Definitely, definitely, and you know um? You've probably seen the statistics of how many divorced women and widows will leave their current financial planner. You know, because they don't feel seen or heard. So yep, yep.

Speaker 3:

That is definitely. Body language is one of the most important things I think that I've learned as a financial planner, because I'll have, you know, a couple in front of me and one of them will clam up and you watch the body language when they cross their arms or they turn their body and I go, hey, what was it that just went through your mind that made you cross your arms? And that's usually the person who doesn't feel hurt, you know, and it's like, if we can pay attention to that body language, even individuals who are watching this podcast, like watch when the money topic comes up, when you're in your relationships, even with it. It's it could be employer relationships, it could be with a spouse, it could be real money with your kids. Watch what your body does when you start to talk about money, because there is a lot of information going on there.

Speaker 2:

Yeah, and I think that gets to what you were talking about earlier. You know, with the behavioral finances, that this is where the real stuff is happening, where your clients are making their decisions is you know there's. You know whether they're. You know, like you said, whether their arms are crossed, whether they're nodding their head, whether they're asking more questions or just sitting there and waiting for the presentation to be over.

Speaker 3:

Right exactly.

Speaker 2:

So that's. That's awesome. So you know how did you get on this mission? Or tell us a little bit more about your mission to financially heal the world. That's a big mission.

Speaker 3:

It is. You know, really, really boil down to that you know I talk about in my second book to let your freak flag fly, and what that means is just be authentically yourself. And I realized back in 2003, I had a colleague in my office that had said you need to stop hugging your clients when they walk in the door, and I was like I didn't understand. Again, going back to the non-emotional side, and that's when I started to decide going oh, I really need to just go be myself in the way I'm being driven to hold this. So that was the day that I gave up all of my business suits and I also moved my office into a non-mahogany desk office space where I had exposed brick. And because I was realizing that people are unpacking their emotions and their dirty laundry, if you will, about all the shame, blame, guilt and judgment they have around money. And I wanted to create an environment that actually was safe for people to unload that stuff Because, in essence, it's almost like money therapy on some level. Because, in essence, it's almost like money therapy on some level, and the payoff for me in helping people to financially heal is that we don't realize how much we make decisions that are actually not in alignment with ourselves because we're trying to do the financially smart thing to do. But I question, is it ever really financially smart if you're actually not taking yourself along for the ride, because so many times we negotiate ourselves away because it's a bigger paycheck, it's a bigger promotion, but yet now your family's suffering and now you don't have quality of life, or you've become more estranged to your spouse because you're really not giving any love and attention to the family life, because you've given all to your career. And that really not giving any love and attention to the family life because you've given all to your career and that's not good or bad, it's just. The question is is that what you really truly want to create? And we are the creators of our lives.

Speaker 3:

And so in this mission of mine, it's really about coming from a place of going. We need to be financially empowered, and so many people are not, and I don't care if you've got multi millions or you're just scraping by. There are so many people who are not walking around from a place of financial empowerment and what I have found is that it's because of our debt structures, not only in this country, but in other countries, because the United States has taught other countries how to do it as well. And people say, well, but I can borrow money at 3% and I can make more money going somewhere else.

Speaker 3:

Yes, that is all true, but if you can't live in the present moment because you're paying for all of your past choices, how in the heck are you going to plant the seeds for the future that it is that you want to create? And this really put me on a mission going wow, we all deserve a way, bigger and better quality of life. And that people argue well, if you have more money than you have better quality of life. Yes and no, I know plenty of trust fund babies that are miserable because the money is controlling them and we don't realize how much we let money control our lives and we really have to take that power back.

Speaker 2:

Yeah, I love that and I'm with you 100% is you know, as you said, that's so much resonated. You know, but especially the part about you know being happy with our choices is you know that so often people make decisions with their money or they buy a product or service but the product or service doesn't really fit what their goal is, and you know, and then they stop, like I saw that a lot in the life insurance world is people would buy a life insurance, possibly because they get talked into it or the advantages, and then they take these huge surrender charges, you know, on the place.

Speaker 3:

I always ask yeah, I ask people well, why did you buy this product? I don't know. The person in the cubicle or office next to me told me it was a good idea. I hear that all the time and I'm like going. You have to understand your why. In my second book, awaken your Wealth, I talk about wise decision-making models and the W stands for you got to understand your why.

Speaker 2:

Why are?

Speaker 3:

you buying this? What purpose is it for you? You know, and like, when it comes to life insurance, I have a worksheet that I have people walk through going if you die, do you want this, this, this, this? Seven different things. How do you want these to happen? Right, and then you pick it, because then you're choosing it from a place of empowerment as opposed to going.

Speaker 3:

Well, I was told that I should just get like a million dollars, and okay, I just did it, right, and the same thing, like with a mortgage. It's amazing to me how many people take out 30 year fixed mortgages and I'll say to them I go, do you want to pay your mortgage off at 76? And they go, no, I go, that's what you just bought. And they go well, I don't want that. I go OK, so we're talked into 30 year fixed products because it's a lower payment, right. But when you ask the other question, going, okay, today you're getting a lower payment, but what about the fact that you'll be paying this till 76? No mortgage broker ever asks that of their clients. I've never seen one yet. But this is the kind of questioning I do because I want to kick the tires from all angles for people, because I want people to come from a place of power, personal power in how they're designing their financial life. But you've got to understand that, why You've got to.

Speaker 2:

Yeah, I love that and I'm with you 100%. I think that people aren't driven by what their actual goals are Like. In this case, their goal is to pay off the mortgage, maybe whenever they're going to be financially independent, if that's 60, 65. And you know, until the end. But that's what they're told by the financial services industry and they hear that from all their friends, because everybody has a 30-year mortgage. So it's kind of like you go with the crowd instead of going. Well, you know, this is what's good for me, so I love that advice.

Speaker 3:

Yeah Well, even when people move, I always say why do you want to start the clock over again? If you've already paid seven years in your current mortgage, why don't you go take another 23 year out so you're still done in the same 30 year time frame? People go you can do that, I'm like you, sure as hell can. And people don't even know that it's even an option to choose your own amortization schedule, Like they just don't know. But this is some of the disconnect that's going on between the general public and the industry.

Speaker 2:

Definitely, definitely. Well, I want to switch up a little bit, because one of the things you talk about is, you know, the brain. So why is it important for people to bridge the emotional right brain with their financial left brain?

Speaker 3:

Absolutely so. We actually in our office we do two risk questionnaires. We have the standard industry one which actually measures your left linear brain and that's just all the questions like you get on your retirement plan, at your employer and all that good stuff. But then we have another behavioral risk questionnaire and what often happens with people is that we actually get a different answer from the right brain and the left brain. Very few people actually have those two in alignment and this is where you have your disconnect why, when you're nervous, when the markets are bouncing around or how you get in money, fights with your spouse, or why you're having spending hangovers, because when you emotionally process, you charge a lot of your credit cards. And so when we take into account the right emotional brain along with the left brain logical and you design a financial plan based on that, you have a solid foundation to the whole part of who you are as a person, because you're not just walking around with just your left brain. You got both sides right. And then you have your two sides plus your spouse's two sides right, or your kid's two sides, and you've got all this dynamic going on spouse's two sides right, or your kid's two sides, and you've got all this dynamic going on and what we need to realize as human beings is that every person walking on this earth has some kind of trauma or rejection before age seven and what happens is that hardwires into our amygdala. So, consciously you may not make the financial choices that you're making. So consciously you may not make the financial choices that you're making, but 97% of the time your subconscious mind is actually your response or reaction to how your world is running and operating to do the same financial patterns over and over and over again. Because we have to interrupt that subconscious mind and build a system that actually brings it from here up to the forefront. So we're doing everything with intention to interrupt that family or community upbringing that you've had around money.

Speaker 3:

It could be that you have so much money in your hoarding and you're not actually living a life because you're so afraid that things are going to. You might be a hoarder, right, and you have all these little. You have five different banks and all these different cities. Like you could have things all spread out, or you could be the person that's, you know, buying all the rounds or dinner all the time and you're the entertainer for all of your friends and they just love being around you because you're a huge giver and they're takers right.

Speaker 3:

And when you start to see whatever your financial pattern is and start to see where it comes from, well, and then you make conscious choices. And the only conscious choice that people make is a compelling reason for something to change and something to be different, and those are the dreams and the new adventures that you want to take in your life. The process I walk my clients through starts with that picturing process. It's picturing the life that you want to create because that's your compelling reason for change, to interrupt these patterns going on in your subconscious mind. That's driving the engine most of the time.

Speaker 2:

Awesome, that's amazing and I think you hit on some things that people don't really think about. Their personal money stories is how they grew up with money. What impacts their financial decisions. You know, maybe it was your parents arguing about money. You know that has an impact. Like you said, that could have happened before you were 87 and that you don't even realize Totally. So, yeah, that's fantastic. So, you know, one of the questions I like to ask, because you know a lot of the listeners are other people in financial services who are on the edge about, you know, writing a book.

Speaker 3:

Right, right. Should I write a?

Speaker 2:

book. How do I find time to write a book? So you know what inspired you to write. Awaken your Wealth.

Speaker 3:

Yeah so my first book was the Emotion Behind Money. And I remember going well, my mother was an English teacher and she said you're writing a book. And I was like Mom, I did get a graduate degree from Notre Dame. I think I figured out how to write since she was my English teacher teaching me how to write when I was in fifth grade, and what inspired me was the fact that I just was really driven to help more people. And people would ask me if I had a book, or do you have more and how do they get it? And I couldn't. I was just kept getting the inkling that I need to write a book.

Speaker 3:

And then a friend of mine calls me up one day. She goes hey, I'm writing a book. And I was wondering you keep talking about this book you're going to write, but you haven't started. Why don't we go to a lake house and we'll just crank it up? I'll go a couple of weekends and we'll just like, sit there and write our books. At the same time she's a psychologist and I was a financial planner and I was like, okay, here we go and that's what we today.

Speaker 3:

But you know, it's just about the fact that understand what your gifts are and meaning like mine is not editing of the book or the organization. So I hired people to help me with the organization and the editing piece right, but I had to get my thoughts out on paper. And then other people can to help me with the organization and the editing piece right, but I had to get my thoughts out on paper and then other people can then help me with the structure. And so you pull in your resources and, yeah, I've got three books now, three workbooks, online courses all built off of those books and workshops and it's great stuff. But you just have to decide that you want to do it. And if you're drawn to do it, well, sounds like you have an inner calling and you just have to decide that you want to do it. And if you're drawn to do it, well, it sounds like you have an inner calling and you just need to put it to paper.

Speaker 2:

That's funny Cause that's the advice that I was given, for my first book is by another. You know author and you know that's what he said. He goes. You'll start to know when you have, when the time is right.

Speaker 3:

Right, I literally got when, when you have, when the time is right, right, I literally got, when I got the, the last intuitive hit, that I was like, okay, it's time for the other book.

Speaker 3:

I'm like, seriously, I was like the timing couldn't have been worse and I'm like going, and now, now I have the four spiritual laws of money you know, and um, it's amazing like you just continue to keep doing what your soul work is and putting it out in the world and and it's. It's been amazing. I mean I had, um years ago, I was uh brought on to a Gene Chatzky show on um Oprah radio and um, and after I published the four spiritual laws of money, that producer of Harpo radio, um, called me up and said, hey, um, I know you have these books, any interest in turning them all into audio books? And I was like, yes. I was like I mean, if the producer of Harpo Radio is giving me a buzz, because he always felt that there was not enough information about the emotional side of money, and so that that is. I didn't get the hit to do the next book, but I got the hit to do them all as audio books. So that's the project I'm working on now.

Speaker 2:

Well, that's awesome and I would say you know, um, you know that this is a way to get your thoughts out and help change the way we think about money is that we all have in the financial services industry. We all come from a different place, and so it's a way to get out your unique message, and clearly your unique message resonated with people and that's what I've heard from other authors in the financial services community is that it's you know it's getting your voice out. It's getting your story out and helping people.

Speaker 3:

And you know people do not realize that, like with Amazon, with my book I have chose to have a budget of $300 a month to have Amazon put ads out there to get my book out to people and we sell, I break even or I make about a hundred dollars a month.

Speaker 2:

So it's not a moneymaker, but I'm changing somewhere between 150 to 200 lives a month with my published works and to me that's money well spent, right, because it's just helping everybody get more financially healthy definitely it will, and you know, and with your courses and everything is you're addressing, one of the big issues that I see in the financial services industry is that we can only handle so many one-on-one clients is that we reach a point.

Speaker 2:

You know most CFPs I know you know they max out 75 to 150 clients that they can serve. So you know it's wonderful. It's a way to also, I think, leverage the help you can give to people and people who don't meet your AUM.

Speaker 3:

Yeah, and that's also why I started group coaching. So I now one of the things that I do is I hold a free workshop every eight weeks. The next week it's if you want to do group coaching. So I do it on a group standpoint. People will pay minimal. I only charge $30 right now per head to be in there and then if they want to take a six week group online course because I need, I can't do I still take on one-on-one clients. My firm does um. Depending on who the client is depends if I can or not Um, but I decided to start teaching people on a group level and I point them in the right direction as to, like, where you can go to get help if my firm doesn't have the capacity to help you. But as long as I'm helping people at large, everyone's getting a little bit more fiscally efficient and that's awesome and it's great.

Speaker 2:

I'm glad you're doing it and that you're out there, because that's what we need to really do as an industry is help more people.

Speaker 3:

Right.

Speaker 2:

And there's a big concern there.

Speaker 3:

Well, and the CFPs, the majority of them are in their 60s and 70s.

Speaker 2:

Right now we have a real issue and we're not very diverse.

Speaker 3:

No, not diverse at all. I mean, I remember when I first got in the industry, my husband at the time loved it because there were more signed professional footballs and golf shirts, because I would go to a room of a thousand financial planners and I was one of three women. Now, granted, that's now up to 12 percent being women, but it's still not 50-50, you know. But not good or bad. It's changing, it's growing and our world's changing and it's directionally correct, but it's, it's definitely an issue.

Speaker 2:

Definitely, Definitely. Well, you know, Julie. Let's switch into the get ready questions. The first one is what basic money concept do you wish people knew?

Speaker 3:

I really wish that people understood who, and what I mean by that is is think of your financials as here's your financial past, which is your debts. Those are your past decisions. Your money in the present moment is your cashflow, and keep in mind I do not call that budget, because a budget triggers all your patterning. I want you to stay empowered on how you want your cash to flow. And then there's your money in your financial future, and then that breaks down into short term, midterm and long term. I think we have to start thinking of our money in different categories, as opposed to this heavy, daunting cloud that we're trying to deal with. Then it seems more manageable.

Speaker 2:

I think so, as well as breaking it down, and I'm with you is budgeting is a word that you know, it's just, it's like dieting. It just brings on so many limiting ramifications, you know, because it's like we all know, we need to spend less money than we make. That's not a secret, you know Right.

Speaker 3:

Right, exactly so. Choose it from a place of empowerment.

Speaker 2:

Yeah, I love that. So what is one simple thing people can do each year to set themselves up for financial success?

Speaker 3:

Create a financial date night. I love it, whether it's with your spouse or your spouse, and sometimes invite a friend that you know already does their money better than you do and have them be part of that date night, because you become the company you keep.

Speaker 2:

You do become the company you keep, and you know you were talking about the givers, takers, earlier, uh, and you know that unfortunately it's the way it is sometimes. So if you change your circle, you know it will change your financial outlook and and your mental health Totally.

Speaker 3:

So, and your pocketbook? It'll change the money you have. It's amazing to me when you stop hanging out with people who tend to have rotational credit card debt and you stop hanging out with them, but you hang out with people who pay off their credit cards every month all of a sudden you're not showing up with credit card bills that are rotating anymore. It's not happening.

Speaker 2:

Exactly. And to get back to what you said about financial date, you know I call it family. You know meetings, family financial meetings, you know. Same principle is it's important to talk to your significant other. Oh it absolutely is.

Speaker 3:

I mean, even when I got divorced, you know there was no, I handled all the money stuff, but my ex-husband was just like, told his attorneys, tell her to give her the sheet that she gave me every quarter Because I would give him a snapshot of where our cash flows were and our assets and liabilities. And I gave it to him every quarter. Now, he never looked at it, but he knew it existed and enough that the attorneys this was our working document and like it's just about information, right, so that you're on the same page.

Speaker 2:

Yeah, I love that a quarterly snapshot for your financial meetings, because you know I do meet, you know, with my wife and go over you know our financials, you know periodically, but you know, maybe a quarterly snapshot is a nice way to visually represent it instead of doing some other kind of reporting, because usually there is one spouse that handles more of the money and for those of us in financial services, it's usually us, because we deal with money all the time.

Speaker 3:

Exactly. But I also did realize with my spouse like he was a school teacher and I started realizing, oh, he's conservative, like all my other school teacher clients, and one day he goes well we're not making any money.

Speaker 3:

I was like, oh, he likes the money in hand. So one of the things I did is I had like our dividend checks actually get sent to the house. I go cause he he wasn't feeling how it was working. I was on autopilot run and I go okay, well, I'll have these dividend checks sent to the house so that you can see it, but then you have to deposit them at the bank. Then after about three years he's like do we have to keep getting these checks anymore? Can you just automatically?

Speaker 2:

have it.

Speaker 3:

But he learned it and he understood it when I said oh, he's a conservative teacher, just like my other teacher clients, and it's like duh, but it's hard to see that.

Speaker 2:

But it's amazing.

Speaker 3:

Yeah, when you can see the patterns with people, like when it comes to spouses, there's no good or bad patterns because we are who we are and we can't change who we are. So it's about building the systems in financial relationship with others that works for both parties, because both people are important.

Speaker 2:

Yeah, I love that they work for both parties. I'm just making a note. I make notes people watch and listen. No, sometimes I have a quick moment of dead silence by for sure but. But I think that is really important is that when you're dealing with your you know domestic partner, or you're dealing with your business partner, is that you have to understand what they're looking for, how they're absorbing information, because it sounds like that was a big part of it with your ex-husband is you know? How are they absorbing the information?

Speaker 3:

What's going?

Speaker 2:

to make it work for them instead of you know the typical approach we do in financial services. We're going to take this information and we're going to shove it at you Take the ball and run with it Exactly and it's like well, you know, are they a visual learner, are they an audio learner or, like you know, in this case it was a tactile learning experience? Is you know that he needed to experience that?

Speaker 3:

So that's awesome, and then, once he did, he got it Right. And then he made a decision of how he wanted it to be once he understood it, because it wasn't coming from the subconscious mind anymore. He was consciously now making a choice because we interrupted a pattern.

Speaker 2:

Definitely, and you empowered him to make that decision for himself, and I think that's for those of us in the financial services industry. You know we need to let people make their own decisions and as consumers for the consumers who are listening to this you have the right to make your own decisions when dealing with the financial services world. Don't let somebody run over you.

Speaker 3:

And for those parents out there your children also need to make their own. It's OK to let your kids get a financial nosebleed because that builds muscles for them to make different choices down the road. I think that's part of the fiscal dysfunction with younger generations is we're not willing to let them fall. We keep trying to catch them, and sometimes experience is the best teacher.

Speaker 2:

Yeah, it sure is overall, and we learn from our failures. Yeah. So the next question is what is one habit that people can change when it comes to their money?

Speaker 3:

I find, and we talked about, like the quarterly report, whether it's your cashflow report, your debt report or your assets and liabilities, just even if you had an Excel spreadsheet and you plug those numbers in once a quarter. It's about awareness. People don't take the time to do that today. It's like nobody balances their checkbook anymore, right, like it just doesn't happen with most people, and so I would say it's just about awareness. We have to put that habit in place to say I love myself enough to be aware of exactly where everything's going in and out, and do I want to pay those interest rates? Do I not? Do I want to make different conscious choices? But it starts with awareness.

Speaker 2:

Definitely. Well, it's funny you mentioned balance in your checkbook is. I'm using a very old financial program and I've wanted to switch to one of the new apps but none of them, you know, I found. You know, have you balanced your credit card statement and checking account? And for me I find that that's a really good way to keep in touch with you know my money flow Right, yep, but nobody does it these days unless we're in the industry Exactly.

Speaker 3:

Most people are like why did that go negative? I'm not sure. Where did that go? I'm not sure you know. And that's why I think the buckets of money. I even have people break out their financial intentions in their short-term buckets because I love those online savings accounts that you can actually name your financial intention. Those online savings accounts. You can have one that's called emergency reserve. You know, if you celebrate the holidays towards the end of the year, you can put your holiday fund you know real estate taxes, vacation fund. I even have fun with it. It's like, okay, I'm going to Italy, I have an Italy fund and then you put the money in there for that vacation.

Speaker 3:

Or you're done paying off your car. Make a car fund, because the key is here for you to truly be financially empowered. It's about becoming your own bank and not having to depend on the system to do your banking for you. Meaning, if you really want to stop having car payments, well then, make the car payment to yourself the next time your car is paid off, so that you have a chunk of money to pay for it. And most people don't even think that that's an option, and I'm talking people who make tons of money every month. Everybody's just like oh, I'm just going to go get the next car, I'm going to take another payment.

Speaker 2:

It's like it's just a way of life today as opposed to do you want that way of life or do you want to stop paying all this interest to? You know? The car dealership? Yeah, no, I love that is you know, and then you can, once you have all your goals, you can set up priorities. You know it's like do you have enough money to put into your idly fund or whatever? Um, but I want to make one quick note. Here is just to confirm for all of our listeners, and when you say become your own bank, you are not talking about the life insurance scheme of becoming your own bank no, no, no, no, no, no.

Speaker 3:

Definitely not. This is just about being financially empowered, that you're not having to necessarily pay interest to other people, that you can actually create your own financial insulation yourself.

Speaker 2:

Yeah, and I love that and I think for people again, stay away from becoming your own banker with whole life insurance. It doesn't work, it's a bad thing 150 percent.

Speaker 3:

My first career was with John Hancock, I understand.

Speaker 2:

So I got to say that out there, because that's something I encounter. A lot. So you know. The next question is what money myth are you trying to break?

Speaker 3:

Oh, there's so many money myths. Right, we have to understand that money is energy. Einstein said it that E equals M squared and everything is energy. And when we understand that money is just energy, that money is just energy. So if you're, if you hate your job and you hate your boss and you don't like your life, you're going to be vibrating with emotions that are frustration and anger and sadness, and that is not doing any good for your nervous system because it's causing you to contract. And when you cause, you're an energetic being. When you contract, then you can't attract and manifest to yourself the promotions, the new job, the new raise, the bonuses You're just not going to.

Speaker 3:

And so it's super important for all of us to understand that it's all quantum physics, if you will and I know that's a little off on the money conversation but when we understand it's all quantum physics, if you will and I know that's a little off on the money conversation, but when we understand. That's why, in my four spiritual laws of money, intention redirects energy. Because whatever you intend to happen and like setting up those accounts that are for purpose and goals, and there's intention behind it, and then you energize it, even if you don't have enough cashflow I don't even care if you started with $10 a month and that you want it to grow over time. You're intending, and so you're opening yourself up to the possibility that that's gonna be the direction you're gonna head, and when we understand that everything is energy and our emotions are energy in motion it's a whole new ballgame.

Speaker 2:

Yeah, I love it because you know there is that connection, you know, and you've been talking about it, between the physical and the mental and the linear and you know all these different things and I think it comes together. So I'm just curious, you know that. You know, are you familiar with Hugh Massey or those behavior reports, because he's talking a lot about money, energy everything.

Speaker 3:

Yeah, I actually helped him develop some of the stuff that he has on his financial DNA stuff. Oh, cool I was part of his crew that he brought in his advisory board to build what he has.

Speaker 2:

Oh awesome. So yeah, I'll put that in the show notes for people to check out the work that Hugh Massey is doing. Money is energy as well, because I think that's a great resource. So you know. The next question is let's break out the time machine. What advice would you give your younger self if you could go back in time, knowing what you know now about money?

Speaker 3:

Don't listen to resources outside of myself, because your intuition is always 100% spot on. Problem is, is we let outside influences actually cause us to make decisions in different directions, and the greatest resource we have is our own inner knowing, and it's about having the courage to follow that, even if you don't see how it all turns out in the end.

Speaker 2:

I love that. Have the courage to do it, because it is very hard when you have people telling you to do things to. You know, it's very hard to stick with your own opinion and to have confidence in it, and I think that's the biggest thing you know. So you know, I know that this wasn't one of the things we were planning to talk about, but how can people build up their own confidence with money.

Speaker 3:

You, you've built up your own confidence with money by accomplishing the things that are important to you, so it always starts with smaller things than bigger things, even if it's as little as okay. I just finished paying off my car. I'm going to create an online account that's called a car fund and I'm going to now put that payment. Now that it's done paying Chrysler, you know, honda or Toyota I'm going to now put it into the savings account. That is the shift, that is the change, and little things like that will then point you in a whole different direction.

Speaker 3:

I think that's what the most important piece is is to start to you're building. I call it building your muscles. In my second book, awaken your Wealth, I talk about it's time to build your financial muscles, but you can only do that one arm curl at a time. So one deposit into that car fund, right, and you build more confidence the more you start trusting your own inner knowing in what you want to create, because you are the creator of your life. So the reality you have today is exactly what you've chose to create, and so if you want something different, you have to choose to create something different and find that courage to step into it and that builds the confidence.

Speaker 2:

Love it. That is awesome advice and I think that's so important for people is to be. You know, when we talk about being empowered, it is building up your confidence to be that you can actually do that, because that's the biggest challenge that I've seen with people is that they don't believe that they can do it and that they can be in control of their money.

Speaker 3:

Right, right, yep Totally agree.

Speaker 2:

Yeah. So to wrap up, what is your number one tip on changing the way we think about money?

Speaker 3:

Understand that you're human and love yourself enough to take into account your right brain and your left brain, because that is the whole person and no matter what it is that you've created thus far, from a career to your current financial reality, anything is possible to change, anything Again you just have to decide it.

Speaker 3:

Because here's what happens that I have learned over time If you don't shift and jump into that next adventure that you're being called to do, disease will develop in your body and it happens all the time. Develop in your body and it happens all the time. So love yourself enough, because otherwise, if you don't leave that job that's making you miserable but it gives you a good paycheck, I guarantee you we'll be talking about the cancer that's developed or the sleep apnea or whatever. That's what happens when we're not happy. We have to understand. I was saying earlier that our emotions are energy in motion. They now know that diabetes is the frequency of 44 megahertz, cancer is 52 megahertz. So you actually are a vibrating individual yourself and this was because I talked about this in my first book and this is where hugh massey got the money is energy because I was talking about the frequencies and all the work that joe dispensa does right, because he's in the medical field and if you know your emotions are actually creating your physical reality.

Speaker 3:

The best investment you can ever make is on your health, and so we really have to watch. If some job or some marriage or some relationship is making you miserable, shift it or you will call in the crisis of a health crisis to shift it, or it winds up in divorce and you have that family crisis and then half your money's going out the door. So your money's going out the door to fix your health, or the money's going out the door. And this is all about how do you build your wealth, live the way you want to live and not create these leaky containers or crises. To align with yourself, because it's all you being called to align with self. And that's what my fourth book, the Four Spiritual Laws of Money, are about, because it's about really living the life that you came here to live and share your gifts with the world, and then the money is just the result of that.

Speaker 2:

That is awesome. That's such great advice, and I think a lot of people are talking and focusing more on this connection with our money and our health, that all this stuff is interrelated. But you know, at the end of the day, money is a tool that helps you accomplish certain things and, right as you talk about it, you know I mean, that's the thing that I hear from you is you know to think about the tools and how you're using them and how they have an impact on the rest of your life, right? Yep, that's, that's awesome, for sure. So, yeah, so we've been talking about your books. So where can people learn more batching? Where can they pick up copies of Awaken your Wealth and the Four Spiritual Laws?

Speaker 3:

Yeah, all of them are on Amazon. I have books and workbooks. You can also join our community at juliemurphycom and I, like I said, I have group coaching. I have online classes you can take and also my wealth management firm is jmcwealthcom.

Speaker 2:

Cool, cool and for everybody watching and listening, there will be links to for all Julie's books, to Julie's community, as well as to JMC wealth, so you can check it out and get in touch with Julie, as well as her social media profiles. So, julie, thank you very much for joining us today on the Get Ready.

Speaker 2:

Money podcast. Yeah, it was an awesome conversation, as always. Thank you everyone for tuning in to this episode of the Get Ready Money podcast. If you learned something today to change the way you think about money, please be sure to subscribe and to tell a friend. Until next time let's change the way we think about money. You.

People on this episode

Head Shot

Tony Steuer

Host