Habits, mistakes & mindset to know about money w/ Lámidé Elizabeth

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  • Опубликовано: 28 июн 2024
  • Today we chat about a topic I've only discussed a handful of time, that is - MONEY! Love it, hate it, repelled by it want more of it? We all have our relationship with it and at the end of the day, need it to survive and live quintessentially in the modern world. This is why I wanted to get someone on who could speak to me (someone who has only recently started on her money journey and unpacking my beliefs around it) about common mistakes we can avoid, saving tips, investment ideas, mindset around money, the concept of lifestyle inflation and more!
    This episode is especially for anyone, like me, who wants more abundance via financial wealth in their life, but are battling some pre-existing ideas around your ability to have it and practical ways to achieve it!
    (00:00) Introduction
    (01:14) Upbringing & Influences
    (05:49) Advice to 18 year old self
    (08:09) Mistakes & Mindset with money
    (12:34) Lifestyle Inflation
    (16:03) 50-20-30 rule
    (18:07) Saving Pots
    (21:04) Saving Best Practice
    (27:10) Difference between saving and hoarding
    (29:20) Making your money work for you
    (34:37) Scarcity to Abundant Mindset
    You can connect with Lamide on RUclips ‪@LamideElizabeth‬ or Instagram: / lamide.elizabeth
    📢 Like, subscribe, and activate notifications for more content on personal development and achieving career success without compromising your personal life.
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Комментарии • 268

  •  3 месяца назад +126

    Loved recording this podcast and thank you all for your sweet comments!

  • @ThaliahBailey
    @ThaliahBailey 20 дней назад +131

    ”Anyone who is not investing now is missing a tremendous opportunity." As a single mother living in Spain, I purchased my second house in September last year, and I am on track to retire next year. I owe a huge thanks to Maya Payson for her invaluable help in making this possible.

    • @katemorrison5444
      @katemorrison5444 20 дней назад +1

      This lady called Maya Payson must be very good for people to talk about her this much. she also manages the investments of one of my colleagues. I'm impressed that you are aware of her as well.

    • @ThaliahBailey
      @ThaliahBailey 20 дней назад

      Yes Kate she's very good, she is straightforward and one of the best so far. People who don't know her or those that haven't invested with her. would say otherwise but the honest truth is that she has helped more people than i can count and that has to stand for something.

    • @CharlotteGreen47
      @CharlotteGreen47 20 дней назад +1

      I must say, she is definitely one of the best out there. Her expertise as a registered investment advisor is unparalleled and she is well-versed in the financial market. I had the pleasure of meeting her once during a trading conference in Oklahoma, and it was clear that she knows her stuff.

    • @Richardwilly-gc5oz
      @Richardwilly-gc5oz 20 дней назад

      I'm not here to speak for her, but to testify to what I'm sure of, she’s the best broker i know who is sincere, trustworthy and reliable. kudos! Maya

    • @EllieClark-nw9mp
      @EllieClark-nw9mp 20 дней назад

      I heard about this lady on Larry Jones channel, please how can i get in touch ?

  • @Omotayo.Adeyemi
    @Omotayo.Adeyemi 4 месяца назад +371

    My youtube algorithm is really the Holyspirit talking to me .....Thank you for making this type of content ❤❤❤

  • @FiyinAdeyemi
    @FiyinAdeyemi 4 месяца назад +284

    Lamide is really that girl! I’m so glad I found her as a very young Black girl and she’s been such a great inspiration👏🏾💌

  • @livelife2233
    @livelife2233 3 месяца назад +171

    This is what RUclips is for. Thank you.

  • @AffirmedMindsets
    @AffirmedMindsets 3 месяца назад +95

    This video really hit home for me. Changing the way we think about money is so much more than just numbers and budgets; it's about transforming our lives from the inside out. Money isn't just currency; it's the dreams we dream, the security we yearn for, and the love we want to provide for our families. I grew up in a home where money was a constant source of stress, and it taught me that financial wisdom isn't just about wealth-it's about creating a life filled with joy and free from fear. By shifting our mindset, we can break the chains of financial strain that hold us back from truly living. Let's teach ourselves and the next generation that money, when respected and managed with care, can be a tool for building a life full of love, laughter, and possibility. Here's to changing our narrative around money, and in doing so, changing our lives. 💖

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  3 месяца назад +3

      Love love love this! Thank you for sharing. The mindset towards money was a big wake up for me too- money is energy at the end of the day ❤

  • @Miss.A-B
    @Miss.A-B 3 месяца назад +79

    I love how this discussion is SOOO easy to understand

  • @johnstewart4986
    @johnstewart4986 День назад +1

    Excellent interview ladies! I'm 69 and my goal is to teach people in your age bracket how to do better than I did with money management. All the things I was not taught growing up. You both are awesome!!

  • @LydiaMotshegoa
    @LydiaMotshegoa 23 дня назад +8

    The 50, 30 20 rule is so real, and it works so well. I learned this principle a year ago. The problem with me is that I can save a lot of money, and then i become hesitant to invest or start a business because I have a lot of fear.

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  12 дней назад +1

      I'd recommend checking out this episode, it was with my own therapist and could be a limiting belief that's blocking you - ruclips.net/video/FYLg-4qbnpo/видео.html

    • @boitshekomyataza8113
      @boitshekomyataza8113 9 дней назад

      There’s something called low risk investment. I know absolutely nothing about it but I think you should read up on it because the low risk might just decrease the fear you have about this!

  • @boniswalandingwe5074
    @boniswalandingwe5074 3 месяца назад +21

    It's 5am in South Africa, and i just found the video and can't stop listening ❤

  • @TCTALKSTCFITNESS
    @TCTALKSTCFITNESS 4 месяца назад +23

    Mind muscle connection when it comes to saving and investing money, I’m definitely learning that as well 💯🌱

  • @0xAngelo
    @0xAngelo 4 месяца назад +37

    why is this channel not blowing up?

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  4 месяца назад +3

      that's a great question haha!!

    • @MilindBorkar_MENTOR
      @MilindBorkar_MENTOR 3 месяца назад +3

      ​@@thebalancetheorypodcast
      🎉 may this channel reach Millions of people and get benefits from real life examples.

    • @user-iv1my2tp5b
      @user-iv1my2tp5b 3 месяца назад +4

      Literally! I hope this is gonna be like the first woman/healthy/nontoxic version of a red pill channel

  • @NavadineAntoinette
    @NavadineAntoinette 3 месяца назад +18

    This was SUCH a beautiful , well needed and thorough video. I LOVED watching this dialogue between two well spoken , educated women.
    We need more dialogues like this between women . Young women at that.
    Very inspiring.

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  3 месяца назад +1

      Thank you girl! I am so glad you enjoyed it and thank you for sharing your thoughts.

  • @TamiaSmith-iz3fe
    @TamiaSmith-iz3fe 3 месяца назад +7

    Woow l don't know how l got this video but l'm very grateful that I got the chance of viewing and listening to it. Thank you very much ❤❤

  • @ShawsLifestyle
    @ShawsLifestyle 17 дней назад +1

    Well educated and spoken young black female, so much knowledge and advise on this podcast!

  • @goddessifaseye1967
    @goddessifaseye1967 3 месяца назад +3

    I see a lot of my ifa family here ! The ancestors brought us here ! Asé ! Thank you beautiful ladies ! ❤

  • @YemiAyodeji
    @YemiAyodeji 3 месяца назад +12

    Such an insightful conversation. I love the questions asked and the responses to them, really easy for anyone to figure things out for themselves from your experience. Great podcast❤️

  • @SikfanKitchen
    @SikfanKitchen 2 месяца назад +2

    Such a great episode, money should be talked about more often to remove the societal stigma~!

  • @holikaklass1393
    @holikaklass1393 2 месяца назад +2

    Profound Episode! Lamide is such an inspiration. Best RUclips channel I found so far. ❤

  • @CinderellaEcaat
    @CinderellaEcaat 2 месяца назад +3

    This interview is so informative. You are asking all the right questions ❤. Thank you for having Lamide.

  • @ilykepink
    @ilykepink 3 месяца назад +16

    I’m so glad I found your channel! You ask great questions and she is amazing! Thanks for introducing me to her!!

  • @pearlrants7798
    @pearlrants7798 3 месяца назад +7

    Lamide sounds Nigerian…
    She’s beautiful with brains!!

  • @AIRocks-xm4lr
    @AIRocks-xm4lr 3 месяца назад +4

    I really admire her approach to analyze the need and wants aspect that stop us from saving money.

  • @twishamohin
    @twishamohin 4 месяца назад +11

    How does this channel have such less viewers and subscribers?
    Everything is great
    From content to the aesthetics…❤

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  4 месяца назад +3

      Thank you so much!! We have only just started seriously posting on YT so I am very happy you found us :)

    • @bekomstephanie
      @bekomstephanie 3 месяца назад +1

      Their outfits and the aesthetics blend so well! it's really stunning

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  3 месяца назад +1

      Thank you!! We unintentionally matched haha :) @@bekomstephanie

  • @jaylajohnson6559
    @jaylajohnson6559 Месяц назад +1

    Thank you from one black girl to another even in the US ❤️

  • @ebonylyn6104
    @ebonylyn6104 4 месяца назад +13

    Great podcast and beautiful aesthetics ❤

  • @soniamane8010
    @soniamane8010 3 месяца назад +2

    I love how you asking all the right questions ! Thank you , this is so good🙏🏾❤️.

  • @twishamohin
    @twishamohin 4 месяца назад +7

    For someone who has lived in Dubai and is shifting to UK, this was such a good watch! I loved this episode! - new subscriber here❤

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  4 месяца назад

      Welcome! It's so nice to have you here and I'm glad you enjoyed the episode ❤

  • @ikeoluwaoyeboade4971
    @ikeoluwaoyeboade4971 3 месяца назад +2

    Lamide is truly an inspiration ❤

  • @MilindBorkar_MENTOR
    @MilindBorkar_MENTOR 3 месяца назад +2

    Thank you so much for your valuable contribution to the society/🌎 world to learn from real life , lessons 🙏.
    Thank you Both of you.

  • @JadenBabe
    @JadenBabe Месяц назад +2

    This was such an amazing video. Popped up on my algorithm and I’m so happy it did.

  • @isacoello5586
    @isacoello5586 3 месяца назад +1

    I never comment on videos but this is sooooo good. Thank you so much for putting this information out into the world!!!

  • @nikitakween338
    @nikitakween338 3 месяца назад +1

    I can’t believe I’m just coming across your videos now! This conversation was inspiring, digestible and relatable!

  • @barbaracorneliadanso891
    @barbaracorneliadanso891 3 месяца назад +1

    This has got to be the most wholesome and insightful discussion I've ever watched on here. Both ladies are so relatable and Lakamide fueled sth within me. I just know it was God that led me to this interview. Thank you sooo much! ❤

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  3 месяца назад

      I'm so glad it hit home for you ❤ check out some of our other content too I think you'll like it ❤

  • @Pj_jeannn
    @Pj_jeannn 4 месяца назад +6

    So inpiring 😇 Thanks Ladies

  • @monica4158
    @monica4158 4 месяца назад +3

    Wow, this woman has so much poise... great interview, thanks for sharing!

  • @muringosubliminals
    @muringosubliminals 4 месяца назад +7

    Wow! She is beautiful, ambitious, wise, and more! ❤

  • @anakaticfitness
    @anakaticfitness 3 месяца назад +1

    thank you RUclips for recommending me this podcast!!!

  • @a.aimuan
    @a.aimuan 3 месяца назад +4

    You’re indeed asking the right questions… I’m so glad I found this channel❤

  • @MeMePickMe24
    @MeMePickMe24 3 месяца назад +2

    Great information. I sent this to my children who are in their twenties. Will also definitely use the info I learned within my own personal life

  • @pduvanova
    @pduvanova 3 месяца назад

    Both of you are such a beautiful inside and out! Thanks for this video ❤

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  3 месяца назад

      Thank you for your lovely comment ❤ I'm glad you enjoyed it and welcome to the Channel ❤

  • @kittennoire8427
    @kittennoire8427 4 месяца назад +4

    She’s a beautiful woman and very smart! 💖

  • @runlolarun1111
    @runlolarun1111 3 месяца назад +1

    Lamide made so many points where I was like AHA RIGHT! Amazing video

  • @WhitneyQ
    @WhitneyQ 4 месяца назад +5

    This is a very good conversation, thank you for sharing!

  • @2turntup.
    @2turntup. 2 месяца назад

    Commerce, what a vibe. Too many gems. 'There's no refund of time' yet you can become aware of how time's being spent so that you can adjust for it in your overall budgeting system of what you prioritize or the depth of purpose you described as 'asking yourself why three times'. Its cool when you can actually elevate above trying to stay on task and move toward being more thoughtful about your intentions and less accepting of someone else's method as an objective metric that's infallible.

  • @journeywithqueen
    @journeywithqueen 3 месяца назад +1

    I really hope more people find this episode...absolutely love this ❤

  • @farris8001
    @farris8001 4 месяца назад +4

    Glad I found your channel amazing! 👏🔥✍️

  • @user-ii7ye5zc7f
    @user-ii7ye5zc7f 14 дней назад +1

    keep inspiring us, wish to be one of your guests someday .

  • @heroyalhenni
    @heroyalhenni 3 месяца назад +1

    Really great podcast. Love her analysis and your input as well, more of gems like this💖

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  3 месяца назад +1

      Check out the rest of the channel I keep the same style across interviews you might find some others you love too! 💖

  • @blancasantana6001
    @blancasantana6001 2 месяца назад

    I really enjoyed watching and listening to this podcast they spoke about a lot of complicated topics of money that I can personally understand and relate to in a simple matter that I really appreciate :)

  • @user-qt3bq8yw1z
    @user-qt3bq8yw1z 3 месяца назад

    Loved lovedddd listening to her input, she's extremely smart and inspiring

  • @eucalyptusnichole
    @eucalyptusnichole 2 месяца назад

    So grateful I came across your channel, love these interviews!

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  2 месяца назад +1

      Thank you so much! You have lots to go through I've had some incredible people on the show sharing so many gems 🧡

  • @hajarlamine1278
    @hajarlamine1278 3 месяца назад

    Amazing advices for middle class type of life 😊

  • @colonelsspace2146
    @colonelsspace2146 3 месяца назад

    I’m new to this account and about 10 minutes into this video. This is simply gold ❤️❤️

  • @gordon3199
    @gordon3199 9 дней назад +2

  • @_._Cynda_._
    @_._Cynda_._ 3 месяца назад +1

    Inspirational podcast, love it ❤

  • @that_guy_trades
    @that_guy_trades 2 месяца назад

    An amazing and insightful interview. When you spoke about the scarcity mindset... it's what I've been dealing with... finding that hunger to pursue more and keeping it even when things don't work out as you wish. Great advice thank you❤🙏🏾

  • @Tewalker
    @Tewalker 3 месяца назад +1

    I 𝓛𝓸𝓿𝓮 this!!! Stumbled upon this & I needed this

  • @elizaewald1445
    @elizaewald1445 3 месяца назад

    I loved everything about this oh thank God for putting this on my fyp. I am also trying to move out of America to London in the Finance field as well 🎉

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  3 месяца назад

      Sending you all the love & success for that which you're trying to bring into your life! 🙏🏻

  • @yeseniatinoco8113
    @yeseniatinoco8113 Месяц назад

    This is amazing, such a big eye opener thank you both ❤

  • @piroskavigh6359
    @piroskavigh6359 3 месяца назад

    This was such an amazing conversation! You asked so many amazing questions and it was so easy to listen to. I stopped watching big podcast shows because I feel like they stepped away from asking important questions and it's become more of a show to advertise the person
    This is my first time listening to you and I'll definitely tune into more videos ❤
    Also love Lamide, I've been following her for over 2 years and it's been inspiring seeing her life get better and better

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  3 месяца назад

      Thank you so much for your kind words! I really appreciate it. Looking forward to connecting on other videos :) xx

  • @sowandyrful
    @sowandyrful 3 месяца назад +3

    The part about money dials! That's a concept I've been thinking about for a min now. I noticed how easy it is for me to spend money on things that don't really matter, i.e vacations, shoes, accessories etc. But I drag my feet when it comes to paying off my driving tickets and other items that can negatively impact me. How do I figure out the root of this uneasiness and transition from here

    • @thebalancetheorypodcast
      @thebalancetheorypodcast  3 месяца назад

      I guess it comes down to the source of why there's negativity there - is it the way people around you spoke about it growing up i.e. bills as a burden , versus how you want to see it now i.e. bills as gratitude for what they represent. Maybe the shift for driving ticket is the lesson behind it?

  • @NawrasMatee7
    @NawrasMatee7 3 месяца назад +1

    this is probably the only podcast I actually like

  • @Ask4Alli
    @Ask4Alli 3 месяца назад

    Loved that this came across my timeline

  • @MichelleBarhamblog
    @MichelleBarhamblog 2 месяца назад +1

    Thanks for confirming some great ways to approach investing ❤

  • @princessarbora
    @princessarbora Месяц назад

    Watching from North Carolina 💙 so happy to have stumbled upon this video. Great episode!!

  • @BonoloPalesaNorris
    @BonoloPalesaNorris 3 месяца назад +1

    This is what I needed to watch today!

  • @bedtimestories948
    @bedtimestories948 2 месяца назад

    Love and support for Lamide ❤️

  • @michellelopexx
    @michellelopexx Месяц назад

    This is so helpful and amazing! They made it so easy to understand❤ proud!!

  • @ShanTalks777
    @ShanTalks777 3 месяца назад

    This video came right on time!!!❤

  • @kseniya7268
    @kseniya7268 3 месяца назад

    OMG thank you! Great podcast!

  • @kb51422
    @kb51422 3 месяца назад

    She is beautiful and so intelligent, such amazing and practical advice

  • @PoeticEE
    @PoeticEE 2 месяца назад

    I really enjoy this it’s so authentic and refreshing❤❤❤

  • @keeks02002
    @keeks02002 3 месяца назад

    love this ❤❤

  • @user-zz1qd6wn9q
    @user-zz1qd6wn9q 4 месяца назад +1

    Great conversation ladies!!!

  • @sportingarenatv7495
    @sportingarenatv7495 26 дней назад +1

    Thank you for sharing Excellent content as always.

  • @inmyella_ment9253
    @inmyella_ment9253 3 месяца назад

    just what i needed - such a good interview ❤

  • @diamondbreakthrough3857
    @diamondbreakthrough3857 3 месяца назад +1

    Great Discussion!💎

  • @nicolinnkwaw6572
    @nicolinnkwaw6572 3 месяца назад

    The energy 🙌 ❤

  • @taongabanda8030
    @taongabanda8030 28 дней назад +1

    What an amazing video thankyou so much for sharing

  • @gloriakaputo4042
    @gloriakaputo4042 3 месяца назад +1

    Very insightful ❤

  • @jumee7707
    @jumee7707 3 месяца назад

    This video is so insightful ❤

  • @nldm6201
    @nldm6201 Месяц назад +1

    Ohhh so she’s the reason why the property market in South Africa (specifically Cape Town) is so inflated 😅. It’s so difficult for the average South African to buy property there

  • @theshaesthetic
    @theshaesthetic 25 дней назад +1

    This was very informative! I just subscribed to her channel ❤

  • @regtalkswealth
    @regtalkswealth 3 месяца назад +2

    What a great RUclips channel 👏

  • @Flow_with_Veronica
    @Flow_with_Veronica 3 месяца назад

    Amazing video❤thank you

  • @MariamTalks
    @MariamTalks 3 месяца назад

    She is absolutely astonishing

  • @allthewaylive780
    @allthewaylive780 3 месяца назад

    As a black woman I needed this.

  • @Ryanlynn222
    @Ryanlynn222 3 месяца назад

    Loved❤❤❤❤

  • @naturalllysadie
    @naturalllysadie 3 месяца назад

    Love the set!

  • @chapatimotosamurai
    @chapatimotosamurai 4 месяца назад +1

    This was good. 👌

  • @MilindBorkar_MENTOR
    @MilindBorkar_MENTOR 3 месяца назад

    Subscribed ❤🎉

  • @idaraeyo4459
    @idaraeyo4459 3 месяца назад

    So good!

  • @houdakhallouf911
    @houdakhallouf911 3 месяца назад

    I enjoyed this episode so much

  • @AshleyNeshea
    @AshleyNeshea 3 месяца назад

    This is excellent 😊

  • @olenievart
    @olenievart Месяц назад

    Great content. Thanks.

  • @athandwa_ngq
    @athandwa_ngq 3 месяца назад +1

    Great conversation

  • @farriers687
    @farriers687 3 месяца назад

    Great podcast!!

  • @harounadiallo5636
    @harounadiallo5636 2 месяца назад

    very very interesting Thanks a lot...

  • @Matt-rw9py
    @Matt-rw9py 4 месяца назад +1

    This channel deserves more subscribers but once my channel is launched you can all go home 😂 No but seriously great conversation ladies, very informative, looking forward to more.