EP045 Stop Feeling Broke with Shannon Lee Simmons

Shannon Lee Simmons is a Certified Financial Planner, Chartered Investment Manager, and the founder of the New School of Finance, a fee-only financial planning firm for Canadian residents and small businesses to receive unbiased financial planning advice. She is the author of the national bestselling book Worry-Free Money: The guilt-free approach to managing your money and your life, and a regular contributor for multiple publications such as Globe and Mail, CBC’s On the Money, and Metro Morning. Additionally, she has been featured as a financial expert on The Marilyn Denis Show, was named one of Canada’s Top 30 Under 30 and received the Notable Award for Best in Finance.

 

Shannon joins me today to share strategies on how you can stop feeling broke and worry less about your personal finances. She explains how comparing yourself and your finances with others can impact your mental, emotional, and financial well-being and what it means to create a financially friendly future. She also shares realistic approaches on how you can improve your personal finances without increasing your stress, what it means to “spread the money love,” and why it’s critical to have faith in yourself and your ability to make good financial decisions.

 

“For absolutely everybody – regardless of what your financial situation is – there is hope. A little bit goes a long way.”  – Shannon Lee Simmons

 

This Week on Young Money:

 

  • How her company began and the driving force that led to her success.
  • What inspired her to write her book?
  • How her childhood experiences impacted her success.
  • The impact of giving up on your financial planning and comparing yourself to others.
  • How social media impacts your mental and emotional well-being as well as your financial fitness.
  • What the phrase “the Beyoncé factor” means.
  • What the “Spending Vortex” is and how it impacts your financial fitness and mindset.
  • The “Hard Limit Strategy” approach to budgeting your personal finances.
  • How to make your future financially friendly.
  • Her inspiring financial role models and mentors.
  • The importance of having faith in your ability to make good financial decisions.
  • What it means to “spread the money love” and why it’s important to your financial success.

 

 

Shannon Lee Simmons’ Worry-Free Money Tips:

 

  1. Unless you know the financial details, stop comparing yourself to others.
  2. Opt out of financial regret.
  3. Make changes: Make more money like starting a side hustle or make a plan to spend less.
  4. Have faith in yourself to make good financial decisions – be confident – you’ve got this.
  5. Remember: There is hope for improving your personal finances. Find people who can help you get your hope back.

 

Resources Mentioned:

 

 

Connect with Shannon Lee Simmons:

 

 

 

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