WE Tall Poppies - Podcast

Did you know that a $50 decrease in your weekly personal spending equates to a $2,600 saving per year? Think about the goals that you can achieve faster with this!

A lot of people often feel like they are alone and that they must be the only one in their financial position. This feeling itself can be very difficult and overwhelming especially when you are trying to live on a minimal amount in order to be in control, get ahead and kick some goals.

The #250club originated from a coaching session with a member who had been struggling with her weekly personal spending allowance of $250. This member was so close to giving up because of the emotions she was constantly going through, one being that she couldn’t possibly live on with her weekly spending amount. Faced with no choice other than to persevere if she wanted to achieve her goals and live life according to her values, she chose to persevere. Recognising that it was important for her not to feel like she was alone and that it wasn’t possible, Sarah agreed to decrease her personal spending amount to match hers.

I had been following this member’s progress for quite some time now and hearing Sarah recount what happened during the coaching sessions and the emotions that the member went through, I was so proud that she had decided to continue on and give 100% to whatever she needed to do in order to achieve her goals. As a Coach, member’s emotions often transfer across to me which is often very difficult to deal with. I usually take this emotion and turn it into inspiration so inspired by her strength, I decided that in support of her cause I would decrease my weekly allowance to match hers because the emotion that I didn’t want her to continue to feel is loneliness.

This is one of the many examples why here at WE, we have emphasised the importance of community. We are all on the same journey to Get Rich Slow and knowing others out there who are on the same path as you make it much easier especially when you can share your experiences with each other.

From 11 August, we are starting an 8-week challenge and invite you to join us in the #250club. We will be releasing blogs from members who will share their tips and experiences with the club and most importantly let you know that you are not alone and that it is possible!

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Article by: Christine Dang

Disclaimer: all information contained within this article is of a general nature and should not be relied upon when making financial decisions. Please consult a professional financial advisor or planner (like us!) before acting.