Personal Growth Update: April 2020 – Money Anxiety, Investing, and Turning 29

 

 

**This is a transcription of the Millennial Life Admin Podcast: Episode 4**

Today I wanted to share with you how I’m doing and what I’ve been up to in the month of April. This episode is going to be a bit more unstructured and chatty than other episodes. It will be my monthly update for April today I sharing the behind the scenes of my struggles and successes for the month. This series is actually inspired by Sam Laura Brown and her Personal Growth Updates on The Perfectionism Project Podcast. I love hearing about how she’s growing each month and I will be doing the same at the end of each month.

 

Money Anxiety

April has been a month of a lot of ups and downs. I started this month with almost a panic time regarding my finances. At the end of March, COVID-19 had really started making huge impacts in Canada. Many people started to lose their jobs and the country started to go into a full lockdown. And I started to really feel the stress and pressure. Not so much for my job, but for my rental property. I won’t go into too much of the details because while I’m completely comfortable talking about my circumstances and finances, I don’t ever think it’s okay to share other people’s situations without their consent or knowledge so I won’t be talking about my tenants too much. However, the question did come up of whether or not rent could be paid and at the end of March I checked in on them to see how they were doing and if they were struggling – we could work something out.

Everything turned out fine, rent was paid and the Province of BC also created a subsidy program that we applied for, but it was still a really stressful situation.

And the roller coaster kept going because in the 2nd week of April, I hit my 10k (6 month) emergency fund goal! This is something I had begun working on at the beginning of the year and I’m so proud to have hit it! I won’t go into too much about it because I literally recorded a whole podcast episode/wrote a whole article on it, but it was a really exciting time for me.
But yeah, it was a really rocky first couple of weeks. I started with this incredible panic and anxiety and the next week, I had this incredible high.

 

Investing

The next exciting thing that happened to me this month was actually starting the Millennial Life Podcast! I had been thinking about starting a podcast for so long, and never really pushed myself to do it.

The reason I wanted to start a podcast is because I wanted to connect on a different level with my readers!

I love writing and will continue to write, but there is something so cathartic and incredible about being able to speak out my personal finance journey.

I also started this podcast because I realized I talk too much in my emails and articles. I love long-form content and love being able to share a different part of my journey.

And a part of that journey is investing. In April, I really took investing more seriously and actually decided to enroll in a bootcamp to learn more about it!

I’ve been investing for a few years now, and to be honest, I didn’t really know what I was doing. I felt like I was just trying to piece together information here and there, so this month, I decided to take it seriously and invest in a bootcamp.

The bootcamp I enrolled in was from Ambitious Adulting which is led by Liz Enriquez. What I really liked about this bootcamp was it was geared towards Canadian investing. It can be really hard to find information on Canadian investing sometimes so it was great to learn about how to best take advantage of Canadian accounts like the TFSA and RRSP for investing.

I learned so much in this bootcamp and what’s more, is I actually learned all the mistakes I was making!

I will be making a whole separate episode on investment mistakes (it will probably be the next episode), so I won’t go into too much of it here, but there were a lot of them.

And in case you’re wondering, I will share how much I spent on the bootcamp. It was about $260 CDN and well worth the money because I have definitely made mistakes that cost me more than $260! As someone who loves to learn and careful where I spend money, I always find investing in myself and education is always worth the money.

This month, I actually did one of those Instagram quizzes for your IG stories where you write in answers and tag ppl in your stories. Well, one question that was asked on a quiz was “what is your biggest spending vice?” and I without a doubt, said education.

And speaking about investments in myself, I guess I’ll also share how much I spent in other personal investments this month. I don’t know if this will be a recurring theme for these updates, but I have no problem sharing what I spend money on.

So another investment I made on myself is actually a group coaching program, it’s a monthly membership so I’ve been in a while and it’s called Perfectionists Getting Stuff Done by Sam Laura Brown who is the host of the Perfectionism Project Podcast. PGSD (actually the S stands for swear word but I don’t swear on this Podcast or in real life often haha) is a monthly membership program that has personal development and business coaching. I think the price is higher now, but I was one of the first members into the group so I pay $49 USD/month.

I find a lot of value in this because I practice what I preach. I’m serious about my personal development and I invest in it.

And speaking about investments, I forgot to mention that I also made an investment when I started this podcast. To learn how to start this podcast, I took The Podcast Lab course by Jenna Kutcher. Jenna runs The Goal Digger Podcast and I love following her. I actually bought the course last year as a part of a promotional bundle she was doing for the course, so I think the course is now $300, but I bought it for $99 as a part of a bundle with a whole bunch of courses. Some of which I took and some of which I didn’t, but I really bought it for The Podcast Lab.

All of these payments actually come out of my business account, not my personal budget. I have a separate account for the amount I make in my side hustles and reinvest right back into building this into a business.

Speaking of building a business, that’s my next update in the growth updates. One of the things I really wanted to focus on this month was learning more about how to sell myself and promote MLA to be able to work on bigger projects and reach more people with more impact. But I’m really uncomfortable with the act of selling. This month, I was actually coached by Sam in the PGSD coaching program on it and it’s something I’m still trying to learn more about the business-building process. So not much updates here because it’s something I’m still working on, but for anyone who’s also looking to build a business, I heard a podcast episode from Sunny Lenaduzzi, who runs The Sunny Show podcast, on how to sell without feeling sleazy and I found it super helpful!

 

Turning 29

And the last exciting thing that happened this month was I turned 29! My birthday is at the end of April and while I am not a “birthday person,” it got me nostalgic about what I’ve accomplished so far. I actually have a 30 before 30 list that I created when I was 20 and while it’s evolved and changed throughout the years, it’s always weird to go back and look on it.

I don’t know if I will ever share the whole list because it’s quite random and kind of embarrassing. It’s got financial and career goals on it, but also some very random things on it.

And while there are many things crossed off, there is a lot of stuff still to go and probably not going to happen because it’s travel-related and this year is kind of a write-off.

However, there are a lot of things that I have crossed the list, even though I haven’t fully accomplished them. I’ve learned to give myself credit for putting in the effort, not for being absolutely perfect in all my goals. For example, one of the things on my list was to run a marathon and last year, I ran my 1st half marathon. And while training for it, I learned that I did not want to do a marathon because I love running, it’s my escape in the world, my self-care, and I began to resent it when I had to focus on my training and time. I did consider running another half marathon this year again to try again with a different perspective but at the end of 2019, I got a concussion and had to stop running. Also, all the marathons and half marathons have been cancelled this year so I will rethink it next year. I’ve really learned to give myself credit for trying.

 

April 2020

And so that was my month of April. It came with a lot of ups and downs, but the real lesson I learned this month was to understand what I can and cannot control when it comes to my money and finances. I could not control the outbreak of COVID-19 to an extent. I can stay self-isolation and take care of myself, but I can’t control the government policies, I can’t control layoffs and the fluctuation of the economy so there’s no point in indulging in that anxiety. Of course, it’s okay to feel, that’s natural, but I’m coming to understand what’s beneficial to focus on and what isn’t. I’m trying now, moving forward, to focus on the things I can control. I can control my quarantine time and focus on investing. I can take control of the financial situation and focus on building my business and starting that podcast! So that’s how I hope to go moving forward.

Thanks for listening to this episode and I’m going to end it here before I get too rambly on this update. I hope you’ve enjoyed listening to what I’m working on behind the scenes and I’ll see you in the next episode. Until then, happy saving and spending!

Author: Kimberly

Hi there! My name is Kimberly and I created MLA as a personal development, career, and finance resource for millennials. MLA focuses on helping career-driven millennials create the personal development habits to achieve work-life balance and manage their money. Throughout this blog, you’ll find articles that give specific and detailed advice because I’m not into the fluffy advice. There’s plenty of that on the internet. Here you will find tangible advice on how to find a rewarding career (that you love!), where you can help others, and learn how to save and invest your money for the future. I hope you’ll follow along!

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