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

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 UA-cam @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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Loved recording this podcast and thank you all for your sweet comments!

[@thebalancetheorypodcast]

It was so nice having you on ❤

[@Omotayo.Adeyemi]

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

[@thebalancetheorypodcast]

Glad you found us!

[@0xAngelo]

me too :)

[@barbaracorneliadanso891]

I can relate

[@annisabenjamin5505]

Truly !!!

[@Psalms_ninetyone]

Amen

[@FiyinAdeyemi]

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👏🏾💌

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Honestly😊

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She's amazing! I'm so happy to have connected with her and had her on the show :)

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So true ❤

[@livelife2233]

This is what UA-cam is for. Thank you.

[@thebalancetheorypodcast]

❤❤❤❤

[@AffirmedMindsets]

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]

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 ❤

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I love how this discussion is SOOO easy to understand

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Thank you! I'm glad you enjoyed it

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Erika really does do a great job as a podcast host

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Thank you so much! @@0xAngelo

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She is so inspiring!!! I hope more young women find this episode!

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Thank you! I'm glad you enjoyed it as much as I did

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Woohoo! ❤ Enjoy !

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

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Love it!

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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]

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

[@0xAngelo]

why is this channel not blowing up?

[@thebalancetheorypodcast]

that's a great question haha!!

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

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

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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 ❤❤

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I'm so grateful you found our channel! ❤

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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❤️

[@thebalancetheorypodcast]

Thank you so much! I'm glad you enjoyed the episode.

[@ilykepink]

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

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Thank you for your kind message! I'm glad you enjoyed it.

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

[@CinderellaEcaat]

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

[@thebalancetheorypodcast]

You're so welcome!

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

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❤❤❤

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

[@thebalancetheorypodcast]

Appreciate this! You're welcome ❤

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

[@thebalancetheorypodcast]

Me too!

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Thank you for sharing Excellent content as always.

[@MilindBorkar_MENTOR]

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

[@thebalancetheorypodcast]

You’re welcome 👏🏻👏🏻

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Great podcast and beautiful aesthetics ❤

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Thank you! I'm obsessed with this recording space too :)

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

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I'm so glad you found us ❤

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

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You're so welcome! I'm so glad you found the video :)

[@pearlrants7798]

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

[@thebalancetheorypodcast]

❤

[@twishamohin]

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

[@thebalancetheorypodcast]

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

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

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

[@ikeoluwaoyeboade4971]

Lamide is truly an inspiration ❤

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yes! ❤

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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]

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

[@barbaracorneliadanso891]

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]

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

[@anakaticfitness]

thank you UA-cam for recommending me this podcast!!!

[@thebalancetheorypodcast]

❤❤

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

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

[@thebalancetheorypodcast]

She was such a great guest! You're so welcome. Glad you enjoyed it.

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

[@thebalancetheorypodcast]

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

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

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Glad you enjoyed it! X

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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

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Thank you for sharing the love!

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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 :)

[@thebalancetheorypodcast]

You're very welcome!

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

[@thebalancetheorypodcast]

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

[@2turntup.]

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.

[@taongabanda8030]

What an amazing video thankyou so much for sharing

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

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Agreed! ❤❤

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

[@thebalancetheorypodcast]

Thank you so much ❤

[@eucalyptusnichole]

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

[@thebalancetheorypodcast]

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

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

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So glad you enjoyed it!

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

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So glad you're here! ❤

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😊😅

[@that_guy_trades]

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❤🙏🏾

[@thebalancetheorypodcast]

You're welcome! I'm glad you enjoyed it! 🥰

[@WhitneyQ]

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

[@thebalancetheorypodcast]

You’re so welcome ❤️

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So inpiring 😇 Thanks Ladies

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Thanks for tuning in!

[@piroskavigh6359]

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]

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

[@elizaewald1445]

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 🎉

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

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Glad I found your channel amazing! 👏🔥✍️

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I'm glad you found us too! Welcome :)

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

[@thebalancetheorypodcast]

So happy you found it too!! :)

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

[@thebalancetheorypodcast]

You're so welcome! I'm glad you enjoyed the episode 💕

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

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I’m so glad it did too 🙏🙏

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Me too! ❤

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Thanks for confirming some great ways to approach investing ❤

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you're welcome!

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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]

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?

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this is probably the only podcast I actually like

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I'm honoured 💌

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

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Agreed!!

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

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100% agree!

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She’s a beautiful woman and very smart! 💖

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Agreed! 💖

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Love and support for Lamide ❤️

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❤

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OMG thank you! Great podcast!

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This is what I needed to watch today!

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I'm glad you found it!

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I love that ❤

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Thank you so much!

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just what i needed - such a good interview ❤

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I'm so glad to hear that!

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Great Discussion!💎

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Thank you! 💌

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love this ❤❤

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❤❤

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The energy 🙌 ❤

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You're welcome!

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very very interesting Thanks a lot...

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You're welcome!

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I enjoyed this episode so much

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Thank you ❤️

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Glad you enjoyed it!

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Info was a bit redundant but I get the overall gist

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As a black woman I needed this.

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❤

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I'm glad you enjoyed it!

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Very good!

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Thank you!