How To Manifest Money And Slay Debt

by | Sep 30, 2015

Does the thought of your financial situation make you anxious? It’s not just you. More than half of women under the age of 35 find dealing with money stressful. It’s bad for our bank accounts but worse for our health with Danish researchers finding financial stress can lead to the early onset of poor cognitive function and increased inflammation, which contributes to chronic conditions.  

Not great, huh?

That’s why we asked Canna Campbell (that’s her pictured above) to be our latest podcast guest for Women’s Health Uninterrupted. Canna is a financial advisor and the author of a new book Mindful Money (Viking, $34.99). She’s famous for making vids for her YouTube channel, SugarMamma.tv, encouraging women to find financial independence and practise what she calls ‘money mindfulness’. And once you see your debt going down, savings going up, and investments grow, she says, “You wanna kind of beat it – it becomes almost like a game.”

In this episode, Canna covers:

  • What you can do to manifest money
  • How you can make more money with the money you currently have
  • Why you don’t need to give up your activewear budget to take control of your finances (it’s called “sanity money”)
  • What you can do to get rid of debt
  • The link between minimalism, mindful spending and mental health
  • How she had to let go of being the “perfect mum” with all the right stuff
  • How she built herself back up financially, as a single mum, after her divorce
  • Why you don’t need a heap of money to start investing. It’s less than you think!

For Canna, getting your finances into shape all starts with mindset. It can’t be forced.

“It’s like me saying to you, ‘You’ve got to go on a diet or you’ve got to run a marathon.’ Unless you are genuinely connected to wanting to run a marathon, it’s going to be the most meaningless, soulless, boring, dull, depressing experience.

“When you look at your mindset, and look at ‘Why am I doing this? What’s important? What are the things I’m going to gain? How’s this going to help me?’, that’s when you start feeling really connected, and committed, and motivated, and inspired to make this shift happen.”

Credits:
Your host is Lizza Gebilagin
With thanks to special guest Canna Campbell
Your producer is Denis Duggan

For more from Women’s Health Australia, check out @womenshealthaus, womenshealth.com.au or subscribe to the magazine.

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Recommended to you

Women Fleeing Domestic Violence Can Now Receive A One-Off Support Payment

It’s been labelled the shadow pandemic and the fact remains that for many women across Australia, domestic violence is a lived reality that doesn’t discriminate by age, occupation, or socio-economic status. Researchers have found that during Covid-19 lockdowns, there was a surge in family and domestic violence, with agencies experiencing a surge in demand as nearly half their clients reported an increase in controlling behaviours. 

As many who have lived through such turmoil and trauma can attest, the roadmap to fleeing such situations at home can be fraught with challenges and extremely difficult to navigate, particularly when such bureaucracy makes it even harder. Now, it’s been announced that women fleeing a violent relationship will be given a one-off $5,000 payment as part of a federal government trial scheme. 

Known as the “escaping violence payment scheme,” the government has set aside $144.5 million over the next two years to give women $1,500 cash, with the remainder to pay for goods and services, bond, school fees and other necessaries to establish a new safe home. UnitingCare Network will be tasked with delivering the payments while helping link women and their children with relevant community services. 

As the Daily Telegraph reports, “An analysis of domestic violence data by the Australian Bureau of Statistics shows that while it is more common for women from poorer areas, women from high socio-economic areas are not immune from experiencing partner violence.”

As Women’s Safety Minister Anne Ruston explained, the trial has been introduced with the aim to help women overcome the financial barriers that might deter them from leaving a violent relationship. “We know that financial hardship as well as economic abuse - which may involve interfering with work or controlling or withholding money - reduces women’s ability to acquire and use money and makes it difficult to leave violent relationships,” she said. 

“The payments will assist people who need financial support to leave. We know the size of the house a woman is fleeing doesn’t matter. Often she bundles the kids into the car, maybe the dog too and they leave with nothing more than the clothes on their backs.”

To be eligible for a payment, women must be facing financial stress and have some evidence of domestic violence such as a referral from a family and domestic violence service provider with a risk assessment and safety plan, or an AVO, court order or police report. As UnitingCare Australia National Director Claerwen Little said, “We believe that all people, especially women and their children, have the right to live freely and without fear, and this payment is an important step forward to ending violence against women and children.”

If you require immediate assistance, please call 000.

If you’d like to speak to someone about domestic violence, please call the 1800 

Respect hotline on 1800 737 732 or chat online. 

Under 25? You can reach Kids Helpline at 1800 55 1800 or chat online.