DeepSummary
In this episode, hosts Sim and Speaker B interview Steph Claire Smith and Laura Henshaw, the founders of the health and fitness platform Kic. They discuss Steph and Laura's upbringing and their changing attitudes towards money throughout their lives. Steph talks about her early entrepreneurial ventures like collecting dog poop for money, having multiple casual jobs, and developing a strong savings mindset from a young age.
Laura shares how her family's financial stress caused her to have a scarcity mindset around money until adulthood. She worked multiple jobs to save for her expenses and education, learning the value of discipline and hard work. Both Steph and Laura explain how their experiences shaped their approach to managing finances and building wealth through their business.
The conversation also explores the potential link between fitness and wealth, with Steph and Laura suggesting that living a healthier, more active lifestyle can increase productivity, energy levels, and overall well-being, which in turn can contribute to financial success. They emphasize the importance of finding enjoyable forms of exercise and making time for self-care as a disciplined investment in oneself.
Key Episodes Takeaways
- Developing a savings mindset and learning the value of hard work from a young age can shape one's financial attitudes and behaviors.
- Building discipline through regular exercise can translate to increased productivity, focus, and drive in other areas of life, including career and wealth-building.
- While financial success can provide access to material possessions, true fulfillment and happiness come from within and cannot be solely derived from material wealth.
- Maintaining a balanced lifestyle, prioritizing self-care, and finding enjoyable forms of exercise can contribute to overall well-being and, in turn, potentially increase financial success.
- Acknowledging privilege and recognizing that hard work alone does not guarantee financial freedom is important for maintaining perspective and gratitude.
- Investing in oneself through exercise, education, and personal growth can lead to increased confidence, resilience, and ultimately, greater opportunities for financial prosperity.
- Finding a "why" or deeper purpose for living a healthy lifestyle can provide the motivation and discipline necessary to sustain positive habits and behaviors.
- Sharing one's success and being generous with others can bring a sense of fulfillment and contribute to a more equitable society.
Top Episodes Quotes
- “I just have this sense of wanting to be really generous because I think not everyone has been as fortunate to have had the journey that I've had.“ by Steph
- “Even olympic athletes, when they wake up, they don't feel motivated every single time. But it's the routine and it's the why of why you're doing it. I'm getting up because I want to live a long life. Like, I want to feel strong. I want to have more energy. I want to have a clear mind. I want to feel less anxious.“ by Laura
- “You teach yourself through exercise that if you work hard at something, you can achieve something. And obviously there's a lot of privilege. I know there's a lot of people in the world who work really hard, and that has not meant that they've had financial freedom.“ by Laura
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Episode Information
Girls That Invest
Girls That Invest
3/4/24
This week, Sim chats with Steph Claire Smith and Laura Henshaw from KICpod about their upbringing and changing attitudes toward money. From youthful entrepreneurial ventures to managing finances, Steph and Laura reveal pivotal moments that shaped their views on wealth. Find out how these experiences impacted their saving strategies, savvy shopping techniques, and paths to financial autonomy.
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'Til next week, team! 💖
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