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The Money Medicine Clinic Podcast

The Money Medicine Clinic Podcast

By Dr Nikki
I am a UK-based GP, turned money coach, with a specialist interest in how money affects my patients both mentally and physically.

This podcast is a series of 10-minute takeaways (GPs only get 10 minutes with patients to figure out what's going on) of nuggets of information on how you can feel more happy and confident with money.

I'm not a financial adviser, so anything I say is for educational purposes and not meant to be construed as individual financial advice. Make sure you do your own research and seek professional help if you need to.

Dr Nikki x
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Episode 52: Budgeting Strategies That Work!
Hello! If you’re anything like me – you’ll find budgeting hard. Its like fighting over a duvet that’s a little bit too small – there just never seems to be enough to cover your butt! For some people, they never go over the amount of money they have, so budgeting is not something they actively “try” to do. For others, they never seem to have enough. I believe though that creating a budget (or spending plan if you hate the b-word) is really the only way of being able to gain full control and awareness of your money. So what I’m really saying is, whether you love it or hate it, budgeting is essential, and I want you to find the method that works for you so that you stick to it and achieve your money goals! For the money planner go here: For the show notes, go here: Love, Nikki x
September 25, 2020
Episode 51: How To Get Out Of Debt For Good
Hello! Debt is unfortunately something that is extremely common and accepted as normal in our society. We’re encouraged to take out credit cards to build our credit scores and we’re bombarded with “buy now, pay later” messages all the time: why wait when can have what we want NOW? We take out loans to go to university, to buy houses, cars, furniture – you name it, we can usually get credit for it. It means we don’t have to go through the discomfort of delayed gratification like our grandparents and parents needed to – the first credit card only came to the UK in 1966!! So we get our first credit card (for me, it was when I turned 18 and was given one with my student account) and in an ideal world, we would be taught to pay it off in full every month, but what if that isn’t possible, or we choose not to? The debt then builds and we end up in a big fat mess – much to the bank’s delight. So here's my take on how to get out of debt FOR GOOD! For the show notes, go here: And for my downloadable ebook on how to get out of debt: Until next time, Nikki x P.S. Feel free to get in touch for comments, suggestions etc here:
September 18, 2020
Episode 50: 6 Tips To Help You Feel Motivated, Even When You Feel Like Quitting
Hello! In this episode I want to talk to you about motivation! Motivation is difficult to find sometimes, especially if it involves going out in the cold for a run, when all you want to do is curl up on the sofa with a blanket! Our intentions start off well, but as those dark nights creep in, it gets much harder to maintain! I think this is especially true if you’re doing something new for the first time, like trying to get out of debt or starting a new way to budget. Seeing results can take a while in both cases! Motivation will wax and wane - you won't always feel "on it", but here are some ideas for how to keep yourself on track as much as possible. It's ok if you fall off the wagon from time to time, but do your best to get back on it and keep working on those goals! For the show notes go here: For the money personality quiz, go here: Until next time! Nikki x
September 11, 2020
Episode 49: Be Money Savvy No Matter What Your Income!
Hello! When I started on my money journey, I was convinced that to ever have real wealth, I'd need to be either born into a rich family, or win the lottery. Since learning more about finance, I now realise what BS that is and how it's related to my own money-blocks and limited thinking. ANYONE can improve their financial destiny and become money savvy by employing a number of tweaks to their finances. And I really don't think it's that hard - and certainly not as hard as it's made out to be. Yes, having more money coming in makes things EASIER, and I'm certainly not going to pretend that people who rely on benefits/maternity pay can necessarily take ALL the advice that's given about personal finance, BUT, there is always something you can do to improve your financial circumstances. And be ok with the fact that you will need more TIME. So here are my tips for being money savvy no matter what your income! For the show notes, go here: Until next time, Dr Nikki x P.S. if you have a topic idea of would like to potentially be a guest, please email me:
September 4, 2020
Episode 48: 8 Key Takeaways - The NHS Pension For Absolute Beginners
Hello! The NHS pension causes A LOT of headaches for people, which is why I asked Medical IFA Sarb Chahal and Medical Accountant Tina Milligan to come into my facebook group to talk about it from a beginner's perspective. It was a LONG session!! I definitely think there is scope to do more on this though because it is such a huge topic! It's not just for doctors - this applies to anyone with an NHS pension. For the show notes, go here: Until next time, Dr Nikki x
August 28, 2020
Special "Feature Length" Episode 47: The Feminine Archetypes With Cheryl Douglas
Hello! In this extra -special 10-minute take-away, I speak with the AWESOME Cheryl Douglas about the Feminine Archetypes that she has created.  Our personality holds the KEY to how we manage money, life and everything! Once we figure out our strengths and challenges, we can then. ALIGN our personality with our path to wealth. It's such a powerful thing to learn about.  If you would like to find out which archetype you are, and learn about some other fabulous self-discovery tools, check out the show-notes here: See you next week! Dr Nikki x P.S. If you would like to comment, suggest a topic or be on the podcast, please let me know by sending me an email:
August 21, 2020
Episode 46: How To Improve Your Credit Score
Hello! Your credit score is a digital footprint of how you are with money. Banks use it to decide how "risky" you are to lend money too.  So do you know yours? And do you know how you could improve yours? Listen in and find out! The show notes are here: Love, Dr Nikki x Feel free to come into my free facebook group or email me if you have any comments or feedback:
August 14, 2020
Episode 45: How To Create An Abundance Altar
Hello! Do you feel like you're working SO hard, but everything you do feels like an effort and not helping you gain the results you want? Me too until I decided to embrance the universe and ask for help in all my endeavours. I have built up an abundance altar that helps me to appreciate the abundance I have already in my life, and to help bring in more. This episode is all about how you can do yours too! The show notes are here: Love, Dr Nikki x Feel free to come into my free facebook group or email me if you have any comments or feedback:
August 7, 2020
Episode 44: Your Money Journey – What To Think About At Every Life Stage
Hello! As with everything in our lives, when we get older, our needs change. Our money needs are no different, and what you need as a young adult may look very different to when you’re in your menopause. Our money journey may have started out in stress – but it doesn’t need to end in stress. No matter where you are on the path, you can redirect yourself and get back on the pathway to wealth. You can find the show notes here: Love, Dr Nikki x Feel free to come into my free facebook group or email me if you have any comments or feedback:
July 31, 2020
Special "Feature Length" Episode 43: Money Mindset Interview with Dr Joanna Martin
Hello! This is an extra special long interview with the most amazing woman - Dr Joanna Martin! There is SO MUCH GOLD inside this interview.   If you're someone who struggles with money, it's likely you have a money block or two. To be honest, we ALL have them, and if you think you don't, you just haven't found yours yet.  80% of managing your money is about dancing with the voice inside your head that is trying to put you off.  So sit back and enjoy the wisdom that is Dr Jo to uncover your own blocks and do something about them!   Free Wealth Insights Training 1st August:   For the show notes, go here: Enjoy!  Love Dr Nikki x P.S. Feel free to get in touch:
July 24, 2020
Episode 42: How To Future Proof Your Finances
Hello! Unless you've been living under a rock, you'll know how hard recent events have been for everyone - some more than others. Money in particular has been a huge focus for so many people, and not in a good way. If things have not quite gone to plan, then it can be really tempting to beat ourselves up with the "should ofs", "would ofs" and "could ofs". This is not helpful if this is all you do! (and definitely not good for your mental health) What you can do however is use this information to TAKE ACTION and get things sorted with your money, so that if anything like this happened again you'll be prepared. This is your time to getting around to doing those tasks that somehow never make it to the top of your "to-do" list. So here are a few ideas to get you started. And if you want the freebie I mention, go here: Love, Dr Nikki x Feel free to come into my free facebook group or email me if you have any comments or feedback:
July 17, 2020
Episode 41: Investment Scams – How To Spot One And Avoid Getting Stung
Hello! Scams are sadly part and parcel of modern daily living. It’s the reason why your bank is going to great lengths to stop you from spending money from your account without checking and double checking with you that what you are doing is a legitimate transaction. It happens all the time, and to people who think they’re switched on too! And it’s not your fault if you do get involved in a scam – these people are devious! With the online world ever-expanding and scammers getting more and more sophistocated, it’s not surprising. So let’s talk through what a scam might look like, how you can spot one, and ultimately keep yourself as safe as you possibly can. For the show notes, go here: See you next time, Dr Nikki x P.S. I love feedback, so if you have any comments, suggestions or queries, feel free to email me:
July 10, 2020
Episode 40: My Experience Of Building An Online Business
Hello! I can’t quite believe this, but The Female Money Doctor is now officially 3 YEARS OLD!!! For 3 years I have been writing about money, mindset and abundance thinking and that feels like quite a milestone to me. It's longer than some marriages!!! 3 years is the same length of time it takes to study a university degree, and I definitely feel like I have had university-level schooling in what it takes to be an online entrepreneur building a business. It’s not as simple as slapping up a website and expecting people to find you. I think if it was, then entrepreneurship wouldn’t be that exciting! Here’s a run-down of what I’ve learned in the hopes it will help you if you’re deciding to start a business like mine. For the show notes, go here: Lots of Love, Dr Nikki x P.S. If you'd like to get in touch to provide comments/feedback etc. then feel free to do so here:
July 3, 2020
Episode 39: 10 Rules For Successful Investing
Hello! Today I thought I'd share with you 10 rules for successful investing. It's not a scary process once you know the basics, and actually, if you follow the rules you will stay safer than someone who doesn't. I will stress that investing can mean you end up with less money than you put in, so make sure that you gain some education for this and learn how to do it properly. For the show notes, go here: The resources I mentioned are: The Pension E-Book - Ethical Investing - And if you would like to LEARN how to invest, drop me an email or send me a message on facebook or instagram! Lots of Love, and happy investing! Dr Nikki x
June 26, 2020
Episode 38: Ethical Investing
Hello! This episode was inspired by a member of my lovely community, so thank you for your suggestion! Ethical investing is becoming more popular than ever, and there is such a call for it now. We want companies to quite literally, clean their act up in the environment, support diversity and create positivity in our communities.  Go here for the show notes: Ethical investing is definitely here to stay, but it can be confusing - there are lots of different terms for how it is described! I have created a freebie download for you to use based on this episode: Enjoy!  Dr Nikki x P.S. If you would like to feedback, offer suggestions or just say "hi", then drop me an email:
June 19, 2020
Episode 37: The Pension Bar Top
Hello! In this 10 minute takeaway, I talk through retirement planning using a bar analogy - you won't have heard it spoken about like this before! Retirement planning doesn't have to be complicated when you realise that it's just like going on a bar crawl - just how many drinks can you handle?? Go here for the show notes: And because it's a huge topic for such a short space of time, if you want to read more, head over to this page for the freedownload: Take care, Dr Nikki x P.S. If you would like to feedback, make comments, suggestions or just want to say hi, feel free to do so through my email:
June 12, 2020
Episode 36: How Might Negative Interest Rates Affect You?
Hello! In this episode, I ponder what might happen if negative interest rates become a reality in our country - it has happened elsewhere so could be a thing! I certainly hope it doesn't happen, but if it does, it only lasts a short while. Here's the article I referred to if you'd like further reading: Who knows what the future might bring? Until next time, Dr Nikki x
June 4, 2020
Episode 35: 10 Tips I Have Learnt For Successful Manifesting
Hello! In this episode, I talk about 10 things I have learnt from the best at what they do. Manifesting is a handy tool to have in your armoury for wealth creation, but what is it, and how do you even use it?? Here are some of my favourite tips! And the show notes are here: Have fun with this - I think manifesting is what brings magic to money! Love, Dr Nikki x P.S. If you have any comments, questions or suggestions, drop them to my email here:
May 29, 2020
Episode 34: What's The Difference Between A Money Coach And A Financial Adviser?
Hello! I sat and pondered this question recently and thought I’d share my ponderings! I’m going to a lot more networking meetings, and it struck me that some people didn’t “get” what I did. I’m not an IFA (independent financial adviser), so what am I then? Here in this 10-minute takeaway, I discuss the differences to help you decide which one you might want to work with. For the shownotes, go here: And here's the freebie I mentioned: Enjoy! Dr Nikki x P.S. I love hearing from you, so feel free to drop me an email here:
May 22, 2020
Episode 33: How I Got A Fitbit For "Free"
Hello! I needed a stepcount watch-type thingy, and I decided that I was going to challenge myself to manifest it for free. So I used all my cash-back tools and made it happen! Here's how I did it..... And if you want the freebie I mentioned, go here: and the show notes are here: Good Luck! I can't wait to see what you "manifest"! Dr Nikki x P.S. If you want to come on as a guest or suggest a future topic, send me an email!
May 13, 2020
Episode 32: Are You A Good Money Leader?
Hello!  In this episode, I mull over the idea of being a good leader to money. It needs direction and purpose, otherwise it disappears off to someone else!  So.... how good a money leader are you? Here's the show notes: Love, Dr Nikki x P.S. If you have a podcast episode idea, or would like to be featured in a member spotlight, then feel free to get in touch:
May 8, 2020
Episode 31: Community Member Spotlight - Stephanie Stevenson-Ward
Hello! In this session, Stephanie talks about how her mindset around spending has completely turned around! She has found all sorts of amazing savings just by going through her bank statements. Her story is awesome and so inspiring! For some further information on how you can start looking at your budget like Stephanie has, go here: Lots of Love, Dr Nikki x P.S. If you have any questions or would like to be featured in a member spotlight, then send me an email:
May 1, 2020
Episode 30: What's The Difference Between Saving And Investing?
Hello! In this session, I'm answering a question I saw in a group I follow on facebook. The individual wanted to know what the difference was between saving and investing, so I thought I'd break down this question for you now.  And if you fancy reading the show notes for more detail, go here: Lots of Love, Dr Nikki x P.S. If you have any questions or would like to be featured in a member spotlight, then send me an email:
May 1, 2020
Episode 29: Community Member Spotlight - Hayley Misell
Hello! In this session, Hayley talks about how her money journey has been met with a lot of unexpected bumps and turns in the road! Her story is a real inspiration and serves as a reminder for all of us to prepare and plan for the expected unexpected events that happen in our lives. For some further information on building an emergency fund, go here: Lots of Love, Dr Nikki x P.S. If you have any questions or would like to be featured in a member spotlight, then send me an email:
April 17, 2020
Episode 28: How To Feel Better In Crazy Times
Hello! In times of overwhelm and stress, we can often feel depleted and find life hard to cope with. BUT, if we focus on the things we CAN do, instead of what we CAN'T do, it can really help calm the stress down. So here are 10 ways you can feel better in crazy times. For the show notes go here:  Lots of Love, Dr Nikki P.S. Feel free to get in touch with me here:
April 9, 2020
Episode 27: Community Member Spotlight - Jill McGowan
Hello! This week I starting something new - community member spotlight sessions! Starting us off is the lovely Jill who has had an amazing career to date. She talks about the inspiration she has had to manage her own money and is starting to look at investing for her long term financial success.  To get in touch with Jill, you can email her: For "10 Investing Ideas You Probably Haven't Thought Of", go here: and for my bar-inspired freebie on planning for retirement, go here: Lots of Love, Dr Nikki x P.S. If you have any questions or would like to be featured in a member spotlight, then send me an email:
April 8, 2020
Episode 26: How To Invest In A Crisis
So you may have noticed that the markets have dropped lately - even if you aren't currently an investor you couldn't not have seen it! The news has been FULL of it! What I want to do in this post is hopefully make you feel more reassured that investing in a crisis is possible AND "do-able", you just need to remember the rules. For the show notes, go here: Enjoy! Dr Nikki x P.S. If you have any questions, come into my FREE PRIVATE Facebook Group: or send me an email:
April 3, 2020
Episode 25: Do You Have A Will???
So you’ve heard that having a will is a grown-up thing to have, but you’re not entirely sure how to even go about sorting one out (or even if you actually need one?). Then you go to buy a house, and the mortgage broker tells you that you need to sort one out, and they can help you do it…. …this is great! But before you do, let’s talk through a few things first so you don’t get your fingers burnt. And these testing times, it's more important than ever! For the show notes, go here: Stay safe, Dr Nikki x
March 25, 2020
Episode 24: What To Do With Your Money In A Crisis
We're living in some really uncertain times right now, and it can feel incredibly overwhelming and upsetting. So many sectors are being seriously affected by recent government recommendations, and this is putting a lot of people out of work. Money then suddenly comes to the forefront of everyone's mind, because for many people, working is the only source of income they have. It's a hard time to realise that having an emergency fund would probably have been a good idea. So I get it - I see this all the time working as a GP, and not just in the current climate. Illness strikes at ANY time and can turn someone's world upside down. But in chaos can come clarity, and actually, this is probably a really good time to evaluate your finances - particularly if you have nothing to do right now. These are my thoughts on how to handle your money in a crisis. Show Notes Take care of yourself out there, Dr Nikki x P.S. if you want to comment or ask a question, feel free to email me:
March 19, 2020
Episode 23: Building Healthy Habits To Last A Lifetime
Lately I've been obsessing over a book called Atomic Habits*, written by James Clear, and I want to share with you the points I've picked out that I think come in really useful to building healthy habits around money. Creating wealth is just a series of good habits built up over time. Equally, being broke is a result of a series of bad choices, or bad situations that led an individual into debt. It generally happens slowly - overspending, putting things on credit like cars or furniture, not prioritising saving, unexpected events etc, and one day you wake up and you're in £20,000 worth of debt. For the rest of the show notes, go here: For the budget prompter, go here:  Until next time! Dr Nikki x P.S. If you have any comments or wish to make suggestions for future episodes, let me know by email:
March 13, 2020
Episode 22: 6 Money Myths That Are Holding You Back
Money is one of those subjects that has a lot of "collective wisdom", but in reality, “common knowledge” can actually be holding people back from properly managing their money. Let's start unpicking 6 of them! For more show notes visit here: Until next time! Dr Nikki x P.S. Join my "money myths busted" mini-series by signing up using your email address here.
March 5, 2020
Episode 21: Where Am I Going Wrong With Money?
This post has been inspired by a question I received. Do you ever feel absolutely overwhelmed with money, and you feel that you can just NEVER get ahead?? Just when you think that you have some savings, BANG! Something happens, and then you have to take that money out again and your savings go down to £0 again. It's really easy to get completely dispondent. So, in this post, I want to talk you through some things you can do to start examining what's happening. For more show notes visit here: Until next time! Dr Nikki x
February 27, 2020
Episode 20: What Is Compounding?
A wise man once said that compounding is the 8th wonder of the world: “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it” – thought to be Einstein But what exactly is compounding? This is what I like to call: “money making money babies”. For more show notes visit here: Until next time! Dr Nikki x
February 21, 2020
Episode 19: The Cashflow Quadrant
One of my favourite authors writing about money is Robert Kiosaki. In fact, the first book I ever read was Rich Dad, Poor Dad*. It really opened my eyes to what was possible in life when it came to money, and it sparked my interest in this topic. A while later, I read another of his books, The Cash-Flow Quadrant* and I realised that building wealth involved needing to transform what I was doing with my money long term and how I was making money too. Many people think is that they need to go self-employed to make money. This is partially true, but it is the way that you do it which holds the biggest key to success (and less stress!). I’m going to talk through what I have learnt from this book, and perhaps you’ll want to check it out and read it yourself too! For more show notes visit here: Until next time! Dr Nikki x *affiliate links
February 6, 2020
Episode 18: Get Your S*** Together!
Before you even get started with tracking and budgeting, it helps to have your hand on EVERYTHING you might need – this includes old pension statements, your income, bank log in details…. all of this is useful when controlling your finances. You’ll feel like a rockstar if you put this together!! For more show notes and the resources mentioned, visit here: Until next time! Dr Nikki x
January 17, 2020
Episode 17: How To Fall In Love With Money Again
So while the love of money itself is not particularly helpful, the love of what money can do for you is! If you don't pay attention to money then it will run off and go visit someone else [insert your favourite shop here]..... So if you want money to stick around more, here is what you can do. For more show notes and the resources mentioned, visit here: Until next time! Dr Nikki x
January 10, 2020
Episode 16: How To Make Saving Money Fun!
Saving money is not up there on the 10 ten list of what is fun in life is it? Saving money is repetitive, it’s boring and it’s slow. But what if we made it more fun? I am NOT a natural saver, so I need to do things to help me stay the course when it comes to saving. So I use fun challenges and games to make saving money fun for myself….. otherwise I wouldn’t be able to do it. Here are my tips! For more show notes, visit here: Until next time! Dr Nikki x
December 29, 2019
Episode 15: What To Consider When Choosing A Current Account
Recently there have been some questions in the Facebook Group about bank accounts and which ones are the best ones.  This is a *really* hard question to answer because like the world of personal finance and how you manage your money, your choice of bank account is personal!  So rather than say which ones I think are the best, I'll share with you what I think you should look for in a good bank account and what sort of features are important!   Then the choice is yours....   For more show notes, visit here: Until next time! Dr Nikki x
December 5, 2019
Episode 14: The spiral of change
Change is scary - but there is a predictable way to see where you are in the process. This is my take on the cycle of change, and how you can use it. For the shownotes go here: Dr Nikki x
November 21, 2019
Episode 13: Comparisonitis
We all do it, but to what extent does it affect your money? The show notes are here: Until next time, Dr Nikki x
November 19, 2019
Episode 12: Procrastination
Are you struggling with moving forward with your money due to procrastination? Here are the show notes: Until next time, Dr Nikki x
November 19, 2019
Episode 11: Covering Yourself In An Emergency
Emergencies happen all the time - and they are costly!  Do you have an emergency fund? Dr Nikki x
November 19, 2019
Episode 10: Debt vs. Investing
Whether to pay off debt first before starting to invest has been a conundrum for so many people! I had the same question when I first started properly taking care of my money – the finance books said yes, pay off the debt first, then you can focus on saving and investing. Go here for the show notes: Enjoy! Dr Nikki x
November 19, 2019
Episode 9: Financial Abuse
We have all heard of domestic abuse – and this conjures up images of women with bruises and scars to most minds. But domestic abuse is so much more than this. Not only can it affect men too, but it can also extend beyond the physical and the emotional. The show notes are here: If this affects you, then please get some help via an organisation like Women's Aid. Dr Nikki x
November 19, 2019
Episode 8: Investing Without The Faff
Have you ever thought about investing, but then looked at the financial times and felt absolutely overwhelmed? Yep, me too….and when I learned about index trackers, I realised that I had discovered a way to invest WITHOUT all the faff around researching companies and trying to time the market. Here are the show notes! Until next time, Dr Nikki x
November 19, 2019
Episode 7: Take Care Of The Pennies And The Pounds Will Take Care Of Themselves
Money is not exciting. What money can buy CAN be exciting, especially if you’re ticking off that bucket list. Money itself is boring. If you’re managing it well, it really is boring! The only excitement I get is seeing my savings increase over time, or my debt being paid off bit by bit. The reality of good money management is not to get caught up in the “get rich quick” type of projects. More money definitely does not solve everything in your life, although it can certainly help to get out of debt and to live comfortably and healthily. The show notes are here: Dr Nikki x
November 19, 2019
Episode 6: My Fintech Three
I love fintech - and the market for this in the UK is EXPLODING!! Here I talk about my three go-to's, and for the show notes go here: Until next time, Dr Nikki
November 19, 2019
Episode 5: When Did You Last Think About Retirement?
Retirement - it's something we all want to do one day! So are you preparing for yours yet?? Here are the show notes: Enjoy! Dr Nikki x
November 19, 2019
Episode 4: Should You Get A Credit Card?
Credit cards are so easy to get now - I can't tell you how mad it makes me!! There isn't anything wrong with having one, the issue I have is that there is no education that comes with getting credit cards. So here's my take on, and here's the show notes: Enjoy! Dr Nikki x
November 19, 2019
Episode 3: Triggers and Blocks
We all have money triggers and blocks that need addressing - it's amazing how these unconscious beliefs quietly sabotage our efforts.  To have a look at the show notes, visit this link: And for further reading on 6 blocks you might have going on in your life, take a look here: Until the next 10 minute takeaway! Dr Nikki x
November 19, 2019
Episode 2: Pensions and Consolidation
For the shownotes, head to: My *FREE* guide to pensions e-book is here: Dr Nikki x
November 19, 2019
Episode 1: Introduction To The Money Medicine Clinic
My name is Dr Nikki Ramskill and I’m a real life GP. I decided a few years back to make some big changes in my money life, because I was sick to death (ha ha no pun intended!) of not feeling like I ever had any. I come from a working class background, and worked hard to get a good job so I could have the lifestyle of my dreams. I wanted it all – clothes, shoes, a house, a car, travel around the world, and above all, to retire in style “some day”, living life one cruise to the next. My parents are generally quite frugal people – but as a teenager I didn’t want to be like that. I wanted to do and be and have whatever I wanted, whenever I wanted it (which was usually NOW!). I ignored their sage advice to “never get into debt” and “save for a rainy day”. This got me into heaps of trouble through my university years. I also made the classic mistake a lot of women do of giving all my money away to my then partner. I barely remember what my first ever paycheck as a doctor was spent on, and through my own apathy, I had absolutely no idea how the money was budgeted every month. I just let him deal with it. Consequently, when I decided to walk away from the relationship, I lost everything except my clothes and makeup (phew!). My flat, my fur-babies, my money. All gone. I felt so much guilt for being the evil ex-girlfriend that I even paid more money to cover the mortgage payments for a few months, pay off joint debts we owed, and gave back my engagement ring. Its safe to say that my late twenties were spent living with my parents and saving (badly) for a flat of my own, plus racking up debt to go on holidays and buy things I wanted, just because I wanted to and I was a free agent again. But now I’ve gone from being someone who doesn’t save or invest, to someone who saves and invests regularly AND has money left over in the bank at the end of a month. I created a lot of debt in my 20s, but I’ve now put in place a plan to get rid of this too. Do you want to know how I did this?As a doctor, I can see the burden people carry. The worry, the stress and the shame, all due to poor money management. And its not your fault! I don’t remember being taught how to use money wisely at school. Do you? You’re also NOT ALONE! ● 4 out of 10 adults in the UK are not in control of their finances ● 4 in 10 have less than £500 savings to cover an unexpected bill ● Around 25% normally revolve a credit card or have used high-cost short-term credit in the last year I therefore decided to use my knowledge to help others make changes too. We could all have a much better standard of living if we followed some keys rules to manage our money properly. You don’t have to be making tonnes of money every year to do this either. It all comes down to how you spend your money and how you think about money. My mission is to help women make more empowered decisions about money by letting you learn first hand from MY mistakes (trust me I’ve made them all). We are becoming a stronger player in the world of work, and along with that, we are commanding better salaries (although there is still a long way to go on this). We have the power to change the world around us, not only for ourselves, but for our families too. You just need to learn a few simple tricks and tips to do this and practice regularly. So follow me and my blog for help, clarity and guidance around money. I will aim to do this in a realistic and amusing way, because money has enough of a stigma as it is without it being BORING too! So lovely, you’re worth it, and your money is worth it. So lets get moving and improve your finances STAT! Dr Nikki x
November 19, 2019