#113 Luca Caruana - The relationship between money and career choices

In this episode, I catch up with Luca Caruana, a financial expert, money coach and founder of MoneyPal.

We discuss the importance of financial wellbeing and literacy. Luca shares insights on the common financial struggles people face, the significance of having an emergency fund, and how to create a spending plan. 

He emphasizes the relationship between money and career choices, the importance of understanding one's financial goals, and the impact of health on financial decisions. 

The conversation also touches on the misconceptions surrounding money, the value of pursuing passion over paycheck, and the need for open discussions about finances within communities.

Takeaways:

• Emergency funds are crucial for financial security.
• Many people struggle with money despite high incomes.
• Creating a spending plan can help manage finances better.
• Understanding your financial goals is essential for success.
• Health issues can shift your perspective on money.
• It's important to balance saving with enjoying life.
• Discussing finances openly can reduce stigma and stress.
• Pursuing passion in your career can lead to greater satisfaction.
• Helping others with financial guidance is deeply rewarding.

Chapters:

00:00 Introduction to Financial Well-being
03:35 The Growing Importance of Financial Literacy
05:45 Common Financial Struggles
11:38 Creating a Financial Forecast Plan
15:09 The Impact of Money on Career Decisions
18:34 Understanding Your Financial 'Why'
21:23 Health and Wealth: A Personal Journey
24:50 The Importance of Purpose in Saving
30:03 Common Misconceptions About Money
33:50 Finding Passion in Your Career
36:00 Helping Others: The True Reward
40:21 Building a Community Around Financial Literacy

Check out Luca below:

https://www.linkedin.com/in/moneycoachluca/

This episode is in partnership with Recview :

https://recview.co/