This episode of the Your Recipe for Financial Success podcast was published on 27th August 2020. You can listen again by heading to our Episodes page, or on your favourite podcast player.

In this episode, we have our very first Guest Baker; Emma Roache! Emma is a personal development and leadership coach. She popped in to sprinkle us with advice on how we can take control as we emerge from lockdown.

 

Money and Anxiety: Taking Control After Lockdown

We are all experiencing a particularly turbulent time at the moment. Covid-19 has caused many people a lot of stress and anxiety, especially when it comes to money.

So what are Emma Roache’s top tips for taking back control as we emerge from lockdown?

  1. 1. Don’t compare yourself to others. Everyone reacts to things differently and have their own worries and concerns. What is a huge deal to one person might seem insignificant to another. Just focus on yourself and what is important to you. Whether that means applying for a new job after being freelance to ensure a steady income or moving back in with your parents to avoid the strain of rent payments.
  1. 2. Don’t get hung up on the news and social media.
    If you spend a lot of time on social media, it’s likely that you will start judging your lifestyle to that of the people you follow. The problem is, you’re not likely to be seeing the whole story. So again, its not helpful to compare yourself to others! You never know, they could be funding their lavish lifestyle on credit cards which we all know could cause your personal finances to sink in the middle.
  1. 3. Fake it till you make it.
    Acting with confidence can be a really good way to actually build your confidence. If there is something you have been putting off, or are worried about doing (maybe facing building debts) acting with confidence will hopefully help you take back control.

Will you be trying out these ingredients to season your personal finances as we emerge from lockdown?

 

Rediscover the conversation

 

Emma Knights
In this week’s episode, I’m talking to Emma Roche from ‘Unlocking Your Full Potential’, and we’ll be taking the heat out of your money worries post lockdown. You may remember Emma from our launch party where she told you a little bit about herself. Emma, can you tell us a little bit more about yourself?

 

Emma Roache
I certainly can, I’m so excited to be doing a podcast! So, I’m Emma Roache, from Unlocking Your Full Potential. I help people to be happier and have better relationships in life and business. I’m a professional certified Coach, which is something I’m quite proud of, it took me a lot of time to train and to get to that point. So, lots of hours doing that. I help, lots of different people with all different things like confidence, self-esteem, managing stress and anxiety which obviously at this moment, is quite a big topic for us.

 

Emma Knights 
It certainly is. So, can you tell me about your earliest memory of money?

 

Emma Roache 
Okay, so I’ve got a funny story. So one of my first memories of money is when I was little, I used to often find money on the street. And I was on the bus home one day with my mum and my little brother, and maybe my granddad I don’t know if he was there or not but he definitely thinks this story is funny. I found a one-pound note on the floor because I’m that old and it had a rip in it so I threw it out of the window! I was like “that’s no good it’s got a rip in it!” and I threw it out of the window!

 

Emma Knights 
Oh wow, throwing money away!

 

Emma Roache 
Yeah.

 

Emma Knights 
I hope you don’t do the same anymore! It’s a good story, I like that one. What is it that made you get into coaching in the first place?

 

Emma Roache 
I had quite a challenging childhood and found myself homeless at 16, which was quite challenging, and I’ve pretty much been on my own ever since. And so, for me, I’ve overcome lots of challenges. I worked in financial services like you guys for a little while and then I left that and I went to work as an outreach worker for a “not for profit” in Norwich supporting women to actually improve their economic lives – it’s part of the local economic growth.

 

Emma Knights
Going back to your roots then!

 

Emma Roache
Yeah and basically during that time I was helping women in Norwich. That sounds bit sexist but it wasn’t sexist at all it was pro-women not anti-men. Many of our women we worked with had suffered domestic violence or sexual acts so we helped them to get back into the workplace, and things like that and as part of that, I got to train to be a coach.

I just loved it and it just really suited me. It was all the way back in 2007 I started doing that. So, I’ve been doing it a long time, and I just really love it. I love helping people.

I don’t know if you know, I’ve got a social enterprise as well. I help people who are a bit like I was when I was 16, or are those similar groups who are vulnerable, and I help them to unlock their full potential, to be happier.

 

Emma Knights
It sounds like you’re always busy and on the go!

 

Emma Roache
Yeah.

 

Emma Knights 
So, why do you think that money is such a big source of stress and anxiety in today’s world.

 

Emma Roache 
Yes, so much anxiety is around because there’s so much uncertainty. A lot of the things that we have in our lives to keep us safe are not there at the moment. Security can be lots of things, financial health, your physical security and all these different things and all of those are unsettled at the moment.

We don’t have that sense of security and then we’ve also got worries around our jobs being safe, whether our income is going to continue because of the current situation. I think many people are stressing about that and feel quite anxious right now.

 

Emma Knights 
So, it’s probably an obvious question, but do you think media helps with stress?

 

Emma Roache
I think the media and social media in particular doesn’t always help no.

I think it doesn’t help with overall stress and well-being, whether that’s money related or not, because we often see people living this wonderful life and it’s all amazing and we think, “oh my god everyone’s coping so much better than we are”. But actually, that’s not the full story and I do talk about that quite a lot.

When we judge ourselves against others, and that could be financially, or it could be just overwhelming stress and anxiety and coping with different things. But that’s only a little snippet. On social media, some people do but not everyone posts all of that stuff and their concerns, their worries and their fears so no I don’t think the media helps. I limit my interaction.

 

Emma Knights 
Do you think it’s also an issue that people don’t talk about it so you say some people will post everything, and other people don’t say anything? Is that a problem on its own?

 

Emma Roache
Yeah, I think so. I think people don’t like admitting that they might need some extra support, or they might be worried about something in particular.

I think, particularly in the UK, we don’t want people to judge us or think badly of us, so we don’t want to say, “I’m a bit worried about money.” You’ll put on a brave face and say, “yeah I’m doing well thank you”. I think there’s a place for that, and I think sometimes we can make ourselves feel better by pretending. You know “fake it till you make it”.

 

Emma Knights
I’ve never heard that saying before, I like that one.

 

Emma Roache
I use that with my clients sometimes because if they’re not feeling confident, I’m like, “okay, what would it be like if you did feel confident?” You can fake it to make it and the more you appear as confident, the more you feel confident. That sometimes can work, but I think it’s really important to feel comfortable to be able to reach out and ask for support or guidance.

That’s where things like this podcast are really useful, because people can access it without actually having to say anything. They can just listen in and take some advice from it for themselves.

What I find is, particularly in what I do, people don’t want to open up, but when they do, then the transformation is huge. Then they wish they had done it sooner.

Being happy and finding happiness and actually finding some confidence and security can make you more successful. Yeah, they can help you to get that next job or to get that new client, and things like that so it’s all really linked.

 

Emma Knights
I think just being around you as well is going to help because you’ve got this kind of aura about you that like makes people happy.

 

Emma Roache
That’s my goal.

 

Emma Knights 
As we now start to return to normal people are obviously facing these issues, whether it may be the loss of a job or reduced income, what would you suggest is a good way to start helping them through that?

 

Emma Roache
When everything around us is so out of control, what we need to do is start looking at things that we can control. I think that’s really important.

What can we do to help ourselves? So maybe reduce our spending, I know you’ve got a podcast about that as well, but it’s really important particularly right now, not spending on things you don’t need. It’s just managing what we can control.

I’ve just written a blog about social anxiety, people are worried about getting out, people may be worried about going back to work or to go and meet clients, and it’s about making it as safe as we can for that individual and again, not judging yourself against other people.

 

Emma Knights 
Yeah, which I think is a really good thing because some people would wear a mask absolutely everywhere they go and then other people wouldn’t. But obviously, if you’re meeting up with someone else you need to come to an agreement on those sorts of things and just make sure everybody’s happy in the situation you’re in.

 

Emma Roache 
One thing that I work with people on a lot is that we can’t control other people. I can’t control you, you can’t control me and what I do. I can control myself, so I can do things that make me feel safe. I can have healthy boundaries and go “OK I’ll do this but I won’t do that”, so I think it’s about looking at what we can manage and control which makes us feel safer. Having nice healthy routines to help our well-being. It’s all really linked, I think.

 

Emma Knights 
Obviously, there’s going to be people listening today thinking “what can Emma actually do to help relieve my money anxieties, what would she do?”

 

Emma Roache 
Okay, so when people work with me, they have all different fears and anxieties, but I work with people in different ways. I have a monthly group which people can join, I do one to one coaching and then I have the social enterprise as well. There are all different ways you can work with me, and I help people to take a look at things from different perspectives, to build confidence and self-esteem and to manage their worries.

 

Emma Knights
If anybody listening today wanted to get in touch with you to have a chat about how you may be able to help them, how would they get in contact with you?

 

Emma Roache 
They can visit my website, which is a www.emmaroache.com and for those who don’t know this my surname is R O A C H E, because its spelt in many different ways. I’m on lots of different social media platforms as well, all the links to these are on my website.

 

Emma Knights
It is really good to have another Emma on the show. I’ve actually missed asking something really very important to Your Recipe to Financial Success. I haven’t asked you what your favourite recipe is?

 

Emma Roache 
Well, it’s really naughty. I’ve got lots of recipes that I love but this is a quite a naughty one. It is a Nigella recipe and it is mint chocolate mousse. It is amazing.

 

Emma Knights
I think I might have to make it!

 

Emma Roache
You need to make it, it’s so nice! And you can make it with white chocolate too but it is very very sweet, I sometimes make it with dark chocolate too, I’m a bit of a maverick. Actually, with dark chocolate is not quite as sweet but it’s just as good! I recommend trying that! Maybe don’t have it in quite the portions that Nigella says, maybe a bit smaller because it is very very rich.

 

Emma Knights
Fantastic, definitely going to give that one a go!

 

Emma Roache
Do it!

 

Emma Knights 
We’ll pop the recipe for Nigella’s mousse on the website. We thank you very much for coming today. And we look forward to you coming on again in future where we can talk about more specifically about different topics that may be able to help our listeners.