My name is Krystle McGilvery and I’m a finance and behavioural change catalyst. I work with individuals and Business Leaders in helping them to improve money confidence. Both in their personal life or in their business.
What I do
My focus is on behavioural finance, so my work is largely about the psychology behind your decision-making. So a lot of my work is focused on you, the individual. We start by getting you comfortable with money, understanding your habits and your behaviours. Then we move on to the practical elements of finance.
Mental Health and Money
Good mental health is imperative when it comes to money management and making financial decisions. The state of your mind, directly impacts the state of your finances and vice versa. It works both ways. The state of your finances directly impacts your mental state.
So it’s imperative to pay attention to both. Having the confidence, resilience and understanding to make good financial decisions, but also maintain good mental health. I integrate cognitive behavioural therapy strategies into my work. I’m a cognitive behavioural therapy life coach.
I deal with frictions that may present themselves to people, whilst trying to manage their money. The potential issues financial problems can have on your mental health, include depression, stress, overwhelming anxiety, etc.
There’s been lots of research in the area to see how financial worries, and stress can negatively impact mental health. They all show a direct correlation.
Mind Over Money
Mind Over Money is a Behavioural Change of Finance consultancy. So we do work ranging from one-on-one coaching and mentoring, to delivering, masterclasses and programs. We work with people on a one-on-one basis and work with them in groups. I work with organisations to support their employees, and their beneficiaries.
My one-on-one services include one called the Restarter. This is all about working through your mental blockages. Understanding your habits, getting clear about where you want to get to, and comparing it to where you are now. Identifying the steps that are required to get to where you want to get to. Addressing any bad habits, you have that are hindering, you from achieving those goals. And then finally, of course,
identifying the practical steps required and working through them together.
This may include clearing debt, improving your credit profile, building a financial plan for buying a property. Finally, it’s the implementation stage, which is where we actually set you up to go out and do what you need to do with your finances and build these new habits and systems. After that, we come back and we revisit, and revise to make sure it’s actually working for you, your personal financials and supporting founders with their business
So often people set up a business not confident about the business finances, but of course, your finances in your business are so imperative in order for you to have a sustainable business. I work with the founders to help them, feel confident, competent, and have clarity about what they need to do in their business. I also give them the tools they need to continue managing and maintaining their business and increasing profit
Why I do What I do
I was inspired to start Mind Over Money, because I saw people around me who were struggling with their finances. That’s both people who are self-employed and individuals and myself being an accountant working in the industry for 15 years.
I acquired property when I was quite young and on a really good salary. Having a healthy bank balance, being able to travel all over the world and seeing the people close to me that I grew up with were not having such success and I didn’t understand why. So, over time, I started to look deeper into this and understood that it was down to largely the psychology behind our decision-making.
So I went off to study the psychology of decision-making and now incorporate that into my work and see leaps and bounds that people make when it comes to their personal finances. The early stages of starting my business was very difficult, I made sure, I had good people around me. People who I could bounce ideas off. I could lean upon when things were hard. It’s important to surround yourself with good positive, energy people, people who support your vision and reinforce good things that you were doing and also make
the active effort to step away from people.
When you start to build a business, you are likely to change. Especially if you’re going to dive in headfirst into building the business.
How to Cope When Facing Financial Issues
I like to draw so I make sure that I build my artwork into my weekly routine, I make sure I make time to slow down and stop and switch off from work. Improv is something I do as well (acting). I like acting as that allows me to release and switch off my brain to a totally different space and not be all about business.
The biggest concern I’m seeing when it comes to finances are people hiding away, and being embarrassed and ashamed about their finances and that can cause the spiral of negative effects. Because they have been avoiding what may be a bad situation only doubles down the problems. And that stops them from really building sustainability. So back to my program and the kind of work I do, whether it’s a one-on-one session, or group session, we’ll spend an hour, two hours, or half a day, diving into your financial situation depending on what areas need addressing.
Focus on your behaviour and building better financial habits, I think the key area that I address that I don’t see many others is the psychological part of their financial decision-making and actually diving into. Okay, what is it you’re doing with your finances, what’s happening? How do you feel? What are your assumptions, what you avoiding, what are your bad habits and diving into that really sets you up to have a good foundation to then make those good financial decisions and maintain the good positive habits.
I think the one piece of advice that people find interesting is that their financial situation is nowhere near the worst. Most people come to me, you know, tail between their legs, very embarrassed, assuming that their financial circumstances are the worst and that’s never the case. You know, for some people come to me with 1,000 pounds of debt, 45,000 pounds of debt, you know, debt that they’re not looking at, maybe they’ve
avoided the letters for a year and they assume that this is the worst and it never is.
I think that’s the first bit of advice. So when it comes to you thinking, “I need to sort my finances” when you are approaching that Finance expert whether myself or somebody else, know that your circumstances are not the worst and well done for going to get support.
Self-Care for Good Mental Health
To keep my mental health, in Tip-Top shape, I have a therapist, I create artwork, I go outside, and I go to the gym.
Gym is number one, I do it every morning! My self-care activity would be going to the gym in the morning. I feel powerful, I feel untouchable, I feel physically energized and I am ready to take on the world.
I enjoy listening to is Love That Girl, by Raphael Saadiq.
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My name is Krystle McGilvery and I'm a finance and behavioural change catalyst. I work
with individuals and Business Leaders in helping them to improve financial confidence
in their personal life or in their business.
@Krystle_Mcgilvery and @Mndovermoney
Websites: www.krystlemcgilvery.com and www.wearemindovermoney.com
Twitter: @Krystle_McG and @Mndovermoney
Linkedin: Krystle McGilvery and company Mind Over Money