The Week in Tax; Terry Baucher talks to Lynda Moore about how you can make better choices managing money and reaching financial goals

This week, I’m joined by Lynda Moore, The Money Mentalist. Lynda’s background is in accounting, so she understands numbers. She also studied under Professor David Krueger in the USA to focus on money psychology. She now combines two skill sets as money mentor/coach, working with business owners, couples and individuals to get an understanding of how they think, feel and behave with their money, how they can make better choices to reach their financial goals.

TB
Mōrena, Lynda, welcome to the podcast.

Lynda Moore
Good morning. It’s lovely to be here.

TB
So, Lynda, how do people’s attitude towards money change when it comes to tax?

Lynda Moore
There’s a bit of a spectrum to it. At one end of the spectrum, you have people who are kind of terrified of the tax department and will do anything to make sure that they make those commitments to the IRD. or not they can afford to do that in terms of cash flow and other things going on.

And at the other end of the spectrum, there are those who kind of go, “It’s just the tax department. I’ve got other things to do” whether it’s right or wrong and what I think they should be doing with their money. And then somewhere in the middle there, you’ve got, I guess, what you cal good compliant tax people who know what’s coming up, a plan for it, and they manage their tax really well. I tend to work with people who are kind of at either end of that spectrum.

 

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