Lea Schodel | Financial Wellbeing Consultant | Award Winning Financial Adviser, Speaker + Educator + Certified Money Coach| 2017 TAL + AFA Female Excellence Winner.

Lea Schodel with Spark icon 1. From a Business Management Graduate to pursuing your studies in Permaculture (Branch of Ecological Science) to acqui...

Lea Schodel with Spark icon

1. From a Business Management Graduate to pursuing your studies in Permaculture (Branch of Ecological Science) to acquiring an Advanced Diploma in Financial Planning & Services to successfully completing your Health and Wellness Coaching. What was the Spark that made you study ALL these?

I have always loved learning. I studied Business Management Financial Planning to establish a career, but my studies in permaculture, health & wellness coaching, yoga, mindfulness and positive psychology have been out of interest and passion.

2. Also, From a Paraplanner to an Associate Advisor to a Managing Director to a Co-Founder to a Founder & CEO. What was the SPARK that made you take this Path?

From the very beginning of my career, I was inspired to be my own boss. I am creative, ambitious and innovative, and I like to think outside the box. The SPARK for me was the thought that if I am self-employed then I can make my ideas happen. I can bring them to life.

3. What was the incident that triggered you to start your Company “Wellthy” and the Program The mindful wealth movement?

I heard research that said 47% of women were not comfortable seeking financial advice. Yet finances play such an important role in our lives, we all need advice and support! I did some research and found that many women found learning about money boring, daunting, overwhelming or not necessary. This sparked my idea to create a social enterprise that makes financial education and financial wellbeing accessible to ALL women. I wanted to provide and run programs that are creative and inspiring (and different to the “normal” left-brain approach to money). These programs tend to attract the dreamers, the entrepreneurs, the freedom seekers, the creatives and artists, healers, yogis etc. I also wanted to make it accessible to those who couldn’t normally afford to participate in programs or get the support they needed, that’s why I started the scholarship program and crowdfunded to run free workshops and programs for disadvantaged women.

4. What was the incident that triggered you to start your Company “Yogic Journeys”?

I met my business partner who resides in India, in an online forum. He commented on a post and his comment resonated so much with my philosophy on life and on yoga that we immediately connected. The shared vision we have is to provide authentic learning experiences for those seeking to take their yoga from a practice to a lifestyle. We specialize in immersion programs designed to explore the ancient (5000-year-old) wisdom outlined in the yogic texts and scriptures and applying them to our modern day lifestyle to support people to create healthier, more connected and balanced lifestyles.

5. Out of ALL Profession, what made you choose “Financial Wellness” and “Financial Planning” as your career?

Money is a leading cause of stress in our lives. And stress is a leading cause of disease. To manage money well is a life skill that many people are not taught and because of this, we often give money more power over our health, wealth and happiness then we should. In order to manage money well, we need to manage ourselves well. It is my purpose to teach and empower others to create a healthier relationship with money so that they can use it as a tool to create a life they truly want to live.

6. You are an expert in Financial Planning. What will be your 5 tips for our audience to grow wealth? We would like to hear from you Both the DO’s and DONT’s.

Do – manage your spending.

Do – create a spending plan (not a budget) to tell your money where you want it to go and to align the spending of it with your values.

Don’t – forget that when you use debt you are using someone else’s money, and tying up your future income to pay off today’s purchases which may limit your options and the opportunities that you can take in the future.

Do prioritize your finances, just like you would your health, relationships, and career. If things aren’t working, then review your habits, thoughts, and behaviors to see where you can make improvements.

Do learn about money. Managing money well is a skill we can all learn to master. Take a workshop or online class, listen to podcasts or read books to increase your knowledge and expertise.

7. You are a very Successful “Wellness Coach”! Can you share the 5 key things that one must follow every day to achieve a Balanced life?

- Sleep is so important. Make sure you’re getting enough.

- Meditate – give yourself space and time to reflect and process things. A daily meditation practice helps to provide clarity, calm and balance to your life.

- Balance – I love the quote, everything in moderation, including moderation! Wellness is about finding balance and avoiding extremes in both the positive and negative.

- Prioritize – everyone seems so busy all the time. If you’re juggling to do lists, personal and professional priorities then it can be easy to feel overwhelmed. Try and prioritize what is really important over all the “noise”

- Awareness – most of the daily tasks in our lives are habitual and performed by our sub-conscious and without our full attention or awareness. I am a big believer in being mindful of everything we do – which requires us to focus on what we are doing at this very moment. By doing this, we are more fully engaged with the task and able to make intentional action to create better habits.

8. In your “Mindful Wealth Movement”, what are the 5 most important takeaways for people irrespective of their geographies?

To manage money well, we need to manage ourselves well. Your thoughts, feelings, emotions, and actions with money need to align and support you if you are to create true and lasting wealth.

Wealth is when we have an abundance of anything truly valuable to us – money may be one of those things, but there are likely to be many other things you need in your life to feel truly wealthy!

Money is a tool that anyone can learn to use in ways to improve your health, wealth and happiness.

We can introduce the practice of mindfulness to our money by bringing our awareness to how we think, feel and what we do with our money. From this place of awareness, we can make more mindful decisions and take more intentional action to create the life we want to live.

9. You have mostly been into the Management cadre as an MD, CEO, and Advisor. What will be your Advice for people to become successful Top Management Professional?

Seek opportunities, don’t wait for them to come to you. If you want to manage others, then you need to be able to manage yourself well – your time, your energy, your career. Lead by example. Invest in yourself to develop your skills and experience. Network. Find a mentor. And have a clear vision of where you want to be – that will act as a destination to work towards and aim for.

a clear vision of where you want to be – that will act as a destination to work towards and aim for.

10. Can you describe your Journey from being an Employee to becoming an Employer? What were your observations?

My first venture saw me become an employer almost by accident. Within 2 months of starting the business I had far more work than I could cope with, so I hired someone to support me and kept hiring others as we continued to grow, within 12 months we had 10 staff. Being an employer requires more of a skillset in managing others, time and your business more efficiently. It also adds more responsibility. To be a good leader I think requires a calmness and empathy but also a passion and vision to inspire and motivate. It is a challenge, but it’s very rewarding.

11. What did you consider as the biggest barrier when you wanted to start your First venture? How did you overcome it?

I have started all of my businesses from scratch and bootstrapped them to build and scale. Gaining access to finance or loans as a small or start-up business can be very difficult to obtain and often this may restrict your ability to scale your own venture if you have limited means to support your goals and growth plans. It can help to have a buffer or savings before you start. But if you don’t, that’s okay – take the slow and steady path to success the destination remains the same, the journey might just take you a little longer.

12. What will be your tips for people, who look at you as their “Role Model” and who would want to follow your path?

Find what you love and do more of that! Don’t be afraid to be you. Authencity and your individuality is your competitive advantage. Don’t be confined to conventional ways, just because something has always been done one way, don’t be afraid to do it another way if you think it will work better. Don’t give up! Surround yourself with people who inspire you and motivate you. Never be afraid to ask for feedback, help, advice, ideas or support.

13. What will be the lessons that you would like to share with the Entrepreneurs? The most important lessons which you learned in the most difficult way?

Don’t wait for things to be perfect before you begin. Just start. Start small, start before you’re fully ready to launch! For your service or product, adopt the concept of a minimum viable product (MVP) then seek feedback, refine, expand and evolve. Don’t be afraid to be very niche in your target market – but if you are niche make sure you know your audience explicitly. Dare to do things differently. Expand and create and innovate!

14. When you were a kid what was the area of work that you said to yourself: “I will do this if I grow up”? And, is what you dreamed and what you are now doing the same?

I didn’t have a set career in mind growing up, but I knew it would involve creativity and travel. Whilst my early career didn’t include much creativity and only had limited travel, with these intentions in mind, I have created a business where I get to explore and use my creativity and travel worldwide.

15. What do you tell yourself every day when you look into the mirror?

Do your best. Be honest and stay true to yourself. You’ve got this!

16. “Ignorance is Bliss” How True is this saying to You?

I like the motto “say yes, even if it scares you”. That way you can’t overthink things or talk yourself out of opportunities. In my opinion, things will always work out if you’re willing to give them a go. Our comfort zones are nice and safe places to be, but the exciting, innovative or life-changing thing really happens in them. I am always seeking growth, and I view every opportunity (whether it’s comfortable or uncomfortable) as an opportunity to learn and grow.

17. What will be your 5 special points for Women in Developing Countries to follow, in order to be a successful Professional? I stress on “Developing Countries” because the challenges faced by women here is much more.

Work out your personal values and stick to them! They can act as a guide in decisions and your career.

Find a mentor and someone you can seek advice, support, and guidance from.

Invest in your professional development and ongoing education. It is one of your most valuable assets and something no one can take away from you.

Get in control of your finances. If you have a good financial foundation it will provide you with stability but also confidence. It will also reduce stress and improve your health and wellbeing.

Own your worth! Charge what you’re worth. Ask for the pay-rise! You deserve it.

18. What is your 3 Life Quotes that you would like to share with our audience?

What other people think of me is none of my business. – Wayne Dyer

The best investment you’ll ever make is the one you make in yourself – Warren Buffett

Do what you love and you’ll never work a day in your life - Confucius

If my mind can conceive it, and my heart can believe it, I know I can achieve it. – Muhammad Ali

Mastering others is a strength, mastering yourself is true power – Lao Tzu

19. Do you think individuals need corporate Experience and a University degree to be a successful entrepreneur? What is your thought on college guys starting their company even before graduation?

I don’t think being a successful entrepreneur requires formal qualifications. I think it requires knowledge, wisdom, motivation, determination, humility, confidence, courage and self-discipline.

20. People say “Failures are the Stepping Stones to Success”. Do people need to actually fail to be successful? Can't things be learned in a Winning Path?

I don’t believe that you have to fail to be successful. But you need to not be afraid to fail!

End of Interview

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