Interview with Julia Scott from Love Luck Wealth - Abbie James

Interview with Julia Scott from Love Luck Wealth

Interview with Julia Scott from Love Luck Wealth

I really wanted to focus on wealth for this interview because I truly believe, the more wealth you have, the more ability you have to help people and the environment. 

I met Julia Scott virtually during Covid and I was lucky to meet her face to face at an event I traveled up to in Sydney through my Mentor Tory Archbold. The thing about Julia is that she comes from a place of compassion and empathy because she has overcome her own financial adversities. She gets women and she gets wealth. Being featured on radio, press, and TV, Julia is revealing the holistic way to manage money in a feminine way which is empowering, authentic and easily realistic.

You speak to women about money and the mindset behind it. How important is mindset when we approach the matter of money?

Money is 80% mindset and only 20% mechanics. In other words, if you don’t believe you’re good at money, you won’t be. Your thoughts become a self-fulfilling prophecy. The actual mechanics of where you direct your money and how you make money from money is the easy part. When you align your beliefs about what’s possible with your goals, that’s when the magic happens! You become truly limitless.

A woman is talking with a microphone at an event with baloons in the background and another woman looking at her.
Julia & Sonia Bestulic at a Flourishing Ladies event which Julia is ​​a co-founder of.

A lot of us have limited beliefs around wealth, I know you have your own story and previous limited beliefs. Can you share with us a little about your history and why you started Love Luck Wealth?

It all started with a divorce I didn’t see coming. At the time I was a financial advisor to the super rich. Even though I was a finance professional, I’d left the money management up to my husband. Now that it was all up to me, I was in trauma and frozen with fear. That’s when I realized that money is emotional. I researched the psychology of money, the energy of money, and the financial rights of women. No wonder we find money an emotional topic… Up until 1974 women couldn’t get a credit card or a loan without a male co-signer even if we were the breadwinner! I came to the conclusion that because of our social conditioning and emotional wiring women do money differently to men. Why was the finance industry not recognizing this? I created LOVE LUCK WEALTH to empower women with money by healing their limiting financial beliefs and mentoring them on how to bring their financial goals to reality.

Can you please list the most common issues that people have around money that stop them from reaching their full potential and what they can do to overcome them.

If your bank account doesn’t look the way you want it to, you have a money block! Money blocks are limiting beliefs that stop you from spotting opportunities to add value to the world and/or stop you from receiving value. These beliefs are learned during your first seven years of life.

For example:

A table explaining money blocks
Love Luck Wealth​​

The good news is these beliefs have been learned. They can therefore be unlearned and replaced with more empowering positive beliefs. The tricky part is, because they are beliefs you believe them to be true i.e., real. Without assistance, you’ll have trouble spotting them. That’s where I come in. The most common money blocks for women are: 

  • Making money is hard
  • I’m not good at money. Wealth is for rich people and I’m not one of them the truth is, there is an unlimited supply of money available in the world. Only 5% of our currency exists in physical form – it’s all digital and it’s not a limited resource! You having more does not mean someone else will have less. Also, having more than you need does not make you a bad person. In fact, you having more money means you have the power to help others and make change in the world!

What is the most common question you get asked by women and what is your answer?

“Why am I no good at money?” My answer is, “Because it’s what you believe!”All you have to do is change your beliefs about what’s possible for you. Knowledge is power and money is easier than you think. It’s your only beliefs that stop you from achieving your financial potential. I mentor women to activate their financial potential in the following steps:

  • 1. Start by becoming aware of your limiting beliefs and clear them.
  • 2. Set up new empowering beliefs.
  • 3. Identify meaningful financial goals.
  • 4. Put a plan in place to reach them.

I love how you combine your knowledge of Feng Shui with your financial expertise. How do these two complement each other?

Everything is energy and everything has a vibration. Your surroundings are a mirror to your inner vibration, thoughts and beliefs. Feng Shui is the art of aligning your surroundings with the energy of abundance to ensure maximum success. A simple tweak in your surroundings can change your life. I love to integrate the principles of Feng Shui into my workshops and courses so that I can help my clients achieve their financial goals faster.

What is your go-to tip for creating abundance in your life with feng shui?

Decluttering! Clutter is an energy block. Whenever you’re feeling stuck, pick an area to declutter. You will instantly feel clearer and open to new opportunities. Ideas will come. Synchronicities will align.

A woman with short blond hair standing an dleaning n a desk in front of a wall with a blue framed painting.
Love Luck Wealth​​

I'm interested to know what your philosophy on saving is. When you have a goal in mind, such as a deposit for a house, do you recommend putting every last penny in to save as quickly as possible or is the occasional indulgent splurge on that tailored jacket you love ok?

Follow your heart and you can’t go wrong! Just like I don’t believe in restrictive diets, I don’t believe in tight budgets. Restrictive budgets amplify feelings of lack. Feelings and emotions play a huge part in the success of your goal so keep them light and positive! If you want to splurge and it’s not in your financial plan, either find a way to make more money (sell something, create a new business offer or ask for a raise) or release an expense that brings you less joy than that jacket. If your goal is aligned with your beliefs, you will always find a way through. Trust that.  

And what about investing? This can be a hard nut to crack when there are so many options. What are your suggestions?

Start. Just get in the market. These days you can start an instantly diversified portfolio with as little as $100. Action creates clarity! If you’re unsure, educate yourself via one of my courses. I guarantee you though, it’s not knowledge that’s holding you back from investing, it’s fear. Women have a tendency to want everything to be perfect before they commit but no one knows what the market will do next. There will never be a perfect time to enter the market. There will never be a perfect time to exit the market. What we do know is that over the last 30 years, the S&P 500 has returned on average about 11% per annum. That’s a lot better than sticking your money in a savings account. Uncertainty is the price you pay for a seat at the table.

Is there a go-to book that you recommend reading that has really helped you?

Yes! I have plenty of recommended books on my website in the resources section and I’m always updating them. 

A group of women posing for the camera at a party
Love Luck Wealth Instagram, the evening we met!​​

What is something that most people don't know about you?

My dad is my inspiration. He’s an avid entrepreneur. As a little girl, while we were at the bank, I saw a picture of a money tree and I totally believed it to be real. Dad used to tell me that money does grow on trees and there’s always plenty available – all you need to do is plant your money tree (i.e., your business).

Take my Julia's Money Block Quiz or sign up for her money course at

You can follow Julie at @loveluckwealth for daily inspiration 

Legal Note: Information provided by Love Luck Wealth is general in nature and does not take into consideration your personal financial situation. It is for educational purposes only and does not constitute financial advice nor financial product advice in any way. Remember, the value of any investment can go down as well as up. Before acting, you should consider seeking independent personal financial advice that is tailored to your needs from an appropriately licensed or authorized financial adviser.