Life is a balancing act and we as women wear multiple hats, we are pulled in multiple directions and ultimately somethings take the back seat. Unfortunately, that can sometimes be how you are handling your money and wealth. Let’s be real, we were not all taught the skills we need regarding our money. But it’s ok to hit the start over button.
Today on the Thrive For[e]ward podcast we are going to talk about how to be fierce with your money, or as I like to say “your wealth.”
Here are the four ways you can become more in touch with your finances and on the road to be that Sasha Fierce (or whomever your power icon is.)
-
Develop a healthy mindset with money / wealth
Take five minutes a day to consume some sort of content related to wealth. You are completely capable of learning all these things and your mind is your largest muscle!
-
Earning money vs preserving it
Cash isn’t king. Start saving now and then investing. Making it automatic and regular.
-
Invest in yourself
Understand you are a temple, think about what makes you feel good and how are you spending money in a healthy way.
-
Diversify and rebalance
Look at where you are putting your money and rebalance accordingly when needed.
As we conclude the episode here are some actionable items to work on as you become more fierce…
-
Date your money
I say this often, what does it mean? It means spending time with your money, understanding what you own vs what you owe. Check out www.cnbc.com/select/best-subscription-trackers/
-
Write your wealth vision statement
This means asking yourself … What are your financial goals? Why do you want to achieve them? Who do you want to impact with achieving these goals? What impact do you want to make
-
Develop your personal board of directors
Your board would include … a financial advisor, accountant, attorney, therapist, coach, personal trainer and more!
Resources:
If you are interested in learning more about Forethought Planning and how we can help you on your journey, please schedule an appointment to our complimentary 30 min Wealth Assessment session to learn more about how we incorporate these strategies and others to assist you through the financial planning process.
Investments in real estate may be subject to a higher degree of market risk because of concentration in a specific industry, sector or geographical sector. Other risks can include, but are not limited to, declines in the value of real estate, potential illiquidity, risks related to general and economic conditions, stage of development, and defaults by borrower.
Securities offered through LPL Financial, a member of FINRA/SIPC. Advisory services offered through Advisors’ Pride, a SEC registered investment advisor. LPL Financial, Advisors’ Pride, Forethought Planning and the guests of Thrive For[e]ward podcast are separate and unaffiliated parties. Any of the parties listed above are not affiliated with Forethought Planning, Advisor’s Pride, or LPL Financial. The views expressed here are those of the participants, and not those of Forethought Planning, Advisor’s Pride, or LPL financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. LPL Financial and Forethought Planning do not offer legal services. Socially Responsible Investing (SRI) / Environmental Social Governance (ESG) investing has certain risks based on the fact that the criteria excludes securities of certain issuers for non-financial reasons and, therefore, investors may forgo some market opportunities and the universe of investments available will be smaller.
