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!
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.
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