In my book, Financial Freedom Party for Women ®, A Little Book about Money for Women, I teach the basics of financial management. Most of us never learn basic concepts and then become frustrated when we aren’t reaching our goals, assuming we even set goals.
Life has become more complicated with each consumer expected to be an expert on all things financial. In talking to women over the years, a common concern is about wanting to change and do better, but not knowing where to start. Haven’t we all had (or still have) that conversation with ourselves?
It isn’t magic to create a new lifestyle, but it does take some introspection and then action. A good place to start is with what I call 3 Ways to Improve Your Financial Life. They are things we think about, but often haven’t written them down and then figured out which ones will benefit us the best. So, you can start in the beginning by thinking about any or all which apply to you.
Do Better with What You Have
Simply write these titles on a piece of paper and make notes over the next couple of weeks about how you can focus on the one which will have the most impact on your life. Start small, but start. Talk it over with your spouse, partner, friends or anyone else you feel can give you positive feedback or be a support system.
Until next time.
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What do you really want?
As a financial advisor, this is a question I spent a lot of time asking my financial services clients. The answer to this question is really where all things start in our personal, professional, spiritual, and financial lives. However, in our sound bite world most people seem to skip the first part of the process and jump over to making decisions and taking action, not always based on a foundation of understanding first “what I really want”.
What Do You Really Want is also the title of a book which is targeted to teens and written by Beverly K. Bachel. I didn’t know anything about this wonderful book until it was shared with me by one of a woman who works on a volunteer project we lead. Our activities involve some wonderfully talented young women who may not have always had the opportunities we had. So, the volunteers simply spend some time with the students and teach life skills. For the high school students who are seniors, Ms. Bachel’s books seems perfect. It formalizes the topics we have discussed over the last three years and gives them an easy way to roadmap their lives…based on their hopes, dreams, and goals. It encourages them to focus on what they want, not necessarily what their friends, families, or boyfriends want for them.
As I started planning how to compress all this wonderful information to make it meaningful in a lunchtime setting, I was struck by how valuable it is for not only teens, but for all of us. Parts of it mirror conversations and processes which are in my Financial Freedom Party for Women, A Little Book about Money for Women.
I encourage you to check out Ms. Bachel’s book ( mine too!) and consider sharing it/them with the young people in your life. Not only will they learn things and have a process to record them, you will probably learn a lot about yourself as you lead them through the book (s).
Until Next Time