Debt can be a necessary tool that allows us to accomplish major dreams like getting a college education, starting a business, funding our first car, or purchasing a home. However, some consumer debts, like credit cards and personal loans, are sometimes the result of poor financial discipline and planning.
If you’re struggling with lingering debt and want to know how to get out of debt quickly so you can move on to bigger and better things, we've got you covered!
As a small business owner, you are (by no official definition) a unicorn! Your business origin story is unique, your leadership style is unlike others, and you solve problems and handle challenges in your own way.
So while we don’t want to discredit your uniqueness, we do want to point your attention to a common small business life cycle that most entrepreneurs experience. Knowing these stages can help you prepare for upcoming challenges, face current struggles, and be equipped with knowledge and skills for the future.
Read MoreAs a nation, we are very generous with one of our most precious resources: money. In 2020 alone, Americans gave $471 billion to charities. And with over 1.54 million charitable organizations (in our country alone) to choose from, it’s not hard to find a worthy cause.
Many small businesses also encourage their employees to give their time and talents by volunteering locally. Small businesses often give more than their big business counterparts— 75% of small business owners give approximately 6% of their profits to charities every year.
Most people don’t love the dreaded “B” word. The term budget can conjure feelings of restriction and thoughts of cash envelopes and eating ramen and beans.
Others may think it’s completely unnecessary because they make decent money and don’t struggle with debt. Or maybe others have been previously shamed for being unable to stick to a budget.
The truth is, everyone can benefit from a budget because it’s really just a plan for how you’re going to spend your money. You most likely have career plans, dinner plans, and vacation plans. Why not a plan for how you spend one of your most valuable resources?
Read MoreThere are many differences between men and women, particularly when it comes to physical, behavioral, and emotional characteristics.
Men are typically taller, stronger, and have more muscle mass than women, while women are typically more nurturing and empathetic. Men tend to categorize the world by tasks and keep their emotions under wrap, while women tend to categorize life by relationships and openly share their feelings.
Each gender has its own strengths and weaknesses. It’s important to understand how these differences can lead men and women to approach certain topics, like personal finance, in unique ways. As women, this allows us to capitalize on our strengths and natural skills.
Personal finance for women is one of our favorite topics to talk about, so let’s dive into some areas where women approach money differently and three financial obstacles they must overcome!
Read MoreA common misconception is that if only we earned more money, we would have a comfortable lifestyle, financial security, and the ability to afford all the luxuries we could possibly imagine. We would be happy and healthy and certainly not be living paycheck to paycheck.
According to the paycheck-to-paycheck report from September 2022, approximately 45% of Americans earning over $100,000 say they live paycheck to paycheck. While approximately 47% of those making between $150,000 and $200,000 and 28% of those earning over $200,000 also report living paycheck to paycheck.
It would seem that getting ahead financially is not simply a numbers game…. “earn more money and everything will be okay.”
Read MoreWhen it comes to intimate relationships, money is often considered a topic to be avoided at all costs. We always think we should stay away from the subject for fear that it might put others off. Why bring up something that could make someone uncomfortable? Why bring up something so serious?
One of the top-cited reasons for divorce and breakups is financial differences or arguments about money.
Read MoreThe first step in building personal wealth is to understand our beliefs and values surrounding money. We can know all the best tips and tricks to implement, but if we don’t first believe we can build wealth, we won’t succeed. This positive mindset allows us to take on the challenge of wealth-building and surpass our wildest financial dreams.
We also need to understand that money is a tool. Money should never be a goal in and of itself, but rather a means to accomplish our ultimate dreams.
With all this being said, you’ll want to look out for these common stumbling blocks that can get in the way of personal wealth building. We want to dive into five financial mistakes that we often see so you can be on your way to building the life you always dreamed.
Read MoreWhat do you want to be different in the new year? Or, as it should be asked, “What habits do you want to change?”
Do you see what I did there? I think without me even explaining the reason I altered the question, your intuition probably knows why.
Approximately 80% of New Year’s resolutions fail… by February!
Do you ever wonder why New Year’s resolutions fail? Why is it so hard to make a change you know is good? Part of understanding why resolutions fail is learning a little bit about habits.
Read MoreIt’s been a tough couple of years. Maybe you’re still facing long-term financial consequences from the pandemic. Maybe you relocated and are still figuring out your new city. Maybe your finances have you up at night because your investment portfolio is looking scarce these days.
Whatever you experienced this year or are currently facing, I hope you’re able to spend some time this season reflecting on the good. It can be hard to find the good - both personally and on a national level. But I promise you - there’s still some good out there.
Having a budget as we head into the festive (and expensive) holiday season will allow you to enjoy exciting activities, delicious meals, and gift-giving. You’ll also spend less time scrambling and stressing over finances when you have a spending plan in place.
Read MoreIf you follow me on social media, you know that I am an avid reader. I soak up all the information I can so that I can continue to grow and understand more for myself and my clients.
I thought it would be fun to compile and share the best financial books to read, both for personal and business growth.
Read MoreKids are notorious for misunderstanding money. To them money is always available and everything they see around them is fair game for mommy to buy! There is a good reason for this.
The mind of a child in the earliest years is primarily formed through the process of observation. Everything they see and hear helps them to form their understanding of the world. Take a second to think about what this means to most children…
Read MoreWhen you want to reach a specific goal in other areas of life—like running a marathon or starting a business—it’s common to consult a coach. A coach can help you take a huge goal and break it down into doable steps, all while cheering you on and celebrating your progress.
A financial coach can do the same for those financial goals you’ve been struggling with. Sometimes all it takes is getting some help to show you how successful you can be. If you’re ready to see success in your financial life, working with a financial coach might be the perfect first step.
Read on to see if a financial coach might be what you need to skyrocket your success and reach your goals sooner.
Read MoreWhen you think about rich people, ultra-wealthy business tycoons like Bezos, Musk, and Buffet probably come to mind. But you don’t have to be a multi-billionaire or even a multi-millionaire to be wealthy. “Average” people all around us are wealthy—you may just not realize it because they don’t live flashy lifestyles.
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