ACHIEVE FINANCIAL FREEDOM

BUSINESS & LEADERSHIP

By Ely Rosario, MBA

An alarming 80% of women do not discuss money with family and friends. Some see talking about money as too personal. Others are not ready to discuss financial matters with those close to them while the rest were simply not raised to discuss it at all. an analogy they could later understand was, “Is it worth it if you have to work X number of hours for it”? Make them work! 3. Oftentimes people buy “stuff” to reward themselves, celebrate, or simply because they are bored. Reward yourself with assets and wealth. Buy stocks not stuff!

We are about to change this!

Here are 5 things you can do to change your financial mindset.

1. Surround yourself with people who are willing to talk about money, their successes, and elaborate on their failures. Learn from their mistakes!

2. Teach children and remind yourself of the value of money. My kids were 4 when I began explaining bills, savings, and investing. Because they were familiar with the concept of the hourly wage, 4. top wasting money. Remember, it’s not how much you make, but how much you save. Starbuck trips, convenience fees, lunches, dinners, all add up to a lot of money!

5. Define your goals and create a plan to achieve them. What do you want? Buy a house, pay off credit card debt, save money, travel, save for retirement. Once you know what you want, create a budget to make it happen. No excuses! No exceptions! Simply stick to the plan and do the work!

Let’s be clear. Money is not about how much stuff you can buy, but rather how much freedom you can have.