1. Budgeting
2. Saving
3. Pay down (off) debt
4. Earn More
5. Invest
As a financial coach, I believe there are five steps(skills) that every person needs to build wealth. When you understand these five skills you’ll be able to leverage them on your journey to creating a life of financial freedom.
This client portal has exercises, philosophies, and mindset tools you can use when you have questions, need a reset, or you’re wondering what’s next in your financial journey.
This portal is here for you to use as questions, fears, and shifts occur.
The goal is for you to shift from feeling like you passively manage your finances to becoming someone who feels confident and curious about their finances.
Paying your future self is a cornerstone for building wealth. Investing can simply start with you creating a plan to invest in your retirement plan at work. If you contribute to your employer sponsored retirement plan you’re investing and creating a bucket of money to retire in the future. As an investor, the most important number you should know is your retirement number so you know how much money you’ll need to retire.
Budgeting is not a consequence. So often people believe that budgets are only for when you’re trying to make ends meet. But budgeting is truly so much more than a restrictive tool. Your budget is your tool to build wealth because your budget will be a list of your decisions. Your budget will help you tell your money where to go each month so you’re able to do more with the money you make.
Saving money is a skill and once you learn how to save money on purpose you’ll increase your financial confidence. I teach my clients to prioritize saving money over paying off debt. Having money saved will help you stay out of debt as you pay down debt and saving money will help you stay debt free after you pay off your debt. Saving money is truly the secret weapon to becoming debt free.
Once you have a budget and a plan to save money you should focus on paying down your debt. By prioritizing budgeting and saving while you pay down debt you’ll be able to pay your debt in a sustainable way. Sustainable debt pay off will help your debt steadily decrease and you won’t fear going back into debt because your financial plan (budget) will support your spending habits.
You have a limitless earning potential and you should always be in a position to earn more. I want you to know how much you want to earn and how increasing your earning potential will help you accelerate your financial goals.