7 Money habits KEEPING YOU POOR: Therapist explains how black women can create financial freedom
This video shares the 7 money habits keeping you poor and what to do instead. It’s time to change your way to financial freedom and become the wealthy woman that you are.
The 7 Money Habits Keeping You Poor:
#1 —Not Knowing Your Numbers: You need to go from not knowing your numbers to facing your financial situation.
“Understanding your financial past, present, future, and preferred numbers is the information that empowers you to steer the ship of your financial journey in the direction that you want.”
#2 —Waiting to Invest: Waiting for the perfect moment to invest or saving out of fear can keep you stagnant.
“Investing is intimidating. Investing in personal and professional development as well as financially is just as important and significant. Figure out how to invest by learning how to invest.”
#3 —Spending More Than You Make: Spending more than you make may be killing your dreams of Financial Freedom.
“You want to understand how your mental emotional state is affecting and influencing what you do with your money so that you can get back in the driver’s seat of your financial journey.”
#4 —Doing it All Alone: Growing up having to be independent creates the ‘I will do everything by myself’ mindset that is now holding you back.
“Trade the old habit of doing everything by yourself for a new habit of finding the right support for the areas that you want to grow in. Those who have accountability with a regular meeting on the calendar to meet a goal are over 95% higher rate of success.”
#5 —Poverty Money Mindset: Having a poverty mindset can truly limit your potential.
“Switch from a Poverty money mindset to a Prosperity money mindset. How can you begin to grow and develop in this relationship with money?”
#6 —Paying Yourself First: Paying everyone else first and paying yourself last is one the biggest disservice you can do to yourself.
“Shifting from paying yourself last to paying yourself first will truly help you to reduce your anxiety and stress around money and begin to build a fund that helps you to weather the storm of life.”
#7 —Procrastination: Success loves speed, don’t wait to miss your chance.
“Taking action on the things that are going to help you secure your financial freedom is key.”
Consider Jacque’s story: “She went from over $200,000 of student loans to $0, paid off over $44,000 of IRS debt, went $1,000 to 5 months’ worth of emergencies saved, got her credit score to over 800 fully funding her 403b, got her will and estate plan established, and relocated from the states to Panama with her toddler… all in the last year!”
Comment “Resource” in the comments section below to get access to the resource sheet Jacque’s used to achieve her financial freedom.