financially savvy
At the WizardWomen launch last week Lisa Dudson of Acumen and moneytv gave a brief talk about financial education, something she is particularly passionate about.
Lisa shared some practical tips, keeping in mind that money is one of life’s biggest stressors and a major source of contention in our relationships and in business.
Firstly, we need to develop a wealthy mindset – we are what we believe and if we’re ‘scared’ about sorting out our money issues then we’re on the back foot straight away.
Next, we need to address the basics. Lisa has first hand experience through her many clients that getting wealthy is not about how much you earn, it’s what you do with your money. It’s about directing your money rather than wondering where it all went. This is about tracking your expenditure and asking yourself if that purchase was a wise one? (For example spending $100 a week on lunches and lattes rather than saving that $5,200 over a year for a trip or for a mortgage deposit). Included in the basics is budgeting, evaluating your insurances and your estate planning.
Lastly, comes action. As Lisa says, “All knowledge is hopeless unless you do it.” Get rid of your excuses (I’m too old, I’ll win lotto, I’m waiting for a rich man) and create some good habits (you’ll be surprised at the effect of compounding interest).
:::: Great advice for all of us who desire an abundant life!
Leave a Reply
I’m passionate about social media – I founded the online community entrepreneurette in 2006 and flokka, the blog network in 2008, after a decade and a half in magazine publishing. A typical ‘maven’ I love to share what I’m learning, researching and implementing - as well as what’s working for my clients, my students and my network members, in the worlds of social media and business in general. I’m Fiona Powell and this is my blog. 
