Stay in charge of your Financial health!

Your financial health is an overall representation of your relationship with money.

How does one develop healthy wealth habits? First; you have to appreciate the value of money by practicing sound financial principles and get financial education. Remember this highly recommended quote "Knowledge is Power" I believe knowledge becomes power when you know how to leverage it.

As we embark in the new year, be sure to take time to rest, reflect and plan ahead.

Taking charge of your finances requires you to take care of your health as well.

Financial planning is a key component to financial success.

In this blog post I want you to learn about organizing your finances and look into ways to set SMART financial goals for the year ahead.

The first step towards achieving financial health is to become intentional about creating wealthy habits. A great desire for wealth brings wealth, whatever wealth is to you.

Let's look at the first step towards becoming financially healthy; It starts with becoming financially educated. When you become money conscious you are aware of your finances. You begin to be aware of how money affects your life and the implications of how you spend, save or use your money.

Tracking your money is the key to having control over your finances. If you don’t know how much you make, how much you spend and how much debt you owe or how much you have left over at each month, How will you get ahead financially?

Becoming money conscious is an important key to your financial success. You will improve your state of being and also your bank accounts.

Money legacy's are passed down to each generation based on one's belief about money and it's significance.

Here is a list of #moneymoves to make to ensure that you are being intentional about changing your circumstances and your money story in 2021.

Begin your journey by taking into account the income you desire, create a budget to highlight how you will direct this income and work on depleting the high interest debt; they are usually the silent killer. You will end up repaying twice or even three times the amount you borrow if you only think of paying the minimum on your revolving accounts. (Credit Cards) Having money in savings with high APRs on credit cards is ridiculous, are really saving? You are paying that back money saved over time in interest. After paying down your debt look towards putting some money in your rainy day fund, because it will rain one day and you need to be prepared. Start by placing a goal for your rainy day fund amount you can start at $500 or $1000 whatever your goal is, you should be realistic about it. Finally check on your credit profile, I don’t think people do this enough. I check mine once per week if not twice. Check for incomplete information, accounts you probably don’t have, old and inaccurate information and if it’s not in good standing work on fixing it. Your credit profile is a representation of your financial health. It tells potential creditor if you are worthy to get their money and if you are not then my you will pay for their money three times more than a person with good credit.

If you have no insurance plan or nest egg for your family it is time to start planning for one.

Work on a plan to save 3-6 months of income in the event you lose your job or decide to try a venture on your own, starting a business venture usually takes a few months before you see potential income.

I know some people have their unique struggles and find it hard to see beyond the circumstances but it starts by taking a stand and being open about your bad financial situation. You didn't plan to feel financially handicapped or inadequate I know, life happens doesn't it, it happens to us all. However you have the courage and ability to change your history and be financially worthy.

Financial planning is not for the rich it's for everyone who want's to have money, and build wealth for the future.

A new year requires a new you and I am here to inspire you to change your money beliefs and help you accomplish your money goals.

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