Tips For Starting Over Financially | Clever Girl Finance
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- čas přidán 27. 07. 2024
- Have you found yourself in a place where you need to get on the path to financial recovery? Learn the key tips for starting over financially PLUS get the links to the articles I mention and much more below:
TIPS FOR STARTING OVER FINANCIALLY
1. Set your money mindset and intentions: You can recover & you can succeed
2. Create a financial plan: Make a list of goals. Your financial goals should be specific, measurable & have a timeline associated
3. Create a strategic plan to pay off debt: Your plan should focus on getting ahead of interest that is compounding
4. Start putting money aside for emergencies: Start with $1,000 to $1,500 which can cover the most basic emergencies
5. Create a budget: Having a budget is you telling your money what to do
6. Focus on living below your means: This means being intentional about spending less than you earn. Become a savvy shopper, finding ways to save, finding items on sale, etc Reflect on your previous spending. There's no shame in living frugally. It's not about being cheap it's about being intentional
7. Find ways to increase your income & create multiple streams of income: There's only so much you can cut in your budget
8. Start investing: Investing is how you grow your money. You can invest in the stock market, in real estate, in business, etc
ARTICLE MENTIONED:
How the snowball method works: www.clevergirlfinance.com/blo...
OTHER VIDEOS TO CHECK OUT:
- 10 Key money moves for the new year: • 10 KEY Money Moves For...
- 10 Things I no longer buy: • 10 Things I NO LONGER ...
- How to save $10k in one year: • How to Save $10k in On...
- Who says you need a six-figure salary to build wealth? : • Who Says You Need a Si...
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If you need to start over financially, I'm sharing some key tip to help you. No shame, no judgment. Dust yourself off, you can recover and you can thrive! Be sure to leave a comment below to share your plans!
Being able to mentally hit the rest button is a huge skill to have in and of itself. ❤️❤️❤️
Thanks to 2020, I officially learned what it means to experience a Life Event. Thanks to Audible, I discovered you and thanks to big life changes, I discovered investing without debilitating fear. I started in late March and now I'm deep diving into Budgeting. Thanks ma'am for sharing your knowledge with us. I felt so inspired that I started to document my journey in CZcams. Hopefully I can impact my family and friends to build towards generational wealth as you've impacted me. You're the best! Thanks!
You are doing amazing! Thanks for tuning in!
So Bola the beginning of 2020 I seen you on GMA and you talked about the new year and starting off right. So I looked you up and a year later here I am. In Oct of 2020 I became debt free. So now I can invest my money. Thank you so much 2021 is going to be an even better year for me and my family to start of generational wealth. Removing all generational curses and turning them into generational wealth. We all can start over I'm a living testimony God gets all the glory. In Jesus Christ name Amen . 🙌🏽🙏🏽
So glad CGF content has been impactful to you! Thank you so much for being here and AMEN!
@Emsnailcorner, Ty, your comment is an inspiration and an Amazing Testimony. This is an older post but I'm new to this journey after having beat myself up for being dumb w/money and past mistakes. Can't begin to tell you how reading this soo Blessed me. Keep up the Awesome work & Stay Blessed.🙏🏽🙂👍🏽💖
This video is very inspiring. I learned to live within or below my means. There is a difference between a fake rich and wealthy.
A huge difference! Thanks for being here!
I know the show is called clever girl finance but as a guy who’s struggled with money I needed to her this
You are more than welcome here!
The new year really is a great time to start over and these are great tips! Budgets are so important, understanding compound interest, and living below your means is SO key! Amazing video 🔥
Bola, in 2020 I discovered you and was inspired to finally start actively saving and investing. I am in a high cost of living city and want to buy a home and sometimes it feels impossible. I plan to keep saving but often feel discouraged. When I feel that way, I look at the CGF feed and your CZcams videos and feel inspired.
The new year is a great time to really kick start debt free journey and building a better financial status- happy new year!
Yes absolutely! Thanks for tuning in!
Thanks I really learned last year to saving with your team. This year I have to learn something more about. I discovered how to budget. I listening often your podcast and I would like to saving more money this year. I read your budget advice 50-30-20 didn't know how to do it.
Thank you for sharing. Great info.
I am so glad you found me, I don’t know how but anyway..I am now a subscriber, I completed my 1st course through your site & forward to more & I got my certificate from your course that boost my morale very much Thank You for being a blessing.
Thank you, I really need this video.
You are inspiring...
These are great and measurable goals to focus on in the new year. I personally will focus spending mindfully and living below my needs, contributing more towards my emergency fund, investing more, and asking for a raise at work. It’s important to keep in mind what Bola says at the end: life happens so we cannot get discouraged if things to go as planned; we must continue with our goals.
Great ideas to assist
🙋🏾♀️🤾🏾♀️🏌🏾♀️
Thanx Clever Money Gal.💲 This is really Good stuff.👍🏽 I thrive on structure and your financial savvy, wisdom, and advice are delivered in a way that gives me the know-how and Hope to make positive change/progress. An amazing Gift/Niche you got going. 💚🙂
You are so welcome! We appreciate you!