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Clever Girl Finance
Ditch Debt, Save Money and Build Real Wealth
Clever Girl Finance (2019) aims to help women take charge of their financial well-being without feeling judged or pressured. It shows the best ways to manage your finances, get out of debt, save money, and create wealth while staying true to your values and personality.
- Successful women who want to learn how to manage their finances
- Working women who want to reach a state of financial happiness
- Struggling women looking for concrete steps and tools to deal with financial challenges
Bola Sokunbi is a Certified Financial Education Instructor, finance expert, speaker, podcaster, and influencer. She is also the founder and CEO of the popular finance education platform Clever Girl Finance, which provides financial guidance, courses, mentorship, and an online community.
© Bola Sokunbi: Clever Girl Finance copyright 2019, John Wiley & Sons Inc. Used by permission of John Wiley & Sons Inc. and shall not be made available to any unauthorized third parties.
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Clever Girl Finance
Ditch Debt, Save Money and Build Real Wealth
- Read in 15 minutes
- Audio & text available
- Contains 9 key ideas
Synopsis
Clever Girl Finance (2019) aims to help women take charge of their financial well-being without feeling judged or pressured. It shows the best ways to manage your finances, get out of debt, save money, and create wealth while staying true to your values and personality.
Key idea 1 of 9
Your journey to financial success begins with the motivation to make the changes you need.
If you’ve ever tried to lose weight and get in shape, you’ll know there are no instant solutions. As with any other big new life stage, you’ll need to be ready for changes to achieve your financial goals. You must allow yourself to dream, and be confident that your dreams can become reality.
The key to taking control of your finances is to make peace with the biggest mental obstacle – the money mistakes that you’ve made in the past. Fixating on these is what needlessly stops many of us from going forward.
Everyone makes mistakes and wastes money, but you can move on from this instead of getting stuck. The first step is to acknowledge them and forgive yourself. To do this, you can write your feelings down or even scream out loud if you need to. Getting your pent-up emotions out there is often therapeutic and will help you let go.
It’s a question of inner determination to succeed. Once you realize that the past is in the past, you’ll no longer need to judge or blame yourself for what has already happened, and can focus on the future. Just like with committing to exercise, you can buy all the fancy gear in the world, but if your heart isn’t in it, it won’t help you build up those muscles.
The next step is to learn the lessons from your mistakes and start changing your approach to money.
To identify those lessons, a good strategy is to pick up that pen and paper again and do some serious reflection. Note down all the wrong turns you’ve taken with money in your past, no matter how big or small. And then write about what you can learn from this and how you can do better in the future.
This will be your recipe for action. For example, if in the past you had a tendency to spend more than necessary on designer handbags and never got around to saving, you can decide to save $5 a week right now. Even if it’s a tiny amount, it’s the consistency of the action that will set you on the right track and help you believe that a different financial future is possible.
Key ideas in this title
- Your journey to financial success begins with the motivation to make the changes you need.
- Before you start taking action, make life easier by organizing your finances.
- Budgeting is key to making the most of the money you have and can be done in a style that fits you.
- Debt can feel overwhelming, but with new priorities and the right strategy, you can get on top of it.
- To build your wealth and put your money to work, start investing in the stock market.
- Credit can be a good thing as long as you know how to use it to your advantage.
- Protecting yourself from unexpected setbacks is essential for financial health.
- You can make more money by learning to use unexplored opportunities in your work and personal life.
- Final summary
