The new year is almost here, and the entire SistersNetwork team is excited for all the things about to happen. We are also excited for our upcoming masterclass/conference in January & February 2018. More details coming soon. One of the main topic at our upcoming masterclass is financial stability, saving & investment.
We have however decided to roll out some saving & financial tips for 2018.
- ASSESSMENT: Setting financial goals is crucial, but before you can set any goals, you need to know where you currently are. Look through your savings, debts, and investments. Assessing your financial status may feel stressful, but gaining this knowledge will allow you to set realistic goals for the year.
- PAY OFF YOUR DEBT: Debt is a significant burden and can prevent you from achieving your financial dreams. So before you start saving and investing, make sure you are starting on a clean slate and all debts are paid. Commit to paying off debts now, and you’ll be able to keep the money that you invest in the future
- ALWAYS COLLECT YOUR CHANGE: As silly as it sound, all the little change you keep leaving behind at the grocery store or mall, can accumulate to a lot of money at the end of the day. Leading woman collect your change and throw the money in a large container when you get home (empty water jugs are perfect). Think of it as a piggy bank for adults. If you adhere to this policy and don’t spend any of the change, you are likely to save several thousand over the course of a year. Use the money to pay down debt, buy stocks or go on vacation.
- GET A FINANCE ADVISER: You can not do it all by yourself leading woman, as we go into the new year, get yourself a financial expert. A finance expert will help answer all your investment and savings questions, and will also be in the position to give you the best advise on how to invest with minimal risk. if you are a member of the network, you have access to a financial adviser for free.
- READ A BOOK ON FINANCE: If you want to learn to cook, you read cookbooks and spend hours a week in the kitchen. If you want to learn to fix an engine, you ask someone to show you. The printed word is amazing in that it allows you to communicate directly with the most brilliant financial minds of the past century. By picking up a copy of The Intelligent Investor, One Up on Wall Street, or Common Stocks and Uncommon Profits, you can be taught how to value investments, set up your portfolio, and spot the characteristics of a classic growth stock directly from the men who did it most successfully. Gift yourself this holiday season with a book on finance, savings & investment.