Get yourself a trusted banker, financial advisor or CPA (preferably all three!) and watch what a difference it makes in your financial life.One of the hardest things for me to do as a Christian is to let go of my need to be in control.
#Financial break through professional#
Your financial success squad is comprised of two groups of people: those who have already achieved what you want to achieve, such as mentors and colleagues who are at your professional level and above and individuals with the professional expertise to help you reach your financial goals. But don’t forget to cultivate your “financial success squad” too. As a woman, it’s definitely important to have your girl squad. Not to mention that self-publishing led to me meeting my wonderful husband, Earl, a book publishing consultant!īesides Earl, I’m blessed to have my mom, sisters and two close girlfriends I know that I can call upon for literally anything. That first book also laid the groundwork for me to self-publish my following book, Zero Debt, which became a bestseller and put me on a path toward entrepreneurship. That crucial decision has paid off enormously - financially, professionally and personally.įor starters, I reaped 100 percent of the economic benefits of writing and selling my book, without turning over any profits to a publisher. Why? I had decided to self-publish and start my own company. When I wrote my very first money-management book, Investing Success, I turned down a pretty nice book deal from a major publisher. Those requests were met with pay raises, bonuses, stock options and more.
When I was in corporate America, I routinely asked my bosses for more money based on my on-the-job performance. Whatever the case, if your paycheck doesn’t reflect your skill set and your abilities, it’s time to demonstrate your worth and then speak up to request the earnings you deserve.
It may be on a job where you’re currently being underpaid, or with clients if you’re an entrepreneur or you have a side-hustle. Besides, no one is ever going to care more about your money than you do.įor many of us, the financial breakthrough we want or need is just waiting for us to ask for it. So don’t let others have so much power that you get stuck and are unable to fix whatever ails you. But even though I empathize – having been through a downsizing and a previous divorce as well – I ask them: What did you do – or fail to do – that contributed to your current financial standing?Īt the end of the day, as adults, each one of us is personally responsible for our own finances. We all know that bad things can happen to good people. Perhaps a partner “sabotaged” their finances, or a boss “wrongly fired” them. When I coach clients, I often hear them blaming others for their fiscal standing. Three years later, I was completely debt free.Ģ. It was also the crucial first step in making a plan to pay off all those bills. Seeing my bills itemized stopped me from just guessing how much total debt I had.
I started by writing down exactly what I owed. In 2001, I finally resolved to do something about my debt. As a result of excessive spending, I’d racked up a whopping $100,000 in credit card bills! Whether it’s your current monthly spending or long-term financial goals, writing things down makes them more concrete, brings clarity to your financial picture, and can catapult you into action.įor example, many years ago, I was making good money, but I was also consistently spending more than I earned - on travel, eating out, gadgets, stuff for the kids, you name it. Here are five essential things you must do to achieve a financial breakthrough. You just need to know the right steps to take. I know from first-hand experience what those feelings are like.įortunately, I’ve also learned that it’s always possible to take your finances to the next level. Others are concerned that they could or should be doing more, such as saving more money, investing more aggressively, or better planning for their own or their family’s future. Some are fretting over their career standing or the size of their paychecks. This article is part of Chase’s 2018 #SavingIt movement, where we are encouraging people to save money to help them reach their goals.Īs a Money Coach, I often help people who feel that they’re not as far along financially as they should be.
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