From Poverty to Prosperity: Practical Investment Strategies
Welcome to the fourth episode in the series on money!! On today’s show, we talk about the essential strategies for growing your wealth, featuring insights from returning guest, Audrey Faust.
Audrey, a seasoned veteran with 25 years in the financial sector, is here to share her expertise in overcoming money blocks and investment fears so you can grow your wealth.
Her new book, "She Grows Rich: How to Become a Financial Powerhouse," provides a clear roadmap to financial independence, breaking down intimidating financial concepts into actionable insights.
Audrey reveals the importance of developing a money blueprint rather than a budget and the psychological aspects of confidence around money, particularly for women. With a unique blend of her personal journey and professional insights, Audrey equips listeners with the practical tools needed to navigate and excel in the financial world.
Whether you're an entrepreneur or an individual looking to enhance your financial savvy, this episode is packed with valuable tactics and transformative tips to help you embrace an abundant life.
Time Stamps:
07:20 Financial Literacy and Independence
10:40 Investing Habit Transforms Life
17:34 Overcoming Financial Fear in Business
27:16 Investing Mindset and Risk Tolerance
32:24 Fear of Asking for More
38:47 Questioning Value in High Pricing
42:29 Marriage, Finances, and Societal Norms
51:09 Overcoming Money Limiting Beliefs
Key Takeaways
- Invest Like It's an Electric Bill: Consistency is crucial. Set aside a specific amount every month for investment, treating it as a non-negotiable expense. Even starting small, like $50 a month, can have compounding effects over time.
- Confidence Overcomes Fear: Many women feel intimidated by finances, but gaining a better understanding of your financial numbers can significantly boost your confidence. This empowerment allows for more informed decision-making in your business and personal life.
- Blueprint, Not Budget: Create a flexible financial blueprint rather than a strict budget. This approach allows you to prioritize saving and investing while managing expenses effectively without the restrictive nature of traditional budgeting.
Tune in and get ready to elevate your financial game with Audrey Faust on "Shift Or Get Off the Pot."
Connect with Audrey: https://www.audreyfaustconsulting.com/
Follow Audrey on Social: IG @ BusinessFinancialLiteracy
Grab the book: She Grows Rich: How to Become a Financial Powerhourse
Other Links Mentioned:
QUIZ: Are You Blocking Your Success
Visit the Shift or Get Off the Pot Website: ShiftOrGetOffThePotPodcast.com
Keep in Contact! Visit Kim's Website: KimKelleyThompson.com | Email Kim: Kim@KimKelleyThompson.com
Follow Kim Thompson on Social Media: Instagram (@KimKelleyThompson) | Facebook
_____
Production House: Flint Stone Media
Copyright of Kim Kelley Thompson 2024.
Listen On
