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Financial Freedom Starts Here

Part 2 of 3

Read part one here – ‘Why Is Finance So Important?’.

Learning about finance is the first step to pursuing financial freedom.

Your Perception of Finance

I know…You are thinking finance is so boring. I’ve never cared about finance. What difference will it make in my life? Right?

Especially if math is a subject you have vowed to avoid for the rest of your life, I know that your thoughts tend to go straight to associating finance with numbers, accounting, and balancing spreadsheets. Am I right?

The purpose of this blog series is to introduce you and explain piece by piece why finance is so important, and answer why learning about finance is the vital first step in pursuing financial freedom.

Recap

In the first blog of this series, I explained what finance is and how it is connected to being able to support ourselves in our daily lives.

Time to Shift Your Perspective About Finance

Finance is a culmination of many financial concepts and skills like budgeting. (Yes, budgeting is a skill.)

For example, most of us over the holidays indulged in eating pie. I don’t know about you, but I love a good pumpkin pie. During the Thanksgiving and beginning of the Christmas season is the only time you’ll find Costco’s pumpkin pie. People, it is huge. (Just look at the picture below) I could never ever finish a pie like that by myself. Could you?

Taken by: Kathleen Collins – Costco Pumpkin Pie Facts

Picture finance as a big Costco size pumpkin pie.

Most of time when anyone says, ‘You need to learn about finance.’ It’s overwhelming and by association impossible, like the thought of eating this whole pie by yourself.

What if you could digest finance a piece at a time?

Let’s refresh our memory and look at the definition of finance.

Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting.

Corporate Finance Institute

According to the definition, learning about finance includes:

  1. budgeting
  2. saving
  3. investing
  4. forecasting
  5. borrowing
  6. lending

The thought of learning about finance as a whole may be overwhelming.

When you shift your perspective of finance and recognize that finance is made up of many pieces, subjects you can learn one at a time, it becomes more of a doable goal or task.

If you need more convincing…

Answer these questions:

  1. Can you learn about budgeting?
    1. How to budget?
  2. Do you know what saving money is? Can you learn more about saving money? (Most people know what saving money looks like. It’s the follow through that slows our ability to lead financially independent lives.)
  3. Can you learn how to invest your money?
  4. Financial forecasting is a financial plan that estimates your projected income and projected expenses. When you learn how to budget, you’ve also conquered forecasting. Woohoo!
  5. Can you learn about applying for a student, car, or a home loan?
  6. Can you learn about lending money?

I hope you responded, “Yes, I can.” to every one of these questions.

Learning About Finance Is The First Step To Financial Freedom

Knowledge itself is power.

Sir Francis Bacon

As you realize that you can learn about each piece of finance at a gradual pace, I hope you feel more confidence and positivity to start this journey.

Warning ⚠️

Beware of misconceptions and beliefs that you have heard over the years and chosen to believe.

Whether you are just starting to learn about all the pieces of finance for the first time, or you have recognized that you need a do-over, there are two key things to remember:

  1. Use reliable resources to learn about finance.
    1. Who is a trustworthy resource for truthful finance information. – I’m talking about someone renown in the field of finance like Dave Ramsey. Just an example.
    2. You can always book a consultation with me. I possess a certification in financial coaching (Proof I know about every aspect of finance.)
  2. Give yourself some grace and time to really absorb the material you are learning.

Don’t Stop

As you commit to learning about finance piece by piece, you gain knowledge and a perspective shift to adopt and use with your finances.

After all, finance helps you make better and healthier decisions with your money.

Decide today to take the first step to financial freedom.

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Why Is Finance So Important?

Part 1 of 3

This is such a great question! Read on to find out why finance is so important.

Let’s Back Up A Little

Let’s ask ourselves, what is finance?

(According to the Corporate Finance Institute) Finance is defined as the management of money and includes activities such as investing, borrowing, lending, budgeting, saving, and forecasting.

Why Is It Important To Learn About Finance?

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Photo by Ivan Bertolazzi on Pexels.com

How many times within a day or week do you spend money?

Money is necessity to be able to support ourselves: pay for rent, groceries, cell phone, invest for retirement, and so on.

When we come to recognize that exchange of money for services and/or goods are a natural part of life, how important is it to you to be wise about every decision involving money?

I hope that it is very important. You work hard for the money that you earn. Right? It is within your best interest to learn how to be a good steward of it.

That is why learning about finance is so important. It ties right into the saying, “Knowledge is power.”

Knowing about every aspect of finance enables you to make wise decisions about your money. (Look at the definition again.)

Do you want to know how to do each of those financial activities? Your answer should be, “Yes!”

You should desire to know how because knowing will lead to financial security.

Say goodbye to money stress!

Who doesn’t want to do that?

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Just A Leap Away

This is one of those times as a coach that honesty can be brutal.

I wish that I was sitting across from you at a coffee shop, and I could counter every doubt with a genuine reason why financial coaching is the best investment you could ever make.

Making life altering decisions like completely re-learning how you handle your personal finances is never going to be an easy thing to do. It is going to take hard work and grit (perseverance).

I believe that you are capable of changing your financial future.

What does this mean for you?

  1. Does that mean you need help? It may.
  2. Does it mean that you need to change all of your financial habits? It might.

Seeking help and pursuing change is nothing to be ashamed of ever!

If managing your personal finances has always been a struggle, then making this decision is never going to be an easy one. It’s always going to be a leap of faith.

You have got believe that

  1. You are capable of changing your financial future.
  2. The time to commit to change is now!
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Book A Consultation Today! Don’t Wait!

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Meet Bethany

Hey Everyone!

My name is Bethany. I am the Founder and Financial Coach at Bethany Financial Group.

Certified as a Financial Coach

I have a passion for making sure every individual learns the right financial concepts (a.k.a. financial literacy) and healthy money habits to help them succeed with their personal finances.

My core belief as a financial coach is there is not just one way to coach.

Bethany

You are an individual. I am going to coach you in a unique style that fits you best.

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New Mini Course

Coming to Patreon!

Ready to learn how to successfully reach your financial goals? Then this mini course is for you!

Coming exclusively to Patreon in October!

When you sign up for the Undaunted tier, which is $8 per month, you will be able to go through this course with me.

Hope to see you on Patreon! – Bethany

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Next Steps After Becoming Debt Free

Even if you are debt free, you still need a financial coach.

Congratulations! You have conquered your debt! You are on your way to financial independence. You are free of your debt. This is awesome! Listen up!

Being debt free means a fresh start for you to reach financial independence.

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Photo by: Niklas Ohlrogge (Unsplash @pirye)

With your debt, you were in this dark room looking out at this beautiful view. (Go with it…Hang with me here.)

Now you are still this room, it’s not a bad thing. Right? You know you have finally conquered all of your debt! THAT IS HUGE! SOMETHING TO BE CELEBRATED! FOR SURE!

Look at what you were missing out on. Look at this view, it’s incredible. Welcome back to having more financial flexibility!

Ask yourself these questions:

  1. Are there smarter money habits that I still need to learn?
  2. What are my financial goals after conquering my debt?
  3. What should my spending plan look like now that I am debt free?

Want to find out how to create and prioritize goals that will lead to financial independence?