Creating Financial Awareness: The First Step Toward Progress With Money | Archived Episode

Whether you’re already on a path toward paying off debt and need to check-in on your progress or if you’re ready to embark upon the journey toward financial freedom, this information-gathering exercise (accompanied by the free download) will provide you a complete, clear picture from which to craft your strategy. 

Welcome to the first step along the path of absolute confidence with your money. 

You’ve got to know where you’re starting from before you can expect to make any progress toward any financial goal. This information-gathering guide will help you form a clear pictureof your personal finances so that you can make an actionable realistic goal and embark upon the steps to achieve it.

No matter your background, your debt, your credit score, etc. gathering information is the first, most important step. 

In this episode, listen for:

• Ensure you have a recent statement and online account access to every credit card, loan payment, utility, and other monthly obligation. Check your annual credit report at least once a year.
• Don’t judge yourself based on the numbers. This exercise is solely for information gathering purposes. If you start to tally debts at this point in the game, you’re likely to get discouraged and quit. Help yourself stay motivated with little breaks or prizes after certain steps. 
• Besides being an act of self-care, your efforts to improve your financial situation will lead to greater security for you your family.

In this episode, you’ll also hear:

[00:05:18] Getting a sense of where you stand is the first step. Understand the figures in front of you. It’s time to stop guessing and start working with actual data if you want to make any progress.

[00:08:26]  All bills and transactions fall under 4 categories: Credit Reports, Subscriptions/Rent/Medical, Banking, and Investments. Use the free download to help keep you on track toward a complete picture. 

https://reachingabundance.podia.com/budgeting-for-debt-freedom-freebie

[00:15:12] Learn the ins and outs of your current position so that you can seek appropriate resources and take action. Finding the correct financial coach, establishing effective goals, and zeroing in on the most pressing concerns will help you make the fastest progress.

 

Find out the whole story about how debt affected my life here: https://link.chtbl.com/myjourney

 

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Learn more about how you CAN create the abundant life you've always wanted at www.reachingabundance.com

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