As a third generation financial professional, Alicia Lewis, the President of Layman Lewis Financial, blends the best practices of traditional financial strategies with modern techniques to help clients pursue their goals. To accomplish this, she creates customized strategies with a variety of insurance products for each client, designed to help protect their assets, potentially reduce taxes and possibly even increase retirement income. We asked Alicia what her top advice for women would be on how to set themselves up for financial success.
For many women, financial empowerment can be an elusive goal. However, by taking a proactive approach to their finances, women can gain control of their money, reduce stress, and achieve financial stability and independence.
It's time for women to take charge of their finances and become excited about money. Being financially empowered isn't just about having enough money in the bank, it's about taking control of your financial future and making your money work for you. This article is NOT going to tell you to stop buying fancy coffee. You do you, girl!
- Set Big, Bold Goals
Forget about the old-school approach of setting small and safe financial goals. It's time to dream big and set bold goals that will challenge you and inspire you. Whether it's starting your own business, retiring early, or investing in real estate, set a big goal and go for it!
2. Get Savvy with Investing
Investing isn't just for Wall Street bros. It's time for women to get savvy with investing and start building wealth. Do your research, learn about stocks, mutual funds, and real estate investing. Invest in yourself and your future, and watch your money grow.
4. Build an Emergency Fund, ASAP
Life is unpredictable, and having an emergency fund is crucial for financial empowerment. Build an emergency fund that covers at least six months of expenses, so you can weather any storm that comes your way.
5. Network Like a Boss
Networking isn't just for making business connections. It's also a powerful tool for learning about personal finance and building your financial knowledge. Attend financial seminars, join investing clubs, and surround yourself with like-minded women who are taking control of their finances.
6. Don't Be Afraid to Seek Help
If you're feeling overwhelmed or don't know where to start, don't be afraid to seek help. Hire a financial advisor or planner who can guide you through the process and help you achieve your financial goals.
Taking control of your finances isn't just about being responsible or practical. It's about feeling empowered and taking charge of your financial future. By setting big goals, getting savvy with investing, building an emergency fund, networking like a boss, and seeking help when needed, women can become the ultimate bosses of their money. We highly recommend calling Alicia and her team!
