As some of you may remember, I created a new "Investing 101 Series" in collaboration with Onada Sokunbi of Clever Girl Finance - she has graciously contributed an article for GradMoney too! While I focus on investing and the stock market, Onada's specialty is in personal finance - which can benefit us all! Please enjoy her first contribution!
Bola Onada Sokunbi is a big personal finance junkie, money coach and founder of the website CleverGirlFinance.com which she created out of a passion to educate after several experiences with women who were afraid to talk about money, didn’t know what to do with their money situation and were struggling with debt even though they were very successful in other aspects of their lives.
CleverGirlFinance.com provides financial education and empowerment for successful decision making, tied to everyday life as well as tips to inspire women to pursue their dreams of independence and wealth creation, through small business ownership.
Her goal is to empower women to make the right decisions for their current and future selves as she believe that every woman can be financially successful in her own right no matter where she comes from if she has access to the right resources and support.
After you read her piece below, make sure you follow her site and social media:
We all want to be financially independent and build wealth, and deciding to embark on the journey towards financial independence is a big deal because it marks a fresh beginning with your money.
It means you are taking ownership of your finances and current financial situation. It means that you want to make a difference in your life - You want to organize your money, create an emergency fund, plan for your retirement and your children's education and build long lasting wealth. You want to do better and be better.
The journey to financial independence however, is not easy and not everyone will get or appreciate your new stance on money but is is very doable with discipline and consistency.
You will still make mistakes with your money. Sometimes you might be unable to resist the urge to buy something new that isn't in your immediate budget and sometimes you will feel like ripping your entire financial plan to bits because it just doesn't seem like fun.
Some people will laugh at you for wanting to build wealth, some will tell you that you can't do it, some will tell you to live a little and some will not like that you have to say no to them sometimes.
All of this is ok.
Remember, this is your journey and not anyone else's. For every setback you have what matters is that you make a comeback and that you come back better. If you buy something you didn't plan to, return it or sacrifice by not purchasing something else that you planned to buy.
Go through all the things you already own and realize how blessed you are - do you really need more? If you feel like you just can't stand your budget anymore because it's no fun, reflect on all the progress you've made or stop and think about why you are really doing this and the type of life you are trying to achieve.
If the people around you are nay-saying, talking you down or just not motivating you, shift your circle of influence. Instead, find people that are on your same mission and surround yourself with them.
This is your journey. If you want it bad enough, you will get there and when you do, it will be so worth it!
Greetings, GradMoney Readers!
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