I always knew I wanted to be financially independent and successful. But I just now decided I want to be actively engaged in the process. (Grayheart previously managed our finances.)
A friend just gave me the book “Smart Women Finish Rich” by David Bach. I’ve heard positive things about him and Ric Edelman Financial. I’m going to read it and see if the information proves to be useful and easy to understand. (Frankly, I’ve always had little interest in stocks and found financial investment talk to be overwhelming.) I’ll write a post with my thoughts after I’m done reading it.
Since my separation, I’ve been very worried about money. I fret over the immediate future as well as long term planning. I’m a stay-at-home mom that has now been substitute teaching. (Not exactly a baller these days.) Grayheart is paying the bills but we are paycheck to paycheck. I am not used to this feeling. It’s been challenging trying to balance the desire to be an active parent with the need for financial stability. But I think proper guidance on how to manage what I currently have might get me in the right direction. And the battle might not need to be “motherhood” vs. “financial autonomy.”
My fear of long term financial security comes from ignorance in this field. (Fear. Seems to be an emotion I’m getting well acquainted with these days.) I’d like to think fear and insecurity are normal. It’s when it starts dictating your actions… that’s when it’s dangerous. I’m a terrible procrastinator and am constantly fighting that beast.
Self esteem and confidence seem to be enhanced with financial independence. I feel like I need this trait to be comfortable, proud and a good role model for my family. (Just one more piece of me I’m trying to improve upon to come back bigger and better than before!)
Do you have any favorite wealth management books or gurus you recommend? Please share!
Today’s Mantra: Push past fears. Don’t let fears dictate actions.