Sanam Balani’s Post

🐣 Are you ignoring financial health? Here’s three tips for how you could use this bank holiday weekend to foster enduring habits and embrace change. 🍫 Whilst I ofcourse believe in what appears to be the best kept secret superpower that is financial advice, there are still things you can do to make a difference to your financial situation yourself. You could dedicate a few hours to your finances this weekend. And it would make the world of difference to your life and health. 💡 Reflect on your financial goals and how they serve everyone in your life. ✍️ Review your budget with an eye for adjustments that could better align with your values. 📚 Engage with financial learning, knowledge empowers us all. 🧒🏿 👧🏼 Think of ways to support your children with their financial literacy You could make this bank holiday a turning point for your future. Or you could continue as you are, which is likely to be burying money management behind all the other jobs. Don’t let the fear of the unknown dictate your life’s choices. What’s your objective for the bank holiday weekend? Ali Woodhead Sammy Burt Lizzie Heffer Jo Lloyd Lynne Fernquest Stephanie Dodd Anne Kelly Sam Laite Loraine Morgan-Brinkhurst MBE Samantha Hay Lynne Franks OBE Sarah Moon Garrod Musto Graham Papenfus CFRE Helen Keating Ross Jones Simon McNeill-Ritchie Matthew Lock Dave Holby-Wolinski BCA FRSA #FinancialWellbeing #BankHolidayReflections #InclusivityInFinance #UniqueIndividuals

If you have trouble sleeping, I've got the answer! 💤 Believe it or not! Saving can help you sleep and boost your levels of satisfaction. A study by Bristol University found that regular savers on lower incomes have similar life satisfaction levels as richer non-savers. Taking control of your money, by having a savings plan, means you are taking ownership of your financial situation. Taking control leads to a feeling of security which reduces anxiety. We sleep better when we are free of worries. I love to work with anyone who wants advice on how and where to save - no matter the amount they are able to put away. 'Wealth Manager' is just a title. I feel strongly that the skills of a financial adviser should not just be available to the wealthy. #Savingshabit #startsaving #financialadvisor #UKsavings #DubaiExpat

The Path to Financial Freedom: Prioritizing Needs Over Wants In today's consumer-driven world, it's easy to get caught up in the pursuit of wants rather than needs. But as a seasoned tax professional, I've seen firsthand how this can lead to financial turmoil. Let's explore why chasing wants over needs is akin to financial suicide: 1. Budgeting Wisdom: Focusing on needs allows you to create a realistic budget that covers essential expenses such as housing, food, and healthcare, laying a strong foundation for financial stability. 2. Debt Dangers: Fulfilling wants often involves taking on debt, whether through credit cards, personal loans, or installment plans, leading to a cycle of high interest payments and financial stress. 3. Savings Struggles: When wants take precedence, saving for emergencies, retirement, or future goals becomes an afterthought, leaving you vulnerable to unexpected financial setbacks. 4. Investment Opportunities: By prioritizing needs, you free up resources to invest in assets that generate long-term wealth and passive income, paving the way for financial freedom and security. 5. Mindful Spending: Differentiating between wants and needs cultivates mindful spending habits, encouraging conscious consumption and greater appreciation for life's essentials. Remember, it's not about depriving yourself of enjoyment, but rather, finding a balance between fulfilling your needs and indulging in wants responsibly. Your financial future depends on it. Let's prioritize financial well-being together. Connect with me Sagar Devani to explore strategies for achieving financial freedom while staying true to your needs and aspirations. #FinancialWellness #NeedsVsWants #SmartSpending #IndianFinance

Climbing the Ladder to Financial Wellbeing Financial wellbeing refers to a state of being where an individual has a sense of security, stability, and freedom in their financial life. It means having a stable financial foundation, being able to meet financial obligations, and having the resources to pursue financial goals and enjoy life's experiences. Financial wellbeing is a journey that requires stepping through several levels: Level 1: Financial Security Having a stable income, manageable debt, and adequate savings. Level 2: Financial Stability Enjoying a consistent financial situation, with minimal financial stress. Level 3: Financial Freedom Having the ability to make choices and pursue opportunities without financial constraints. You can only reach this stage when your debt level is less than 30% of your income. This aligns with the Bible verse that says, "The borrower is slave to the lender" (Proverbs 22:7). True financial freedom comes when you pay off your debt. Level 4: Financial Resilience Being able to withstand financial shocks and setbacks. Level 5: Financial Confidence Feeling informed and in control of your financial decisions. Level 6: Financial Peace of Mind Enjoying a sense of calm and contentment regarding your financial situation. Take Action Today! Embark on your journey to financial wellbeing. Start by assessing your current financial state and setting realistic goals. Remember, achieving financial freedom is a step-by-step process, and the first step begins with you. #FinancialWellbeing #FinancialFreedom #DebtFree #CedisPay #FinancialGoals

How Can I Overcome Financial Illiteracy After Going Broke? Answers: https://lnkd.in/gBu2vKE3 #FinancialLiteracy #DebtAwareness #InvestSmart Hey everyone! 👋 I wanted to chat about something that’s been on my mind lately: growing up without financial literacy. It's a huge topic, and I think many can relate. So let's dive in! My situation: I’m a single guy in my 30s, drowning in $20k+ debt. 😩 I make around $70k a year, but I always found myself living paycheck to paycheck. My weekends revolved around partying, and I drove a somewhat pricey car while maintaining a solo apartment. The wake-up call: A recent health issue sidelined me from work, and that’s when reality hit hard. 💔 Going broke and feeling the weight of my debts was a tough lesson in understanding the real value of money. Why does this happen? Lack of Education: Many of us aren't taught about managing money, saving, or investing. It’s often overlooked in schools or at home. Lifestyle Choices: We sometimes prioritize immediate gratification over long-term stability. It’s easy to get caught up in living large, especially when surrounded by social pressures. Fear of the Unknown: Money talk can be i...

Think a high income guarantees financial stability? Think again.💰 High income doesn’t always equate to financial stability. A lavish lifestyle, unexpected financial hits, and lack of financial literacy can deplete even the most substantial earnings. Whether you're in your first year of practice or a senior partner the trap is easy to fall into... the money outflow increases as fast (or faster) than the in-flow. Low interest rates through the last many years and the sudden increase in them the last 2 years has exposed many for how they lived - on credit! Doing that can lead to living paycheck-to-paycheck or worse, debt. Buy that which you can afford to actually pay for and you will be fine. Don't let the lifestyle creep get you. There is more to life than fancy clothes, cars and crazy nights out. Have fun and enjoy the life that your hard work earns, but do it intentionally! Remember, as I've suggested time and time again, It’s not just about how much you earn, but how much you keep; so manage it wisely! Financial literacy and planning for the unexpected are crucial to maintaining true wealth. 👉 Let's connect over a Virtual Coffee Chat ☕ and start your journey towards financial independence. #FinancialPlanning #WealthManagement #WealthyLawyer #FinancialIndependence #LamontWealthStrategies

Good morning! ☀️ Let's kickstart our day with a dose of financial self-care! 💰✨ I’m by no means a financial expert but self care also means tending to our finances. Financial stressors are one of the top reasons people come to my office for psychiatric treatment. Financial stress 😫 can lead to anxiety and depression. Let’s change our mindset about money. 🌻Here are 5 quick tips to nurture your financial well-being: 💸 Start Saving: Set aside a portion of your income regularly for emergencies and future goals. Even small contributions can add up over time! #SaveForYourDreams. 💡 Invest Wisely: Explore investment options such as stocks, bonds, or mutual funds to grow your wealth over the long term. Do your research and seek professional advice if needed. #InvestInYourFuture 🛍️ Practice Mindful Spending: Before making a purchase, pause and ask yourself if it aligns with your values and priorities. Avoid impulse buys and focus on what truly brings you joy and fulfillment. #MindfulSpending 📉 Avoid Debt Traps: Be cautious with credit cards and loans, and only borrow what you can comfortably repay. Pay off high-interest debts first and strive to live within your means. #DebtFreeJourney 📊 Track Your Finances: Keep tabs on your income, expenses, and financial goals using budgeting tools or apps. Awareness is key to making informed decisions and staying on track with your financial journey. #FinancialWellness 🤔Remember, financial self-care is a journey, not a destination. Let's nurture our financial health with small, consistent steps each day! 💕 #FinancialSelfCare #EmpowerYourWallet 🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻

YOU'RE RICHER THAN YOU THINK: CULTIVATING HEALTHY FINANCIAL HABITS TO OVERCOME MONEY DYSMORPHIA Ira Smith Trustee & Receiver Inc. 167 Applewood Crescent #6, Concord, ON L4K 4K7 (647) 799-3312 VISIT THIS SITE: https://lnkd.in/ez5uT253 Are you tired of feeling stressed and anxious about your finances? Do you feel like you are not progressing enough towards your financial goals? In this video, we'll explore the concept of 'money dysmorphia' and how it's holding you back from achieving financial freedom. We'll also discuss practical tips and strategies for cultivating healthy financial habits and building a brighter financial future. Watch until the end to learn more and get a sneak peek at our latest blog post, 'You're Richer Than You Think: Cultivating Healthy Financial Habits to Overcome Money Dysmorphia'. #SocialMediaImpact, #FinancialWell-being, #SettingFinancialGoals, #FinancialInsecurities, #FinancialEmpowerment #moneydysmorphia #financialstress #financialfreedom #budgeting #saving #investing #financialliteracy #personalfinance #moneymanagement #you’rericherthanyouthink

10+ Years of Hard Work, But No Savings or Investments – What Went Wrong? If you've been working for 10 to 15 years and still don't have savings or money to invest, then this video is for you. You're likely making four mistakes, and the first mistake is that you have poor money management skills. Second, you don't have a strategy to control your expenses. Third, you're still relying on a single source of income. And fourth, you lack financial education or have only partial knowledge about it. So, if you want to overcome these challenges and make the coming years better, I invite you to join my community, where I help people solve such problems. I’ve already helped more than 100 people overcome these challenges, and I can help you too, and now it’s your turn. Click the link below to get started: https://bit.ly/FAbyVB Don’t forget to save this video and share it with others who might benefit from it. Let’s create a financially free future together! Thank you very much! #financialfreedom #moneymanagement #SavingsTips #investmentplanning #personalfinance #financialeducation #controlexpenses #multipleincomestreams #wealthbuilding #budgetingtips #debtfreelife #moneymatters #GrowYourWealth #SmartInvesting #moneytips

This shame around money can cause deep havoc to the financial wellbeing because it’s often mixed with another common theme for American savers: A lack of financial education and knowledge. Read more on our blog!