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Are we properly educated in financial literacy?

In morning I checked my bank account and I received some money. I certainly like the amount. The more I play and have fun with my business the more I get as a reward. Isn’t that great?

But one has to be really good with money in order to get more. It’s about knowing where each penny goes…

I listened to a great recording where a multi million dollar earner in MLM Kathleen Deggelman share really interesting insights. I thought I pass my notes onto you. She spoke about financial literacy which is NOT taught at schools and in most households either.

By the way, did you know that “One third of British working mothers are main breadwinners”?The proportion of women in Europe who carry financial responsibility for their family has dramatically increased in past 20 years, according to research. Over the past two decades, employment among single parents – mostly women – had risen dramatically from 47.1% in 1996 to 65.7% in 2014, the report said.

Here are my notes and Kathleen Deggelman’s view.

If you take care of your money you get empowered.

Money is sexy. And it gives you freedom.

Be the student of making money. 76% families live pay cheque to pay cheque.

Rewire your thoughts.

If you make 10K and your spend £10 100 you are still broke.

Be financially better off, be smart with your money.

 

We don’t teach kids about financial literacy.

We have to start that!

 

She asked herself a question:

How to properly manage your money

so that I don’t ever have to worry about money?

The answer was: I want to become an entrepreneur and get empowered.

 

Change your blue print. You don’t have to live in the victim state that no one in your family has made money. You can choose to live differently.

 

Reading can change your life!

3 books she recommends:

– Rich Dad, Poor Dad by Robert T Kiyosaki

– Think and Grow Rich by Napoleon Hill.

-Money master the game by Tony Robbins

 

She is passionate about teaching women about money

How do you feel about money?

 

It’s about the money you are spending.

Have it under control.

 

Put some money aside

You get tax benefits of home based business.

Live your life like a business.

Be prepared!

Have 6 months minimum set aside as a financial reserve – “Peace of Mind Account” you don’t touch. It’s your 999 go-to when you need it. 

Retirement finding – start now!

Teach your kids how not to ever use the credit card balance.

 

When you start a Home based business.

Work with a good accountant

Learn how you code your receipts.

Live life like a business!

Keep good records.

Set aside money for taxes! It’s not your money anyway. Create an online bank account where you sent money to each month towards taxes.

 

1) The prosperity game

Start with £10 000

I’m going to spend it on… fill the gaps.

Abundance mind set vs. scarcity mindset

Positive feeling creates more of that.

Attract what you want in your life!

2 days a week play this prosperity game!

 

 Have the right Mindset about money.

 

2) practice gratitude!

It’s simple not easy

Appreciate what we have now

Go to work with, I’m grateful for what I have right now.

Practice daily. 5-10 things I’m grateful for.

 

Take care of money can be fun, empower kids. You can play the Monopoli game.

 

We as women set the emotion tone in our family about money.

Having more money in your life will make more of who you already are.

Who really wants to be free?

It’s a decision to say to yourself: enough is enough

Believe in yourself, have fun making the money and taking care of the money

 

Have 2 businesses: 1st: MLM, 2nd: income from investments.

 Give a gift of value, contribute to the society, help it make better.

 

Via: http://www.theguardian.com/lifeandstyle/2015/oct/20/working-mothers-britain-breadwinner-statistics-income

Event organized by Eric Worry, the best women in MLM

 

Did This Help You? If so, I would greatly appreciate it if you commented below and shared on Facebook. Or email me if you’d like to talk more.

 

If you are ready for the next step in your life, download my 10 day challenge

And explore the page ‘Work With Lucie’ and see how we can work together.

Looking forward to hearing from you.

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