Investing

BUILDING WEALTH FROM THE GROUND UP

BUILDING WEALTH FROM THE GROUND UP

During the day, the next generation of wealth is busy building startups or running projects for major corporations. If you are an individual coming into wealth for the first time from a low- to a middle-income background, a unique set of challenges presents itself as you attempt to both manage and enjoy your hard earned wealth.

One of these challenges may be student loan debt. Besides navigating yourself out of debt, it can be tough to navigate relationship dynamics and commitments when you are new to wealth. You may feel an understandable pull to give back to your family and community, but have a hard time balancing these commitments with those of your own self-care and personal investment.

As your financial position improves, it is common to experience guilt and overwhelming feelings as you notice your improved position relative to your family and friends. These feelings can have an impact on how you relate to your family and community and how you understand your role and function in those relationships.

Couple these feelings with others' new perception of you as a “wealthy" person, and it can be easy to fall prey to a perceived responsibility for others that exhausts your emotional and financial resources.

5 SIGNS IT'S TIME TO HIRE A BUSINESS COACH

5 SIGNS IT'S TIME TO HIRE A BUSINESS COACH

Wondering if now is the right time to hire a coach?

Not sure it it's really worth it?

Listen, I totally get it! I know how scary it can be to invest in a coach. Especially when it's thousands of dollars. My first coach was a $5,000 investment for a 90-day program. After going through a bad divorce my credit was severely damaged. That meant no loans, savings or credit cards. I had nothing! What did I do? I honestly borrowed against my 401(k) to make it happen.

Was it risky? Absolutely!

Was I scared that I wouldn't get a ROI? Hell yeah! I was petrified.

10 WAYS TO GET THE MONEY YOU NEED TO INVEST

10 WAYS TO GET THE MONEY YOU NEED TO INVEST

Are you ready to invest in your business, but don't have the money? 

There is nothing that hurts my heart more than when I talk to an entrepreneur and they tell me they NEED what I have to offer, but they don't have the money to invest. Quite honestly, it makes me really sad for them. Now I can see if it's a 4-figure or more investment, but when it's a minimal investment for a high valued product or service it stings a bit. I'm talking anything from $7-$197. 

If you can't invest for less than $200, then are you really running a business? Are you taking entrepreneurship serious?