Money / Financial Planning
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With a plethora of money advice out there, it can be hard to know what’s actually good advice and what you can skip. So to find tips you can trust, I spoke to women who work in the financial industry about the best advice they personally have received.
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Here are their favorite pieces of money advice.
Tanya Van Court, Founder and CEO, Goalsetter
“No matter how much money you make, you can have a wealthy mindset. People with a wealthy mindset use their dollars to build their own wealth instead of using their dollars to make others wealthy. That means having an attitude towards money that is more focused on how you can multiply it versus how you will spend it. For example, I have two friends who both have the same salary. One spends that money on rent, a nice car, designer clothes and lives paycheck to paycheck. The other has a mortgage and rents out some of the space to subsidize the payment, buys cars at auction and then resells them for a higher price, and never pays full price for clothes. By doing this, she is freeing up a lot of money that can be invested and will grow over time to serve her in the future.”
Samantha Melting, Senior Vice President and Head of Consumer Bank, Synchrony
“The best advice I have ever received is to invest in you by paying yourself first. When you make yourself the priority, you are investing in your future self and positioning yourself to be financially resilient for whatever comes your way. Doing this has also created a positive relationship with money for me. It has given me opportunities to make smart decisions, reach new goals and reduce the stress of unexpected financial challenges.”
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Jessica Bieligk, Chief Commercial Officer, Paceline
“The best financial advice I’ve received was from my parents. It was to always spend within my means and to approach my finances the same way I approach my career, my relationships and my well-being — set goals, show up, be intentional and be consistent. If you carve out a little bit of time (each day or each week) to stay engaged in your finances, like most wellness goals, it becomes muscle memory and allows you to achieve more than you …….