111. Ten Essential Money Skills to Master for Financial Success and Wealth Building
episode
Becoming The Wealthy You | How to Save Money, Stop Overspending, Get Out of Debt, Budgeting & Personal Finance for Women
22 min
1 speaker
4 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
You are listening to the Becoming the Wealthy You podcast with Jermaine Foley.
If you're a woman who makes good money in your career or business, but you're not building wealth like you want to, then you're in the right place. In this podcast, you'll learn how to stop overspending, break free from the cycle of debt, save lots of cash, and become the wealthy woman you were born to be. Let's dive in. Well, hello, everyone. Welcome back to the podcast. Today, we are talking about something that I think is so important, but rarely discussed. The skills of money. Here's the truth. None of us are born knowing how to manage money, how to save, how to invest, or how to build wealth. These are skills we either learn or we don't learn. And this happens throughout our lives from when we're little kids.
And sometimes the things we have learned along the way about money are not helpful and are very unproductive. But here's the good news. Money skills aren't reserved for the lucky few or the financially savvy. They can be learned. They can be strengthened and mastered at any point in your life. It doesn't matter how old you are right now. You, my friend, can learn the skills of money. Now, before we dive into these skills, I want to just talk about what a skill actually is in the first place. So here's the definition of a skill. A skill is a learned ability to do something well. It's something you can develop and strengthen through practice, education, and effort. When it comes to money, skills are about building habits and systems that make handling your finances easier.
more effective, and less stressful. Now, here's what I want you to know. You do not capitalize, underline the word not. You do not need to be naturally gifted with money to get good at it. You just have to be willing and motivated to learn and to practice. You have to get to the point where you're just ready to change your life. You're just ready to stop stressing about money all the time. You have to get to the point where you're willing to do something you've never, ever done before so that you can get a result and an experience of life that you've never ever had before. The saying, what got you here won't get you there is so true. Like wherever you are financially, the habits, the mindsets that got you there will not get you to where you want to go.
Okay. And the bridge to getting there is learning these skills I'm going to discuss with you today and over the next several episodes.
What are 'money skills' and why do they matter for building wealth?
And when we talk about these skills and the fact that you don't need to be gifted and you don't need to be born money savvy, this really underscores exactly why I was so passionate and committed to rebranding and changing the name of this podcast. I want women who are motivated and ready to finally take control of their money to know that this podcast, this space, me as a mentor, me as a money coach and a financial coach, I'm for you. The work that I do is for you. It's not for women who have already figured this money thing out. It is not for women who are already wealthy. It is for women who want to be wealthy. It is for women who aspire to be wealthy. And I've heard from quite a few of you already that this name change has resonated and you feel like you belong.
You feel like not only is this podcast for you, but you feel like maybe my coaching programs are for you and my mentorships are for you. And I am just so happy to know that just tweaking the name a bit and making sure that you all understand where my heart is and who I help and what this podcast is all about. I love the fact that I get to hear from you that this change matters, this change resonates with you, and I'm just so excited about it. So again, this podcast is for women who make good money but haven't figured out how to build wealth. You haven't figured out how to get control of your spending. You haven't figured out how to save and build that financial security that you truly want. You haven't figured out how to get out of credit card debt and to actually stay out.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:00–3:15
2
What are 'money skills' and why do they matter for building wealth?
3:15–9:39
3
How can anyone learn money skills regardless of age or background?
9:39–17:27
4
Why did the podcast rebrand to focus on wealthy women and who is it for?
17:27–22:05
Speakers
1 identifiedMore from Becoming The Wealthy You | How to Save Money, Stop Overspending, Get Out of Debt, Budgeting & Personal Finance for Women
189. How to Build Wealth Without Giving Up the Life You Enjoy
188. The Biggest Financial Mistake Women Make After Getting a Raise
187. Making Good Money Isn’t the Same as Building Wealth
186. Why Making More Money Can Still Leave You Feeling Behind
185. Your Past Money Habits Created Your Current Financial Life
184. Why Money Keeps Coming In and Going Right Back Out