133: Securing Your Financial Future

Wake up, y’all! It’s time to talk about getting your money right and securing your financial future! If you ever wondered how to start on the path to financial independence, then this blog is meant for you. Pay attention as we learn some mind-blowing methods of planning for and securing our futures.

Define a financial advisor, and explain why people dislike hearing their advice. (3:28)

If you’ve never heard of a financial advisor, then here’s your introduction! These superheroes in the finance world provide unbiased advice to people with realistic financial goals. Some may believe they don’t need to follow their advice since they know more about their finances than any other person. This statement may be accurate, but they are always there to lend a helping hand if you don’t have time or are unfamiliar with financial literacy. 

What are some situations that other people go through that others should know more about? (7:09)

Here’s an interesting idea: Most people believe that having a certain amount of money is required to begin financial planning. Good thing that this is a myth! Trust me when I say that if you desire to improve your finances and want your money to work for you, then a financial advisor can help you get to that point if you can’t get there yourself!

What should people consider when planning for their financial futures? (14:34)

Okay, now time for some juicy information! If you want to start planning for your financial future today, then you have to ask yourself these questions:

  • What type of lifestyle do you want to live?
  • How and when would you like to retire?
  • How much risk are you willing to take for investment purposes?
  • Where would you like to be now, in a few years, etc.?

Keep in mind that you also must make room for building a safety net within your budget. After all, this is your future that we’re talking about!

What is the difference between financial planning for earned income makers and entrepreneurs? (21:43)

Although both groups are getting their hustles on, there’s a huge difference in financial planning for passive income makers and entrepreneurs. Passive income makers have a more stable and consistent income, which makes budgeting and planning more effective. Entrepreneurs, on the other hand, can have inconsistent income that can significantly affect their planning process. Whichever path you choose to walk down, you want to have a clear view of your financial future and life. 

Any final thoughts on the finance topic? (34:55)

If there’s anything that you should take from this blog, let it be this: It’s always better to start somewhere with securing your financial future than not to start at all. After all, according to India Lott herself, “having peace of mind is priceless,” and your future self will thank you in the end.

India Lott is a Financial Advisor who specializes in working with women. Her goal is to cultivate enduring relationships with clients by providing expert guidance for a lifetime of financial security. India’s mission is to develop a strong understanding of her client’s unique circumstances and goals and to provide a bullet-proof, personalized financial plan that allows them to enjoy life now, while also planning wisely for the future. 

As a public speaker, she regularly presents at conferences throughout the US, hosts workshops for corporate organizations and nonprofits, discussing topics pertaining to financial planning literacy, digital marketing, tech, and topics geared towards women of color. Connect with India on LinkedIn.

More ways to listen: Apple PodcastsYouTubeSpotifyGooglePlay.