Sep 18, 2018
This episode is especially close
to my heart because Nechelle is one of the most relatable and
intelligent women I know.
Her story of pushing herself
forward in life financially and professionally as a single mom is
nothing short of amazing, and there are hundreds of thousands of
women doing it every day. WOMEN ARE AMAZING. :)
also got to touch on differing money mindsets based on not just
generation but also culture, which I find fascinating.
incredible things we covered…
- Nechelle was up to $150K in debt and paid it
managed to work TWO jobs and go back to school and raise a son as a
single mom. BASICALLY SHE IS MY HERO.
we live in a “throwaway society” (love that term) where we’re so
abundant with consumer products and trading quality for cost that
it’s often more expensive to buy new things than it is to fix our
existing things. CRAY.
- Buying decisions -- like when do we decide to
just go with the slightly cheaper option?
women really need to understand about their finances, like how
up for major investments
- Manage their cash-flow
- Strategize for the long-term and their big
picture (a.k.a. The VISION Board)
- Quantify their dreams and desires in
numbers on paper
focusing too much on PASSION and not enough on BUSINESS can result
in creating an entity that is financially inconsistent.
love solves all problems, but you still have to quantify your
cash-flow needs. ;)
going to the bank as a ritual with her father taught Nechelle to
treasure money and truly respect it and take care of
Remember, your first step in any financial plan should
always be your
In the meantime you can always check out Nechelle’s
REVENUE calculator here: moneybasics.ca/revcalculator.
And make sure to stalk her for more brilliance on