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  • Writer's pictureAlexandra Ciobotaru

Money Fundamentals: A Femme Lead Workshop with Rares Bagyo

This Femme Lead event was a deep dive into money fundamentals, led by the insightful Rares Bagyo, where we explored essential budgeting skills and transformative mindsets.

👇 Here's a breakdown of what we uncovered:

🧠 Mindset Matters: Undoubtedly, one of the most crucial factors on the road to financial success is our mindset. The way we think about money can shape our financial destiny. It's a powerful reminder that our beliefs and attitudes can be the difference between struggle and success.

💼 Budgeting Insights: At the heart of the workshop, we ventured into the essentials of budgeting, which are indispensable tools for taking control of our financial lives:

  • Connect Your Budget with Goals: Aligning your budget with your aspirations is like giving your money a clear purpose, making it a powerful force for achieving your dreams.

  • Distinguish Between Needs and Wants: Recognizing the difference between necessities and desires helps us prioritize spending and save for what truly matters.

  • Look Ahead, Not Backward: Successful budgeting involves planning for the future, not dwelling on the past. The financial journey is forward-looking.

  • Address the Impact of Inflation: Understanding how inflation affects your purchasing power is critical for long-term financial planning.

  • Manage Cash with the 3 Pillars: Rares emphasized the importance of having the 3 pillars of financial stability in place: emergency savings, low-risk options, and long-term investments.

💡 Towards the end of the workshop, Rares invited us to reflect on some pivotal questions:

  • What changes can you make to move closer to financial freedom?

  • Does your money have the time it needs to grow and work for you?

  • Have you considered the value of an accountability partner in your financial journey?

  • Can you identify where you might be stuck before building a clear action plan to move forward?

These insights have ignited our desire to take control of our financial destinies, make purposeful financial decisions, and embark on a journey toward financial empowerment.

Stay tuned as we continue to share more updates, tips, and tools for achieving financial success via! ✌️💡💰

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