Talking About Money
Wise Money Moves
It is time to make the shift and have some open conversations about money. Talking about our finances does not have to be this guilt ridden, taboo subject that fills our heart with dread and our stomachs with nausea. In this week’s podcast, we explore how social rules and gender language connotations affect our ability to ask for what we want and need. Kamal and Tracy will give practical tips and useful strategies to help you take those first steps into a difficult conversation.
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Staying on Track
Wise Money Moves
Your Asset Allocation Strategy has now been implemented but how do you determine the success of it all, especially when you are looking at maintain long term investment goal? Tracy and Kamal discuss developing the metrics that will measure success, be it actual financial growth or even emotional stability. Learn the importance of staying on track and reviewing the process on the regularly basis.
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Common Investment Mistakes
Wise Money Moves
We all make mistakes. Very few of these errors are irrevocable or fatal. But almost all are avoidable. Kamal and Tracy talk about the most common investment missteps that we all can make. Strong emotions like fear or impatience, can lead to reactive and counter-productive decisions. Too often we rely on unqualified advice, whether it be friends, relatives, or social media. Learn how to identify and avoid these common pitfalls so you can have as smooth a journey to achieving your goals as possible.
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Your Money Strategy
Wise Money Moves
The key to developing a powerful investment strategy is knowing where you want to go. Kamal and Tracy teach us how to determine our financial objectives by looking at three key factors: What are my top three money goals? How much does each one cost and what is the timeline? Once you have these defined you are ready and able to move on to the next step. Learn about developing an asset allocation strategy and the different types of investments that are available to reach your specific goals.
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Gender and Money
Wise Money Moves
What is the truth about gender and finance? When it comes to talking about women, men, and money, it is hard to see the forest from the trees. We are all bogged down with socio-cultural ideas and expectations that are familiar, often unconscious biases. These insidious beliefs can impede our progress towards a healthy, empowered relationship with our money - and each other. Are these myths and eliminate the dark shadows that may be getting in the way of you being a financial powerhouse.
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Your Professional Money Team
Wise Money Moves
Where can I turn to for help? There are so many designations and job titles in the world of finance, it makes figuring out who and where to get professional advice from, a daunting and overwhelming task. The Dynamic Duo will outline the major financial professions, and what they can do for you. They will show us who you need, for what, and when. No one can move to the next level of their financial journey without credible, relevant guidance.
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Who do you listen to?
Wise Money Moves
It’s a noisy world out there filled with contradictory opinions and misleading advice. How can you fine tune your ear to hear the wisdom that fits your values and is appropriate for your situation? The viewpoints are often over simplified and can make us feel like we are falling behind and that everyone is smarter than us. Listen to Kamal and Tracy as they help you learn to discern the voices of wisdom so you can grow your money with confidence.
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Cash Flow Practicalities
Wise Money Moves
You are your own boss. Economic power and freedom starts from owning your personal financial situation. We do this by understanding how and when we spend. Tracy and Kamal will walk you through the practicalities and pitfalls of how you measure and track your cashflow. Cash flow is defined as money in and money out. It is not a budget. It is not like a diet meant to constrict your behaviour or punish you for making a wrong turn.
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Cash Flow Connections
Wise Money Moves
Economic power and freedom starts from owning your personal financial situation.Tracy and Kamal will walk you through the practicalities and pitfalls of how you measure and track your cashflow. Cash flow is defined as money in and money out. It is not a budget. It is not like a diet meant to constrict your behaviour or punish you for making a wrong turn. Knowing how to keep track of spending is the foundation of an empowered financial life.
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Start Where You Are
Wise Money Moves
Everyone sits somewhere on the wealth continuum. Your strength is rooted in acknowledging your own reality and building from there. The five step financial planning process guides us through the steps. Listen in as Kamal and Tracy shed humor and wit on how to get through the five key questions that inform and shape our financial lives. Use their tools to create your own personal power plan. You will feel more confident, supported and empowered after listening to their insights and valuable guidance.
info_outlineIt’s a noisy world out there filled with contradictory opinions and misleading advice. How can you fine tune your ear to hear the wisdom that fits your values and is appropriate for your situation? Media is often not a good friend and can be our worst enemy when it comes to building wealth. Media is meant to elicit strong emotions. The viewpoints are often over simplified and can make us feel like we are falling behind and that everyone is smarter than us. Listen to Kamal and Tracy as they help you learn to discern the voices of wisdom so you can grow your money with confidence.
Kamal Basra, BSc, CFP
Co- Founder, Sophia Financial, Financial Advisor
Data driven, fact checking, translator of complex economic info into understandable plans, champion for diversity and fairness …
“Numbers matter. People matter.”
Tracy Theemes, MA, CFP
Co- Founder, Sophia Financial, Financial Advisor
Motivator, truth seeker, wisdom sharer, protector of those who are vulnerable and champion for those who try…
“It’s not about the numbers but the stories we tell ourselves about those numbers.”
About Sophia Wealth Academy:
From our first day in business at Sophia Financial Group, we made two promises: to deliver honest, effective financial advice with portfolio management services; and to be a source of financial education and empowerment for women.
We give one day a week of pro bono financial advice to anyone, regardless of their economic circumstances and we host free financial workshops in our offices and in the community.
We are committed to delivering the highest level of service as professionals as well as having a positive social and economic impact in our community and with the people we serve.
To learn more visit: https://sophiawealthacademy.com/
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