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“I raise up my voice- not so I can shout, but so that those without a voice can be heard…we cannot succeed when half of us are held back.” -Malala Yousafzai
International Women’s Day is celebrated on March 8 every year. Over the month of March Financially Wise, Inc. is celebrating and sharing about Women and Wealth.
At its inception, FWI was founded on empowering women with their finances. I wanted every woman we came in contact with to be confident and self-assured about their money.
This confidence with our money allows us to make better decisions, give more to our communities, and to change the landscape of what is possible for generations to come.
111 years ago... in 1908, 15,000 women marched in New York City to demand better pay and working hours as well as the right to vote. And we have not stopped marching in many ways.
We have made some major strides.
Here are some interesting facts you may not have known that hopefully will inspire you:
Women control nearly 60% of the wealth in the United States.
The number of wealthy women in the U.S. is growing twice as fast as the number of wealthy men.
There are more than half a million women with personal incomes of $100,000 or more.
Women represent more than 40% of all Americans with gross investable assets above $600,000.
45% of American millionaires are women.
48% of estates worth more than $5 million are controlled by women, compared with 35% controlled by men.
60% of high-net-worth women have earned their own fortunes.
Women control 80% of consumer spending.By 2030, women will control two-thirds of the nation’s wealth.
Almost half—44%—of women are the primary breadwinners in their households, an almost four-fold increase since 1960.
*Source: http://shurwest.com/2017/03/14/financial-facts-womens-history-month/
These numbers are impressive to say the least!
I don’t know about you but I am inspired reading these facts and feel proud and grateful to live in a time where women can start and build businesses, have more choices, and live with a day-to-day freedom that has never been experienced before.
To build upon this success...
I encourage you with my whole heart to stay in total awareness with your finances.To rise up and make it your priority to educate yourself about money, saving, investments, etc. so that you can continue to grow your wealth in your lifetime.To use this knowledge and share it with your friends, sisters, mothers, daughters, nieces…To use this knowledge and make the best decisions for you, your family, and your communities.
To be the one to dare to dream bigger, ask for more, and not blink an eyelash when doing so.
You are powerful. You are worthy.
All my love,
Brittney
MAKE A COMMENT BELOW IF YOU FEEL INSPIRED!
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I recently worked with a client who wanted to make more money. I first told her that to make more money, you first need to get clear on EXACTLY how much more money you want.
We reviewed her budget and financial strategy to calculate exactly how much money she wanted to have every month.
I told her to keep that figure clear in her mind. I told her to meditate every morning for 30 days straight on how it would feel once she had that amount. I told her to act as if and in her days feel as if she already had that amount.
I also told her to clean up her finances. When your finances are in order you create the space needed for more money to show up.
For my client, this meant: consolidating her accounts, eliminating subscription services she no longer used, and cleaning out her wallet and purse.
She followed all our advice. In our next review meeting, 30 days later, she told me that she got a new job offer with a higher salary and guess what?
The salary was exactly the number we had come up with in our meeting.
That is the power of the The Ultimate Money Mindset.
And this can be true for you too!
Here are the Top Three Tips to Create the Ultimate Money Mindset:
1. GET CLEAR
Get clear on exactly how much money you want every month. Know this number by heart. Post it where you can see it daily. Trust it will happen.

2. FOCUS
Meditate every morning with the focus on connecting to all the abundance in your life. Feel as if you already have the amount of money you want every month. Live from that place. Take action every day from that place. Become aware of the opportunities when they come into your life. For example: an unexpected side hustle, a promotion you can apply for, or new clients you can help. Speak up and do the work to show up every day with the mindset that you deserve and WILL have the money you desire.

3. CLEAN
Clean up to create the space needed for more money to flow into your life. That means everything, big and small. For example:

Clean out your wallet, organize it, wipe it down.
Organize your financial accounts, budget, systems, and files.
Pay off bills you’ve been holding on to.
Make calls to people and clean up money decisions from the past. 
Take the time to create a loving clean space with your money and see how good that clean energy feels.

leave a comment with THE ONE THING you are going to commit to this week to elevate your money mindset.
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Financially Wise Women by Posted By Brittney Castro - 1d ago

I am often asked, “How do I select the actual investments within my investment account?” The answer to this question is very specific to you, your goals, and your overall RISK TOLERANCE.
I recently read on Investopedia.com, that on average, women invest more conservatively than men. Over the long run, this can result in lower returns and greater risk of your assets not keeping pace with inflation.*
It’s important to understand your own risk tolerance and what that means as part of your overall investment strategy.
In this video I explore the three questions to ask yourself to help you better understand your own risk appetite.
To recap...
First question:
The first question you need to ask yourself is: what are you investing this money for? What is your goal? Is it for retirement, do you want to save money for college tuition for your children, is it to have more money ten years from now? You really need to define what the goal of this money will be. What is the purpose? Do that now.
Second question ….
The second question is: what is the timeline of this investment? Is it 10 years from now that you want to have the money available to you? It is next year? Or is it in 20 years? Defining the time and target date of this investment is key.
If it’s a short-term goal, chances are you are not going to invest the money at all as you are not willing to take on risk because you’ll need the money sooner rather than later.
If it’s a long-term goal, then you can take some risk and place your money into an investment account with a long-term growth strategy. This is where a financial planner can really assist you to make the best decisions for your investment strategy.
Third question …
The third and last question you should ask yourself is: what is my risk appetite? Just because the goal is 20 years from now, doesn't necessarily mean you are an aggressive investor. You have to know yourself and know your risk tolerance. From conservative to aggressive, where do you fall on the scale?
It’s best to deeply learn what risk means in terms of return, range, and fluctuation. Sometimes you might be more conservative just so that you can sleep better at night. Or maybe you want to be more aggressive sounderstand what that means in terms of risk and what to expect mentally, emotionally, and financially!
These are the three questions you need to start with. Everyone is so uniquely different and you probably need a professional to help guide you with your investment decisions.
After you’ve watched the video, I want to know: What do you think your risk appetite is?
Share the money love with your friends by taking a screenshot of this blog and tagging @brittneycastro in one of your InstaStories!
Go to https://www.financiallywiseinc.com/free-download to download your FREE Money Library!
Source: https://www.investopedia.com/advisor-network/articles/021517/25-investing-statistics-you-need-know/
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I was recently at Skimm HQs conducting a workshop and I was asked “Which investment account should I open?” This is such a great question and one I am asked often.
In an ideal world, everyone would be investing in a reliable plan to start saving the maximum amount of money for retirement. According to a Forbes survey, 71% of millennials are saving money for retirement either outside of the work or in a workplace plan.
Despite their savings, Millennials are a bit more conservative in their strategy compared to past generations.*
Watch this video to learn the difference between a 401K and an IRA. We’ll discuss risk tolerance and more in an upcoming blog!
401(K)
If you are working in a company, you will likely be offered some sort of retirement plan known as 401(k). If that is available to you, this is where you should start your investing strategy. The reason being, your company might match a percentage of your contribution. That is almost like getting free money. For example, your company might match up to 6% or up to 100% of your contribution. The goal would be to contribute at least the amount needed to get the full employer match.
IRA
If you are self-employed or your company doesn’t offer a 401(k), then you can open an individual retirement account (IRA). You can open an IRA at any financial institution that offers an IRA account. It’s as easy as 1-2-3.
1. Open an account
2. Add money into that account
3. Invest the money once it’s into the account
Depending on your job situation, and what’s available to you, you can decide between a 401(k) or IRA retirement plan. Once you decide, you can start investing for your retirement goal.
Bonus Tip
Get started now and make it automatic. Once you open an account, make automatic monthly contributions so you don’t have to rely on will power to make it happen.
After you’ve watched the video, I want to know: Which one is a better fit for you? 401K or IRA?
Share the money love with your friends by taking a screenshot of this blog and tagging @brittneycastro in one of your InstaStories!
Go to https://www.financiallywiseinc.com/free-download to download your FREE Money Library!
*Source: https://www.forbes.com/sites/andreacoombes/2018/03/13/millennials-are-good-at-saving-but-investing-not-so-much/#6c0584ae7266
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Financially Wise Women by Posted By Brittney Castro - 1w ago

According to @investopedia in the last 100 years, the U.S. stock market has returned on average 10.2% per year. So if you invested $1 in 1919, today you would have $17,820!
We all know how important investing for our financial future is, but a lot of people are still confused on where to start.
That is why I made this quick video just for you to help you get started on your investing journey.
With investing your potential for wealth is huge and the sooner you start the better. Here are some tips to get you started:
Start Learning About Investing NOW
Just like any new skill you have to dedicate some time and energy to learning about investing. I recommend going to Investopedia.com where there is a volume of knowledge about investing. I recommend setting aside at least 1 hour a week to learn more about the fascinating world of investing.
Make your Investing Automatic
Once you research a few online investing account providers and find the right one for you, make your contributions automatic. Even if its only $50/month. This will get you started on your investing journey. Review your contribution and accounts every few months and see if you can add more to your monthly contribution.
Research the Type of Investment Plans
Investments plans like 401(k) or IRA are ideal for investing your money for retirement. 401Ks are for those who have an investing plan where they are employed. This is great because often employers will match a percentage of your contributions.
IRA stands for individual retirement accounts. There are several kinds of IRAs: traditional IRAs, Roth IRAs, SIMPLE IRAs, and SEP IRAs. The key differences are whether you want to pay taxes on your earnings now or later. I will go into more detail about this in next week’s blog.
Real Estate, although more complicated than stocks and bonds, is another vehicle for investing. According to Investopedia article, A Real Estate Investing Guide, real estate in this country has consistently increased in value from 1940 to 2006. While there was a dip during the subprime mortgage meltdown of 2008 to 2010, it has now rebounded and has been increasing overall. Good news if you are ready to take the leap into real estate investing.
Overall, if you want to retire with money in the bank, you need to considering making investing a priority in your financial plan.
After you’ve watched the video, I want to know: What is your next move with your investment journey?
Share the money love with your friends by taking a screenshot of this blog and tagging @brittneycastro in one of your InstaStories!
Go to https://www.financiallywiseinc.com/free-download to download your FREE Money Library!
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Financially Wise Women by Posted By Brittney Castro - 2w ago

According to @investopedia in the last 100 years, the U.S. stock market has returned on average 10.2% per year. So if you invested $1 in 1919, today you would have $17,820!
We all know how important investing for our financial future is, but a lot of people are still confused on where to start.
That is why I made this quick video just for you to help you get started on your investing journey.
With investing your potential for wealth is huge and the sooner you start the better. Here are some tips to get you started:
Start Learning About Investing NOW
Just like any new skill you have to dedicate some time and energy to learning about investing. I recommend going to Investopedia.com where there is a volume of knowledge about investing. I recommend setting aside at least 1 hour a week to learn more about the fascinating world of investing.
Make your Investing Automatic
Once you research a few online investing account providers and find the right one for you, make your contributions automatic. Even if its only $50/month. This will get you started on your investing journey. Review your contribution and accounts every few months and see if you can add more to your monthly contribution.
Research the Type of Investment Plans
Investments plans like 401(k) or IRA are ideal for investing your money for retirement. 401Ks are for those who have an investing plan where they are employed. This is great because often employers will match a percentage of your contributions.
IRA stands for individual retirement accounts. There are several kinds of IRAs: traditional IRAs, Roth IRAs, SIMPLE IRAs, and SEP IRAs. The key differences are whether you want to pay taxes on your earnings now or later. I will go into more detail about this in next week’s blog.
Real Estate, although more complicated than stocks and bonds, is another vehicle for investing. According to Investopedia article, A Real Estate Investing Guide, real estate in this country has consistently increased in value from 1940 to 2006. While there was a dip during the subprime mortgage meltdown of 2008 to 2010, it has now rebounded and has been increasing overall. Good news if you are ready to take the leap into real estate investing.
Overall, if you want to retire with money in the bank, you need to considering making investing a priority in your financial plan.
After you’ve watched the video, I want to know: What is your next move with your investment journey?
Share the money love with your friends by taking a screenshot of this blog and tagging @brittneycastro in one of your InstaStories!
Go to https://www.financiallywiseinc.com/free-download to download your FREE Money Library!
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Financially Wise Women by Posted By Brittney Castro - 2w ago

According to a survey by NerdWallet, only 1 in 10 Americans (10.5%) check all the right boxes for financial health.*
I believe this is due to not taking enough time to review your financial life and learning key ways to maximize your results
I have an easy solution.
It's what I like to call a Money Date.
With any relationship, a connection needs to be nurtured, loved, accepted, and given attention.
In this video, I break down how to do a money date, making your relationship with your money strong and healthy.
Watch the video below to learn how to have a great money date.
To have a great money date, you need to follow four simple steps.
Step 1
To start, look at your calendar and decide which day and time of the week you can dedicate one hour to your money date.Make your money date consistent and recurring so that you can build a new habit.What day and time are you going to do your money date? Decide now and put it in your calendar on repeat!
Step 2
Know that life happens and you are always going to be “busy”. However, you need to decide right now that no matter what you will commit to doing your money dates. This requires you to care enough about yourself to stay committed. This may be tough to hear. When you don’t take care of your finances on a regular basis, it comes from a lack of caring for YOURSELF. YOU have the power to change this right now by committing to your weekly money dates. All you need to do is to stick to your money date no matter what. Do it even if you feel tired or restricted. This will change your energy around money and help you build a strong financial muscle for yourself.
Step 3
The third thing you want to do is have your list of activities that you go through on your money date. Here are my favorites but feel free to add your own...
Money Mindset.For 5 minutes, I read inspiring material around money or I repeat money affirmations. This puts me in an open, abundant, and receptive state. We have some GREAT affirmation slides in our Monthly Wealth Mastery Membership.
Review Budget. I will review my budget and spending from the previous week. I compare how much I spent versus what I had budgeted in particular areas. I also look ahead. Are there birthdays coming up or travel plans that I need to put money towards? If yes, I see what I can do this week to lower my spending so that I will have more money next week.
Pay Bills. Pretty self explanatory, but this is when I make sure I am current on all accounts and take care of any open invoices.
Review debts or investments.
I make sure everything is on track with my goals and there are no inconsistencies that I can take care of.
Reach Out To People. I may need to call my CPA, vendors, insurance policy holder, etc. to ask a question or gain clarity.
Celebrate! This part is key.
I celebrate all my wins every money date. Even sitting down to do the money date is a BIG WIN. This helps keep the momentum going.
Step 4
You also want to make sure that you bring good energy to your money date. Money can often stir up stress, worry, and anxiety. Notice these emotions WITHOUT judgement and feel what needs to be felt but don’t get stuck there, let it move.When you have your money dates create a fun, positive, and loving energy. You can play music, dance, light a candle, drink your favorite drink. Do whatever helps you create an optimistic atmosphere.
And that is how you have an GREAT money date!
I am curious to know... When are you having your next money date?
Love,
Brittney
P.S. Share the money love with your friends by taking a screenshot of this blog and tagging @brittneycastro in one of your InstaStories!
P.P.S. Go to https://www.financiallywiseinc.com/free-download to download your FREE Money Library!
*Source: https://www.nerdwallet.com/blog/studies/americans-financial-health/
The information on this site is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Financially Wise, Inc. disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement and suitability for a particular purpose. Financially Wise, Inc does not warrant that the information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall Financially Wise, Inc be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if Financially Wise, Inc or a Financially Wise, Inc authorized representative has been advised of the possibility of such damages. In no event shall Financially Wise, Inc have any liability to you for damages, losses and causes of action for accessing this site. Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
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Many of my clients are often wondering how to pay down their debts fast and save even faster. So, if you are thinking the same, then you are definitely not alone.
Do you want to know the best way to pay down your debt faster and save faster?
Well, my friend, its called automation.
Automation is the easiest way of saving money because as soon as you set it up, you are not thinking about it. It takes no more effort or decision making. It is done. It’s like another bill that automatically is deducted from your checking account so that you don’t even need to think or worry.
The best part is when you check back in (during your Money Date of course) and your savings are rising and your debt is falling. It is going to keep you excited because you are achieving your financial goals, without even trying! You are paying yourself first.
I have many clients that have their det and/or savings contributions withdrawn two times a month a few days after their paycheck clears in their bank account. It’s as though the money never existed, so they never feel a missing.
To learn even more, check out this week’s episode on paying down debt and saving even faster.
Some more tips on reaching your goals more quickly...
Minimize Your Interest Rate
On average, the interest rate of most of the credit card debt is 20% or more. Contact your credit card company and see if they are willing to lower your interest rate or see if there are better offers with lower interest rates if you do a balance transfer. You want to get your interest rate as low as possible. This step is worth every effort as high interest rates are often what keeps you stuck in debt.
Review Your Contribution Every Few Months
A lot can change in just a short amount of time. Review what you are contributing to your debt payoff and/or savings account. Can you increase the amount even just a little bit? Anytime you can increase what you contribute - do it!
Reduce Food Expenses
Most of us eat at least three times a day... reducing food expense can be a fast and effective way to add more money to your savings and/or debt payoff. You may be surprised once you track the amount you spend on food. See where you can decrease spending on food, such as high-end coffees for a yummy french press at home or try eating out to dinner only one time per week.
After you’ve watched the video, I want to know:
What is your next move with automating your finances!? What are you committed to doingWhat else do you want to know about this topic?
Share the money love with your friends by taking a screen shot of this blog and tagging @brittneycastro in one of your stories on the Gram!
Go to here to download your FREE Money Library!
Excited for your new automation adventures.
Love,
Brittney
The information on this site is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Financially Wise, Inc. disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement and suitability for a particular purpose. Financially Wise, Inc does not warrant that the information will be free from error. None of the information provided on this website is intended as investment, tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information should not be relied upon for purposes of transacting securities or other investments. Your use of the information is at your sole risk. Under no circumstances shall Financially Wise, Inc be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if Financially Wise, Inc or a Financially Wise, Inc authorized representative has been advised of the possibility of such damages. In no event shall Financially Wise, Inc have any liability to you for damages, losses and causes of action for accessing this site. Information on this website should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized.
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Financially Wise Women by Posted By Brittney Castro - 2w ago

It’s no secret that debt is on the rise in America. According to Northwestern Mutual, the number one cause of debt for ages 25-34 are credit card balances. For those ages 35 to 49, home mortgages are the number one source of debt.
One of the most common questions I get asked is “How much should I allocate toward extra debt payments AND still save every month into my cash cushion account?
It can be difficult to know where to start or what to do.
I’ll be the first to agree that holding debt makes saving that much more complicated. However, there are ways to make both paying off debt and saving for the future a possibility. I dive into this financial mystery in this episode. Enjoy...
SOME BONUS TIPS:
Which is More?
One of the first things you need to look at is the difference in what you're likely to pay in interest on the debt versus what you can earn on savings or investing. If your saving say $100 a month but paying $150 in interest on your debt the saving becomes a negative.
Prioritize Debt Reduction
Make a list of debts starting from highest to lowest interest rate. It is best in your favor to pay off highest interests first like credit cards and loans.
Take Steps Towards Saving
To start saving money, you need to think of reducing other expenses that you are paying for no reason. Cutting down all such expenses and making a list of things you need to pay for and how much you save in the end is one of the perfect things to review in your weekly money dates.
After you’ve watched the video, I want to know:
What is your next move with your debt and savings?What else do you want to know about this topic?
Share the money love with your friends by taking a screen shot of this blog and tagging @brittneycastro in one of your InstaStories!
Go to here to download your FREE Money Library!
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Financially Wise Women by Posted By Brittney Castro - 2w ago
Success leaves clues…
If you haven’t noticed this month I’ve focused on the mindset, rituals, and statistics about the average millionaire so that we (myself included) can be more firmly on the road to creating wealth.
One key pattern I have seen is that millionaires are in it for the long-game.
It’s not a quick sprint, it’s a marathon.
MILLIONAIRES KNOW FOCUS NOW MEANS BIG BENEFITS LATER
Thomas Corley of Rich Habits, showed that 86 percent of wealthy people who work full time put in 50 hours or more each week at their career. Millionaires aren’t easily distracted by new trends, shiny objects, negative perceptions of them, etc. They stay in their lane, they stay focused on what their vision is and let the noise just be noise. They are willing to master their emotions and thoughts so they can put energy towards what is meaningful to them.
MILLIONAIRES THINK “BOTH”
Corley’s research showed that millionaires often pursue multiple streams of income, with 65 percent having at least three streams, thereby diversifying their dependence on any one stream. This concept don’t just stop with their income. Rather than coming from scarcity, millionaires think abundance now and long-term. Let me give an example. Rather than what you were most likely taught… you can have the toy OR you can have the ice cream. Millionaires think HOW can I have BOTH the toy AND the ice cream. They stay out of the confinement of limitation and figure out ways to create more money, abundance, resources so they can have both the ice cream and the toy. An adult version of this might be to save money and also take a vacation.
MILLIONAIRES SAVE
From Spectrem study, on a 100 point scale, millionaires rated the importance of having a regular saving program at 82, reflecting their strong belief of its importance to their wealth. They often automate their savings process and save on average 23% of their income. Don’t worry if 23% feels like a punch in the gut. START WHERE YOU CAN.
I believe in you. I am in it with you! Let’s keep empowering each other.
Love,
Brittney
P.S. Want some extra motivation and clarity. Set up a discovery call with me by going here. We’ll discuss what your specific needs are and how to get you where you want to go!
Source: https://millionairefoundry.com/millionaire-statistics/

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