You explained things in a very simple way and it feels inspirational to hear that many of our behaviors around money are actually inherited and influenced by our surroundings.
Great article and thanks for the motivation boost to change mindset first!
Keep this education going! My parents recently got divorced and my dad handled all of the finances, as that was his line of work. But I now sadly see my mom so baffled when it comes to managing all of this. Things like home insurance, car insurance, and property taxes are all so confusing for her. I’m a finance major, so I’m happy to help her, but I start thinking, how many other women out there are just like her?
Thank you for sharing Mia, so helpful and inspiring to have all of this information in one post! Just a question, would you recommend fully completing the emergency fund before investing, or simultaneously like explained in the 4 C's?
It depends on your situation, for example when I started investing at uni and living at home a fully funded emergency fund wasn’t as essential but if you have a mortgage etc or more financial obligation then yes definitely. As a rule of thumb most would say have at least 3 months and not investing anything you need within 5 years is a good idea.
Love this Mia. I urge people to question and understand why they spend the way they spend - that is when everything changes. Are you buying a Ferrari for yourself, or just to show others you can afford it? Are you buying a Rolex for yourself because you genuinely think the quality is worth the price, or so that you can show other people your status? Wealth starts from a secure mindset.
Brilliant reset framework, Mia! As Madam Finance, I love how you link frugal chic to real independence. Pay yourself first, automate everything, and stay consistent.. Saving £100k+ by 25 is inspiring.
You explained things in a very simple way and it feels inspirational to hear that many of our behaviors around money are actually inherited and influenced by our surroundings.
Great article and thanks for the motivation boost to change mindset first!
Thank you!
Keep this education going! My parents recently got divorced and my dad handled all of the finances, as that was his line of work. But I now sadly see my mom so baffled when it comes to managing all of this. Things like home insurance, car insurance, and property taxes are all so confusing for her. I’m a finance major, so I’m happy to help her, but I start thinking, how many other women out there are just like her?
Thank you for sharing Mia, so helpful and inspiring to have all of this information in one post! Just a question, would you recommend fully completing the emergency fund before investing, or simultaneously like explained in the 4 C's?
It depends on your situation, for example when I started investing at uni and living at home a fully funded emergency fund wasn’t as essential but if you have a mortgage etc or more financial obligation then yes definitely. As a rule of thumb most would say have at least 3 months and not investing anything you need within 5 years is a good idea.
This was really helpful!
Love this Mia. I urge people to question and understand why they spend the way they spend - that is when everything changes. Are you buying a Ferrari for yourself, or just to show others you can afford it? Are you buying a Rolex for yourself because you genuinely think the quality is worth the price, or so that you can show other people your status? Wealth starts from a secure mindset.
Cracking article Mia! 👏👏
Brilliant reset framework, Mia! As Madam Finance, I love how you link frugal chic to real independence. Pay yourself first, automate everything, and stay consistent.. Saving £100k+ by 25 is inspiring.
Automated cash ISA payments immediately on reading! Thanks Mia 🙏