In this episode, we chat with personal finance expert and author, Lynnette Khalfani Cox, who discusses how to overcome financial setbacks and adversity. She outlines 10 common challenges people face that negatively impact them financially & emotionally, which she calls the "dreaded Ds". Lynnette provides us with some key strategies for bouncing back and assures us that there are always ways to recover and build resilience after a setback; focusing on your mindset and emotional health is the first step.
In this episode you will learn:
- Strategies for bouncing back such as: Leveraging your network & connections to find opportunities, cutting expenses and finding ways to earn extra income, prioritizing your goals and tackling them one at a time + others.
- A breakdown of the 10 common challenges people face that impact our money- the dreaded D’s
- Examples of how to switch & save money in areas like healthcare, food, phone bills, & childcare.
- How discrimination in housing, jobs, and lending can significantly impact someone's financial situation + more
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