In this solo episode of the Journey to Launch Podcast, I break down how to navigate the financial turbulence caused by recent economic changes. Whether it’s the unpredictable stock market, rising costs, or job insecurity, I’ll walk through the 2 intangible and 4 tangible steps you can take today to protect and grow your money. You’ll obtain actionable strategies that will help you feel more in control during uncertain times.
Key Takeaways:
- Mindset & Habits: Slow down, don’t panic. Regularly check in on your finances to stay grounded and make informed decisions rather than reacting emotionally.
- Income: Evaluate the stability of your industry and job. Consider upskilling or starting a side hustle to boost financial resilience.
- Expenses & Assets: Trim non-essential spending and pause major purchases. Prioritize building your emergency fund—even in small amounts—and keep cash accessible.
- Debt Management: Stay on top of your debts. Focus on minimum payments, avoid taking on new liabilities, and explore options to negotiate if needed.
Other Links Mentioned in episode:
- Get the FIRE Calc Tool For Yourself Here.
- Join the Journey to Launch Book Club to dive deeper into financial freedom with guided discussions and resources here!
- Get your copy of my book: Your Journey To Financial Freedom!
- Join The Weekly Newsletter List to get updates, deals & more!
- Leave Your Journey To Financial Freedom a review!
- Get The Budget Bootcamp
- Check out my personal website here.
- Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast!
- YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link.
- What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here!
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