Erika Taught Me

10 steps towards financial wholeness | Tiffany Aliche

Nov 21, 2023

Financial educator and bestselling author Tiffany Aliche shares 10 steps towards financial wholeness, including budgeting, side hustle tips, building a financial team, insurance importance, and finding the right financial advisor. She discusses her personal experiences with scams and financial struggles, and emphasizes the significance of balancing work and family.

01:21:20

Episode guests

Tiffany Aliche

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Quick takeaways

Financial wholeness focuses on mastering ten key components of personal finance to ensure stability and a good quality of life, rather than solely on attaining wealth and financial freedom.

Creating a budget is crucial for achieving financial wholeness as it helps individuals take control of their money, make intentional decisions, and align their spending with their goals and values.

Increasing income through negotiation, side hustles, and skill development is an essential aspect of financial wholeness, as it provides more opportunities for achieving financial stability and reaching goals.

Teaching children about money from a young age and gradually introducing budgeting principles and financial team concepts can help instill financial responsibility and independence in them.

Deep dives

The Importance of Financial Wholeness

Financial wholeness is a term coined by Tiffany Aliche, founder of the Budgetnista, as an inclusive and realistic alternative to financial freedom. While financial freedom focuses on attaining a certain amount of wealth and not having to work anymore, financial wholeness emphasizes mastering ten key components of personal finance to ensure stability and a good quality of life. These components include budgeting, savings, credit, debt management, learning to earn, retirement and wealth investing, insurance, creating a financial team, net worth, and estate planning. By focusing on these aspects, individuals can achieve financial stability, take care of their families, and leave a legacy, even if they don't become millionaires.

Investment Scheme, Sponsor Message, and Financial Struggles

03:45

Importance of Insurance, Investing, and Dating and Money

02:58

Introduction

2min

The First Step towards Financial Wholeness: Budgeting and the Difference Between Financial Freedom and Financial Wholeness

3min

Financial Wholeness and Budgeting

13min

Tips for Increasing Income through Side Hustles

9min

Investment Scheme, Sponsor Message, and Financial Struggles

4min

Building a Financial Team and Planning for the Future

14min

Importance of Insurance, Investing, and Dating and Money

3min

Ensuring Independence for a Stay-at-Home Partner

2min

Finding the Right Financial Advisor

27min

10.

Balancing Work and Family

6min

#59: Tiffany “The Budgetnista” Aliche, is a financial educator and New York Times bestselling author of ‘Get Good with Money’. In this episode you will learn:

• The difference between financial freedom and financial wholeness

• 10 steps towards financial wholeness

• The financial scam to avoid

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