Kiana Danial, CEO of Invest Diva, shares insights on taking control of our money, achieving financial freedom, and building generational wealth. She discusses the relationship between money and individuals, the power of compounding, and how anyone can start investing. Also discusses convenience and earning more money through HelloFresh and Factor. Shares tips on gaining confidence in investing for women entrepreneurs.
Investing in yourself and continuously learning new skills can increase your cash flow and boost confidence in investing.
By hiring your children and investing in high-quality companies or ETFs on their behalf, you can create generational wealth and set them up for financial success in the future.
Deep dives
Investing in Yourself
One key point from the podcast is the importance of investing in yourself. By continuously learning new skills and generating income streams, you can increase your cash flow and have more money available for investing. Celebrating every step along the way and gaining knowledge will boost your confidence in investing.
Steps to Start Investing
The podcast provides an actionable plan for getting started with investing. First, identify companies that you are a raving fan of, as they may be publicly traded. Research their stock symbols and open a brokerage account with a platform like Robinhood or TD Ameritrade. You can then begin either actively investing or dollar cost averaging, taking advantage of the market's current sale prices.
Building Generational Wealth
The episode highlights the importance of building generational wealth and passing on opportunities to the next generation. By hiring your children and paying them an income, you can create a tax deduction and open a Roth IRA for minors. Investing in high-quality companies or exchange-traded funds (ETFs) on their behalf can set them up for financial success in the future.
Shifting Money Mindset
The podcast emphasizes the need to shift our mindset around money. Money is seen as energy and should not be associated with guilt or scarcity. By reframing our relationship with money and celebrating even small steps in our financial journey, we can increase our confidence and attract abundance into our lives.
Hot take: It’s not BAD to LOVE money! Money is the lifeblood of any business, and managing it effectively is the key to success. Kiana Danial, CEO of Invest Diva, wants to help you avoid the common pitfalls that many entrepreneurs fall into and provide you with actionable insights to avoid them!
Kiana is a visionary “mompreneur”, founder and the creator of the Invest Diva movement. Known as the “Queen of Wealth Creation,” she is a six time author, including the Wall Street Journal, Amazon, and USA Today bestselling book Million Dollar Family Secrets.
She personally manages her family’s multi-million dollar investment portfolio that she started with only $500 and coaches her students to make their money work for them without relying on money managers.
In this episode, she’s teaching us how to take control of our money, and there are SO many nuggets of wisdom on how we can achieve financial freedom and start building generational wealth for our families!