Alex Mwangi’s Post

𝗗𝗼 𝗬𝗼𝘂 𝗛𝗮𝘃𝗲 𝗔𝗻 𝗜𝗡𝗖𝗢𝗠𝗘 𝗢𝗿 𝗔𝗻 𝗘𝗫𝗣𝗘𝗡𝗗𝗜𝗧𝗨𝗥𝗘 𝗣𝗿𝗼𝗯𝗹𝗲𝗺? ➖ 𝗦𝗵𝗼𝘂𝗹𝗱 𝗬𝗼𝘂 𝗙𝗼𝗰𝘂𝘀 𝗢𝗻 𝗚𝗿𝗼𝘄𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗜𝗻𝗰𝗼𝗺𝗲 𝗼𝗿 𝗖𝘂𝘁𝘁𝗶𝗻𝗴 𝗬𝗼𝘂𝗿 𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝘀? Most financial advisors often preach the gospel of: 👉 Cut this and that expense! 👉 Never show your face in a restaurant. 👉 You should not even smell that Java coffee! Let’s just agree that some go overboard. In the end, you will feel constrained, shackled, and out of any options to enjoy your money. Anyway, life should be enjoyed! But, are these financial advisors wrong? Maybe, maybe not. Probably, you need to stop your reckless spending, or ➖ you might be having a different money problem altogether. One thing most miss out on is looking at the other side of the coin: Your income. There are two types of money problems: 1️⃣ 𝗔𝗻 𝗜𝗻𝗰𝗼𝗺𝗲 𝗣𝗿𝗼𝗯𝗹𝗲𝗺 You don’t earn enough to cover your needs or achieve your goals. The solution? ➖ Focus on increasing your income through better opportunities, side hustles, or skill upgrades. 2️⃣ 𝗔𝗻 𝗘𝘅𝗽𝗲𝗻𝗱𝗶𝘁𝘂𝗿𝗲 𝗣𝗿𝗼𝗯𝗹𝗲𝗺 You earn enough, but your spending habits outpace your income. The solution? ➖ Control your expenses by budgeting, cutting unnecessary costs, and living within your means. 💡 Both problems demand attention, but knowing which one you face is the first step to financial freedom. This debate is much like the diet vs. workout argument in fitness. Which one matters more? 🤔 The answer is simple: 𝗕𝗼𝘁𝗵 — but at different stages of your financial journey. 1️⃣ 𝗖𝘂𝘁 𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝘀 𝗙𝗶𝗿𝘀𝘁 (Short-Term Defense) 🛡️ When you are starting out or trying to regain control of your finances, cutting unnecessary expenses is your quickest win. ✔️ It helps you save more. ✔️ Frees up cash for emergencies or debt repayment. ✔️ Builds financial discipline. Think of it as tightening the leaks in your financial bucket. After all, it’s pointless to earn more if your money is just draining out. 2️⃣ 𝗚𝗿𝗼𝘄 𝗬𝗼𝘂𝗿 𝗜𝗻𝗰𝗼𝗺𝗲 (Long-Term Offense) ⚔️ Once your expenses are in check, the next step is increasing your income: ✔️ Upskilling or starting a side hustle. ✔️ Building passive income streams. ✔️ Leveraging investments to grow wealth. Growing your income allows you to aim higher—achieving financial goals faster, creating a buffer for luxuries, and building wealth that lasts. ➖ "𝗬𝗼𝘂 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗯𝗲 𝗮𝗴𝗴𝗿𝗲𝘀𝘀𝗶𝘃𝗲 𝘁𝗼 𝗺𝗮𝗸𝗲 𝗺𝗼𝗻𝗲𝘆 𝗮𝗻𝗱 𝗱𝗲𝗳𝗲𝗻𝘀𝗶𝘃𝗲 𝘁𝗼 𝗸𝗲𝗲𝗽 𝗶𝘁." - Ray Dalio 💡 The Key? - Balance. ➖ Focus on expense management for stability while pushing aggressively to grow your income. Over time, your income potential will outweigh the benefits of cutting expenses ➖ but the discipline of both ensures you thrive in any financial season. 👉 𝗦𝗼, 𝗪𝗵𝗲𝗿𝗲 𝗔𝗿𝗲 𝗬𝗼𝘂 𝗙𝗼𝗰𝘂𝘀𝗶𝗻𝗴 𝗧𝗼𝗱𝗮𝘆?

Valid question one must ask self that whether problem pertains to INCOME or EXPENDITURE?? Read this article to get clarity 👇👇

https://lnkd.in/gQ5pbkVx Considering adult responsibilities, one may wonder why individuals are not spending. Is the burden of debt and taxes imposed by banks and governments resulting in reduced disposable income, thereby limiting consumer spending? Men typically do not have the option to be full-time homemakers, as this role is often expected of women, who in turn have the choice between homemaking or career pursuits, given men's natural inclination to provide and protect. Fact: Being a homemaker is freedom (carefree, debts free, having leisure time a.k.a "me time", and boss of your home) and being a career woman is slavery (debt bondage, paying bills, serving a boss, serving customers, and boss of your house of solitude (mental prison). Solution? Being homemakers is full time work, and the government should value that? Wives subsidy pegged on half of husband's incomes and stipend for having kids (incomes without incurring debts).

🔍𝙒𝙝𝙖𝙩’𝙨 𝙃𝙖𝙥𝙥𝙚𝙣𝙞𝙣𝙜? Many people believe, “I’ll save more money once I make more money.” But here’s the reality: more income doesn’t automatically lead to more savings. In fact, without systems in place, a higher income often results in more spending - leaving you stuck in the same financial rut, just with a bigger paycheck. ❓𝙒𝙝𝙮 𝘿𝙤𝙚𝙨 𝙏𝙝𝙞𝙨 𝙈𝙖𝙩𝙩𝙚𝙧? It’s not how much you make; it’s how much you keep that builds wealth. · If you don’t budget now, a bigger income will only mean bigger expenses. · If you’re not saving when earning $50K a year, you likely won’t save at $100K or $500K. · More money doesn’t fix poor financial habits - it magnifies them. This mindset leads to stress, less wealth, and fewer options later in life. 🛠️𝙃𝙤𝙬 𝙩𝙤 𝙍𝙚𝙨𝙥𝙤𝙣𝙙? Stop waiting for a raise or promotion to get your finances in order. Build systems now: 1. Define your goals - know what you’re working toward. 2. Track your cash flow - balance needs, wants, and savings. 3. Automate savings and investments - grow wealth without thinking about it. 4. Plan for risks - protect yourself with the right insurance. 5. Make your money tax-efficient - keep more of what you earn. 🔑𝙆𝙚𝙮 𝙏𝙖𝙠𝙚𝙖𝙬𝙖𝙮: More money doesn’t solve financial problems; it only amplifies them. Financial peace of mind comes from having systems that: · Save intentionally · Invest wisely · Align with your goals The best time to start building these systems? Right now! Let’s talk about how financial planning can set you up for success! #Integrity #Investing #Stocks #Budget #Planning

The financial reboot: a guide to getting back on track Turn financial setbacks into comebacks Rebuilding yourself financially after setbacks or challenges requires a strategic approach. Here are some steps to consider: 1. Assess your situation: Start by evaluating your current financial state. Understand your income, expenses, debts, and assets. Identify areas that need improvement. 2. Create a budget: Develop a realistic budget that aligns with your financial goals. Allocate funds for necessities (like housing, utilities, and groceries), debt repayment, savings, and discretionary spending. 3. Prioritize debt reduction: Focus on paying off high-interest debts first. Consider strategies like the debt snowball (paying off smaller debts first) or the debt avalanche (tackling high-interest debts). Make consistent payments to reduce outstanding balances. 4. Build an emergency fund: Having an emergency fund provides a safety net. Aim for at least three to six months’ worth of living expenses. Start small and gradually increase your savings. 5. Increase income: Explore opportunities to boost your income. This could involve side gigs, freelance work, or career advancement. Consider acquiring new skills or certifications to enhance your earning potential. 6. Invest wisely: Learn about investing and consider long-term strategies. Diversify your investments across stocks, bonds, real estate, or retirement accounts. Seek professional advice if needed. 7. Live below your means: Cut unnecessary expenses and avoid lifestyle inflation. Save more than you spend to accelerate your financial recovery. 8. Monitor progress: Regularly review your financial situation. Celebrate small victories and adjust your strategies as needed. 9. Seek professional advice: If needed, consult with a financial advisor or credit counsellor. They can provide personalized advice and strategies to help you regain financial stability Remember, rebuilding yourself financially is a journey. Stay focused, and you'll achieve financial stability and success. #FinancialRebuilding #FinancialRecovery #MoneyManagement #PersonalFinance #WealthBuilding #MoneyTips #FinancialAdvice #MoneyMastery #BudgetingTips #CreditScoreRepair #AucklandRealEstate #RealEstateAgent

HOW MONEY BLOCKS CAN HAUNT YOU AND CREATE SERIOUS PROBLEMS IN YOUR LIFE? Money blocks, those subconscious beliefs about money that limit your financial potential, can indeed haunt you and lead to serious challenges in your life. These deep-seated beliefs often stem from our upbringing, cultural messages, or past experiences, and they can significantly affect how we handle and perceive money today. Money blocks are essentially negative beliefs about money that hold you back from achieving financial success. They can manifest in various ways, such as a belief that you don’t deserve money, that money is the root of all evil, or that it’s impossible to be wealthy and a good person at the same time. These beliefs can lead you to sabotage your own financial success unconsciously. How Money Blocks Affect Your Life? 1. Financial Avoidance You might find yourself avoiding dealing with money matters altogether—ignoring bills, not planning for the future, or never setting a budget. 2. Income Ceiling You could be subconsciously limiting the amount of money you allow yourself to earn. No matter how hard you work, you seem to hit a financial ceiling. 3. Debt Accumulation Negative beliefs about money can lead you to mismanage finances, often resulting in chronic debt. 4. Stress and Anxiety Constant worry about money can affect your mental and physical health, leading to stress, anxiety, and even depression. Recognizing these blocks is the first step toward overcoming them. Here are a few strategies to start breaking free: 1. Reflect on your financial behaviors and try to identify any patterns that might indicate underlying money blocks. 2. Educate yourself about financial management. Understanding money better can demystify it and reduce your fears. 3. Challenge and replace your negative beliefs with positive affirmations about money. For example, change "I don’t deserve money" to "I am worthy of financial abundance." 4. Sometimes, talking to a financial advisor or a therapist can help you work through your blocks and develop healthier financial habits. If you suspect that money blocks are holding you back, you don’t have to face them alone. Reaching out for help can provide the support and guidance you need to transform your financial mindset. Remember, it's not just about making more money, it's about creating a healthier relationship with money. I'm offering a free consultation to get started. Click the link below to schedule your session. 📆 Book a call with me https://lnkd.in/gBGeAXbG 📞 Call or text me at 510-899-5399 #WomanLife #MentalHealth #PersonalGrowth #Boundaries #Anxiety #Insecure #Childhoodtrauma #Toxic #Trauma #Burnout #SelfLove #Mindfullness #SpiritualCoach #LifeCoach #WorkPlace #Employee

𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: 𝐖𝐡𝐲 𝐓𝐡𝐞𝐫𝐞 𝐈𝐬 𝐍𝐨 "𝐎𝐧𝐞 𝐒𝐢𝐳𝐞 𝐅𝐢𝐭𝐬 𝐀𝐥𝐥" 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧💡 Managing your finances is more important than ever, with countless resources offering advice on how to handle money. It might seem like there should be a "universal solution", but managing money is deeply personal (hence the name 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 finance) and therefore varies from person to person. Let’s explore why there's no "one size fits all" approach to personal finance, and how our habits play a critical role in shaping our financial paths. 🛤️ 𝐖𝐡𝐲 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐭𝐭𝐞𝐫𝐬 🤔 Personal finance is unique to each individual. Here is why: Different Goals🎯: Everyone has different life goals, from retiring early to travelling the world or buying a home. Financial strategies must align with these personal aspirations. Varied Incomes 💵: People's earnings differ due to their careers, education, and circumstances. A strategy that works for someone earning six figures won't necessarily work for someone with a more modest income. Diverse Expenses💸: People have unique obligations, including debts, family responsibilities, and lifestyle choices. These impact how much they can save or invest. Risk Tolerance⚖️: Each person has a different level of comfort with financial risk. While some may thrive on high-risk investments, others may prefer the safety of savings accounts. 𝐓𝐡𝐞 𝐑𝐨𝐥𝐞 𝐨𝐟 𝐇𝐀𝐁𝐈𝐓𝐒 𝐢𝐧 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 🧠 Our financial habits significantly impact our financial health and the suitability of different financial strategies. 🧩Psychological Roots: Habits form as our brains look for ways to save effort and automate repetitive tasks, which is crucial in financial decision-making. 🌍Environmental Influence: Our upbringing influences our habits. People raised in frugal households might develop different financial habits than those who grew up in more spendthrift environments. 𝐓𝐡𝐞 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 𝐨𝐟 𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐇𝐚𝐛𝐢𝐭𝐬 ⚙️ Changing habits is difficult but essential for financial success: Resistance to Change🛑: Status quo is preferred. Time⏳: Developing new habits requires months of consistent effort. Emotional Barriers😟: Financial habits are often linked to emotions like fear, guilt, or anxiety, making change difficult. Conclusion 🎉 Personal finance is a deeply personal journey, linked to individual circumstances and habits. By understanding and leveraging our habits, we can develop personalized financial strategies that resonate with our goals and values. Embrace your individuality, assess your habits, and create a financial plan that truly fits you. 🚀 ----- If interested in my services, feel free to DM me!

The financial reset button: get unstuck and move forward Get unstuck, get ahead and start living! Take time to think about what matters most to you. Your financial advisor can help you make a plan to bring these goals to life. Getting financially unstuck usually starts with understanding why you're stuck in the first place. You can then lean on your financial team to find your way through it. Getting unstuck financially requires a combination of strategies that address your financial habits, mindset, and situation. Here are some steps to help you get unstuck: 1. Face the reality: Take a close look at your financial situation, including debts, expenses, and income. 2. Identify the root cause: Understand the reasons behind your financial struggles, such as overspending, job loss, or medical emergencies. 3. Create a budget: Develop a detailed budget that tracks your income and expenses. This helps you manage your money better and identify areas where you can cut costs 4. Prioritize needs over wants: Distinguish between essential expenses and discretionary spending. 5. Build an emergency fund: Save 3-6 months' worth of living expenses in a readily accessible savings account. 6. Switch to cash: Paying with cash instead of credit or debit cards can make a difference. Try the envelope method: divide your cash into different envelopes for different spending categories. When an envelope is empty, stop spending in that category for the month 7. Increase income: Explore ways to boost your income, such as a side hustle, freelance work, or salary negotiation. 8. Change your routine and habits: Identify areas where you sabotage yourself financially. Adjust your routine—for example, cook at home instead of eating out or find less expensive weekend activities. Small changes can add up. 9. Find a support system: Cutting back on spending or working extra jobs can be tough. Having a supportive network can make a difference as you make financial changes 10. Stay disciplined and patient: Getting unstuck financially takes time, so stay committed to your plan. 11. Get a second opinion: Sometimes an outside perspective can help. Reach out to a family member, friend, or consider visiting a financial counselor to assess your goals and budget Remember, getting unstuck financially is a process. By addressing the root causes, creating a solid plan, and staying committed, you'll be on your way to financial stability and success. #FinancialFreedom #FinancialReset #MoneyManagement #DebtFree #FinancialIndependence #MoneyMindset #FinancialComeback #FinancialSuccess #MoneyMastery #GetAhead

The Worst Financial Mistake You Should Never Make! Never fall into this trap! The weekend is here and after covering a series of money mistakes I've realized there's one trap that slays most people's financial future. What is the mistake? The trap is Giving Up! Truth be told, our financial journey is about rebuilding. There are times you will have to collect the pieces and reconstruct. Every successful business person will tell you that at some point their business was going under but they never stopped there. They developed a plan to help them rescue their legacy and that's why it's up and running today. So, if your head is buried in debt from friends and financial institutions don't throw in the towel. Instead, contact a coach to help you draw up a payment plan that suits your needs. If your business is in survival mode and you're struggling to cater to your recurring expenditure, talk to me so we can explore the different solutions to salvage your venture. And if you are broke in your 40s it's not time to wallow in self pity. You need to get sober financial assessment and guidance to rebuild your financial future. But the moment you give up and follow the crowd that believes they can never make it you sabotage yourself. And at this point there's nothing that anyone else can do to help you. Unfortunately, financial challenges and hurdles affect people across all ages. This means anyone from 20 to 50 years old gets hit by numerous challenges. However, it's a personal decision to give up or find a solution to your problem. Signs That You've Given Up 1️⃣ You don't care about your financial life anymore. 2️⃣ You complain endlessly that the economy is unfavorable for anyone to succeed. 3️⃣ You always fault your financial status on the government or family. 4️⃣ You don't budget - you spend money anyhow. 5️⃣ You don't have financial goals (short and long term). 6️⃣ You've handed over control of your money to an addiction like gambling or alcohol. 7️⃣ You think financial coaches are overrated. 8️⃣ You do nothing about your poor financial status. If you are in this position, you must understand that the first step towards a successful financial journey is the ability to bounce back. Look for solutions to your money challenges. This is how you'll witness a shift in your life. Not certain where to start after a great financial blow? Call me via 0703472299 or email me at [email protected] today for expert guidance.

What Does It Mean to Be Financially Responsible? 💡 At its core, financial responsibility is about living within your means—spending less than you earn. Here's how to achieve it: ✅ Use Credit Wisely: Pay your balance in full each month. Avoid using credit to make ends meet or accumulate unnecessary interest. ✅ Minimize Interest Payments: Interest costs you extra—save for necessities and focus on reducing debt. For large expenses like homes and cars, stick to affordable options. ✅ Save First: Pay yourself income before bills. Invest strategically to grow your savings and take advantage of employer matches in retirement accounts. ✅ Build an Emergency Fund: Be prepared to cover at least six months of expenses to handle life’s surprises. ✅ Stick to a Budget: Know where your money goes and make intentional spending choices. Finally, don’t chase others’ lifestyles—focus on your needs and goals. Financial responsibility looks different for everyone, but it always starts with mindful spending and saving. 💵 #FinancialResponsibility #Budgeting #Saving #Investing #PersonalFinance