Mondays just got even better.
Mondays were already one of my favorite days of the week because that's when I go live with the members of Power Trades University for 2 hours, searching for potential trades.
But it. just. got. sweeter.
Why?
My good friend Cat Alford and I launched a BRAND NEW free live series on YouTube, called "Money Mondays".
The first episode aired July 13th, 2020.
Cat Alford is a nationally recognized Financial Educator who partners with top brands to educate, encourage, and inspire people to take a more active financial role in their families.
We both offer a unique perspective on all things money.
And this first episode...
Was EXPLOSIVE.
We took a stroll on memory lane to encapsulate the struggles we both went through to get where we are at today. We broke down why looking at the numbers helped us claw our way to financial success, with hard work and a non-emotional approach to finances fueling our way.
Take the trip with us. And don't forget to check out next week's LIVE show on YouTube (click here).
Prefer to watch on YouTube to see the comments? Click here.
And if you aren't subscribed to my channel for weekly videos - click here.
Connect with Catherine Alford
Website: www.catherinealford.com
YouTube: www.youtube.com/catherinealfordtv
Facebook: www.facebook.com/catherinecalford
Instagram: @catherinecalford
We Are in the Trenches with You
One thing we wanted to be sure to address is credibility as educators.
If anyone has told you that they would be a good coach for you because they have never ever lost any money and neither will you - back away slowly because they are 100% lying to you.
One reason why I have clout to teach is because trust me - I have lost money. I have tucked my tail between my legs and moved back in with my mother when I lost a large sum of money back in the day.
Cat explained that when she got started she kept her living expenses to $12,000 a year. She grew from just $1,000 a month.
In the same vain, we also broke down why it's important to surround yourself with others who think about their finances differently.
Surround yourself with others who are rich - not just with money, but with time and with goals.
(*Ahem ahem* Join our free Facebook group "Money Markets & Mindset" if you're not sure where to get started. Click here.)
Theres Power in Crunching the Numbers
A big element a lot of new entrepreneurs, traders, investors, people who want to be financially free.... do not take into account is just that: ACCOUNTS.
You have to throw out emotion and approach your future logically with the numbers.
When I was in debt, I calculated how long it would take me to dig my way out of it if I just only had my 9-5 job.
And here was my key: I needed to live below my income, and invest and use that money to get out of debt. That's exactly what I did.
Then when going full-time with my business and investing, I made sure I consistently met my goal number. It needed to be met to ensure financial security for my family before I quit my job.
Same with Cat: She and her husband were willing to invest in his education to become a doctor. Why? Because they crunched the numbers.
They found that the investment had a large return in the form of his future salary.
When Cat quit her job - she waited until her side hustle consistently made MORE money than her day job for six months in a row. Then it got upgraded to her Prime Hustle.
YOUR TURN:
Stop and think: What are your ultimate financial goals?
How much money do you consistently need to make per month to get there?
What avenue are you going to use to get there (i.e: side business, investing, trading, real estate, etc)?