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Show Notes
The 5 Pillars
Welcome to the Investor Mama Podcast, money conversations with a mom’s touch. I’m your host Jen Narciso and I cannot wait to connect with you! My goal is to educate, motivate, and inspire you on your own money journey. I will do this by providing valuable and engaging content each week through my amazing guests. In this episode, I give you a little bit of background on myself and go into the 5 pillars or the foundation of Investor Mama. This way you can get to know me a little bit better and provide a framework for the show.
1. Anyone can get out of debt
I truly believe that anyone can get out of debt. What’s in the past, in the past, and you can change your financial future. If you are in debt or you feel overwhelmed or burdened by money, I do believe that it does not predict what your future wealth will be. You can still create a wonderful money story for yourself.
2. Spend less than you make so you can invest the difference
I believe you need to spend less than you bring in. If not, then you have to figure out a way to cut your expenses or make more money.
If you are living paycheck to paycheck or worse, you’re living on credit cards or you’re spending even more than you earn, that’s not going to help you reach your money goals. We need to figure out a way to change it and there are really only two ways to do it.
You can either decrease your expenses, but that will only take you so far. Or, you can earn more and there are lots of ways to do that through side hustles, businesses, real estate investing, investing in index funds, and so forth.
3. Set an example for the next generation by having your own financial house in order
I really, really believe, especially as moms that we have to get our financial house in order so that we can be an example for the next generation.
There are little eyes watching us, whether they’re our own children’s or somebody else’s. If we’re in debt and view money with a scarcity mindset, they’re going to grow up and have those same negative thoughts about money. I rather our children have an abundance mentality on wealth creation and being able to achieve their dreams, I want them to have big goals, go after whatever they want in life and actually achieve it. I believe they can do that too, but need to see me have my financial house in order first. Actions speak louder than words.
4. You deserve to be wealthy and can do it
I believe that you deserve wealth and abundance to create the life you want. You deserve to have time freedom and financial freedom. The issue is whether or not you believe that or not.
If you do not believe you deserve it, that’s something we’re going to have to change in your mindset and your attitude. However, I truly believe that you deserve wealth and can and actually go out and create it for yourself. You just need the right tools in your tool belt on how to get there and be educated properly,
Money isn’t taught in schools and if you don’t talk about it in your homes and your parents didn’t raise you to learn about money and how money works, why be so hard on yourself? It’s not your fault. And so we’re going to change all that.
5. There are many ways to be a mom
Number five is very important to me. The Investor Mama Podcast is geared towards moms, but I want to be very clear on how I how I define a mom. I believe that you’re a mom if you have kids, if you’re struggling to have kids, if you have an angel baby or multiple angel babies, if you have babies that are not your own, or choose not to have kids, but maybe you are perceived as a mom to somebody else. If you fit into any of these categories, I believe you’re a mom and you deserve to have financial freedom, financial independence, and to have more time, more money, do all the things that you love and enjoy.
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