I’d like to help as many women as possible escape that fate.
For our?visitors and subscribers, here’s a bit about me, Leah Little, and the Money Diva project:
We’re dedicated to a?mission focused on?educating, training and motivating middle-aged, middle-class women to successfully manage their money so they too can have the peace-of-mind that comes from attaining financial freedom.
Maybe I should explain how I got to be a Money Diva and why I? want to help you become one too?
I grew up in a loving home as a very appreciated oldest child – born during the peak year for baby boomers. Both my parents had college degrees and had big dreams for their future.?Unfortunately, they were lousy money managers.?
From when I was in grade school, I remember the credit card games – which store we shopped in depended on which card had available credit. Decisions about big-ticket purchases were made without much research and often resulted in buying high and selling low!
My father quit a very secure job and started a company that failed and that led to his (first) bankruptcy. He bought a large run-down apartment complex (as a novice real estate investor) that was quickly repossessed by the bank and he and mom were fertile targets for any kind of MLM scam/dream.
As a teen, I was fixated on being independent. I started working a job when I was 15 and got my first car and apartment when I was 17. As soon as high school was over, I moved to Los Angeles to attend the Fashion Institute and work in the retail fashion business.
My parents continued their downward economic trajectory. When I got married, not only did my fiancee and I pay for the wedding, I had to arrange for a place for my family to stay (they managed to fly out on airline reward miles) and buy my sister’s bridesmaid dress.
Choose A Different Financial Path
Thankfully, my new husband had a more successful financial blueprint to draw from – one that valued security instead of wild risk-taking – and we agreed to follow that plan. Our version included military service abroad.
When we returned to the U.S., I took my young children to visit their grandparents and we landed right in the middle of a huge financial?mess my father had created. This one involved a federal fraud conviction, foreclosure on the house my mother had bought with money she inherited from her parents, bankruptcy (again) and finally, I had to drop my father off at a federal prison. Within four years, my father was dead and my mother was renting a room in another widow’s house and working 10 or 12 hours a day to keep herself fed and clothed.
Eventually, we were able to buy her a small condo where she lived the last few years of her life, relatively well taken care of. We were able to do that, without sacrificing our kid’s educational funds or our own home and retirement investments, because we followed a few basic, time-tested financial principles, including:
- Live on less than you make
- Pay yourself (savings) first
- Invest in income-producing education and assets
- Carefully weigh the risks and rewards of economic decisions
- Always have a Plan B and an emergency fund
Can’t say we’ve always had a smooth ride economically, (who does?), but as we have matured, we now enjoy the fruit of the sacrifices and the careful decisions we made. Including the B.S. in Business (emphasis in finance and investing) I earned from CSUN plus some additional training as a financial counselor.
So, when I look at all my blessings and ask myself what I have to give to others, these lessons in money management and wealth creation make Financial Life Coaching and Education?seem like the perfect?use of my skills and talents.
There are so many ways people today can get off track with their money in the 21st-century economy!
And, since it’s not all about the money but about living financially free, I get a real charge seeing the big improvements clients and customers make when they follow this?well-worn path.
But first, a?disclaimer:
Just so we’re clear on what to expect…
I am not a licensed/certified financial advisor or insurance agent (salesperson), but I have served as a fiscal consultant to a variety of businesses in the financial services and education industry since 1997.
Or since 1979 if you count when I first learned financial management while working for a large retail chain.
I don’t intend to sell you any financial products or attempt to manage your?money for you.
I may?collect a small commission on a financial product or service discussed on this blog but I never endorse a?product or service to earn a fee. Any positive reviews are my independent opinion and come with clearly marked prices and have?a value that exceeds the cost and includes a?100% no-risk satisfaction guarantee.
I get paid to work with people who want to be financially free, via 1-on-1 coaching, in groups and in classes (live and online) to help them achieve their financial goals.
If that sounds good to you, start with the Money Divas by entering your name and email in the opt-in box. You’ll receive notices of new postings, classes (free and paid), special events, and additional financial information that will, if you act on it, improve your financial life – no strings attached.
If you’d like a little guidance, hand-holding and accountability focused on getting your money matters on track, I’m here to help. Whether it’s an article on my blog, a short course that gets you moving or a more in-depth group or private program, I’m here when you’re ready. A good place to start is the Free Money Quiz I’ve put together at:?MoneyDivaIQ.com. Answer the 25 questions (some may take some thought and/or calculations) and see where you’re strong and where you want to improve your financial skills.