When her husband found out that she had been hiding $30,000 in credit card debt, Solomon had to deal with her spending habits and explore her fear of managing her money.
1. Get steps in place to build financial independence
When it came time for Solomon to use her credit, she was informed that she didn’t have enough credit. She had purchased her home and cars through her spouse’s credit or business and had credit cards but failed to work on her personal . Alarmed by this information, she feels compelled to share it to help other women build their financial identities.Solomon quickly realized her relationship with her business finances also needed improvement as a business owner herself. She recognizes the importance of financial planning in her business and understands how proper planning helped her build a successful and profitable business.
The bottom line is that positive financial health will affect your life in so many ways. Your stress will be reduced, thereby lifting a physical toll on your body. Your financial confidence will improve, and your wealth will improve along with it. Financial literacy is worth the time it takes to invest, and you will see a positive return on that investment when you apply the methods and strategies for wealth building.