
Why Every Woman Should Learn How to be Financially Stable Independently and How I Learned in My 20s
About this episode
#316: Financial stability and independence is empowering, especially for women. It's not about not wanting to rely or depend on others, but rather, creating a beautiful life for yourself, on your own terms.
Stability in anything, comes from a deep understanding of what makes it unstable. In financial health, that is knowing how to actually spend wisely, how much to actually save in cash, and where to put the rest of your money.
On this episode, Emily Elizabeth dives into...
- Being savvy with credit cards and preventing debt accumulation
- How much to aim for saving in a high-yield savings account
- Investing long-term beyond your typical 401(k) and how to compound the value of your money 5-10+ years from now
- Why it's easier to learn all of this now (in your 20s and 30s), versus waiting well into your 40s and 50s
- Alternatives of relying on someone else financially and the potential risks that come with this if you think super long-term, 5+ years down the line
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