Are You Financially Well?
I recently mentioned to a friend, that it seems like yesterday when I celebrated my 60th Birthday. In a few weeks, I will celebrate year 61. Like many women my age, thoughts about the future are more pronounced than they were in my younger years. The things that are important to me at 60 plus, are different than the things that were important to me in my 30’s. One area of wellness that is more important than ever, is financial wellness. As my financial planner, Frank Arnold, Sr. of ICI Financial Services, always says, “the only thing worse than dying young, is out living your money.”
In fact, money is an area of health and wellness that touches every area of our lives. The Bible teaches us “Money answers everything.” Ecclesiastes 10:19. Money is the medium of exchange and a tool that meets our needs for food, clothing, shelter, education, generational wealth building, and serving others.
Because April is Financial Literacy Month, I have focused my thoughts on what it means to be financially well. It means having a sense of security and stability in one's financial situation, as well as the ability to meet current and future financial needs and goals.
Overall, financial well-being is about achieving harmony between enjoying life now and being prepared for unexpected challenges that may arise in the future. It's a holistic approach to managing money that encompasses both short-term and long-term financial needs and aspirations.
This month, I invite you to think more deeply about how you spend your money, and how money serves you, your family, church, and the communities to which you are called to lead and serve. I further invite you to join me on the Harmonize Your Life Podcast with my guests, Brandi Gamble, Co-Author of the Design Your Wealth Mindset and Mia Hawkins, CPA, and Associates.
Join me in conversation with these women who are professional financial coaches and experts discussing financial strategies and ways women can secure themselves financially through education and career advancement, budgeting, savings, emergency funds, debt management, investments, retirement funds, protecting income and assets, estate planning, long-term care planning, financial literacy, and advocacy.
Financial wellness is vital at every age. Securing financial stability as women age involves several key steps and considerations. No matter what financial mistakes we have made in the past, it’s never too late to become financially well. By taking proactive steps to manage finances, women can enhance their financial security by setting realistic financial goals, creating a stable and comfortable retirement, and enjoying the benefits of financial freedom and wellness.
See you on the HYL Podcast!
Dr. Toni