067: How to reach financial freedom – with Lisa Linfield

It’s all about money, and how to reach financial freedom. Brick by brick, we’ll bash down the walls and the stigma against openly talking about our money, educating ourselves as leaders in our industries, and simplifying things once and for all.

This conversation builds on the recent podcast episode, where we talked all about money with Hilary Hendershott.

My special guest today is a board Certified Financial Planner, who will be sharing a few simple, practical tips that you can test out today in your work and in your life.

Let’s have an open, honest conversation today about money, and how to reach financial freedom. You in?

Lisa Linfield is simplifying how to reach financial freedom

In this episode, you will learn:

• Why we as women (sometimes) struggle to talk about our finances with others and how to open up about it
• Lisa’s 3 steps in how to reach financial freedom
  • Financial independence (knowing you can generate the income you need to meet your basic living needs)
  • Financial freedom (explore and invest wisely into your wants and needs)
  • Financial resilience (how to keep your finances safe when curveballs happen in life)
• It’s all about… “Make Money, Invest it and Protect it”
  • We explore the common mistakes in each of these
• To protect yourself financially before, and through a divorce
• What stops people from drafting up a will, and how to get past that fear
• The biggest mistake Lisa sees female small business owners make (financially), and how to avoid it

This continues our series in simplifying money on The Simplifiers Podcast and I hope you gain value from these sometimes tricky conversations. As Lisa says, “The biggest gift you can give yourself is financial peace of mind.”

And it all starts here.

#DoTheThing!

Links, books and apps mentioned:

Episode: How to save for retirement when you’re self-employed – with Hilary Hendershott – The Simplifiers Podcast

Link: Maslow’s hierarchy of needs

Article about FIRE (financial independence retire early): 5 things to take away from the fire movement (even if you don’t want to retire early)

Tool: Mint – budget tracker

App: Monzo – online banking in the UK – sign up for a free Monzo account using this link and we both get £5!

Book: Getting Things Done: The Art of Stress-Free Productivity – David Allen

Link: Working Women’s Wealth episode on Divorce and Money – podcast host Lisa Linfield

Book: Feel the Fear . . . and Do It Anyway – Susan Jeffers Ph.D

FREEBIE: 16 Must haves for peace of mind – Lisa’s checklist of the 16 things you need to have in place to have peace of mind financially. Go through the list to get a sense of what you need to work on, and then prioritise just 1 of them. Get that done, tick it off, and then focus on the next one. The biggest gift you can give yourself is financial peace of mind.

Favorite quotes from this episode:

[15:46] “The amount of money I need for financial freedom and the amount of money you need for financial freedom are totally different.” – Lisa

[17:29] “For 94% of us, getting to a sense of freedom, where you can choose to give back and choose to really explore your best life possible, is something that we need to focus intentionally on achieving.” – Lisa

[34:41] “Don’t wait till the end when you’re really sick, or your spouse or your child is really sick to draft up these kinds of paperwork… put those pieces in place so that when you are in high stress, high crisis mode later down the line, you have some building blocks in place.” – Mary

[38:45] “Divorce is something that can decimate your wealth. It can decimate your business.” – Lisa

[52:42] “Be Brave to be free. Braveness is those every day steps of courage that we have to take, despite the fear… if you want to be free, you do need to be brave.” – Lisa

About Lisa:

Lisa Linfield is a personal finance expert, keynote speaker, course creator and host of her podcast Working Women’s Wealth. Lisa is a board Certified Financial Planner (CFP) and the CEO of a wealth and investment management business called Southern Pride Wealth.

With over 20 years of financial services experience in the UK and South Africa, she’s been featured in Forbes, Thrive Global, Contemporary Business, Investing for Life, to name a few. Her goal is to teach 1 million women about money – how to make money, invest it and protect it.

Lisa’s vote for the perfect guest on The Simplifiers Podcast:

Paula Sartini of Brand Quantum – IT innovator, who has created software which helps to standardise your brand.

Where Lisa hangs out online:

Website: workingwomenswealth.com and lisalinfield.com

LinkedIn: Lisa Linfield, CFP®

Facebook: @WorkingWomensWealth

Twitter: @lisalinfield1

Instagram: @lisalinfieldsa