Ready to make 2025 your year of financial freedom?
Let’s face it: when it comes to money, fear and uncertainty hold many of us back from truly thriving. But what if this could be the year you take control and become financially fearless? This episode is packed with strategies, tips, and inspiration from our incredible guest, Cary, who’s here to guide you every step of the way.
Cary Carbonaro, a certified financial planner with over 25 years of experience in guiding women to financial independence, helping them gain control over their financial futures in an industry where women are often underrepresented. She emphasized the importance of having a financial plan, according to her, “If you fail to plan, you plan to fail.” She encourages women to set clear financial goals and stick to them, sharing financial goals publicly, holding individuals accountable and brings those goals to fruition.
Her approach to financial planning starts with two fundamental steps: budgeting and knowing one's net worth. Cary advises her clients to track their monthly income and expenses, ensuring there is money left over to build wealth. She emphasizes that small sacrifices, such as cutting out a daily coffee, are not enough; instead, big-picture decisions—like adjusting housing costs or finding additional income sources—are essential.
If you're ready to take action and build a solid financial plan, check out the resources and links we mentioned in the episode. Cary’s advice is simple, clear, and packed with actionable steps that anyone can use to improve your financial situation.
Episode Highlights:
00:44 Cary's Background and Focus on Women
02:28 Challenges Women Face in Financial Planning
04:40 Cary's Personal Story of Overcoming Adversity
08:11 Steps to Financial Planning for the New Year
21:58 Common Financial Mistakes and How to Avoid Them
28:19 Assessing and Adjusting Risk Tolerance
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