10 STEP TO FINANCIAL FREEDOM WITH THE BUDGETNISTA

Unlock your path to financial wholeness with Tiffany "Budgetnista" Aliche! In this episode, Tiffany breaks down her 10 essential steps to financial freedom—what she calls "financial wholeness." Whether you’re just starting out or looking to strengthen your foundation, she shares practical advice and real-life stories that can transform your relationship with money.

Tiffany, a self-made millionaire, entrepreneur, and educator, discusses why mastering the basics—budgeting, saving, debt management, and more—is crucial for true financial security, regardless of your income. She explains the importance of tools like insurance, building net worth, putting together a trusted money team, and estate planning to ensure your wealth lasts for generations.

Throughout the video, Tiffany and host Rashad Bilal keep it real about what it takes to build wealth you can actually keep. Learn the difference between being debt free and truly wealthy, why credit is a powerful lever, and how fundamental habits form the deep roots of lasting success. Tiffany shares insider tips on umbrella insurance, retirement investing, choosing financial professionals, and setting up your legacy.

Whether you want to stop feeling overwhelmed by money or take your finances to the next level, this conversation is packed with actionable steps, powerful analogies, and inspiration. Don’t miss out—this is your crash course in building a rock-solid financial foundation!

👇 Drop your favorite tip in the comments and hit subscribe for more conversations about wealth, business, and legacy.

Grab Tiffany’s book: [Get Good With Money](https://getgoodwithmoney.com)  
Follow @budgetnista for more tips!

#FinancialFreedom #Budgetnista #MoneyManagement #PersonalFinance #WealthBuilding #FinancialLiteracy #Investing #Insurance #DebtFree #EYL #MarketMondays #FinancialWholeness #GenerationalWealth #MoneyTeam #FinanceTips

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Episode Transcript

Speaker 1 (00:01):
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Speaker 2 (00:43):
One thing that I see like as my role. I
feel like everybody has like a role in whatever. Like
let's just talk about like the financial space, financial education space, right,
So I see my role the same way I saw
my role when I used to teach Sunday school, like
as a teenager preschool as like twenty or early thirties.
And the budget needs to now that you know, like

(01:05):
I'm here to provide you with the financial fundamentals because
I don't care how much money you make. If you
don't have the fundamentals, you can be wiped out, just
like that. I've seen this wiped out. I'll give an example.
I remember I was at speaking at this and speaking engagement.
This woman came up to me and said, I don't

(01:26):
know what I do. I don't know what I should do.
I owe over a million dollars And I was like what.
And she had had cancer and that was her that
was her medical bill when it was all said and done.
So how how are you out earning that? You know
what I mean? Like you out earned a cancer? So like,
those are the financial fundamentals? Are this? I actually call

(01:46):
it financial holeness? Right? So these are the fundamentals. It's budgeting.
People don't want to talk about because it's not sexy
like GameStop that option. But right, like because now the
caveat is this, since it's wealthy, I have multip My
network is more about seven figures. I'm not talking about
like theoretically in stuff. I'm talking about cash. I'm talking
about investments. I'm talking about real estate, like I have money.

(02:07):
Just to preface it with that, because because you don't
don't play yourself play third person, because no, because sometimes
people here and foremost don't ever play yourself. No. I
share that because I because when people hear the fundamentals,
they're like, wah, wah broke. No, there's nothing broke here.

(02:28):
Not only am I wealthy, I'm debt free like a
five year old. I don't owe nobody nothing, not even
my businesses. Like I have five business here, right, we
made eight figures last year, just over ten millions. I'm
not saying that to brag. I'm saying that to set
the stage four. I'm talking about fundamentals from a place
of you can grow wealth, from a place of fundamentals
and wealth that you can actually keep. So let's go
over the ten financial financial fundamentals. I like to call

(02:50):
it financial wholeness. It's a holistic view of your finances.
One budgeting, two savings, three debt. You have to manage debt.
You don't have to be debt for three. You know,
I know people like debt free, debt free. Guess who
else is debt free? I told y'all, like my literally,
today is my niece's birthday, right, and she don't have
no mortgage, no car, no no, no nothing, and she's four.

(03:11):
Happy birthday. Shout out to you girl, But you're still broke.
You know, because debt freedom doesn't equal We mentioned that before.
Debt freedom does not equal wealth. Right, So three debt
for credit? Right, credit is a lever. I don't think
people understand that. Like, like, think about a door. A
door is a lever. This small knob can can twist
a big door. That's what credit is able to do.

(03:32):
It is a small amount of money that's able to
give you access to large amounts of money. Right, this
is what credit is. Five. Learning to earn, increasing your income.
I hope you're writing this down. Okay, you have to
learn to earn, you know, Like it's not just enough
to budget and save. You're not gonna budget and save
your way to wealth. It's great foundational stuff, but you
have to know how to bring money into your household. Six.

(03:54):
Investing for both retirement and wealth. I make the distinction
because to me, investing for retirement is really investing in
a way that will help you to maintain your current lifestyle.
That's the yes, Like, are we trying to eat cat food?
What are we doing? No? You know, but investing for
wealth is being able to increase your current lifestyle and

(04:17):
leave money for your airs. So I like to separate
retirement and wealth. So that is six seven. Insurance. It
is super important. Health insurance, life insurance, disability insurance, right,
property and casualty insurance. Think of like home and auto.
Are you insured? Insurance is a risk management tool. Insurance

(04:37):
is there to protect you and your assets just in
case you need it. Most people are under insurance. I know.
I was like, I thought I was good. I'm like, oh,
I'm good out here in these streets. I sat down
with a friend of mine who's a CFP, and she said,
let me see your stuff. She was like, okay, everything's good, Tiffany.
But you're insured like you're twenty. I was like, I
look twenty. She's like, but you're not twenty, right, And

(04:58):
so she was like, you needed a Brella policy. I
was like, ooh, how much is that going to cost me?
Because SIS is really the bunch of thees. Talk about that.
Can you talk about that umbrella please? Yes? And so
the umbrella policy, it's like the low key secret. I
was like, okay, she said, let's start off. This was
like maybe two years ago. Let's start off with so
you have your normal basic insurance, like you know, I
have homeowners insurance, I've got car insurance, but I also

(05:19):
have business insurance. And she's like, just in case those
things are maxed out, because something happens, someone falls, and
they they see you for more than this other insurance
can cover. You have this umbrella policy, right, and so
for me an additional one million dollars, which I was like,
ooh sounds pricey. It was four hundred dollars a year.
It's cheap, yeah, I said, what they don't tell you

(05:40):
these things in these streets. Yes, And umbrella policy is
is just a great way to make sure. So then
I increase it. As my wealth increases, I increase that
umbrella policy. And it like it's a lever too. A
little bit of money gives you access to all this covered.
So seven, get good with insurance. Eight girl rich is
you're in net worth. Don't tell me how much you made,

(06:03):
how much you keep? Right, So that's cute that like, oh,
I made seven million dollar last year. They won't tell
you that they spent eight million in marketing. Right. Net
Worth is what you own minus what you owe. If
you owe a whole lot, it doesn't matter if you
own a whole lot, because at the end of the day,
if all the people that you owe come a call in,

(06:24):
you're broke, right, So maintaining a positive net worth that's important. Nine.
Picking your money team, y'all? Are you doing it? Y'all?
Listen to these fellows right here. You want to have
financial professionals in your life. I believe in having the
accountability partner because I think money is a team sport.
But I also believe like you might look into you
might look into a insurance broker, but you want to
have people on your financial team. And that's not least

(06:46):
estate planning, you know, planning your legacy. But it doesn't
make sense to do all of this and not to
pass off. That's the problem that we've had a hard time.
I've known black folks that have grown wealth, known Brown
people that have grown wealth. But sometimes the passing on
is what we have a hard time with. The passing
on of knowledge, the passing on of wealth, you know,

(07:08):
from one generation to the next. That's your ten components.
Like here's the thing about financial freedom, right, I'm not
a big fan of that phrase. Here's why, because you
can be financially free and not be financially whole. You
can have all the money. You could have all those things,
but you could be missing, like for example, Prince financially free.

(07:28):
We can all agree man was wealthy. Was he financially whole? No,
he didn't have an estate plan. So when Prince died,
he used to give a lot of money to to
like music programs because he believed it saved them as
a kid. So when he died, his closest relative was
his sister. We don't know if she's big on music programs.
You know, his money is gonna do what she wants

(07:49):
it to do. So I say that not to say,
don't go after financial freedom, but I'll go for a
holistic view of your money. And so literally that's why,
you know, because the fellaw's hello, That's why I w
Get Good with Money. Ten simple steps to becoming financially all.
It's available at get good with money dot com. Not
for real. I see myself like as like the school

(08:12):
teacher of personal finance, Like I want you to get
the fundamentals so that way, that way, no matter what
you build on this fund this financial foundation, y'all. Like
when this last, like the last recession two thousand and
two thousand and twenty ten hit, You'll rock me to
the core. I lost everything. I said never again. This
time when a hit, I made money, you know, like

(08:35):
I made money, My business tripled because I said, I'm
going to position myself to have such a strong foundation
that when things happen, it's the difference between being a
tree and being an electric poll. Some of y'all out here,
not y'all, but some of y'all out here so interested
in being as big and tall and obvious as possible,

(08:58):
Like look at me, look at me, and you're this
this electric pole and it looks dope because it looks
so high. Right, it flung up quickly, and you're laughing
at the tree. Tree is going slow. You're like, I
had look at the tree. Then earthquake comes that pole
is this deep in the ground, pole falls over tree,
got what roots? Right? And so that's what I'm wanting

(09:18):
for you. I'm wandering for all of us to have
like this deep financial foundation. So everything you're learning in
ey l, everything you're learning in market mondays, these are
things that you're building on top of your financial your
financial foundation, so that house can stand, so you can
you can give that house to someone else. My graduates

(09:39):
from my school being forced back drop drop Mike, drop
backdrop drop erners. What's up?

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