In this episode, Hazel looks into the crucial topic of financial responsibility, emphasizing the importance of being aware of personal finances in today's economic climate. Discussing the significance of monitoring income and expenses, understanding credit scores, and making informed decisions about savings and investments. KEY TAKEAWAYS Financial Awareness: It's crucial to monitor your income and expenses closely. Regularly check bank statements for unusual payments or unnecessary subscriptions to avoid wasting money. Credit Score Importance: Understanding and managing your credit score is vital for borrowing money responsibly. A good credit score opens up opportunities for better financial options. Education on Financial Management: There is a significant gap in financial education, particularly in public schooling. Many young people enter adulthood without a clear understanding of debt, credit, and financial responsibility. Shift from Old Paradigms: The traditional approach to financial success—studying hard, working for decades, and saving for retirement—may not be effective anymore. A new paradigm focuses on learning skills, finding passions, and leveraging investments for wealth creation. Creating Passive Income: Learning to manage and invest money wisely can lead to passive income streams. This approach allows individuals to retire early and enjoy life while their money works for them. BEST MOMENTS"It's extremely important to have the ability to be financially responsible." "How can our governments and financial institutions expect people to be responsible with their money when, quite frankly, they are not?" "Young people are typically thrown a credit card at the age of 18... all of which set them up in what I call this loop of debt." "The old paradigm... is rubbish, right? So let's look at a new paradigm, a new way of taking responsibility and working with your money." VALUABLE RESOURCES Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances... https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page ABOUT THE HOST Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free. She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent… Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'. During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest. CONTACT METHODS WebsiteInstagram This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/
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Jun 26 202515 Min.