How to Eliminate Debt, Build Wealth + Grow Your Net Worth with Allegra Brantly

Powerhouse Women

Lindsey Schwartz

Entrepreneurship, Business, Education, Self-improvement

4.9 • 912 Ratings

🗓️ 30 May 2024

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Do you understand your net worth, and how to build it in order to create true financial freedom? My guest today is here to help! Allegra Brantly is the CEO + founder of Factora, a financial education company + community with the mission to lead 1 million women to over $1 million in net worth. We're taking the taboo out of talking about money, and breaking down the most important numbers you need to know in order to build wealth, as well as the mindset shifts to help you eliminate debt and create freedom. You'll hear some of Allegra's biggest money failures, and her journey from living in debt to creating a net worth of over $1 million (spoiler alert: anyone can achieve this if they follow a few simple steps!) HIGHLIGHTS 02:30 How to calculate your net worth, investment rate, + other wealth factors. 08:25 Three ways to turn negative net worth into over six figures. 13:45 What are the main asset classes to build wealth? 17:35 The difference between financial freedom + financial flexibility. 20:45 Why is it important to normalize talking about money and sharing our failures? 27:25 How to build a healthier money mindset + avoid overwhelm. 35:45 Celebrating Allegra choosing service over ego. RESOURCES + LINKS Grab your ticket for the 2024 Powerhouse Women Event August 9-10th in Scottsdale! powerhousewomenevent.com Click HERE to text the word MENTOR to (602) 536-7829 for weekly business + mindset tips delivered straight to your phone! Powerhouse Women is a COMMUNITY and YOU are part of it! Take a screenshot of this episode and tag us on Instagram so we can keep the conversation going and create more of the episodes you need! FOLLOW Factora Wealth: @factora_wealth Learn more about the Factora Wealth Circle: https://www.factorawealth.com/wealth-circle Powerhouse Women: @powerhouse_women Lindsey: @llindseyschwartz Visit the Powerhouse Women website: powerhousewomen.co Join the PW Community Facebook Group: facebook.com/groups/powerhousewomencommunity

Transcript

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0:00.0	I want to talk about money.
0:01.0	Let's do it.
0:02.0	Hearing that money is taboo and it's rude and it's uncouth to talk about, well then how
0:07.0	can you get good at something that you don't discuss?
0:10.0	Your investment rate is directly correlated to the amount of years left in the workforce.
0:15.0	Your freedom.
0:16.0	And no one's taught that.
0:17.0	Until now.
0:18.0	You can start investing with as little as $10, $100.
0:21.6	I show my entire portfolio because I want to show them, I'm not an expert, I'm just a woman
0:27.1	doing it.
0:28.1	I wish emergency fund had a sexy name and then maybe people would want to do it.
0:31.6	Let's rename it.
0:32.6	I've heard a lot of people call it a FI-U Fund.
0:34.6	Oh, I like that much better.
0:35.6	When we make more money, it's really easy to spend more money.
0:39.3	I'm really good at it, actually.
0:41.0	I was incredible.
0:42.2	I would spend money before I had the money.
0:44.4	You really have to believe you deserve money, and that is where we have to start.
0:49.3	Three to one.
0:51.2	Welcome to Powerhouse Women.
	...

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