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Today on the podcast, we are diving into all things personal finance with my guest Jasmine Johnson. It’s often a conversation that can be uncomfortable, but it’s truly one of the most valuable subjects to discuss. A little about Jasmine: She’s a happy wife, mama to two beautiful girls, an Entertainment Accountant, Accredited Financial Counselor & Mental Health Advocate. She’s all about internal happiness, good energy and proper money management. I’ve personally loved getting to know her through this past year. She’s out in the world doing amazing things through her business & her non profit & it is my privilege to introduce you to her & help you get to know more about the wisdom she has to share with us all.
We kick off the chat with a fun story about Jasmine’s wedding day. It was her first time wearing false lashes and what ensued from that was wild. Tune in to hear her pour the tea on that one.
Jasmine started her career as a financial professional out of necessity. She found herself in the position at the age of 17 where she had to take care of her and her two sisters on her own. That started her on the path to being the money queen she is today. We discuss a range of basic personal finance strategies, but here’s the BIG takeaway: A framework for personal finance success.
Are you ready? Here it is! 5 simple steps to get you on track for financial success.
- PLAN – Have a plan so you can identify where you are and where you’re going.
- SET A SAVINGS GOAL – Put that inside your budget and work toward it.
- CREATE A BUDGET – Hello! Everyone needs a budget.
- MINDSET – How you will achieve your goals.
- ACTION – Put everything into action – this is the most important.
We also talk about how your actions MUST line up with the way you want to live. Practice what you preach so to speak. It’s a matter of choosing to honor your future as opposed to getting caught up in moments of emotions & spending in ways that aren’t in line with your goals.
“Are your actions lining up with the way you want to live? If not, some things have to change.”
Jasmine shares a great savings strategy based off of Dave Ramsey‘s method that we both love. Start with $1,000 in a savings account for emergencies – but it’s all dependent upon your financial situation of course. This money is only for emergencies and emergencies only. Keep that $1,000 in savings and then work to pay off your debt. Once the debt is paid off, start building up more on your savings. Investments come after you’ve handled your debt and are making progress towards building a strong foundation.
You’ll also learn about Jasmine’s non profit, Live Happi Girl that focuses on internal happiness and living with intention. You’ll find her out in the world doing her part to make the world a better place and sharing her wisdom at every step of the way. Keep up with her on Instagram, check out her non profit, and maybe even consider her as your financial guide through her business Square 1 Accounting.
Resources: Dave Ramsey books, Financial Peace University
Changing your finances requires focus and knowledge. Our hope through this chat is that you feel empowered to take steps toward creating a bright financial future for you and your loved ones.
