Are You Your Own CFO?

Being a Chief Financial Officer for a business is one thing. But are you the CFO for your future?

We have to take a leadership role in our financial house. If you don’t do it, who will? As women business owners, we statistically put our needs last. Not to fret. Here are some ideas to get the ball rolling.

On-the-Job Training

Gold, silver, stocks, retirement plans, bank savings accounts, real estate-what’s a woman to do? At times, it can feel like on-the-job training. There is no doubt that real-world experience is a great teacher. However, do we really have time to learn from our mistakes when it comes to money?

Investment Portfolios

Building a simple or complex portfolio for yourself is important. Based on personal experience, placing all your eggs in one basket can be devastating! Have multiple plans.

Volatile or Non-Volatile Money

How about both? Look to acquire financial growth in non-volatile accounts, such as indexed products. They provide the upside of growth without the downside of market losses. Volatile money provides loss in market swings.

Security, Leverage and Liquidity

Understand that your money should provide you liquidity without severe penalty. This is why multiple baskets are crucial. Banks are the middlemen. Retirement plans are not guaranteed. And, just like we need different doctors who specialize in specific health issues, we also need to have different financial coaches in our lives who are specialists in different fields.

Bounce-Back-Ability

The stock market can only crash so many times in your young adult life before the time comes that you cannot afford to make up losses. How much are you willing to lose and how many times can you bounce back? A liquidity specialist can be a key player in your retirement. Let’s talk.

Use these ideas to get the ball rolling and become the CFO of your future!

Lu Casillas About Lu Casillas

Educator and Creator of Blend2Day, Supporting women to find Balance in Life, Educating one another through Networking and making your Dreams become reality. As a specialist at FCA it is my goal to help you create a wealth preservation strategy that allows you access to funds while also building a lifetime income stream. Contact Lu at www.blend2day.com or lu@blend2day.com.