Melissa George Founder & CEO of InvestHER Fiduciary Solutions Interviewed on the Influential Entrepreneur Podcast Discussing Building Wealth That Lasts

October 25, 2024 at 10:01 AM EDT

Melissa George discusses the importance of building wealth that lasts

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-melissa-george-founder-ceo-of-investher-fiduciary-solutions-building-wealth-that-lasts/

Melissa George, founder and CEO of Invest Her Fiduciary Solutions, to discuss the essential steps for building lasting wealth. Melissa emphasizes the importance of establishing a clear vision for financial goals, including envisioning retirement and creating a realistic budget that aligns with those dreams. Key topics include the necessity of an emergency reserve fund, managing debt levels, and laying a strong foundation for financial planning.

Achieving financial independence and security begins with a solid foundation, which includes establishing a clear vision of financial goals and creating a realistic budget. These foundational steps are crucial for anyone looking to build lasting wealth.

Defining Financial Goals: The first step in establishing a clear vision is to define what financial independence looks like for each person. This involves asking themselves critical questions such as: What do I want retirement to look like? How much money will I need to live comfortably in retirement? What activities or experiences do I want to prioritize during retirement years? Melissa George emphasizes the importance of creating a vivid picture of a financial future. By visualizing the goals, everyone can better understand the resources they need to accumulate and the lifestyle they aspire to maintain.

Once people have a clear vision, it’s essential to think long term. This means considering not just immediate needs but also how a financial decision today will impact the future. For instance, planning for potential healthcare costs, travel, or spending time with family can help to set more comprehensive financial goals.

A realistic budget is a critical tool for managing the finances effectively. It helps to track the

income and expenses, ensuring that people live within their earns. Melissa highlights that many people today live in an era of “swipe and tap,” where they may not be fully aware of their spending habits. Creating a budget forces to confront a financial reality and make informed decisions.

One of the key components of a realistic budget is managing debt. Melissa points out that before diving into investments or other financial strategies, it’s vital to address any existing debt. High levels of debt can hinder the ability to save and invest for the future. By focusing on reducing or eliminating debt, can free up more of people’s income for savings and investments.

Melissa Shared: “We start with transparency and education to build custom financial plans that ensure our clients make informed decisions and can Retire with Confidence.”

Another essential aspect of budgeting is establishing an emergency reserve fund. Melissa recommends having three to six months’ worth of expenses saved up, or even more for entrepreneurs or single – income households. This fund acts as a financial safety net, allowing people to handle unexpected expenses without derailing the financial plans.

While it’s great to dream big, it’s equally important to set realistic expectations. Melissa advises that while people may have lofty financial goals, their budget should reflect what is achievable based on the current income and expenses. This balance between aspiration and reality is crucial for maintaining motivation and avoiding frustration.

Video Link: https://www.youtube.com/embed/pgwo9EKrn5U

About Melissa George

Melissa George is a seasoned financial expert, renowned for her mastery in financial planning, insurance, and investment strategies, specifically tailored for small business proprietors. With nearly thirty years of proven excellence in the field, Melissa has refined her ability to craft comprehensive plans that perfectly align with her client’s aspirations and objectives.

As a trusted advisor, Melissa prioritizes protecting her client’s financial well – being. Notably, she is the first woman of color to achieve the prestigious CERTIFIED FINANCIAL FIDUCIARY® designation, operating under the utmost standards of integrity, confidentiality, and diligence. At the helm of InvestHER Fiduciary Solutions for the past 18 years, Melissa has guided her clients to financial prosperity, enabling them to RETIRE WITH CONFIDENCE.

Melissa’s academic background includes a BBA from Georgia State University, complemented by a series of professional accreditations including ACCREDITED INVESTMENT FIDUCIARY®, CERTIFIED FUND SPECIALIST®, and FINRA® Arbitrator. Additionally, she is a Goldman Sachs One Million Black Women Business Scholar.

Beyond her professional achievements, Melissa is deeply engaged in various professional and community organizations, including AAAFA (Association of African American Financial Advisors), NAWOSB (National Association of Women-Owned Small Businesses), United Way VIP Alumni, Board Chair of Girls Inc of Greater Atlanta, and Delta Sigma Theta Sorority, Inc

Learn More: https://www.investherfiduciarysolutions.com/

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