Whether you own a business or not, feeling financially empowered is often a positive experience. You want to know on a fundamental level that you’re in control of your money and that it’s working for you.
But what can you do to feel more financially empowered? How can you get there:
Table of Contents
Surround Yourself With People Who Want You To Succeed
As basic as it sounds, surrounding yourself with people who want you to succeed financially is a good idea. You want to have individuals around you who care about your well-being and want the best for you.
Often, being in the wrong crowd can lead to financial difficulties and leave you unsure about what to do next. A financially empowered person can help lift you financially.
Therefore, look for trusted friends and mentors to spend more time with. Find people who support your financial goals or who are one or two steps ahead of you.
Automate Your Finances to Feel More Financially Empowered
Another pro tip for feeling more financially empowered is to automate your finances. Once you take your mind out of the equation, you should find that you’re in a much better position to thrive.
As you start automating, you’ll notice that it simplifies your money management. You can plan what’s going in and going out.
Protect Your Credit Score
Another thing you’ll want to do is to protect your credit score. While it sounds a bit dull, having a good credit score enables you to get the best terms and deals on things like your mortgage or any business loans you decide to take out.
Learn Your Options If You’re In Debt
It’s also a good idea to learn more about your options if you’re currently in debt. Determining what’s available is crucial.
Industry expert Alex Kleyner explains that there are more options available for people than ever before when it comes to debt relief. It’s now possible to develop a proper plan and work through it over time to reduce debt and prevent it from returning.
Start Investing Small Amounts to Be Financially Empowered
You can also feel more secure and empowered in your finances by starting to invest small amounts in the stock market or in bonds. Once you establish this habit, you can build on it over a lifetime, continuing to add more money as it becomes available.
Dribbling it in, a little bit of the time, is usually the best way to take advantage of compounding interest over the long-term. You want to be someone who is on the receiving end of that.
The best time to invest is yesterday, as the saying goes. The second-best time to invest, though, is today.
Get A Personal Finance Education
Lastly, it’s a good idea to get a personal finance education so you understand the basics. Once you have these under wraps, you can start making better financial decisions.
Numerous popular books offer valuable insights into how to educate yourself on what to do. One or two should be sufficient to set some financial goals for yourself.
Financial Advisors Make All The Difference
Financial advisors turn money choices into clear steps you can use. They help you set goals, map cash flow, and pick the right tools.
That means smarter budgets, fair pay for yourself, and steady owner draws. They flag tax traps, retirement plans, and manage risk throughout the year, not just at tax time.
They review pricing, debt, and funding options, so you protect profit and keep cash on hand. They build simple dashboards, allowing you to track progress and act quickly when trends shift.
With a trusted advisor, you make better calls, sleep better, and grow with less guesswork. Ready to get financially empowered and pick an advisor who fits your stage and fees?
Wrapping Up: Feeling Financially Empowered Today
- Close the day with precise numbers and a simple plan.
- Check cash on hand, invoices due, and upcoming bills.
- Set aside a fixed amount for savings, even a small sum. Price your offers for profit, not guesses.
- Schedule a weekly money hour, then keep it like any client meeting.
- Track two or three metrics that matter, like gross margin and average order value.
- Pay yourself, set aside taxes, note one win, and share a takeaway with your team or community.
These habits build confidence to spend, invest, and grow with purpose. Need more tips from Small Biz Tipster? Read more of our finance articles.