Paychecks & Balances – Tiffany Aliche The Budgetnistia– PB102

Today on the podcast Rich and Marcus interview Tiffany Aliche, “The Budgetnistia”. Tiffany is an award-winning teacher who specializes in financial literacy. She is the author of two #1 Amazon Best Sellers and has been featured in The New York Times, MSNBC, Fox, Time Magazine and many other major media outlets. In this episode you’ll hear Tiffany’s story and learn how she went from a perfect credit score with money in the bank, to losing a home and being over $30,000 in debt, to building a multi million dollar business and being one of the most popular financial literacy influencers of our time.

Highlights:

• Tiffany grew up in a family that discussed money in an honest and open way. Her father was a CFO and an accountant.
• The first real world experience Tiffany had with money was when she wanted a bike for her 10th birthday. Her dad sat her down and showed her the families’ budget.
• Before you can teach your family about being financially literate, you have to learn yourself. You can’t teach or preach what you don’t know.
• Tiffany set up a piggybank on Amazon for her daughter whose nickname is “SuperGirl”. The money gets split up into savings/investing, giving/spending. SuperGirl understands that when she gets any money it must go into one of these categories.
• The best way to get a friend or family member to open up about financial talk is to talk about yourself first and let them know where you’ve been struggling with your budget.
• If there are no in person financial resources groups in your neighborhood or within your circle of influence, start with online groups. It can sometimes be easier to discuss your financial struggles in forums and chat groups.
• Your success is tied to the sum of the five people you hang out with most.
• Relationships are everything. There are some doors that cannot be opened from the outside. It doesn’t matter how smart you are or how hard you work. You can only get in by somebody opening the door.
• Tiffany breaks her friends into three groups: Peers, Mentors and Mentee’s.
• Before some of Tiffany’s major successes in business, she fell victim to an investment scam, overcame foreclosing on her house and had to pay off more than $30,000 in debt.
• Take responsibility for your poor financial decisions.
• One of the best ways to figure out your career path is to volunteer.
• You subconsciously act on your passions everyday and gravitate towards things you like to do. Become aware of this and parlay it into a career path.
• If you have an idea for a business that doesn’t already exist. Don’t start it. Instead find a niche within an already existing industry and master it.
• Pay it forward with your friends, family and employee’s. When you do well, bring other people up with you.

The Takeaway: Take responsibility for your finances, build your network, and pay it forward.

Paychecks & Balances

Website:

https://paychecksandbalances.com/

https://www.patreon.com/paybalances

Instagram: @paybalances

Facebook: https://www.facebook.com/paychecksandbalances

Twitter: @paybalances

 

Tiffany Aliche

Website:

http://thebudgetnista.com/

Facebook:

https://www.facebook.com/thebudgetnista

Tiffany’s Books: