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Today, we're learning from Fatima Perez-Luthi, CEO and founder of The Grind Coaching and Consulting. When navigating the exciting yet challenging path of entrepreneurship, financial literacy is a stumbling block for many. When beginning a journey with personal finance coaching, the primary objective is to establish a comfortable relationship. This may seem daunting as it involves intricate details, unpleasant truths, and confronting shame associated with money matters. But once you cross that bridge, a world of opportunity awaits on the other side.
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Becoming comfortable with your financial status, understanding its implications, potential and limitations, and being real with yourself about these are pivotal steps. Building on this, setting concrete, achievable goals, and committing to them will help ensure financial health and sustainability.Fatima shares her journey from a young entrepreneur selling chocolates at the age of seven to establishing her financial practice.
The episode delves into the significance of understanding one's financial psychology, the power of setting actionable goals, and the importance of embracing failure in entrepreneurship. Fatima reveals her struggle with imposter syndrome and the realization that failure is an opportunity for growth.
Here's A Recap of this week's episode:
00:46 Guest Introduction: Fatima, CEO of The Grind
01:15 Fatima's Journey into Entrepreneurship
02:25 The Birth of The Grind Coaching and Consulting
08:11 The Importance of Financial Literacy
13:43 The Challenges of Entrepreneurship
18:35 The Role of Finances in Entrepreneurship
19:08 The Process of Financial Coaching
24:35 The Creation of a Financial Literacy App
27:17 The Birth of a Business Idea
27:57 The Struggles of Software Development
28:45 The Importance of Intention in Finance
29:31 The Journey to App Development
30:25 The Reality of Investment and Risk
30:38 The Unexpected Challenges of App Development
31:51 The Power of Support and Community
32:12 The Mental Endurance in Entrepreneurship
37:08 The Fear of Failure and the Power of Perseverance
43:19 The Importance of Continuous Learning and Growth
49:39 The Power of Vulnerability and Transparency
50:46 Conclusion: The Journey of Entrepreneurship
Everyone's financial journey varies. What works for one might not work for you. But, suppose you invest time, effort and patience into understanding your financial patterns and their intricate details. In that case, you're already heading towards a brighter financial future. Fear and failure are part of the journey, but every stumbling block carries a valuable lesson in resilience and discipline. As Fatima succinctly put, "Be it till you become it."
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