Laser Coaching Sessions (Jan.. April, July, October)
Periodically, I devote a portion of my practice to address the historic wealth and income gap among Black women, and the Financial Limitation Mindset that often results. A financial limitation mindset in Black women over 55 can be defined as a set of beliefs and attitudes that limit one’s ability to achieve financial security and success. This includes feeling stuck in a financial situation, avoiding financial planning or risk taking, and feeling like it’s too late to improve one’s financial situation. The intention of Quarterly Laser Coaching Sessions, is to engage Black women in a 35 minute meeting that begins the process of shifting their mindset from financial limitation to one of abundance.
It’s essential to me that Black Women are allowed to share their experiences and acquire resources for further learning in a safe space. Empowering solutions include seeking financial education, coaching, and guidance, setting—achievable—financial goals, and practicing positive self-talk to overcome limiting beliefs. Implementing the strategies in the Laser Coaching Session, is one of the first steps in making a significant impact on Black women’s financial well-being.
I’m celebrating Raven, a former client of mine who became credit card and debt- free in January of 2022.
When Raven joined my Individual Coaching Program, she had practically no savings, was concerned about family matters and was stressed helping out family members. She was frequently spending more money than she brought in. Even though she was nervous to invest in herself (many women are), Raven knew that something had to change with her finances if she was ever going to achieve her goals.
In the first month of our individual coaching sessions, she cut her spending nearly in half, yet in a way that still allowed her to enjoy her favorite fitness classes and attend weekly dates with her partner. By the end of our six-month program, she had opened her first ever retirement account, had applied for her first passport, and was saving for a beach vacation for her and her partner. Not only that, Raven actively knocked out debt by following the debt elimination plan she created.
In less than one month of working together, she gave herself a pay raise by adjusting her w-4, allowing her an extra immediate 247.00 each month in her paycheck. In one yea, she has increased her cashflow by at least $10,000. Raven has paid off all of her credit card debt, something she’s been trying to do on her own for over five years! With more in savings now than ever before, Raven even has an emergency fund that’s allowed her to cash flow recent auto repairs. Raven worked through many limiting beliefs around money and is now confidently applying to jobs paying 30K more than the one she has now. Finally, by establishing better personal and financial boundaries, she has found healthier ways to assist her family that don't place her finances in jeopardy.
I’m so proud of her persistence, commitment to her goals and newly found confidence and cannot wait to see what "bad-ass" thing she achieves next!
