Author Archives: Shameca Tankerson
Last Week We Started A new Trend for The Society!
It’s called Wake Up Wednesdays!!!!
Wake Up Wednesday is a challenge to think outside yourself –
to wake up and realize what’s going on around you. It’s about being purposeful and intentional about impacting the world around you.
Last Weeks Challenge:
Last weeks challenge was to smile at everyone you meet. Smiling at strangers is not hard for me. I’m always smiling at people. So I added a little extra challenge for my self and the goal was to get them to smile back.
I had a lot of fun with it.
This week’s challenge is to change someone’s day.
We all have the power to change someone’s day for the better. I don’t think it’s even that hard. It just requires a little thought. This challenge has infinite possibilities. I can’t wait to hear what you come up with. I don’t have anything planned yet, but I’m excited to think of something.
I’d love to hear how you changed someones day! Post your story in the comments.
Here’s the simple truth – God has assigned a portion of His abundance to you. You can tap into God’s sufficiency by using your natural strengths – and not your weaknesses – to increase your income, impact, and influence.
But you can’t do so with the same thinking that created the money drama you’re in today. So, how do you make a significant shift in what you do, how you think and what you say so you can Unleash Financial F.L.O.W. in your life and business?
The fastest way for you to find your F.L.O.W. as an entrepreneur is to focus on your strengths.
Successful entrepreneurs focus only where they are strong and unsuccessful entrepreneurs try and do it all themselves.
Stop ‘Trying’ so hard…
“If you are doing anything that feels like hard work, you are already doing the wrong thing”
Creating an amazing business isn’t about fighting yourself and trying to suppress your natural behavior. If that were true, the wealthiest people on the planet would have quit when they first became millionaires rather than still playing the game their whole life.
The real trick is to maximize your natural strengths, talents, and gifts. That way you will always have the energy and the drive to stick through the challenges (and EVERY business building strategy throws up challenges that are designed to weed out the people who are just chasing the money).
HERE ARE 4 STEPS TO UNLEASHING FINANCIAL F.L.O.W. IN YOUR LIFE AND BUSINESS….
STEP 1 – Find Your Gift… Discover your true worth and God inspired purpose, the mess in your message, your unique brilliance, & ideal client ( your Flow Factor™) and brand it.
STEP 2 – Let Go … Eliminate the Beliefs, Obstacles, Lies, and Doubts that are placing limits on your income, release emotional baggage around past mistakes & decisions, and break free of behaviors and habits that sabotage financial success.
STEP 3 – Own It … Get Bold! Position yourself as the authority and the only obvious solution to your client’s problem. Engage in activities that Increase your confidence and eliminate the fear that’s holding you back so you can benefit from your Flow Factor™, cash in on your confidence and shift the way you grow your business.
STEP 4 – Work It …. Leverage your Flow Factor™. Transform you God inspired gifts, talents, and strengths into Powerful new ways to package, price, and position your services so you can make more money with less effort.
NEED SUPPORT FINDING YOUR FLOW FACTOR™?
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Shameca Tankerson is Founder of Stiletto Wealth Society, a global community Dedicated to Empowering Women Entrepreneurs To Get Bold and use Breakthrough Business Strategies to Uncover their Flow Factor™, Gain Confidence they can Cash In, and leverage it to Build an Amazing Life and Business.
She is passionate about empowering women who find themselves playing small and are deeply and secretly scared of showing up as POWERFUL, DYNAMIC, and CONFIDENT to courageously own “who they be” and leverage it!
If budgeting and preparing expense sheets sound like tasks only an accountant would do, think again. Keeping track of your personal finances – even if you have an accountant – is important to your financial future.
It not only gives you a keen awareness of your money situation, but also increases your chances of making smart spending and investment decisions.
Following these crucial tips will help you create a secure financial future for you and your family.
Spend Less Than You Earn
DUH…RIGHT? Although this tip sounds straightforward, you may sometimes find it daunting to actually put it into practice. However, reevaluating where you’re spending money can really help you to live within your means. and help you live within your means.
This is one of the first places we start with members of Stiletto Wealth Societies Money Talk Group. I help members find their necessity number. This important first step will help you determine the current state of your personal finances.
Make Your Money Work For You
This can be as simple as taking advantage of the compound interest offered by most savings accounts.
Making sound investments can help increase your annual income over 5%. You don’t need to invest aggressively to get this kind of return, either. Ask friends and family for referrals to trustworthy brokers to help you get started.
Protect Your Money
You MUST have a plan to protect your assets in case something unforeseen happens. There’s nothing worse than working hard for your money and then losing it due to poor planning.
Beware of any instant growth opportunities or investment clubs that promise overnight fortunes. These may include seminars with “self-made millionaires” that pressure you into signing up with a program that might not be a legitimate source of income. Take the time to research investment opportunities before you commit your money to them.
Knowing how to manage your money is a fundamental aspect of any successful long-term personal Financial Strategy.
1. Make a commitment to go on a healthy financial journey
2. Grab a Pen and your calendar.
2. Make a money date with yourself right now.
3. Use last month’s bank statements and bills to determine your necessity number.
If you take just a small amount of time to analyze your spending habits, you may surprise yourself with how much money you can save! You can then invest these savings in a way that will help you see returns year after year.
Stiletto Wealth Money Talk Meets Every 4th Thursday in the Evening!
Before any goal I declare can be accomplished, i must first believe that it can be done. With this understanding, I set my mind in motion to find a way, better yet, I set my mind in motion to make a way to do it. Whatever my mind truly believes, my mind will help me achieve and therefore create my reality. Believing something can be done, paves the way for my creative imagination and focused determination to bring it to fruition.
I believe it can be done.
As you reflect on this money talk affirmation, answer the following questions:
- What is your top goal at this point in your life?
- Have you made sure the goal is specific and realistic? Do you believe it can be done?
- What can you do today to make progress toward getting it done?
If you FEEL STUCK and want one-on-one guidance to make progress and FINALLY MOVE FORWARD… don’t delay,
REPLY to THIS post for a Strategy Session
JOIN US for Money Talk This Month:
I regularly work with women (and a few good men) to help them turn their financial aspirations into reality. My goal is to help you utilize practical tools to enhance both business and personal financial wealth. During my strategy session you’ll be able to ask me anything you want about your finances, idea or business, so that we can move your life and legacy forward.
Hey Money Maven!
Budgeting money is rarely easy, but it’s especially difficult when you don’t have enough of it to even pay all of your bills. It’s important to change how you spend your money when you’re so short on funds.
Follow these steps for effective money management when you’re seriously broke:
- Be proactive. Don’t wait until the collection agencies start calling. They are relentless and aren’t known for being understanding. They only get paid when you pay them, so you can see where their priorities lie.
- Prioritize. Life is all about priorities. Look at how much money you have available and then prioritize your bills accordingly. Typically, your mortgage, basic utilities, insurance and food will come first. Credit cards are usually last on the list.
- Cut back on your savings plan. This might be the one time to stop saving part of your paycheck. The expense and ramifications of not paying your bills might be too great to cut yourself even shorter to make your savings payment.
- Avoid relying on credit. When cash is short, it’s a common practice to start using credit cards to replace a paycheck. The cost of this money can be incredibly high, and this debt is difficult to eliminate later on. Don’t fall into the trap of viewing credit as a viable solution.
- Create more income. If you don’t have a job, take anything you can get for the time being. If you do have a job, consider adding a second job or getting some overtime. If you have stuff lying around the house that you don’t need, it might be wise to sell it.
- Make a new budget. This might be the last thing you’re in the mood to do, but either your financial circumstances have changed or your current budget isn’t working. Both reasons suggest that a new budget is required. Take a look at your income and bills and make some smart choices. Remember that it’s all about prioritizing intelligently.
In stressful times like these, it’s easy to succumb to your anxiety and not take action, but understand that this course of action will only make your challenges greater in the future.
Take a deep breath and do everything you can to get yourself back on track financially. You’ll be surprised how much you can accomplish when you really focus your intention and energy on solutions.
Prioritize your bills, increase your income, and make a new budget. Things will be better before you know it.
STILL NEED SUPPORT? BEGIN HERE!
Stiletto Wealth Money Talk Meets Every 4th Thursday in the Evening!
Hey Financially Savvy Sister
We all know that paying our bills late can damage our credit score. And most of us know that having too much debt is a challenge, too. However, there are some things that seem harmless that can also put a damper on your credit as well.
Here are some surprising things that damage your credit:
- Getting the wrong type of credit. Obtaining your financing from the source of your purchase is generally frowned upon. Furniture stores, car dealerships, and more are common sources of this ‘second class’ credit. They’re viewed as credit for those that don’t have options.
- Your utilization ratio is too high. A significant portion of your credit score is determined by how much of your available credit you’re using. For example, if your credit card has a credit limit of $2,000 and your balance is $500, then you’re utilizing 25% of your credit on that account.
- Hard inquiries. In the world of credit, there are hard inquiries and soft inquiries. Hard inquiries lower your score for a time, while soft inquiries don’t affect it at all.
- Not using any credit. Perhaps you feel that you’re being financially intelligent if you swear off credit altogether. However, even if you keep your credit cards, if you never use them at all, you’re hurting your credit score. You need to have some sort of payment history.
Sign up for The Stiletto Wealth Credit & Debt Assistance Workshop on February 25th!
This is a hands on LIVE interactive workshop.
Your credit is worth keeping in mind. So many things are more expensive when your credit is poor. In fact, many things are entirely out of reach if you have a low credit score. Remember the surprising things in this article that can damage your credit and make an effort to avoid doing any of them. Your financial future depends on it!
ENTER YOUR INFO & SIGN UP FOR THE WORKSHOP BELOW:
We’ll send you the workshop deets!
I’ll see you at the workshop!
Hey Money Maven!
Do you often wonder where all your money went at the end of a pay period? Are you living from paycheck to paycheck? Is your spending out of control?
If you answered “YES” to any of these questions, a financial detox might be just what you need to get your financial life back on track.
A detoxification process doesn’t just apply to your body. It can apply to your finances as well. Detoxification is a good word for the process, as the discomfort and challenges of spending withdrawal can feel quite real, just like a physical detoxification.
However, in the end, you’ll experience the relief of being able to live within your means and the joy that comes with financial security.
Ready To Give It a Try?
Follow these steps for your best results:
1. Locate the cause(s) of your financial challenges: The first step is to go over your bills and bank statements carefully. If you see something you don’t recognize, mark it and investigate it.
2. Admit the truth. You probably already know where your spending weaknesses lie. If you didn’t before, you should recognize them now. Look over your spending and search for areas where you’re being wasteful. Admit the truth.
3. Ask yourself ‘why’? Why do you think you’ve been spending money unnecessarily? Are you bored? Are you sad? Do you simply want more than your income can support?
4. Start the detox. There are several ways you could go about your financial detox:
- Go cold turkey. Simply decide to eliminate all the unnecessary expenses from your life, starting right now. This is tough but doable. You’ll have to be strong.
- Eliminate a few expenses. Maybe you’ll skip the weekly massages and buying lunch every day. You’ll keep some of your optional expenses but eliminate others.
- Cut back on everything, but don’t eliminate it. Maybe you’ll decide to cut all your discretionary spending in half. This way you still get to do everything, only not as much.
5. Take steps to make it permanent. If you’re going to take away your spending habit, raise your odds of success by replacing it with something else you enjoy.
A spending detox might be just what you need to get your spending under control and help to guarantee a positive financial future. However, like being on a diet, it’s never totally without its challenges.
Evaluate your spending and general sense of well being every month.Try these tips today. Be strong. Change is challenging, but you can do it!
NEED SOME SUPPORT & ACCOUNTABILITY? BEGIN HERE!
It’s been a while, huh?
Even though dealing with tax season is probably old hat by now, there are some things about taxes that continue to perplex. Specifically, what should you do with tax documents and the supporting paperwork?
Your aunt says to throw it all away after 2 years. Your banker friend says to save everything for 7 years.
So What Should You Do?
Use this handy guide to help you determine which tax-related documents to save and which to pitch:
1. Save tax returns. Many financial experts recommend never throwing away tax returns. They might come in handy in the future when you need to reflect back to determine the cost basis of prior investment figures, if you wish to apply for loans, or if you want to file for disability insurance.
- If you don’t have room to store tax returns, scan them and keep them in computer files. Be sure to back them up, though, in case your computer crashes.
2. File stock and mutual fund confirmations for safe-keeping. Because you’ll likely someday sell your stock market purchases, you’ll need the original information about your purchase of those items, such as when you bought them, how much you paid, and how many shares you bought. As long as you have the stock, you’ll need those confirmations. So save – don’t pitch.
3. Pitch salary pay stubs after the year’s end. If you saved pay stubs all year, it’s okay to get rid of them after you’re sure your W-2 reflects properly the amount you earned. The only exception here is if, for some reason, you need the final pay stub of the year (to claim how much money was deducted from your pay all year for donations to charities).
4. Before you dispose of copies of household bills, ensure you don’t need them. If you have a home office, you’ll likely need your utility bills and other types of receipts to claim the home-office deduction on your tax return.
5. Save credit card bills. Although some financial experts recommend pitching them, many reasons to save them exist. For example, these days, credit card companies often insure anything you’ve purchased with the cards.
6. Expect exceptions to these rules. If you have room, it’s wise to save any important records.
If you take this information into account, you won’t get caught without a receipt you need or using up precious space to store papers you don’t require.
READY TO GET YOUR FINANCIAL HOUSE IN ORDER? BEGIN HERE!
It just takes small steps girlfriend!
Hey Money Maven!
The new year is right around the corner and it’s a great time to declutter your life and make room for more of what you really want.
Where do I start?
One of the greatest sources of clutter and confusion is finances.
I know you have it…
- Bank statements and Bills piled a mile high on the kitchen counter
- Loose change and Receipts stuffed in your purse or wallet
- You can’t seem to locate your checkbook, although you know it is somewhere in the house.
- You’ve got gift cards from last Christmas with increments of $8.88, $1.35, or they’re completely unused.
- The desk you pay your bills at has used food wrappers, crumbs and lots of dust balls. You can’t see the surface.
- You can’t remember which of your five checking accounts has available money for spending.
- You are racking up debt using your credit card, only because you aren’t sure how much money is in your checking account to pay for every day expenses.
OK, maybe this isn’t exactly your picture, but you get the idea. Disorganization, uncleanliness, vagueness, overwhelm, disrespect and stagnant energy all live under the roof of “clutter.”
It’s time to clear it all up so you can focus on your financial goals.
STEP 1 – Create A Simple Budget
Do you know how much money is coming in and going out each month? Getting real and having a handle on that is the first step.
STEP 2 – Start Dating Your Money
Create a special area in your home where you pay bills and manage money. It can be small, clean and supplied with a pen, post its, stamps, calculator, writing pad.
Establish a bill pay plan. A bill doesn’t have to be paid on the day it arrives. Simply schedule a monthly, or even biweekly, block of time to review and pay your bills. I like to call this a money Date. ( and you don’t even have to get all dolled up)
STEP 3 – Keep It Simple Sista (Kiss, Kiss)
All it takes is 13 folders to organize a year’s worth of paid bills. It’s simple… Just label each of the tabs with the name of the month and leave the last one empty for the year’s tax return. When you pay a bill, file it in the month paid along with credit card receipts and bank statements. That’s all.
READY TO OPEN YOUR FLOW WITH MONEY? BEGIN HERE!
Hey There… If you’re ready to stop feeling like you are struggling pushing and pulling for every dime you make. It’s time to get vocal about your money.
Here’s the deal love….
What’s happening is money is controlling you instead of you having control of money.
When you look at Relationships, Finances, Physical/Health, Spirit, Emotions, and the Mind.
Here’s what I know for sure… Your financial life has a huge impact on all of the other areas.
If you have money problems….
Those money problems likely affect:
- Stress Levels
- Whether you sleep at night – (good thing the Olympics come on late)
- Worry (that feeling in the pit of your stomach)
- Emotions (mood swings)
- Relationships (fights with your husband…yelling at the kids)
If there was only someone you could talk to about your money situation….someone that won’t judge, criticize or look down on you… right?
Talking about money has become one of those taboo subjects that is NEVER talked about.
People are more willing to share about a violent crime they were involved in rather than talk about what is in their bank account.
Yet money problems are at the root cause of
- Health Issues
- Many Divorces
- Mental Cases
- Violent Crimes and Even Suicide
So here is the dilemma… If talking about money is the #1 “Don’t talk about” subject, how are we ever going to turn our financial life around?
And if Money is the #1 cause of problems experienced in our bodies, relationships and mind… Then isn’t it time to HEAL OUR MONEY?
We are willing to spend time, money and energy on healing our bodies, healing our minds, and healing our spirit.
Don’t you think It’s time to stop putting money on the back burner and HEAL OUR BANK ACCOUNT too.
The truth is when you heal your money you heal your mind, you heal your spirt, and you heal your relationships.
Here’s a Place to Start:
Instead of focusing on what you don’t have and how stressful your money situation may be…..
- Begin focusing on being in GRATITUDE for what you have now and OPEN yourself to RECEIVE MONEY.
- Start paying attention to your money and your money beliefs.
- Discover what is stopping that flow of money you want. And Create a NEW Money belief… A Belief that serves you.
- Get Vocal: Be honest and start sharing your money successes and dilemmas… It’s okay… It’s time to break the taboo
OPEN yourself to RECEIVE MONEY…. Because despite past mistakes, decisions, or circumstances…. By God’s Design…It is your right to have abundance + prosperity + wealth!