In this episode, Lauren sits down with Ronika, a Chartered Professional Accountant (CPA) and founder of Montreal Financial, who teaches her clients how to confidently manage their finances. They explore the importance of financial education, how to invest to grow your wealth, and the journey of entrepreneurship. Ronika shares her insights on overcoming limiting money beliefs, the significance of building a solid financial foundation, and the power of compounding savings. The discussion also touches on the importance of mindset shifts, the value of side hustles, and practical money habits. If you’re looking to build financial confidence, this episode is for you.

Takeaways:

• Understanding money is not as complicated as it seems
• Education is key to building a solid financial foundation
• Starting to save and invest early can lead to huge benefits
• It’s essential for women to understand and have access to their financial data
• Most people have limiting money beliefs, which are irrational beliefs about money
• Mindset shifts are necessary for overcoming financial barriers
• The most impactful way to improve your financial situation is to increase your earnings
• Weekly money habits, like reviewing subscriptions and investments, can improve financial wellness
• Side hustles can provide additional income and fulfillment
• Investing in ETFs can be a smart way to grow wealth
• Patience is essential in the entrepreneurial journey

Chapters:

02:16 Ronika's Journey: From Corporate Finance to Entrepreneurship

05:01 The Importance of Financial Education

06:44 Balancing Passion and Profession

13:31 Debunking Money Myths

14:33 Building a Financial Foundation in Your 20s and 30s

24:34 Limiting Money Beliefs and Their Impact

28:28 Overcoming Limiting Beliefs

33:43 Mindset Shifts for Financial Success

36:50 The Importance of Financial Awareness

39:34 Habits for Financial Well-being

48:47 Lessons from the Entrepreneurial Journey

54:33 Embracing Gratitude in Daily Life

55:34 The Impact of Gratitude on Mindset and Business

If you know someone who could benefit from listening to this episode, please share it with them. As always, I welcome your thoughts and feedback. You can also support the podcast by subscribing, leaving a review, commenting, and responding to the poll. Thank you! 🙂

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Connect with Ronika:

Website: https://www.montrealfinancial.ca/

YouTube: https://www.youtube.com/@montrealfinancial

Newsletter: https://www.montrealfinancial.ca/newsletter