Comprehensive Financial Planning Tips for Midwives and Birth Professionals
Introduction
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Why is Financial Knowledge so Important for Midwives and Birth Professionals? (32:28)
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The Many Definitions of Retirement: Choosing Your Path Before Planning (14:55)
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Retirement Versus Financial Planning: Understanding the Distinction (28:03)
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Reducing Your Cost of Living Expenses While Increasing Your Revenue Income Streams (27:42)
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Shifting From a Scarcity to an Abundance Mindset (35:54)
Getting Past Barriers of Just Getting Started
Key Traits of a Successful Financial Plan
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Clear Objectives (7:41)
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Comprehensive Assessment (9:40)
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Personalized Strategy (9:01)
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Realistic Budgeting (8:41)
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Finding Financial Drains in Your Budget: Evaluating Expenses to Boost Savings (20:58)
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Effective Debt Management (17:19)
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Diversified Investment Approach (20:24)
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Risk Management Considerations (7:53)
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Tax Efficiency (14:04)
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Retirement Planning Integration (11:26)
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Regular Review and Adjustment (8:34)
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Behavioral Insight (15:21)
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Education and Empowerment (7:41)
Reducing the Cost of Future Medical Expenses that Can Crush Your Financial Plan
Creating a Strong Foundation for Your Financially Free Pathway
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Building an Emergency Account (8:00)
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Transition from Less Time for Money into Value for Money (22:20)
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Creating Multiple Passive Income Streams (11:37)
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Invest in Yourself (13:01)
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Optimizing Your Credit Score (16:55)
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Leveraging 0% Credit Cards Wisely (11:11)
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Stay Informed and Adjust (17:19)
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Seek Professional Guidance (10:54)
Risk Management Considerations
Insurance Options
Financial Literacy is ESSENTIAL FOR SUCCESS
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Always be a Continual Learner (15:18)
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Difference Between Money and Currency (18:51)
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History of Money (22:41)
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Psychology of Money (32:28)
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Difference Between Good and Bad Debt (14:26)
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Leveraging Debt Wisely Can Make You Rich (21:20)
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Differences Between Assets and Liabilities (18:46)
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Cash Flow Quadrants (14:51)
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Making Sure Your Financial Plan Keeps Up with Inflation (12:25)
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How to Become Financially Free in a Collapsing Society (16:53)
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Keeping Up with Geopolitics and Financial Trends Affects Your Local Financial Plan (21:37)
Picking a Date for Financial Freedom
Conclusion
