Your Journey to Financial Freedom Begins Here

Let's be honest, who wouldn't want both a fulfilling life now and a secure future?

Welcome to the first edition of the Live Rich Retire Rich newsletter. I'm excited to embark on this journey towards financial freedom with you. In this newsletter, I will share my objectives and provide a glimpse into what you can expect over the next few weeks.

Who Am I?

I'm Najma Zanelli, author of MRS Independent, certified life and business coach. After spending two decades in Finance and Healthcare at Fortune 100 companies, I am passionate about helping people achieve lifelong well-being. As a mother of two, I faced the challenges of limited childcare options and the demands of a career. In May 2023, I took a bold step and started my own consulting business, applying my professional skills to optimize our family's finances. This has allowed us to maintain our lifestyle, and travel more on less income. Yes, you read that right- we do more with less! My mission is to empower you to enjoy a fulfilling life today while building a secure financial future. You ask how?

Why Did I Start This Newsletter?

I launched this newsletter to help you achieve financial freedom through practical education and sustainable lifestyle changes. My goal is to provide you with the tools and knowledge to master your finances, no matter the amount, because I believe the way you manage $20 reflects how you will manage $20 million.

It breaks my heart to see so many passionate entrepreneurs pour their heart, soul, time, and money into their businesses, only to neglect their personal finances. You deserve to live well, enjoy the fruits of your labor, save for emergencies, fund your children's education, and retire rich! Remember, no business is guaranteed to last forever. Diversify your investments and treat your business as part of a broader financial strategy.

My dad passed away at the young age of 69 from Parkinson’s disease, shortly after retirement. Along with my mom, he provided a rich life for six children in a high-cost city like NYC. We didn’t have luxury, but we were rich in values and experiences. Despite being a world-class chef, he rarely indulged in himself. He wouldn’t even buy himself a cup of tea or coffee when he was out. He invested heavily in our native country, Bangladesh, a place we seldom visit. I wish he had enjoyed more personal experiences and splurged on himself. Let’s learn from his story: enjoy life now while planning for the future.

People around the globe have similar stories, and we are grateful for our parents’ sacrifices. However, many have adopted a scarcity mindset around money, holding onto it for dear life. Limiting beliefs such as "money doesn’t grow on trees" and "we should work hard and save every penny in case of disaster" can be pervasive. On the other end of the spectrum, some spend like there is no tomorrow, splurging with credit cards and accruing massive debt to maintain a lifestyle they can't afford. The need to keep up takes a huge toll emotionally and mentally, and physically.

Let’s change the narrative and mindset around money. Money is energy, and it needs to flow. Have fun with it. I’m not saying to be irresponsible; be wise, live well, and have a savings strategy that allows you to even play with a small percentage of it and take big risks. It can be done! Keep following us, and I’ll show you how.

Goals for You

● Boost Your Financial Well-Being: Equip you with the knowledge and tools to enhance your financial health.

● Foster Financial Confidence: Create a safe space for open and comfortable discussions about personal finances.

● Simplify Financial Concepts: Break down basic financial terms into easy-to-understand insights.

● Inspire Smart Money Management: Encourage practical and sustainable habits for managing your finances effectively.

● Build a Supportive Community: Connect you with like-minded individuals to share experiences, challenges, and successes on your financial journey.

Budget Blues? We Hear You!

Tired of Budget Battles? We Have a Winning Strategy (and It's Not Boring!)

Budgets can feel like a total drag – dusty spreadsheets and saying "no" to everything fun. But what if achieving financial freedom was more about getting smart with your money and less about feeling deprived? Here's the secret: budgets are like a delicious recipe for your financial future. They help you track where your money goes, just like a recipe tracks ingredients. Instead of boring numbers, you get to see your dream vacation or that killer new car you’ve been eyeing!

Your Recipe for Financial Success

I believe creating a financial plan should be just as rewarding as achieving your goals. Think of it as your own personalized recipe for the future, with clear steps and ingredients that lead you to the life you love.

This newsletter is your one-stop shop for financial wellness. I'll be dishing out actionable tips on:

• Conquering Debt: Develop a personalized strategy to tackle debts and free up your cash flow for the things you really want.

• Building a Savings Powerhouse: Learn how to save like a pro, even on a tight budget. Make your money work for you!

• Demystifying Financial Talk: Translate complex financial terms into clear, actionable steps you can use with confidence.

The Power of Community: You're Not Alone!

Financial freedom isn't just about numbers – it's about feeling empowered and supported. I'm building a vibrant community where you can share your wins (big or small!), ask questions, and connect with others on a similar path. Just reply to this email to join the conversation.

By joining the Live Rich Retire Rich community, you'll gain access to:

• Expert Financial Advice: Weekly insights and strategies from leading financial advisors, tailored specifically for women like you.

•  Success Stories: Get inspired by real-life experiences of women who have achieved financial independence.

• Weekly Challenges: Stay motivated with fun and achievable tasks that will propel you forward in your financial goals.

•  Resource Recommendations: Discover valuable tools, apps, books, and websites to enhance your financial literacy.

If You Are Interested in Financial Freedom

If you are interested in learning how to obtain financial freedom by making lifestyle changes and applying what you’ll learn to your current and future financial situations, you will love this newsletter! Here's what we'll do together:

• Lower your debt

• Understand the psychology behind money

• Find savings in your life

• Become familiar with financial language

• Increase your earning potential

• Much more!

Remember, if you are diligent, you will prevail. Sacrifice instant gratification for infinite gratification! As we come together each week, I encourage you to share stories and ideas.

You Won the Lottery… Now What?

Imagine you’ve just won the lottery! Millions of dollars are about to be yours. Take a moment to think about how you would feel, what you would do with the money, and how it would impact your relationships with those closest to you. Write that down.

Consider These Questions:

• How would the most important people in your life react if you won the lottery?

• Is their reaction similar to or different from yours?

• Would winning the lottery strain your relationship?

• Share what you would do with the money.

• Compare your beliefs and behaviors with those of an important individual in your life. Why or why are they not similar?

• Would winning the lottery be a good or a negative thing for your relationships? Why or why not?

Why This Activity?

I start our journey with this activity because many people think, “If I only had more money, I would be so much better off.” But the reality is, if you are not managing your money well now, would you really manage more money better? Throughout the weeks, you will learn and develop new behaviors while engaging those in your life to do the same. You will notice an increase in your financial freedom because of the way you are managing your money, not because you have more money. This will be sustainable financial freedom!

Upcoming Topics Overview

Let's explore aspects of financial management to help you achieve your goals:

Spending and Budget:

• A nutritional plan for your money

• Just as you overeat junk, you can overspend on junk.

• You can still spend, but our goal is to get you to a better place.

Psychology of Money:

• How Your Beliefs Impact Your Behaviors

• Understand self-worth and its influence on your financial decisions.

Love and Money:

• How Finances Impact Our Relationships

• Develop a healthy relationship with money.

Essential Components of Any Financial Plan

• Set short-term and long-term goals.

• Learn why saving and investing are crucial to reaching your financial goals.

Stay tuned for our next newsletter, where we’ll dive deeper into spending habits and budgeting strategies. Let’s embark on this journey to financial wellness together!

LASTLY- My promise to you on future newsletters is that they will be approximately a 5 minute read. This one was a little special! 🙂Thank you for joining this community and I am grateful for you on this journey. I am also learning along the way!

In Abundance,

Najma Zanelli
Founder, NAZ Global Consultancy
Mail: [email protected]