What's Your Money Persona?
My Fab Finance Founder Tonya Rapley drops by #YourMoneyStory to talk about entrepreneurship, how to set your children up to be financially stable and her recently launched Money Persona quiz.
Welcome back to Wealth for the Culture, folks!
Do you know your Money Persona, what it can tell you and how to best make use of it? I’m not talking about the often asked, “are you a spender or a saver?”
My Fab Finance Founder Tonya Rapley recently dropped by #YourMoneyStory to introduce the Money Persona quiz. She, her team and a group of consultants took about six months to create it so you could know where you stand with your money story and the steps you need to take to improve.
No level is “bad,” she says. The worse situation you could find yourself in is simply not knowing where you stand. So if you find you’re in the beginning stages, that’s great—now you know where you are. The quiz results will give recommendations on how to get to the next level.
No spoilers here, but I will tell you that my results were spot on. And they’re helping guide me as I plan for my financial future.
The levels are all representative of Tonya’s journey. Growing up in a military household, Tonya shares how because her parents had stable income, she didn’t necessarily explore other options when it came to wealth building. Her parents were her savings plan. And in her own finances, she was distressed. So she first had to establish her own relationship with money.
That meant creating her own strategy for savings and wealth building, she says, adding, “…understanding that I was going to exist in a different workforce than them and I needed to plan my finances accordingly.”
Today, Tonya’s become quite masterful at managing her finances. Though even as a financial educator, Tonya is still learning. In fact, she’s studying the art of day trading through Teri Ijeoma’s Trade and Travel course.
To date, Tonya has supported more than 100,000 women in taking control of their finances and becoming financially free. And on that note, she says:
“The best thing about financial freedom is not just having money, it’s about the convenience that comes along with being able to make decisions that are in your favor, because you are financially secure enough to do so,” Tonya says.
She drops several jewels during our conversation, including:
The mental shift from being an employee to entrepreneur
Remaining coachable
Delegating
The playbook on how she and her husband set up her son for financial success
Check out the full conversation! I’ll leave you with this last nugget Tonya also shared:
“Having money isn’t everything, but having money gives you options.”
How are you creating options for yourself?
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Talk to you next time,
Renita
#PersonalFinanceCurator
Excellent information!