I’m sure you can agree that 2020 brought about many surprises for many of us including being quarantined, job losses and transitions, deaths, police brutality and much more.

However, today I’d like to invite you to refocus your attention on all that has gone right for you this year. It’s much easier to focus on the bad and miss out on experiencing joy and peace that comes from meditating on the good this year has brought about as well.

Today I’d like to share with you 7 Financial lessons Covid-19 Came to Teach Us and they are:

1. Nothing is Permanent– Therefore, always express gratitude and appreciation for what you already have. 2020 definitely came to teach us this.
   
2. Having an Emergency Fund is Essential to “Surviving” in Today’s Economy– I hear so many excuses from people on why they can’t save any money however, they stop by Starbucks every morning before work, they eat takeout multiple times a week, their hair and nails are done every week; should I go on? The lesson here is to make saving a priority because rainy days do come and you’d be better off having funds readily available to avoid you experiencing a time of panic.
   
3. Having a “Thriving” Budget is Essential to Live the Life of Your Dreams- Truth is, nothing just happens but you must plan for it. Log into your bank account, grab a pen and pad, review what you spent over the last two weeks, then tally up every unnecessary expense (meaning something you did not NEED but only wanted but could have waited) and then total up the cost. The number you see there could have went toward your vision aka your “Thriving Budget.” As you can see, there really are no excuses.
   
4. Pay Attention to What You Spend on a Daily Basis– My daughter recently moved onto college campus therefore, I do not cook as often as I used to however, I do consider myself a very frugal person meaning I do not believe in unnecessary spending. Now on the flip side I can also convince myself why I need something or am deserving of it when truthfully that money could have went into my personal or business savings. The activity above from #3 should help you identify what you spend on a daily basis. To take it a step further follow the same steps but go back 90 days and tally up the things you spent money on unnecessarily. Often times it’s not until we see a thing on a paper that we can then enforce change.
   
5. One Stream of Income is NOT Enough- The average millionaire has 7! Now some thing I have noticed during this quarantine is people being creative whether through baking, t-shirt designs, masks, and more. However, there is a difference between being a hustler (a person who is out to make a dollar) and a business man or woman (someone who seeks to impact change before income.) While you are playing around with your craft be sure to take it serious and study the essentials to business such as customer service, setting up business accounts; etc. Prepare for what you desire to manifest in your life because you never know that one idea could blow up and generate multiple streams of income!
   
6. Talk to Your Children About Financial Wealth– It’s important to share with our children about the power of ownership and what it means to be financially independent. Teach them about credit now and the importance of spending cash rather than developing the habit of swiping a card. I too had to discipline myself to carry cash because as Dave Ramsey said, it’s important to feel the money.
   
7. Discipline VS Decision– Sometimes we make excuses for our poor choices and behaviors by saying, “I need to be more disciplined.” When the truth is you just need to make a decision. Decide today what your life will look like financially and then develop habits that support what you say you want.

Comment below and share which point resonated with you the most!

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