1 SENTENCE SUMMARY: In Clever Girl Finance, Bola Sokunbi provides a roadmap for women to overcome financial obstacles, gain confidence, and take control of their financial destiny.
“Financial freedom is not a destination; it is a journey. The path to financial freedom is arduous, but it is attainable with focus, dedication, and ambition.” – Bola Sokunbi
Quick Info
Category: Personal Finance
Publish Date: 2019-06-25
# Pages: 240
ISBN: 1119580838
Where to Get It:
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Table of Contents
Overview
Clever Girl Finance by Bola Sokunbi is a must-read book for every woman trying to take control of her finances.
This comprehensive guide is filled with personal finance tips and strategies to help women confidently manage their money.
Through her unique approach, Sokunbi helps readers identify their financial goals and develop a plan to meet them.
From budgeting to building credit, investing in stock markets, and more, Clever Girl Finance provides readers with the tools they need to build their financial future.
With Sokunbi’s step-by-step guidance, readers build their financial knowledge and achieve financial freedom.
4 Key Lessons from Clever Girl Finance by Bola Sokunbi
1. Make a Budget and Stick to It
Creating a budget is an essential first step in getting your finances in order.
A budget will help you track your spending and identify areas where you can cut back and save.
It is important to review your budget regularly to ensure that you are living within your means and taking advantage of any savings opportunities.
By creating and following a budget, you will be able to remain disciplined and stay on track with your financial goals.
2. Pay Yourself First
Paying yourself first means that you should set aside a portion of your income each month for savings and investment.
This money should be earmarked for your long-term financial goals such as retirement, college tuition, or a down payment on a home.
By setting aside this money first, you are ensuring that you are saving for your future and not spending it on immediate needs or wants.
3. Diversify Your Investments
Diversifying your investments means spreading your money across different asset classes such as stocks, bonds, mutual funds, and real estate.
This strategy helps to reduce risk by providing a more balanced portfolio.
Having a diversified investment portfolio will also help you to maximize returns in different markets and minimize losses during downturns.
4. Take Advantage of Tax Benefits
Understanding and taking advantage of the various tax benefits available can help you to save money on your taxes.
These tax benefits might include deductions, credits, or other tax-favored investments.
By exploring and utilizing these tax benefits, you can reduce your tax burden and increase your returns.
Who Should Read It
This book is best suited for young adult women who are looking to learn more about personal finance and develop better financial habits.
It is ideal for those who want to gain greater financial freedom to make the most of their money.
Where to Get It
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About Bola Sokunbi
Bola Sokunbi is a Certified Financial Education Instructor, author, and founder of Clever Girl Finance, Inc.
She is an international speaker and writer on personal finance, entrepreneurship, and leadership.
Bola is committed to empowering women to take control of their finances and make smart decisions to build wealth and achieve financial freedom.
She is an advocate for financial literacy and helping women become financially independent.
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Over to You
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Simon
Welcome to DailyBitsOfWisdom.com, my passion project inspired by my own battle with depression. Here, I share resources on journaling, positive affirmations, self-help insights, and book summaries, creating a nurturing space where we can connect, learn, and grow together on our journey to self-discovery and personal growth.