Date and Time

Length

1 hour

Description

Join us for our monthly public Zoom call, Financial Sense¢. This program is open to the public and is included on the ACB Community Schedule. In addition to our Zoom room, you can access this live on Facebook and Youtube, and it will be in the ACB Community Clubhouse House.

What to Expect 

Financial independence is more than just a buzzword; it’s a life-changing goal that can provide you with the freedom to live life on your terms. Whether you’re just starting your journey or looking for ways to enhance your financial strategy, this program will offer valuable insights and practical steps to help you reach your financial goals. 

Welcome and Introductions (10 minutes) 

• Introductions: Facilitator and participants briefly introduce themselves.
• Workshop Objectives: Overview of the program goals.
• Icebreaker Activity: Participants share one financial goal or what financial independence means to them. 

Understanding Financial Independence (10 minutes) 

• Definition of FI: Explain what financial independence is and why it matters.
• Key Principles: Discuss the main principles of FI, such as living below your means, saving and investing, and avoiding debt.
• Benefits of FI: Highlight the benefits of achieving financial independence, such as reduced stress, increased freedom, and the ability to pursue passions. 

Key Strategies for Achieving FI (20 minutes) 

• Saving and Investing:
  • Importance of saving a significant portion of your income.
  • Basic investing strategies and the power of compound interest.
• Debt Management:
  • Strategies for reducing and eliminating debt.
  • Importance of avoiding high-interest debt.
• Frugality and Budgeting:
  • Living below your means and cutting unnecessary expenses.
  • Creating and sticking to a budget.
• Multiple Income Streams:
  • Benefits of having multiple income sources.
  • Examples of side hustles, passive income, and investments. 

Interactive Session: Building Your FI Plan (10 minutes) 

• Setting Goals: Participants outline their personal financial goals.
• Actionable Steps: Guide participants through identifying immediate steps they can take toward FI.
• Resource Sharing: Share tools and resources that can help participants on their FI journey (e.g., budgeting apps, investment platforms, books, and blogs). 

Maintaining Financial Independence (5 minutes) 

• Sustaining Habits: Discuss the importance of maintaining the habits that lead to FI.
• Planning for the Future: Emphasize the need for ongoing financial planning and adjustment as circumstances change.
• Emergency Fund: Stress the importance of having an emergency fund to cover unexpected expenses. 

Conclusion and Next Steps (5 minutes) 

• Recap: Summarize the key points covered during the program.
• Action Items: Provide participants with a list of immediate actions they can take.
• Encouragement: Offer motivational tips and words of encouragement.
• Feedback and Networking: Encourage participants to share their feedback and connect with each other for ongoing support. 

This program is designed to provide you with a solid foundation in financial independence, offering practical strategies and actionable steps to help you achieve your financial goals. Whether you’re aiming to pay off debt, build savings, or create multiple income streams, this workshop will equip you with the knowledge and tools you need to succeed. 

Don’t miss this opportunity to take a significant step towards financial freedom. Join us for “Unlocking Financial Freedom: What is Financial Independence?” and start your journey to a brighter, more secure financial future.