Tiffany “The Budgetnista” Aliche is an award-winning teacher of financial empowerment and is quickly becoming America’s favorite personal financial educator. In 2014, Tiffany founded the Dream Catcher Community, a virtual community of over 650,000 thousand women from 100+ countries. She is the author of five #1 Amazon bestsellers, The One Week Budget and Live Richer Challenge. Her financial advice has been featured in The New York Times, Reuters, the TODAY show, PBS, TIME, ESSENCE Magazine, Forbes and many more! n this episode you’ll hear Tiffany’s story and learn how she went from a perfect credit score with money in the bank, to losing a home and being over $300,000 in debt, to building a multi-million dollar business and being one of the most popular financial literacy influencers of our time.
- “There is no such thing as a small financial choice.” – The Budgetnista
- Tiffany grew up in a family that discussed money in an honest and open way. Her father was a CFO and an accountant.
- The first real-world experience Tiffany had with money was when she wanted a bike for her 10th birthday. Her dad sat her down and showed her the families’ budget.
- Before you can teach your family about being financially literate, you have to learn yourself. You can’t teach or preach what you don’t know.
- Tiffany set up a piggybank on Amazon for her daughter. The money gets split up into savings/investing, giving/spending. SuperGirl understands that when she gets any money it must go into one of these categories.
- The best way to get a friend or family member to open up about financial talk is to talk about yourself first and let them know where you’ve been struggling with your budget.
- If there are no in person financial resources groups in your neighborhood or within your circle of influence, start with online groups. It can sometimes be easier to discuss your financial struggles in forums and chat groups.
- Your success is tied to the sum of the five people you hang out with most. Remember, Tiffany originally saved $40,000 while only making $40,000 a year because saving and budgeting was a priority.
- Relationships are everything. There are some doors that cannot be opened from the outside. It doesn’t matter how smart you are or how hard you work. You can only get in by somebody opening the door. -Tiffany breaks her friends into three groups: Peers, Mentors and Mentee’s.
- Before some of Tiffany’s major successes in business, she fell victim to an investment scam, overcame foreclosing on her house and had to pay off more than $300,000 in debt.
- Take responsibility for your poor financial decisions.
- One of the best ways to figure out your career path is to volunteer.
- You subconsciously act on your passions everyday and gravitate towards things you like to do. Become aware of this and parlay it into a career path.
- If you have an idea for a business that doesn’t already exist. Don’t start it. Instead find a niche within an already existing industry and master it.
- Don’t forget where you came from, financially and mentally. Even after “making it,” Tiffany continues to follow the financial principles that got her to where she is today. For example, she kept her wedding reasonable, only spending $2,500 while saving up to pay cash for her dream home.
- After you’ve “made it,” pay it forward with your friends, family, and employees. When you do well, bring other people up with you.
The Takeaway: Take responsibility for your finances, build your network, and pay it forward.
Tiffany Aliche on Social Media:
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