In this episode, Hazel delves into the crucial topic of financial responsibility and the concept of financial power. Emphasising that finances are always your responsibility, regardless of your current situation, the discussion explores various ways individuals may inadvertently give away their financial power. 

• KEY TAKEAWAYS
  Personal Responsibility for Finances: Taking responsibility for your financial situation is crucial, regardless of whether you are in debt or have significant assets. The more control you take over your finances, the better your outcomes will be.
• Recognizing Power Loss: Individuals often give away their financial power through various means, such as lack of knowledge, poor planning, comparison with others, and reliance on partners or financial institutions. It's important to identify these behaviours to regain control.
• Understanding Debt: Differentiating between good debt (which generates income) and bad debt (which incurs expenses) is essential. Bad debt can significantly diminish your financial power.
• Caution with Financial Advisors: When working with financial institutions or advisors, it's vital to conduct thorough research and maintain an understanding of your investments. Relying too heavily on others can lead to significant financial losses.
• Pros and Cons of Delegating Financial Control: While delegating financial management can provide time freedom and potential passive income, it also comes with risks, such as losing control and being vulnerable to exploitation. Always weigh these factors before deciding to give away financial power.

BEST MOMENTS
"Regardless of your situation, they are always your responsibility."

"Comparison is the thief of all progress. What you have and what you do is your business."

VALUABLE RESOURCES

Click here to download your FREE gift, our Financial Freedom Spreadsheet, to help you get a 'snap shot' of your finances...

https://www.the-freedom-club.com/financial-freedom-spreadsheet-landing-page

ABOUT THE HOST

Having started her career as a professional, classical musician, Hazel de Kloe also had a personal quest to become financially free. 

She and her husband built a successful, multi-million-pound property business, next to their own careers, but soon realised that true freedom doesn’t JUST come from being financially independent…

Having meant so much to her family, it has been her passion ever since, to inspire, educate and empower others on their journeys towards this 'Holy Grail'. 

During one particular property mentoring session back in 2009, she had a powerful recognition of exactly how to facilitate this. Nicknamed now, The Wealth Whisperer, she has a unique way of getting to the crux of what is needed to help fulfil this quest.

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