Dawn Dahlby, Certified Financial Planner and Author of 'Live WELLthy: Own Your Worth. Grow Your Wealth,' joins ChedHER to discuss the best ways to earn and grow wealth, and how to know your worth at work.

Ways to Earn, Own, and Grow Your Wealth

Well joining us now Don Dolby certified financial planner and author of upcoming book Live wealthy own your worth, grow your wealth. Don thanks so much for joining us now, you believe living wealthy is about way more than what's in the bank. So what exactly does living wealthy mean? What does wealth look like and how does it differ from person to person? Yes, well good morning and thank you for having me and my version of living wealthy is really about building both your worth, which is your internal worth as a human being and your external financial security at the same time. Really? Yeah, it's really about the differentiation of really getting crystal clear on who you are as a human being, aligning really what I would call your strengths and your core values, your vision and your purpose and align and getting really crystal clear on who you are as a human being and aligning your wealth building journey to those areas. I want to talk about the programs that you offer related to wealth and you specify how to own it, how to earn it and also how to grow it. So I want to start with something top of mind for a lot of us it's earning it. What are some best practices to earning your wealth? Yeah, and I think that's top of mind for all of us is how to earn more wealth and what I really believe is people need to really focus and develop the skills around the acronym, I call star and the s stands for really focusing in on your strengths. I believe everyone should be in their own zone of Genius where we're spending 70% of our time on our strength when we're trying to earn more money. The T and Star is really about your time and your tasks like focusing on what you are doing on a day to day basis when you're working on the task, like Tony Robbins always says so many of us major in minor things and we really need to upgrade the work that we're doing and making sure that the task that we're doing are in alignment with the type of income we want to have. Now the A and Star is really about asking for help. I've had so many people come to me and say, you know, I'm in an industry that doesn't pay what I want to be paid. And so I'm always saying ask for help, get out there and negotiate, get out there and network and learn about different industries because you can apply those same skills and those same strengths in different industries. And finally the are in Star is about results. You want more results as an income earner, the company or your clients that you're working for. Want better results too. So really focusing on those results as well as well. I love that it's so easy to remember and speaking of the asking for help part of the Star acronym, how can women ensure they're being compensated appropriately. I think of, especially in this environment. Yeah, that's such a great question. I think women really don't necessarily own their worth, meaning we feel uncomfortable, we feel insecure, we feel like we don't like conflict and so we're afraid to go out and negotiate for what we're worth. And I'm gonna tell you negotiation is a non negotiable and I always tell people remember that you are negotiating across the tape From somebody and you're negotiating not with that person, but you're negotiating with the company. You are going to deliver better results for that company. And in turn they will get better results. And I always tell all my clients, you know negotiation is hard for all of us but being uncomfortable for five minutes in a negotiation situation is way better than being uncomfortable financially for the next 12 months. Yeah. 100%. And is that part of what you teach when it comes to owning it? Because it's not necessarily just about owning physical objects? How exactly does someone own their wealth? Yeah, owning your wealth is really about owning who you are as a human being. It's about getting clarity. I think so many times, especially as women, we don't spend enough time just getting crystal clear and not just what our needs are but our wants are what is our purpose, what is our vision? What are our goals? What are our strengths so we can earn more? What are our core values? So we can be really crystal clear and smart on how we spend our money and owning your worth is really owning you and understanding exactly what you want. So you can live a more fulfilled life. Don I think something that's a big focus for people right now, Women and also investors just generally is also growing your wealth. What are your tips for how we grow our wealth? Yeah. Growing your wealth is where it's actually the easiest part in owning your worth and growing your wealth. It's easy because it's the technical part if you just follow a financial plan and understand what needs to happen with a financial plan, but To grow your wealth, I'm telling you right now in today's markets where the markets are on sale, they're down at 20%. It's such an imperative time for investors to not only save their money but to get that money invested in the market. So that's the first step. The second step is also how do you minimize your taxes? Our biggest expense In life is taxes. So how do you, how are you minimizing your taxes as well as getting your money invested. And then finally, like I said earlier, just have a financial plan, have a comprehensive financial plan, work with the fiduciary wealth advisor that's going to help and guide you because that's the only way you're gonna be able to get clarity in your life regarding your finances? Yeah, just about 30 seconds left here? But what's the best piece of financial advice that you've ever received? Yeah, that's a great question. It's really about, you know, so many times people think they have to put away all their wealth for tomorrow, but I truly believe that you can actually have a plan where you can live for today, live in regards to your core values and plan for tomorrow at the same time and you don't have to give up today to do that. Don Doll be a certified financial planner and author of live wealthy own, your worth, grow your wealth, mark your calendars. Also, you can get your hands on a copy of the book, April 11, 2023. Thank you so much for joining us.