Limiting Money Beliefs & Building Financial Confidence in Your 20s with CPA & Entrepreneur Ronika Khanna | Ep 31

In this episode, Lauren sits down with Ronika, a Chartered Professional Accountant (CPA) and founder of Montreal Financial, who teaches her clients how to confidently manage their finances. They explore the importance of financial education, how to invest to grow your wealth, and the journey of entrepreneurship. Ronika shares her insights on overcoming limiting money beliefs, the significance of building a solid financial foundation, and the power of compounding savings. The discussion also touches on the importance of mindset shifts, the value of side hustles, and practical money habits. If you’re looking to build financial confidence, this episode is for you.Takeaways:Understanding money is not as complicated as it seemsEducation is key to building a solid financial foundationStarting to save and invest early can lead to huge benefitsIt’s essential for women to understand and have access to their financial dataMost people have limiting money beliefs, which are irrational beliefs about moneyMindset shifts are necessary for overcoming financial barriersThe most impactful way to improve your financial situation is to increase your earningsWeekly money habits, like reviewing subscriptions and investments, can improve financial wellnessSide hustles can provide additional income and fulfillmentInvesting in ETFs can be a smart way to grow wealthPatience is essential in the entrepreneurial journeyChapters:02:16 Ronika's Journey: From Corporate Finance to Entrepreneurship05:01 The Importance of Financial Education06:44 Balancing Passion and Profession13:31 Debunking Money Myths14:33 Building a Financial Foundation in Your 20s and 30s24:34 Limiting Money Beliefs and Their Impact28:28 Overcoming Limiting Beliefs33:43 Mindset Shifts for Financial Success36:50 The Importance of Financial Awareness39:34 Habits for Financial Well-being48:47 Lessons from the Entrepreneurial Journey54:33 Embracing Gratitude in Daily Life55:34 The Impact of Gratitude on Mindset and BusinessIf you know someone who could benefit from listening to this episode, please share it with them. As always, I welcome your thoughts and feedback. You can also support the podcast by subscribing, leaving a review, commenting, and responding to the poll. Thank you! 🙂Contact Us: https://www.thenakedtruthwithlauren.com/contact Newsletter: https://thenakedtruthwithlauren.kit.com/newsletter Email: [email protected] IG: https://www.instagram.com/thenakedtruth.pod Connect with Ronika:Website: https://www.montrealfinancial.ca/ YouTube: https://www.youtube.com/@montrealfinancial Newsletter: https://www.montrealfinancial.ca/newsletter