Financial Wellness with @chinaealexander & @theshannonmclay at Energi

In case you missed it, we sat down with Chinae Alexander and Shannon McLay to discuss the importance of being financially well. Shannon is the CEO of The Financial Gym, a financial planning service that provides "trainers to whip your assets into shape!" Chinae kicked off our conversation by being really vulnerable about a time when she was $23,000 in credit card debt. Talking money can be tough, and discussing finances has become taboo in today's society. Chinae and Shannon discussed debt, money, credit card, and investing, and how it ALL applies to self-care and relationships. Talking through your finances aloud, whether through a consultant, a family member, or friend, can help you become more aware and confident when approaching your finances. Every attendee was given a handout from The Financial Gym, so each person could calculate their own financial digits. Calculate your digits below, so you too can become financially fit!

  1. 15% = your minimum gross monthly savings

  2. 6 = months of fixed expenses saved in emergency savings account

  3. 750 = minimum credit score

  4. 35% = max amount of credit card utilization at any given time

  5. 35% = goal debt / income ratio

  6. 2 = minimum number of investment accounts you should have (1 taxable-brokerage, 1 non-taxable- IRA, 401K, SEP, IRA, etc).

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