Your Financial Checklist

by Galia Gichon on October 8, 2018

I have an exciting workshop I’m co-leading coming up November 28: 

The Woman’s Compass Workshop: Guiding You Through Financial, Legal and Self Care

I’m also speaking at the PA Conference for Women and have led more than 10 workshops in the last few months including: Barnard College, Her Corner, Center For Family Justice, Corporations, Berkeley Carroll School and more If you want more information about bringing me to your organization, here is my list of topics.  I’m still meeting with clients on an individual basis – send me an email for my calendar!
 
In the meantime, I still use this financial checklist when I’m meeting with clients. It’s a great way to get started on what to tackle with your independent financial plan!  

Your Financial Checklist
Check off the following boxes that you have accomplished. You may not be able to check everything off, but it will help you decide which areas of your personal finances to focus on. For the unchecked boxes, just try and complete one at a time. You don’t want to overwhelm yourself.  This is especially important if you work for yourself, are a freelancer or entrepreneur.

  • I have set a 6-month goal of where I want to be financially.
  • I know approximately how much I spend on all my monthly bills.
  • I know my fixed versus variable expenses.
  • I know what de.bt I owe and to whom I owe it.
  • If I have de.bt, I have set up a plan to get out and stay out of it.
  • I have 6 – 9 months of monthly expenses saved for emergencies.
  • I am automatically saving money (and/or investing) on a monthly basis.
  • I have at least one cre.dit card registered in my name – not with a joint partner or parent.
  • I have run a credit report and know my credit score in the last 12 months.
  • I am paying my bills every week.
  • I have a percentage of my income deferred to a long-term retirement account (including 401(k), SEP IRA, and/or ROTH IRA).
  • I am matching my investments with specific goals (i.e. saving for a house).
  • I can easily locate paperwork for my investments, insurance policies, and home rentals or ownership.
  • I know the total value of my net worth – as of the last quarter.
  • I understand all the investments in my portfolio: non-retirement and retirement.
  • I have done a checkup on my investments in the last 12 months.
  • If I am self-employed, I have health insurance.
  • If I rent, I have renter’s insurance.
  • If I own a home, I know the current value, including size of the mortgage, amount of equity I’ve built and interest rate I am paying. Plus, I know what kind of homeowner’s coverage I have.
  • I have an updated will, living will, health care proxy, trustee and guardian.
  • If I have children or dependents, I have life insurance.
  • If I have children, I am saving for their college education.
  • If I have a net-worth over $1,000,000, I am focusing on estate planning.
  • I have reviewed my will, insurance policies, and investments within the last 12 months.
  • If I am self-employed, I have disability insurance.
  • I am talking about money and sharing my money goals with my spouse, partner, parents, children and close friends.

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Need Advice on How to Grow Your Business?

by Galia Gichon on March 19, 2018

Together, We Can Find Solutions To What’s Holding You Back. 

As you may know, I’ve been working with clients and their finances for more than 20 years as an Independent Personal Finance Expert through Down-to-Earth Finance and working with Entrepreneurs (Women-led) on their businesses.  The last year, I’ve been leading an amazing Accelerator program for Women business owners, designed by Her Corner.

I’m happy to announce that our next Her Corner Accelerator Program is starting on May 11th in NYC. Learn more about this amazing program through a live call on March 22nd at 10:30 EST. Register now to hold your space! 

The common issues we’ve seen with our clients is that they tend to work alone and need help along the way – with both their personal finances and growing their business. When they receive independent and personal support, they’re able to succeed much easier and faster.  Here are some examples:

1) One of our clients, who was about 10-15 years away from retirement, had savings accounts managed by multiple companies. By consolidating them into one company and picking new index funds, we were able to accurately project how much she needed to save going forward in order to retire on schedule.

2) A Her Corner Member was sharing her frustrations with us about a hard time she was having with a difficult customer.  She didn’t want to lose the business but had altered her pricing and standard service procedures.  After working with the Accelerator Program, she clearly saw that the way forward involved returning to her company’s core values. Read the Full Story here.

3) A client of ours recently saved over $6,000 in three months by allowing us to recreate her budget. By putting her on a structured spending plan coupled with reducing fixed expenses (including analyzing her paycheck), she was able to realize substantial savings!

4) A Her Corner member recently added more than $6,000 in monthly revenue just by working with us! We focused on adjusting her rates and helping her find the time to implement her new marketing plan.

To learn more about the Her Corner Accelerator Group I’m leading in NYC or to receive a personal finance checkup, please email me at galia@downtoearthfinance.com.

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Easy Ways to Organize Your Money

November 12, 2017

I’ve been giving many seminars the last few months at colleges, artist organizations and for entrepreneurs. For more information, click here.

Let’s face it we all have an old 401k lingering, IRAs at multiples firms. What surprised me recently when I was teaching my course at Barnard College Athena Center for Leadership “Keeping Your $20’s In […]

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Do Your Personal and Business Finances Mix?

May 3, 2017

Many of you reading this newsletter are Entrepreneurs, Freelancers or Business Owners.  I’m giving a seminar “Develop a Winning Pitch Deck” on June 15th in NYC.  Even if you aren’t ready to raise money, it’s a great opportunity to articulate the key concepts of your startup in just one day.
When I first started working with clients years […]

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Secrets of Successful Entrepreneurs

November 29, 2016

It’s been a busy – yet wonderful fall! The last few months I’ve been intensively involved with UberPitch, for Women-led tech companies partnered with Refinery CT, Uber, Kauffman Foundation and even NPR. I spoke at TechWeek in Kansas City and also started my 10th (!) year teaching Personal Finance at Barnard College.  I’m also super […]

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Time to Talk About Money

August 30, 2016

I haven’t posted an article in a long time but I’ve been busy.  I’ve been giving Personal Finance seminars and workshops (Barnard College, Athena Center for Leadership, Lark Theatre, Playwrights of NY) and have been working with female founded start ups.  After so many of you asked about my next article, I decided it was time […]

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Personal Finance for Freelancers and Artists

May 18, 2015

Personal Finance for Artists & Freelancers. 3 Day Video Course
Produced by Creative Live, Written and Taught by GALIA GICHON
Surviving and thriving as a freelancer or working artist requires strong financial management skills, but getting there can seem stressful and overwhelming. Join financial expert and MBA holder Galia Gichon for a course you can’t miss!  It’s […]

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Lessons From Young Women and Money Conference

February 11, 2014

In December, I was thrilled to speak at the YWCA Berkley  “Young Women and Money” conference in Oakland, CA. This was the same trip when I filmed my Creative Live course “Personal Finance for Artists and Freelancers.” 
Valerie Coleman Morris  was the other keynote speaker. Many of our talking points were similar which affirms the importance of our […]

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