Confident Steps to Financial Freedom, Wealth Management, Build Wealth, Side Hustle, Passive Income, Debt Free, Save Money

09 Stumped on money management, this financial wellness habit will help

Hello my friend!
In this week’s episode, we uncover a surprising statistic: 51% of consumers earning more than $100,000 a year are still living paycheck to paycheck. If you’re wondering how that’s possible, you’re not alone! Today, we explore one of the common reasons behind it—hidden subscription costs.
I dive into how small, recurring expenses like streaming services, gym memberships, and app subscriptions can quietly add up and keep you from achieving financial freedom. I share personal stories, practical advice, and encouragement to help you become more intentional with your spending. Plus, you’ll learn how to identify and eliminate those sneaky charges without feeling guilt or shame.
Join us for a faith-filled, empowering conversation on taking back control of your cash flow and aligning every dollar with your financial goals. 💸
Tune in now to learn how to start reclaiming your money!
Scripture Reference: Luke 16:10 (CSB)
Connect with Pamela: pamelahreed.com 
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08 Six reasons you should stop focusing on income to grow your money

Hello my friend,
In this episode of Confident Steps to Financial Freedom, we’re diving into a topic that often flies under the radar—your net worth. Many of us are used to focusing on our income or how much we make, but today, we’re shifting the spotlight to why your net worth matters even more when life throws those unexpected curveballs. I explain how tracking and growing your net worth can be a game-changer for your financial stability and long-term peace of mind.
We break down the concept of net worth in simple terms—what you own minus what you owe—and explore how it serves as a financial safety net. Throughout the episode, we uncover key reasons why your net worth plays such a vital role in protecting you from life’s surprises, whether it's sudden job loss, medical emergencies, or economic downturns. Along the way, we tie in Biblical wisdom to highlight the importance of good stewardship and preparing for the future.
Whether you’re just starting to track your net worth or looking to strengthen it, this episode will inspire you to make intentional moves toward long-term security and financial peace.
XOXO,
Pam
pamelahreed.com 👈 Click to visit website and book a coaching call
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07 Getting to the root of what blocks financial freedom and how to conquer it!

In this episode of Confident Steps to Financial Freedom, we take a break from strategy to address a deeply rooted issue that many face on their financial journey—fear. Specifically, the fear of financial lack. We explore how this fear can manifest in different ways, such as anxiety, hoarding money, avoiding financial planning, or staying in jobs you dislike. Drawing from personal experience and faith, we discuss how this fear can paralyze progress and why it’s crucial to address it before implementing any financial strategies.
We also dive into faith-based principles that offer reassurance and practical steps to combat this fear, empowering you to move forward with confidence in your financial future.
Join the Community: Don’t forget to join our Facebook group to connect with others on the path to financial freedom!
Connect With Us:
Website: visit pamelahreed.com to signup for a Financial Freedom Coaching Call
Facebook Group: Join Here

06 Passive Income: The Basics and Ways to Build Wealth, Even With Little Experience

In today’s episode of Confident Steps to Financial Freedom, we dive into a cornerstone of financial freedom: passive income. We break down exactly what passive income is and why it's so critical to building lasting wealth. We also clear up the confusion between multiple streams of income and passive income, emphasizing how passive income truly sets you free by allowing you to earn without actively working.
We discuss key passive income strategies. By the end of this episode, you’ll have a solid understanding of what passive income is, why it’s important, and which assets you can begin exploring to generate it.
Join the Community: Don’t forget to join our Facebook group to connect with others on the path to financial freedom!
Connect With Us:
Website: visit pamelahreed.com to signup for a Financial Freedom Coaching Call
Facebook Group: Join Here

05. Why Your Steps to Financial Freedom are uncertain and 6 ways to ensure financial stability

Welcome, Freedom Walkers! Today, we're exploring the crucial difference between taking a step and taking a confident step on your journey to financial freedom. Let's dive in and discuss how to move forward with clarity and assurance.
Why you should listen:
Clarity and Confidence: Understand the importance of having clear goals and confidence in your financial journey.
Empowerment Tools: Gain access to tips, tools, mindfulness practices, and purpose-driven actions to enhance your confidence.
Six Key Areas of "Knowing":
Knowing God is Your Source:
Knowing Who You Are:
Knowing Your Numbers:
Knowing Your Plan:
Knowing You Are Supported:
Knowing How to Create Good Financial Habits:
This week, focus on "Knowing How to Create Good Financial Habits." Identify one positive financial habit you want to develop or strengthen and how you plan to implement it. Share your habit and plan in our Facebook community group for accountability and inspiration.
Join the FB Community: Pamela Reed Community
Subscribe to Confident Steps to Financial Freedom Newsletter: Get weekly financial tips to create passive income and step into retirement confidently. Subscribe today!

04. Struggling with money management? 5 steps to a good budget system

In today’s episode, we're exploring a crucial factor in your financial freedom journey: ensuring you have enough "money fuel" to reach your destination. Join us as we delve into effective financial strategies and budgeting methods to help you maximize your financial potential.
Why you should listen:
Understanding Financial Literacy Gaps: Discover the importance of financial education and how its absence in schools affects long-term financial health.
Budgeting for Success: Learn about different budgeting methods that can help you manage your finances effectively, including the Income Distribution Method, Envelope Budgeting, and Zero-Based Budgeting.
Tracking Your Spending: Explore tools and apps like Pocketguard, Rocket Money, and Goodbudget that assist in monitoring your expenses and keeping you on track.
Debt Freedom Strategies: Compare the Debt Snowball and Debt Avalanche methods to find the best approach for paying off your debts.
Automation for Financial Management: Understand the benefits of automating contributions to retirement plans, savings, and tithing to ensure consistent financial growth.
Monthly Financial Reviews: Learn how regular reviews and financial tracking can help you visualize spending trends and make informed adjustments.
This week, take the step to choose a budget and a spending tracker, and if needed, a debt freedom strategy. Join our Facebook Group to share your choices and get support from the community.
Join the FB Community: Pamela Reed Community
Subscribe to Confident Steps to Financial Freedom Newsletter: Get weekly financial tips to create passive income and step into retirement confidently. Subscribe today! Subscribe

03. Is retirement planning leaving you overwhelmed? 3 steps for simplifying the process

In today’s episode, we're discussing how to confidently approach retirement—a major financial transition. Many of us save for it without specific goals in mind. Let's dive in and clarify our retirement plans.
Key Points:
Retirement Reality: Retirement may seem far off, but it becomes more real as you reach your 40s and 50s. It can be daunting due to unfamiliar terminology like 401Ks, 403Bs, and IRAs.
Personal Experience: I aimed to retire early by building passive income and maximizing 401K contributions. Achieving this goal was expedited by a job relocation.
Step-by-Step Approach: Tackling retirement planning with actionable steps to reduce intimidation and move forward confidently.
Four Steps to Confident Retirement Planning:
Define Your Retirement Goals:
Think about your ideal retirement—travel, hobbies, family time, part-time work, or starting a business.
Write down specific retirement goals to create a clear vision for the future.
Get Real with Your Numbers:
Write down your current age and desired retirement age.
List all your current retirement savings (401(k), IRAs, savings accounts).
Estimate your current annual expenses.
The Rule of 25:
Multiply your annual expenses by 25 to estimate your savings goal. (e.g., $40,000 annual expenses = $1 million savings goal).
Remember, this includes your current savings, and you have time to build on it.
Mind the Gap:
Compare your savings goal with your current savings to identify your 'retirement gap'.
This gap is what you'll work on closing over the coming years
Complete steps 1 and 2 this week. Get clear on your retirement goals and current financial status. We'll discuss strategies to fill the gap in upcoming episodes.
Join the FB Community: Pamela Reed Community
Subscribe to Confident Steps to Financial Freedom Newsletter: Get weekly financial tips to create passive income and step into retirement confidently. Subscribe today!

02. Does financial freedom seem like a moving target? The key step to get you started toward wealth building

In today’s episode, we're exploring the lighter, more enjoyable side of financial freedom by focusing on envisioning your dream life. Let's delve into the first crucial step on your financial freedom journey: defining what your ideal life looks like.
Why you should listen:
Shifting Mindsets: Understand why starting with actions can be overwhelming and how focusing on your dream life first can be more motivating.
Clarifying Your Goals: Learn how to define your ideal life using the F.I.L.L. Method (Freedom Is Loving Life) to create a clear vision for your financial freedom.
Personalized Financial Freedom: Discover how different dream lives lead to different financial freedom numbers and why personal clarity is key to creating a roadmap.
Emotional Empowerment: Explore how defining your dream life can evoke positive emotions and drive you towards your financial goals with enthusiasm.
The F.I.L.L. Method:
Step 1: FreedomWhat does freedom mean to you?
How would achieving it make you feel?
Step 2: IdealsWhat are your core values?
How can you incorporate them into your life?
Step 3: LifestyleWhere do you want to live?
Who do you want to spend your time with?
What experiences do you crave?
Step 4: LoveImagine your perfect day.
What activities bring you joy and fulfillment?
By answering these questions, you'll gain clarity on what your dream life truly looks like. From there, we can start looking at the numbers and create a roadmap to make it happen.
This week, take the step to do the F.I.L.L. method and determine your dream life. Grab a cup of coffee or tea, sit in your favorite spot to dream, and journal your answers to the F.I.L.L. questions.
Join the FB Community: Pamela Reed Community
Subscribe to Confident Steps to Financial Freedom Newsletter: Get weekly financial tips to create passive income and step into retirement confidently. Subscribe today!

01 How to Achieve Financial Freedom

Hello My Friend,
In today’s episode, we dive into the essentials of what financial freedom really means and 4 pillars to help you achieve it. Whether you dream of paying off debt, saving for a relaxing retirement, or just having extra cash to enjoy life. Im here to get you started on making those dreams a reality.
Enjoy!
Now if you want to stay on this journey by connecting with people just like you join my Facebook Community Group
You can also connect with me on instagram @pamelahreed
Visit my website pamelahreed.com.
 

Confident Steps to Financial Freedom Trailer

I help Christian women rediscover who they are and take next steps to becoming financially free through faith, identity work, mindset work, and taking action. 
In this podcast, you will gain insights to free you from the cycle of stagnation and procrastination coming from self-doubt and overwhelm. My mission is to empower you to take steps to financial freedom through faith,  identity work, mindset work, and taking action. If you are ready to reset your mind and take planned steps to financial freedom.
Now if you want to stay on this journey by connecting with people just like you join my Facebook Community Group.
You can also connect with me on instagram @pamelahreed
Visit my website pamelahreed.com.
 
Thank you for tuning in to Confident Steps to Financial Freedom -
Where faith meets financial freedom, one empowered step at a time.