Unlocking the Path to Wealth: Insights from Empify's Founder

Dec 19, 2024 at 5:00 PM
In today's world, building wealth is a common aspiration, yet the right path often seems elusive. According to Schwab's annual Modern Wealth Survey, only 36% of Americans have a written financial plan. Additionally, a survey from LendingTree revealed that just 20% of Americans consider themselves wealthy. With such a lack of wealth-building information available, one might wonder where to begin.

Empowering the 99% with Financial Wisdom

Changing the Mindset Around Wealth

Host Tiffany Aliche delves into how we can shift our mindset about wealth in this week's episode of Money Glow Up. Fox, the founder and CEO of Empify, emphasizes that there is a mental barrier preventing us from believing we deserve to have wealth. By changing our perception of money, we can take the first step towards building wealth.

Investing is often seen as complicated, but Fox debunks this myth. She recommends starting small, opening a brokerage account, and investing an amount that suits your budget. "Don't pick the internet's number or what I tell you. Find what works for you and commit to it. Start with at least $20," she advises.

Empify's Mission to Provide Financial Education

Fox founded Empify in 2013 with a clear mission - to offer accessible financial education and resources to the 99% of individuals often overlooked by Wall Street. By doing so, Empify aims to empower people to take control of their financial futures.

Through Empify, individuals can learn the fundamentals of finance and gain the confidence to make informed financial decisions. Whether it's understanding investment strategies or managing personal finances, Empify provides the tools and knowledge needed to succeed.

Building a Community for Financial Growth

Together with Yahoo Finance, Tiffany Aliche creates a space where real and inspiring money stories are shared. This community allows individuals to learn from one another and build their financial futures together.

Every Thursday at 12 pm ET, step into the classroom with Money Glow Up and join Tiffany Aliche - aka The Budgetnista - on her journey to jump-start your financial journey. With Empify and Yahoo Finance by your side, you can take practical steps towards financial security.