By Dr. Wendy Labat
Pumpkin spice is seasonal. Power moves are timeless. Thinking about making a power move? As the seasons change and we approach the holidays, is your financial health ready to do a business reset and set realistic goals for the upcoming season? Are you feeling the pain of inflation, suffering from anorexic income, obese debt, mindset and knowledge deficiencies, spending addictions or other financial ills? Are you hemorrhaging money? If you answer yes to any of these questions you need a financial health checkup.
There’s a lot of focus on physical health, mental health, and even social health since the pandemic, but there’s little emphasis on financial health. People confuse and conflate financial health with financial literacy. Financial literacy is knowing what to do and financial health is the result of what you’ve done. When was the last time you had a financial health check-up?
Power moves start in the mind and requires the right mindset. The difference between “I can’t” and “How can I?” is the difference between stagnation and innovation. If you want to do something, do you think “I can’t…?” or do you think “How can I…?” Having an “I can’t…” mindset shuts the door, locks it, and throws away the key. ❌ “I can’t…” = permission denied. Having a “How can I…?” mindset opens doors of opportunity and empowers you to think outside the box. ✅ “How can I…” = opportunity unlocked.
Power moves require that you have control over your finances. Do you plan where your money goes or wonder where it went? Do you have the proper protection to prevent financial ruin in the case of illness, injury, death, or a disaster? Are you penny wise and pound foolish with your taxes? Do you understand the impact of the global economy on your business reset? Do you have an action plan ready to implement to make power moves for your business reset?
| Category | Checkpoint Question | Next Step |
| Income | Is it stable, growing, diversified? | Build multiple streams |
| Debt | Are you managing or drowning? | Consolidate, automate payments |
| Protection | What happens in a crisis? | Insurance, wills, savings buffer |
| Taxes | Are you smart or surprised? | Consult a pro, optimize returns |
| Business Strategy | Have you reviewed your goals and gaps? | Q4 plan, competitive |
| Global Impact | Are you adapting or reacting to market shifts? | Stay informed, stay agile |
If your finances are out of shape, don’t wait for a new year’s resolution—start your financial rehab now. Because the best power move you can make is taking control of your finances. For more information about your financial health assessment contact: info@thefinancialcures.com
