Ask The Experts With AlkaAsk The Experts With Alka

Ask The Experts with Alka: Growth Mindset vs Fixed – Reasons Why People Struggle with Money

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On this episode of Ask The Experts, Alka Sharma talks about a taboo subject in most cultures: Money. This is a huge topic & is the number one reason why most relationships fall apart. She tells you what you need to do, how you can navigate your money, & the common mistakes that people make.

KEY TAKEAWAYS

  • One of the common mistakes that people make is have a lack of knowledge & fear of failure, they don’t take mitigated risks or have a strategy/plan. If you don’t have a GPS to guide you, how are you going to navigate, & help yourself or your family?
  • When starting any business, we may not have prior knowledge, but we know that’s the desire that we want. Most people quit when they fail, if that is your mindset this is what you’ll experience throughout your life.
  • I had no idea about the health & beauty industry when I opened my first fitness studio, but I knew that I wanted to open it & empower myself to help shape my life. In the first two years of business I had zero clients, no one walking in. Did my mind say “This is so boring, I just want to quit, I don’t think this business is meant for me.” If that was my mindset I would have quit, & if I’d done that, I wouldn’t have achieved opportunities that have come my way. You need to stick it in, bite your tongue & know this is what you want to do. When you follow through with a clear strategy you will know how to manage yourself much better.
  • You need to make money your best friend, when you do that your money will work for you. If you’re not in control of money your money will take control of you and you will be a slave to money. 

BEST MOMENTS

‘Wealthy people are able to generate income & create wealth, but for most of us the struggle is so real, and we need to face that reality.’
‘I hear people say: “I don’t worry about money”. If you don’t worry about money & you just follow your passion, but you need money to follow that passion & money follows that passion.’
‘You get into debt when your expenses exceed your income.’
‘If you’re not willing to take risks you will miss out on opportunities to achieve financial success & growth.’

ABOUT THE HOST

Alka Sharma is a Real Estate Investor. She has a zest for life, helping her clients gain knowledge insights into property investing. Alka takes her time to make sure her client’s needs are met.

Alka is an accomplished, professional ballroom dancer having competed both nationally & internationally.

Alka is grateful for all her experiences that have shaped her today as successful Entrepreneur, Real Estate investor.

Instagram: https://www.instagram.com/alkasharmaceo/

Tiktok: https://www.tiktok.com/@a1lkee 

Twitter: https://twitter.com/Alkastotalfit 

Youtube: https://www.youtube.com/c/AlkasTotalFitness 

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Ask The Experts With Alka

What do Entrepreneurs and Business owners NEED to know about Investing; best practices? Tips & trick 
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