Dare to Change Life Coaching & Mentoring

Tag: financial independence

  • Investing in the Stock Market Using Index Funds – Pros and Cons – Part 2 5 Reasons To Avoid Index Funds

    Investing in the Stock Market Using Index Funds – Pros and Cons – Part 2 5 Reasons To Avoid Index Funds

    I see many money coaches promote investing in the Stock Market using Index Funds.

    As I shared with you in Part 1 of this articles’ series, the main reasons some people choose to invest using Index Funds are the ‘passive nature” and relatively low cost of this kind of investing.

    That’s why IRA and 401K accounts offer options to invest in index funds. If you missed Part 1 training in this series, you can also catch up with it on my Youtube channel Millen Livis Channel Wealth.

    While Index Fund investing has its merits if you want to take a broad and passive approach with your investment portfolio, there are many reasons (and I’ll share with you top 5 of them in this article) why it may NOT be the best way to achieve your investment goals.

    5 Reasons To Avoid Index Funds

    1. Lack of Downside Protection.

    Over the long term, the Stock Market has proved to be a great investment. However, ALL financial markets go through “bumps and bruises” periods. We’re witnessing a VERY bumpy phase in the Stock Markets right now.

    Investing in index funds, for example, in the fund  that tracks the S&P 500 index, will give you the upside when the market is going up, but it will leave you completely vulnerable to the downside when markets crush or go through correction.

    Remember, Index Funds are Mutual Funds and you cannot place a stop-loss order or a trailing stop order, which would trigger a sell of a stock to limit your losses on certain stock positions.

    In other words, limit orders do not apply to the trading of mutual funds. So, you kinda stuck with your Index Funds position unless you decide to sell it manually.

    2. Lack of Ability to Adjust Asset Allocation.

    Index investing does not allow for Asset Allocation adjustments.

    One of the risk management tools is not to invest in any specific stock position more than 5%.

    If a particular stock in a fund becomes overvalued, it actually starts to carry more weight in the index, increasing your portfolio exposure to that stock.

    So even if you have a clear idea of a stock that is overvalued or undervalued, if you invest through an index fund, you will not be able to adjust – no be able to act on your knowledge.

    3. No Control Over Index Fund Holdings

    Index Funds are creates as a basket of stocks that are included in some market indexes.

    When investors buy an index fund, they have no control over the individual stocks in the portfolio.

    You may have specific companies that you like and want to own, and other companies that you couldn’t care less about…

    For instance, you may dislike some companies in the Index fund for moral or other personal reasons.

    It could be issues with the way some companies treat the environment, or their employees, or the products they make.

    The components of index funds are out of your control.

    4. Limited Exposure to Different Strategies

    There are various strategies that you can use to invest in the Stock market.

    Unfortunately, buying an index fund doesn’t give you access to a lot of these strategies.

    Yes, Index Funds’ investing will give you diversification.

    But that can also be achieved with as few as 10-20 stocks, instead of the 500 stocks that the S&P 500 Index would track.

    If you do a bit of research yourself or subscribe to good investment research letters, you may be able to find the best value stocks, the best growth stocks and the best dividend-paying stocks, and use other investing strategies.

    And based on your research, you can combine your stocks into a smaller, more targeted portfolio, that is better positioned than the overall market, or one that’s better suited to your personal goals and risk tolerances.

    Because different investing strategies can be combined to provide investors with better risk-adjusted returns.

    5. Diminished Personal Satisfaction

    Frankly, investing can be worrisome and stressful, especially during the times of market turmoil like we experience right now.

    It’s true that selecting specific stocks may leave you constantly checking quotes, and can keep you awake at night…

    But investing in an index funds will not ease these worries.

    You can still find yourself constantly checking on the stock market and feeling worried about losing money.

    On top of this, you will diminish the satisfaction and excitement of making good investments and being successful with your money.

    The Bottom Line:

    • While Index investing is a popular investment strategy, there are reasons why some investors (myself including) might want to avoid index funds.
    • Although index funds may be low cost and diversified, they prevent seizing some great investment opportunities.
    • Finally, index fund investing does not provide protection from market corrections and crashes.

    In the next week’s article – the Part 3 of this series – I’ll talk about costs of investing using Index Funds.

    To your Health, Wealth, and Freedom!

    Millen Livis

  • Investing in the Stock Market Using Index Funds – Pros and Cons – Part 1: 4 Main Reasons to Use Index funds

    Investing in the Stock Market Using Index Funds – Pros and Cons – Part 1: 4 Main Reasons to Use Index funds

    The other day, I saw an eye-catching Headline in the Wall Street Journal…“Index Funds Are the New Titans of Wall Street!”

    Are they, really?

    Well, many “financial coaches” teach “Index Funds’ Investing” as a “Passive Investing” Revolution in the stock market.

    If you ask me… I believe that EVERYTHING has a front and a back… Pros and Cons.

    In this and the next 3 articles, I am going to cover the good and the not so good of the “Investing in the Stock market Using Index funds” strategy.

    So, first of all, Investing in Index Funds is considered to be passive investing as opposed to Investing in Stocks, which is active investing.

    Even though Index Funds have a great success in the U.S. Stock Market, they still contribute to only 15% of total holdings. So, whatever you may think of them, Index Funds are not a dominant force of the stock market as a hole.

    But let’s start with defining what index funds are.

    Index funds are mutual funds that contain a basket of stocks or securities that track the components of an existing financial market index. For example, there are index funds that track the Standard & Poor’s 500 Index (referred to as S&P 500).

    Although investors can’t buy an index per se, they can invest in index funds that are designed to mirror the index.

    In other words, an index fund tracking the S&P 500 index, would have all 500 stocks from the S&P 500 in the fund.

    Therefore, index funds tend to provide investors with

    1. fairly broad market exposure,

    2. relatively low operating expenses, and

    3. usually low portfolio turnover (which helps decrease taxes on capital gains).

    So, basically, an average index fund investor is buying all of the S&P 500 companies or other market indices at a low cost.

    So far, so good, right?

    Now… For beginner investors, hands-off long-term investors, and those who don’t want to spend much time managing their investment portfolio, index funds offer a relatively low-risk way to gain exposure to a wide range of equities.

    People who have retirement accounts are likely to invest in index funds because they are considered “ideal holdings” for individual retirement accounts (IRAs) and 401(k) accounts.

    I’ve been asked whether index-only investors can lose everything.

    Frankly, I don’t think so, because this would entail that ALL stocks in an underlying index effectively go to zero, which is highly unlikely.

    As a matter of fact, the total book value of all the underlying stocks in an index fund is expected to increase over the long term.

    So, here are again, the 4 main reasons to use Index Funds to invest in the stock market:

    1.    Index funds offer broad exposure to stock market since they track particular market indices. In other words, Index fund investors are effectively buying all of the underlying index companies (e.g. S&P 500 companies).

    2.    Index funds’ Investors buy the companies in the underlying market indices at a lower cost than they would pay for actively managed mutual funds.

    3.    Index funds’ investing is considered a passive investing and they are suitable holdings for tax-deferred retirement accounts such as individual retirement accounts (IRAs) and 401(k) accounts.

    4.    Since Index funds have inherent diversification feature, index funds’ investors will not lose everything, even during the time of market corrections.

    That’s all for Part 1.

    Share it with people who could benefit from this information.

    In the next week’s article, I’ll talk about 5 Reasons To Avoid Index Funds.

    Until next time…stay blessed, stay in your power.

    To your health, Wealth, and Freedom.

    Millen Livis

  • 🎯☯ How to Align Your Energy with Financial Success

    🎯☯ How to Align Your Energy with Financial Success

    EVERYTHING IS ENERGY.

    And every object has its own vibrational frequency.

    Each of your thoughts has a different vibrational frequency and emotionalizing your thoughts makes them magnetic….

    And you can align your energy with the frequency of success and abundance.

    In this article, we’ll discuss HOW you can achieve this.

    Your Energy Vibration Frequency

    What I’m going to talk about today is one of the most important episodes of this show… Because it’s NOT enough to be good at money mechanics or even have healthy money beliefs and habits… Today we’ll go deeper… MUCH deeper.

    We live in a dual Universe – physical and metaphysical (spiritual). At the core of our spiritual reality is a field of ENERGY, often referred as a Quantum Field. Everything around you – people, buildings, furniture, cars, flowers and trees, thoughts and money – is ENERGY.

    EVERYTHING IS ENERGY.

    Each of your thoughts has a different vibrational frequency and emotionalizing your thoughts makes them magnetic….

    You can align your energy with the frequency of success and abundance.

    In this episode of the show, we’ll talk about HOW you can achieve this.

    Energy Vibration Frequency Codes

    Just a couple of years ago what I’m going to talk about would be called woo-woo… Well, some people may still think it’s the woo-woo….

    If that’s how you feel, it’s time to wake up!! J

    Just like your fingerprint is unique, each person has unique Energy Vibration Frequency.

    Vibration is the amplitude, or intensity, of energy. The higher the vibration, the more powerful the energy.

    Frequency is the rate at which energy vibrates. It can be measured in hertz (Hz).

    Your Energy Vibration Frequency is a result of an overall accumulation of your emotions, attitudes and responses to circumstances in your life.

    The lasting, intense thoughts and emotions lead to feelings.

    Your body stores the energy of your feelings.

    Your FEELINEGS expand the accumulated energy of your consciousness that eventually becomes your vibrational frequency.

    Negative emotions have very low energy vibration level and can really weigh you down or even lead to dis-ease.

    The energy vibration levels progress upward as you feel love, joy, and peace.

    By the way, despite the words emotions and feelings being used interchangeably, they are actually two different but connected phenomena.

    Emotions originate as sensations in a body, specifically, as chemical reactions in the body. Feelings are influenced by our emotions but are generated from our mental thoughts.

    Be aware of Your Frequency Vibration Code.

    OK, let me share with you an excerpt of a list of energy vibration codes associated with different emotions that I learned from my amazing spiritual mentor – Dr. David R. Hawkins – and his must-read book, “Power vs Force”:

     • Shame: energy level 20

    • Guilt: energy level 30

    • Grief: energy level 75

    • Fear: energy level 100

    • Anger: energy level 150

    • Pride: energy level 175

    • Courage: energy level 200

    • Neutrality energy level 250

    • Willingness: energy level 310

    • Acceptance: energy level 350

    • Love: energy level 500

    • Peace: energy level 600

    • Enlightenment: energy level 700 – 1000

    For example, if you are angry most of the day, you have a low energy frequency that leads to feeling fatigued and prolongs the experience of low energy, which eventually spirals into depression and hopelessness.

    The lower your vibrational frequency, the more tired you feel. 

    I hope that having awareness of your energy vibrational frequency on a daily basis will inspire you to focus on positive emotions that will transform your vibration to higher levels.

    When you’re able to transform any negative energy emotions to the higher frequencies, you will feel more energized and optimistic.

    I invite you to develop a habit of consciously switching from negative low-frequency emotions to positive, higher frequency emotions.

    Yes, I realize that it’s not always easy. It appears that the human brain is wired to focus on negative experiences and possibilities…. That’s why so many people struggle with worries and anxiety about their future and fear uncertainty.

    However, I hope that knowing how shame, guilt, fear, and anger affect you in so many negative ways will motivate you to find ways to be more loving, kind, and optimistic.

    Be aware of Your Frequency Vibration Code.

    What Financial Freedom means to you?

    We often talk about Financial Freedom but it means different things for different people…

    What Financial Freedom means to you?

    How it will make you FEEL once you become financially Free?

    Pause and write it down into your journal…

    For me, Financial Freedom means…

    💰 Freedom from Financial Anxiety and Worries

    💰 Freedom to Choose WHAT I do

    💰 Freedom to Choose WHERE I live and work

    💰 Freedom to Choose WHO I spend time with

    💰 Freedom to Choose HOW I spend my time and money

    💰Freedom to Choose WHEN I work, rest or take vacations

    When I started my journey to financial Freedom, THAT’s how I wanted to feel and NOTHING was more important to me than feeling FREE.

    At that time I was separated, lived in a tine rundown apartment in Hoboken, NJ, exhausted my savings on building the real estate investing business that crushed in 2008.…

    I was NOT the person whose energy frequency vibration was aligned with abundance, Prosperity and Freedom.…

    I judged and doubted myself, I was focusing on problems (and, of course, had more problems because what you focus on, expands), I felt like a victim…

    Needless to say, I had a long way to go to aligning my energy with the person who can experience abundance and freedom.

    I had to develop and Aptitude for Success, especially financial success!

    And eventually got it (after years of zigging and zagging!) and want to share with today top 6 Essential Elements of Aligning Your Energy Vibration with Financial Success and Abundance Consciousness.

    6 Essential Elements of Aligning Your Energy Vibration with Financial Success and Abundance Consciousness

    1.    Self-empowerment (vs victimhood): You cannot create Wealth and freedom in your life if you don’t feel that you are capable to do so; Feeling sorry for yourself, feeling like a victim is NOT how you achieve financial success in life.

    2.    Financial responsibility (vs ignorance): You must take responsibility for your life. Blaming others or your bad luck assumes that you are not in control of your choices and decisions in life… You must take responsibility for your financial future and learn the financial know-how: how to earn, manage and grow your money.

    3.    Attitude of Gratitude (vs entitlement): Nobody owes you anything… Appreciate EVERYTHING that you have at the moment – there are people out there who would love to have what you have… Besides, “What you appreciate – appreciates!”

    4.    Clear Intentions (vs fogginess): be aware of your Intentions! You transform your reality thru clear Intentions and elevated emptions; Have a journal, write down your wishes and desires; create a “Dream-board”.

    5.    Focus (vs not having sense of priorities): Be mindful what you focus on because what you focus on – expands! FOCUS on what Works in your life already AND FOCUS on SOLUTIONS while acknowledging the problems you’re experiencing.

    6.    Mindfulness about Your Feelings (vs allowing your low-frequency feelings get out of hand): Be mindful of low frequency emotions. If feel angry or frustrated, acknowledge how you feel yet remember that YOU can choose to shift your focus and shift your emotions. It’s impossible to feel petty for yourself and grateful at the same time.

    Final words…

    Any low energy level emotions are a habitual reaction that you have developed over a prolonged period of time.

    It has created anchoring triggers that automatically bring on the emotion.

    Whenever you notice that you are in a negative emotional energy pattern, pause and make a conscious effort to release your stored low frequency emotions and raise your vibrational frequency.

    There’re many different ways to accomplish this.

    I use “Inhale Peace and Love” method for myself and my clients.

    To your Health, Wealth, and Freedom!

    Millen Livis

  • 💰🚀 8 Key Components For Achieving Freedom And Prosperity

    💰🚀 8 Key Components For Achieving Freedom And Prosperity

    The other day I had a call with one of my colleagues, where we shared our life stories…

    I recall telling her that when my cousin from Boston visited my villa in the South of France, she said: “That’s just for you… I could never imagine having something like that…”

    Then I told to my colleague the story of how this villa came about….

    … How my boyfriend, who used to fly from France every month to see me in the U.S., was stopped by the U.S. custom, put to jail on the suspicion that he was illegally working in the US, then was deported and prohibited from entering the US for many years…

    … How I proposed to him (very out of character for me…)

    … How I flew to France and we found a rundown house in Provence that nobody would buy because of the mold it was covered with… … … How we got lucky and bought it for the minimum amount of down payment we were able to make…

    … How we started doing renovation by ourselves ‘cause we couldn’t afford contractors at the beginning…

    When I finished, my colleague was so inspired and said “I have to DREAM BIGGER”!

    I am sharing this with you to demonstrate that you get lucky when you act on what you want to experience in life, when you stop being “stuck” in your familiar “comfort zone” and do things that are not easy but necessary to live the life you love.

    So, where are you now, in terms of money?

    Are you frustrated that you work hard and make good money yet live paycheck-to-paycheck?

    Constantly worry and feel anxious about not having enough money to retire?

    Or not being able to save much and still paying off your consumer debt?

    Have you noticed…

    … how worrying about your financial future affects your health, or relationships, your work?

    … how you are sick and tired of “surviving” instead of living on your terms?

    Or maybe you’ve reached a plateau with your finances and want to scale up?

    If that’s how you feel, I hear you!

    When your mind is busy worrying about money and financial security, it’s not always easy to see and experience abundance in your life.

    And as a result, your confidence might be undermined; or you are afraid to trust anyone because, possibly, you had bad experience in the past with financial advisors, or you are afraid to invest the money that you have because you’re afraid to lose it….

    And from that place, it’s not easy to create an abundant free life, where the flow of money and opportunities come with ease and joy.

    It is my intention that you develop Unshakable Confidence, Self-Worth, and Success Aptitude, so that you will be able to handle any challenges in your life from a higher perspective and with more optimism.

    And my deepest desire is that you become Unstoppable and Capable in your pursuit of financial independence and start DREAMMING BIG.

    YOU ARE A POWERFUL CREATOR, so think, feel and act like one.   

    As International Holistic Financial Independence Mentor and the creator of the SYSTEM for becoming Financially independent called The MILLENaire Method, I use my intuition, business and investing expertise to help women become financially independent.

    I myself achieved Financial Independence within 7 years and now live my dream life – own beautiful homes in the South of France and South Florida, travel the world, and do what I want.

    I have the FREEDOM of CHOICE, TIME, LOCATION, and MONEY.

    I live what I teach and know that YOU CAN experience more Freedom, Joy and Abundance in YOUR life… if you choose to commit to your vision!  

    We often talk about Abundance Mindset… but it means different things to different people…

    For me, Abundance Mindset means:

    ✅ Having Loving Relationship with Money (“money is my friend that has my back”

    ✅ Appreciating life “as is” and being eager for more (nothing wrong with wanting more…)

    ✅ Believing that Scarcity and Lack are mind’s illusions (because they are…)

    ✅ Believing that YOU ARE CONNECTED to the Infinite Source of Abundance and Unlimited Potential (because YOU are connected to The Source)

    ✅ Believing that YOU ARE CAPABLE and RESILIENT

    ✅ Knowing that YOU MANIFEST YOUR REALITY thru Intention, Attention and Conscious Thinking

    ✅ Living life from a place of Gratitude, Ease, and Flow

    Abundance Consciousness ALWAYS precedes Manifestation – it’s a precursor to experiencing Wealth and Freedom in your life.

    So, you’ve got to achieve a vibrational harmony with what you desire!

    OK, without further due, let me share the…

    8 Key Components For Achieving Freedom And Prosperity:

    1. Clarity about your goals and desires.

    2. Healthy Relationship with Money.

    3. Abundance Mindset and Prosperity Consciousness (some refer to this as Inner Psychology)

    4. Commitment, Unshakable Confidence, sense of Self-Worth (this component also belongs to Inner Psychology)

    5. Savvy Money Management skills (Upgraded Skills)

    6. Strategic Investment skills and developing YOUR unique personalized path to Financial Freedom (Upgraded skills and Strategic Investment Plan)

    7. Environment and Lifestyle that support success (having supportive Environment is essential)

    8. Guidance and support from a coach or a mentor, who believes in you and knows how to help you achieve your desired results. (Environment)

    Now it’s the best time for you to take aligned actions and apply your knowing!

    To your Health, Wealth and Freedom!

    Millen Livis

    P.S. Let me know what resonated with you, what triggered you, and what questions do you have for me.

  • ONE Skill You Must Have to Be Financially Successful

    ONE Skill You Must Have to Be Financially Successful

    Most people think that if they only had a lot of money, they will feel financially secure…

    NOT TRUE!

    HAVING money doesn’t mean you know what to DO with it.

    MANY high-income earners live paycheck-to-paycheck and are NOT financially free.

    During my complimentary money strategies sessions, I speak with a lot of women from all walks of life. And MANY successful high-income earners…live paycheck-to-paycheck and are not financially free!!

    And that’s not all.

    While over 63% of Americans are currently living paycheck-to-paycheck, many are now worried about safety of their money at the banks!

    NOW, more than EVER before, you’ve got to be financially savvy, so that you can make better financial decisions.

    We all wear many hats in life – parents’ hat, spouse hat, employee or entrepreneur hat, and… money manager hat – your money manager.

    Each “hat” you wear requires certain skillsets – like communication skills, parenting skills, specialized skills in your area of expertise as an employee or entrepreneur…

    Some skills are “nice to have” and some skills are necessary.

    And there is ONE particular skill that everyone – regardless of your education, type of work, your upbringing or your natural talents – must have to be financially successful.

    This skill is… Savvy money management.

    And since it’s such a foundational skill, it’s outrageous that it’s not taught at schools and colleges…

    You’ve got to be financially savvy!!

    You must know your numbers – what’s coming in and what’s coming out.

    You must have a healthy relationship with your money.

    Yep, you’ve got to know how to be intentional with your money – how to manage it, how to grow it and how to protect it.

    Whether you manage your retirement funds yourself (like I do) or outsource it to financial advisers, you’ve got to be an informed consumer!

    Money is like a game and, sadly, many people lose it before they even start….

    Financial ignorance is very expensive.

    Everybody wants to be financially free, yet most people don’t know HOW to WIN the Money game OR don’t believe it’s possible for THEM to be financially free… so, they don’t even start!!…

    And that’s where I come in…

    When I work with clients, I use the MILLENaire Method – my holistic system for becoming financially independent.

    This method addresses 4 areas of life that influence financial success the most: money mindset, money management, money investing, and… spirituality.

    This is the exact method that I used in my life to become financially independent in 7 years….

    Financial Freedom doesn’t happen by accident.

    You must have a clear intention, commitment and a plan.

    I was the least likely person to become financially free… was divorced, depressed, and broke… yet now I’m financially free for over 13 years and own homes in South Florida and in the South of France.

    And I can help you become financially savvy and grow your money with less stress and less risk, so that you too create your best rich life and never have to worry about money again.

    Message me privately if becoming financially independent is one of your “non-negotiable” goals.

    To your Health, wealth and Freedom!

    Millen Livis

  • The Risks of CBDC & How to Protect Your Money

    The Risks of CBDC & How to Protect Your Money

    For centuries, cash and traditional banking services have been the go-to for financial transactions. But now, central banks want to change it and offer their own digital currency.

    The official idea behind CBDC is to provide a digital alternative to cash and traditional banking services, and to increase financial inclusion for people who don’t have access to banks.

    But this is NOT a complete picture!

    As you may know POWER and MONEY are closely interconnected.

    Power implies control and CASH is not easy to control…. Government-controlled digital currency implies full control over your financial life…

    There’re some serious dangers to this whole CBDC thing!

    Let’s go over some of the dangers together:

    1.   The risk of cyberattacks.

    Digital currencies are prone to being hacked, and central banks would need to invest a ton of money in cybersecurity to prevent their CBDC from being hacked.

    With all transactions taking place in a digital environment, hackers and other malicious actors have greater opportunities to steal funds or personal information.

    Cybersecurity breaches could lead to significant financial losses and personal harm.

    THAT could lead to major financial instability and possibly even collapse of the whole system. Yikes!

    2.   The risk of privacy violations.

    CBDC would be a centralized currency, which means that every transaction would be recorded by the central bank.

    This would give the central bank access to everyone’s financial data, and this personal financial data could be used for surveillance…. similar to Chinese Communist Party’s social credit score system.

    Government may influence how you spend your money… if you buy too much alcohol or donate to associations that are not supported by the government, you can be fined or, worse, your access to digital money can be blocked.

    Yes, Digital currencies allow for transactions to be tracked and monitored, which can give governments unprecedented access to your financial information.

    This raises concerns about government surveillance and the potential for abuse.

    It could lead to serious invasion of privacy, and it could make people lose trust in the financial system.

    Nobody wants the Big Brother watching their every financial move, right?

    3.   The risk of financial instability.

    If CBDC leads to a significant shift away from cash and traditional banking services, it could create a scenario in which people would rush to withdraw their funds from banks.

    The whole banking system may collapse, which will create a major financial chaos.

    The central bank would need to manage the transition to CBDC very carefully to make sure this doesn’t happen.

    You don’t wanna end up with no money to buy your overpriced eggs and veggies, right? LOL

    4.    The risk of centralization.

    As I mentioned earlier, CBDC would be a centralized currency, meaning that the central bank would have total control over the monetary system.

    This could lead to a loss of financial freedom and, pretty much, complete government control over your financial life.

    That would be a serious threat to your individual rights and freedom and would clear the path to government overreach and the potential for abuse.

    You don’t wanna lose your financial freedom, right?!

    Here’s the thing…

    Time is running out!

    The implementation of the Central Bank Digital Currency is on the horizon, and you need to prepare yourself NOW.

    Here’s HOW:

    1.   Educate yourself about the risks and benefits of CBDC.

    Learn about the cybersecurity risks, the privacy concerns, and the potential impact on financial freedom.

    There’s a ton of information out there, so start doing your research now. Watching this episode of my show is great start!! J

    2.   Make sure your digital security is top-notch.

    Use strong passwords, keep your antivirus software up-to-date, and avoid clicking on suspicious links or downloading unknown software.

    Also, protect yourself by using two-factor authentication when you login to data-sensitive sites.

    CBDC is a digital currency, so you’ll need to make sure your digital assets are secure.

    3.   Diversify your financial assets.

    Don’t put all your eggs in one basket – spread your money across different types of assets, investments and accounts. Diversify your money among cash, value / dividend-paying stocks, gold and silver, cryptocurrency, or other assets….

    For example, investing in precious metals offers a tangible, reliable, and stable investment option that can be easily bought and sold.

    Whether you’re a short-term or long-term investor, investing in precious metals is an excellent way to safeguard your financial future.

    And by spreading investments across multiple assets, you reduce your risk by being exposed to any single asset class.

    This will help you minimize the risk that CBDC can cause on the banks in a form of financial instability.

    4.   Consider using alternative payment methods.

    While CBDC may become the new norm, it’s still important to have other payment options available.

    Make sure you’re familiar with different payment methods and have them set up and ready to use (e.g. debit cards, PayPal, or cryptocurrency).

    5.   Become financially savvy – stay informed and engaged.  

    Advocate for policies that protect financial freedom and privacy, and stay up-to-date with the latest developments on CBDC.

    By being financially savvy, by staying informed and engaged, you can help shape the future of CBDC and ensure that it’s implemented in a way that benefits everyone… as much as possible.

    So, there you have it – some actionable steps you can take to prepare for the CBDC implementation.

    Don’t wait until it’s too late – start taking action now.

    To win the money game you’ve got to know your available options and choose them strategically!

    Financial ignorance is VERY expensive!

    if you want to have a PRIVATE money strategy call “Never Worry About Money Again” (Value $500), you can schedule it at speakwithmillen.com. NO COST TO YOU!

    It’s on me, MY GIFT to you!

    You can also sign up for my youtube channel Millen Livis Channel Wealth to watch the More Money with Millen weekly show.

    To Your Health, Wealth, and Freedom!

    Millen Livis, MS, MBA

    Holistic Financial Independence Mentor