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You may notice that this is an extra episode this month. I wanted to make sure that we mark a special ending to the August Women, Money, and Retirement series, so at the beginning of the month I reached out to some amazing female financial professionals. I asked them all for a piece of financial wisdom to share with other women. You can hear their fantastic insight by pressing play now.\\xa0
Cristina Guglielmettti from\\xa0Future Perfect Planning\\xa0offers suggestions about making 401K contributions. She recommends that you update your contributions regularly, especially if your salary has increased.\\xa0
Set a goal for yourself. How much would you like to save each year? Are you reaching that goal?
If your goal contribution is more than your current contribution then changing it immediately could eat into your take-home pay and disrupt your budget. Instead of trying to achieve your goal contribution all at once, try increasing your contribution rate a little at a time.\\xa0
Then set a reminder for yourself to increase your contribution quarterly until you reach your target percentage. This way you won\\u2019t feel the decrease in take-home pay all at once.\\xa0
Small, repeatable changes are easier to keep up with which makes it easier to maintain your financial plan. Listen in to hear what else you can do to increase your retirement savings.\\xa0
Jane Mepham from\\xa0Elgon Financial Planning\\xa0grew\\xa0up in a different country in a male-dominated society which meant that she had to learn a lot to get ahead in life. When she was young, her mother shared financial advice that she uses even to this day. She knows that attitude is the key to mastering money and it will determine the strategies and tactics that you will use to plan your retirement. Enjoy these words of wisdom from her mother.\\xa0
Stephanie Sammons from\\xa0Sammons Financial\\xa0and Stephanie McCullough from\\xa0Sofia Financial\\xa0have similar advice. They want you to identify what is most important to you. They both stress that you need to define your values so that you can align your spending to reflect what you value the most. All your money decisions should be in alignment with your values and your life.\\xa0
Many people often separate their financial decisions from the rest of their life, however, money is connected to everything we do. By aligning your financial life with the rest of your life you will give meaning to your money.\\xa0
BOOK -\\xa0How to Be Here\\xa0by Rob Bell\\xa0
Sofia Financial\\xa0- Stephanie McCullough
Sammons Financial\\xa0- Stephanie Sammons
Elgon Financial Planning\\xa0- Jane Mepham
Future Perfect Planning\\xa0- Cristina Guglielmetti
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