Nicky Wright Financial Advisor

To most, having a financial advisor feels either unachievable or like we have to be rich to have one. That’s simply not the case…at all. My hope is to make this process more attainable and support those who never thought they’d have an advisor by being their partner in the process.

Here are some suggestions of questions you can ask to get clear with your future advisor:

🔹 Are you able to offer me ongoing advice?
🔹 Do you have clients in a similar financial position?
🔹 What services do you offer?
🔹 What are my all-in costs?
🔹 How do you as the advisor get paid?

Friday finance tip!

Successful CEO + Founder of Black Girl Finance UK, Selina Flavius shares some really amazing tips for financial wellness. Your finance tip for today is:

🚨 “Your self talk around money really matters, stop talking negatively about your personal spending habits.” 🚨

One way to shift your narrative around money is to look at the numbers and create a strategy. Look at your bank accounts, automate your processes. Are you paying your rent or mortgage every month? Is there food on your table? Why would you tell yourself you’re terrible with money if you’re managing essential necessities?

When we feel empowered with the money we have, it gives us drive to use our money in ways to build our financial wealth.

We understand that savoring the last month of summer and sun can become costly while you squeeze in fun moments. It doesn’t have to be though. Here’s some free / low cost activities you can do to enjoy the sun and save some 💲💲💲

☀️ Go on a hike (my favorite is Diamond Lake Falls)
☀️ Attend a farmers market
☀️Call up those friends you haven’t seen in awhile and arrange a potluck at the park
☀️ Check for free days at places like the Botanic gardens and historic parks or for you party people, head to Santa Fe Arts District First Friday of each month

Which one are you most excited for?

Lately there has been more conversation around high yield savings accounts. On average banks that offer high yield savings options will give you 3-5% back just for keeping your money in a savings account. That is FREE money.

Run, don’t walk…to the nearest bank to get your account set up. Need support in the process? Let’s talk!

Meeting with me is FREE! Seriously, it is. What’s stopping you? Schedule your free call in my bio!

Just your daily reminder, financial stability = wellness.

How do you build financial discipline? First off, think about what it means for your future and secondly, it’s all about habits. Similar to brushing your teeth in the morning and evening, maybe every week, you put $100 into savings.

How do you find out if your budget has room to save? You call me, let’s connect using the link in my bio!

My goal is to help upcoming generations in investing early. Why?

🟢 Compounding interest
🟢 Long term gains
🟢 Building financial discipline
🟢 Achieving big goals

Meeting with me is free. Let’s talk about where you’re at financially or pass this message on to the young adults in your life.

What is the difference between an accountant and financial advisor?

Your accountant is your financial historian and compliance expert. They ensure your taxes are filed accurately, manage audits, and keep your financial records in order.

A financial advisor is your strategic partner in wealth planning. They go beyond numbers to help you achieve financial goals, whether it's retirement planning, investments, or estate planning.

The key difference between both is that accountants focus on past and present financial data for the specific purpose of filing taxes and record keeping while financial advisors look to the future, helping you build and grow your wealth strategically.

Don’t get it twisted, you do need both. Accountants ensure compliance and accuracy, while financial advisors help you navigate financial decisions that impact your long-term prosperity.

One of the goals of business is to turn a profit, right? That also involves strategy, something a financial advisor can support with. Here are tips to manage your profit.

💰 Develop a realistic budget and track your expenses meticulously
💰 Maintain a strong cash reserve for unforeseen circumstances
💰 Invest in technology and systems that improve efficiency and reduce costs

We know there’s financial disparities between men and women. We also know there’s disparities between BIPOC and white individuals. Do we understand what the disparities look like in numbers and the impact it has on moving communities of color forward financially?

That’s it, that’s the post.

Want to know why? Connect with me today.

It’s that time of year again, have you done your mid-year financial check up? Use this checklist to make sure you're financially on track for the next 6 months.

Have questions? Comment below.

Why are financial statements so hard to decode?

Understanding financial statements is key to driving smart decisions and sustainable growth. Businesses with strong financial literacy are better equipped to succeed in today's competitive market.

Let’s decode them together. Book a call with me today.

As a business owner, you need to be conscious of finances. Lack of education around money can get you into sticky situations very quickly. Risks vary and there are plenty to be aware of such as debt mismanagement, investment mistakes, tax compliance issues, and overall heightened stress and uncertainty.

Delegating as a business owner can be hard, but in many aspects of business management, including the financials, delegation is key.

Let’s talk financial confidence!

When you’re financially confident, there is assurance in your ability to manage and make informed decisions regarding your financial resources. According to Unbiased, only 25% of Americans feel financially confident.

Money can impact our lives in a plethora of ways, let me support you in feeling GOOD about your money. We'll talk...

⭐ Protection strategies
⭐ Managing taxation
⭐ Wealth accumulation
⭐ Optimizing retirement

One of my big goals as a financial advisor is to support people in building the optimum strategy for their financial desires. Is this something you want too? I’m your girl.

As a business owner, financial stability is something that takes time to achieve. With a financial advisor, you can strategically plan for sustainable growth based on the revenue and cash flow you have within your personal and business budgets.

Financial advisors can support you with:

🔷 Building a comprehensive budget
🔷 How to diversify revenue streams
🔷 Protecting your assets now and for your successors

Are you a small business owner? Let’s connect today.

As a current or future business owner, it’s important to have a strong financial model to avoid downfall. Do you know where to start?

Financial literacy is crucial for economic empowerment, yet disparities persist in socioeconomic status and the color of your skin. As a Black financial advisor and walking example of breaking financial barriers, I’m committed to educating, empowering and supporting our communities in achieving financial equity. Let's explore the facts and work towards financial security together.

Reminder in case you forgot, financial literacy is for EVERYONE, not just the rich. Book a call with me today.

Why should you build a financial foundation?
Your financial foundation is a set of fundamental financial principles and practices that form the basis for working towards financial stability and long-term prosperity.

It encompasses essential aspects of personal finance management that enable individuals to manage their money effectively, prepare for unexpected expenses, and achieve their financial goals.

Barriers to financial literacy are real and varied, from lack of access to resources to systemic biases. But these barriers can be overcome (seriously).

Maybe your fear is where to start. Or, the thought that it’s impossible to work towards financial freedom, or maybe the goals are too big to even conceptualize. Here are some tangible ways you can work towards building what you want as you keep consistency at top of mind:

🟢 Become a sponge—there is a lot to learn about financial literacy and exposing yourself to different forms of education can support you in shaping what financial decisions work best for you

🟢 Define your consistent monthly cashflow (budget).

🟢 Determine what you can put into a high-yield savings account each month (book a call with me to explore options with the most benefit to you)

Financial stability is more than just a goal; it’s a powerful catalyst for community empowerment. When individuals are secure in their finances, entire communities benefit from increased resilience and opportunity. Would you all be interested in information on where to connect with individuals who are eager to make financial changes in their lives?

Historical disparities have left marginalized communities without the financial knowledge and tools necessary for economic success. I’m here to break those barriers and be the change agent to provide future generations' information and resources on financial wellness for all who are curious about building their financial future. Empowerment truly does start with education and I strive to be your go-to source for support.

Having a routine with your partner for conversations around finances can make the world of difference for your financial success together.

If you can openly talk about money, your communication with your partner is enhanced since money talk is more than a casual conversation. A routine can help you practice this in addition to mitigating stress, feeling like you have a say and mitigating conflict.

As someone who wants to help couples feel financially secure and provide resources, I’d love to provide you with more information.
Book a call with me today.

Looking for some tips on how to talk to your partner about finances? Make sure you're prioritizing these 3 areas to get the conversation going + keeping it in a proactive space.

⭐ Start with the big picture

At the beginning of the conversation, make sure you and your partner are on the same page regarding what the budget is actually for. This will support breaking down all the action steps together.

⭐ Set some conversation ground rules

Some suggestions of this include, avoiding the blame game, being empathetic and creating concrete action steps for moving forward.

⭐ Keep to a schedule

Think about the benefits of planning ahead. When we plan ahead, we can conceptualize which directions we’d like to move forward in and maintaining a schedule supports us in maintaining financial goals as a couple.

There are a plethora of benefits to having open conversations with your partner about finances. Here a few to ponder on that are heightened through honest dialogue:

⭐ Transparency + trust
⭐ Goal alignment
⭐ Conflict resolution
⭐ Financial planning
⭐ Equal participation
⭐ Determining long term compatibility

(yes, I said it)

Are you in a relationship and eager to have “the talk” with your partner? 😏

Talking finances with someone you love can be difficult but my view on it is, it can actually be one, really eye-opening and two, creates a different level of trust when you’re on the same page regarding finances and what you actually do with your money.

As a financial advisor, I love talking to couples and families about strategic ways to manage their finances whether all your dollars are pooled, or if you prefer to keep them separate. There are tactical ways to ensure you’re both supporting long term goals.

Want more information? Let’s book a call!

I love talking about financial education so I can best support you in achieving the life you’re wanting.

Check out these areas that are essential to think about as a small business owner when it comes to your own financial literacy.

Which do you have questions about? Email me or book a call in my bio so we can discuss further.

Financial success and social responsibility coincide. Embracing social responsibility isn't just about doing good—additionally it’s about boosting your bottom line. Studies show that businesses with a strong sense of social responsibility often outperform their peers financially.

Why?

Because when you prioritize people, the customers notice that you’re making an impact. They're more likely to support businesses that share their values, leading to increased loyalty, trust and sales.

There are so many plans entrepreneurs have floating around their heads, but your risk management strategy as a business owner should be top priority.

There are immense benefits of staying ahead including:

🟢 Minimized losses
🟢 Enhanced decision making
🟢 Improved resource allocation
🟢 Business continuity

I’d love to support you in creating your plan with the idea of scaling at the forefront. Let’s talk—the link to schedule your free call is in my bio.