EP041 Striving to be Financially Fit with Monica Da Ponte
Monica Da Ponte is the founder of Strive, a social company that seeks to change the way we see and define financial literacy to advance our individual and collective resiliency. Her company is currently piloting a peer-to-peer based program with St. Mikes Hospital in Toronto to curate financial journeys and demonstrate the ingredients of financial success. Additionally, she holds Bachelor and Masters degrees in Business Administration from the Schulich School of Business.
Monica joins me today to discuss how she views the concept of financial literacy and how she seeks to help others reach their financial goals. She describes the challenges a lot of workers face when it comes to financial freedom and what she thinks needs to happen to overcome those challenges. She also explains how Strive works and the importance of setting financial goals to achieve financial fitness.
“Money enables you to do the things you want to do and control things to move in the direction you want them to move.” – Monica Da Ponte
This Week on Young Money:
- What inspired her to pursue a career in the financial literacy industry.
- How she achieved financial success.
- Critical points in her career that helped elevate her business.
- Her opinion on why surviving on minimum wage is next to impossible.
- The biggest revelation in her life from a financial perspective.
- The mission behind Strive and how they help people build financial literacy and resiliency.
- How setting financial goals can help you become financially fit.
- Evaluating the costs of pursuing goals.
- The Strive Purchasing Process:
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- Understanding the unique value of a particular product/service
- Understanding the total costs associated with the product/service
- Understanding alternatives
Monica Da Ponte’s Key Factors for Financial Success:
- Be insanely practical.
- Know what’s important to you.
- Have the ability to problem-solve.
- Set financial goals – money is a huge enabler of freedom.
- Things add up ? create space that you can use to be strategic and take risks.
Resources Mentioned:
Connect with Monica Da Ponte:
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