What is the most important thing a working mom or a female entrepreneur to do right now relative to their finances as we go into 2021?

Here’s my thought on that. As we’ve come out of 2020, one of the things that has been helpful in dealing with the pandemic and the impact on the economy on a larger scale has been the steps that the government has taking to intervene, in terms of some of the financial assistance packages and some of the actual payouts that have come. That to me is also a risk.

The number one thing that you can do as we go into 2021 is to take ownership for your own finances, in your business or in your personal life.

If you’re not doing it now, don’t look to something else or someone else to be the correction for this thing that you’re not doing. That sounds maybe a little blunt, maybe a little obvious, but my concern is that in 2020, now we’ve gotten ourselves set up to, one day, the money showed up in my account. It was from the government because it was the stimulus for the COVID payout. There’s been a lot of talk in the news media for months about another government stimulus payout. It has the risk of putting us in the mindset that someone else is going to take care of us, when it comes to our finances or when times get hard. That’s not going to serve us well in the long run. I don’t think it will serve you well in the long run if you let that creep into your thought patterns.

As we get ready to go into 2021, the most important thing you can do is take ownership for your own financial situation.

That might mean looking at ways to beef up your income, but it’s going to start with, in my opinion, managing your money effectively. If you’re not doing that and you know you’re not, that’s going to be your starting point. That’s going to be true in your personal life, that’s going to be true in your business life as well.

The number one step for getting ready for 2021 is to take ownership of your finances. Don’t let the events of this year creep into your thought patterns to let you think that someone else or the government is going to take care of your problems and you don’t need to. Take ownership of your finances.