Tremaine Wills is on a mission to help 1 million women grow their invested assets to $1 million or more. Although that might sound like a tall order to anyone who isn’t well-versed in personal finance, Wills wants women to know they have the power to take control of their financial destinies.
In an inspiring conversation between Ramon Ray and Wills, founder of Mind Over Money, she discusses her “RICH Roadmap,” the role of a wealth-building mindset, and the importance of empowering women to take the lead in managing their finances. Read on for essential takeaways from that conversation.
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The RICH Roadmap: Reimagine, Identify, Create, Honor
Wills’ RICH Roadmap is a four-step process that serves as a blueprint for individuals looking to secure their financial future.
1. Reimagine
The journey to financial success begins with reimagining your future. Wills emphasizes that it’s not just about setting a target like becoming a millionaire or achieving a specific revenue goal; it’s about envisioning the life you want to lead.
In the Reimagine step, it’s all about shifting your perspective from the present to the future. She encourages clients to ask themselves, “What kind of life do I want to create?” This approach ensures you’re aligning financial goals with a more profound purpose.
2. Identify Your Priorities
The second step in the Rich Roadmap is to identify your financial priorities. Wills acknowledges that society often imposes generic financial milestones on individuals, such as hitting certain benchmarks by a certain age. However, she encourages her clients to focus on what truly matters to them.
Whether it’s providing a private school education for their children or taking care of aging parents, she guides individuals to connect with their personal values and craft a financial plan that aligns with these priorities.
3. Create the Plan
Once you have a clear vision and have identified your financial priorities, you’re ready to create a comprehensive financial plan. Wills stresses the importance of not rushing into this step without a clear vision. She likens this process to building a structure. Without a strong foundation (vision), the plan won’t have the same impact.
Wills helps clients set up accounts and identify financial targets that align with their goals. The key is that the plan is not generic; it’s tailored to the individual’s unique vision and priorities.
4. Honor Your Commitment
The final step of the Rich Roadmap is to honor the commitment you’ve made to yourself. Wills emphasizes the significance of staying dedicated to your financial plan. She encourages her clients to think about the impact of their financial choices on future generations and the people they care about. By honoring their commitment, individuals can ensure their vision becomes a reality.
Empowering Women in Various Life Scenarios
Wills works with women from diverse life scenarios, including married women whose husbands manage the finances, single women, and women with independent careers. Regardless of the situation, Wills encourages women to take the lead in understanding and managing their finances.
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Married Women
For married women, Wills invites them to include their husbands in financial conversations while emphasizing the importance of women understanding how finances work. She empowers married women to be active participants in shaping their financial futures.
Single Women
Single women, who may not have a partner involved in their finances, receive guidance on taking control of their financial destinies. Wills provides these women with the tools and knowledge to build their financial independence and create a secure future.
Independent Career Women
For women with independent careers, Wills recognizes they may already have a certain level of financial acumen. Still, she helps them refine their financial strategies and connect with their unique values and priorities, ensuring their financial plans align with their goals.
Final Thoughts
Will founded Mind Over Money with the belief that changing one’s financial outlook begins with a shift in mindset. If, like Wills, you grew up with misconceptions and negative beliefs about money, it can be difficult to reframe your thinking. However, it’s critical to let go of assumptions about wealth, as subconscious disagreements with financial goals can lead to self-sabotage.
Wills highlights the need to recognize that money itself has no inherent characteristics. Ultimately, addressing and altering deep-seated thoughts about money is crucial for holistic financial transformation, especially for those with higher incomes who struggle to accumulate wealth. “If you haven’t addressed some of the things that are not true about money that you believe, that may be a place you need to start,” Wills advises. “There might be something you think about money that is blocking you from being able to retain it.”
Wills’ journey from growing up without wealth to achieving career success to ultimately launching Mind Over Money offers valuable lessons and inspiration for those who aspire to secure their financial future. Her RICH Roadmap, emphasizing the importance of reimagining one’s financial future, identifying priorities, creating a personalized plan, and honoring commitments, serves as a powerful guide for anyone seeking financial success.
For more information about the RICH Roadmap or to learn more about Wills, connect with her on social media via @tremainewills or visit her website, Mind Over Money.
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