Meet Mercy Agbeti, an influencer, wife, and mother of two who has made a name for herself in the world of finance coaching. With over 90k Instagram followers, Mercy shares her insights and tips on how to manage your money and build wealth. In this article, we'll explore some of Mercy's top tips for mastering your finances.
Q. Tell us about life growing up.
A: Growing up, my family didn't have a lot of money, so we had to be very careful with what we had. That experience taught me the value of hard work and saving for the future. As for my worst money mistake, it was probably taking on too much debt when I was younger. I had a lot of credit card debt and student loans, and it took me a long time to pay it all off. But that experience also taught me the importance of managing my debt and living within my means, which is something I now try to teach others through my coaching.
Q: Hi Mercy, can you tell us a little bit about your background and how you became a finance coach?
A: Well, I used to be terrible with money. I was always buying things I didn't need and eating out every day. But one day, my husband sat me down and said, "Mercy, we can't afford this lifestyle." And I was like, "Oh, I thought we were millionaires." That's when I realized I needed to get my act together and learn how to manage my money. And now, here I am, a finance coach with over 90k followers on Instagram!
Q: That's amazing! So, what's your secret to saving money?
A: My secret is simple: stop spending money! Just kidding, that's not very helpful. But seriously, I think the key is to have a budget and stick to it. And if you really want to save money, you have to be willing to make sacrifices. Like, do you really need that daily latte from Starbucks? Probably not.
Q: Speaking of sacrifices, how do you balance being a finance coach, a wife, and a mom?
A: It's not easy, but I manage. My husband is really supportive, and my kids are old enough to understand that Mommy needs to work sometimes. Plus, I always make sure to schedule in some "me time" so I don't go crazy.
Q: What's the biggest financial mistake you've ever made?
A: Oh boy, where do I even start? I've made so many mistakes. But I think the biggest one was probably buying a brand new car when I was fresh out of college and had no money. I thought I needed it to impress people or something, but all it did was put me in debt.
Q: Do you have any tips for people who are just starting out with managing their finances?
A: Yes, my biggest tip is to start small. You don't have to overhaul your entire financial situation overnight. Just start by tracking your expenses and making a budget. And don't be afraid to ask for help! There are plenty of resources out there, including my Instagram page, where you can learn more about managing your money.
Q: How do you manage being a wife, mom, and influencer?
A: It's not always easy, but I try to prioritize and stay organized. I make sure to schedule in family time and me-time, and I plan out my social media content in advance so I'm not always scrambling at the last minute.
Q: How long have you been a finance coach?
A: I've been a finance coach for about 3 years now. It's been a challenging but rewarding journey, and I love being able to help people improve their financial situations.
Q: Why do people who earn more sometimes lack most?
A: That's a great question! I think it's because people who earn more tend to spend more, and they might not be as mindful about their spending habits as people who have less money. Plus, there's a tendency to compare yourself to others and try to keep up with the Joneses, so to speak. But ultimately, it's not about how much you earn - it's about how you manage your money. And that's where I come in as a finance coach.
Q: What advice would you give to a young entrepreneur with little funds who wants to venture into real estate?
A: Great question! Real estate can be a challenging industry to break into, especially if you don't have a lot of money to invest upfront. But there are still ways to get started. Here are a few tips:
Start small: Look for opportunities to invest in low-cost properties or to partner with other investors who can help you get started.
Learn everything you can: Educate yourself on the real estate market and industry trends. Attend seminars and workshops, read books and articles, and talk to other real estate professionals.
Be patient: Real estate investing is a long-term game. Don't expect to get rich quick, and be prepared to weather any ups and downs in the market.
Network: Build relationships with other real estate professionals, including agents, investors, and lenders. You never know when a connection might lead to a great opportunity.
Be creative: Look for non-traditional ways to invest in real estate, such as crowdfunding or investing in REITs (real estate investment trusts).
Remember, the most important thing is to get started. Even if you don't have a lot of funds right now, there are still ways to build your real estate portfolio over time. Good luck!
Whether you're just starting out in your career or you're looking to grow your wealth, mastering your finances is key to achieving your goals. With the help of experts like Mercy Agbeti, you can learn how to make smart investments, manage your debt, and build a solid financial foundation for your future. So why not start today? Follow Mercy on Instagram or reach out to her for personalized coaching and take the first step towards financial freedom.
