There’s nothing quite like tax season to remind you of the importance of getting your finances in order. Whether you’re still negotiating your salary for your dream job or are well on your way to successfully saving for retirement, adopting habits from successful #girlbosses can help you reach your financial goals. That’s exactly why we caught up with Nicole Lapin, a financial expert and author of Rich Bitch and Boss Bitch. She let us in on the smart money habits of millionaires and what we need to do to create our own.
1. They shop secondhand. You might think that when you’re raking in the millions you can shop at the coolest boutiques without hesitation. While that may be true, Lapin says some millionaires opt for buying secondhand instead. “Shopping secondhand isn’t a sacrifice; it’s your ticket to the good life,” she adds. The more you save on clothes, the more money you’ll have for experiences, like a fancy night out at your fave restaurant or even the European vacay of your dreams.
2. They cultivate a side hustle. We all love a good side hustle. Whether it’s to keep your creative juices flowing or bring in some extra income, a side hustle can be a great way to supplement your nine-to-five. Lapin used to sell clothes online to supplement her salary. “Find something that doesn’t take up too much of your time, but that plays off a skill you have, or a need you can easily fulfill for others. Even Beyoncé isn’t just a singer. She’s an actress and an entrepreneur. Everyone wants to be a mogul,” Lapin says.
3. They appreciate the small things. “I’m all about the small indulgences, which add value to your life every day while keeping your budget on track,” Lapin says. “I’ll pay for my coffee every morning because it motivates me for the rest of the day, and I love to pick up a fun new shade of lipstick or cool statement earrings to give an old outfit new flair.”
4. They’re not afraid to get thrifty. Before splurging on something pricey, whether it’s an overseas trip or a purse you’ve been eyeing for months, do your homework and make sure you’re getting the best deal out there. Lapin says, “Being thrifty isn’t cheap; just think of the way travel sites have revolutionized the way you book a flight or find a hotel. Educated shoppers are savvy shoppers.”
5. They never compromise.“A lot of books you read about managing your money will tell you to skimp on the things you love but don’t need. I say, why not have it all? You don’t have to compromise quality for price if you’re making smart decisions about where you shop,” Lapin says. There are so many brands out there now with high-quality products, like next-level basics and jewelry, at budget-friendly prices.
6. They write their own story. Sometimes, you have to take risks in your career and life to find real success. Lapin agrees: “I never let anyone tell me what I should do because no one knows what I need better than me. If you think you deserve a raise, ask for it! If you think you’re the perfect candidate for a job, apply even if you don’t meet all the requirements. You’ll never get ahead by staying in the safe lane.”
7. They stay grounded. When you’re out finding success — spoiler alert: You will — it can be easy to get complacent, or worse, cocky. Surrounding yourself with good people is key to staying level-headed. Lapin says, “I find mentors everywhere in life, from my dermatologist to my doorman. I think I can learn something from pretty much everyone I encounter, and I try to never forget that.”
8. They know an expensive outfit doesn’t always equal confidence. You’ve heard the saying: Dress for the role you want, not the role you have. It’s true, but it doesn’t mean you need to run to your nearest upscale boutique for a wardrobe refresh before a big meeting or interview. Lapin says, “I always say confidence is a woman’s best accessory. Even if you can afford a new designer outfit, that doesn’t mean you need it to make a strong impression. You should wear what you’re most comfortable in, and your attitude will make it look expensive.”
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(Photos via Getty)
