Tess Waresmith

Tess | Financial Educator she/her 🔥 Helping you build wealth in and beyond your 401(k) 📖 Education not advice

[Tess Waresmith @wealthwithtess]

I graduated into a recession (2009). My 1st job after college was aerial acrobat on cruise ships.

Today I'm a VP at a global company, own 3 rental properties, invest in stocks and biz, built my own business, and have ⬆️ my net worth by $500k in the last 4 years.

Here's how:

[Tess Waresmith @wealthwithtess]

@australianwoma1 Thank you for this. I have been feeling this way for a while and not able to quite articulate it in the right way. I appreciate you giving me the language to better explain my own evolution. Beautiful writing.

[Tess Waresmith @wealthwithtess]

My parents divorced when I was 2.

I thought one of my parents was super rich and one was struggling.

I couldn’t have been more wrong.

👉 FACT: Your earliest memories of money in childhood (and all the emotions associated them) are telling of how you handle money as adult.

[Tess Waresmith @wealthwithtess]

“There are thousands of people in jails right this moment that are sitting there for no other reason than because they are too poor to get out.”

- Michelle Alexander, 13th

[Tess Waresmith @wealthwithtess]

A financial education is like getting a retirement insurance policy that you don’t have to keep paying for but instead, pays you forever.

[Tess Waresmith @wealthwithtess]

@LucyMeggeson So much fun chatting with you!!!

[Lucy Meggeson @LucyMeggeson]

My guest on this week’s episode of Spinsterhood Reimagined is the divine Tess Waresmith @wealthwithtess, a financial coach. Tune in on Tuesday!
Episode available: 30/05/23
Link in bio.

[Lucy Meggeson @LucyMeggeson]

Today’s episode of Spinsterhood Reimagined, The One Where I Talk To Financial Coach Tess Waresmith, is OUT NOW! @wealthwithtess

Link in bio.

[Tess Waresmith @wealthwithtess]

Financial independence will give you options, flexibility, security, freedom, and time.

It will not, in a vacuum, make you happy.

Money is a tool.

And when we use it well we can design the life we want and spend time with people with love.

And THAT, can bring us happiness.

[Tess Waresmith @wealthwithtess]

More women in the US are single than ever before —and it comes at a cost.

In the Federal Reserve's 2019 survey of consumer finances, median net worth looks like this:

👉 married couples = $200k
👉 single men = $57k
👉 single women = $47k

Welcome to the gender wealth gap.

[Misty Lynch, CFP® @misty_lynch22]

In this episode of Demystifying Money I am joined by Tess Waresmith, founder of @wealthwithtess to discuss how she grew her net worth over $500,000 over the past 4 years despite a few costly mistakes in her past. #personalfinance #investing https://t.co/HSt951PVrt

[Tess Waresmith @wealthwithtess]

I’m alarmed at how many people spend 40+ hours a week grinding for money and then spend 0 hours a week learning how to make that money work for them.

If you’re not investing you’re leaving a shit ton of money on the table.

Start now.

[Tess Waresmith @wealthwithtess]

Financial literacy is sexy.

[Tess Waresmith @wealthwithtess]

These 3 things are NON-NEGOTIABLE boxes you need to check before you start investing:

1⃣Emergency fund of 3 - 6 months expenses
2⃣High interest debt paid off
3⃣Basic budget

It's not sexy.

But these foundational pieces are how you get you on the fast track to build real wealth.

[Tess Waresmith @wealthwithtess]

1. No matter how much money you make, you can't grow your wealth if you can't live on less than you make.

Understanding how money comes in and out of your life is your first step to building wealth.

This is called your cash flow.

[Tess Waresmith @wealthwithtess]

I don’t need to be invited to the table.

I’ve already built my own.

Bring some chairs.

[Tess Waresmith @wealthwithtess]

Wishing for something does not make you greedy; it makes you ambitious.

[Tess Waresmith @wealthwithtess]

Think you don't deserve more money?

You DO NOT have to be a certain kind of person to be wealthy.

You are not your past.

When you have more money you will be better able to share your gifts with others.

And you have a lot to give.

Let's start building wealth together.

[Tess Waresmith @wealthwithtess]

F U money and Ferrari's are fun and all, but that's not what I'm after.

I want enough $ to:

👉Travel to visit people I love whenever I want
👉Quit toxic jobs whenever I want
👉Book physical trainers
👉Hire therapists

And more...

That's what financial security is all about.

[Tess Waresmith @wealthwithtess]

My financial journey hasn't been all sunshine...

👉I bought a financial product and lost $20k...
👉I invested in random stocks and lost money...
👉I bought a disaster rental property...

One thing I eventually did right?

I got a basic financial education.

Everything changed.

[Tess Waresmith @wealthwithtess]

The Belief That You Deserve Money
+
Financial education
+
Action
=
Wealth.

That's the whole thing.