ALIMONIA LIFE

View Original

Financial Freedom After Divorce: Skills to Reclaim Your Independence

My divorce was a life-altering event that left me feeling vulnerable and uncertain about the future, particularly when it came to financial stability. My experience with financial abuse that ultimately resulted in my divorce made the recovery process even more daunting. However, I was able to reclaim my financial independence. I achieved financial empowerment by learning an essential financial skill, the ability to evaluate and analyze stocks. With this skill I was able to create multiple streams of income.

Here’s one way you can start your journey towards financial freedom:

The Power of Financial Education

What I did was empower myself with financial knowledge to achieve independence. Here is what I did in my post-divorce journey:

I explored advanced financial skills: Stock Evaluation and Analysis – I initially took a course in Forex in 2017 and learned how to trade. Learning this skill opened the door to learning how to evaluate and analyze stock, which is the foundation for learning how to effectively trade.

o Why Stocks? Investing in stocks can be a powerful way to build wealth over time. Learning how to evaluate and analyze stocks gave me control over my financial future.

o Stock Market Basics: I was able to understand what stocks are, how the stock market works, and the different types of stocks available.

o Fundamental Analysis: I learned how to evaluate a company's financial health by analyzing balance sheets, income statements, and cash flow statements.

o Technical Analysis: I discovered how to use stock charts and technical indicators to make informed trading decisions.

This course provided me with the skills and confidence needed to make smart investment decisions. It covered:

• Understanding Financial Statements

• Identifying Investment Opportunities

• Analyzing Market Trends

• Risk Management Strategies

When I started learning about the financial markets in 2017, I jumped into Forex trading with excitement. However, I quickly learned a tough lesson when I lost a lot of money due to emotional trading. This mistake taught me that mindset is crucial in trading. To fix this, I took a six-month trading mindset course, which changed my perspective and improved my approach. This experience showed me that a strong mindset is essential for successful trading.

Reclaiming my financial independence after divorce was a challenging yet rewarding journey. By building a strong financial foundation learning a new skill, setting clear goals, and empowering myself with financial education—particularly in stock evaluation and analysis—I was able to overcome the wounds of financial abuse and achieve financial freedom by creating multiple streams of income.

Remember, every step you take towards understanding and managing your finances brings you closer to a secure and independent future.

Angela Criss-Skipper