Financial Confidence is a Leadership Skill—Here’s Why It Matters (Day 3)

In this insightful conversation, Karen Gombault interviews Germaine Foley, a certified life and money coach who helps women take control of their finances and build wealth—without sacrificing their lifestyle. Germaine shares her personal journey of overcoming $200,000 in debt despite earning a good income and explains how she developed a method to build wealth while still enjoying life.

5 Key Takeaways

1. Financial Confidence is a Leadership Skill: Just like leadership, financial confidence requires decisiveness, clarity, and goal-setting. Women who succeed in their careers should align their financial success with their professional achievements.

2. Start with Values, Not Sacrifice: Instead of jumping straight to budgeting, Germaine encourages women to define what truly enhances their life. Identifying key priorities—such as travel, family time, or personal experiences—helps create a financial plan that supports those values rather than restricting them.

3. Avoid Emotional Spending: Many women use spending as a coping mechanism for stress, boredom, or frustration. However, money should not be used to alter emotions. Instead, it should be seen as a tool to enhance life and create security.

4. The ‘Do Both’ Method: Build Wealth and Enjoy Life: Germaine debunks the myth that financial success requires extreme sacrifice. Her “Do Both” method allows women to manage their money strategically while still enjoying vacations, shopping, and experiences.

5. Mindset is the Key to Financial Success: Common money beliefs, such as "I’m bad with money" or "I’ll figure it out later," create financial stagnation. Shifting to more empowering beliefs—like "I can figure this out"—helps women take proactive steps toward financial stability.

"Building wealth isn’t about sacrifice. It’s about the mindset and strategy you’re willing to work on. You can do both—build wealth and enjoy life at the same time." – Germaine Foley

Germaine Foley emphasizes that financial security isn’t about deprivation but about intentionality. By aligning financial habits with personal values, women can eliminate debt, build wealth, and maintain the freedom to enjoy life. Money is a tool, not a burden—when managed correctly, it can create both security and abundance.

Where to Connect with Germaine:

Podcast: Becoming the Wealthy You (available on all major platforms)

Free Training: How to Build Wealth Without Going on a Strict Budget – https://www.germainefoley.com/wealthclass

https://www.germainefoley.com/

IG: https://www.instagram.com/germainefoleycoaching/