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Check Your F.A.C.E.

Business

Bert Wright

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What I love most about children, especially children 10 or younger, is that you can always tell how they feel. They show their emotions with their tell-all facial expressions. Some adults keep that same level of expressiveness as they get older. Before they even open their mouths, one can easily identify what they are thinking and how they feel. As a child, their facial expressions helped adults to better understand them, and as adults, those same expressions can be a source of embarrassment or provide a moment of laughter. Adults may try to hide their true feelings by not speaking up, but their facial expressions give away their true sentiments.

I decided to have some fun with this and encouraged the audience: “Check Your F.A.C.E.” It’s an opportunity to take an economic snapshot of your life and your household. Each letter represents a concept followed by questions and action items for you to review. It is my hope that after the completion of this exercise you will have a smile on your “F.A.C.E.”

F-Financial Audit

Pull every financial document you have at your disposal (bank statements, retirement accounts, household bills, credit card statements, etc.).

Evaluate every expense to determine which ones are necessary and which ones can be eliminated and/or minimized.

Evaluate your income vehicles.

How many sources of income do you have?

How can you increase it?

Do you have a budget?

How do you track money going in and out?

The goal here is to get a grasp of money coming in and out of your household.

A-Add Value

How can you make yourself more valuable to the marketplace?

Is there a new skill you can learn? Can you cross-train at work?

When companies lay off employees, they tend to start by letting go of the least valuable employees.

If you’re an entrepreneur, what service/product can you add to better serve your customers?

C-Credit & Connections

Pull your credit report.

How credit-worthy are you?

What actions can you take to improve and/or maintain your current credit?

Evaluate your connections (both personally and professionally).

Do you need to expand it?

Does your current network reflect your goals and aspirations?

Your network can serve as an asset or a liability.

E-Educate & Emergency Fund

Do you have an emergency fund?

How long could you survive if you lost your income?

Educate yourself on financial terms to increase your financial literacy and stability. Find a mentor/financial professional to help you in this area.

Learn how to sell effectively and with integrity.

Develop the skills to create income at will.


Bert Wright

Bert sees entrepreneurship as a vehicle for social change. As a former educator, he saw first hand the importance of thinking outside the box meant for his students and the importance of financial literacy. With over 20+ years of servant leadership in different organizations, Bert believes in a serve first mindset and abundance will follow.

Contact: mrwrightbusiness@gmail.com

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