5 Ways To Setup Your Finances For Success
1/ Attack High-Interest Debt
High-Interest debt is one of the largest roadblocks when it comes to finances
U.S. credit card debt recently hit a record $930 billion
High-Interest debt is one of the largest roadblocks when it comes to finances
U.S. credit card debt recently hit a record $930 billion
2/ Emergency Fund
Build yourself a rainy day fund that amounts to 3-6 months worth of expenses
Many Unknowns could halt financial progress
- Illness
- Home Repairs
- Job Loss
- Family Death
Build yourself a rainy day fund that amounts to 3-6 months worth of expenses
Many Unknowns could halt financial progress
- Illness
- Home Repairs
- Job Loss
- Family Death
3/ Invest Regularly
Once the first 2 items are completed, you can turn your attention to building wealth
Setup regular investments into a Retirement or Brokerage account
Goal: Invest 20% of income
Once the first 2 items are completed, you can turn your attention to building wealth
Setup regular investments into a Retirement or Brokerage account
Goal: Invest 20% of income
4/ Budget
Tracking where your money comes and goes should become habit
Budgeting should not limit you, it should inform you
Tracking where your money comes and goes should become habit
Budgeting should not limit you, it should inform you
5/ Plan Accordingly
Retirement is a journey, but you want to plan ahead
- Invest in the proper retirement accounts
- Focus on income producing assets
- Limit needless expenses
- Change mindset
Retirement is a journey, but you want to plan ahead
- Invest in the proper retirement accounts
- Focus on income producing assets
- Limit needless expenses
- Change mindset
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2. Retweet the 1st tweet below to share this thread
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