I was born poor, but I will make sure that my children and family never experience poverty again.
Here's how you can do it for your family:
Here's how you can do it for your family:
β’ Budget
A budget is a tool that gives you control over every dollar you earn.
How to budget:
- Allocate 50% of your income on needs
- 30% on wants
- 20% on savings and debt repayment
If you can't track your expenses, you won't know where your money goes.
A budget is a tool that gives you control over every dollar you earn.
How to budget:
- Allocate 50% of your income on needs
- 30% on wants
- 20% on savings and debt repayment
If you can't track your expenses, you won't know where your money goes.
β’ Create passive income
If you do not learn how to generate passive income, it will be hard to buid wealth.
Some passive income:
-Dividends
- Real estate
- Index funds
You will work past retirement age if you do not learn to make money passively.
If you do not learn how to generate passive income, it will be hard to buid wealth.
Some passive income:
-Dividends
- Real estate
- Index funds
You will work past retirement age if you do not learn to make money passively.
β’ Consolidate your finances
This allows you to track your income, expenses, investments, and debts.
With good visibility into your finances, you can set and achieve financial goals.
This allows you to track your income, expenses, investments, and debts.
With good visibility into your finances, you can set and achieve financial goals.
A tool that I use to track my finances and all my investments
@snowballtracker
You can check it out : snowball-analytics.com
@snowballtracker
You can check it out : snowball-analytics.com
@snowballtracker β’ Invest for retirement
One of the best investment options is your 401(k).
Some companies offer a free match if you contribute up to a certain percentage.
Don't let that free money slip away. Every dollar counts in the long run.
One of the best investment options is your 401(k).
Some companies offer a free match if you contribute up to a certain percentage.
Don't let that free money slip away. Every dollar counts in the long run.
@snowballtracker β’ Buy assets
There is no wealth creation without asset ownership.
I make it a habit of buying index funds, which are a collection of stocks.
Advantages:
- Diversification
- Great performance
- Low cost
Here is a great list :
- $VTI
- $VOO
- $VGT
- $VXUS
There is no wealth creation without asset ownership.
I make it a habit of buying index funds, which are a collection of stocks.
Advantages:
- Diversification
- Great performance
- Low cost
Here is a great list :
- $VTI
- $VOO
- $VGT
- $VXUS
@snowballtracker β’ Invest in yourself
There is no better investment on the planet than yourself.
Investing in yourself is a prerequisite for financial wealth.
Improve your skills, knowledge, and education to increase your earnings and open up more opportunities.
There is no better investment on the planet than yourself.
Investing in yourself is a prerequisite for financial wealth.
Improve your skills, knowledge, and education to increase your earnings and open up more opportunities.
@snowballtracker β’ Set clear financial goals
Having clear financial goals is essential to becoming disciplined with money and creating wealth.
Define what you want to achieve and set specific, measurable, achievable, relevant, and time-bound (SMART) goals to keep yourself on track.
Having clear financial goals is essential to becoming disciplined with money and creating wealth.
Define what you want to achieve and set specific, measurable, achievable, relevant, and time-bound (SMART) goals to keep yourself on track.
@snowballtracker β’ Automate your savings
Saving automatically makes managing your finances a breeze.
Set up automatic transfers from your checking account to your savings or investment accounts to ensure that you save consistently and avoid the temptation to spend.
Saving automatically makes managing your finances a breeze.
Set up automatic transfers from your checking account to your savings or investment accounts to ensure that you save consistently and avoid the temptation to spend.
I invest $300 per week in the S&P 500.
π 10 Yrs - $219,535
π 20 Yrs - $706,824
π 30 Yrs - $1,788,431
Don't miss out! Simplify your financial journey with our guide to index funds.
Get your copy today.
accentinvesting.gumroad.com
π 10 Yrs - $219,535
π 20 Yrs - $706,824
π 30 Yrs - $1,788,431
Don't miss out! Simplify your financial journey with our guide to index funds.
Get your copy today.
accentinvesting.gumroad.com
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