One Step at a Time
Build Your Wealth
$1 at a time
Imagine that your $1 dollar bill is your employee and that you are the manager of a business. Payday is like the day all your employees come into work. As the manager it's your job to figure out (ahead of time) who is going to do what around the job right? It's the same thing with your money.
You need to make a plan.
At first, sitting down and looking at the numbers might be hard and overwhelming- but you have to start somewhere. Start with $1 dollar at a time.
Next,
2. SAVINGS
This is a category ALOT of people skip--- many believe that there are things NOW that need to pay for and there is "no way to save."
At it's core this is about empathizing with your future self. When the rainy days come (and they WILL come) and you have an emergency- Savings are literally here to SAVE THE DAY.
Love on your future self and put a lil money away in your piggy bank to relieve the unavoidable suprises in life.
This is where real wealth is built
3. INVESTMENTS
We have heard the word 1000 times, but it's only for fancy rich people right?
Historically folks who were not wealthy did not have access to the knowledge, the tools, or the services that are needed to make investments.
The reality is that in 2023, we have no excuse. Apps such as wealthfront, acorns, and other new age saving & investing services are readily available and often times have free or low cost products.
This is a seriously complex, convoluted, confusing, and mysterious topic. Don't be scared though- investing is something personal and best approached with an open mind and open heart.
Finally,
4. FUN MONEY
Damn, we do all this work in life and having fun is the last category?
The good news is, once you get the first 3 categories situated they don't change as often-- meaning if you make more income, you have more guilt free money to spend. Makes sense if you earn more then you then have more funds for FUN.
Focus on getting your first 3 categories solid so that this category can naturally follow and fall into place.
