If youβre trying to tackle a massive goal (starting a business, building a blog to 1k followers, etc.), break it down into manageable pieces and hold yourself accountable.
Create a logical order and execute bit by bit. π
Patience and persistence pays off.
Youβll get there π―
@SmallIvy_SI Completely agree! Iβm accelerating debt repayment, then off to the races with low cost ETFs! Any raises go straight to savings or invests. No lifestyle creep!
When you pay off your debt, itβs like getting a permanent raise. π
The money you make is now YOURS to keep.
Debt is the enemy, not the answer π―
Having trouble #saving
Pay yourself first!
Iβm up to 33% of my net pay
You can too in 3 steps:
1. Direct deposit 10% of your pay into a high-yield savings account
2. Each pay period, add 1-2% to the 10%
3. Continue until youβre π
Then youβll be primed to #invest
8 Actionable Steps to Achieve Financial Freedom
1. Analyze your situation
2. Develop your #goals
3. Eliminate #debt
4. Pay yourself first (15+%)
5. Spend much less than you earn
6. Invest in low-cost total market ETF
7. #Invest in yourself
8. Create multiple income streams
To my blogging friends out there, what ways have you found to increase your viewership?
Iβve taken a hiatus to write an eBook and Iβm about to start pumping out quality content again.
Could be tools, techniques, general advice - anything at all!!
@TheSavvyCouple 3 months current living expenses. I want to avoid idle cash while also providing enough comfort to know that if I get canned tomorrow, I can take a day or two to cope, spend a few days with family, and then attack the job market without the fear of going broke.
@mrs_mongoose The good thing here is that since she doesnβt make all that much, it wonβt be a catastrophic loss. However, to her, itβs all sheβs got. Personally, Iβm all for teens paying for their cell phones, gas money, car insurance, etc. I just think some financial autonomy is good too π
@mrs_mongoose Disclosure: (Iβm not a parent), but Iβd be more interested to see what she does with her money without requirements. In my experience, Iβve learned a lot more from stupid money decisions ($349 paintball gun I used once and a dozen more stories) than trusting my parents know best.
Less than 20k in student loans until Iβm debt free! The race to βdebt-free by 2020β will be a close one!
To everyone out there trying to achieve financial freedom, stay motivated and disciplined! Itβll pay off before you know it!