Mindful Monday - January 10, 2022
Only I hold the power to create the life I desire.
I want to make my dreams come true, so each day I work on at least one task toward accomplishing my life goals.
#budgeting#accomplishment#retirement#moneycoach#personalfinance
LIVE WITHIN YOUR MEANS. Just because you may have a high income, you do not have to spend it all. Remember the saying, “It is not about how much you make, it is about how much you keep.” Start saving instead of spending and watch your health and financial outlook improve.
Another way to capitalize on your expertise and knowledge is by freelancing. The opportunities are wide for this option. You can become a freelance writer, a photographer, a graphic designer, a website designer or a social media influencer. Be brave and jump out there.
Did you participate in this week's financial goal of eliminating the use of credit cards?
Eliminating credit card usage will help your credit utilization percentage. Credit utilization is the ratio of your outstanding credit card balance to your credit card limit. #creditcards
Your debt-to-income ratio is a way to measure your financial health. Being in good standings with your financial health is very beneficial and critical to your ability to be granted credit or loan approval. read more...www.financiallymindful.com/blog. #financialeducation
For the last day of this week’s financial goal of calculating your net worth, take the total amount of assets and subtract the total amount of liabilities (formula: Assets – Liabilities = Net Worth). The way you handle your finances can make or break you. #networth#finances
The next step is to compile a list of your liabilities. A liability is an amount or debt owed to a bank, lender, creditor or another provider of goods or services. The accumulated total of outstanding balances for the listed items is known as your total liabilities. #networth
Have you started calculating your net worth? Get started by compiling a list of your assets then determine the market value of each item. The combined total of the items is known as the total of your assets.
In a few days, we will take the next step. #networth#finances