PositiveBudgets

Licensed CPA and experience Financial Coach helping people achieve their financial goals! Email to setup free consultation. Follow on IG:@littlebudgets

[PositiveBudgets @positivebudgets]

Do not allow yourself to have “the victim” mindset.

If you do this, you have limited any chance you had to change your current situation .

-

[PositiveBudgets @positivebudgets]

If instead, you invest that $15,000 in a brokerage account for 10.5 years with a conservative 8% return:

📍You’ll have $34,420

🚨You will never make up the difference for the expense saved vs the opportunity cost lost.

🤔Thoughts?

[PositiveBudgets @positivebudgets]

Unpopular Opinion:

🔥Solar Panels are not an investment.

They are an expense and you will never recover the opportunity cost that was lost.

➡️Here is the math ➡️

-

#finance #realestate #financing #finances #financialindependance #financialliteracy #debt #invest #investing

[PositiveBudgets @positivebudgets]

If you pay $15,000 cash (including the tax credits) for the panels:

📍This eliminates a month electrical bill of $120

📍No electrical bill as long as the system keeps working.

📍This will take 10.5 years in order for you to get back out of your Solar what you spent

➡️

[PositiveBudgets @positivebudgets]

Learning to manage your finances is a lot like learning a new sport or hobby.

It takes patience and practice.

-

#finance

[PositiveBudgets @positivebudgets]

Unpopular opinion:

I’d rather make more money and pay more in taxes, than make less money and pay less in taxes.

Keep making money! 💪

[PositiveBudgets @positivebudgets]

Don’t let chasing net worth affect who you are as a human.

Be respectful, kind, and giving as much as possible.

-

#financialindependance #financialliteracy #debt #debtfree #debtfreecommunity #debtfreejourney #invest #investing #debtisdumb #firecommunity #retirement

[PositiveBudgets @positivebudgets]

Becoming financially free doesn’t take a genius. Just the right combination of positive influences, dedication, and forward thinking.

-

#finance #smallbusiness #realestate #financing #finances #retirementplanning #financialindependance #financialliteracy #debt #debtfree

[PositiveBudgets @positivebudgets]

Easy money management tips:

📍Spend less than you make.

📍Do not go into consumer debt.

📍Save for emergencies.

📍Invest 10% of your income.

-

#finance #smallbusiness #realestate #financing #finances #retirementplanning #financialindependance #financialliteracy #debt

[PositiveBudgets @positivebudgets]

Got a raise and a bonus this performance year, here is what I am doing with it:

📍No Lifestyle inflation.

📍Investing 100% of the bonus and raise.

Keep the process-It works

#finances #retirementplanning #financialindependance #financialliteracy #debt #debtfreecommunity

[PositiveBudgets @positivebudgets]

Pro Tip:

When you go into Costco, DON’T grab a cart.

Only buy what you can carry.

-

#finances #retirementplanning #financialindependance #financialliteracy #debt #debtfree #debtfreecommunity

[PositiveBudgets @positivebudgets]

Pro Tip:

Begin saving for WHEN you have an emergency, not IF.

You will undoubtably have expenses that are not part of your everyday routine.

-

#financialfreedom #budget #budgeting #budgets #personalfinance #financialplanning #planning

[PositiveBudgets @positivebudgets]

📍You’re biggest risk factor in investing is not having an unstable or risky portfolio.

📍It’s being afraid and not investing

-

#debtfreecommunity #debtfreejourney #invest #investing #debtisdumb #firecommunity #retirement #financialfreedom

[PositiveBudgets @positivebudgets]

Home values are going up📈

Expect to see your insurance premiums do the same!

Don’t be surprised and budget for it!

-

#financialindependance #financialliteracy #debt #debtfree #debtfreecommunity #debtfreejourney #budget #save #realestate

[PositiveBudgets @positivebudgets]

📍Financial Worries and Mental Health are directly correlated.

📍72% of Americans are stressed about money.

🔥I am opening my door for free conversations for anyone who is experiencing mental health issues surrounding finances.

-
#Mentalhealth #FinancialFreedom #finance

[PositiveBudgets @positivebudgets]

Both my wife and I have HSA’s and we started maxing them out when we decided to start having kids.

Here is the result so for:

-Total balance = $17,000
-$14,000 invested and averaging returns above 13%

No financing a baby birth for us 💪

[PositiveBudgets @positivebudgets]

Here is why:

📍Funds go in pre-tax.
📍Funds invested grow tax-free 📈.
📍Funds spent on qualified purchases come out tax-free.

It’s straight 🔥

[PositiveBudgets @positivebudgets]

Baby preparation step 2:

📍HSA, HSA, HSA

If you have it, max it out! The HSA is the only account out there where you pay NO TAXES!

🚨NO TAXES!

➡️

[PositiveBudgets @positivebudgets]

The Financial Freedom Circle of Life:

Budget ➡️ Save ➡️ invest

🚨Pro Tip:

Budget to maximize your investments

🙌💯

[PositiveBudgets @positivebudgets]

Baby Savings Step 1:

When my wife and I were ready to start trying for a baby, we started saving:

📍$150 a month toward long-term savings and activities.

📍$400 a month toward everything baby related - clothes, furniture, diapers, crib, etc.

Thinking ahead! 💪