How much money do you really need to be financially independent? The term ‘financial independence’ simply means that you have sufficient savings to live your life as you please. To some, it simply means retirement from work at the age of 58 and spending time with their families. For a few others, it is about pursuing their passions, without having to worry about the money. So, it can be time spent with NGOs or chasing a hobby, or even converting a hobby to a profession. Still others may want to continue working, but on their own terms. To live such a life without having to worry about how your needs are going to be met, or rather with the knowledge that your needs will be satisfied comfortably is financial independence. #financialindependence#finaciallyindependent#finance#financialfreedom#financialliteracy#fund#investment#investingtips#investing#vyaparmunch#financialplanning#money
Today we are introducing the famous P/E ratio, which helps investors determine the market value of a stock as compared to the company's earnings. A high P/E could mean the stock price is overvalue relative to its earnings... 📈👨🏽💻📚
Leave you comments and questions below 👇🏽
Join us in our journey if you are looking to learn how to invest and how to pick stocks nobody is talking about...💵📚💻
"Show me your bank statement, and I'll tell you what your value." This quote is so true. As a family, we believe that money is a tool for making great memories.
We recently had a great little getaway to Glacier National Park and the surrounding area. Our days included white-water river rafting, hiking, fishing, zip-lining.....and making memories.
This is a pic of my 17-year-old son and me on a pretty harrowing hike. We are cramming in as many memories as possible before this guy spreads his wings and takes off on his own adventure.
I feel so blessed to have been able to give our boys many different experiences, in many different places. Our hope is that these memories will be the foundation that our boys use to build their best lives.
If you move your mortgage before it comes time to renew you will either pay 3 months interest or an Interest Rate Differential. The interest rate differential (IRD) is based on the rates at the time you got your mortgage and how much longer until your mortgage rate matures. If mortgage rates drop then the interest rate differential will increase.
For variable interest rate mortgages there is usually just a penalty of 3 months’ interest paid. This may also be the case if mortgage rates have risen above the POSTED rates when you got your mortgage. Remember how the bank that gave you your mortgage had a posted rate of 4.5% but you got 3.5%? Your IRD is based off the higher posted rate of 4.5%, not what you actually got.
Not all lenders are like this. Ask for details.
*Rates are subject to change without notice and must be approved by the lender. Mortgage advice provided by Trevor Dale, Mortgage Agent, iBridge Capital #13056 .
Investing in your learning is so important. Do not neglect to spend time on your financial education, it will help to put you in a better financial position for life. Your future self will thank you for putting in the effort now.
We all have played the “ill be happy when” game and usually we always mention money in that mix. Many people think that if they can just attain that ultimate financial goa, their problems will be solved. Unfortunately, chasing money alone won’t bring you happiness or fulfillment. It’s a never-ending process.
What truly makes you happy? Let us know in the comments. 😁
I’m just like you and trying to figure this thing out: as professional engineer & Master’s graduate, I know a thing or two but the status quo is set up for you to spend your money and make unwise decisions for the long haul.
Join me to help make the road to better financial habits easier, faster, simple and fun!
New Money is a term that has always had a negative connotation to it, but let’s change that.
Documentation BEATS conversation. My company was able to increase my cousins score by +157 points in less than 3 months ‼️
CASH IS KING BUT CREDIT IS POWER!!
TODAY I’m helping 20 people restore their BUYING POWER through CREDIT RESTORATION TODAY !! IT ISN’T FREE BUT IT’S VERY MUCH AFFORDABLE
EQUIFAX, EXPERIAN, and TRANSUNION (Credit Bureaus) are under fire for reporting inaccuracies & obsolete information! Take advantage! This is a GREAT time of year to remove your collections, inquiries, liens, bankruptcies, repossessions and late payments! DOESN'T MATTER IF YOU OWE THE DEBT!!! CORRECT YOUR CREDIT NOW!
What shot will you take today to better your future? 🙌🏼
2 68 minutes ago
Just because your parents got a house at 25, $100k in the bank and $0 debt doesn't mean that you're behind.
Run your race. Stay in your lane. The economy was different back then, college was extreme cheap compared to now, the job market was not as globally competitive and we don't stay at jobs for 5 years at a time.
Yes you can still build financal freedom but the way you get there might look different.
One way I've done this is by creating as many streams of passive income as possible. Click the link in the bio to learn how you can create multiple streams of income by clicking the link in my bio.
There is always going to be something new and shiny that will always distract investors from their wealth building goals. Remember, that path to wealth is rarely accomplished overnight. It takes discipline, dedication and patience. Most people that take the “quick path” to building wealth stand to lose a lot of money. Stay the course. Buy the market and hold. Pay yourself first.
1 09 minutes ago
Whether you like to admit it or not, you’re going to need a plan.
At some point, if you really want to scale your business, you’re going to have to stop winging it and take the time to develop a plan for your business.
However, you don’t have to do it alone! Contact us today at (919) 886-4829 or click the link in our bio to schedule an initial consultation and learn more about our small business advisory services.
1 010 minutes ago
Is it possible to have too much credit? The answer might surprise you. Click the link in our bio to read more.
1 02 hours ago
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@joytheaccountant teaches entrepreneurs and small business owners financial tips on taxes, cash flow management and bookkeeping.
With over 13 years of experience, she has created and managed budgets in excess of $20M and has managed the accounting records for private equity clients with assets under management of over $1B. Follow @joytheaccountant for more financial tips.
I get this question a lot...
If the whole market went to zero, there’d be no businesses left in the world.
At that point money wouldn’t be something you need to worry about, surviving in anarchy would!
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Let’s get Linked 🤙🏼
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𝐓𝐡𝐞 𝟑 𝐁𝐚𝐬𝐢𝐜 𝐌𝐨𝐧𝐞𝐲 𝐒𝐤𝐢𝐥𝐥𝐬 𝐘𝐨𝐮 𝐍𝐞𝐞𝐝 𝐓𝐨 𝐌𝐚𝐬𝐭𝐞𝐫
While learning money skills early in life will be greatly beneficial to you, many times we don’t really pick up on these knowledgeable insights until we reach our 20s.
But even then with personal finances, many will still struggle.
Generally, this is a financial literacy issue, where we aren’t taught finances via our education system and many times people just do not know where to start learning on their own.
And although managing your finances is key, many times it falls behind as you juggle a million different things.
In order to feel more at ease and begin building a comfortable life, you’ll need to master some basic money skills. These will set the foundation in your 20s and can help you be successful throughout your lifetime.
Learn and develop your high-income skills.
Know how to manage your income and expenses.
Save and invest your money wisely!
Are you a complete beginner to investing, and have no idea where to begin? DM us or click the LINK IN BIO!
Sometimes I wonder what my life would be like if I had taken that last few hundred dollars & paid a bill instead of INVESTING it into starting my business.
🙏🏽I THANK GOD I don't think like most people💭
🙏🏽I THANK GOD I'm not fearful like most people 😧
🙏🏽I THANK GOD I don't over-think and over-analyze things.
🙏🏽I THANK GOD I don't listen to what THEY think🙅🏽♀️
🙏🏽I THANK GOD I don't allow other people's fears influence my decisions.
🙏🏽I THANK GOD I DO WHAT MAKES ME HAPPY 😁
Using my last money 💰to pay a bill could never bring in more income, but an INVESTMENT DID.
DON’T let a 3 FIGURE DECISION STOP you from earning whatever FIGURE INCOME you want 💰
Day 2 of my staycation! Spent the later part of my day with family yesterday and just soaked up all those wonderful vibes. Honestly, if I didn’t work retail I would NEVER want to work another Sunday in my life. Spending time getting my house together, then ending it with family just feels like the right way to enjoy a Sunday.
But it’s MONDAY and I’m diving into my Monday Money Motivation Mindset! I’ve got my budget (which I need to readjust thanks to a fun little hospital bill I just got 🥴) and I’ve got my goals for the remainder of year! I’m gonna be listening to my favorite money man Chris Hogan and get myself realigned for the remainder of August.
I came to realize that my obsessive tendencies to micromanage my budget has allowed me to live comfortably through some of the worst moments of my life. I.E: Both my partner and I losing our jobs over a year ago, a pandemic shut down that furloughed him only months after getting a job, the unexpected expenses that arose due to both of us getting COVID, and then helping family when unexpected medical events that occurred in their life.
I have been so thankful that even in my darkest hours, I am able to be a blessing to others rather than a burden. That is all I’ve ever wanted to be. Wild how it all starts with a tiny little budget. 👀 Guess I better hop to it!