Ah, compound interest. The eighth wonder of the world! Your best friend or your worst enemy depending on whether you’re on the receiving end or the giving (paying) end. It’s INTEREST ON INTEREST!⠀
Compound interest can truly build wealth on the investment side! It is why we talk about investing EARLY and OFTEN. Even if you’ve missed “early,” still do it often to take advantage of compound interest starting right away. ⠀
If you enjoyed this post or found it useful, please hit the Like 👍🏻❤️ button and follow ➡️ @ajmoneycoach for more money tips and motivation. ⠀
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𝐈 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐥𝐢𝐯𝐞 𝐦𝐲 𝐛𝐞𝐬𝐭 𝐥𝐢𝐟𝐞 𝐛𝐮𝐭 𝐈 𝐝𝐨𝐧’𝐭 𝐰𝐚𝐧𝐭 𝐭𝐨 𝐛𝐞 𝟔𝟎 𝐲𝐞𝐚𝐫𝐬 𝐨𝐥𝐝 𝐚𝐧𝐝 𝐛𝐫𝐨𝐤𝐞! 𝐂𝐚𝐧 𝐲𝐨𝐮 𝐫𝐞𝐥𝐚𝐭𝐞 𝐭𝐨 𝐭𝐡𝐢𝐬 𝐝𝐢𝐥𝐞𝐦𝐦𝐚?
In today’s ‘hot off the press’ episode of the podcast , I talk about this dilemma. Life is short so how can we do both ? I give examples from personal experience and share what has worked for me. Perhaps The fact that I share my travels at and I talked about finances may be my best example of me trying to win at both 🤣🤣.
The podcast is now live everywhere!
𝗪𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐛𝐞𝐬𝐭 𝐭𝐢𝐩𝐬 𝐭𝐨 𝐥𝐢𝐯𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐦𝐨𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐩𝐥𝐚𝐧 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞!?
As much as we’d love to speed up this #debtfreejourney and start building wealth - this quote reminds us that it’s okay if it takes a little bit of time to get to the end goal. 🎯
We tend to rush things sometimes and then realize we aren’t ready and haven’t set goals or plans for what to do next. We’re learning to take a step back and simply be grateful and reflect on this amazing journey we’ve been on so far. 😊
Remember that things happen in their own time and most importantly they happen if you are disciplined enough to stay the course. This isn’t a race - enjoy the ride, enjoy the journey. 🌺🎢
It’s good advice 👍🏻😆⠀
☀️Follow @berrysonabudget for ways to feel great about your money. ⠀⠀⠀⠀⠀
🌱Free Financial Coaching Consultations - Link in Bio⠀⠀⠀⠀
5 441 hour ago
Happy Wednesday! Embracing your own personal financial identity can set you up for success and give you the confidence to make your own money decisions without thinking about what other people are doing or following the crowd. 💯💯
Unless you are printing it in your basement, you probably have a limited amount of money to spend each month. Even when you have the best of intentions, you can still find yourself getting into financial trouble if you have bad spending or money management habits. These bad habits can cause unnecessary stress in your life.
Which bad money habit will you be letting go of this month? Comment👇
Please click the share button, let's help others stop these bad habits.
3 WAYS TO KILL THE DAY 💪🏾⠀⠀⠀⠀⠀⠀⠀⠀⠀
Your income says a lot about where you are in your business.⠀⠀⠀⠀⠀⠀⠀⠀⠀
The more you look at it the more emotion is drawn from what you see.⠀⠀⠀⠀⠀⠀⠀⠀⠀
And because you’re human, 9x out of 10 you’ll act on that emotion.⠀⠀⠀⠀⠀⠀⠀⠀⠀
So, why are you more productive when you review your finances first thing in the morning? 🤔⠀⠀⠀⠀⠀⠀⠀⠀⠀
☝🏾 you are fresh off a night’s rest, allowing you to process what you see for a more accurate observation.⠀⠀⠀⠀⠀⠀⠀⠀⠀
Whether you like what you see or not, you are motivated by those numbers to take action in the short term.⠀⠀⠀⠀⠀⠀⠀⠀⠀
✌🏾 You haven’t started your day so there are no pressing issues to be prioritized over reviewing your numbers.⠀⠀⠀⠀⠀⠀⠀⠀⠀
This allows you to see what has been working, encouraging you to do more of those money making activities immediately.⠀⠀⠀⠀⠀⠀⠀⠀⠀
☝🏾✌🏾 You are in a good mood and have good intentions which makes accomplishing tasks more obtainable. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
This increases your desire to get things done and sell more products and services.⠀⠀⠀⠀⠀⠀⠀⠀⠀
You typically only complete the first couple of tasks on your list each day.⠀⠀⠀⠀⠀⠀⠀⠀⠀
So, adding your revenue generating tasks to the beginning of you list not only increases your productivity but also increases your back account. 🤑⠀⠀⠀⠀⠀⠀⠀⠀⠀
What time of day are you most productive and how often do you review your numbers?⠀⠀⠀⠀⠀⠀⠀⠀⠀
Let me know in the comments ⬇️
5 113 hours ago
My updated investing figures for July. I didn’t send *too much* to investments; my usual $300 a fortnight payments, plus side hustle money and snow flake payments. I just send whatever I can afford that way. Investing for me is money I can afford to lose if worst case scenario hits, I wouldn’t recommend doing it as your main source of savings or emergency funds as it’s too volatile. Almost no dividends this month, just one surprise one from Turners. That’s me for July investing.
PSA in case you need reminding. Just because you are not inflicted with the coronavirus, it doesn't mean you're healthy. Take care of yourself. Stimulate your mind 🧠, stay in tune with your network 👯♀️, and keep your body fit. 💪
About a year ago, I had to put down my very first car after ripping and running it for 10 years. While it was such an emotional decision (y'all I was really attached to my car; I had several moments letting it go), I was excited for the opportunity to get a car I deserved and needed. Those who know me know I am savvy and stingy with my money. I save money and only spend when necessary.
Although I could have saved more money, I was able to buy my new car here, 2017 Honda HRV, out right with cash. Finding the right car and deal took patience, research, and negotiation (I don't ever take the first offer on anything; I will talk you down on any amount). I'm happy with my purchase and I want to help others when it comes to financial decisions like the one I made with buying a car. I look forward to sharing my skills and financial education tools so don't hesitate to reach out if you'd like to learn more! Stay tuned for more sharing (and a possible give-away!) 🤗
3 Ways High Ticket Sales Have Changed My Life…
#1 - My circle of friends and influence has completely changed. I’m surrounded by people who believe in QUALITY > quantity, which has trickled into all areas of my life including my relationships, health, finances, hobbies, etc. Building connections with these people has made me more motivated and determined than ever before. If you surround yourself with successful people, you’ll be successful too! ⭐️
#2 - High Ticket sales has opened a financial avenue where I will always make more money per sale than I did before. I will never make any less, and it will only continue to build upon the last amount. Meaning - I have no income cap, with no specific requirements to maintain my current commission payout. So as long as I continue to grow, my income will continue to grow, which also means it can grow by $1000’s of dollars within a single year. This is not an option I had access to before. My pay was my pay.
#3 - I’ve been able to invest in my personal growth and development through mentorship and coaching programs. Something I never saw the need for in the past, nor could I afford, has now become a priority investment. Exposing myself to these experts and their advice has helped me reconfigure my brain and normalize having higher standards. This has helped me build confidence and add to my own source of knowledge.
I wasn’t expecting to gain any of this when I first got started. I was only in it for the extra income, but I’ve gained 10x more than I thought I ever could have imagined.
If you’re looking for a Life-changing business opportunity with a rock solid community - I’d be more than happy to introduce you to mine! 🙌
Comment below, or send me a DM!
13 16931 July, 2020
I said YES!!! It’s time to start another sinking fund! 🥰🥰🥰🎊 I’m going to marry the love of my life!!
166 1,70012 hours ago
...Added owning a cabin in the mountains to my vision board!
Which would you prefer, a cabin in the mountains or a beach house? Or maybe you want both of them 🤷🏾♀️ Let me know if the comments 👇🏾
The first time I made a budget it was sort of stressful bc I didn’t know if I was doing it right. So I just kept doing it over and over, and even watched YT videos to get more comfortable. It is definitely not easy the first time you do it. Or second. Or third. Maybe fourth too. But being on a budget allowed me to be in control of my $ and see how much $ I would have remaining that could go towards debt if I stick to the plan.
My two fav days of the month are
- when I am planning for the next month and
- the last day of month when I see how much $ I have leftover to throw towards debt
65 1,8439 July, 2020
✨TRANSPARENCY✨ is what you can expect from us, so let’s just get right to it... ⠀
We are FAR from perfect. In fact, we are the perfect example about what NOT to do with your money. ⠀
We went from $0 of credit card debt to over $26k in only 3 years... and probably more like 2.5 if we are being really real here. ⠀
Here’s where we currently stand on our Baby Step 2 journey to being debt free. We realized once we started normalizing money conversations that, although we are a bit extreme in some cases, we are pretty normal. We had a car loan, a significant amount of credit card debt, $130k in student loans (2 master’s degrees from a private university 🙄), a mortgage, oh and we can’t forget the timeshare we bought in Mexico on our honeymoon. 🙄😂😳 ⠀
We are not embarrassed or ashamed of these epic money mistakes we’ve made because we have drastically changed our habits and lives around in the past year. We are currently free of credit card debt 👏👏 and working on our student loans. We took a look in a mirror, did some SERIOUS self-reflection and learned from our mistakes. What more can you ask for? In July, after cash flowing a home project, we will be putting close to $9k on our student loans. ⠀
Tune in to episode 1 of The Price of Avocado Toast to hear our FULL money story... this is only a small piece and trust us, it gets even more juicy. We are scheduled to launch at the end of June! 🚀 🎉
20 12919 June, 2020
GUESS WHAT?! WE’RE TALKIN’ ALL ABOUT $$ ON STORIES TODAY!💰Check out my highlights for all the tips!!
⠀⠀⠀⠀⠀⠀⠀⠀⠀ @savvyguides is taking over my stories & is ready to answer whatever burning questions you have 🤪💰 There are definitely no dumb questions...and if there are, I promise I’ve already asked them LOL😂
I’ll be hopping over to her stories for today to talk all about my journey with sustainability & the changes I’ve been making!
Can’t wait for y’all to tune in!🤩🥳