First of all, Bobby Shmurda is coming home this year. How much you want to bet his infamous bop is about to hit the billboard chart again? As a nostalgic old woman, I likes what I likes and I'm always up for a trip down memory lane. Plus, I slay the "Shmurd", so I'm ready for the celebration. I'll look great there.
Now that I've gotten that out of my system, let's get into money dreams and goals, which is why we're here.
I grew up po'. My relationship with money in my youth was spend it when you get it and there's never enough. That is not a joke. Somewhere in my 20's I realized that wasn't cool and I've been working toward greatness ever since. I took the struggle bus to get there. I'm actually still on it, but I'm much more aware and working much harder towards my end goals with a little help from my friends.
First, there's Dave Ramsey.
When I tell you this man and his crew give the most practical money advice I've ever heard. Honey. From the 25 year old with $80,000 in savings trying to decide whether to buy a home or rent to the young man trying to save while making $15 an hour, there's a little something for everyone. Their video titles are straight to the point and exactly what you get when you watch and they're generally only 5-10 minutes long. Find the time, change your life. I also recently downloaded Every Dollar, a budgeting app that Dave recommends. I'm pretty excited about it. I've used the Mint app in the past and kept falling off. Hopefully Every Dollar will keep me more engaged.
Next up, and I've mentioned this before, my fiancé and I just became members of a credit union and opened our first savings account together. We also opened a Christmas Club account and I'm especially excited about that. A Christmas club, also called a holiday club account, is a type of savings account in which people make routine deposits throughout the year. The accumulated savings are then withdrawn before the holiday season to provide funds for holiday shopping and other expenses, like travel. In our case, the account matures on October 31st which will be right after our wedding. Perf. Accounts aside though, every person with money that I admire preaches the importance of having a relationship with a banker. I've been a credit union member before and I had that, but it's been years. With mobile banking, I haven't cared to see the inside of a bank in quite some time. There's literally no reason for me to go in there. Except there is. Having a relationship with a banker will keep you updated on what's happening with the bank, potential opportunities to grow your money and a financial adviser that comes with the purchase. Sweet deal if I should say so myself.
Lastly, let's talk income. If you're after wealth, having multiple streams of income is a must. At this point, my companies aren't bringing in the mils, but that will eventually change. In the meantime I'm making by with what I've got, saving what I can and looking for a job that fits my skills. There was a time when, traumatized by an office job that wasn't for me, I couldn't fathom a 9 to 5. However, now that I have end goals and plan to meet them by any means necessary, I'm cool with it. When I get this cute job that the Lord Jesus has planned for me, I will have 4 streams of income (I didn't mention yoga). I want to have at least 8. I'll get there. The graphic below breaks down the different types of income streams. How many do you have?
So, with all this buzzing around in your head, what's your money life looking like? Are you setting yourself up for success? Let me know if any of this info was helpful and don't forget to share your tips and tricks in !