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theambitiouswoman · 6 months

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Basic Financial Rules To Live By 💰✨

Create a plan that shows how much money you get and how much you spend. This helps you see where your money goes.

Set aside a part of your money as savings. Try to save at least 10-20% of what you earn.

Be careful with borrowing money, especially if you have to pay back a lot of extra money (interest).

Save some money for unexpected things like medical bills or losing your job. Aim to have enough to cover your living costs for a few months.

Put your saved money into different things that can make it grow, like stocks or real estate. Be patient, as it takes time.

Don't spend more money than you make. Stick to buying what you really need, not just what you want.

Decide what you want to do with your money, both in the short term (like a vacation) and long term (like retirement).

Set up automatic transfers to your savings and bills so you don't forget to save or pay your bills on time.

Make saving money a top priority before spending on other things.

Regularly look at your money situation, adjust your plan as needed, and see how your investments are doing.

Pay your bills on time and use credit wisely (like credit cards) to keep a good credit score, which can help you get better deals on loans.

Save money for when you're older and don't work anymore. Use retirement accounts to help with this.

Think before you buy things. Don't buy something just because you want it; think if it's necessary.

Keep learning about how money works and how to make smart money choices.

Only use your emergency fund for real unexpected problems, not for things you just want to buy.

#financial planning #finance #investing #money #girl math #wealth #level up journey #it girl #dream girl #dream girl guide #dream girl tips #dream girl journey #that girl #becoming that girl #educate yourself #wealth mindset #growth mindset #success mindset

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alwaysbewoke · 8 months

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this is why prenups are important because you have to leave her. she's not an adult. she's a child in an adult body who wants this guy to just be a walking, talking atm machine with a dick. she's clearly contributing nothing but wants him to work himself to death so that she can have a social media worthy life. this is why men need to continue asking "what does she bring to the table?" or they will find themselves in this situation.

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fuzzyghost · 5 months

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#the thing about money #money #financial planning #90s #ident #retro #gif #flashing

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bitchesgetriches · 1 month

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Hello bitches. I have a question about credit card usage. Right now, I only use my credit card for a singular subscription, and my credit is pretty decent. But do I need to be using more credit to boost my score? I'm concerned about keeping it in good standing, but to be honest I'm scared of using the card more because I don't want to fuck it up and ruin my credit.

No need to use the card more! As long as you're using it regularly (once a month for a subscription counts) and paying it off every billing cycle in full and on time, you're doing great.

There are other ways to boost your score, however, that don't involve changing your habits at all:

How to Instantly Increase Your Credit Score... for FREE

{ MASTERPOST } Everything You Need to Know about Credit and Credit Cards

Did we just help you out? Join our Patreon!

#credit #credit card #credit score #financial planning

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the-level-up-diaries · 6 months

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MY 2023 GOALS

The goals I set this year vs what I actually accomplished.

Enroll in WGU and complete a degree in 6 months

-I enrolled and switched my degree a few times. I am now enrolled in the master's program with WGU and I want to land a system admin job in the year year after I graduate that pay $90k-$120k. I am also getting Cisco and RedHat certified, so *fingers crossed* .

Pay off my student loan debt

-On December 22nd of 2023 I will officially be DEBT FREE!!! I struggled, worked 2 jobs, burned out a couple of times and made many sacrifices. I can honestly say I am very, very proud of myself. I questioned many days could I get debt free and even thought about waiting on relief, but I finally did thank God!

Get a job paying over $65k

-I took a course and landed an SDR role within a company and my job with OTE pays $72k. It's a hard job, but I am learning everyday and I hope that I can continue with the company as long as possible.

Get my credit above the 700s

-This is a yes and a no! I won't officially get my new score until the new year, but since all my debt will be gone, it should be past THE 700S.

Lose 50 lbs.

-I really struggled with my weight this year as well as my eating. What I learned is I needed to simplify my routine. I start turning on anime and watching that while I walk at a speed of 3.0-3.5 on the treadmill. I walk an hour everyday, but Sunday. I will lay out the plan on how and when I'll lose this weight in a later post.

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femmefatalevibe · 1 year

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I want to FIRE! Do you have any tips for that ;)

Hi love! While I'm not committed to their FIRE movement per se, here are some of my best tips to set yourself up for financial success:

Diligently keep track of your income and expenses. Audit every week or month to give yourself an honest look at your financial activity

Create financial goals and a realistic budget to help you achieve them

Prioritize saving up a 6-month emergency fund, maxing out your Roth IRA (or backdoor Roth IRA) and HSA account (if in the U.S.)

Purchase high-quality, timeless items that are built to last; It's cheaper in the long run to maintain items vs. constantly repurchasing items if you have the option

Create multiple sources of income: A 9-5 job, investments, side hustle, digital products, etc. Find ways to monetize activities you would enjoy doing without earning a dime

Focus on building a strong network and high-value, transferable skills: Even if you plan on working as an employee forever (no shame in that – it's a great way to get a steady paycheck), always strategize your career in a way that would leave you equipped to make it on your own. You need to be in the driver's seat of your career and financial life at all times

Make food at home, take care of your health, and take advantage of preventative medical testing, screenings, and procedures. Losing your health (physical and mental) is the easiest way to ruin your life satisfaction and your finances

Hope this helps xx

#finance #moneymindset #financial planning #savings tips #personal investments #female entrepreneurs #femme fatale #dark femininity #dark feminine energy #successhabits #success mindset #goal setting #it girl #queen energy #dream girl #female excellence #female power #femmefatalevibe #fire movement

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saber-monet · 22 days

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waiting till marriage financial stability

I feel like abstinence gets a bad rap as a form of birth control.

But in actuality, it's the most effective form for keeping you guarded from losers, and setting yourself up for success. Not just for avoiding babies.

I've never really heard anybody tell or talk about my perspective. But I feel like family planning and financial planning should go hand-in-hand.

You should be able to say "I'm not sleeping with anyone until I'm able to make $10,000 in passive income per month"

Not just for avoiding babies. But toxic/draining emotional attachment.

If you're the type of person who's sensitive to peoples emotions and energy. It just takes one wrong relationship/ a person to change their intentions/switch up on you/decide that they want different

to send you a depressive spiral/have trust issues/abandonment issues etc .

and this just might be me speaking from personal experience, but it's hard to be depressed or drained when you have access to money. Because money gets you self-care, it gets you a *decent* therapist, it gets you distance (vacation, road trips etc), if you need it, and you don't have to worry about being homeless for taking time off

#celibacy #abstinence #story time #my post #stay strong!!!#you are worthy #you deserve to be loved #practice the art of loving #stay in therapy #financial planning #self care #family planning #audhd #sensitive people #overthinking #relationships #birth control

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lilithism1848 · 28 days

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riyagupta0472 · 1 month

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Finding Your Investment Path: A Simple Guide

In the vast ocean of financial opportunities, finding the right investment scheme can feel like searching for a needle in a haystack. Every individual's financial goal, risk tolerance, and investment horizon are unique, making it crucial to navigate through the diffrent of options available in the market. From fixed income to equity and everything in between, understanding the various investment schemes is key to building a robust and diversified portfolio tailored to your needs.

Fixed Income: Let's begin with the fundamentals. Your investment portfolio's fixed income investments are similar to the consistent beat of a drum. The traditional examples are bonds and certificates of deposit (CDs). They are the best option for people looking for stability because they provide predictable returns at a lower risk. And you can earn average 8-10% return. Managed Portfolios: Do you like someone else to do the grunt work? You may want to consider managed portfolios. These expertly managed funds provide a hands-off approach to investing, catered to your financial objectives and risk tolerance.

Insurance: Although the main goal of insurance is to provide protection, several plans also include investment options. For example, life insurance policies give you coverage and the opportunity to gradually build up cash value; for the astute investor, this is a two-for-one offer. Derivatives: At this point, things become a little more intricate. The value of derivatives is derived from underlying securities or indexes. This group includes swaps, futures, and options. They can be employed speculatively or for hedging, but they're not for the timid. but do not invest in derivatives until and unless you are expert in this field.

Credit Instruments: Now let's talk about credit instruments, which include peer-to-peer lending websites and corporate bonds. With the range of risk and return potential offered by these products, you can tailor your portfolio to your degree of risk tolerance. Equities: Ah, the stock market, the global investor community's playground. Purchasing stock entails obtaining ownership of shares in publicly traded corporations. It's all about dividends and growth potential, but be prepared for market turbulence. Keep it straightforward: align your investments with your time horizon, risk appetite, and goals. To distribute the risk, diversify between several programs. And keep up with market developments at all times. Recall that there isn't a single, universal strategy for investing. Discover what works for you and get to work accumulating wealth!

#invetment #wealth #fixed income #security #risk #return #instrument #financial planning #financial services #low risk high reward

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hazelnatcoffee · 8 months

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**READ ME!!**

Hi guys!! I have just had my top surgery consultation after years of waiting! Unfortunately my insurance is only going to cover a fraction of it, so I need your help; this is the first and (hopefully) only gofundme I've ever set up, and I'd appreciate any and all donations to help cover my medical costs and transportation/lodging fees. Even a $5 donation is appreciated. Thank you all so much <333

****PLEASE REBLOG!!!****

#top surgery #gofundme #go fund them #financial planning #fundraising #I never ask for reblogs but PLEASE REBLOG THIS

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theambitiouswoman · 7 months

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Wealth Building: What Rich People Do Differently

Wealthy people prioritize learning about personal finance, investing, and wealth building strategies. They always strive to gain more knowledge in these areas.

They maintain a long term perspective when setting financial goals and are patient in their pursuits.

Wealthy people diversify their investments across various asset classes to manage their risk.

Many of them are entrepreneurs who create and manage businesses as a means to build wealth.

They build and nurture professional networks opens doors to opportunities for investments, partnerships, and business growth.

They set clear, specific financial goals and regularly review and adjust their strategies to stay on track.

Wealthy individuals exercise discipline in their spending habits, avoiding impulse purchases and consistently saving and investing.

They assess and manage investment risks carefully, often with the guidance of financial advisors.

Many engage in philanthropy and charitable giving, recognizing the importance of supporting their communities and causes they care about.

Wealthy people invest in their personal development, acquiring new skills and knowledge to increase their earning potential or make better investment decisions.

They use legal tax strategies to minimize tax liabilities, such as tax advantaged accounts and tax efficient investments.

Legal structures like trusts and estate planning are employed to safeguard assets and facilitate smooth wealth transfer.

Wealthy people can adapt to changing economic conditions and market trends by diversifying income sources and investments.

Building wealth often involves overcoming setbacks and failures, and the wealthy demonstrates the result of persistence in their pursuit of financial success.

They have a positive and growth oriented mindset drives their belief in their ability to succeed and willingness to take calculated risks.

They prioritize acquiring and growing assets, emphasizing that assets generate income and wealth over time.

They are cautious about spending in liabilities (Things that do not make you money) and maximize their assets (add value) and those that detract from wealth (liabilities).

Instead of working solely for money, they make money work for them.

When they indulge in luxury purchases, they do so using returns on their investments rather than the money they earn or have saved.

#finance #investment #financial planning #investing #entrepreneur #girl math #generationalwealth #rich #success mindset #wealth

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dr-avalanche · 5 months

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Basic Financial Rules To Live By

💰💰💰💰💰💰💰💰💰💰

Create a plan that shows how much money you get and how much you spend. This helps you see where your money goes.

Set aside a part of your money as savings. Try to save at least 10-20% of what you earn.

Be careful with borrowing money, especially if you have to pay back a lot of extra money (interest).

Save some money for unexpected things like medical bills or losing your job. Aim to have enough to cover your living costs for a few months.

Put your saved money into different things that can make it grow, like stocks or real estate. Be patient, as it takes time.

Don’t spend more money than you make. Stick to buying what you really need, not just what you want.

Decide what you want to do with your money, both in the short term (like a vacation) and long term (like retirement).

Set up automatic transfers to your savings and bills so you don’t forget to save or pay your bills on time.

Make saving money a top priority before spending on other things.

Regularly look at your money situation, adjust your plan as needed, and see how your investments are doing.

Pay your bills on time and use credit wisely (like credit cards) to keep a good credit score, which can help you get better deals on loans.

Save money for when you’re older and don’t work anymore. Use retirement accounts to help with this.

Think before you buy things. Don’t buy something just because you want it; think if it’s necessary.

Keep learning about how money works and how to make smart money choices.

Only use your emergency fund for real unexpected problems, not for things you just want to buy.

#financial planning #finance investing #wealth #levelup #wealth mindset #growth mindset #growth strategies #educate yourself #success mindset

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fuzzyghost · 1 year

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#investment #financial planning #american dream #retro #vhs #90s #screencap

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bitchesgetriches · 2 months

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Bullshit Reasons Not to Buy a House: Refuted

Keep reading.

If you found this helpful, consider joining our Patreon.

#real estate #mortgage #financial planning #home loan #owning a house

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talabib · 1 year

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Mastering the Art of Investing: Practical Strategies for Insightful Decision-Making

Key Point:

Making smart and insightful investment decisions is an attainable goal with the right strategies in place. By recognizing your limitations, managing emotions, seeking professional guidance, and aligning your investments with personal objectives, you can cultivate a robust and successful investment portfolio that stands the test of time.

Sound investment decisions are the bedrock of financial success. However, navigating the complex world of investing can be challenging, even for the most seasoned investors. This post explores practical strategies for making smart and insightful investment decisions, empowering you to grow your wealth with confidence and finesse.

Recognize the Limits of your Abilities

In both life and investing, it is crucial to acknowledge the boundaries of our expertise. Overestimating our abilities can lead to ill-advised decisions and, ultimately, financial losses. By cultivating humility and seeking external guidance when necessary, we can minimize risks and make more informed investment choices.

Manage Emotional Influence on Decision-Making

Emotions can significantly impact our ability to make rational decisions. To circumvent the sway of emotions, adopt a disciplined approach to investing, relying on data-driven analysis and long-term strategies rather than succumbing to impulsive reactions.

Leverage the Expertise of an Advisor

Engaging a professional financial advisor is a prudent investment decision. Their wealth of knowledge and experience can help you navigate market complexities and identify opportunities tailored to your financial goals, risk tolerance, and investment horizon.

Maintain Composure Amidst Market Volatility

Periods of market turbulence can incite panic among investors. However, it is essential to remain level-headed and maintain a long-term perspective during such times. Avoid making impulsive decisions based on short-term fluctuations and focus on your overarching financial objectives.

Assess Company Management Actions Over Rhetoric

When evaluating potential investments, examine the actions of a company's management rather than relying solely on their statements. This approach ensures a more accurate understanding of the organization's performance, financial health, and growth prospects.

Prioritize Value Over Glamour in Investment Selection

The most expensive investment options are not always the wisest choices. Focus on identifying value rather than being swayed by glamorous or high-priced options. This strategy promotes long-term financial growth and mitigates the risk of overpaying for underperforming assets.

Exercise Caution with Novel and Exotic Investments

While unique and exotic investment opportunities may appear enticing, approach them with caution. Ensure thorough research and due diligence before committing to such investments, as they may carry higher risks and potential pitfalls.

Align Investments with Personal Goals

Invest according to your individual objectives rather than adhering to generic rules or mimicking the choices of others. Personalized investment strategies are more likely to yield favorable results, as they account for your unique financial circumstances, risk appetite, and long-term aspirations.

Making smart and insightful investment decisions is an attainable goal with the right strategies in place. By recognizing your limitations, managing emotions, seeking professional guidance, and aligning your investments with personal objectives, you can cultivate a robust and successful investment portfolio that stands the test of time.

Action plan: Learn a few simple rules and ignore the rest of the advice you receive.

It’s easy to become completely overwhelmed by the volume of advice available about investing. However, you don’t need to become an expert on the stock market in order to become a good investor.

Just like an amateur poker player can go far if he simply learns to fold his worst hands and bet on his best ones, a novice investor can become very competent just by following a few simple rules. For example, he should learn not to overreact to dips in the market and make sure to purchase value stocks instead of glamour stocks.

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dollar-and-sense · 1 year

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Mastering Personal Finance and Investing: Your Ultimate Guide to Financial Freedom

Introduction: Understanding the Importance of Personal Finance and Investing Personal Finance and Investing: Your Path to Financial Freedom Importance of Personal Finance and Investing for Wealth Creation The Basics of Personal Finance: Budgeting, Saving, and Debt Management Mastering the Basics: Budgeting, Saving, and Debt Management Budgeting Tips for Effective Personal Finance…

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