Wealth Management
This is crucial if you need to save up or "make" more money
I. Total up you monthly income.
II. Total up your bills and only essential spending such as food, car, card, insurance, and mortgage payments.
III. Know the dates by when you have to pay them.
IV. Do Not spend on unnecessary items, food, clothes, etc.
V. Here is an example:
1) Total Income: $4,000.00 per month
2) * Car Payment: $200.00 per month (paying more every month, you will pay less on the long run)
* Car insurance: $300.00 per month (changing car insurance companies every 6 months helps reduce this)
* Food: $500.00 per month (shopping with coupons and different places can save you here)
* Bills: $700.00 per month (including gas, etc.)
* Mortgage: $1,800.00 per month
* Left over: $500.00 per month
3) Have a goal and reach it for example at this rate it will take me 10 to 17 months to save up $5,000.00
VI. Here is what you do with that "left over" money which I like to call play "money"
1) Save $300 and spend $200 going out and having fun
2) Save the $500
3) Invest it in equipment and things for your business. It takes time but nothing is impossible.
4) You can even save up for those expensive shoes you wanted, or even that watch with gold plating on it
VII. Always stay in your financial lane, meaning don't spend more than what you make and save up.
VII. You can play the doubles game, doubles game is a strategy in which you compete with yourself by doubling your money as soon as possible.
For Example: I have $100.00 dollars in my bank account, lets make it $200 so, I deposit $100.00 to my account this week and guess what? now I have to reach $400.00 and next time its $800.00, then $1,600.00, after that $3,200.00 until I beat every goal. This is such a simple concept that you can even start with one cent it will take you about 12 times to pass the $100.00 mark.
II. Total up your bills and only essential spending such as food, car, card, insurance, and mortgage payments.
III. Know the dates by when you have to pay them.
IV. Do Not spend on unnecessary items, food, clothes, etc.
V. Here is an example:
1) Total Income: $4,000.00 per month
2) * Car Payment: $200.00 per month (paying more every month, you will pay less on the long run)
* Car insurance: $300.00 per month (changing car insurance companies every 6 months helps reduce this)
* Food: $500.00 per month (shopping with coupons and different places can save you here)
* Bills: $700.00 per month (including gas, etc.)
* Mortgage: $1,800.00 per month
* Left over: $500.00 per month
3) Have a goal and reach it for example at this rate it will take me 10 to 17 months to save up $5,000.00
VI. Here is what you do with that "left over" money which I like to call play "money"
1) Save $300 and spend $200 going out and having fun
2) Save the $500
3) Invest it in equipment and things for your business. It takes time but nothing is impossible.
4) You can even save up for those expensive shoes you wanted, or even that watch with gold plating on it
VII. Always stay in your financial lane, meaning don't spend more than what you make and save up.
VII. You can play the doubles game, doubles game is a strategy in which you compete with yourself by doubling your money as soon as possible.
For Example: I have $100.00 dollars in my bank account, lets make it $200 so, I deposit $100.00 to my account this week and guess what? now I have to reach $400.00 and next time its $800.00, then $1,600.00, after that $3,200.00 until I beat every goal. This is such a simple concept that you can even start with one cent it will take you about 12 times to pass the $100.00 mark.