User
Write something
Get your short-term finances together, the way it works best for you.
Find money you don't need for your week-week month-month life don't forget those once a year expenses too. have money allocated to everything that you absolutely need or don't want to live without! It's your life so you should know pretty well what those things are, then just figure out how much they cost and boom budget! Establish an emergency fund $500-$1000 preferably 1 month of expenses before you start investing Why so many stipulations before you start to invest money? Because if you don't have the other things properly taken care of you will either want to pull money from your long-term investments or be forced to if times get bad enough. The result…Takes away from your long term wealth building...
5
0
Personal Budget reminder
get your budget on point so your short term money is under control. Emergency fund first $500-$1000 for unexpected expenses. (you choose the time frame to build this amount up based on your situation) All essential expenses for the month must be taken out and put into your "bills" account so we are not using money for bills for wants. Also if your short term money is not in order yet or you struggle to make ends meet, you are not ready to invest. In my experience you will be too tempted to take out the money in your investments to either cover short term expenses or will be "scared" out of your position with a temporary downtrend in price. Do not use money that you need now for investing you probably won't leave it to grow. if your investing time frame is 5 years or 50 years DO NOT use money that you need over those time frames. That is LONG-TERM money not to be used in the short term
Profit first?
Hey Joey and friends, I am curious, has anyone here heard of and/or implemented to profit first model of finances? I do it with my business, and think it would be great to start using in my household. Curious your thoughts and/or experience!
Profit first?
1-3 of 3
Finance JustJoey style
skool.com/finance-justjoey-style-7800
This is for financial education. Budgeting, loans, credit scores, investing. The basics, simplicity and mindset how to improve your life with money!
Leaderboard (30-day)
Powered by