Once you have paid off your debt (with the exception of your mortgage), you are ready to start seriously investing. The only exception for investing before you are debt free is retirement. It's never too early to start investing some amount into a retirement account, whether it be through your work's plan or on your own plan. Retirement should be an automatic amount … [Read more...] about INVEST – Let Your Money Work for You
Beginner Series
DEBT – Dump Your Debt
This is a quick guide on dumping your debt. Debt comes in many forms, such as mortgages, credit cards, loans and ways you've never imagined. Nowadays, people find new, innovative ways to get themselves buried in it everyday. It's an art really. This brings me to my first point: How We View Debt Debt is not our friend. In fact, it's the enemy. Racking up debt by … [Read more...] about DEBT – Dump Your Debt
PLAN – Be Prepared for Anything
Unexpected events are some of the only events we can expect. How do you expect the unexpected? You need a plan. It's important to be prepared. Financially, there is one major step to take that can leave you feeling secure. An emergency fund. An emergency fund is the most important foundation of your financial health. No matter where you are in your financial … [Read more...] about PLAN – Be Prepared for Anything
GIVE – The Importance of Giving
Beliefs aside, we are all pretty familiar with this passage: Give, and it will be given to you. Good measure, pressed down, shaken together, running over, will be put into your lap. For with the measure you use it will be measured back to you. (Luke 6:38, ESV) Obviously giving isn't only popular among Christians, some other influential figures held giving as a high … [Read more...] about GIVE – The Importance of Giving
PAY – Organize Your Monthly Bills
Once your monthly bills are organized, you can set back and relax. It just takes a little time to accomplish this and it's worth the peace of mind. Don't be late on your bills because are unorganized. That is no excuse and the companies that you pay would agree. Get organized! Know what and when money will need to be paid. There are 3 simple steps... 1. List Your … [Read more...] about PAY – Organize Your Monthly Bills