11/08/2021
WHAT CAN YOU DO TODAY THAT YOUR FUTURE SELF WILL THANK YOU FOR?
We'll go first 👇
✨ MAKE THIS PAYDAY COUNT! ✨
Financial freedom has little to do with having more than one income stream and more of planning wisely how you'll spend the money you're currently making.
Once you've made peace with that fact, here are THREE ACTIONABLE STEPS you can do on any payday to jumpstart your way to :
1. Pay yourself first (and we don't mean splurging on a steak or rainbow bath bombs) - this means that you put away a percentage of the paycheck to benefit your current and future financial self first (let’s call it 30% of your paycheck).
You can either:
*Pay off your debt
*Add to your retirement plan
*Add to your investment portfolio
*Add to your emergency savings fund
2. Pay off credit card debts and recurring payables (such as rent, car loans, etc.) - this is important if you want to maximize your FICO score in the future. Good credit standing means that you are responsible in managing your credit.
3. Develop and commit to your budget - this is where plan out what expenses are necessary and not *so* necessary, and create a budget per expense.
Once you've developed a workable plan, DECIDE AND COMMIT TO DO WHAT'S NECESSARY TO STICK WITH IT.
Remember, your future self is counting on what you will do today!
