The Pathway

I took time to jots down a couple of thoughts regarding finances. Finance is not only a sensitive subject but its also a struggle for most people to manage, understand, or sustain.

Sometimes you try really hard and still failed to realize whatever is it you want to accomplish. It could be a business or financial stability. Remember one thing, as long you keep learning from your failures, dust yourself up and continue on your path you will see nothing in this world is unattainable. My methods for all my blogs can be applied to just about anything you might come across.

Certain things in life has nothing to do about your level of education or how much money you have in the bank. It’s about what you put in to get to where you are right now. People often search for the world but only manage to do the work that led them to their backwards.

I believe most of you heard this quote before ” you only get what you put out”. When you see a billionaire ask yourself how much work did they have to put to get that billion, how much savings they had to save to get that billion, or how much sacrifices was made. Its one thing to actually think about doing something and it’s another to actually put that thinking into action. If you are thinking of open a business or looking for financial stability, put in the work, spend time on your plans, make a dream board, or surround yourself with successful people that already know the pathway to where you want to be.

My Pastors have this saying that goes ” You run with thieves pretty soon you will be a thief, you run with people with a business mindset, pretty soon you will be a person with a business mindset”.

Stop putting yourself down by saying you don’t know how to code or don’t have the financial ability to start something. Change your mindset and you will see what you can accomplish. A lot of big Enterprise that exists today started from a basement/garage. Find whatever it is that you are good at and milk it. Put in the work. Always make sure that you are honest with yourself and your customers. You might not succeed your first try but if you continue with your dream and keep the faith you are bond to make magic.     Be true to yourself and have vision. Vision is the keys to success.

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Have Questions? = Safe Arrangements

What do you see yourself doing when you think about retirement? where do you see yourself?
All we talk about is saving and saving a lot of money for tomorrow. While we often fail to ask the obvious question, what are you saving for? Are you going to travel? eat out every night or being generous to kids and grandkids?

Are you considering of putting a down payment on a house or a car for the kids or grandkids? Or help getting that priceless weeding? All those questions matters, you need to answer them while saving for stabilize future.

A lot of people now days are moving to different countries, for many reasons: to pronlong their financial longevity and to escape cold weather. As it’s cheaper to live abroad not to mention the beaches and it’s always 75°. Keep in mind beyond retirement there is other decision you and your kids are going to make. Are you going to live at home or moving to an institution?

You will need big saving for mostly everything because social security alone won’t cover it, if there is still such thing.
That’s why you need multiple legs of income when you reach that millstone.

• Social Security (if it still around): will do well if your mortgage is paid off. Because for most people 35 % of their income goes towards rent or mortgage.

• Investments: safe investments with great dividend stocks that will bring quarterly income and stocks will also grow in value.

• 401(k): basically free money from work they match up to a certain percentage. Take advantage of it because it will come handy.

• Rough IRA. Imagine money coming in from all over the place even if they are not a lot but when you add all of them together they sure do accumulate.

So don’t be affraid, most importantly try not to avoid this conversation because the earlier you start the better off you are. Ask yourself all the right questions. And remember this is not a straight road you might have to make changes as you go. Make sure you have all your supplies before you get in that sail boat.

Love, Discipline and Save for them.

I’m not good at everything most definitely not an expert in finance but My wife and my kids can tell you how great and awesome husband and dad I am. With a 2 and 5 years old things at the house can be quite a challenge with toys everywhere, making breakfast, and get them ready for bed.

To show them how much we love them in my opinion is to equip them for a better future. With good education, support, and the possibility to accomplish everything they’ve dreamed of. The number one thing I always tell myself is for my kids to have everything I didn’t have without spoiling them with everything they do have. I try to teach them to be humbled and also making sure they appreciate the smallest things life has to offer.

Kids always receive gifts from grandparents, other family members and friends. Those gifts often come in form of money and toys. And as parents we want to make our little ones happy by throwing birthday party at an early age. Where we are the one who sends out the invites and even blow out the candles. Who is that party really for? There is nothing wrong with doing the traditional thing, for my family, I prefer opening a savings for college something like Florida prepaid.

You probably already thinking what if my kids don’t go to college. Don’t worry about that you will get your money back, or if they want to go out of State your prepaid account will cover a decent amount of tuition as out of State tends to be more expensive.

Grandparents and parents always proud of theirs grandkids accomplishments they talk about them a lot. So go ahead cancel the next few up coming birthday parties and let Grandma and Grandpa knows what you are up to. If you start early the contribution you have to make is really small about $50 – $100 a month. Save little today for a brighter future tomorrow.