Savings  your own way

If you feel overwhelmed about how to save money, you’re not alone. While some may think saving money is relatively straightforward, one in five Americans have nothing saved at all. Especially in 2020 during this pandemic year with COVID-19. I would imagine it’s harder for many to start savings now.

Many might ask “how do I start that saving thing? The answers to that question is always complicated. The first thing to saving is coming up with an objective as to why you want to start saving for. Once you have that goal set in place then you have to start working on reaching your goal.

As I tell people it’s better to pay off debt as they carry higher interest than what your savings will bring. You can also set up a plan on how you going to do this. The first thing I did was giving myself 5 years to achieve the payment on my school loans. And try not to carry credit cards balance to the next month.

Trust me everybody living paycheck to paycheck, things are pretty tight you don’t see how that savings thing going to happen. Relax yourself a little, human were meant to be challenge. Tell yourself you dare it to do what you want to do. Like challenge yourself to put $25 away from every paycheck with the goal of doubling it next paycheck.

Now you probably already asking yourself how would that be possible. Because you always come short on the bills. Well it takes a little sacrifices. For instance if your phone bill is $69.00 a month switch to a different carrier they have good deals.
Talk to other people find out what service they are using and how much it cost them.

Also cut back on all the streaming services, it’s nice to have options but at what cost? Look back a little when was the last time you use all these services for more than 45 minutes in a single week. Be mindful of how you spending your hard earnings.
If you burn $150 in electricity. Start managing the way you consume energy don’t leave the  lights on if their not needed. Open the shades let some sunlight in.

You like it cool well while you at work keep the AC at 77. Unplug telelphone chargers when their not in use. Try to open the fridge as less as possible. All those little things will contribute towards doubleling that $25 dollars saving, stay focus and carry on.

Remember my motto “is not to spend your working hours money in minutes”.


Money and Us

What defines us as a person? Most of us will have different answer to that question because we all come from different background of ducation level, surrounding, and way of life.

2020 has been one hell of year. 2020 is the year people find out what they are made of and what they can over come. 2020 has been a year of self discovery, trying new things and finding new hobbies. As the world continues its battle to contain the  spread of the coronavirus pandemic, we have find it very hard to remember a time before COVID-19 and social distancing wasn’t top of mind.

The lives of many people around the globe has come to a complete screeching halt earlier this year, with the virus forcing most to stay at home, order necessities online and avoid physical interaction to help further prevent its spread.
We are all searching for a little bit of sunshine or a rainbow at the end of this. Right now happiness, joy, laughter and the peace of mind is all we are searching for these days.

There are time of sorrow and moment of darkness that we have no power over. But to get through those situations we need something to aim for. It could be a hobby an academic achievement or something else. We ofen find ourselves searching for this things all in the wrong places.

According to the Web in Google search Happiness is a state, not a trait; in other words, it isn’t a long-lasting, permanent feature or personality trait, but a more fleeting, changeable state. Therefore, it is safe to say money doesn’t buy happiness, while we often spend our lifetime chasing it, even taking chances sometimes that involves high risk even death.

For it we spend more time with coworkers than our love ones. We trade 40 hours a week if not more, in return to tax taken off, social security and medicaid all while getting little back. In action the importance we give money have a lot of similarities with blood. It enable leisure, pleasure and it’s a way of life.

The real thing is money don’t buy happiness but it facilitate it. I’ve never seen someone crying on a speed boat or heading to Dubai in a private jet, while they might not be happy which one will you rather be, the one above or the one punching the clock?
Like the song says “we are not happy where we are. There is greener grass in the neighbors yard a bigger house and a faster car.” Human nature we were made for this and will spend our lifetime chansing it one way or another. Weather it’s through hard work or hardly working, we gotta make a living and regardless of our income we always want the best, specially what we can’t afford.


Money Printer

Compound interest is like a money printer that is never going to run out of ink.

Money is a working machine, the harder you push it the more it recompensate you. Compound interest is something a lot of people don’t know about or how it works. The thing is compound interest have been here a long time and most people have make their fortune in compound interest alone. Thye will teach you about math and graphs but when it comes to the real world schools are blind to that teaching. They don’t teach you compound interest in  school.

The cool thing about compounded interest is that the bank is paying you interest on the money they’ve paid you in interest. The interest rates paid by money market accounts can vary quite a bit from bank to bank it all depends on the banks.

There are stocks that pay good dividends today, for the sake of time I’m only going to pull 5 great business with great dividends. These 5 have been around forever, so that should already tell you that these  companies are solid. Therefor you will have peace of mind knowing that your investment in these companies is a safe bet.

FORD  Dividend  $ 0.15   yield at 6.61%
IBM     Dividend  $ 1.63   yield at 5.62%
AT&T  Dividend  $ 0.52    yield at 7.48%
Altria Dividend  $ 0.86    yield at 8.80%
IIPR     Dividend  $ 1.17   yield at 3.77%

There are many ways to grow your wealth or to be stable financially. How would you feel if you were  told not to come to work while still getting pay? It’s plain and simple, investments is like sending your money to work and you get reap all the benefits because you are making money while you are asleep.

Before I started paying attention to my finances I thought it was hard or even impossible to accomplish those things unless you are rich or have a dead uncle somewhere who left you a fortune or you get some type of settlement, man was I wrong.

My first $50,000.00 was the hardest to save. With a lot and I mean a lot of temptations I was still able to maintain that amounts for a long period of time.

When I reached $50,000.00 I started having car problem. My bills were getting higher, family members, and friends were all presenting me their problems like they had an idea about my savings. On that I was getting approximately $89.00 a month with compound interest. That amount increase month after months.

Plus my investments are doing well some of them are over 200 percent up and not to mention all the dividends I am collecting, which I reinvest to keep my portfolio afloat. With money coming in from different sources even though they are not a lot but they accumulate every quarter is bigger and better than the previous one. The thing about compound interest is it’s never too late to start and it’s not a matter of when you grow up or how you grow up. Start early stay focus and have high goals.