Depreciation or investment

Finance is tricky and it will always get the best of us. Most people think being financially stable means having to show their neighbors, friends and family that they are doing well. They buy car that cost about 3 times their income, which they only drive to work they don’t have time to take it any other place because they can’t miss a day of work or they will come short on something by the end of the month.

When I get to work in the morning I shake my head as I park my dirty truck I see a lot of investments sitting in the parking lot. While their owners are putting in 8 to 12 hours shift. Imagine if you could go to work and send your money to work at the same time? Well it’s possible they call that investing, you can even invest risckfree.

Putting your money in high yield saving or CD’s are guarantee money and also FDIC insured. Most of them can easily bring you an easy 2% monthly.

Let’s do a little logical you driving a $50000.00 car while you doing 2 jobs. With minimal time for leisure that $50000.00 is just depreciating. Not only it’s always park but also because buying a car is not an investment. Don’t get me wrong I’m not saying don’t pamper yourself. But in my opinion I think it will be more beneficial if your money work while you are working.

Tomorrow will be brighter and clearer for you financially as the super rich have multiple legs of income when combine every penny it adds up to a dollar. Be vigilant of what you are buying ask yourself if I buy this now will I have time to enjoy it? Or should I save and invest and buy it tomorrow with less stress?

The Savings Continue

Life is inevitable! Life will happen whether we want it to or not. I haven’t been touching base with you guys for a few months now because of life: full time job, two kids, and my little part time hustle have made it hard for me to write this blog every week. With that being said I’m doing way better financially than the last post. Not being able to interact with you guys make me feel like my accomplishments are small. But let’s not dwell on that.

Instead let’s take a quick look at what I’ve done in the past few months.
First of all I increased my 401K to 5%, this is what I call free money even though my job only match 3% I know I’m doing the right thing. My goal is to get it to 10%.

In the last few months I also was saving some money from an Haitian method call Esso/partner (sòl) the way this work you get a group of 10 committed people. Let’s say for a period of 10 months, each month everyone give $1,000 for 10 months. When it’s time to collect that’s an easy $1,0000 in your hand. I recently received mine and I won’t lie that felt really good.

I also boost my other savings while decreasing the amount on my student loans drastically. I only owe $6,000 now. Those are all good accomplishments I can’t wait to completely eliminate the entire thing in my Mortal Kombat voice …. “Fatality”!…. Lol 😁 enough fooling around let’s check out that other method of saving.

Now this won’t get you rich nor make you quit your job. I call this the Gallon$. How it works I have four gallons my goal is to fill each one of with different amount of small change from coins to dollars bill. The gallons can easily be combined to make up to $5000. So far I have a dime gallon: no evaluation yet, a nickel gallon: no evaluation yet, and a penny gallon:no evaluation yet.

I say all this just to say it doesn’t matter how you save or how much little by little. Just know in time it will grow. Put it away and forget about it.

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.