“When I knew nothing, I thought I could do anything.”

~Robert Duvall

How does a bird build its nest? little by little one branch at a time. We can use the same concept in our finances. I come to realize to be successful one needs discipline and it’s not easy, as the more money you make the greater your expenses get. If you are making $100k a year you probably driving a car that’s worth at least $40 – $50k. Most of us have a mind set to impress others.

I can’t live that lifestyle anymore, there is an Haitian quote that read “Animal with tail don’t cross fire.” Meaning with my 2 little ones I can never go on a shopping spree, or chase extravagant lifestyle. We are all different; some people fear spider, some are afraid of hight. I’m afraid of going broke and terrifying of crossing tri-rails.

How do you measure success? Everyone will give you a different answer to that question. Your success is base on your goals and we all have different goals. But I can assure you that all the answers will have something to do with money. Because it’s a way of life, money is like the blood that flow in our veins and it’s vital. Compare to money which move everything and makes life way easier. Unless if you are a parasite you can survive without it.

People always say money can’t buy happiness or we can’t take it with us when we turned to dust. I Know all that but I still want to know what it feels like not to have that 5:30 alarm every morning. And if it doesn’t make you happy? Why do we spend most of our lives chasing it.

A Yatch will be nice why not Tesla or a Bugatti or a condo in Miami for money sake. Or will you rather call late for work because that piece of crap 1997 Toyota Camry is overheating again. Once you have money all those things don’t mean as much they did because the people you wanted to impress is not in your circle anymore. You got bigger competition.

It’s all about stage and steps you take wherever you are right now will play a big part of where you going to be tomorrow so whatever you do do it right. So be vigilant even Warren Buffett had dark moments. It’s not how much you make but how much you spend.

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

Desire, Aim and Propel

2019 is here and a lot of us will try to use this new calendar year as a way to make changes to our lives, finance, and drop bad habits all while keeping a positive mind sets. There is no better time to start enhance your finance than the beginning of the new year.

It’s about that time of year again where everyone is setting goals and resolutions. On your phone or note book write down 3 big goals you want to achieve this year. It doesn’t matter how big or small just make sure you stick to them and get involved.

For most people it’s their student loan, car payment or that dream house it might also be a big vacation or a wedding. Whatever you are saving for you need to find a way to check your progress for motivation.

Whatever you do don’t let go halfway throughout the year because most of us often get discouraged by the slow progress and lose focus at the bigger picture. Progress you going to make this year will carry over to next year.

Have you ever not feel good or even thought about stopping? Going through hard times is a part of life, characters are made through tough times. Just remember you are not alone we all have had one of those days. What do you do when you feel that way? You rest, reevaluate your plans, or even talk to someone who can give you some positive feedback.

Your health is just as important as your financial health. My main goal with my blog is to show just how important it is to fix it, when it’s not where it needs to be. Balance your budget take control over your spending make sure you are not spending more than your take home money.

Your finance is like muscle you need to exercise, assess and reevaluate it on a monthly basis. don’t let your money sit somewhere and not making you more. Most financial crisis are self inflicted by buying stuff we can’t afford or using high interest credit cards.

My goals for this year is to increase my monthly savings from 15% to 20%, continue saving for that dream house. And open college fund accounts for my kids (Florida Prepaid). Before we get in the market for the house we want to be debt free, no car payment, no school loan and 1% on credit cards.

Remember my motto

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

Crucial Decisions

How do you discipline yourself when it comes to your finances? You do so by setting realistic goals and make changes as you go. Create a budget that works for you, don’t get any made up ones online because often they are modified for that specific person.

Paying off your debt is a very important aspect in your finance as everything you owe have an interest of 6% or higher. School loan stick they don’t go anywhere even when you file bankruptcy. If you are thinking of buying a house in the future you better keep your school loan payment on track.

Saving is great but the less debt you have the more you can save by doing that you will have a more steady financial support. This is what I do every month; I increase my savings, I have a high yield saving account where most of my money is besides the stocks market. My goal for this coming year is to pay at least 30% off my school loan hopefully in 3 year I can achieve that debt.

Decisions you are making today will tell how comfortable you are when you’re getting ready to retire.Turning 30 was the tipping point for me from my opinion buying a house when you are 28-33 is a great financial success. Because if you get a 30 years mortgage your house will be paid for by the time you retire. It’s not as easy as it sounds buying a house is one of the biggest financial decisions one have to make. It’s very important to put money aside for that, at least 20% of your down payment. This will make your monthly payment lower and you are more likely to get qualify for a something you can afford.

When planning to buy a house, it’s crucial not to owe money on your credit cards and don’t even think about that brand new car. Debt to Income Ratio will distinguish how much you can get qualify for.

Add up your monthly bills which may include: Monthly rent or house payment.

Divide the total by your gross monthly income, which is your income before taxes.

The result is your DTI, which will be in the form of a percentage. The lower the DTI; the less risky you are to lenders.

Always buy what you can afford, there is nothing more painful than buying a house and don’t get to stay home to enjoy it because you have to look for a part time job to keep up with the payments.

In a year or 2 me and my wife will be in the market for a house to turn into a home. The thought of it gives me mix feelings excitement and anxiety. We are in the process of saving for the down payment. That money is in a high yield saving where every month we get 2% interest.

“Always remember not to spend you working hours money in minutes.” I will publish every step I take on the crucial Decisions so stay tuned for more. 

Crucial Decisions