The Ongoing Results

For the past few months I have been showing you ways to save and invest your money. A lot of you started using the information I provided I’m glad things are working out. To motivate you guys more I’m going to provide a monthly report on my investment, income, dividend and interest. I want to show you some of the results I’m getting to prove to you that those tips really work, as I’m letting you guys in my little Bubble.

This process started a little over 4 years ago from my account overdrawing every month to a net worth of $150,000.00 in my net worth, this amount doesn’t include my cars, my watch collection and my guns.
It’s not easy at all to discipline your self specially with spending. The first $25,000.00 was the hardest once you hit that milestone it gets easier. And at that point you also have some type of awareness of where most of your money going besides your monthly bills.

Stocks : $71,865.36 Novem -$6000.54
HYS:      $53,218.64. Novem +$54.07
40(K):      $8,249.34 Novem – $600.10
RothIRA: $4,786.16 Novem – $249
Emerg:     $5,000.00 Novem $0.00

Total $143,119.50

My biggest problem was I couldn’t stick to the budget a lot of time I would spend money I didn’t have. Having a credit card limit over $16,000.00 didn’t makes things easier as I thought it was my money where interest was eating my paychecks
One morning I got up and I was looking online on ways to save, there is a lot of information out there except they don’t really tell you where to start and what to do.

It’s like those people already made it and they just throw everything at you at once, for example without even talking about budget and savings they jump straight into investing. Without building your tolerance first. The most important thing about this is to cut your spending you must cut it until you can feel the pain. You don’t have to eat steak every night for dinner.

Another thing I realized once you start talking about finance everybody Falls asleep because of the idea of living paycheck to paycheck is the new normal. People don’t have time and extra cash to put away plus they spending money they don’t have without thinking about interest.

This is what I did it works for me and the sacrifices really pays off. I locked up my credit cards cancelled my debit card, and only carry 100 bucks in my wallet which wasn’t easy. But over time I overcome the need to spend. I only buy things that I needed, not want. One more thing always remember “not to spend your working hours money in minutes”.

Active Income Beside Your 9-5

Now days people can make money doing all sort of things. Find what it is that you are good at and exploit it, If you have a passion for it dig for it. I used to think that people who are talking about finance were just well off, they didn’t have to worry about living paycheck to paycheck with free time in their hands.

Little did I know, they started somewhere and all of this wouldn’t be possible without a budget. If at the end of every month your checking account have a balance of $0.10. revise your finances make changes you have a steady income you can cut your expenses to change the outcome of your monthly budget

Always remember savings start with little contribution and gradually work your way up no matter how small after awhile if you choose one of those online savings that’s paying high interest you will want to put more away after seeing the outcome of your hard work. To get this started there are multiple ways you can get money for a big first deposit let’s talk about a few.

Sale stuff you don’t need/use no, I’m not talking about wake up a Saturday morning throw a big yard sale with smart apps like letgo and so many others you can make profits of your unwanted stuff. You can definitely bump up your savings with that pair of shoes, purse, or dress you got for Christmas last year which you haven’t touch every since.

Share your knowledge if you are good at a subject, sale it by doing private tutoring, YouTube channel whatever way is the most convenient for you to get get that extra cash exploit it. If you like to decorate go ahead add your stuff in Pinterest with income potential. Or if everyone are saying you are good with kids, babysit for friends and family. Any of those little things can bring big changes to the way you manage your budget save and so on.

For this Christmas rather than buying yourself something expensive, better yet treat yourself instead with a bigger saving a lump sum investment. Before buying gifts for others remember “not to spend your working hours money in minutes”.

Follow The Affluent

Your surroundings says a lot about you financially, stable people sees things differently. As you don’t have to influence them. Most people consider the affluent cheap, I call them frugal, they don’t live paycheck to paycheck. They never fall short on rent/mortgage, and they are not driving this year’s model. Their kids don’t have 6 pairs of Jordans in their closet.
Instead they invest most of their money and live on profits, dividends, residual income and interest.

Living a simple life is what they do most, most of the those people are millionaires. They can afford a wealthy lifestyle which will cost them in the Long run but they will rather live comfortably instead of pushing to the limit where it’s going to hurt.
If you pay close attention only a small percentage of them drive foreign cars as they are more expensive. A lot of to them didn’t get their money from Mom and Dad they work hard for every penny.

You might be asking yourself right now who are those people? they are small business owners such as Janitorial, carpet cleaner, used car dealership and so on. They work overtime and get pay less which is normal for small business owner. We all can use a page from their book. Most of us use the local bank where they pay us nothing and I repeat nothing on our hard earning money. Most of those local bank will give you only a 0.01% interest rates.

The fast cars and the flashy clothes/shoes and the big house in fancy neighborhood is nice and everybody would love that but you are hurting yourself by not saving or investing. When you are not able to work as hard you working now will you be able to keep up with that lifestyle?