Episode 1 busts four money myths. Tune in to hear us chat about all things money and what you shouldn't believe!
1 71 hour ago
Saving and investing are two different things and they are not the same. Investing is used to build wealth over time and saving is used for an emergency and to have your money accessible at any given time! 😊⠀
Now, we do feel that you should invest into your retirement plan (401k, 403b etc,) while paying off debt because you’re leaving money on the table with your company’s match; but when you’re doing extra investing (day trading, mutual funds, stocks, etc) on the side without an emergency fund in place or you plan on taking a large amount out (to buy a home, car or any larger amount) that’s when this question comes into play.⠀
To save or invest all comes down to your financial goals. 😊⠀
What do you think? ⠀
Have you heard of #yolo or #fomo ? Well, you can still #liveyourbestlife with a plan. Within a budget, allocate fun money for the weekends. This money is normally used for ice cream or maybe a manicure. The cash that is not spent over the weekend, should be placed in an envelope for later. Utilizing this technique will give you full control over your money.
📸Snap Inc. (USD Currency)
💲Share price: : $16.83 at close 9/17/2019
Industry: Internet Content & Information
Full-Time Employees: 2,734
💵Market cap: 13.79B -> Large Cap
Snap Inc. (aka #snapchat ) is considered a camera company in the U.S. & internationally. The camera feature in Snapchat helps people communicate through short videos and images. The company was founded in 2010 and is headquartered in Santa Monica, CA. ⠀⠀
Would you invest in this social media stock #trending now? 📊
1 410 hours ago
They are no shortcuts, so we have to commit to doing the work.
Sometimes I meet individuals who are trying to pick my brain their goal is to discover the secret.
Many still believe there is a secret code that will solve all of their financial mishaps.
The truth is there is no secret code or no shortcuts.
You have to be willing to do the work that is required to build the wealth you want to get you to your destination.
I notice that most of the family's argument, disappointment, worry, sadness, frustration are related to MONEY, money and money... For me, it happened because of our MISCONCEPTION about money and personal finance.
If you are a parent, please watch this video. This video is created especially for you and I hope this 7 tips can help you.
Hey WEALTHY WOMEN! Don’t forget to join me tomorrow night at 8pmEST on Facebook LIVE for WealthyU Women Winedown 🍷! Grab your favorite glass of wine and be prepared to take notes on how to take your finances to the next level. I can’t wait to connect with you all tomorrow in the WealthyU Community. Click the link in my bio to directly join the WealthyU Community Facebook group for tomorrow’s LIVE!
1 921 hours ago
We Are LIVEEEE!!!! While we are still waiting for Google and Apple to approve our podcast you can head over to pinktaxpodcast.ca or search for us on Spotify and take a listen! Help us hit our goal of being in the top 50% of podcasts in our first 30 days by sharing with your friends! Let us know what you think in the comments section below!
Retirement should be comfortable and fun if you plan early and wisely. It's one aspect of our lives we cannot avoid yet people pay less attention to it. Some of the mistakes we need to avoid if we want to retire comfortably include:
1. Not starting to save early enough: If you put out N100,000 every year for 30 years gives N3million saved towards your retirement. This excludes interest from investing the money. Start early and if you haven't already started, start now and don't think it's too late.
2. Ignoring spending habits: You earn N5million a year and live in a rented apartment that costs N3.5million a year, borrow to go on vacation, use the latest gadgets, attend every show to keep your lifestyle, and at the end you have no savings. That is a no no❌ if you want to retire comfortably.
3. Exposing the bulk of your portfolio to high risk investments: As you grow older and plan towards retirement, you need to focus your portfolio more on safe investments that do not erode your capital. Though the interest rate may be lower (in some cases), but they are better in the long run.
4. Not having a financial plan: A financial plan gives you a detailed breakdown on how to manage your finances and plan your life. It keeps you organized and informs you when you are going overboard. Your financial plan tells you to save N1milllion naira from your N5million salary before you start spending.
5. Not investing well enough: You can start investing early and keep your money in fixed deposits that pay little to nothing, say 6% for 6 months whereas a Treasury bill can offer you 12% for the same duration. That's double the interest. Investing decisions should be wise and well researched before commitment.
6. Depending on your children as your retirement benefits. This is an age long tradition. Though children are encouraged to take care of their parents at old age, parents also need to be careful not to put undue pressure and burden on their children during retirement. If we plan well for retirement, contributions from our children will be received as extra benefits rather than the main source of survival.
Did you learn something new, tell us 👉
🚘 Lyft, Inc. (USD Currency)
💲Share price: : $47.79 at close 9/16/2019
Industry: Software - Application
Full-Time Employees: 5,103
💵Market cap: 13.79B -> Large Cap
Lyft, Inc. is a peer-to-peer marketplace for ride-sharing in the U.S. and Canada. Lyft, Inc. also offers a network of shared bikes and scooters in various cities. As tech company, it also integrates third-party public transit data into the Lyft app to give riders the best experience on the platform. ⠀⠀
Would you invest in this ride sharing stock #trending now? 📊
2 1317 September, 2019
Until you change your thinking, you will always recycle the same experiences.
Let’s assess where you are today?
Do I need to change my thinking?
Have I changed my thinking already?
7 4717 September, 2019
Creating a budget and sticking to it is what it takes to change the course of your financial path.
Now, there's a lot more to a budget than the simple income and outflow of money from your bank account.
Maybe a better term is a financial plan.
In either case, also consider what you short term and long term life goals are. What do you want to do in the next 5 or 10 or 20 years?
Even if it's a long way off, start acting on your goals today. Get out of debt, save, invest, give.
AHT! AHT! Hey sis! How’s your day been? Good? Eventful? Long?🤔
Has any of it been spent on your social media marketing for your business? 👀
We have roughly TEN WEEKS left before Black Friday/Small Biz Saturday/Cyber Monday. This is NOT the time to half ass your social media marketing efforts. Social media marketing isn’t a bunch of noodles. You can’t throw it on the wall to see what sticks! Nope! You have to have a plan that will help you stand out from the crowd AND bring in solid sales.
This can be your best year yet in ONE SINGLE WEEKEND IF you’re taking the necessary steps to have a solid plan that you begin executing ASAPLY!
With my clients, we look at hardcore numbers and work from there. What’s the actual PROFIT goal you’re trying to hit? Remember, we start with the end in mind. From there, we work backwards to form a solid marketing plan that includes or solely focuses on social media marketing. I don’t deal in fluff when it comes to money. It makes no sense. I like to work with what works and what’s real. We decide on focused platforms, funnels and systems that’s going to get you to your goal. And that may mean it’s not pretty. It may mean it’s just functional and does the job. This is NOT THE TIME to worry about things that do NOT matter! It’s GO TIME! It’s time to make that money, because MONEY MATTERS! And we won’t stop there. We will have a plan in place for you to take that profit to pay yourself and invest back into the business or whichever makes most sense for you!
Next week I’m rolling out my intensives. This is for those who are ready to see some gains before 2019 rolls out. I work with you to come up with a plan for Q4, fully in place. You literally will just have to put it into action. So get your investment coins ready! It’s time to make money magic ladies!!! 🙌🏽🙌🏽🙌🏽
I know first hand what it’s like to feel broke and all the stress that comes with trying to make ends meet. When you choose the alternative, it still requires a ton of hard work but it pays off tenfold.
Good morning and happy Monday! One day left until our launch! Have you subscribed to our newsletter (link in bio)? How are you planning on listening to episode 1?
3 616 September, 2019
Good morning friends! Drop me a 👋🏾 below!
I'm Marilyn and I am a Financial Coach. I start and finish my day sipping hot tea. Green tea with honey to be exact. I gained a few new friends so allow me to reintroduce myself.
I believe we may not have the same beginning in life but we can have a great ending. Through education and community. I believe everyone deserves the opportunity to create a fulfilling life by living in their purpose. Vision to Wealth was created how I live myself. Everything I ever achieved was written down with a plan and a purpose.
My biggest wins in life came from a vision stitched in my head or written on paper. If you are looking for a community that will support you and help you achieve goals, you are in the right place. Allow me to be your biggest cheerleader. Being wealthy isn't all about monetary blessing, it's connected to health as well. Having a healthy mind and body is imperative on your financial journey. I'm sure you saw me in my IG stories working out. Well, enough about me.
📈Limit order provides instruction to only execute at or under a purchase price or at or above a sale price. ⠀⠀
📊For example #UberStock is at $33 per share. You can place a limit order to get a notification to buy when the price drops to $30 per share. Limit orders are a great way to take advantage of price dips to maximize your buying potential in a particular stock. ⠀⠀
💵Ready to start safely investing and growing your money? ⠀⠀
🖥Make sure you subscribe to my #YouTube channel! I release videos every Monday, Wednesday and Friday. My videos focus on stock market #investing particularly geared towards women. ⠀⠀
👩🏽💻I am always very transparent with my viewers because my goal is to be relatable and not hype this whole ‘investing thing.’
📈I’ve managed to invest $50K by age 24! I am college graduate (UCLA) I have $0 student loan debt and I am currently working towards establishing a net worth of $1M by age 30. ⠀⠀
I hope you can join me on my journey. If you have any suggestions of what you would like to see on this platform or on youtube, please leave it in the comment section!
Are you still holding on to the past? Please read below
Still dwelling on what happened, what could have happened and what should have happened... the past is the in the past, my friends. whoever harmed you, whoever made you feel bad and left whomever you thought was a close friend or a loyal partner and turned out to not be one.
Just Forgive them
you have the power to do so, they don't have the power to take it back and i think this makes you very powerful
If you are ready to start investing, this book would be my number one pick.
It explains a simple, yet effective, method of index investing to grow your money.
The Bogleheads Guide to Investing helped me decide to use target date index funds for my retirement portfolio.
Make regular deposits, invest in 3 index funds, be patient, and stay the course for the long haul.
These are the attributes of successful long term investing.
38 17316 September, 2019
Overdraft fees? Yeah.... how about no. 🤨 #bankingmadesimple means free checking. No overdraft fees, no ATM fees at thousands of ATMs across the country, no stress.
Sunday Motivation; The very moment we realise that it takes our tiny droplets of effort and consistent practice to make all the difference, then in that very moment we have truly understood the beauty of life. Happy Sunday💜💸. #personalfinanceblog#personalfinancetips#hustlersquad
0 415 September, 2019
Regardless of which path you are on, you will need a support system. Get you a kick-ass tribe that will support you and hold you accountable, you don’t have to do it alone.
The way my life is set up, I needed multiple kick-ass tribes to support me in different areas of my life.
100 followers!!! Thank you all so much. I love being able to share what I learn on this journey to financial independence.
9 1615 September, 2019
Now that you’ve realized the cost of your dreams (literally 😆), you’re probably wondering what’s next? NOW WHAT? .
NOW we get into one of the best ways to make that money you need for that dream lifestyle. NOW we focus on growing your business AND your bank account. NOW we start focusing on making SOCIAL MEDIA the go to tool in taking your business to the next level.
Strategy, tools, conversion tactics, tutorials, etc. It’s all coming your way.
Why do I think social media is the go to tool that will take your business and bank account to the next level? Simply because the results I’ve seen with my clients. They’ve learned to show up as an expert, have consistent content, build solid relationships, grow their authentic following and collaborate with industry leaders. All of which has helped them reach goals like getting paid speaking engagements, grow their MLM teams, increased sales, get noticed for tv spots and break into six figures. Social media and online biz strategy are my sweet spot. I know how to get you to your financial goals. The proof is in the pudding.
So get ready sis. Your “Now what?” is about to turn into, “Why didn’t I do this sooner?” 🙌🏽
No person is born with the skills to be financially responsible...this is a learned skill. It is extremely important that these skills are learned...but even more crucial that they are learned at a young age. These skills are actually quite simple, but take discipline and are not always easy. .
Erica asked her husband James Peterson to join her to teach this topic. We go through some important things to start now, and some common financial pitfalls that can be devastating down the road if you don't fully understand the impact and consequences of your decisions.
11 5314 September, 2019
Take control of your finances with a financial plan.
It's time to create a financial plan. Invest in your future this weekend and set those goals you would like to achieve within the next 5-10 years financially.
The first step is to list your bills by there due dates. Highlight any bills you can make a minimum payment on. Put a checkmark beside any bills that are past due.
Read my previous post for tips on how to get current on past due bills. If you can make the minimum payment on any upcoming bills, do so. It will give you flexibility with your cash until you are comfortable with your new lifestyle. The goal is to current if you're not. Once you're current, set up your payment plan around your pay schedule.
In a financial plan, consider every aspect of finances; savings, debt, insurances, and taxes. Once you identified all of your expenses, it time to create a more detail plan with a solid foundation. A solid foundation is an emergency fund and getting current with all bills.
When I felt I had taken myself all the way I could, I knew the next move would be to get a coach.
Sometimes we take way too long to make the next move, and that stops us from reaching our full potential. I don’t know about you, but I want to reach my full potential.
I’m sorry, but I’m not going to spend 40 years walking around the mountain. I’m going to ask Google for directions, and that’s my coach. I went and got the best in the business.
She has worked with the likes of Steve Harvey and Lisa Nichols and now Yulande Cummings. 😂 My coach does the same for me that I do for my clients, just on a different level.
Instead of developing the foundation, we are building skyscrapers. One of my favorite analogy is when building a house you must set a solid foundation, then and only then you can go as high as you like.
For my real MVP so I know you made it all the way to the end, drop the number one in the comment.
It’s #FinancialFreedomFriday and we’re continuing the conversation about STOCKS!
Do you know what Dividend Stocks are?
Dividend stocks are companies that pay out regular dividends. Dividend stocks are usually well-established companies with a track record of distributing earnings back to shareholders.
3 Reasons you need to familiarize yourself about DIVIDEND STOCKS.
1. Stock dividends work similarly to cash dividends in that each shareholder gets a certain number of additional shares based on the number of shares already held.
2. Dividends are a good way to give an investment portfolio additional stability, since the periodical cash payments are likely to continue long term.
3. Aside from option strategies, dividends are the only way for investors to profit from ownership of stock without eliminating their stake in the company.
1 1113 September, 2019
4 days until we are live! We have been planning like crazy to get all our content ready! This podcast was inspired by a few things, one is obviously the need to discuss money as females, the second was @jennakutcher's podcast lab, and the third was the @approachablepodcast + @thebirdspapaya and how easy it is for these ladies to talk about tough subjects. Maybe we will be lucky enough to have them on our show one day!
If you haven't, please hit subscribe (link in profile) and get ready for Tuesday!
1 1313 September, 2019
Lately I’ve been trying to slow down my decisions that involve money and really *think* about the message I’m sending—who it would benefit (and who it might hurt). ⠀
Beyond giving me a greater awareness of the impact of my $ on myself, others, and the earth, more than anything it has helped me make more intentional purchases. As a result, I’ve ended up with less stuff coming into my home (less to clean and manage!), more money in my pocket (for travel, experiences, and adventures with friends!), and some creative solutions using things I already own that could be substituted for whatever I just talked myself out of buying! ⠀
It hasn’t been quick and easy, and I certainly haven’t gotten it right every time (hi, I’m human! 🙋🏼♀️), but I’m really trying not to let perfection get in the way of progress—just trying to focus on slowing down my decisions and doing what I can, when I can. ⠀
Anyone out there tried to be a more thoughtful consumer or saver? I’d love to hear what you’ve tried and learned along the way! Share your favorite tips and tricks in the comments below. ✨
1 3713 September, 2019
Nobody likes bills, especially bills that aren’t expected 😰. A British Columbia woman was recently fined $368 😱 for eating ramen while driving.
Imagine 🤔 how an unexpected Bill like this impact you... Are you financially 💵 prepared to handle this?
Here are some of the most common unexpected bills:
❌ Car Trouble
❌ Broken Cellphone
❌ Medical Bills
❌ Traffic Tickets
❌ Unexpected Housing Expenses
Some ways to beat 😁 these inevitable unexpected expenses is to: 1️⃣ Have an emergency fund of AT MINIMUM $1000. 2️⃣ Have an “Emergency Only” credit card, only for dyer circumstances. 3️⃣ Invest in good insurance to bare some of the financial burden of the unexpected.
This comes up with my clients often, and I always tell them to trust but verify.
We want to be trusting of others, but we must verify the information to protect ourselves.
Get it in writing that can take the shape of a text message, email or old school paper, and pen.
Get someone else to validate the information for you. Get 2 to 3 individual or companies to verify that information for you, with a quick phone call or Google search.
What we really want to do is what we are really meant to do. When we do what we are meant to do, money comes to us, doors open for us, we feel useful, and the work we do feels like play to us. - Julia Cameron
2 812 September, 2019
are you buying the new iPhone?
people keep asking me: "Mr. Mentor why am I still broke?" I tell them you're making good money I have taught you that but now you should start learning 2 much more important things which are
1) KEEPING your money
2) Multiplying your money
1- you keep your money by not spending all of it on stupid shit that you think is going to make you look cool in front of your friends
2- you multiply it by using the money you saved to invest in things like Bitcoin, real estate or your business