APRIL IS FINANCIAL LITERACY MONTH.
Do you know what the lack of financial literacy is costing you?
It is costing each individual in the U.S. a minimum of $10,000 a year.
The lack of financial knowledge is the main culprit. Only five states in the U.S. require financial education in high schools and California is not one of those states.
It is time for you to become financially literate. It is time for you to learn about and take control of your money.
In this class, you will discover financial strategies and concepts that typically only the wealthy know.
This mind-blowing class will not only allow you to learn these strategies but also to apply them immediately.
The key to building great wealth is having great knowledge. Then take immediate action as well as having the wisdom to know which course of action is the best for you.
It's time for you to make your own financial decisions. You can be in the driver seat of your finances.
Are you ready to increase your confidence about money...
This is your life's dream, to become an entrepreneur. You want to leave your 9-5 and achieve your dreams. You know that the journey, the endless hours and sacrifices will be worth your time because, in the end, you will achieve financial freedom.
But with entrepreneurship comes some risks. Most businesses don't reach the 5-year mark. Why? Because of mistakes that have caused them to fail.
Today I am going to show you the 16 biggest mistakes new entrepreneurs and business owners make and how to avoid them.
Not Doing Research
Before going into business, you have to do your research. Is your product needed in your current market? Do I know who is your ideal audience or client? Who is your competition? Trust me, you do have one.
Make sure to do your research prior to spending a cent on anything else. What is the point to start a business where no one needs your product? Create momentum for your product with your potential clients even prior to spending anything.
Not Having a...
I am sure that you have heard of Long-Term Care. However, a lot of people don't understand what that entails. Also, they think that Long-Term Care is just for aging parents. But that is not the case. I am going to review with you what is Long-Term Care, who is it for and how you can set it up.
What is Long-Term Care?
Long-Term Care is paid care when you need it the most. When you are unable to perform one of the 6 basic daily activities that are necessary to live and have a quality of life, you will need LTC.
What Are The Six Daily Activities?
Things like eating, bathing, dressing, toileting, walking, and continence. The main goal of LTC is so you can keep your lifestyle as much as possible.
Who is LTC for?
A lot of people assume that Long-Term Care is just for advanced aged individuals. That is not 100% accurate. There will be need of LTC as a result of an accident, a stroke, a chronic condition,...
A lot of times we say that we don't have any money. In my experience with my clients, the problem is not that they don't have the money, but more of where they are spending their money.
What are your priorities? Where do you rather spend your money?
If you have a job and you don't have money to invest for your future, most likely is due to poor money management. Do you even know where is your money going? Are you tracking your money? Where are your priorities?
I see a lot of people that as soon as they receive their money, instead of paying themselves first, they pay off their debt. Others, just have no control over the money. As soon as they get it, they spend it in fun or just going to bars and clubs or eating out all the time.
Unfortunately, a lot of people are just living day by day, pay check to pay check and that is very concerning. A lot of people are not living at their full potential and...
It is being said that Baby-Boomers rather being dead than broke. This is their #1 fear.
According to a survey made by Allianz; nearly two-thirds of baby boomers or 63% fear running out of money in retirement more than death.
Because of this, they are seeing saving for retirement as a necessity, like food and shelter.
These days people are living longer. We have been able to find a way to extend our lifespan, however, we have not been able to find a way to expand our profits.
After so many Baby-Boomers lost part or their whole retirement during the market downturn. They are spreading the word that saving for retirement is a big deal. Again, they feared to be broke more than death.
As they approach retirement, some realize that they just cannot retire. Even employers are realizing that the 65-year-old mark for retirement is no longer realistic. Most employers know that people might...
I know you are in debt, you are feeling stressed, overwhelmed due to carrying all these debts. You can barely get by living paycheck to paycheck.
You are doing your best to pay your credit card debt, student loans, mortgage and car loan. You are paying the minimum on your credit cards and they don't seem to go down.
Today, I am giving you a different outlook when it comes to debt. I want you to be able to take care of your debt without all the negative feelings and the power that we are giving to debt.
I am going to share three steps to start the healing and so you can attract more money into your life.
Step One: Forgive yourself
There are a lot of negative feelings that we carry when we are in debt. Some of those beside stress and overwhelmed is how we feel about ourselves. Thre is a lot of blame, guilt, and shame associated with our debt.
So the first step to heal and attract more money into our life is to...
If you are wondering why do you need to create a budget, I am going to tell you right now.
No matter if you like it or hate it, having a budget can help you improve your finances immediately.
The ultimate goal of a budget is to get you to the point that you will be able to spend intentionally on the things that are most important to you. This is the first step to financial freedom, even though it sounds like it is not.
Budgets should be temporary because they will tighten your spendings for a bit, so you can get your life back on track if you have derailed from it or have lost touch with your financial reality.
One of the biggest worries here in the US is money.
USA Today reveals something alarming when it comes to debt in the US and quote:
"The average American household carries $137,063 in debt, according to the Federal Reserve's latest numbers."
"Yet the U.S. Census Bureau reports that the median household income was just $59,039 last year, suggesting that many Americans are living beyond their means."
Also, the average student loan is about $50,626.00, putting Millenials in debt right out of college.
What all of these means to us?
This means that the cost of living is higher than our income.
What can we do to change this?
Basically, we need to get educated about money.
It is time to put our money where financial institutions put their money and not put it in the financial institutions.
We also need to change our perception when it comes to money and when it comes to debt.
We need to eliminate our limiting beliefs when it comes to money.
We need to get educated on the...
Most home loans payments will pay the principal-and-interest in the home. This means that your regular payments will reduce the principal (amount borrowed) as well as paying off the interest. With an interest-only loan, you only pay interest on the amount you have borrowed for an agreed period of time (usually up to 5, 7 or 10 years).
What does an Interest-Only Loan will offer you?
Lower Monthly Payment: Because you are paying the only the interest on the loan, your monthly payment is lower.
Payment Flexibility: When you have an interest-only loan, it gives you the flexibility to either make your interest-only payment or put an additional amount that goes to the principal.
Free Up Money: Because your payment is significantly lower than a fully amortized payment, this frees up money for other things. The smartest way to use the money that you have freed from paying towards your house is to put it towards...
Did the holidays leave you with a debt hungover?
Are you regretting spending all that money on buying all those gifts? Are you in fear because you don't know how to manage your debt?
According to a survey made by Mr. Cooper (mortgage company), " one-third of Americans wished they could have skipped the holidays rather than spending it on gifts." Also added, "Thirty-two percent of Americans who purchased holiday gifts paid with credit cards."
I'm going to give you seven steps to manage your holiday hungover and do damage control right away.
Step One: Stop The Regrets
The first step to getting rid of your debt hangover is to stop with the guilt, the blame, and the regrets. It is time to shift your focus from debt to solutions.
Step Two: Track Your Spending
Yes, it is time to tight up for a bit and track all of your spendings. This will require creating a budget or spending plan. Don't know how to do this? If you want more information about how to get back on...
Just fill out your information below and I will take care of the rest...