Welcome to #Realtorlife with Krystal Lee Moore Lucier
I'm so happy you're here!
This is NOT financial advice, just a summary of some great tips that I have learned from those who do give financial advice.
Let's Talk About Money!
Check out The Rachel Cruze Show,
Dave Ramsay - Financial Peace University and the 7 baby steps: Dave Ramsay.
Also, check out Buffini and the 3 levels of success 1. Stability,
2. Success, 3. Significance
Giving: You should be giving from what you HAVE - not from what you do not have.
Key sentences from Buffini:
1. I did it before, I can do it again.
2. If they can do it, I can do it.
A lot of people have never had to save. Most of my colleagues have the unique ability to earn our way out of debt. But this method is not sustainable. Especially when high income usually means high taxes - and the cycle of paying last year's taxes with this year's income is insane.
*** Dave Ramsay Baby Steps ***
Step 1: Save $1,000 for your starter emergency fund.
Step 2: Pay off all debt (except the house) using the debt snowball
Step 3: Save 3–6 months of expenses in a fully funded emergency fund.
Step 4: Invest 15% of your household income in retirement
Step 5: Save for your children’s college fund.
Step 6: Pay off your home early.
Step 7: Build wealth and give.
2. Get in the habit of saving FOR something. Start small and go from there.
$100
$250
$500
$1000
$2500
$5000
$7500
You can't go from all in to all out with spending. Start with cutting the smaller expenses that add up quickly: Frivolous shopping online, at the drugstore etc but don't cut out things you need.
And remember: this is a small sacrifice until you are DEBT FREE!!!