Financial Freedom –Looking Long-Term For Short-Term Flexibility

  Key Takeaways To have financial freedom, you must look long-term to achieve short-term financial flexibility and financial freedom. The two key areas to look at for short-term flexibility are expenses and savings. The two largest areas of expenses are in housing and transportation. Save 10% of your income and contribute at least the minimum […]

Leveraging Expenses

Key Takeaways There are actually ways you can use your expenses as leverage to help you pay off your debt and save more money. Developing a budget, paying your bills on time, and prioritizing expenses helps to gain clarity of your financial picture, keeps your expenses low and credit ratings high, and helps you build […]

The 3 Ways to Save More

Key Takeaways Save first, spend second. You can’t start a good saving plan (or habit) until you’ve established a budget. Increase your income, reduce your expenses and control your emotions—wait 48 hours before pulling the trigger on a major purchase and don’t fall into the FOMO trap.

Your “3 Part” Rainy Day Fund

Key Takeaways Make sure you always have three to six months’ worth of expenses saved in a rainy day fund that you can easily tap. There are three aspects of a rainy day fund: objective, subjective and emotional. A rainy day fund will enable you to weather the financial and emotional impact of a sudden […]

Structured Beauty

Key Takeaways If nothing else, young adults should understand their balance sheet, cash flow and taxes for a happy financial life. Remember to always save first, spend second. As you get older, your assets grow and so do your expenses. Never take your eye off the big picture (see the first two takeaways).