MOVE FORWARD (D/W/M)
D: DAY W:Week M:Month
Its always important to see the bigger picture. Have you ever seen a Mosaic? Its a Picture that is made up of tiny little pieces. That should be the inspiration for what ever you do in life. People some times become so overwhelmed by the Task. They think its too big too hard to do. Dont always look at it like that.
See the Bigger picture but also see the tiny things that create that picture.
Doing small things to push your self forward is sometimes the best way to achieve your goals. Theres an old saying. The journey of a Million miles starts with 1 step. Yes when you think Im going to travel a million miles it may seem like a daunting task. How ever 1 step seems easy, right? So what ever you want to accomplish. Yes keep in mind the end goal. How ever do the small steps to start. Just tiny things to move your self forward.
FINANCIAL HEALTH
People some times under estimate the importance of financial health. An extreme amount of stress can come from not having some kind of financial stability. Worrying about how youre going to pay the next bill. Or if you can afford that ( fill in the blank) that is so important to you.
So here at LoveWorksOut we wanted to give some tips on how even with a small income you can find some peace of mind. Perhaps help get you in a state of financial stability
No matter what your Income is. As long as you have income coming in. If youre are struggling now. There must be a way to get over that hurdle to at least be stable.
BUDGET: Perhaps the budget you have now isnt exactly planned out. Its more reactive & go with the flow. You just get more & spend it on what ever comes to mind at the time & you dont plan your weekly or monthly income properly.
You can change this simply by calculating your monthly income, adding all your bills for each month & then setting a small percentage of your income for leisure or non essential things. If the necessary bills & cost takes 98% of your money. Then you have to swallow that pill & save that 2% for leisure spending. Or perhaps go with out some of the non essential things for a few weeks or months. Save that money & start a HANDS OFF savings account. Money set aside that you do not touch. NO MATTER WHAT!!! The next step after you save enough money is to Diversify it.
DIVERSIFY YOUR MONEY: This just simple means creating multiple streams of income for your self. Some people have been so afraid of Math their whole life that anything involving math frightens them. The Stock Market, Savings Bonds, Cd's etc... The truth is these other sources of potential income are necessary to take you to a new level of financial security. The 1st step is simple. Open a Savings account that you plan to set aside a portion of your weekly income to. If it takes 6 month to a year to build that savings account to Ex: $2000, then do it. If you can save more than that. Do it. Only you know your income. After you have Ex:$2000 take half & put that into a Cd, Then take another 6 months to rebuild your Savings account. ( LETS NOT FORGET TAX RETURN SEASON) take that money & DO NOT BE AFRAID. Open a Mutual stocks account. Or a brokers account & start buying stocks. Since you're a novice. I would suggest buying stocks in a company that you know about. Think Long term. Think 1-5 years until you consider selling. Remember its not scary if you do a little home work & do not be afraid to ask some one who knows. If you feel comfortable. You can think Short term as well in the stock market. If you have enough money & you feel confident. You can buy more shares of a particular stock & when that stock gets a short bounce. You can sell it & make your profit. Ill speak a little more about Stocks & how to make profit in the short run later.
Control your DOLLARS At the end of the day no one can really control your money but you. Yes there are bare necessities you have to spend money on if you live in a modern society such as Shelter, food, clothing etc... However how much you decide to spend on each neccessity is entirely up to you.
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