Improve your finances in 5 minutes per day
This 30 day Challenge is a set of exercises, tips and strategies that you can implement or do in 5 minutes a day. [check my instagram feed for the daily posts, once the 30 days is complete I will compile everything together in one spot on my website!]
If you take these steps you can’t help but start to improve your personal finances. It is the inevitable outcome of taking action.
The most probable way to improve your #moneystory – do something every single day.
I have found over the years, when I have small wins I get wind in my sails. I believe that a goal is attainable when I see progress.
Whether it is paying off debt or saving + investing, when you start to see momentum you are more inclined to stay at it.
It can be something small or something big but if you take a step every single day you will begin to see the needle move in the right direction.
There are so many not-very-time consuming, yet powerful things you can do that will help you take control of your finances and start building real wealth.
(My definition of wealth btw is having enough. Not being a gazillionaire but being able to live the life I want on my terms).
So join me on this 30 day mission. It’s a great way to kickstart this journey and improve your finances. And remember, it is never too late to start.
For 30 days, I will be posting something that you can do in 5 minutes per day. Over the course of the month, if you implement these suggestions and recommendations, I promise you there will be more money in your life to save and invest – and start building (more) wealth. It’s that easy.
I heard on Dave Ramsey’s show the other day – someone find every excuse in the book why they needed a $1200 car payment for a car they couldn’t afford.
Imagine if they changed their spending pattern and even traded the current car in for a car that had a $500 monthly payment? Imagine the wealth they could build with the other $700 invested over the 5 year life of the loan?
Look at the graph below. The $42,000 the person would have (over) paid for the car in the higher monthly payments, invested at 7% would be worth over $50,000.
Instead, they have a depreciating asset (an expensive car) that will be worth a fraction of what they paid for it. See how diverting part of your spending can change your trajectory?
Read more on Understanding your Spending Patterns