Our Finances
The key to Healthy Finances is all about Diversity & Paying yourself first!
Here are some suggested common but not so common tips to live by: Use the Bucket Financial Strategy - Fill the first bucket before you advance to the next one.
1st Bucket
Day to Day Living
Food, Shelter,
Car, Clothing,
Insurance, Savings, etc.
2nd Bucket
Life Planning
1st Home, More Savings,
Charity, Travel,
Investments & Business.
3rd Bucket
Leisure Items
Travel, 2nd Home,
Boat, 2nd Car, etc.
Here are some suggested common but not so common tips to live by: Use the Bucket Financial Strategy - Fill the first bucket before you advance to the next one.
1st Bucket
Day to Day Living
Food, Shelter,
Car, Clothing,
Insurance, Savings, etc.
2nd Bucket
Life Planning
1st Home, More Savings,
Charity, Travel,
Investments & Business.
3rd Bucket
Leisure Items
Travel, 2nd Home,
Boat, 2nd Car, etc.
- Saving & Investing - If you are driven by faith tithe 10% of your income. Save 10% of your Income. Invest 10% of your income. That leaves 70% to live on. When it comes to investing DIVERSITY is the key. NEVER put all your eggs in one basket. Click Here for a short YouTube clip that talks about how for example; Indexed Annuity Works. Contact your Financial Coach for more details.
- Live Debt Free - Debt is NOT your friend and can eat away at your savings and investments. Some debt is normal but you should be able to pay cash for just about everything you purchase including your home.
- Maximize Your Tax Advantages - The thing that separates the winners and losers in the financial world today are the savvy investors who take FULL advantage of the taxes laws. Here's a hint; If you get a federal income tax return you are NOT a savvy investor.
- Enhance your FICO \ Credit score - Your credit score is VERY important and you can enhance it big time.
- Profits are better than Wages - Start a home based business. Make or repair something and sell it. Focus on profits not wages.
- Spend Less and Make More - Create a budget and stick to it.
- Learn The 4 Money Laws-
- The Law of Receiving,
- The Law of Spending,
- The Law of Saving,
- The Law of Investing. (more info Breakthrough Academy- Australia)