Financial Freedom

Take control of your life and money

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1. Live below your means
• Always ask if it is a want or a need
2. Create a budget
• Track your money to check where it is going. Use apps such Everydollar and NerdWallet for help
• Realize how much money is going into non-necessities(ex: Starbucks, eating out often, keeping up with new fashion trends)
3. Create a plan to get out of debt (if applicable)
• Get a second job
• Listen to Dave Ramsey for his ideas and read his book, The Total Money Makeover!
4. Create a rainy day fund
• Life can bring unexpected turns. Be prepared!(ex: pandemic)
• Save enough emergency funds for at least 3 months or longer. The more, the better!
5. Start investing

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• It can be scary but there are many informational financial books about investing
• Make sure you do your own research or get advice from someone with knowledge about investing
• Check out investing videos on Youtube

6. Get rid of your credit cards
• Use cash instead. It will decrease your impulse buys!
7. Save up for retirement
• There are many options such as Roth IRA, 401K, SEP, and more. Take time to learn about them

Self-discipline with money

• Set financial goals for yourself
• Practice ignoring outside pressure
• If too difficult, first let someone else hold you accountable

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