I’m a Financial Coach and mother of three. 👪 I’m often asked how I’m teaching kids about money — specifically my own kids! But first — why I’m so passionate about finance and investing: My husband and I also became millionaires in our 30s through basic investing (index funds + tax-advantaged accounts like 401k, Roth …
Teaching Kids About Money: A Financial Coach’s 6 Best Ways Read More »
Cash planning helps you evaluate not only your monthly expenses (often evaluated in budgeting), but also helps encourage you to start saving for irregular expenses and long-term goals. This will allow you to more confidently INVEST MORE. Is CASH PLANNING the same as BUDGETING? Some budgeting software includes cash planning (like YNAB). Some budgeting software …
Wondering how to make money as a teenager? You are not alone! These days, teenagers are taking charge of their lives. A survey given to teens found that 67% had some form of a job and only a third received any kind of weekly allowance (Statistic Research Department 2011). Making money as a teen gives …
How to Make Money as a Teenager (50 BEST Ideas!) + 3 EASY Steps 🤑 Read More »
Let’s talk about how to save money FAST – with over 100 ways to save money. But I can tell you the #1 most important step to saving money: Having a plan. This way, you’re not just SAVING money, you’re MOVING money toward your financial goals. I created the Million Dollar Plan — a savings …
How to Save Money FAST – 100 Ways to SAVE MONEY 💸 Read More »
Do you know how to calculate your Financial Freedom Number (or Financial Independence “FI Number”). Do you know your savings rate — the key to Financial Freedom? 💸 What is Financial Freedom (Financial Independence)? Do you have to Retire Early? First of all, what is Financial Freedom aka Financial Independence (the “FI” of the “FIRE Movement”: …
How to calculate your Financial Freedom Number and Savings Rate 🔥 Read More »
“How much social security will I get?” Many people ask this while planning their retirement. And hopefully, you ask yourself this before it’s too late to start saving for retirement. The SSA (Social Security Administration) states: “Social Security benefits are not intended to be your only income source when you retire. You will need other savings, …
How much Social Security Will I Get? Easy way to find out! Read More »
How much should I save for retirement? (Calculate your “Monthly Retirement Savings Needed.”) So far in the Money Fit Challenge, you have already calculated your net worth. Before we zoom into details like a monthly budget, I want to take one more chance to look at the BIG picture — your “WHY.” WHY do you …
How much should I save for retirement? Get on track today! Read More »
Learn how to calculate your net worth. Tracking your net worth can improve your finances because it will motivate you to spend less than you earn, invest the rest, and avoid/payoff debt. These three strategies are the “Simple Path to Wealth” laid out by JL Collins. That’s the formula my husband and I used to …
My husband and I met as broke college students, took a personal finance class together, and used that professor’s advice to reach millionaire status in ten years – and it’s the same advice JL Collins gives in The Simple Path to Wealth. Want to work on your millionaire status? I broke down our strategy and …
3 SIMPLE Things that Made Us MILLIONAIRES in our 30s – Tips from JL Collins Read More »
You’ve already done the hardest part of calculating if your retirement savings are on track: You’ve decided to actually do it and are STARTING the process. Honestly–getting your retirement savings on track isn’t rocket science, it’s just complicated enough that people get intimidated out of starting the process. I’ve laid out a few options for …
How to Get Your Retirement Planning on Track in 3 Easy Steps Read More »
