WHERE DEM FUNDS AT??? 💸 @TheLyteasarock

WHERE DEM FUNDS AT??? 💸
While y’all flapping those fans, we need to find these funds and we need to do it like a line dance TOGETHER!
So here are the Stair Steps to W.E.A.L.T.H.:

1. Spend Less Money! Get your budget under control. Live by the 10/10/30/50, saving is a must! In ten months you should have one month’s income as an emergency fund.

10/10/30/50 Rule:
If you have $1,000, then
10% – Tithes/Giving = $100
10% – Saving/Investing = $100
30% – Cash For Incidentals = $300 (groceries, gas, hair, entertainment etc)
50% – Bank Account for Bills = $500

2. Get More Money! One stream of income is hazardous to your W.E.A.L.T.H. Start a homebased business so you can increase cashflow and minimize your taxes with access to hundreds of tax deductions.

3. Get Your Money Back! Your business meals alone represent thousands of dollars on the table. Get a tax education so you know how to keep proper records. Many are afraid because they fear an audit, but responsible tax planning is essential to profit planning and business expansion: don’t get scared, get prepared!

4. Make Your Money Grow! Take extra money from bills and incidentals and apply to your employer provided retirement fund. After you have ONE year’s salary in your retirement fund, THEN you can start saving for kids’ education. If your job does not offer a pension, START YOUR OWN PENSION with an annuity. Invest in mutual funds and other financial tools that earn over 8% annually over time so your money can grow.

5. Protect Your Money! Build your estate with proper insurance (life, long term care, disability, business)

6. Own Where You Live! If the cost of living is too high in your state, then purchase someplace else. Consider other real estate investment strategies. www.BuyAHomeWithLynn.com

7. Maximize Your Credit Health! Manage your credit, minimize your debt, and increase your credit score so you can get the best rates IF you find it necessary to acquire debt (to purchase a home, for example).

8. Adopt A Giving Mindset! Purge unnecessary material things.

You can do the steps one at a time or a few at a time. | Get help: AskLynn.org, link in bio