Aww, you’ve reached Friday, the end of the work week, payday. Yay right? If you are amongst the majority of people who look forward to the end of the work week then I can accurately guess that you are in the wrong job (a topic for another time) and worst yet, you probably don’t have a large enough savings account or at the bare minimum, you don’t even have a six month emergency fund. For this reason, in hopes of helping you reach your financial goals without any harsh or drastic money issues, I am implementing #FundMeFriday. I can’t even begin to tell you how crucial it is to have an emergency fund and better yet, an actual savings account. I’m probably not the only one who has told you how important it is to save money and I know this will not be the last time you hear about this. The difference now is that I am hoping that this first little step that I’m going to share with you will be that final push you need to help get you started. So here it is. The simple yet straightforward easiest way to start is with the 10% rule. Did you make $500 this week? Start getting results and put $50 in a savings account. It’s that simple. An even better savings is to send the $50 to your IRA. Do you have an IRA? If not, go to your bank the next free chance you get and open one up. It will be an amazing accomplishment you can do for yourself. Regardless of whether you choose a simple savings account or you choose to fund an IRA, just do yourself a favor and send 10% of whatever you make to that account and you will be in shock at how quickly your money will begin to grow but, you have to start. Fund Me Friday is about learning to pay yourself first so that you can take those first steps toward financial freedom. Even if someone gave you $50 for your birthday, always stay in financial freedom mode by depositing that $10 into your savings. Having this little cushion can be the difference of surviving a life’s mess or losing everything. We have to learn to pay ourselves first before we spend any money on anything. Once you start saving 10% of any money that comes through your hands, savings will become second nature for you. Please do yourself a favor and start implementing Fund Me Friday as a regular part of your life.
#FundMeFriday
#LorisLoop
#TheMainHustle
#Entrepreneur
#Goals
