Advertisements
-

budgeting

BIG HATS, NO CATTLE

Posted on Updated on

Greetings fellow bloggers and readers! I was looking over my blog for some insight to share with you and found this post dated July. Here’s to another thoughtful day (back in the day I wrote this post and didn’t publish it). Enjoy!

Today’s blog is about leveraging your knowledge to increase income/wealth.

Ah, the good life- starting a beautiful day on the beach! Yeah that’s me but not really, just my imagination, one day in the near future. Proper planning, scheduling time off from work…etcetera.

pexels-photo-871060.jpeg
Photo by Riccardo Bresciani on Pexels.com

Then BOOM, an unexpected financial event hits you and you have to use up your emergency fund!  Things happen and it can throw us off balance. A setback. Life gets in the way. Plan “A” failed, so now on to plan “B” and the rest of the alphabet.

I never understood the phrase “big hats, no cattle” until I moved to Texas and read ‘The Millionaire Mind’. Or terms like U.A.W. (Under-achievers of Wealth). So much for my attention to popular statements and my perception of the wealthy. I used to believe that one had to look like money in order to make money. Had to look successful in order to BE successful. Ha! Not!

Most consumers, you know the people like you and me, are poor at defense. Mostly due to our perception of what wealth is or how the successful look. Toss those thoughts out the window, take a look at the video below:

Oh, now I remember what happened that caused me to forget to post this article, I had to take an emergency trip to New Orleans to pick up a family member in distress. By the way, I used money from my Acorns account to fund my five day stay in a 5 star hotel and travel to and from. Not bad.

So, here’s to more of my favorite things- “places to live on the cheap”…like, share and support. Thanks for reading…

Until next time,

Peace, love and prosperity,

ET

Your financial literacy advocate

Advertisements

Implementing Change

Video Posted on Updated on

It’s the end of the month and the beginning of a new one, which means it’s time to update our monthly budget/business plan.

There’s always utilities that remain the same, so this should be pretty easy. Remember to add a new credit card payment or personal loan to the expenses and use the money saved or left over to pay those debts off as quickly as possible. Paying off interest accruing debts will help to save money. As the CEO of your household, increasing wealth and paying off debt should be the focus as you build your legacy, while passing on these good practices to your progeny for years to come. Master your finances, not the other way around.

It’s also a good idea to check your credit score and submit any disputes or correct inaccuracies as well. If you haven’t already, make sure to check out my book “Journey Into Finance” which is available for purchase on xlibris.com, amazon.com and the Kindle reading app (if you don’t have a Kindle, we offer the link on this site), and also on barnesandnoble.com and Nook. BTW-Nook is offering a 10% discount. When you purchase the paperback/softcover for $15.99, remember 50% of the proceeds go to fund ENTowner Build A Legacy Inc., programs and services.

To those who’ve already purchased “Journey Into Finance”, left reviews (telling of the things that help and encourage them on their path to understanding their relationship with money), I send you much love and appreciation. 🙂 Thank you for your support! It’s not always easy being an entrepreneur, if it were, EVERYONE would do it. As a writer, sharing intimate life stories in my book and online for everyone to read is quite intimidating; but if we kept everything to ourselves, this world would be a very dull place. So to all the writers, authors, and storytellers around the world-thank you for having the courage to share.

If you haven’t noticed, we’re monetizing this blog (through affiliate links) to help with fulfilling our purpose of sharing knowledge and creating more abundance (in mind, health, and wealth) for generations to come. Thank you for clicking on the links and making purchases from My Favorite Things.

That’s all for now folks.

Wishing you peace, love and prosperity,

ET

Read the rest of this entry »

Opportunity to Serve

Video Posted on Updated on

FREE MONEY FOR SCHOOL
Opportunity to Serve

Financial Illiteracy Epidemic & Opportunity to Serve

Financial problems have reached epidemic proportions in our country, a crisis that causes major problems at both the community and national levels. Financial issues contribute to a variety of troubles many people face today: from crushing debt to retirement shortfalls. And the stress associated with financial issues can have devastating emotional impact. This epidemic hurts not only individuals, but the community as a whole.

Current statistics clearly indicate that many Americans are suffering greatly from a lack of practical financial knowledge. Reading these statistics and research is like looking into a crystal ball. Learning that as many as 75% of college students lack money handling skills tells us that those students are likely to run into credit problems in the future. Reading that the majority of U.S. adult workers have no savings or retirement plan tells us that those people will be unable to retire.

The U.S. economy is consumption-based. As people become unable to afford purchases- that reduces the country’s GDP. The whole world will feel the effects. But according to the NFEC, the country’s leading financial education providers, simply raising people’s personal finance knowledge empowers them toward secure futures.

Getting the message out is our main objective!