Peace of Mind Finances

How do you eat an elephant? One bite at a time. Just like a baby learns to walk one step at a time. These are called baby steps for a reason. The journey to financial freedom can be overwhelming. I know you will get there if you take one baby step at a time. These baby steps may look familiar to you if you follow Dave Ramsey. I have made some adjustments to follow a more natural flow. Lets deconstruct. Step 1: Find your " WHY " Ask yourself why you are on this journey. Dig deep. Ask yourself at least three times until you've discovered the true answer. Your answer will fuel you to the finish line. Step 2: Track and Categorize Your Spending You have to know where you are before you can make adjustments. Are there certain areas you are spending carelessly? Were there unexpected expenses? Could they have been avoided? What would you do differently? Step 3:  Create a Budget Using the 50/30/20 rule The 50/30/20 rule is 50% on needs; 30% on wants; 20% on savings.  What are need...

Simon Sinek is famous for his books Start with Why and Find your Why .  His concept is applicable to any goal you want to achieve. What's your "WHY" in pursuing  financial literacy? I'll start. I am passionate about finances because in my younger years I mishandled money. I had more bills than I had income. Very few people knew I stood in food bank lines. But what brought me to my breaking point is the day I couldn't feed my children. I went to my closet and released every tear I had been holding back. In between heaving I prayed. God came through as He always does through his church BUT I knew I never wanted to put myself or my family in that position again.  Not saying I didn't do stupid stuff with money... it was like learning to walk. I fall and I get back up. Rinse and repeat. I learned and am still learning to break bad habits. Knowing WHY you are starting this journey is the key to walking the finish line.  Ask yourself  "WHY"  then you can ...