No more paycheck to paycheck

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The Key to not living paycheck to paycheck.
Many of you are sometimes strapped during the month when rent or the mortgage time comes around. And once the car payment and bills are taken care of you wipe the sweat from your forehead and exhale because you made all you bill payments on time. But, what happens after that?

Well… most of you breathe that last breath because you are thinking: Yes!!! I still have extra money left over!!! Time to go shopping!!!

Stop right there and back up!!!

Before you take that trip to the mall or treat your self to that fancy dinner you have one more person to pay.

That person is you…

The key to making sure that you have the life style later that you are working for now is to make sure that you pay yourself. Sure you have a 401K… ok great but that is not enough.

Just a 401K is not enough if your long term dream is sitting on a beach some where sipping Mai Tais and not working anymore. I’m sure most of you ladies and gentlemen have that same dream in mind but it doesn’t come from just dreaming.

Here are a few tips to get you to the beach life later.

1. After you pay your bills every month pay yourself. Specifically, pay yourself into a high yield interest bearing account outside of your 401K so that your money can grow and work for you.

2. Live below your means. If you get a raise at work don’t go out and get a new house and car and luxuries right away. Invest a major portion of that additional income into your investment account outside of your 401K. Because if you spend to your new income limit and acquire new stuff because you got a raise well… you might as well have not gotten a raise at all right?

3. Be spend conscience. Create a budget for every month and stick to it. Treat your self every couple of month as a reward to yourself for sticking to your guns and making your money work for you.

4. Last but not least, MAKE MORE MONEY!!! The name of the game isn’t a 40 year career anymore. Find creative ways make more income for yourself. Whether its utilizing a skill or trade you have or even a hobby or exploring other business opportunities. More money is the answer because the more you have the closer you get to that Mai Tai on your favorite beach

September is also Life Insurance month. So for affordable ways to find out how you can get coverage for your family right away as well as those other account options besides your 401K leave a comment and we will be happy to help you.

Happy Friday!!
See you next week

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