Smart finance with ify

QUICK REMINDER💙

You don't need to have it all figured out.

Whether it's your career, your finances, raising a family, or trying something new; very few people have all the answers before they begin. Most people learn as they go.

🔹️Every experience teaches you something.
🔹️Every challenge helps you grow.
🔹️Every step moves you forward.

Just take that step.

💙 Here's to another week of steady progress.

Can you invest if you don't have steady income?🤔

I got this question from a business owner.

It's a common question because most investing advice assumes you receive regular paycheque every month. So, if you're self-employed, earn commissions, or your income changes from month to month, it's easy to think investing has to wait.

But that's not true.

You can still build your investing strategy around your cash flow.

Start by building an emergency fund 💰first, so it takes care of the months with lower income.

Invest a percentage of what you earn if you cannot commit to a fixed amount, and

Contribute more during high income months to make up for the other months.

Your investments plan should fit your goals, income and cash 💸 flows.

If you would like help creating an investment strategy thay fits your situation, send a message. I'd be happy to chat.

When people ask me,

"Where should I invest my money?"

They're often surprised that I don't name a fund, stock, or account.

Instead, I ask a different question: What are you investing for?

A home?
Retirement?
Your children's education?
Building long-term wealth?

Because there isn't one investment that's best for everyone. The right investment is the one that helps you reach your goals.

That's why I start with understanding your goals. Once we know where you're trying to go, choosing where to invest becomes much clearer.

If you're looking for an investment strategy that's built around your goals, send me a DM. Let's build a plan that works for you.

A quick reminder.

Unless you hit the jackpot, receive an inheritance or some windfall💰, building wealth takes time. It requires being consistent with good financial habits over time.

So don't let anyone or anything make you feel like you are behind.
Keep Saving🪙
Keep Investing 🪴
Keep learning 📖

💙Here’s to another week of steady progress!

Sometimes we think that earning more will make our money problems go away. So, we delay planning and investing because we are waiting for the income to be enough.

But income is rarely enough. Because as we earn more, our needs and wants catch up with the money, and sometimes overtake it.
And for some of us, there is family too.

If you are finding yourself financially stressed, it is likely because the income has no plan.

Here are 4️⃣things to start with:

1️⃣Build the habit of saving at every income level, even when the amount feels small.

2️⃣Make that money work for you by investing it.

3️⃣When a raise, bonus, or business gain is coming, have a plan before it arrives.

4️⃣Decide in advance what your financial obligations to family and community look like, so they do not grow every time your income does.

I have sat down with clients who thought they did not earn enough, and we found surpluses from the same income they already had. Today they are investing that surplus.

If you are earning more but never seem to be getting ahead, click the link in my bio. Let's fix this.