closethewealthgap_

I am so excited about this! This is how we set our young ones up for financial success. Florida is 1 out of 11 states that require students to take a standalone personal finance course to graduate. Now whether these young students decide to go college, trade school or an entrepreneur, they will be equipped with foundational knowledge that can help break generational cycles and build generational wealth. This is definitely a step in the right direction.

Drop a 💯 if you’re here for this change!!

I’m sure most of you have filed your taxes already but for my last minute filers - here’s your reminder.

I’m usually down to the last hour lol. My husband takes forever to get me his documents. Who can relate?

If you carry credit card balances month to month, paying off that debt fast might be easier than you think. Here are three ways to help repay your credit card balances faster:

1. If you can, try paying down the balances one card at a time. Just start with paying the minimum on all your cards but make additional payments on the highest interest or smallest balance. By paying more than your minimum payment - you’re paying off more principal balance and getting some savings on your overall interest.

2. Earning additional income is another way to reach your debt repayment goals without having to spend less.

3. Take advantage of the transfer balance promotions. Part of the promotion is that you get 0% or low APR for a specified period of time. Moving high-interest debt to a credit card with 0% APR can be a big money-saver - you’re essentially paying it down interest free. Just be aware that some cards may require a 3-5 % transfer fee and the APR does go up after the introductory period (I.e plan accordingly).

The faster you can eliminate bad debt like credit cards, the sooner you can start working towards other financial goals like saving for retirement, investing or even a family vacation.

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Share your favorite money affirmation below

Your money mindset is developed at a young age. Most often, it’s opinions and habits you formed from watching your parents and the people around you growing up deal with money. If you find yourself exhibiting signs of a negative money mindset, reassess then commit to doing the work to change how you feel about money and the management of money. A negative money mindset will get in the way of your financial goals. Instead, transform your mindset by surrounding yourself with positive influences, set a goal and envision yourself achieving it, create a plan, stop comparing yourself to others and show gratitude for the blessings you currently have.

Transformation doesn’t happen overnight, so be sure to remain focus on the long term vision and remember that every step taken towards your goal brings you one step closer to achieving it.

Message stay ready - go pick up a copy of Financial Planning for Everyday People (Link in Bio)

This Ebook will not only help you set your financial goals but it will lay out the steps necessary to achieve those goals. It touches on saving, budgeting, and much more.

Grab your copy today!!!!

Another one! This is the second 20-for-1 stock split this year and there could be more to come. If you’re looking to take advantage of the lower stock prices, swipe left to see how you can prepare as a new investor.

If you think fixing your credit is expensive, try qualifying for a mortgage or new car with bad credit. Need any help raising your credit score, sign up for a free consultation.

Link in Bio!

The basic idea behind life insurance is to make sure there’s money left behind after you die to support the people or causes that matter to you. The specific reasons to buy and the best type of life insurance for you will vary depending on your situation. Whether it’s term life or whole life - every adult family member should have some form of insurance.

Is it possible that we may get another extension? Sure! But if we don’t, better to be prepared.

Tip - if you’re able to, make payments even before the extension ends. The pause on student loan payments also set loan interest rates to 0%. That's a gift! That means all payments made during the pause go straight to the principal — not the interest.

The law is the law.

Feeling overwhelmed by debt? - you’re not alone. 6 out of 10 adults say money is a significant form of stress for them. Getting out of debt takes time but If you’re willing to do the work, you can find relief. Here are some tips to help turn your financial life around.

1. Change your mindset - You have to first make the decision to get out of debt and then understand that it will not be easy. It will require sacrifice and discipline but it is certainly POSSIBLE.
2. Figure out how much debt you actually have - This is where the hardwork starts, you need to list out your debts, current balances and the interest rate on each of those debt.
3. Once you understand how much money you owe, get an understanding for where your money is going each month - You can use apps like Mint to help you track your spending habits.
4. Finally, START MAKING THOSE SACRIFICES:
1. Carve out time to create a budget
2. Eliminate those subscriptions that you know you can live without (the hardest one for me was Fabletics, I can always give myself a reason for why I need another Athleisure outfit lol)
3. Consolidate debt where it makes sense
4. Eat out less
5. STOP using that credit card (if you pay $100 each month but use $100 each month, you’re not going to see progress),
6. Find new income streams
7. Continue to check on your progress each week or each month (whatever works best for you)