Personal Financial Coach Lika

Pretty simple rules to live by

This is so true when it comes to your physical health but it also applies to your financial health. Take care of your finances EARLY, so you aren’t forced to be dependent on Uncle Sam once you retire.

Over the long term, the cheapest way to drive is to buy a car and keep it until it’s uneconomical to repair. Also, be mindful of the money factor, which is finance charge a person will pay on a lease. It is equivalent of the interest paid on the loan. It’s shown as a very small decimal, ex. .0017. Multiplying the money factor by 2,400 will give the equivalent annual percentage rate.

Power of compound Interest! The longer time your investment has to grow, the more work it will do for you and more interest it will yield. As always these numbers are assuming a 10% rate of return.

Timeline photos

Goals aren't achieved only because we want them to be. They become a reality because we decide they matter more than what we've always done. It's an emotional decision.

MAKE IT HAPPEN.

It’s so easy to spend money without a plan. Take time to use the budget and give every dollar a purpose.

Many of us earn enough but we’re not taught how to keep enough. I teach you how to keep enough and still enjoy your life. 💵💰🤑

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You can make a million dollars a year and still live paycheck to paycheck due to lifestyle inflation. People tend to increase their spending when their income increases because they now have enough money to buy more expensive things that they could not afford before. Spending more is OK to improve your quality of life but it’s important to not increase your spending TOO much or you won’t be able to achieve your financial goals.

Lending money to family or friends can ruin the relationship. If they really need your help, give them as a gift.

Is HSA right for you? When should you start contributing to an HSA? Let me know if you want to learn more about it.

The book everyone should read 👇🏻

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How much could YOU save if you didn’t have a car payment? 😉

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It is never too late to turn things around. schedule your free discovery call today!

Stay tuned for more on each 💰myth 👇🏻

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Financial Coach vs. Financial Advisor: What is the Difference?

It’s no surprise that everyone has a guilty pleasure they spend too much money on. For many, including myself, it’s coffee. Do you know how much you spend monthly on it?

Personal Financial Coach Lika updated their phone number.

Personal Financial Coach Lika updated their phone number.

Tracking your net worth overtime is a helpful indicator of your financial stability. Looking at net worth can help you understand where your money has gone in the past vs. where you want it to go in the future. 

HerCapital

Which one do you choose to do today?

Month of April is Financial Literacy Month. What money topics you want learn more about? 👇🏻