![]() W10: Retirement-it should be on your mind ![]() How this improves your well-being: The extra dough is fabulous, but imagine your passion project turning into a viable business. What we learned: Side-hustling is a great way to make additional income, but you need to do it correctly-ahem, pay taxes and follow the laws! How this improves your well-being: Being debt-free will allow you to achieve other long-term money goals faster. What we learned: Paying off credit card debt needs to be a top priority if you have student loan debt, it can be paid off simultaneously. How this improves your well-being: Taking advantage of office perks can mean discounts on phone bills, gym memberships, commuter plans, and more. What we learned: There are many lesser-known ways you can make the most out of your paycheck-as long as you’re informed on what your workplace offers. How this improves your well-being: You’ll have peace of mind if there’s ever a sitch where you have to dip into your emergency fund-job loss, medical bills, having to move suddenly, etc. What we learned: Putting your emergency funds in a high-yield checking account (that is, a bank with a high-interest rate) can grow your money without you even knowing. How this improves your well-being: Compound interest is one of the most powerful tools in investing-it allows your savings to grow a lot over time. What we learned: Even with a small amount of money, you can open up an investment plan that allows you to trade and buy stocks, bonds, ETFs, and mutual funds. ![]() How this improves your well-being: Proper budgeting offers personalized money guidelines so that you’ll never spend more than you have or earn. What we learned: Figuring out your fixed expenses and flexible expenses will help determine whatever’s left that can go toward your savings and investments. How this improves your well-being: Once you achieve one money goal, you can achieve many more money goals! ![]() What we learned: Setting specific money goals, and having specific dollar amounts attached to them, is important when saving for both short- and long-term. How this improves your well-being: It can motivate you to ask for a raise, or help keep your finance goals and priorities in check with your partner. What we learned: Having convos about money doesn’t have to be taboo-in fact, it’s vital for success. How this improves your well-being: Whatever your money sitch is, you should always have goals that will lead you to financial independence-because financial independence means financial freedom. What we learned: Having “wealth” means being in a state to have choices, security, independence, better health, and more. PSA: If you have no idea what we’re talking about and would like to subscribe, or recommend this series to a pal, you can do so right here!īelow is a recap of what we covered over the 12 weeks and how these learnings contribute to your overall well-being, plus a few parting words to keep in mind for the future as you continue on your journey to financial independence. Money Moves was our way to identify what our current money status is, what our money goals should be, and how to achieve those short- and long-term goals for financial success. While tackling money matters is often stressful, taking appropriate baby steps (and accomplishing weekly challenges) over the course of three months proved to be a gradual and effective way to getting our money situation figured out.Īfter all, it’s impossible to become an expert in any topic overnight. Well, we sure learned a lot over the course of Money Moves, our 12-week e-course with investment manager BlackRock, on how to master your finances.
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