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Money Mindset Makeover-Day Three-Net Worth
It’s day three of the Money Mindset Makeover and today we’re going to focus on net worth and our assets and liabilities. One of the questions on yesterday’s quiz was about this topic. Not everyone can tell you the dollar amount in each of the above categories but it’s essential information. You might think you have more assets than you actually do or you weren’t aware (when you added up all the credit card balances), just how much you really owed. Today, sit down and either on pen and paper or a computer, make two columns. One you’ll mark assets under which you’ll make a list of everything you owe…
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Money Makeover Challenge-Day Two
It’s day two and I thought I’d post some questions we need to ask ourselves as we make our way through the rest of the month. Either take pen and paper or use your laptop for your responses. We’ll do a final check in on March 1st so you can gauge our progress. What would you say is your biggest money challenge? It could be you can’t save even a penny, you have lots of credit card debt or you can’t get motivated enough to find ways to save money. If you lost your job or source of income, how long do you think you’d be able to continue paying…
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Money Challenges in February
Ready to get a new money mindset? February is usually all about romance, hearts, chocolate and flowers, but seems like this year it’s going to be about money. Not only am I having a money makeover challenge here at BSG, but Angela Wills is too. First about the BSG challenge which is free to you. Each day, starting on Monday Feb 1st and finishing on Sunday Feb 28th, I’ll be posting a different money challenge for you. Nothing that’s too hard but things that I hope will get you thinking about how you view money, past ‘relationships’ you have with money, tips on budgeting, ways to save money and also…
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Learning Something New and Black Friday Challenges
We’re in the homestretch for both our November challenges. Did you learn anything new this month? Something fun? I’m hooked on the idea of trying to expand my skill set and while I won’t be doing it every day, I’m going to aim for learning a couple of new things per week in 2021. And how about the Black Friday challenge? Do you have three products ready? I have mine ready to do, but yesterday I got into a panic. I loaded everything into the store, but for some reason, I couldn’t upload the files that customers will download on check out. I thought I’d have to alter my plans…
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Learn Something New Every Day Begins on Sunday
It begins on Sunday. Are you ready? November 1st is day one of the BSG Learn Something New Every Day Challenge. What’s on your list? It could be something that’s just plain fun. It might be something that will save you money. Perhaps it’s something that could even make you money. Is there anything you’ve been trying (or dying), to learn but haven’t been motivated enough? The Instant Pot or bread maker you bought that’s just been sitting on the shelf unused because you can’t figure out how to use it or what to make in it? The irritating door that squeaks but you’ve no idea how to fix it?…
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Places to Learn New Skills
Are you ready for the Learn Something New Every Day challenge that kicks off November 1st? By now you should have some idea of some of the new skills you want to attain over the course of 30 days. It could be something that saves you money like learning to sew or can. Or makes you money, like learning how to write more engaging blog posts. In case you’re still haven’t figured out what you wan to learn, or even where to go to learn your new skill, here are my top five favorites sites I use all the time when I need to figure out how to do something.…
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One Piece of the Financial Freedom Pie-Cutting Expenses
There’s earning more money, saving more money, and another piece of the financial freedom pie is all about cutting expenses. I probably don’t have to tell you that things have gotten more expensive this year. Don’t know about you, but each time I open a bill, like one from a utility company, a piece of paper drifts to the floor. It’s the one saying they’ll be raising their rates later this year. And it’s not just energy costs. Just the other day, I went online to order some of my favorite green tea (it’s my mid-morning pick me up), and had to blink three times just to make sure I…
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Where to Stash Your Rainy Day Fund
You’ve heard me mention my maternal grandmother many times here at BSG. She’s one of my money mentors. She was widowed at 50 and was an independent woman who believed in taking care of everything (including all things financial), her way. (Stubborn is often what my mom called her). One of the many things she taught me was to have money to fall back on, the rainy day fund, that emergency fund I talked about last week. She was the one who took me to open my very first savings account at the ripe old age of eight. She deposited money to open the account and then told me when…
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Emergency Funds-Do You Have One?
Do you have enough money set aside should some major happen like losing your job, or even a everyday thing like needing a new set of tires for your car? My maternal grandmother (one of my money mentors), always had a rainy day fund and she taught me the importance of having one too. I’ve always set money aside for the just in case scenarios that always seem to happen when you least expect it. Take for example something that happened this week. Sunday lunch time I was eating leftover pizza and bit down and knew something wasn’t quite right. I realized I’d lost part of the filling in one…
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Recession Proof Yourself, Your Business and Your Life
What’s happening in the world reminds me of the old saying about not putting all your eggs into one basket. I work in the creative field and every day I’m hearing about people losing contracts, clients canceling projects, and people generally not knowing how they’re going to make it through the months ahead. Proactive measures are always better than reactive ones so now is the time to think about businesses that are sort of polar opposites of one another. It’s the way successful entrepreneurs have always done it. If one business gets hit during a downturn, you have one or more other ‘different’ businesses to keep you afloat. Say you…