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The 3 Minute Money Fix

@the3minutemone1

Giving you the Best Money Tips in just 3 minutes! Subscribe to our YouTube channel! Visit our Website! Read our Book!

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linkhttp://berkshireadvisors.net/ calendar_today06-07-2020 15:14:05

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Please watch out first video! We hope you all had a great Fourth of July! This video will give a brief overview of what our channel will post! #changeyourmoneymindset youtube.com/watch?v=1QYMCI…

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Money Tip: Emergency Fund It is best to have 6 months of expenses saved up for unexpected expenses. Do you need help setting up an emergency fund? Send me a twitter message!

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Saving Money Tip: Dave Ramsey's Pay in Cash The idea of paying in cash for items such as clothing, groceries, etc. will be harder than paying with a card. Having to hand over actual cash is harder for most of us because we see how much we are giving up.

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Money Tip: Pay Yourself First This one is very important. The first thing you should do with your income is put your money towards your retirement aka yourself. Then go on to pay your expenses. The first "bill" you pay every month should be yourself.

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Money Tip: Tax Return A large tax return is BAD very BAD. That is money that you should've had earlier and been investing to grow that money. You want to have the lowest tax return possible without owing Uncle Sam.

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Money Tip: Wealth Remember there is only two ways to gain wealth! Make more money or spend less money. Sometimes we get our heads wrapped in too much detail and not break it down to the basics! Stick around for more money tips today!

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Money Tip: What to invest in can be discussed with your financial advisor. However, before you make a phone call to them you should sit down and figure out your risk levels and what timing you would want your returns. Want to consult us? Click our link!

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You can't reach a goal you haven't set. Need help setting your financial goals? Hit the link in our bio! #finance #personalgrowth #moneymindset #smart

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Money Tip: Invest your money!! 2019 Average Bank Interest Rates: Checkings - .06% -> 1200 yrs to double your money Savings - .09% -> 800 yrs to double your money The bank is safe but will not grow your money. Investments will grow your money. #moneymind

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MONEY TIP: Give every single dollar you earn a job. Whether that dollar goes to your groceries, your child's 529, or just you savings account. Every dollar of yours needs a proper place to be!

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Money Tip: Lifestyle In order to have financial freedom you need to live below your means. Don't ignore saving for retirement or an emergency fund just to live in a slightly nicer home or drive a slightly nicer car. Be financially stable in a recession.

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When it comes to a spending plan, numbers are just part of it. How you view money and your money mindset is what dictates what your budget will be. Do you view money as a tool? If not it's time to start. Stop leaving your financial plan.