The boss told me at the beginning of the month to wrap up the projects because come September, it’s go time. they say august is for all intensive purposes the end of the year. I agree with that. The year has ended in my mind, I just got back from vacation. I have a lot of clarity in my life right now. I was really off track for most of the year. Wildly off track. I have begun to steer the ship back on course. We shall see how this goes
“The 100-Day Sprint begins on Sept 3 (the day after Labour Day in North America). It is the most vital 100 business days of the year. If you go into this sprint tired, you will limp to the finish line and not plan proactively for next year.” - Blair Enns
First time shoot B&W. It amazes me how much more these look like film photos just because they are in B&W.
On Sunday, the only thing I want to do is read the newspaper, read my book, drink coffee, and organize my shit.
I went to the beach, took a walk around my neighborhood and did my usual Sunday gig, these photos reflect that.
I watched Once Upon A Time in Hollywood and that was the mood with this playlist. And A$AP is the truth.
Here is the biggest things from each chapter
Why are you insecure about money?
Identify why you are the way you are about money
Create short. Medium. And long term goals for your money.
Once you identify why you are the way you are about money and your goals, then you can attack it.
Where do you stand financially
How to calculate your basic financial stuff to see where you are at
net worth = total assets - total liabilities
Get to the point where you have
check your net worth monthly
Contributing to retirement, via 401(k) or 401(b) or IRA
Deadline to be debt free, and actionable steps on how to do that
Not paying the minimum on debt
750+ Credit score
Check all three credit bureaus every year
6 months living expenses
Pay off credit cards in full
Investing in index funds
How to save by allocating each dollar in your paycheck to something
part of your check to your fixed expenses - rent etc
part of your check to your savings
part of your check to your emergency fund
part of your check to your retirement
Switch banks with ones that have a 2% APY savings account thing - you save more money than typical banks that way your savings account makes you money not the .1% that Wells Fargo does, go to Discover, they're still a big bank and offer 2%. Free Money
credit score is a number of how reliable you are
keep your longest credit card and just make one purchase and just set an auto pay thing so you keep the account open, don't want to lose that good standing
What kinds there are
How to pick one
only charge what you can afford to pay at the end of the month
rewards should complement your spending habits, don't get a travel card if you don't travel
Credit Card Debt
What to avoid - payday loans and title loans
How to pay off your debt
debt avalanche - pay the minimum on all accounts and whatever $ you have left, you pay it towards the account with the highest interest rate.
debt snowball - you pay the minimum on all accounts and whatever $ you have left, you pay it towards the account with the smallest balance, to gain momentum and eliminate one at a time, while still paying down all the others.
Find out how much you owe, get knowledge on it so you can make the correct choice once you have all the information - nslds.ed.gov
If you refinance your federal loans that loses eligibility for all federal perks like income driven repayment and forgiveness
Don't pay a third party to handle your student loans. You can enroll in any federal program for free. Save the money and put it towards your loans
Pay yourself first - when your paycheck hits, make sure you allocate money to your savings first
Have a savings account that isn't from the same bank as your checking account, so you are less likely to take or check it.
Use tax return or holiday bonus to beef up savings
How to deal with wanting to go out and being broke
Tell your friends you are broke and can’t go out
Finances with your partner
Be open and honest when it comes to discussing finances with your partner
Living at home
Save 50% of your check since you don't have high fixed costs
Getting a raise
If you can't get a $ increase, ask for more vacation days or to work from home
Know how much people in your office make, know how much people in the area make before you go into the meeting
Spend less and save more are the pillars to wealth but they mean nothing if you don't invest.
Contribute to a Roth IRA
Match employer 401 (k) plus 1-5% extra
Only start investing when;
you contribute to your 401(k)
3 - 6 months emergency saved
no high interest debt
willing to do research so you don't get fucked by someone with charging you extra fees
JUST INVEST IN INDEX FUNDS - if you do anything, just do this
Compound Effect basically, if you save early, you'll be better off. Start ASAP fucking Rocky
If you leave a company and you have 401(k) started, you can roll that over to your next job or a Roth IRA, further research will be needed to do this correctly
Make sure your financial planner is credited by the CFP
Pick a planner that has experience in your field, don't get a retirement financial planner if you need a student loans financial planner
Make sure you're going to be in that house for at least 5 years
Before buying, check this link https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html