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Write. It. Down.

You know those goals you have? Have you written them down? If you said “yes” – fantastic! If you said “no” – why not? Goals that are not written down are simply wishes. They don’t have the same intensity as they do when you write down what you want and intend to achieve. Your goals may be huge and feel like they can’t be put into words, but the soon you put into writing, the sooner you will see those goals becoming real. Every day, read those goals, every day re-write those goals. Every time you repeat the message to yourself, you are reminding your conscious and unconscious mind of your intentions.

In this blog, I focus mostly on money and investing. Those goals are just as important *if not more* as goals you create for your career, for your personal life, and more. What you focus on expands. So… Write. It. Down. Give yourself the power to achieve those wishes you have rolling around in your brain. You deserve it. You can do it. And, it has been said that the first step is always the hardest. For me, the first step is formulating the goal i want to achieve, and then writing it down. Heck, I can do that all day long. It will push you to take that next first step, which just may be the most difficult. You got this. <3 Bobbi

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Ever feel like you are being nickel and dimed, $100 at a time?

Yes, I know the feeling. You are trying so hard to stay on track and something comes up, it always seems to come up. How is it possible to ever get ahead when this always seems to happen? I don’t have an easy answer for you, but I can tell you that you are not alone. There are things you can do to help your situation so when things do come up you feel better prepared to handle them.

The first thing you can do is make sure you have enough in savings to cover the unexpected. I’ve heard 3x your month salary all the way up to 1 year salary should be in savings. I don’t know about you, but that can really feel daunting and especially unrealistic. I honestly wonder what the people who have 6 months – 1 year salary sitting in a puny little savings account, making less than 2% interest, are doing with the rest of their money. In my opinion, I think it’s a poor investment strategy to have that much sitting there and not working for you. I do understand the comfort level that may come with that much, sitting at your fingertips, for anything that might come up. But, I guess I like to live on the edge.

My suggestion is to keep as much in savings as you are comfortable, and able to. I do not know your personal situation, so I will speak in general terms for what works for me. I always try to keep at least $1000 in savings, anything above $5000 should go into a greater interest bearing account. My savings account will ebb and flow a little bit, because I do budget pretty tightly and things do come up (it seems, $100 at a time.) I find myself rejiggering to ensure that I stay on track for my long-term goals and don’t feel like I need to throw my hands up in the air and give up on having a budget when I find out something will end up costing $200 more than expected (because it has, this weekend, in fact.)

So, breathe (that’s always my first piece of advice,) know it will all be OK and it will work out. Even the tough times eventually get better. If you are going through a tough time financially, being cognizant of what you are spending will help you get through this time. If you are doing great financially and just got a raise, or have always been prudent with spending. Kudos to you, you may be in the minority (talking in general terms for the US.) I’m glad you found this space. I hope we can all learn something from each other. <3 Bobbi

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Why small?

The whole purpose of this blog is to help others and I welcome any and all questions, feedback, and all that good stuff. I just received my first DM question regarding why I’ve focused on investing less than $100 a month on this blog so far. The question asked if I really thought it was realistic to encourage people to think so small.

The question gave me pause, and reiterated my purpose with this blog. Yes, I am encouraging all my friends to start small because it’s a start. Maybe $20 a week all you will ever be able to save because of your circumstances, and I will NEVER (I don’t use that word often, so please know how serious I am) make you feel smaller or lesser because you can’t invest more than that. Twenty dollars today grows exponentially the same way that $100 or $1000 does. The fact that you are putting away towards your future is your superpower (by way of compound interest.)

So, starting small is more than OK. Another focus of my blog is figuring out what will work for you. I think looking at the math for what you will need to create financial freedom or as you plan into retirement sets you up for the reality of what you will have, not some sort of unknown territory that may leave you unprepared.

One last note – The most important part of starting small is that I’ve found that realizing your super power encourages you (or read that as, it’s found me) to look for other ways to grow that power. Carry on and feel free to reach out anytime!

(ps, it’s super exciting for me to receive a question from someone who isn’t a family member or friend, keep them coming!)

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Bumps in the road…

They happen to all of us, the bumps in the road, the unexpected, the game changers that have us re-examining who we are and what we stand for. Or, even, what our purpose is. I’ve been there. I’ve lost jobs, due to my own fault or things out of my control. I’ve made poor decisions and had to try and figure out how to right my path. It’s OK. I think it’s part of life, the good and ugly part of life that helps us be stronger. Each of us have it within us to turn lemons into lemonade, it’s within those times of adversity that we can choose to continue down the path of destruction and/or depression, or take a u-turn and take a couple steps back to move forward again. It’s OK. Whether those bumps are financial or personal, every step you take forward is a step forward. It can be big or small, but forward progress is progress. <3