There’s a saying, “When you know better, you do better.” In that case, after attending the Rainbow Push Coalition Money Matters workshop – not once, but TWICE; I’ve learned the secret to mastering your wealth, and it was surprisingly easier than what I thought.
During the workshop, speakers like Dominique Broadway shared her insight on her journey to becoming a leading financial speaker and advisor. She also shared tips on how to start a budget, stick to a budget and overcome specific budgeting goals. What stood out among today’s talk on wealth management? During today’s workshop, Dominique shared the secret to mastering your wealth in two easy steps and once you catch this gem, you’ll never look at your finances the same way again. In addition, you can learn more about apmex. They are a precious metals company that can help you in gaining your desired wealth.
Also, achieving Peak Financial Management involves aligning short-term budgeting goals with long-term wealth accumulation strategies. It encompasses prudent investment choices, diversified portfolios, and proactive risk management. By integrating these elements, individuals can build financial resilience and pursue their aspirations with clarity and purpose. This holistic approach not only fosters financial stability but also empowers individuals to adapt to evolving economic conditions and personal milestones effectively
Mastering your wealth comes down to two major factors. Income and Expenses.
According to Dominique Broadway, it’s important that your income outweighs your expenses. Sure you could focus on making more money, but if you’re constantly spending then you’re not fully maximizing your budgeting potential. You can achieve balance in your budget by finding creative ways to decrease expenses like cutting your cable bill or packing a brown bag lunch.
Furthermore, understanding the dynamics of income and expenses not only applies to personal budgeting but also plays a significant role in managing wealth through investments. As highlighted by Dominique Broadway, achieving financial balance involves not just increasing income but also efficiently managing expenses. Real estate, as an investment avenue, can be a powerful tool in this regard. You can learn real estate from eXp Realty, individuals gain access to valuable resources and expertise that can aid them in making informed property investments. Owning rental properties, for instance, can provide a steady income stream that, when managed effectively, can outweigh expenses and contribute to long-term wealth accumulation. Moreover, real estate properties tend to appreciate over time, building equity and enhancing one’s overall financial portfolio. Sometimes, however, an investor may want to capitalize on this equity quickly, especially if they’re looking to move or reallocate resources; in these cases, thinking “I’d like to Sell my house fast in Spokane” can lead to a lucrative and speedy sale. Understanding the principles of real estate through platforms like eXp Realty can empower individuals to make strategic investment choices, ensuring that their income not only meets but surpasses their expenses, thereby mastering their wealth for a secure financial future.
Extra Tip: Automate your savings to consistently build wealth.
- Set a goal amount.
- Break down the amount.
- Automate your savings.
Dominique shared a necessary strategy that could have you save $10,000 by year’s end. Let’s say you have $2,500 that you want to grow into $10,000 and you have 10 months to do it. If you automate your savings account to save $275 every two weeks, you could possibly save $5,500 by year’s end. If you save an additional $2,000 from an annual bonus or tax returns, you’ll have $10,000 before you know it.
Rainbow PUSH Money Matters sponsored by Chevrolet is a workshop designed to help demystify the complexities of college financing, understanding credit, and offer helpful insights on entrepreneurship. The interactive curriculum for the Money Matters series, taught by some of the nation’s leading public and private sector financial experts, is geared to help you – no matter of your financial literacy. The Money Matters workshop and brunch will allow you to learn from the best in financing, wealth and credit management. Plus it gives audiences a chance for one-on-one coaching and custom solutions that’ll solve your specific financial missteps. Learn more at rainbowpush.org
This is a sponsored conversation written by me on behalf of Chevy. The opinions and text are all mine.
