can do it TO DO LIST corbinalexanderwealthguidance CORBIN ALEXANDER WEALLTH GUIDANCE POSTED 05062018 STARTING OUT FROM SCRATCH – POST #1 IN MY SERIES BUDGETING 503020RULE For the person already living life this is an essential rule of thumb - 50% to Needs utilities rent food car insurance never buy a car on creditpayments and be required to pay collision coverage only buy a used 3-8 years old HondaKiaToyota for the best valuebang for your buck gas clothes allowance etc Essentials needed to live! - 20% to Savings Investment used to pay bank loansstudent loans monthly deposits into a retirement account and an investment account credit card payments pay off the entire balance each month and not just the minimum payment to avoid paying interest on interest = that’s what eats you alive causing you to NEVER pay off the balances and never buy stuff from FingerhutRent-A-Center or the like…the interest on this stuff is outrageous and you pay 3x-5x what the item is actually worth in the end – if you ever get to the end of the payments! - 30% to Wants vacations limit one per year – do day trips for the other week taken on paid vacation benefits and future “Wants” such as saving for a house if you need the monies in less than 5 years then bank it – if you need the monies in over 8 years then invest it that is the industry rule of thumb when it comes to “Wants” Two methods to keep you on track - The spread sheet method this is where you track your budget in MS Excel - The envelope method this is where you assign envelopes labeled by each expense EMERGECY FUND This where you have a bank savings account holding a minimum of six months of expenses to pay “all” your monthly bills in the event of a job lose or an illness you are NEVER to dip into this unless you are in a dire straight situation Establish this fund FIRST before all other suggestions are followed SAVINGS INVESTMENT - Start saving for an emergency fund first - Do not use the Overdraft protection feature on your bank debit card = avoid getting into the habit of paying Overdraft charges over and over again! But do have it on the account – in the event of an emergency = like your car breaks down etc and avoid using a credit card and carry a balance - Start an investment account at Allycominvest and invest in my Model ETF Portfolio that I’ll outline at a later date…stay tuned! - Start investing in my ”ALL PURPOSE” Model Mutual Fund Portfolio starting in your mid-50’searly 60’s - Start investing in my designated Model Mutual Fund 80+ Portfolio in your 80’s exact allocation percentages to also be revealed at a later date! CREDIT CARDSBANKING MANAGEMENT - Establish a credit history at 18 years old before working a full-time 9-5 or going to college now is the time to obtain a pre-paid debt card through Capital Onecom or a similar lender And do not forget to get a small personal loan $100000 minimum at a local bank using a co-signer to qualify for the loan As you SLOWLY establish a credit history apply for a no-feelow credit limit card through Discovercom andor Capital Onecom HAVE YOU RUN UP YOUR CREDIT CARDS TO THE MAX AND DROWNING IN DEBT OVERALL? – CONSIDER CLAIMING BANKRUPTCY AND START OVER – JUST BE CAREFUL DON’T SCREW UP AGAIN LIKE THE LAST TIME - Earn interest in an interest-bearing savings or CD account Not all banks are created equal which is why most are banking wrong BANK OF AMERICA This is a “fee city” bank You name it they have a fee attached TD BANK This is a bank with convoluted morals Good luck banking in this environment more horseshit then you can shake a stick at! - If your balance falls below $10000 at TD at any given time during the month they hit you with a $1500 low balance fee $18000 a year! You are better off going to a local bank or a federal credit union for your banking needs BE ON THE LOOKOUT FOR MY NEXT SERIES INSTALLMENT POST ON 632018! Meme

Alive

America

anaconda

Clothes

College

Food

Future

Honda

Life

Run

found @ 27 likes ON 2019-03-01 00:22:27 BY astrologymemes.com

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