Make/Save/Invest

By Miguel Dos Anjos  1- Spend less than you earn: The key to prosperity is to live below your means. This rule applies if we make 30k a year or 80k a year. Our spending habits can get so crazy that a person making 80k or more does not have enough money for all of his or her expenses and somebody making 30k a year can have a retirement savings account and much more. Understanding where your money is going allows you to know where you can cut. Together the latest gadgets, a new phone every 3 months, a newest (expensive brand) car or a huge house for example will break the bank. For sure some of these things are important to us, and we deserve to have them, but at what cost? If at the end of each month we feel like the rope is on our necks, stressing out with payments, the rewards for having material things starts fading away. Peace of mind and being stress free is more rewarding, than, having a big house we can't afford, to show off to people that do not even care. Not having

By Miguel Dos Anjos  1- Write on a piece of paper all your expenses:                 On the road to financial freedom the first step is to get rid of all your debt, not including good debts, like a house that you might own, and have tenants paying off the mortgage for you.                 You need to know who you own, how much you own them, and what the interest being collected off of you is. Add up all the expenses and all the money coming in. As long as the amount of money coming in is greater than your expenses amount, eliminating your debt is doable, otherwise you must find a way to cut expenses or increase your income. 2- Develop a plan:                 Great, now being aware of the numbers there two strategies to choose from. 1 – Pay the highest interest debts first. This is the most effective strategy, because, that is the debt that can snowball worse. 2 – Option number 2 is to pay the smallest debts first, that way getting an accomplishment happines

By Miguel Dos Anjos  Who Am I?                 Hello everyone!                 My name’s Miguel Dos Anjos. For a few years now; there has been concerns, that there will not be a social security for people in my generation. I’m 34 years old and as we have seen, the retirement age has been pushed further down and by the time it is our time to collect, it will most likely be pushed even further down.                 Believe me, there is nothing wrong with that. In fact, that, is the only way we could even be able to have some sort of social security in the future since the nation’s debt keep rising and people keep living longer.                 As long as we plan ahead, our future will be great! Why Was This Blog Created?                 The reason I am creating this blog is to develop a platform where we can come together.   I will be uploading ideas into how to prepare for a rainy day and/or even plan an early retirement.             The secret to financial peace of