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Money Rules You Needed Yesterday For Your Financial Success

In Inspiration, Interview, Motivation by Hamilton SparksLeave a Comment

Do you have money rules that you live by when it comes to investing? I had an opportunity to join my mastermind on a retreat this week and one of the speakers introduced this concept that was new to me. The fundamental concept is that if you don’t have rules about money and control how you use it and how to invest, YOU will not be in control, your money will control YOU. 

Let me share the first five with you today:

  1. Cash flow – how will this investment affect your cash flow? This includes your income today, your income needs in the future and the gap between those.
  2. Liquidity – when do you get paid? It could be short term (6 months- 1 year), mid range (1-5 years), long term (5 years+)
  3. Analyze your current allocations and ensure it fits with your overall strategy…ie insurance, stock market, real estate, oil/gas, crypto etc
  4. Investment Objective, ie cash flow or appreciation
  5. Determine your time involvement- will it be passive or active?

I so encourage you to examine your own money rules and if you are married or in a business partnership, review with your partner. The key to success with investing then is once you determine those rules, be sure you stick with them! 

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If you’d like to learn more about this concept and other ways we teach families to own their power over money, schedule time here on Lisa’s calendar!

https://calendly.com/lwilliamsrevolution

Join us on our mission “no family left behind” which we are doing by arming families with financial literacy. We host classes every week called “Bringing Wall Street to Main Street” on Saturday at 11am Pst/2pm eat.

This week’s topic: “Debt Stacking and the Credit Game”

Can’t make it this Saturday but want to be informed about future topics? 

Opt-in here to the series: 

https://forms.aweber.com/form/16/1652481616.htm


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Lisa Williams Co | Creator of the Perfect Side Gigs Program
www.LisaWilliamsCo.com
We are on a mission to empower, equip, and inspire 1 million people to hire themselves!

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