Did you know that the vast majority of self-employed millionaire businesswoman (98%) are home owners? Not only that, but about one in three (34 percent) has a ZERO mortgage balance! One in five has a balance under $100,000, and only 4 percent has a balance of $500,000 or more. (SOURCE: Stanley, Thomas J., Millionaire Women Next Door, […]
TODAY’S BITE-SIZED TO-DO: Take stock of your retirement savings options at work. If you have a limited array, look into opening up a Roth IRA on your own. Then connect with a financial advisor to walk you through next steps based on your long-term financial goals.
Once you’ve cut up your credit cards and tucked away $1000 for your mini emergency fund, you’re ready to start your debt snowball! Many financial experts dub this method “The Debt Snowball” because in the same way that a snowball rolling down hills gets bigger and rolls faster, the money available to pay off your debt begins to accumulate as each debt is paid.
Before you begin tackling your debt snowball, there’s one thing you absolutely have to do: build up a little security blanket. Here’s how!
Image courtesy of Shutterstock It’s sometimes considered a curse word in many households today: the dreaded budget. I know, I know . . . you’re probably rolling our eyes because you think it takes too much time, doesn’t work, whatever the excuse du jour. But that’s because you’re probably in the 60% that doesn’t use […]