Stack money full#

This visualization has helped me with saving money. It fills up even faster if you add a hose running into it (a side job).

Stack money full#

But if you have the faucet on full blast, keep the drain to a trickle and let it run for a while it fills up fast. If the drain is wide open and you have just a trickle of water running in, nothing builds up. The faucet is your income and the drain is your expenses. YEARS ago I remember personal finance being equated to a bathtub, the water trapped inside is your wealth. Check out the book Side Hustle: From Idea to Income in 27 Days. I’m broke, I need to start a side hustle to generate extra income every month.“I’m broke, I need to work more hours and sell some stuff to get ahead.”.“I’m broke, that pack of cigarettes is killing me.”.I can’t pay Comcast $200 a month and Verizon $100 a month. “I’m broke, I can’t be driving a $20,000 car, I need to be driving a $1,000 beater like I’m in High School.”.“I’m broke, I can’t buy groceries at Martin’s, I need to buy groceries at Save-a-lot.”.Do this all the time and your cash will pile up. When you are truly broke you have a necessity to challenge every expense, every line item, every dollar. skip it.” Acting as if you are broke to yourself is what will cause you to save some real money. When looking to buy a book, a movie, a theater ticket ask “ Do I have money?…Oh, wait a sec, I’m broke. When I think a bit more deeply on acting broke, I would rather designate it as acting broke to yourself and your thought processes. My first take on acting broke, is stealth wealth the act of showing others that you are broke to avoid being hit up for money or being judged negatively for building/having wealth. Take an hour each week to look for a second job or a better job. Sell some stuff, work some extra hours, and cut down on your expenses temporarily to get that cash cushion rolling. Set up an account at Betterment and watch your money grow. Just put it in a bank account that isn’t tied to a card until you have at least 3 months of living expenses saved up, THEN look into investing. Challenge yourself to stack $1,000 in 3 months, then challenge yourself to do more. Be 1 less person living paycheck to paycheck. When 2/3 of Americans can’t handle a $1,000 emergency, stacking your money is essential. Don’t worry about 401Ks, IRAs, HSAs or buying rental properties. Don’t worry about investing right off the bat. Stack Your Money And Act Broke:ĭon’t over complicate things. Take this simple advice and put together a bit of cash this year. When it all comes down to it, the best action I have ever done financially is build up a cash cushion. We don’t know what they are going to be, but we do know there will be SOMETHING. Every year I have had several of these expenses come up. Having a cash cushion is the only good way to deal with these things. The local gestapo gave you a $250 ticket for having your grass too long is an emergency. Your hours got cut by a shift this week is an emergency. The gas bill being $100 more than last month because Winter started is an emergency. When you are broke literally everything is an emergency. In the richest nation that has existed in the history of mankind 2/3 of American’s can’t cover a $1,000 emergency. I must be on the wrong track with writing 1,000 word articles all the time, the best way to reach people is through phrases that can be put in on a simple Facebook image. Last week I came across this image on Facebook and fell in love with its simplicity. The most important parts of personal finance are the simplest.