Simple Yet POWERFUL Tips To Better Manage Your Finances
Season 2021, Episode 56, Aug 07, 2021, 01:00 PM
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How well would you say you manage your finances? In today’s video, we will talk about all things money, including how you can avoid negative cash flow and credit card debt. I will share some of my own life lessons in financial literacy, which you can hopefully find helpful in your own life.
Would you describe yourself as rich, poor, or somewhere in between? We are currently experiencing a global financial crisis, with more people living in poverty than ever. This makes it even more pressing for you to learn how to manage your finances, as for everyone else.
As people who have both income and expenses, we should treat ourselves like a business or an entity. Ideally, your income should exceed your expenses. Else, you might be in trouble. When you have less income than expenses, you enter a negative cash flow status, which is what leads most people into credit card debt.
Credit cards allow us to buy things that we cannot necessarily afford today, with the promise of paying for them in the future. Unfortunately, while it seems helpful initially, you might end up buying something that's more than you can afford in the future. Especially with interest, you can also end up paying more than what the item is actually worth.
In improving on your financial literacy, you can manage your finances better by avoiding a negative cash flow situation and not falling into the trap of credit card debt. I hope my tips can help you avoid experiencing poverty, and help you manage your finances better.
---
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ONLINE INCOME OPPORTUNITIES & PREFERRED BUSINESS PARTNERS
Webtalk = Better than Facebook & LinkedIn and it’s free to join. Earn income through your everyday communications with your friends and clients! https://ricky.now.site/home
Chime = Hands down the best sales, business and follow up CRM in the world, and happens to cost less than Salesforce, Slack, Boomtown, Cinc, etc... Use this affiliate link to request a free demo, and receive 15% off your monthly costs when you become a member! https://chime.me/affiliates/RK0025
Realtors = Miami Living Homes will pay you up to 33% of all your Miami and Ft. Lauderdale client referrals. Email referrals & questions to richardk@kw.com
Better Help = Making professional counseling accessible, affordable and convenient; such that anyone who struggles with life’s challenges can get help, anytime and anywhere. Get 1 week free counseling with this link! https://www.betterhelp.com/rpc/bcea26...
_____________________________________________________________________________
LIVE INTERVIEWS
2020 April HalloCasa Real Estate Video Interview ► https://youtu.be/560WWsgolho
2019 Break Away Guest Real Estate Video Podcast ► http://bit.ly/2LAaswW
_____________________________________________________________________________
REAL ESTATE
Search for real estate in Miami & Fort Lauderdale ► https://miamilivinghomes.com
Miami Living Homes Facebook ►https://www.facebook.com/miamilivingh...
☆ CONTACT ☆ ► Business: richardk@kw.com
______________________________________________________________________
#priorities #passion #purpose
👉 Find this video helpful? Give it a LIKE, and SHARE this video with others.
How well would you say you manage your finances? In today’s video, we will talk about all things money, including how you can avoid negative cash flow and credit card debt. I will share some of my own life lessons in financial literacy, which you can hopefully find helpful in your own life.
Would you describe yourself as rich, poor, or somewhere in between? We are currently experiencing a global financial crisis, with more people living in poverty than ever. This makes it even more pressing for you to learn how to manage your finances, as for everyone else.
As people who have both income and expenses, we should treat ourselves like a business or an entity. Ideally, your income should exceed your expenses. Else, you might be in trouble. When you have less income than expenses, you enter a negative cash flow status, which is what leads most people into credit card debt.
Credit cards allow us to buy things that we cannot necessarily afford today, with the promise of paying for them in the future. Unfortunately, while it seems helpful initially, you might end up buying something that's more than you can afford in the future. Especially with interest, you can also end up paying more than what the item is actually worth.
In improving on your financial literacy, you can manage your finances better by avoiding a negative cash flow situation and not falling into the trap of credit card debt. I hope my tips can help you avoid experiencing poverty, and help you manage your finances better.
---
Make sure to follow me on all our social media platforms below👇🏼
Follow me on Instagram ► https://www.instagram.com/livealegacy...
Follow me on Facebook ► https://www.facebook.com/livealegacyr...
Connect with me on LinkedIn ► https://www.linkedin.com/in/richard1/
Follow me on Twitter ► https://twitter.com/livealegacyrick
Connect with me on Web Talk ► https://webtalk.co/ricky
_____________________________________________________________________________
YOU TUBE CREATORS & INFLUENCERS
Subscribe to my YouTube channel ► https://www.youtube.com/c/livealegacy
Join our Facebook Group ► https://www.facebook.com/groups/youtu...
Monetize YouTube Channel in 30 Days ► Https://www.fiverr.com/share/mmB0pV
YouTube Buddy ►Register now to get FREE TubeBuddy and take your channel to a whole new level. Become a member and save 20% on all memberships for LIFE by using special promo code RICKYBUDDY https://www.tubebuddy.com/rickybuddy
____________________________________________________________________________
ONLINE INCOME OPPORTUNITIES & PREFERRED BUSINESS PARTNERS
Webtalk = Better than Facebook & LinkedIn and it’s free to join. Earn income through your everyday communications with your friends and clients! https://ricky.now.site/home
Chime = Hands down the best sales, business and follow up CRM in the world, and happens to cost less than Salesforce, Slack, Boomtown, Cinc, etc... Use this affiliate link to request a free demo, and receive 15% off your monthly costs when you become a member! https://chime.me/affiliates/RK0025
Realtors = Miami Living Homes will pay you up to 33% of all your Miami and Ft. Lauderdale client referrals. Email referrals & questions to richardk@kw.com
Better Help = Making professional counseling accessible, affordable and convenient; such that anyone who struggles with life’s challenges can get help, anytime and anywhere. Get 1 week free counseling with this link! https://www.betterhelp.com/rpc/bcea26...
_____________________________________________________________________________
LIVE INTERVIEWS
2020 April HalloCasa Real Estate Video Interview ► https://youtu.be/560WWsgolho
2019 Break Away Guest Real Estate Video Podcast ► http://bit.ly/2LAaswW
_____________________________________________________________________________
REAL ESTATE
Search for real estate in Miami & Fort Lauderdale ► https://miamilivinghomes.com
Miami Living Homes Facebook ►https://www.facebook.com/miamilivingh...
☆ CONTACT ☆ ► Business: richardk@kw.com
______________________________________________________________________
#priorities #passion #purpose
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