There’s a saying, “When you know better, you do better.” In that case, after attending the Rainbow Push Coalition Money Matters workshop – not once, but TWICE; I’ve learned the secret to mastering your wealth, and it was surprisingly easier than what I thought.
During the workshop, speakers like Dominique Broadway shared her insight on her journey to becoming a leading financial speaker and advisor. She also shared tips on how to start a budget, stick to a budget and overcome specific budgeting goals. What stood out among today’s talk on wealth management? During today’s workshop, Dominique shared the secret to mastering your wealth in two easy steps and once you catch this gem, you’ll never look at your finances the same way again.
Mastering your wealth comes down to two major factors. Income and Expenses.
According to Dominique Broadway, it’s important that your income outweighs your expenses. Sure you could focus on making more money, but if you’re constantly spending then you’re not fully maximizing your budgeting potential. You can achieve balance in your budget by finding creative ways to decrease expenses like cutting your cable bill or packing a brown bag lunch.
Extra Tip: Automate your savings to consistently build wealth.
- Set a goal amount.
- Break down the amount.
- Automate your savings.
Dominique shared a necessary strategy that could have you save $10,000 by year’s end. Let’s say you have $2,500 that you want to grow into $10,000 and you have 10 months to do it. If you automate your savings account to save $275 every two weeks, you could possibly save $5,500 by year’s end. If you save an additional $2,000 from an annual bonus or tax returns, you’ll have $10,000 before you know it.
Rainbow PUSH Money Matters sponsored by Chevrolet is a workshop designed to help demystify the complexities of college financing, understanding credit, and offer helpful insights on entrepreneurship. The interactive curriculum for the Money Matters series, taught by some of the nation’s leading public and private sector financial experts, is geared to help you – no matter of your financial literacy. The Money Matters workshop and brunch will allow you to learn from the best in financing, wealth and credit management. Plus it gives audiences a chance for one-on-one coaching and custom solutions that’ll solve your specific financial missteps. Learn more at rainbowpush.org
This is a sponsored conversation written by me on behalf of Chevy. The opinions and text are all mine.
Disclosure: This is a sponsored conversation written by me on behalf of Chevrolet. The opinions and experiences shared are all mine.
What do you know about budgeting, credit and proper investments? Honestly. Truly. The fact is there are hundreds of thousands of people just like you who may not have solid education on how to properly budget, manage credit or consider investments. The Rainbow PUSH Coalition with support from Chevrolet recently held a Money Matters Financial Empowerment Workshop in Harlem to help inform and inspire young adults about the possibilities of financial literacy and financial health. Because when you know better, you do better. Right? These educational sessions demystified the complexities of college financing, credit as well as the benefits of investing, budgeting basics and was just what I needed to jumpstart my new budget-making goals.
Do you know why you need credit history?
What about the importance of good credit?
Did you know: Payday loans can be very expensive form of credit?
What’s the major difference between saving and investing?
If you attended the Money Matters Financial Empowerment Workshop in Harlem, you should score an A+ on these financial quiz questions and have a deeper understanding and actionable steps on making your money work smarter and harder for you.
During the workshop, speakers like Dominique Broadway shared her insight on her journey to becoming a leading financial speaker and advisor. She also shared tips on how to start a budget, stick to a budget and overcome budgeting goals. A financial tip that I now use? The My Money Goals card is a great way to remind yourself of your budgeting goals. You simply write your goals on the card and stick it inside your wallet for safe keeping. It’s a gentile, yet hard-enough reminder to detour you from frivolously swiping your debit card or spending cash unnecessarily. If it isn’t going towards my money goals, it’s not THAT important.
Mr. Bill Cheeks is a veteran when it comes down to understanding and teaching the importance of good credit. He has a perfect credit score! A PERFECT CREDIT SCORE! I used to think having a perfect credit score was as mythical and mystical as a unicorn. Mr. Cheeks shared valuable tips including:
- Pay your bills on time.
- Have a small amount of total debt.
- Only use a small amount of your total available credit.
There were also insights that completely changed the way I look at credit. During the event, I personally learned how to avoid and/or report identity theft and how to use credit responsibly. There were sessions available for any and everyone that’s serious about their financial health. If you need to make a change to improve your financial health and want to make your money work harder and smarter for you, check out the instant replay of the Money Matters workshop in NYC. You’ll gain valuable insight on your financial health and get excited about getting started on making the right financial moves for you and your future.
The Money Matters Workshop is hitting the road and coming to a city near you. To register for the Money Matters workshop in Detroit (October 1st) and discover other Money Matters workshop stops throughout the country, visit www.rainbowpush.org.
This is a sponsored conversation written by me on behalf of Chevy . The opinions and text are all mine.