Ask Away!

If you have any questions just ask!!


I have $10,000 saved, what should I do with it?

I NEVER tell people what to do with their money. Everyone is different, and has a different risk tolerance, goals, financial situation, and expectations. The only thing I would recommend is investing some of that money on financial education: books, webinars, and find a mentor. Once you educate yourself you will know exactly what to do with your $10k.

I am looking to get out of debt as soon as possible, any advise?

I don’t know how much you are in debt, but if it is gonna take you years to get out of debt, you would be better off investing for a few years and using the profits you made from investing to pay down your debt. Because in the end you will wipe out your debt faster and still have money invested(working for you).

I can’t seem to get ahead, every time I pay a bill another one appears!

1) This is because you are not paying yourself first! Even if it is $5, $10, or $20, you need to pay yourself first. These small amounts add up to big amounts over time, and if you were investing them, they would grow even bigger.
2) You might have a NetFlix, Hulu, AmazonPrime, latest iPhone or any other money killer. Life is all about priorities, and sacrifices! If you are struggling to get ahead but won’t sacrifice these money killers then the outcome is gonna be worrying and stress.

I want to quit my job and start a business. Most business fail in their first couple years. Any suggestions?

First off, don’t quit your job until your business become profitable for a while. Starting a business and having to use the money earned from the business for person bills is the #1 killer of new businesses!
Secondly, Don’t worry about failure! Failing/making mistakes is the best way to learn. Every time you make a mistake, you will learn what not to do. If you never get started because you are worried about failing, it is the same failing. You might save yourself some money by not getting started, but you will miss out on any opportunity. Plus you will regret and always wonder: what if?