If you didn’t get to join us this time, I hope to see you at our next challenge.

Here’s what past participants had to say: 

“I would do this challenge again in a heartbeat. Everyone needs a starting point or for me, a refresher. The challenge has made me feel like I can do this thing. I decided last week to focus only on working on my dividend portfolio for the next six months. It has given me tools on how to focus more on my goals.” Sharon N.

“I think that this challenge is especially helpful for those who are looking to get started. There is enough information to interest someone who is just beginning without overwhelming them with terminologies and busy work. The tasks are clear and concise. The overall time commitment is short and the replay options are very helpful.” Aria W.

 “Something I took away from the challenge is to continue to change my mindset. More importantly, I focused on changing my actions. I am reminded to set specific goals that will lead me to manifesting my vision. I feel motivated to take action after doing this challenge and would definitely do it again because I’m also passionate about investing. I just love being financially free and seeing others do the same.” Amanda W.

February Challenge Winner

And the Most Active Participant award goes to Amanda Williams!

Invited the most people

Attended daily sessions and/or replays

Submitted Day 3 and Day 4 homework assignments via email

The most active participants during our challenges win prizes. Why? Because INVESTING IN YOU will pay dividends for the rest of your life.

In order to qualify for prizes, you must send your final homework via email (by the deadline) so that we can recognize you.

Active Participants

We also want to recognize our most active participants. These ladies showed up and showed out during the challenge.

Congratulations to the following individuals!

• Sandra Davis
• Margaret Lo Hing
• Frednesha Sanders

Are you ready for your next level? Join us for Paychecks to Passive Income. You will get a chance to work with me to help build your dividend game plan and receive a recurring stream of income for the rest of your life.

Limited spots available.

If you didn’t get to join us this time, I hope to see you at our next challenge in February. Here’s what participants had to say: 

“I would do this challenge again in a heartbeat. Everyone needs a starting point or for me, a refresher. The challenge has made me feel like I can do this thing. I decided last week to focus only on working on my dividend portfolio for the next six months. It has given me tools on how to focus more on my goals.” Sharon N.

“I think that this challenge is especially helpful for those who are looking to get started. There is enough information to interest someone who is just beginning without overwhelming them with terminologies and busy work. The tasks are clear and concise. The overall time commitment is short and the replay options are very helpful.” Aria W.

Over 30 women signed up for the challenge. Congratulations to everyone who showed up and invested in their future.

And the TOP 7 FINALISTS were…

Frednesha

Janelle
Sharon
Amanda
Alicia 
Aria
Keisha

And the Winners are…

Join us for our Dividend Masterclass and get ready to make 2023 your wealthiest and happiest year! Start saving your money so you can get ready to INVEST IN YOU in 2023. 

$1000? $2000? $10000?

Make sure you subscribe to Wealthy Women Weekly so you can get saving + investing tips delivered to your inbox to help you achieve your goals.

Anything is possible when you have a game plan and accountability to make it happen.

Join our FREE Facebook group if you want to start saving money and building wealth this year.

Wealthy Women Daily Net Worth Challenge

Don’t just hope you achieve your goals. Create a plan to make sure it happens. Make the vision so clear that it has no choice but to become your reality!

If you want to build your emergency fund or max our your IRA this year, the below diagram is the perfect challenge for you!

A Simple Way to Save $6000 in 6 Months

This visual outlines the amount you can save every week to save $6000 in 6 months.

This is my sample plan on how I intend to save $6,000 in 6 months starting with $25!

As you can see, the amounts grow almost every week. This mean that we will have to continuously expand and grow in order to meet the goals.

Are you ready to grow this year? If you need help, check out How to Find Happiness Again available on Amazon to prepare your mind for everything you seek. The 30-day transformation is amazing! Check out the book reviews. It was also a #1 new release. Woohoo!

If you want to achieve things you’ve never done, you have to grow into a person you want to become.

There are two ways to achieve your goals. You can either increase your income or decrease your expenses. If you can do both, you can achieve your goals a lot faster.

Your homework is to create a plan to achieve the amounts for Week 1, Week 2, Week 3, and Week 4. Plan ahead! Are you going to cut some expenses or build an extra stream of income to make this happen.

Get a Financial Coach to Help You Save More

What are you investing in? You will get more of what you invest in.

If you invest in your financial education, you will gain access to more money. If you invest in more liabilities, you may be signing up for a lifetime of debt. YIKES!

Take some time to think about the investments you have made in your life. On one side of the paper, write down your assets. On the other side of the paper, write down liabilities. Whatever side is bigger will serve as a reality check to show you what you have been investing in.

Contact me at wealthywomendaily@gmail.com if you want to take advantage of a strategy session to help you save more, invest, and live a life that aligns with the core of who you are.

Think about it. For less than a $1,000 investment, you’ll be able to walk away with $6,000 in the next 6 months!

That’s a no-brainer. You do the math.

Turn $6,000 Savings into $10,000 Income

What happens when the savings challenge ends? Well now you have a chance to invest your money.

You can invest your money in a new business venture, real estate, precious metals, and an array of other assets. The easiest way to invest your $6,000 is in the stock market.

The barriers to entry are low.

No credit check required or down payment.

All you have to do is open an account and fund your account with money from your checking account. That’s it.

Then you have to choose which assets you want to add to your portfolio.

In The Dividend InvestHER premium subscription, I shared growth stock opportunities that can keep you afloat as dividends were decreasing. I discussed Tesla in May when the stock was less than $800. Now the stock is over $1600. Yes, it doubled!! You would have turned a $6,000 investment into $12,000 and could have taken out your initial $6000 investment! 

That’s FREE money. WOW!

Use $6,000 Savings to Build Your Dividend Portfolio!

Are you ready to create an extra source of income without adding another task to your to-do list?

It’s simple; start taking advantage of dividend income. Now you can use your money to make more money!

Dividend income is the money that companies give you for being an investor. You can get checks in the mail or deposits in your account every money or quarter.

Guess what? You don’t have to do anything extra. All you just have to invest in dividend-paying stocks. That’s it.

Grab your copy of “Dividends Are a Queen’s Best Friend” if you’re ready to start your investing journey today!

Then you can join The Dividend InvestHER to get a list of hot stocks on the market every month. You’ll get this subscription for less than buying a cup of coffee every week!

It all comes down what matters most to you. Drinks or dividends?

Save Money and Invest in Your Retirement Account

If you have an emergency fund that you are comfortable with, it’s time to invest in your individual retirement accounts.

I have an individual retirement account with a traditional brokerage firm. These firms include Charles Schwab, Fidelity, and TD Ameritrade. If you need a step-by-step tutorial on the stock market and how it all works, check out Invest in 5 Minutes a Day!

It doesn’t matter if you have a 401(k), 403B, or Thrift Savings Plan, you should still have your own individual retirement account.

Never, ever, ever depend on any job to meet your every need. Diversify your options.

Opening a retirement account is really simple. All you have to do is go to the website and input your personal information. That’s it! It takes less than 10 minutes.

Many accounts have no account fees or minimums. Read the account requirements first before you build a relationship with any brokerage account. The money you place in your account can be invested or left in your account like a savings account.

What I like about individual retirement accounts is that they are tax-advantaged. Your traditional IRA contributions may be tax deductible and your Roth IRA contributions grow tax-free!

If you want to know how it all works and plan for your future, contact me at wealthywomendaily@gmail.com for a financial coaching session.

Have a Plan for Your Savings

The last thing you want to do is spend time saving this money and watch it leave your hands (with no expected return on investment) in seconds.

Have a plan for your money.

Determine how you want to allocate your money now.

Here are some resources that will help you plan ahead. When you’re mentally ahead, you’ll have no choice but to meet the minimum level requirements for your goal.

Resources:

• Dividends Are a Queen’s Best Friend
• Dividend Queens: The Dividend InvestHER. 
• Wealthy Women Daily Net Worth Challenge (FREE Facebook Group)

Are you joining the challenge? What’s your plan of action? Leave a comment below and let us know!

Week 2 of July is over! It’s time to check-in to see how we are doing with our expenses.

In this expense report, I will be looking at all purchases and charges from Sunday, July 5th to Saturday, July 11th.

Decrease Your Expenses and Increase Your Net Worth

Here’s an important statement you need to understand on your money journey: You might not have an income problem; you might just have an expense problem.

Reread that sentence.

Because you have no idea where your money is going, you may not have funds available to allocate towards assets that increase your net worth.

Do you fall into that category?

If so, don’t panic. All you have to do it transform your mentality in order to create a new reality.

Oh yeah, I created The Dividend InvestHER if you want to add another stream of income to your portfolio. For less than $6 a month, you’ll get a list of dividends and investing strategies to increase your wealth. This is your chance to give up that food addiction you have and invest in something that will make you a better you.

Back to our scheduled post…

That’s why we are tracking our expenses. You should do the same!

Here is my expense report.

Hair Services and Products – $76 ($60 Cash + $15.94 Credit)

My favorite beautician was in town so I took advantage of the opportunity to get my “new me after quarantined” look!

I LOVED my new hairstyle. I loved it so much that I had the urge to get a photoshoot done.

Oh my!

Yeah, I am grateful that my sister was by my side to help make my vision a reality. She is the BEST!!

I know I’m crazy. But I felt it. It was time for a new look for my website, business, and upcoming books. If I didn’t do it now, I would have to wait until September or October.

No Way!

So in a few hours, we found a photographer, apparel, and participated in a late night photo shoot!

Yes, I’m coming back as a Communications Coach for CEO Unlimited LLC with a FRESH LOOK and NEW ENERGY. Wait for it!

Headshots – $185

Yeah, I explained the deal behind this expense.

But guess what?

This is for my business. It was time for new headshots as I redesign my website and make my comeback.

SO I am going to scratch this expense off my list of personal expenses.

Wifi – $54.95

Need to get that Wifi in order to get these books and courses out, right?

Total Personal Expenses for the Week of July 5th: $125.62

• Hair Services & Products – $76
• Photoshoot – Business Expense
• Internet – Business Expense
• Food – $49.62 – Put it on credit card so I have extra time to pay this!

Total Personal Expenses (with a cash flow impact) for the Week of July 5th: $60

Did I spend more than I expected to spend? Yes! I didn’t expect to get a photoshoot but this is a great investment in my business and promotional material.

Were the expenses worth it? Yes!

Living and recurring business expenses are excluded from this calculation.

What will I do better to monitor my net worth?

Well, one win that I didn’t discuss was maxing out my IRA! Woohoo!

I think I did really good this week. But if I’m being real with myself, I purchased two 7-oz bags of BOOM CHICKA POP and ate both bags within 24 hours!!

The bags of popcorn accounted for 13% of my food expenses for the week. Insane! I could have bought some nourishing fruits and vegetables for that cost. Wow!

A few hours after devouring the bags, I wasn’t feeling too well. I definitely wasn’t as productive as I could have been. My popcorn obsession caused my body to not perform at optimal speed.

What lessons did you learn this week? What will you do differently?

Don’t forget to grab your copy of my latest book “Dividends Are a Queen’s Best Friend” if you want to learn how to earn income from your investments.

Comment below.

On the quest for financial freedom, many people focus solely on net income.

If that’s the only number you are looking at, you are missing out on a liberating opportunity to accelerate your goals.

Join our Free Wealthy Women Daily Net Worth Challenge to get the accountability you need to increase your assets and decrease your liabilities.

In this expense report, I will be looking at all purchases and charges from Sunday, June 28th to Saturday, July 4th.

Make sure you subscribe to Wealthy Women Weekly to get more juicy money + net worth tips that will help you invest in your dream life.

Decrease Your Expenses and Increase Your Net Worth

Here’s an important statement you need to understand on your money journey: Some people don’t have an income problem; they have an expense problem.

Reread that sentence.

Because of high expenses, many people are not able to allocate money towards assets that increase their net worth.

Do you fall into that category?

Once you rethink your expenses and determine if the way you allocate your money aligns with what matters most to you, then you can make better decisions.

A simple life of happiness, health, and wealth comes when you don’t have a long list of expenses weighing you down.

So the best way to see where you stand in the expense game is to track your expenses. Do this as often as possible so you can see where most of your money is going.

Here is my expense report.

Fitness Coach – $120

My health is a top priority. It’s at the core of what I do. I am willing to invest my financial resources into my health.

Why?

Because having good health will allow me to do the things on my vision board. Without my health, my vision board desires will only be a dream.

This week I got a chance to workout virtually with my fitness coach on Monday, June 29th and Wednesday, July 1st. I felt AMAZING afterwards. If it wasn’t for her, I definitely wouldn’t have worked out or had the desire to push myself like she does during our sessions.

Chase Sapphire Annual Credit Card Membership Fee – $95

Time to pay that annual credit card membership fee!

This was the best credit card for me to use while I was traveling around the world. If travel plans are in your future, this is a great card to have by your side.

In June 2019, I traveled to Toronto, Canada and Montego Bay, Jamaica. I absolutely loved it! I did it all with a small backpack and purse and was free to do whatever I wanted.

So of course I wanted more travel freedom!

I decided to book a one-way flight to London and then traveled around Europe! I explored London, Berlin (Germany), Luxembourg, Malta, and Barcelona (Spain).

It was a dream come true! I traveled to those countries in August and September and then had to return home to release my first book, Dividends Are a Queen’s Best Friend.

But while I was traveling around the world, I was happy to have my Chase Sapphire Credit Card to avoid foreign transaction fees.

Those fees add up and can make you “mad mad” while you’re supposed to be living your best life.

So was the $95 Chase Sapphire Annual Credit Card Membership Fee worth it? Heck yeah! I avoided additional fees and received hundreds of dollars in rewards points over the year. This was a great “investment” since I’m a travel lover.

Use my referral link here to apply for a Chase Sapphire Annual Credit Card. You’ll qualify for bonus points and have what you need to increase your net worth, live your best life when you travel, and collect rewards points to purchase your favorite items while you’re at home.

Capital One SavorOne Rewards Card – $24.49

Credit cards can either increase or decrease net worth. I use my credit cards to boost my net worth.

As soon as I accumulate charges on my credit card, I try to pay it off. I hardly ever wait until the end of the month or when the payment is due to pay my credit card bills.

One habit of people with an 800+ credit score is that they typically pay off their credit card bills in full every month. This allows them to fully enjoy all the rewards points that credit cards offer.

I’m typically paying credit card bills every week so that my balance can be zero on Friday or Monday of the following week. Debt free! I love not owing anyone anything. I emphasize setting up your own payment schedule so you can see more zero balances on your credit card.

Here is my grocery allocation:

Mariano’s – $11.46

Whole Foods – $13.43

Mariano’s – $3.34 (2.5 lbs of Kale) I used my Capital One Rewards to pay for this purchase.

I put the $24.49 on my Capital One SavorOne rewards card and earned more points.

Using Technology To Decrease My Credit Card Bill

Ok, you’re probably wondering how did I get enough food for the week with only $24.49? Let’s address that. I don’t want you to think I’m starving myself out here.

I used my gift card I receive from Fetch Rewards to pay for the majority of my purchases. Have you heard of Fetch Rewards?

When you download the Fetch Rewards app using this link, you’ll receive 2,000 points when you scan your first grocery receipt. Use referral code “WVWBW”.

The more receipts you scan, the more points you earn. So make sure you scan your receipt every time you leave the grocery store. You can also keep a collection of your receipts and scan them all when you have free time. I absolutely love it!

So the money that I had to spend after using my gift card was $24.49. I used to spend $25 a day for food and now I can leverage my resources to only spend $25 a week. YES!!

Here is why I love my Capital One SavorOne rewards card:

• New cardmembers earn a one-time $150 cash bonus once you spend $500 on purchases within the first 3 months from account opening
• 0% intro APR for 15 months
• No Annual Free
• Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
• Rewards points can be used to get gift cards, cover your purchases, or get cash.

This credit card is for customers with excellent credit.

Before getting a credit card, check your credit report and credit score. You can get free credit reports at AnnualCreditReport.com.

What I should have did was use my capital one credit card to pay for my fitness instead of using my cash. I need to check to see if payment with credit card is a possibility. Then I may get points back for my investment in health.

Total Personal Expenses for the Week of June 29th: $239.49

• Fitness Coach – $120
• Chase Sapphire Annual Membership – $95
• Capital One SavorOne Rewards Card – $24.49

Did I spend more than I expected to spend? Yes! I completely forgot about the annual credit card membership fee that I had to pay.

Were the expenses worth it? Yes!

Living and business expenses (QuickBooks, Google Gsuite, Professional Dues, and Annual Report Fee) are excluded from this calculation.

What will I do better to monitor my net worth?

Set money aside in advance to pay my $95 annual card fee that will be due on July 1, 2021.

The money I put aside can be saved in an account that will allow me to get interest.

Maybe I can invest a portion of the $95 into a taxable brokerage account or save enough rewards points to pay off the $95 annual card fee.

I like the idea of using rewards points to pay the $95 card fee. That means I get all the benefits from the card without using my personal funds.

I’ll also look for ways to offset my fitness expense since health is my priority. Stay tuned for what I find!

What lessons did you learn this week? What will you do differently? Comment below.

Some of the links below are affiliate links. This means that I may receive compensation if you click on a product link. Affiliate links helps to generate revenue for the blog and support the work of Wealthy Women Daily. This compensation comes at no additional cost to you, and I only promote products that I trust.

I like to check my credit score monthly.

So, while traveling around the world I decided to review my credit score and noticed that it was over 800! Woohoo!

A couple of years ago, my credit score was in the low 600s! What the what?

So how did I increase my credit score?

• Haven’t worked a full-time job in over 5 years
• Had approximately $20,000 credit card debt in 2018
• No sugar daddy (no link for this one LOL!)

Say what? I know this won’t make sense for many people. The popular thought is that you have to work harder in order to increase your credit score. I believe you just have to work smarter.

When you know your numbers and have control over your money, anything is possible. You can choose what type of life you want to live.

Resources to Help You Get 800+ Credit Score

If you need to get your money in order, join the Wealthy Women Daily Net Worth Challenge FREE Facebook Group and work with a financial coach.

You can also send me an email at wealthywomendaily@gmail.com if you need any pointers and you can also gain access to FREE money + investing tips by joining Wealthy Women Weekly.

So, how did I increase my credit score?

These are some of the things I did:  

1. Invest in dividend-paying stocks.

I decided to invest in more assets instead of debt.

Now I get checks in the mail and dividend deposits in my account from various companies every 1-3 months!

What’s so awesome about receiving dividend income is that I earn money without adding another item to my to-do list. My money is making more money for me. Now, I have more money available to pay off any debts I owe. And paying off debts increases your credit score!

Grab your copy of Dividends Are a Queen’s Best Friend to start your investing journey. If you’ve already read the book, please leave a review on Amazon so we can spread the word to more people. Appreciate you!

If you want a list of Dividend Stocks and investing strategies to explore every month, check out the Dividend InvestHER. Right now, it’s less than $6 a month! WOW! You can choose a cup of coffee/tea or learn how to increase your investment opportunities. You choose.

2. I received checking account rewards to assist with my 800+ credit score goals.

Banks are paying me to open up accounts! So, I’m getting more deposits in my account just for opening a checking account and depositing a certain amount.

For example, when you open a new Chase Total Checking® account with qualifying activities, you can earn a cash bonus! And the process to open an account takes less than 5 minutes!

Read here to see how I did it! 

3. I got new credit cards and paid off old debts which can help you reach the coveted 800+.

A list of my favorite credit cards are listed below.

Before you get a new credit card, check your credit score. Now, look at your credit grades. You’ll see five different components of your credit score and how well you’re doing in each category. Use the data you have to make smart decisions. This information will help you determine the fastest way to increase your score.

4. Understand the 5 components of the FICO Credit Score.

Payment History (35%) – Pay your bills on time. No exception. You can set up automatic bill payment and/or have a debit card or checking account specifically for this purpose. This is the largest chunk of your credit score.

Credit Utilization (30%)- What’s your credit limit? How much do you owe? If you’re using a lot of credit and not paying off your balance in full each month, your credit utilization grade may be very low. I aim to not go over 10% of my credit utilization rate. So, I try to pay my credit card bills at least twice a week to get my credit utilization rate good.

Length of Credit History (15%) – How long have you been in the credit game? Believe it or not, you are graded on this! So if you start closing accounts all at once, this could damage your credit.

Credit Mix (10%) – This is a vague category to me. This category is about your ability to handle different categories of debt. FICO believes that borrowers with a mix of different types of credit (installment loans, revolving credit, etc.) are more likely to be responsible borrowers. Very interesting!

New Credit (10%) – Getting new credit cards could be a boost to your score if you know how the game works. But if you open multiple cards at once, that could be a sign of financial trouble and can hurt your score. This category is all about timing and how you’ve managed previous debts. It’s about getting the right credit cards at the right time!

Read my post published on Black Enterprise here to find out more about credit scores.

My Favorite Credit Cards

Chase Sapphire Preferred

This was the best credit card for me to use while I was traveling around the world. If travel plans are in your future, this is a great card to have by your side.

Say bye, bye to foreign transaction fees and enjoy the amazing rewards points that this card provides. When you sign up for this card, you’ll get 60,000 bonus points when you meet the requirements. Check it out here and support the blog by using our referral link.

The annual fee for the Chase Sapphire Card is only $95 and rewards should cover the cost of it over a year. I used this card to travel to 7 countries in 2019 and was able to maintain my #debtfree status while saving tons of money.

Capital One SavorOne Rewards Card

Credit cards can either increase or decrease net worth. I use my credit cards to boost my net worth and enjoy the cash rewards to fund my lifestyle.

One habit of people with an 800+ credit score is that they typically pay off their credit card bills in full every month. This allows them to fully enjoy all the rewards points that credit cards offer.

Here is why I love my Capital One SavorOne rewards card:

• New cardmembers earn a one-time $150 cash bonus once you spend $500 on purchases within the first 3 months from account opening
• 0% intro APR for 15 months
• No Annual Free
• Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
• Rewards points can be used to get gift cards, cover your purchases, or get cash.

This credit card is for customers with excellent credit. Support the blog and use our referral link here.

Before getting a credit card, you want to understand where you stand in the credit world. You can go to AnnualCreditReport.com to get free credit reports from Equifax, Experian, and TransUnion.

More Tips

I have more tips to add to this list but I’m strategizing and trying to get more gift cards using my Fetch Rewards. This is so fun! All I have to do is scan my grocery receipts. If you want to join me on this journey, just use my referral code, WVWBW, during signup and you’ll get 2,000 Fetch Points just for starting. Download here: https://fetchrewards.onelink.me/vvv3/referralsocial?code=WVWBW

I’m aiming to continue sharing money tips and travel hacks so that others can know what’s possible and never have to feel stuck.

This is why I created this platform, Wealthy Women Daily. It’s all about having the freedom and flexibility to live life on your terms and create a life that makes you excited to wake up. This is when you contribute the best of you! 

What do you want to accomplish this year? How are you going to make that happen? Comment below!

If you’re waiting on your next paycheck in order to pay your bills this month, you’re probably living like 78% of U.S. workers who depend on their check for survival.

Sis, you better start saving and increasing your streams of income!

Have you seen the latest survey from CareerBuilder? O M G! It’s like 8 out of every 10 people you see is living paycheck to paycheck. The 2019 government shutdown and the 2020 pandemic proved it! It’s devastating.

Don’t think you’re exempt from this money syndrome if you’re making over six figures. Research shows that 10% of workers making more than $100,000 admit they live paycheck to paycheck.

It’s time to put an end to this nonsense once and for all.

HOW TO STOP LIVING PAYCHECK TO PAYCHECK 

1. ALWAYS pay yourself first (yeah, before you pay those bothersome bills)

Keep some cash on hand for a rainy day and put some of your money in a high-yield savings account. You can go to bankrate.com to see their list of “high-yield” savings accounts or join The Wealthy Woman Investor to get a list of accounts that are paying more than your standard high-yield accounts.

2. Learn how to INVEST (you better multiply that money, girl!)

Grab your copy of Dividends Are a Queen’s Best Friend here to learn the game of investing and how you can earn an extra stream of income. It’s a female-friendly investing book that makes shopping at the stock market as simple as shopping at the mall. It was also ranked in the Top 100 Stock Market Investing Books on Amazon! If you want investing ideas to help you build a dividend portfolio that allows you to pay your bills, subscribe to The Dividend InvestHER.

3. Never depend on one source of income (where’s your passive income at?)

There are 7 streams of income you can have: Earned Income, Interest Income, Profit Income, Residual Income, Dividend Income, Rental Income, Capital Gains Income, and Royalty Income.

How many streams of income you have? Join The Wealthy Woman Investor if you want to gain access to more streams of income this year and never have to worry on one job to fund your lifestyle ever again.

4. Determine if your daily decisions are increasing or decreasing your net worth (is that cup of coffee from Starbucks really worth it?)

Your net worth is a sum of all the decisions you make. What decisions are you making? Are you investing in education that increases your net worth or wasting your money on expenses that increases someone else’s net worth. Join our NetWorth Challenge on Facebook.

5. Don’t give up your goods so easily (a “sale” shouldn’t be the only metric you use to determine if you should buy now or later.)

Here are the apps I use to get free food and clothes.

6. Upgrade your savings strategy (we’re in the digital age, honey. Schedule your bank transfers from your pay deposit account to online savings every time you get paid and get more money for your money.)

Invest your spare change using this app.

Then, do this save $6K in 6 Months challenge.

7. Track your change (every penny counts and you should know where every penny goes.)

I track some of my expenses on my blog to hold me accountable. Here’s my July 2020 Week 1 Expense Report. For all business expenses, I track that using QuickBooks Online. Let me know if you have any questions regarding that.

8. Stop trying to live like the Smiths (just because you can afford something doesn’t mean you should buy it.)

All you have to do is create another asset to pay for the additional things you want. If you need help getting started with this, join The Wealthy Woman Investor.

9. Find an Accountability Partner (whether it’s a friend, family member, or financial coach, find someone who wants you to succeed just as much as you do.)

Let me know when you’re ready to stop living paycheck to paycheck and start investing! I can’t wait to work with you. It’s time to help you build a stock portfolio that’s bigger than your shoe collection. Let’s go!

If you need financial coaching, send me an email at wealthywomendaily@gmail.com! Let’s put you on track to living your BEST life!

What are you most focused on now to prevent the paycheck to paycheck cycle? Let us know in the comments below!