So you got a promotion and a FAT raise, now what?
First of all, congratulations! You must be kicking butt at this work thing and you should feel really good about your accomplishment.
So celebrate a little.
But don’t buy anything you’ll still be paying for after this amazing feeling wanes.
And it will wane quicker than you think. Our emotions revert to our baseline quickly–both after good events and bad.
Celebrate with people who love to celebrate YOU. Have a special meal, spend a bit extra on your drink of choice, maybe go away for the weekend. Make it special.
But don’t go crazy. Because your real test after a promotion, isn’t whether you can succeed in your new role–obviously you can. Your real test is how much of that FAT raise you can use to create the future you want for yourself.
So once you wipe that smile off your face? What do you do? Continue reading “You Got a FAT Raise, Now What?”
Life is busy, I get it. The last thing you need is one more thing on your to do list.
Mastering your finances seems really time consuming and complicated. I tried to simplify it as much as I could for you but it ended up being 12 steps to a kick a$$ life. And those 12 steps didn’t include some really important things that help us move through the steps more quickly like figuring out your why and tracking your net worth. And it didn’t include things like making a will and getting life insurance which are critical if anyone depends on your income or in-home work.
If I had to pick one thing to have everyone do (after getting life insurance*) it would be to calculate your net worth. Your net worth is like a business’s balance sheet. What you own minus what you owe. Calculating my net worth kept my eye on the prize and was my secret weapon to achieving early retirement. Once you start tracking it, your mind automatically thinks differently about earning and spending decisions–you want your net worth to go up each month.
Net Worth = What I Own – What I Owe Continue reading “If You Can Only Do One Thing”
How should you balance your different financial goals? Should you save for retirement before your credit cards are paid off? How about student loans? I thought it might help to talk about the steps to reach financial independence.
Want to accelerate your progress through these steps??? Calculate your net worth regularly and track your spending. And to stay on track with these steps, you have to figure out your why. Otherwise, it will be way to easy to start chasing the next shiny object rather than keeping your eye on the prize that matters most to you.
Ok here they are, Ms. Liz’s steps to a Kick A$$ Life: Continue reading “12 Steps To A Kick A$$ Life”