🎯 Financial literacy allows you to make smart decisions with your money
🎯 Here are items that indicate financial literacy and can be a guide to what you need to improve on
1️⃣ You do more than the minimum: If you have debt, you pay off more than the minimum each month to accelerate debt repayment and reduce the interest you pay. You also regularly max out your retirement investment accounts
2️⃣ You understand your investments: You are an informed investor who understands how your investments will make money, associated fees, specific risks, and liquidity
3️⃣ You get the link between inflation & income: If your income rises in tandem with inflation, then you have the same purchasing power as you did in the past. An increase in income doesn't mean you should spend more.
4️⃣ Your money is diversified: This ensures that a failure in one area will not cause a total loss to your entire portfolio
5️⃣ You spend less than you earn: Like eating fewer calories than you burn is an adage for losing weight, the secret to wealth is spending less than you earn.
6️⃣ You pay nothing or very little in fees: You always pay off bills and credit card balances in full and on time to avoid any penalties.
7️⃣ You have a budget and stick to it: To keep track of your finances, you keep a budget and know how much comes in and how much goes out
8️⃣ You have multiple streams of income: Having multiple sources of income means that you are not totally out if one of them dries up. It also accelerates your ability to achieve financial goals sooner.
🎯 What areas do you need to focus on to increase your money savvy over time?
🌐 www.anthonydoty.com
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How to Gain Real Wealth & Peace of Mind 🌟 #shorts
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Budget friendly self care swaps! This is so needed for me today 🧘🏻♀️☕️🧖🏼♀️
🌐 www.anthonydoty.com
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If you HAD to pick one... which would it be?!
🌐 www.anthonydoty.com
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Hey, everyone! I want to share a personal story with you that taught me some important lessons about credit and financial management. 😬
Recently, I lost $23,000 in available credit overnight with the X1 Card. Waking up to find out that a massive portion of my credit limit had disappeared was a shock, to say the least! This sudden reduction really got me thinking about how credit limits can impact our financial health—especially when we least expect it.
💳 What Happened:
The X1 Card issuer decided to lower my limit without warning, likely due to changes in my credit score or spending patterns. While it didn’t leave me with a major financial issue, it did have an immediate impact on my credit utilization, which can affect my credit score if not managed properly.
⚠️ Why It Matters:
Credit limit reductions like this can catch you off guard, especially if you rely heavily on one card. It’s a reminder to always monitor your credit and be prepared for changes.
💡 What You Can Do to ...
Hey WealthWithDoty family, I wanted to share my incredible journey with you all. Before meeting Holly, I was struggling with multiple businesses and no clear direction. But thanks to her amazing coaching and the AIM methodology, I've transformed my approach and regained my focus.
Check out video here:
If you're feeling stuck or need guidance, I highly recommend connecting with Holly. She can make a real difference in your journey, just like she did in mine! 🙌
🔗 Connect with Holly > https://Links.Anthonydoty.com/s/Holly
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Which of these financial tips do you apply?
🌐 www.anthonydoty.com
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