Do You Wanna Be On Top?

Do You Wanna Be On Top? Do you have what it takes to be America's Next Millionairess?

    One of my favorite sayings though it may be cliche is, "If walks like a duck, quacks like a duck, and looks like a duck, it is more than likely a duck"  What I'm trying to say is if you want to be a millionairess (or millionaire for my male readers) you have to walk, talk, and act like one.  Each day should be full of the neccesary steps it takes to get you to the goal of becoming a millionairess.  Here are a few simple steps to improve your chances of reaching your goal:

1. Dress for where you want to be, not where you are.  Your position in life is not a good reason to misrepresent your goals.  It is important that you look your best at all times.  If you met the person who could poossibly help to catapult you into the world of wealth and business would he or she give you the opportunity to represent them?  You have to be prepared at all to usurp your future

2.  Represent yourself in the light that you want portrayed at all times.  I along with most of my readers are still relatively young and at times we can be more concerned with careless fun than the image that we are showing the world.  First impressions are not the only ones that last, bad impressions stick too.  The way you choose to earn your millions is what you should manifest from yourself at all times.

3. Base all of you decisions today on your hopes for the future.  Be concious at all times of every choice you make whether it is what you spend your money on or where you choose to work.  The future should always be in mind when making any adjustment in your life whether small or big.

4.  Surround yourself with like minded people.  You should be networking with people who have similar goals and interest as you.  It is this circle that will help you achieve your goal and assist you on your journey to the millions.  Two heads are better than one but if one of those heads are not on the same page as the other he/she can only be cancerous.

5.  Start building your empire today.  As bad as it sounds keep money on your mind.... everyday in your head you should hear, "somethin, somethin, somethin, STACK THAT CHEESE".  Network, create business plans, keep yourself financially savvy, and consult with investors.  It is never to early to begin your journey.

GET ON TOP!! Be America's Next Millionairess.... Start today, live and breath success and fortune at all times....

PEACE, LOVE, & MONEY,
~The Future Millionairess

"Make Money Work For You" From A Future Millionaire

Okay Future Millionairess I have not been consistent AT ALL! I've just been out here trying to prepare for what may be the biggest step toward my personal millions!!  BUT as always the dependable AND timely Mr. Jones has come through with yet another MONEY MODAY! Check it out and don't worry I will be back on track this week.... Hugs Kisses and Dollars.

MAKE MONEY WORK FOR YOU

To start off this Money Monday, you have to understand the millionaire mindset. Wealthy people don’t work to make money; they make money work for them. Money is simply a means to accomplish an end; it is a tool to be used for whatever your goals are in life. Just like any other tool, it best accomplishes that goal when you are using it right, making it work most efficiently.

When it comes to making your money work for you at this stage in life, there are three key areas to start with:

1. Making serious spending cuts: Last week I told you to make a budget and begin keeping track of expenses. In order to make your money work, you have to take control of those expenses. We waste so much money on convenience and spoiling ourselves, but becoming aware of these financial hemorrhages can stop the bleeding. Whatever your top 3 expenses are, decrease them by just 10% every two weeks for two months. This gradual decrease should not be hard, but it will take discipline. Keep track of your progress and reward yourself for it.

2. Earning a healthy return on every dollar: We also talked about saving last month, which can be different from investing. Wealthy people don’t just save; they invest. Don’t get ahead of yourself though; I’m not referring to stocks and bonds at this point. The goal of investing is getting a return on the investment (i.e. how much money can this $1 make me). The best return that you can get right now is to pay off any debt, specifically credit cards. Consider this, most credit card interest rates are between 13-25% annually, meaning for every dollar you have on your balance, a year from now, you will owe $1.13-1.25. If you pay that dollar today, you have essentially made yourself $.13-.25 without any of the inherent risk and research that comes with trying to get that level of return in the stock market. Once your credit card is paid off, maybe in a future Money Monday, we can discuss more advanced methods of investment.

3. Improving and maintaining credit: Now bear with me on this one, because I know I just told you to pay off your credit cards. However, one of the most important things that you can do to build your credit score is to spend on your credit cards. First understand that card companies make money off the interest you pay, but their biggest revenue source is the stores and restaurants that have to pay Visa or American Express every time you swipe your card. The more you swipe, the more money you make for the card company, and the more they will reward you. These rewards (from personal experience) include free flights, lower interest rates, and higher spending limits. The trick is to use the cards for recurring expenses (cell phone bills, gassing the car, groceries), and PAY THEM OFF IMMEDIATELY. Interest is charged after a balance has been on the card for a month, so if you buy $200 of groceries with your credit card and pay $200 within a month, you will not be charged any interest for the purchase. This will build your relationship with the card company and also improve your credit score. (Keep in mind that its still best to use cash for those miscellaneous expenses that can often add up).

Those are three quick tips that should get your hard earned money to start working hard earning you more money. Please comment if you have any questions about any of these or last weeks tips, maybe your question will get me invited back to write another Money Monday!

Until then, remember, money is only as valuable as what you spend it on.

Andrew B. Jones

Thank You Mr. Jones!!!

"Take Control of Your Finances" from a Future Millionaire

Ok Future Millionairesses keep your  composure we have an eligible Future Millionaire in the building.  Mr. Andrew B. Jones is a highly intelligent and financially savvy gentleman who will be joining us on Mondays for our Money Monday portion of "The Future Millionairess Diaries".  Please pay close attention to his advice.  With his help you can be on your way to attaining, sustaining, and maintaining your wealth.

~ Future Millionairess
 
 

"He's not a Businessman, he's a Business Man"

 
 
Take control of your finances

Today’s Money Monday session is focused on tangible steps that you can take now to build habits for your millionairess days. There are several things to note before I begin. First, the habits that you have now are the habits that you will have for the rest of your life, if you do not work deliberately to change them. This applies to good and bad habits. Secondly, the same strategies that will make you millions are the ONLY ways to keep your millions, abandoning them once you “make it” will send you right back down with the thousandairesses. Lastly, the millionairess lifestyle and responsibilities should begin long before the millions are in your account.

Ok, let’s dive into a few quick Money Monday tips to shorten your trip to millions:

1. Make a budget: You should have a WRITTEN document with how much you plan to make, spend, and save each month. Start with how much you have in your account, add what you plan to make, subtract what you plan to spend. More importantly, stick to your budget. Make allowances for miscellaneous and unexpected expenses, so you will have no reason to spend a dime that isn’t planned for on your budget. If you are constantly going over-budget on something, change the budget so it is more realistic, so your budget is reasonable for your lifestyle. (Microsoft Excel and Apple’s app iXpense are the two programs I use to keep track of my budget)
2. Separate your money: You should have at least 3 bank accounts (Checking, Active Savings, Passive Savings.) Checking accounts are for the daily expenses and transactions of life. Use them as the main account for everything you do. Active savings is a percentage of your income that you transfer to a separate account to save up for something imminent (Spring Break, Louis Spring Collection, a birthday shopping spree). Be careful, as this is where you will pull from in an unexpected cash emergency, like a car repair or DC ticket. Passive savings should be the SAME percentage of your income as active savings, and this is money that is NEVER touched. This is money you are saving for a capital investment (house down payment, business incorporation, etc.) Passive savings is the most important of the three accounts, because it is the culmination of everything you have saved for the future, not just what you’re using for the here and now. 
3. Use cash: A helpful if not inconvenient way to keep track of money spent is to use cash (that stuff we had before we got debit cards.) You’d be surprised how quick an account can be drained if you just swipe your card every time you purchase something. Those Starbuck’s trips add up quickly. Instead, take out a fixed amount at the start of every week and try to make it that week without having to take out more cash or swipe your card. If you’re really aggressive, you will stop carrying your debit card around. When you find yourself back at the ATM on Tuesday, it will hit home how much you are actually spending each week.

That’s all for now, I will be back next Money Monday with a few more tips, including:

1.  Making serious spending cuts
2. Making your money work
3. Improving and maintaining credit

Andrew B. Jones