TAKING CHARGE OF YOUR MONEY

in 2018

The wealth gap between the haves and the have-nots in this country continues to widen. We are fast approaching a new year. Do we continue using the same kind of thinking and actions in the new year that has prevented us from living debt-free and creating wealth?

Do we continue feeding our minds with chaos such as reality television shows that teach us that behaving badly is okay, movies that teach our children how to become the next jack a** stars, or shows that teach our daughters that being a bad girl is cool? Do we continue spending billions of dollars on violent video games that seem to sap our children of creativity, respect and patients?

Do we continue to stand in long lines on Black Friday to spend borrowed money? Do we continue creating debt that will take us years to repay? Do we continue putting on a happy face pretending that life is great? Will we spend another year thinking of reasons not to take charge of our financial situation? Will we spend another year helping to create additional wealth for the haves?

It is time for us to take charge of our money, reduce our debt and start paying ourselves.



Lucille Tyler Baldwin

How to Turn $1.37 into $33,000 for your New Baby!

     If you were not born with a silver spoon in your mouth you will need to get a little creative when it comes to your financial choices. The good news is that your income has less to do with creating wealth than what you do with your income.

     Most of us have a favorite snack or we drink a few cups of coffee a day. By sacrificing one snack or drink a day you can start creating a financial foundation for your new baby. If you eliminate one snack or drink a day and throw $1.37 into a jar - at the end of the year you will have $500.00. You can take that $500.00 and purchase a $1,000.00 savings bond for your child.  Follow this routine every year for 25 years.
    
     For every person (grandmother, grandfather, dad, mom) in the child’s life that makes the sacrifice your child will have a face value of $17,000 in bonds by the age of 17.  By the age of 17 the first bond will mature and be worth $1,000.00, you can now take the $1,000.00 bonds for the next eight years and purchase bonds with a face value of $2,000.00 each year- When that set of bonds matures they will be worth $16,000.00.

Continue this method until your child is 25 years old -- the future value of the bonds will be a little more than $33,000.00. That’s for “each” person in the child’s life that puts away $1.37 a day.

It may seem like a lot of work - but - is giving your child(ren) a financial head start worth a little creative work?

Freedom from Debt on a Modest Income

     I've lived with debt and I've lived debt free - trust me living debt free is a whole lot better.  The first step to becoming debt free is convincing yourself that it is possible.  Close your eyes and imagine life without a mailbox full of bills: no monthly car note, no credit card debt, no loans, no monthly payments for furniture, no gas card, no student loans, no retail accounts, etc,.  The greatest thrill of all: no bill collectors calling!


     I worked retail most of my adult life and earned a modest income.  Because of a lack of information I struggled with debt for decades and only recently became debt free (about 5 years).  I taught myself how to live debt free.  Financial information gave me the power to make better choices.  If I can become debt free earning a modest income, you can do it.   Becoming debt free does take work, but your life can only change if you take action.