KaaGee Money Michael Mante

Personal Finance 101 is a great place to start for anyone looking to manage their money effectively. Here are some key concepts to cover:



1. Budgeting: Track income and expenses to understand where your money goes.



2. 50/30/20 Rule: Allocate 50% towards necessities, 30% towards discretionary spending, and 20% towards saving and debt repayment.



3. Emergency Fund: Save 3-6 months' worth of expenses for unexpected events.



4. Debt Management: Prioritize high-interest debt and pay it off strategically.



5. Saving: Set goals for short-term and long-term savings, like retirement.



6. Investing: Explore low-cost index funds or ETFs for long-term growth.



7. Credit Score: Understand how credit reports and scores impact loan rates and approvals.



8. Insurance: Consider health, life, disability, and property insurance for protection.



9. Taxes: Learn about deductions, credits, and tax-advantaged accounts like 401(k) or IRA.



10. Financial Goals: Set specific, achievable goals, like buying a home or funding education expenses.



Personal finance is a journey. Start with small steps, and gradually build healthy habits to achieve financial stability and success!


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Here are the top 10 side hustles:



1. Freelancing: Offer your skills to clients on freelancing platforms like Upwork, Fiverr, or Freelancer.



2. Online Tutoring: Use online platforms like TutorMe, Chegg, or Varsity Tutors to offer your teaching services.



3. Selling Products Online: Utilize e-commerce platforms like Amazon, Etsy, or eBay to sell products.



4. Ride-Sharing: Drive for companies like Uber or Lyft to earn money by transporting passengers.



5. Food Delivery: Work as a delivery driver for food delivery services like GrubHub, UberEats, or DoorDash.



6. Pet-Sitting: Offer pet care services through platforms like Rover or (link unavailable)



7. House-Sitting: Offer house-sitting services for homeowners who need someone to watch their property.



8. Affiliate Marketing: Promote products or services and earn a commission for each sale made through your unique referral link.



9. Selling Stock Photos: Use platforms like Shutterstock, iStock, or Adobe Stock to sell your photos.



10. Delivery Work: Sign up with companies like Amazon Flex, UberRUSH, or Postmates to make deliveries and earn money.



These are just a few ideas, and there are many other opportunities to explore. Find a side hustle that aligns with your interests and skills!


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Here are the 10 key takeaways from "Think and Grow Rich"



- The power of the subconscious mind: One's subconscious mind can either hinder or help achieve one's goals, so it is crucial to tap into it to develop self-belief and achieve what one desires.



- Achievement begins with desire: One must have a singular, burning desire to accomplish something and a concrete plan for how to do it.



- Why do you want to be rich?: One must be clear on how much money one wants, what one wants the money for and by when.



- The success principles of thinking and growing rich: Plan how to achieve one's goals, influence oneself, grow self-awareness, stay positive and persist and endure.



- Get to work!: One must take action and apply the principles in one's own life.



- Invest in mastermind groups: One must surround oneself with like-minded people to stay accountable, be cheered on and tap into their skills and perspectives.



- Practice stubbornness: One must be persistent in pursuing one's goals and not change one's mind just because someone said something negative or one ran into an obstacle.



- Don't be afraid of failure: One must learn to trust one's judgment, keep one's counsel and make concrete decisions for one's growth.



- Have a positive mindset: One must have the right mindset to achieve one's goals and overcome barriers.



- The power of belief: One must have unwavering belief in oneself and in the attainment of one's goals to achieve success.


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Here are 10 lessons from "12 Months to $1 Million" by Ryan Moran:



1. Set clear and ambitious goals: Define what $1 million means to you and set specific, measurable targets.



2. Identify your high-leverage activities: Focus on tasks that drive the greatest results and outsource or eliminate the rest.



3. Build a million-dollar network: Surround yourself with successful people who can offer guidance, support, and connections.



4. Develop a growth mindset: Embrace lifelong learning, embrace failure, and continuously improve your skills and knowledge.



5. Create multiple income streams: Diversify your revenue sources to reduce financial risk and increase earning potential.



6. Take massive action: Set ambitious goals and take bold, consistent action towards achieving them.



7. Focus on solving problems: Identify real problems and create solutions that generate revenue.



8. Leverage other people's time and money: Collaborate with others and utilize resources to amplify your results.



9. Embrace failure and learn from mistakes: View failure as an opportunity to learn and improve.



10. Stay focused and disciplined: Maintain a consistent routine and avoid distractions to achieve your goals.



These lessons provide a comprehensive guide to achieving rapid financial success, emphasizing the importance of goal-setting, strategic focus, networking, diversification, continuous improvement, and bold action.


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Here are 5 key takeaways from "Financial Freedom" by Grant Sabatier - *One’s ability to make money is limitless, one’s time is not*: Sabatier emphasizes that while one's earning potential is unlimited, time is a finite resource.- *Question popular money advice*: Sabatier challenges conventional wisdom on money, work, and retirement, encouraging readers to think critically and question outdated or incomplete advice.- *The key to fast-tracking financial freedom is to speed up compounding*: Sabatier advises making and investing money as early and frequently as possible to accelerate financial growth.- *Your “number” is how much money you will need to achieve your own financial freedom*: Sabatier encourages readers to calculate their individual financial independence number to plan and execute achieving it.- *Don’t defer your dreams into the future*: Sabatier advises readers to prioritize their goals and dreams, rather than putting them off until retirement or some other future point.Here are ten lessons from Grant Sabatier's book "Financial Freedom" - *How Much Money You Need*: Learn how to calculate how much money you'll need to last for the rest of your life.- *Make More Money in Less Time*: Learn how to make more money in your full-time job and by building a profitable side hustle.- *Save Money Easily*: Learn how to save more money than you ever thought possible without giving up the things you love.- *Live For Free*: It's never been easier in history to live for free anywhere in the world.- *Make Money in Your Sleep*: Learn how to invest for your short and long term goals.- *Simple Daily Habits*: Learn the daily habits and tools to accelerate your financial freedom.- *Protect and Grow Existing Assets*: Protect and grow your existing assets.- *Understand and Manage Finances*: Understand and manage your own finances.- *Increase Income*: Increase your income without adding a ton of extra hours and work.- *Retire Early*: You need less money to "retire" at age 30 than you do at age 65.


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A Last Will and Testament (Will) is a legal document that ensures your wishes are carried out after your death. Here are some reasons why you need a Will:

 

1. Control over asset distribution: A Will allows you to decide how your assets, property, and possessions will be distributed among your loved ones.

 

2. Appoint an executor: You can name an executor who will manage your estate and carry out the instructions in your Will.

 

3. Name beneficiaries: You can specify who will inherit your assets, including family members, friends, or charities.

 

4. Protect minor children: A Will allows you to appoint a guardian for your minor children, ensuring their care and well-being.

 

5. Avoid intestacy: Without a Will, your assets will be distributed according to state laws, which may not align with your wishes.

 

6. Reduce conflicts: A clear and valid Will can minimize disputes among family members and prevent costly legal battles.

 

7. Specify funeral wishes: You can include your funeral preferences and burial instructions in your Will.

 

8. Create trusts: A Will can establish trusts for tax efficiency, asset protection, or special needs planning.

 

9. Update beneficiaries: A Will ensures that your beneficiaries are up-to-date, reflecting changes in your life, such as divorce or remarriage.

 

10. Peace of mind: Having a Will in place can give you and your loved ones peace of mind, knowing that your wishes will be respected.

 

Remember, a Will is an essential document that ensures your final wishes are carried out. Consult with an attorney to create a valid and legally binding Will.

 


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