If you’re like me, you have a side hustle or part time business along with your full time job. That’s just how it is for now. But we don’t complain because everything we’re doing is for a greater purpose.
And greater purpose or not, that doesn’t mean we’re not vigil about our future. Hell, that’s why we’re doing what we’re doing — the 9 to 5 for some employer and the 5 to 9 for ourselves.
But we should never neglect investing. And not just in ourselves, but actually building a portfolio. I have a 401k account with my employer and it’s doing what it’s doing right now given the market. But I also have spread my eggs elsewhere. I have a couple savings accounts and one of those robo-investment accounts.
I’m not quietly sitting on a million dollars, although that’d be nice, but I do have a cushion here or there should an emergency arise. And I have monies saved away for future endeavors. As a smart 21st century woman should. Because ladies, we don’t just invest in the stale employers 401k plan. We do, because if it’s a decent one, then we get some kind of match from our employer. But we invest elsewhere as well to control our future. I want to decide what kind of home we’ll buy and where because we saved for it. We’ll decide how big our busienss grows because we saved away for it.
When it comes to our money, we gotta look beyond what they’re presenting us and see what else we can do. After all, we don’t work this hard for anyone but ourselves.
How are you investing your hard earned money?
Since it’s still early January and many people are making promises and resolutions to themselves on how they’re going to do better this year, I want to continue to talk about money.
Because, let’s be honest here, it is the catalyst to anything we want to do in our lives. From going to the grocery store to take a week long vacation in another country. Money is how we get there. And I don’t care how you come across money, you’re still going to need. Whether you work for it or someone gives it to you, money, money money.
I promise you, I’m not obsessed. I’m conscious. I am conscious of the tool money and how it plays in our lives. More importantly, how we allow it to play in our lives. So, let’s start of this year right.
Let’s set some money goals. And we’ll do this together.
Here, I’ll tell you mine for 2019:
- I want to save $1,000 for my Chase Savings account. Chase, like many of the other big banks, aren’t paying anything in the way of interest. But I’m not saving this grand for the interest, but rather for immediate access. For an emergency.
- I want to earn a minimum of $2,000 for the notary this business this year. I had a pretty good year last year with my notary business as a part time venture. It definitely has pay for itself a few times over, but now. I want to take it up a notch.
- And, I want to add an additional $1,000 to my dream home fund. Started this a couple of years and have successfully saved over $2,500. It’s not much in the way of buying a home, especially here in LA, but you know what they say about taking on something. You gotta start somewhere.
So, all in all, I am looking to save and/or earn an additional $4,000 this year. Ambitious? A little a bit. It just means I’ll have to be more creative than I’ve been in the past to get to where I want to be. Hence, that’s why I hustle.
So, what are you money goals for 2019? I’d love to hear them.