Family Wealth Partners

Headed into the holidays is the perfect time to start good money habits. Here are a few ways to start that now!
1. Contribution percentage
2. Say it out loud
3. Write down your goals
4. Get advice

Good money habits Simple ways to strengthen your financial future How long does it take to form a habit?

Today's Tip

Be Willing to Make Sacrifices

Reaching financial freedom isn’t easy. If it were easy, everyone would do it. Unfortunately, sometimes you have to make sacrifices for the things that are important to you.

If you really want to retire early, there are some sacrifices you can make to give yourself a much better chance.
1. Housing - The most significant expense for most individuals and families is housing. If you’re willing to make a sacrifice here, you can save a lot of money and grow your investment portfolio faster. For example, you might choose to live in a smaller home or a neighborhood with lower property values to cut back on housing costs.

2. Cars - Most Americans borrow money to purchase a car, and monthly car payments are assumed to be a line item in most budgets today. However, spending less on a vehicle and paying cash is one of the best things you can do if you want to maximize savings.

Today's Tip!

Plan For A Retirement Side Hustle

Most people who choose to retire early do not completely retire from all work. Having something on the side is ideal for generating some money, so you’re not drawing down your investment balances so fast.

Some great options are:
Consulting
Depending on the type of work you did during your career, you may be able to leverage that experience!

Freelancing
You could offer many services as a freelancer like writing, editing, proofreading, design, coding, and more.

Taking Online Surveys
This may not be a long term idea, but it is great to make some extra money in your spare time. You can use sites like:
Swagbucks
Survey Ju**ie
Zap Surveys
Reward Survey

Dog Walking And Pet Sitting
Rover is an excellent app for connecting with pet owners.

Today's Tip!

> Focus On Maximizing Your Income

Ok. So just how do you do that? While frugal living and making the most of the money you have is essential, increasing your income can also be extremely powerful. Unfortunately, there are only so many different ways you can cut costs and reduce your living expense. At some point, you either run out of ways to save more, or the amount that you save from new changes becomes minimal. However, you can always make more money. Here are a few ways you could maximize your income.

1. Start a Blog
2. Start a YouTube Channel
3. Become a Virtual Assistant

And visit https://www.biblemoneymatters.com/tips-for-pursuing-financial-independence-early-retirement/ #8-focus-on-maximizing-your-income for more details.