The Holidays Are Overnow Back to the Plan

11 December, 2017

I took a break and hit on some Holiday topics, but let’s get back to our 7 step plan. To recap:
1. Save $1,000 in an emergency account as fast as you can. ($500 if you make less than $20,000 per year)
2. Pay off all of your debt except for the house (yes that includes the cars)
3. Increase your emergency account to 3-6 months worth of EXPENSES
4. Save 15% of your income for retirement
5. Start a college fund for your kids

And here we are at step 6: Pay off the mortgage. Imagine a life with no debt, roughly $10,000-20,000 in an emergency account. Your retirement is being funded so you can retire with dignity, you are preparing for your children’s future. Let’s make the final step and get rid of that nasty mortgage payment and look forward to a life free of debt….forever! You have freed up your income and should be able to put a good amount of money toward paying down the mortgage.
Why wait until step 6 you may ask? There are a lot of retired folks with a house that is paid for because time will usually do that. Statistically though, our retirees are not doing so well financially. ( for more info on this subject, see http://dollarsandsensemoneytips.wordpress.com/2013/12/09/what-do-your-golden-years-look-like/ )
So our goal is to retire with dignity, be debt free, leave our kids an inheritance and be able to do a lot of good with our money. Do things in order and with discipline, and your family tree can change!

**if you would like help along your financial journey, contact me at tim_parady@yahoo.com to schedule your private consultation**

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My name is Tim Parady and I am 36 years old. I was born in Connecticut, raised in Virginia, had a brief layover in Kansas which led me to Texas where I met my wife and best friend. We just celebrated 145years of marriage.
I have the best job in the world, which is to improve peoples lives. I teach people how to win in all areas of there money, which affects all areas of their lives.
78% of Americans live paycheck to paycheck, with no money in the bank and little knowledge of how to invest for their retirement. You can have a different future. You can win with money and I can show you how.
I am an independent Dave Ramsey Financial Coach,and Insurance Agent at Alkali Insurance and I am here to serve you. My goal is to provide knowledge and tools to change your life. To schedule an appointment to address your financial needs and goals, email me at tim_parady@yahoo.com

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