I walked into a bank (yes, I’m from the stone age and I still go to banks) and what I saw blew my mind.
The teller grabbed my ID to proceed with the transaction as I stopped and stared at a custom made button pinned close to her heart.
She looked up and caught me staring (a bit creepy, right?).
At that moment, I felt like I had 0.2 seconds to translate my confused look into words or look like a big creeper.
Me: Oh wow. Does everyone have a button like yours?
Bank Teller: Well we all have a button. But each button is customized to display your individual savings goals.
Me: Very creative! So does your button say that you are saving for shopping?
The teller releases a light chuckle and puts her head slightly down.
Bank Teller: Well shopping can be for anything. You can shop for a home, a car, a ….
Me: Or investments.
Bank Teller: Yes, you’re right. But I don’t know anything about investing.
I let out a slight chuckle because I couldn’t help but think about how many women have been brainwashed to spend all of their money on luxury liabilities.
It’s even more astounding to see that we have more women working for top tier institutions but these women have no idea about how to build short and long-term assets instead of lusting over liabilities. On top of that, many of us have no idea how the banking industry really works. So we spend without thought and work without purpose because we want to feel desires that have been born in us by the prevailing propaganda in society.
Then another thought quickly flashed through my mind as the teller started counting my money, “Is this what most women do with their year-end bonus? Do they give it all away?”
Well if I want to be completely honest, it’s exactly what I did when I was a young middle class american working for one of the top financial institutions in the world. I shopped for the most glamorous pageant dresses, loaded my closets with shoes fit for a queen, and saved for the most breath-taking trips around the world.
Now that would have been all fine and dandy if I would have allocated a portion of my money to investing. Investing is the idea of using your money to make more money. It’s about allowing your money to work for you.
If only I knew then what I know now…
You end up buying everything in sight when you become boogie with your year-end bonus. And the economy loves you. But trust me, your pockets won’t love what you’re doing when you realized you’ve spent thousands of dollars on millions of possessions that won’t allow you to live the life of your dreams.
So if you’re ready to go from boogie to brilliant, here’s what you should consider doing with your year end investment:
Build Your Personal Brand and Balance Sheet
What are you working for? If you are working just to pay the bills, that seems like a miserable lifestyle to have. This puts someone else in control of your destiny .
Start working to build your personal brand and balance sheet. Immerse yourself in learning activities that will give you a sexy return on investment. Time is money and you want to make sure you are allocating your time to activities that will advance your life and give you the means to contribute to your community.
Ask yourself these questions:
- What do I need to learn or know in order to achieve my goals?
- What skills do I need to became a thought leader and expert in my industry?
- Who are people that I admire? What is the best training or coaching that I should invest in to make my dreams come true.
Become an Investor
If you never learn how to multiply your money, you’ll always lose. You’ll end up working more and saving less.
Stop working so hard and start working smart.
Become an investor. Learn how to get lazy income. Did you know that people who participate in dividend investing are taxed less than people who get up every morning to work a job? Think about it. How do you make your money? Is it the smartest model for you?
Reevaluate your spending. Instead of using all of your money to shop for clothes, you could research the companies who are making your clothes and invest in them. That’s one way to benefit from shopping at your favorite clothes if you truly believe in the company and their ability to withstand any economic collapses.
Want to learn how to invest? Email me at blackcoupletravels@gmail.com to attend an upcoming webinar about cryptocurrency and stock market investing. We also teach you how to build your personal balance sheet.
Legally Reduce Your Taxes
Taxes are the biggest expense for most americans.
If you didn’t have taxes, you would have a bigger bonus.
When it comes to taxes, your goal is to find a way to reduce your tax bills through a few strategic moves that the wealthy uses. It can be done via passive income streams, portfolio income, dividend investing, retirement accounts, entrepreneurship, and other tax loopholes that the wealthy use to pay less in taxes than you do.
Need help? Email me for a career or financial strategy at charlene@charlenerhinehart.com.
Bio
After becoming the first Certified Public Accountant to win the title of Ms. Corporate America 2015 in a pageant held in Orlando, Fl, Charlene created the Career Goddess Academy. She shares her money, health, travel, and career advice all over the web as a contributor for the Huffington Post, Black Enterprise, The Path Mag, Women on Business, Ms. Career Girl, and other sites. In 2015, she was recognized as the Illinois CPA Young Professional Leader of the Year.
Charlene now works on the set of the most popular TV shows, including EMPIRE, Chicago PD, Chicago Med and Chicago Fire.
Do you need a guest speaker? Contact Charlene at charlene@charlenerhinehart.com.