Yesterday, I taught personal finance for 40 min to 6 students at Mission Valley College in Fremont. I started by asking their beliefs about money. Money buys one of the important asset we have, time. Money creates memories and happiness in a way that we do not have to waste time searching for it. To create money starts with saving. We cannot be filling in our garage with unnecessary goods. When we buy any goods or service, we have to ask ourselves the value it provides and do we really need them or we just want them.
Many retirees have to go back to a Mcjobs since they did not prioritize saving early. We only need to downsize our standard of living and do not over spend. In our early working life, we can take a bus if we can to save up for a used car. We can share a room for as long as we can before renting a bigger place. In the valley, it is cheaper to rent than to own a house. We need to upgrade our skills to increase our income. Reviewing our net income each quarter or even months to ensure that our assets are greater than our liabilities.
We need to save first, invest and then spend in this order. Ask ourselves the added value of buying goods and if we cannot afford it, we do not buy. Stay away from shopping malls or do not bring more money when some of these money are already allocated for daily needs. Do not carry any credit cards, use one for gas purpose only.
We can start opening our wealth accumulation fund, from a different bank or institution from where we bank. And allocate at least 10% of our savings each month, automatically deposited to this account.
Please share your money saving tips or personal finance tips to our young generation via email motherhealth@gmail.com
Contact Connie to start your wealth accumulation account via an EFT each month. 408-854-1883
Published by connie dello buono
Connie Dello Buono is based in Sunnyvale California. Her first ebook is about women's health, Birthing Ways Healing Ways and her recent one is about cancer prevention, Curated Healing Ways. She had helped women have holistic childbirth as childbirth educator, founded Motherhealth, to serve seniors in the bay area with holistic caregivers and blogs at www.clubalthea.com with more than 10,000 health and finance related posts.
Connie trains her own caregivers, which are the favorites of most bay area seniors who are home bound and alone.
She is active in the rehab and nursing facilities, volunteering on music and movement for seniors.
She is a member of Lion's club and offered scholarships to students in the Philippines.
She is active at churchinsunnyvale.us and has Fridays Bible home study in Sunnyvale using the recovery version of the Bible , free at biblesforamerica.us
She loves dancing and teaching and her courses can be found at
https://teachclub.com/@thriveafter60
She is California Life Insurance licensed providing life insurance for older adults with health issues and helping women retire safely with income for life.
at menloassetca.com , she helps with 401k rollover.
3 Benefit plans
- Mortgage protection using term life insurance to pay for mortgage balance in event of death
- Final Expense plan using Single Issue Whole Life Insurance, with cash back, disability benefit and guaranteed in the presence of health issues
- Fixed Index Annuity retirement plan for safe, accessibility, less fees, less taxes, avoids probate as it goes directly to beneficiaries, rate of return with no downside market participation.
She brings compassion and understanding to the needs of her clients, bringing holistic approach in health and life insurance. Her goal is to free families from worries especially during covid with caregivers and life insurance in the presence of health issues, especially for women.
She can be reached at 408-854-1883 , motherhealth@gmail.com
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Reblogged this on Full of Life Community.