Tag: Money Management

Start Small: A Practical Guide to Tackling Debt

On By Naty MatosIn ThriveLeave a comment

On the path to financial freedom, the journey can often seem daunting. Nevertheless, starting small can lead to significant accomplishments. In this post, we explore the strategy of tackling debt by focusing on the smallest amounts first. This method provides a sense of achievement. It also builds momentum for larger financial goals. Make sure to check out the latest episode of Thrive by the Rising Muse for the full conversation.

The Power of Small Wins

Naty Matos shares a powerful insight: “Start small. You start with the smallest one. So if you owe $10,000 here, $5,000 there, but $2,000 here, try to finish that $2,000 one first.” This approach is not just about numbers. It’s about the psychological boost that comes from achieving a goal. No matter how small. By paying off the smallest debt first, you gain a sense of accomplishment and a feeling of progress. This fuels your motivation to tackle larger debts.

Building Momentum

Clear the smallest debt first. Then, redirect the funds that were allocated to it to the next debt. As Naty explains, “Then you move that hundred dollars to the next debt.” This snowball effect speeds up the debt repayment process. It also prevents burnout and discouragement. These are common pitfalls when facing large financial burdens.

A Sustainable Approach

The key to this strategy is sustainability. By focusing on small, manageable goals, you avoid the risk of burnout. As Naty points out, “If you get and start tackling the big one, you’re going to burn out.” This method ensures that you stay engaged and motivated throughout your financial journey.

Starting small doesn’t mean thinking small. It’s about creating a sustainable path to financial freedom, one step at a time. By focusing on the smallest debts first, you build confidence and momentum, setting the stage for tackling larger financial challenges. Remember, every small victory is a step closer to your ultimate goal of financial independence.

Subscribe now to our blog for more insights and strategies on achieving financial freedom. Let’s embark on this journey together! Also, click below for the full episode of Thrive by The Rising Muse

Mastering Money: The 15-Day Financial Challenge

On By Naty MatosIn Articles, Inspirational ThoughtsLeave a comment

Embarking on a journey towards financial stability and freedom might seem daunting. Where do you even begin? How do you navigate the maze of savings, investments, and expenses? Well, what if we told you that in just 15 days, you could have a clearer vision of your financial future? Welcome to the 15-Day Financial Challenge!

How to start?

Every successful journey starts with a clear direction. Today, choose your financial guiding principle. It could be as simple as “Spend Less Than You Earn” or as profound as “Invest in Knowledge.” This principle will be your North Star, guiding every financial decision you make over the next two weeks.

Why is this important? Because when you have a guiding principle, you are not just aimlessly moving money around. Instead, you are making intentional choices that align with your values and goals.

Let God Decide Your Financial Goals

While we make plans and set goals, it is essential to remember that sometimes, a higher power might have different plans for us. Surrendering our financial worries and goals to a higher force can provide clarity, peace, and unexpected opportunities.

Why Only 15 Days?

You might wonder, why just 15 days? Well, research shows that it takes about 21 days to form a habit. By dedicating 15 days solely to understanding and reshaping your financial habits, you are laying a robust foundation for long-term financial success.

Dive Deeper with “15 Day Challenge for a Stronger You!

If you are finding this challenge intriguing and are hungry for more insights, we have you covered! Our newly launched book, “15 Day Challenge for a Stronger You!,” delves deeper into mastering your finances, offering tips, strategies, and actionable steps to ensure you are on the right path.

Imagine a life where money is a tool, not a stressor. Where you have the freedom to make choices based on passion, not just paycheck. This dream is attainable, and the journey begins with a single step – or in this case, a 15-day challenge.

Are you ready to transform your financial worries into a clear plan of action? Join us in the 15-Day Financial Challenge and unlock the door to financial freedom. Your future self will thank you!

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*Take the leap. Embrace the challenge. Secure your financial future.

Money Truly Controls The World

On By Naty MatosIn Inspirational Thoughts1 Comment

I was driving the other day through a main street. Sitting in traffic all you can do is look around and see the businesses on both sides of the street and it had me thinking about the power that money has in our lives.

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We’ve heard say in Matthew 6:24 “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money” and I can almost hear readers saying that’s not me, because…insert your reason.

The recent economy changes have demonstrated the power that money has in our lives. Some people lost their jobs, or their hours were decreased. The health insurance premiums became higher. Some lost their residence or vehicles. Crime rates increased, especially around the holidays. This happens when people get desperate trying to provide, to obtain things the “easy way” or attempting to maintain their lifestyles.

Some people think that they don’t serve money because they don’t have much. Take that little away or even attempt and you will see a different side of the same person. In corporate America we see people, including Christians, gossiping, forming alliances, gathering Intel to secure their positions, gain favor with their bosses or even get to higher grounds without doing the work.

Some people say that they don’t serve money because they are charitable. The question is the motive behind the pocketscontribution. Is it to get a tax break, to get recognition within an organization (church or socially)? Do we give what’s left or what we have?

If we think about it most prayers are for provision: a car, a house, a job, a raise, the vacation I haven’t taken in a while.

As long as we are comfortable, we believe that we don’t serve money. When money is lacking, we realize how painful it is to be without it. Money is one of the main reasons for divorce. It’s the primary reason why friendships and partnerships break. It’s a reason to go to jail. It’s a reason why families fight and stop talking to each other.

Let’s start this year doing a real evaluation on our lives and being honest with ourselves on how much hold and power that master (money) has on our lives.

Until then,

Be blessed!

wealth