Family Wealth Partners

12/01/2021

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

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

11/25/2021

We hope you have a blessed Thanksgiving!

11/24/2021

Happy Thanksgiving!
Here are our team's favorite holiday traditions.

Our personal Thanksgiving traditions! How each one of our team members celebrates Thanksgiving with their own families.

11/23/2021

Our last tip!

Keep Your Options Open

The amount of money you need to retire comfortably has a lot to do with the cost of living in the area where you live. If you’re willing to move somewhere with a lower cost of living, your money will go much further.

Moving to a place with a lower cost of living is sometimes referred to as geographic arbitrage. It’s one of the best strategies you can use to reach financial independence faster.

11/17/2021

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.

11/11/2021

Honoring all those who served. Happy Veterans Day.

11/09/2021

Todays Tip!

Prioritize Your Health!

One of the biggest challenges for many people who want to retire early involves paying for health care. Most Americans have health insurance through their employer, and if you right before you’re able to go on Medicare, you’ll have some decisions to make.

There are options for retirees, including the marketplace and health share plans instead of traditional insurance. The better health you’re in, the easier these decisions will be and the lower expenses you’ll have in retirement. So start by taking care of your health now.

11/04/2021

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.

11/02/2021

Todays Tip!

Create Multiple Streams Of Income.

Part of maximizing your overall income involves creating multiple streams of income. Instead of relying on your full-time job for 100% of your income, it’s wise to work on making money in other ways as well. The possibilities include things like:

- Starting a side hustle
- Starting a part-time business
- Developing passive income
- Focusing on an investment plan that creates portfolio income

There are countless ways to make extra money on the side, and if you’re investing all of that extra money, it can have a massive impact on the growth of your portfolio. Some excellent passive income ideas allow you to generate money without a direct correlation to the number of hours you work.

For more, please read How to Develop Multiple Streams of Income.

https://www.biblemoneymatters.com/how-to-develop-multiple-streams-of-income/

10/29/2021

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.

10/26/2021

Todays Tip!

Maximize Your Retirement Contributions

Retirement accounts like 401(k)s and IRAs offer significant tax benefits, so it’s helpful to invest as much as possible into these accounts.

Does your employer offers a 401(k)? Are you taking advantage of it? Many employers will match employee contributions up to a certain amount. Those who are self-employed can consider a SEP IRA or individual 401(k).

10/21/2021

Today's Tip!

Develop Your Investment Plan

Reducing your expenses is key to reaching financial independence, but what you do with the money you save is equally essential. Investing can be an intimidating topic for many people, but it doesn’t need to be complicated. Keeping things simple is often the best approach.

To read more about ways to develop your investment plan check out https://www.biblemoneymatters.com/tips-for-pursuing-financial-independence-early-retirement/