Financial Consulting
Learn Money Management, Investing, Financial Literacy and More.
Welcome to Financial Gregory’s website. I teach how to manage your money, investing, financial literacy and more.
Learn How to Become Financially Literate
Invest your time, money and energy into assets and things that benefit you or other people. Put your money into assets and reduce your liabilities. Learn how to budget your money, without budgeting it’s impossible to become financially free. You need to see the big picture and invest in the long run not short term. Keep thriving where you are and know you can achieve greatness.
Learn how to allocate your money
Everybody has some type of money they make so the money that you do have, how do you manage it? Do you spend all of it? do you spend more than you make? Do you spend less than you make? You want to spend less than you make and you want to allocate the money that you have left into things that make you more money or saving it.
Keep in Mind the Average American is in Debt.
You want to minimize your debts and invest in assets. 77% of American households are in debt. One of the main problems is people think that you need more money to pull yourself out of a hole, what you need is to stop digging. The problem is we go into debt on things that are liabilities and that we can’t pay off on time at times and the interest is atrocious.
Managing your Money can Save Your Financial Future.
If you just stopped and thought about how many times you’ve eaten out in the past couple years and then thought how much that actually cost then you would reconsider eating out so much. One of the main problems is that we buy liabilities that we think are assets. Cars, clothes, jewelry even houses are liabilities. They don’t put money into your pocket.
Assets versus Liabilities
Assets are something that puts money into your pocket, liabilities are something that takes money out of your pocket. You have to invest in assets, not liabilities. If your money goes into cars, clothes, jewelry and homes that you’re just living in then you’re not investing in assets, those are liabilities. They are depreciating assets, liabilities.
You have to have a Game Plan
You have to manage your money so that you allocate some money to investing and savings along with having money to spend still. The best plan I follow is the 70-20-10 rule. What I do first is I take my income that I get monthly or weekly and I subtract bills and taxes from it. Once I subtract the bills and taxes I’m left with a number of my income for that week or month. Then I take 70% of that number and that’s my spending on everyday purchases. 20% goes to investing or paying off debt. 10% goes to savings. That’s how you should allocate your money or other ways like that, there’s the 75-15-10 rule and also 50-30-20 rule. The basic principles applies for them too.
If you’re investing, it’s best for the long run. Short-term investors fall short.
Now what?
I can tell you’re excited to start your financial Journey, I can tell you’re going to do just great. If you’d like you can contact me and set up a consultation to where we can go over your finances, we can manage your money and allocate it into certain assets and reduce liabilities. I can teach you financial literacy and help you become financially free and independent so that you can free yourself from the rat race and help yourself, your family and friends. Let’s do this together. Contact me today at Financial Gregory. You can also check out the blog page for free content which I will post alot of content on. Subscribe to this website to get free Financial content straight to your email when I post new Financial content.