Believe you can and you're halfway there.

We believe that living a debt-free life is the key to financial stability and freedom.  Therefore, a path to being debt-free is key.  Some debt, like a home mortgage, is relatively healthy debt and can help build wealth over time.  Other debt (i.e. cash advances, payday loans, 401K loans, debt consolidation loans, backed taxes, 2nd mortgages, credit cards, car loans, title loans, student loans, etc.) really robs you from your future to pay for today.  Regardless of 'healthy debt' or 'unhealthy debt', debt-free living is the lowest stress.  For an overview of a good, proven plan to do this, you can find out more here.  

Tell your money where you want it to go to achieve your goals with intentionality.  It is typically best to make a plan for every single dollar of income, called zero-based budgeting.  Find out more here.

It is never too late to start saving for retirement.  A good rule of thumb is 15% of your gross income should be invested into a retirement account like a 401K or IRA (ROTH typically preferred).  It should be noted, a person cannot merely "save" for retirement in a savings account, the money must be invested to return at a rate higher than inflation. 

There are a few different types of college savings plans in the market to help save and invest for college expenses.  Some, like a 529, offer tax benefits.  Much like retirement, the earlier this is started, the easier it is to save a larger sum to pay for continuing education expenses for your children.  Avoid student loans AT ALL COSTS.

After graduating either high school or college, many individuals find themselves in situations with a job and steady pay, often with larger sums of money than they have ever seen before.  If this sounds like you, we should talk to make sure you start building your life on a firm financial foundation. 

Before getting married (or if you are married and reading this), it is an absolute must that spouses or spouses-to-be share similar views and values around money.  It is far easier to build wealth and achieve goals as a couple working together when compared to a couple not in alignment. 

Wealth is typically built over time, and does not happen overnight.   There are several gimmicks and frauds out there giving bad advice...BEWARE.  If it sounds too good to be true, it probably is.   Check out a proven method for building wealth here.  The only thing I would personally suggest to change in this plan is Step 1, and I would change it from saving $1000 to saving 1 month of expenses due to current inflation and cost of living.  But remember, the only way to know this number is to track spending and have a budget!

Set and achieve goals with Mitchell Money Coaching's support and accountability. Take your life and your money to the next level today and schedule a free consultation!  Coaching can be used for your own situation, or you can gift coaching for Weddings, Graduations, Birthdays, Anniversaries, or any other occasion.