Take the time to educate yourself and develop strong financial habits – it will pay off in the long run.

Great personal finance habits are crucial for anyone looking to take control of their money and build wealth.
From creating a budget, paying off debt, or saving and investing for the future, good personal finance habits will set you up for financial success.

Building wealth isn't just about saving and budgeting – it's also about investing.
By putting your money to work through sound investing, you can watch your money grow and multiply over time.

And thanks to the power of compound interest, the earlier you start investing, the more wealth you can build for yourself.
Don't underestimate the importance of personal finance, building wealth, and the power of investing. These factors can have a huge impact on your financial well-being and success.

With planning and the right mindset, anyone can build wealth and achieve financial freedom.

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More from @FluentInFinance

Jan 7
I've used Microsoft Excel for 15+ years, and these 15 tips will make you an expert and increase your productivity 15X:

🧵 Excel it's the most valuable skill in many careers, so don't use Excel again without knowing these 15 tips:
15 MUST-KNOW Excel functions:

(1) XLOOKUP
(2) Sparklines
(3) Pivot Tables
(4) Goal Seek
(5) IF
(6) SUMIFS
(7) COUNTIFS
(8) Index Match
(9) VLOOKUP
(10) Transpose
(11) Wildcards
(12) Filter
(13) Remove Duplicates
(14) TRIM
(15) Conditional Formatting

🧵Examples of each:
(1) XLOOKUP:

XLookup is an upgrade compared to VLOOKUP or Index & Match.

Use the XLOOKUP function to find values in a table or range by row.

Formula:

=XLOOKUP (lookup value, lookup array, return array) Image
Read 19 tweets
Jan 6
When you win the $1 Billion Mega Millions jackpot, here are 5 things to do (so you don't go broke like 70% of winners):

1) DON'T sign the ticket yet (this is last) because you want to stay anonymous and set up an irrevocable trust

2) Keep quiet & don't tell anyone because: Image
2) Keep quiet & don't tell anyone because you do not want to be the victim of robbery, extortion, or death

3) Make copies of the ticket then hide it somewhere safe. Make both digital & print copies of the ticket, on both sides.

Protect the ticket somewhere safe in case you:
Protect the ticket somewhere safe in case you lose the original. The best place would be a safety deposit box at the bank or in a personal safe.

Keep digital copies of the ticket in two places: (1) encrypted cloud storage and (2) an external drive.
Read 6 tweets
Jan 6
3 books have had a significant impact on my personal growth and development.

These 3 books have provided valuable insights & strategies that have helped me.

1) "The 7 Habits of Highly Effective People" by Stephen R. Covey:
1) "The 7 Habits of Highly Effective People" by Stephen R. Covey:

This book provided a framework for developing key habits that are essential for success.

The 7 habits outlined in the book have helped me.
"Start with Why" by Simon Sinek:

This book emphasized the importance of having a clear sense of purpose and communicating that purpose to others.

Understanding the concept of starting with why, or the underlying reason for doing something, has helped me.
Read 4 tweets
Jan 6
5 tips for preparing for retirement:

1) Contribute to an employer-sponsored retirement plan:

If your employer offers a 401(k), make sure to contribute as much as you can.

Many employers offer matching contributions, which is basically free money towards your retirement.
2) Consider investing in an IRA:

There are two main types of IRAs: Traditional and Roth.

Each has its own set of rules and tax implications, so do your research and determine which one is best for you.
3) Start saving as early as possible:

The earlier you start saving for retirement, the more time your money has to grow.

Even small contributions can add up over time thanks to the power of compound interest.
Read 5 tweets
Jan 6
There are two main types of IRAs:

Traditional IRAs and Roth IRAs.

There are a few things to consider when deciding which to pick, this includes contribution limits, tax implications, and your specific financial situation and retirement goals.

Let's discuss:
Keep an eye on fees:

When investing in an IRA, it's important to keep an eye on fees such as annual expenses, trading fees & account maintenance fees.

These fees can eat into your investment returns over time, so it's worth comparing options and choosing an IRA with low fees.
One key difference between the two is how they are taxed.

Contributions to a Traditional IRA may be tax-deductible in the year they are made, depending on your income and whether or not you have access to an employer-sponsored retirement plan.
Read 8 tweets
Jan 5
Many stores offer senior citizens discounts on specific days of the week.

20 popular stores that offer senior discounts include:

1) Target: Target offers a 10% discount on select items for seniors who are 65 or older on the first Tuesday of each month.

2) Macy's:
2) Macy's: Macy's offers a 15% discount to seniors on the last Tuesday of each month.

3) Kohl's: Kohl's offers a 15% discount to seniors every Wednesday.

4) Best Buy: Best Buy offers a 10% discount to seniors 50 or older on the first Tuesday of each month.

5) Walgreens:
5) Walgreens: Walgreens offers a 20% discount on senior Wednesdays to customers who are 55 or older.

6) The Home Depot: The Home Depot offers a 10% discount to seniors who are 62 or older on the first Wednesday of each month.

7) T.J. Maxx:
Read 9 tweets

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