Cori Arnold Profile picture
May 5, 2023 11 tweets 4 min read Read on X
Excel is one of the best personal finance tools.

Below are 7 templates to improve your money: Image
1. Budgeting Template

- see the gap between income & expenses
- find out where your money goes
- be more prepared Image
2. Debt Tracker

- see how much interest you're paying
- create your pay-off strategy
- watch your progress Image
3. Debt Amortization

- calculate time to pay off debt
- run multiple payment scenarios
- run multiple interest scenarios Image
4. Spending Tracker

- realize small expenses add up
- find out if what you think is accurate
- gain awareness to decrease spending Image
5. Compounding Scenarios

- see the impact of your contributions
- realize the power of compounding
- view multiple rates of return Image
6. Net Worth Tracker

- see compounding firsthand
- watch the impact of your behavior
- gain motivation through your progress Image
7. Retirement Calculator

- plan your future
- realize retirement isn't an age
- estimate how much you need to retire Image
Get all 7 templates as well as a deep dive into:

- how to pay off debt
- how to see money differently
- how to invest to become wealthy

udemy.com/course/win-wit…
If you enjoyed this thread:

1. Follow me @iamcoriarnold for more of these
2. RT the first tweet to share this thread with your audience
Ready to take control of your money?
- pay off debt
- invest

Start with this free e-book:

iamcoriarnold.gumroad.com/l/ebook

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More from @iamcoriarnold

Sep 12
I've been investing in the stock market for two decades.

If I had my first $1,000 to invest, here's exactly what I would do:
1. Do it yourself

You have a choice to invest on your own or find a financial advisor.

Investing doesn't have to be complicated.

Find a large discount brokerage and open an account.
- Fidelity, Vanguard, Robinhood, Public, etc
2. Know your risk tolerance

When your emotions drive your investment decisions, you're going to sell too soon.

Diversify your investments by finding companies in different industries or purchasing funds. Image
Read 6 tweets
Sep 9
2024 was my best year financially

My net worth grew by $350k

When I was drowning in debt, I never imagined this was possible.

Below are 7 actions to start building your net worth:
1. Pay off debt

List every debt you have, including:

- the full balance
- the interest rate
- the minimum monthly payment

Multiply the balance times the interest rate

This is what you are paying in interest every year.

Choose one account and pay all extra money toward it.
2. Get organized

List not only your debts, but all your accounts, including assets.

Knowing how many and where your accounts are is a huge step forward.

You will make better decisions when you have all the information.
Read 8 tweets
Aug 25
To become a millionaire,
you don't need to be popular
you don't need to be overly smart
you don't need to come from wealth.

You simply need these 4 traits:
Consistency

Nothing happens over night.
Nothing happens with one intense burst of energy.

Big things happen over time when you work in the same direction.
Patience

Get-rich-quick schemes never work.

Don't jump into something because someone is promising you big returns.

Go slow.
Be the tortoise.
Create a plan and execute it.
Read 5 tweets
Aug 13
My 401k is my biggest single asset:

2010-2016 = $119.5k
2017 = $182.1k
2018 = $210.1k
2019 = $312.0k
2020 = $422.1k
2021 = $568.9k
2022 = $498.5k
2023 = $661.1k
2024 = $861.3k
2025 = $943.7k

Below are 5 keys to growing it to almost $1m:
1. Always get the full employer match

The S&P 500 has averaged 10-12% annually.

Your employer's match is a 100% return - instantly.

Nothing beats it.

$180k of my balance is from my employer's match
2. Be consistent

When you start with your company, contribute at least enough to get the full match and don't turn it off.

You won't miss the money if you start this immediately when you get hired.
Read 7 tweets
Jul 22
ETF's are the easiest way to invest.

1. open a brokerage account
2. contribute consistently
3. buy your favorite ETF's no matter what the market is doing

Here are my 5 favorite ETF's:
$VOO Image
$QQQ Image
Read 6 tweets
Jun 29
It's never too late to start.

If you missed your 20's, it's okay.

At 31 years old:
- I was broke
- I had $260k of debt
- I had a negative net worth of $99k

Below is how to turn your money beliefs upside down:
1. Don't let your perspective limit you

Do you believe:
- everyone has a car loan
- you'll have a car payment the rest of your life
- people like you aren't good with money
- all millionaires inherited their money

If you believe any of these, it's time to see things differently
2. Don't let your social circle limit you

Do your friends believe the above?

Do your conversations end with blaming others?

Are your conversations primarily negative?

It's time to find a new circle of friends
Read 6 tweets

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