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

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
Jun 5
The Roth IRA is the best account you can have:

- grow your money tax free
- take advantage of compounding

Below are 5 things you need to know about Roth IRA's:
1. You withdraw your money without taxes

You will pay tax on the money you put into your Roth IRA, however, every dollar of growth is tax free.

That means when you pull this out in retirement, you won't pay taxes on any of these funds, unlike Traditional accounts.
2. You can withdraw your contributions anytime without penalty

Some people use their Roth IRA's as emergency funds, because you can withdraw the funds you've put into the account at any time without taxes or penalties.
Read 6 tweets
May 19
The stock market is one of the best tools to grow your wealth.

Below are 5 stock strategies to get wealthy:
1. Index funds

I recommend index funds for all beginner investors as well as certain retirement accounts.

Index funds:
- are simple to understand
- are easy to invest in
- save you time

Pick an index fund like $VOO or $VTI, and invest a specific amount of money each paycheck.
2. Dividend-paying stocks

Dividends are one of the purest forms of passive income.

How?
- research dividend funds or stocks
- buy those funds and stocks
- receive dividends

Your goal is to buy as many shares as you can and find the right mix of funds and stocks. Image
Read 7 tweets
Apr 1
Age 45: Suze Orman published her first book.
Age 48: Julia Child published her first book.
Age 65: Colonel Sanders franchised KFC.

No matter where you are today, it's not too late to start.

Below is your blueprint to get started:
1. Own up to where you are today

You may have made some bad choices in the past, but now you're aware they were bad choices.

By taking responsibility, you get to start making progress.
2. Face your fears

You've been avoiding those statements and your online accounts.

You have an estimated number in your head, but you don't really want to know, because you think it's worse.

The key to beating fear is action.

Find those statements and look at your accounts.
Read 7 tweets
Mar 31
Just finished reading "The 5am Club" by Robin Sharma.

"Own your morning, elevate your life" is the message.

Below is the 20/20/20 formula to start owning your mornings and your life:
Wake up at 5am everyday
You get the first hour of your day
No distractions
No one else

1. Move
2. Reflect
3. Grow
5-5:20am - Move

The first 20 is for:
- intense exercise
- sweat hard
- learn
- hydrate
- breathe deeply

Cleanses cortisol
Dopamine rises
Serotonin increases
Metabolism elevates
Read 5 tweets
Mar 26
Why does the tortoise always beat the hare?

It's not:
- speed
- agility
- intelligence

It's focus

Below is Warren Buffet's strategy to improve your focus:
1. List out your top 25 goals

These goals should include:

- family
- finances
- health
- career
- spiritual
- etc

Any goals related to any aspect of your life
2. Choose the 5 most critical goals

From your 25 goals, pick the top 5 that are most important to you.

These are the only 5 goals you focus on.

Focus is the key to achieving the life you want.

Discard all other distractions
Read 4 tweets

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