Cori Arnold - AI - Money 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

Mar 2
The book "Think and Grow Rich" by Napoleon Hill changed my life.

I went from shy and quiet to presenting to hundreds and speaking in front of thousands.

Below are 5 life-altering lessons from the book:
1. Thoughts are things

Your thoughts, even though they are intangible, have tangible impacts.

Everything you accomplish starts as a thought.

Change your thoughts, and you'll change your results.
2. Confidence is necessary for success

Without confidence, you won't try.

Find your confidence from within and know that everyone experiences doubts.

It's the people who push through their doubts that win.
Read 6 tweets
Feb 7
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
Feb 5
13 years ago I was drowning in debt:

- $140,000 student loans
- $22,000 credit cards
- $98,000 real estate

This was all paid off in 5 years.
And 5 years later I was a millionaire.

Below are 6 debt hacks I used:
1. I listed my debts & tracked them

Tracking is the key to succeeding at any goal you want to achieve.

Write down every debt account you have, including:

- the minimum payment
- the interest rate
- the annual interest expense
2. Focused on the highest-interest debt first

My interest was costing me $16,000 a year.

There are two strategies for paying off debt:
- debt snowball (smallest balance first)
- debt avalanche (highest interest first)

The key is to focus on one account at a time.
Read 8 tweets
Jan 24
The only monthly bills I receive are:

- utilities (electric, gas, water, trash)
- streaming service
- gym membership

That's it. No debt payments.

Discover below the one change that turned my $260,000 debt into a $1M+ net worth:
Everything changed when I started TRACKING my money.

Fina is an AI-powered tool that automatically tracks and gives you the insights you need.

For the next 48 hours only, I'm giving my template away for free:
app.fina.money/signup?ref=f-f…
1. Tracking showed me where my money was going

You may think you know, but if you don't track it, I guarantee you're spending more than you think.

Here's a snippet of my template Image
Read 7 tweets
Dec 31, 2024
The book "Think and Grow Rich" by Napoleon Hill changed my life.

I went from shy and quiet to presenting to hundreds and speaking in front of thousands.

Below are 5 life-altering lessons from the book:
1. Thoughts are things

Your thoughts, even though they are intangible, have tangible impacts.

Everything you accomplish starts as a thought.

Change your thoughts, and you'll change your results.
2. Confidence is necessary for success

Without confidence, you won't try.

Find your confidence from within and know that everyone experiences doubts.

It's the people who push through their doubts that win.
Read 7 tweets
Dec 29, 2024
My 401k is my biggest single asset:

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

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

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