The most valuable email you’ll read for yourself and your kids in a few MOMENTS per week.
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MONEY TIP
When it comes to daycare, you have to do a cost comparison to see if it makes sense. Add up the average amount spent monthly on things like fuel, food, the need for a second car, work clothes, and other work-related expenses. Then subtract the monthly amount of daycare. Many people find that they aren’t actually earning any money when daycare is factored in, or that they’re earning less than minimum wage.
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OPPORTUNITY
There are plenty of great tools for tracking your credit score, but don’t forget that there is one place to get a free credit report with no strings attached. AnnualCreditReport.com is the only official (and federally endorsed) place to get a free credit report. You can get one from each of the major credit bureaus, so it’s a good idea to get one now, and then one in a few months, and another a few months after that. Spacing it out helps if you’re checking whether things have fallen off or not.
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MINIMALISM TIP
One way to get serious about downsizing and decluttering is to make time for it. Literally. Block off a certain amount of time each day and devote it to decluttering. Start with an easy number, like five minutes a day, and then expand the time slot on the days when you’re feeling motivated.
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ESSENTIAL READING
Here’s the thing about books… depending on where you’re at in life, different books affect people differently. That’s why someone can say a book changed their life, while another person said it was useless. It also depends on when in your life you read it. Now for one of the greatest books in my entire library and in my opinion. The book that changed my life more than any other book: The Magic of Thinking Big by David Schwartz. I highly recommend it to anybody and everybody.
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NOTION
Discuss the importance of credit with your kids, but also discuss the unimportance of credit with them. Credit isn’t that big of a deal unless they plan to be in debt for the rest of their life. As far as employers, landlords, and things like that, they’ll build enough credit just by keeping their first checking account open and maybe using one credit card (that they pay off in full each month) for all of their purchases.
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TRAVEL TIP
Know your ports. I’m not talking about wine, I’m talking about the ports to get from one continent/country to another. For example, the John F. Kennedy Airport (New York) is almost always the cheapest airport to fly out of, if you’re headed to Europe. It’s also one of the busiest airports. The Copenhagen Airport (Denmark) is almost always the cheapest airport to fly into in Europe. The largest ports have the most options for tickets and the most airlines that fly into them, so know them!
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SCRIPTURE
“Therefore encourage one another and build one another up, just as you are doing.”
1 Thessalonians 5:11
Closing Question
When have you felt the most fulfilled in life? Are you doing the same things today that got you to that point?
