If you’re a student in college, just graduated, just got married, looking to start over, live on your own I’m hoping this feed can if not help you at least guide you or give you an idea of what to do next.

I’m not a finance expert. I’m quite horrible at finances to be honest. This is one of many areas to study in the school of life!

As I strive for this, I’ll talk about all the resources and things I come across that I feel can help in guiding you as well.

Goal: To pay off credit card debt, rebuild my credit, learn to use credit cards as leverage to increase my credit score and get return on my investments, and also get my own places and invest in business ventures.

Learning to manage finances at a young age can set up good habits & help set up your future for retirement.

NOW is the time to do it, not wait until the years pass by regardless of your age.

If you do decide to care about taking control of your money and where its going, you’ll get this in return:

  • Feel happy that your  able to save up for your projects/interests/events and get the funds together in no time.
  • Your friends will ask you why you’re moving along so great, and you’ll be able to impress them with your money saving skills.
  • You’ll feel less stressed because you’ll have more money in your pocket every month to go out and enjoy it instead of having to work paycheck to pay check.
  • You’ll feel so accomplished and inspired that it’ll become a habit that will give you a great future without pressure from family or friends.

I don’t know about you, but if you’re like me, these reasons alone are enough to fuel me to at least try.


With the way things are going by the time we get to retirement there wont be any social security there for support. We must take control and learn how to use our money wisely. Even if we do poor at it at the beginning.

I’ve made my fair share of mistakes & I don’t have good credit at the moment.

I remember first learning a thing or two of the basics in personal financial planning . I went to Robert Kiyosaki’s Real Estate seminar. There I learned the importance of having multiple streams of income, how to use other people’s money (OPM) and duplicate return on investment for maximum profit.

One great idea is to create 3 piggy banks. Open 3 different bank accounts if need be. One accounts will be for savings, the other for investing, and the third for spending. When your paycheck comes in just split it into 3 amounts.

PAY YOUR SELF FIRST. Even if its $25 a month. That money is for you to go get a haircut or buy a great perfume for example.


You could open a checking or savings account. Use this account for any thing you’d like to save for- a car, your own place, vacation, etc. You can also open a Roth IRA account & let it accumulate over the years.


Even if you have no idea how to invest or what to invest in, having money in it will just prepare you for the opportunity does come. This account can be for any investment you’d like to make- a car, real estate, stocks, maybe a friends business venture.


This account is for monthly bills, expenses, social events, outings. This may be the area where you deposit the most money in, but remember that you can always make room to squeeze out $50 to put into your investing or savings account. Even if you only have $5 left at the end of the month, put it in the other two accounts.

Create multiple steams of income.

This is are some of the many ways to create streams of income.

keyword is RESIDUAL

To get residual paychecks you can:

  • If you have good credit, apply for a loan purchase a home, fix it up, rent it out and checks coming in every month.
  • Start a network marketing venture. No experience required! You invest into buying their products. You use them, promote them with a group of people and help each other make money every month through recruiting people and selling products every month. All you have to do is be willing to learn and take action. This is for go-getters!
  • Have an idea or know a friend who wants to start a business. Join them, fund their project or invest time instead to get it up and running.
  • Affiliate marketing. Promote other peoples products for free. Instead you invest time by writing reviews and blogging online about these products. People get directed to the link where they could buy, and you get paid!
  • Stocks. I’ve never invested in them. There’s a lot of options. Become familiar with the terms & language used. Follow someone who knows how to invest.

If I could figure out how to do it so can you. Its really not complicated.

Got any other ideas for residual income? Drop a comment! 🙂


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