MARSHFIELD, WI (OnFocus) – Credit scores are numerical ratings that lenders use to evaluate a borrower’s creditworthiness. They are calculated based on a variety of factors, including payment history, credit utilization, length of credit history, and types of credit accounts. The most commonly used credit score model is the FICO score, which ranges from 300 to 850. The higher the score, the more creditworthy the borrower is considered to be.
“When it comes to home-buying, credit scores play a significant role in determining whether a borrower will qualify for a mortgage and at what interest rate,” said Josh Kilty, Mortgage Loan Officer with Fairway in Marshfield. “Our experienced mortgage advisers have a keen understanding of the loans that will be the best fit for your unique situation. And one of the biggest factors in finding the loan most suitable for you is your credit score. Based on your credit score, you will be a candidate for some types of loans but not others.”
Credit scores and mortgages have been in the news a lot lately, due to LLPA’s.
Loan-Level Price Adjustments are fees that are added to the interest rate of a mortgage loan, based on various risk factors associated with the borrower and the property being mortgaged. These adjustments are determined by the mortgage investor or servicer and are typically applied to loans that do not meet certain criteria, such as having a lower credit score or a higher loan-to-value ratio.
For example, if a borrower has a credit score below a certain threshold or if the property being mortgaged is considered to be in a high-risk area, such as a flood zone or an area with high foreclosure rates, the mortgage investor may apply an LLPAs to the loan, which will result in a higher interest rate.
Loan-Level Price Adjustments can vary depending on the lender and the type of mortgage being offered, and they can significantly impact the total cost of the loan over time. It’s important for borrowers to understand the LLPAs associated with their mortgage loan and to shop around for the best loan terms and interest rates.
Fairway Mortgage professionals can help home-buyers navigate the credit score requirements for obtaining a mortgage. They can provide guidance on improving credit scores, such as paying bills on time, paying down credit card balances, and avoiding new credit applications. Additionally, they can help borrowers understand the different types of mortgage loans available and the specific credit score requirements for each.
Conventional Loans
These are loans not created by a government entity. Also known as conforming conventional loans, they simply “conform” to the guidelines put in place by Fannie Mae and Freddie Mac. A conventional loan also involves borrowing no more than $548,250. Minimum credit score: 620.
USDA Loans
Insured by the federal government, USDA loans are limited to certain “rural” areas. However, these areas are often near more urban areas. Since this loan is one of the few that requires no down payment, it is known for its affordability. Therefore, it tends to be popular among first-time buyers. Minimum credit score: None officially, but most lenders will require 640 or greater.
FHA Loans
Also backed by the U.S. government, FHA loans offer flexible qualification guidelines that help buyers who may not qualify for a conventional mortgage. This flexibility enables lenders to provide home loans with down payments as low as 3.5% of the purchase price. Minimum credit score: 580 (with 3.5% down).
VA Loans
The U.S. Department of Veterans Affairs (VA) provides this affordable home financing option for service members, veterans and their surviving spouses. Fairway’s minimum credit score for VA-loan eligibility is just 580 — less than the 620 required by many other lenders.
Jumbo Loans
Available for home purchases over $726,200 and up to $2,000,000, jumbo loans require a higher credit score than pretty much any other loan you’ll ever find. Minimum credit score: 680.
Credit scores are a crucial factor in the home-buying process, and Fairway Mortgage professionals can help borrowers understand and improve their credit scores to increase their chances of qualifying for a mortgage and obtaining favorable loan terms. If you’re concerned about your credit score being too low, ask your Fairway mortgage adviser for assistance.
We welcome your stories! Contact us at [email protected]!
Gather the following arsenal: a saw (bonus points for a miter saw), a drill, wood screws, high-strength wood glue, a tape measure, sandpaper, stain, and spray paint. In addition, have a level within reach, just in case your creation starts to resemble the Leaning Tower of Pisa. Next, decide on the frame’s style. Ensure it reflects — pun intended — your taste and blends effortlessly into your current décor. Fancying a rustic, farmhouse vibe that would make Chip and Joanna Gaines proud? Or, perhaps, a chic, contemporary vibe or something whimsical and eclectic is more your style.
While investing in fancy lumber is tempting, let’s not forget we’re on a budget. Reclaimed wood is a fantastic choice for a rustic look, but it might cost you more. If you land regular lumber, worry less. Well-chosen and skillfully applied stains can transform even the most ordinary piece of wood into a breathtaking masterpiece that matches your chosen style.
Measuring your mirror helps with the dimensions of your frame. So, it’s not those moments you eyeball it and hope for the best. Consider the proportions of the mirror and the surrounding space to achieve perfect harmony. An oversized frame can create a bold statement and visually balance bulky items within an area, yet it might overwhelm a small room. On the other hand, a slender frame offers a more subtle, minimalistic look but could ultimately look visually weak.
Save more, spend smarter, and make your money go further
Whether you’re religious or not, Easter can be an incredibly fun time of year — delicious candy, beautiful eggs, fluffy bunnies, and pastel everything.
But if you’re not careful, it can also be an expensive time of year.
A lot of things that people love to do to celebrate Easter will come back to bite them in the financial behind sooner or later (most likely “sooner”).
Here’s a quick rundown of things to avoid doing, if you want to keep your Easter under budget:
Hire an Easter Bunny
The world is chock-full of entertainers that will gladly dress up as the Easter Bunny for your child’s party — for a price, naturally.
Usually, this price is a rather hefty one. There is absolutely no need to hire any of these people, even if they’re really, really good at hopping.
Either create your own Easter Bunny costume, find a mall or shop where the kids can get free pictures with the Bunny, or just sit back and fire up some old Bugs Bunny cartoons for an afternoon.
That wascawwy wabbit is the gift that keeps on giving.
Buy Too Much Chocolate
As blasphemous as it may sound, there is such a thing as too much chocolate, especially when that chocolate can run you a pretty penny.
If you buy a dozen chocolate bunnies at five bucks each, that’s $60 on chocolate rabbits alone.
That’s way too much candy for any family (kids should probably just have a few small pieces each, holiday or no,) and that money could easily have gone to other, more important matters, like bills or ingredients for a delicious, homemade Easter dinner.
Hey, speaking of …
Eat Easter Dinner at an Expensive Restaurant
Any restaurant higher up on the food chain than McDonald’s will have an Easter dinner ready for you to enjoy. Of course, it’ll cost you some dough.
Depending on the size of your family, you could easily drop $50-100 on one night’s meal.
What’s the point, when you can just as easily create your own meal at home?
Buy the meat you want, cook it the way you like it, garnish it with whatever sides suit your fancy, and top it off with a dessert that’s bound to be way better (and cheaper) than whatever the local eateries would whip up.
Rent Top-of-the-Line Church Clothing You’ll Never Wear Again
Pastel dresses and formal tuxedos aren’t usually found in your typical closet, and so many people rent them for their Sunday church activities, return them the next day, and not think about it until next year.
Or, until the next credit card bill comes along, either or.
It doesn’t matter how cute or precious your little girl looks in a $90 outfit. It’s still a $90 outfit that ultimately doesn’t matter much.
Most people (well, the good ones anyway) will welcome and embrace you and your family regardless of what you wear to church. Just wear what you normally do and everyone will be happy.
Well, the rented formal wear company probably won’t be happy, but too bad.
Buy a Pet Bunny (if You’re Not Ready)
This could be the single dumbest purchase of your Easter, in addition to being the most expensive.
Unless you were planning to get a bunny for a while, knew what you were getting into, had all the right supplies, and budgeted accordingly for it, bringing home a pet rabbit for Easter is a horrid idea indeed.
The actual rabbit might not cost a lot, but caring for it, feeding it, bringing it to the vet when need be, and just being a good pet owner in general can cost a ton of money.
If you are truly ready to bring a bunny into your world, and have budgeted accordingly, then Easter is a tremendously symbolic time to begin.
But otherwise, just stick with chocolate bunnies. Just don’t get too many, since they’re not exactly cheap either.
Mary Hiers is a personal finance writer who helps people earn more and spend less.
Save more, spend smarter, and make your money go further
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Everyone wants to be the next big thing in the mortgage industry, promising a digital experience or even a funded loan in days as opposed to weeks.
We’ve seen signs of this disruption for years now, and while it has improved the customer experience somewhat and shortened turn times, things aren’t much different.
You still have to fill out a loan application, often with the assistance of a human, submit financial documents, and wait for weeks (or over a month) to get your loan funded.
The difference now is you can do some of these tasks remotely, or better yet, authorize your financial accounts to be plugged into the application so you don’t need to track down documents yourself.
But there’s still the usual frustration and timelines that have long plagued the mortgage industry.
While most disruptors have focused on speed and convenience, an emerging company called “LoanSnap” is focused on originating “smart loans” as opposed to “dumb loans” that cost consumers billions annually.
What Is LoanSnap?
A direct mortgage lender and tech company based in Costa Mesa, CA
It was formed after acquiring Irvine, CA-based DLJ Financial
Currently licensed to do business in 19 states including AZ, CA, CO, FL, IL, and TN
Relies on artificial intelligence (AI) to offer a so-called smart home loan to consumers
LoanSnap was formed after acquiring DLJ Financial, a mortgage lender that had been based in Irvine, California for some 21 years.
The company’s current location is in nearby Costa Mesa, CA, with corporate headquarters in tech-rich San Francisco.
It makes sense that they have locations in both cities, as the Bay Area is where startups are born and Orange County has long been mortgage-central.
They offer a so-called “smart loan” that factors in all your monthly bills, such as credit cards and student loans, to ensure you get the best home loan.
In LoanSnap’s own words, it’s a mortgage that relies upon artificial intelligence (AI) “to analyze a consumer’s financial situation instantly and recommend the best options for their unique needs — all while addressing common financial issues like too much debt.”
Put another way, it goes beyond just the lowest mortgage rate or the fastest turn times and considers a customer’s entire financial situation.
After all, the borrower’s home and accompanying mortgage can often serve as their nest egg, dictating other investments and financial decisions.
It can also be leveraged to pay off other high-interest debt, which is where LoanSnap figures in.
At the start of the loan application on their website, they say, “Welcome! Let’s start by identifying where you’re losing money so we can help you own your financial future.”
What they mean by that is you’re probably paying more interest on your credit cards, student loans, and car loans than you are/would be with a low-rate mortgage.
After all, mortgage rates are close to 3%, while credit cards are often 20%+ and auto loans and student loans are maybe 5%+.
They add that most folks “don’t realize they can move their credit cards or loans to their mortgage and save thousands in interest payments.”
So instead of pitching the lowest interest rates, they give you a full view of all your accounts to help their customers avoid losing money.
What Types of Mortgages Does LoanSnap Offer?
Home purchase loans, mortgage refinances, and HELOCs
The cash out refinance appears to be their chief offering
You can get a conventional loan, non-conforming loan, FHA loan, or a VA loan
Available on single-family homes and condos/townhomes
At the moment, they offer home purchase loans, mortgage refinances, and HELOCs.
That includes both rate and term refinances and cash out refinances, the latter of which is utilized to pay off other high-interest bills you may have.
The cash out refinance seems to be their weapon of choice to eliminate other debt, and explains the how and why of analyzing a consumer’s complete financial situation.
Once they know about your other debts, they can instantly recommend the best loan options that consider interest rates on all your outstanding debt, thereby saving you money.
In a sense, it’s marketing the cash out refinance as something unique to the company, while just about every mortgage lenders offers them.
Of course, things are a little less liquid in that department at the moment due to COVID-19, but that will likely change over time as the situation normalize.
It also means larger loan amounts for LoanSnap, which equates to more money for them.
In terms of loan type, they offer FHA loans, VA loans, and non-conforming loans. I assume they offer conforming loans backed by Fannie Mae and Freddie Mac as well.
They also offer second mortgages in the form of a home equity line of credit (HELOC), which can be used to pay off other bills like student loans, auto loans, and credit cards.
You can get a home loan on a single-family residence or a condo/townhouse. It’s unclear if they lend on second homes and investment properties.
In terms of where they’re available, they lend in 19 states with plans to expand to more soon.
At the moment, they’re licensed in Arizona, California, Colorado, Florida, Georgia, Illinois, Iowa, Kansas, Michigan, Nebraska, Ohio, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Washington, and Wisconsin.
LoanSnap Mortgage Rates
While LoanSnap says it looks beyond mortgage rates to help its customers save money, essentially by saving them on other, higher-cost loans, it doesn’t reveal its rates.
Obviously it’d be nice to get an idea of where they stand pricing-wise, but there’s no daily rate section on their website as of now.
So if you want to pricing, you’ll need to either apply or give them a call. My recommendation is to get pricing first before spending time on an application.
Note that cash out refinance rates are often higher than purchase rates, so if you’re comparing rates among lenders, be sure it’s apples-to-apples.
Also take a look at their customer reviews to see what other customers thought about their interest rates and fees for more clues.
With regard to lender fees, they also leave us in the dark, so be sure to inquire about fees and rates when you call and speak with a loan officer.
LoanSnap Reviews
Despite being a relatively young company, they’ve already amassed a decent number of customer reviews.
On LendingTree, they’ve got a 4.6-star rating out of 5 from nearly 300 reviews, with a 92% recommended score.
At Trustpilot, they have a 3.8-star rating, which the site considers “great,” but not quite excellent.
Over at Google, it’s a similar 4.1-star rating, which is certainly good but not the highest customer satisfaction tier.
On Zillow, they have just a dozen or so reviews and a 4.27-star rating.
While they’ve been accredited with the Better Business Bureau since 2009, they aren’t currently rated.
LoanSnap Received an Investment from The Chainsmokers
Company has raised millions of dollars via several funding rounds
Latest investment comes from fund backed by pop group The Chainsmokers
Also supported by True Ventures, group behind Peloton and Fitbit
Expect them to become a household name in the mortgage world with that backing
In a bid to perhaps become the coolest mortgage lender out there, aside from maybe Rocket Mortgage, they announced a new investment round that included pop duo The Chainsmokers.
The popular group that makes electronic music is apparently also interested in making money, as evidenced by their early stage technology investment firm known as MANTIS.
In mid-May, LoanSnap raised an additional $10 million, co-led by True Ventures and MANTIS.
To show just how serious they are, True Ventures is the Silicon Valley-based venture capital firm behind Peloton, Blue Bottle coffee, and Fitbit.
Their backers also include Richard Branson and Joe Montana’s Liquid 2 Ventures, so it appears they came to play.
Expect to hear the name LoanSnap if and when searching for a mortgage in the near future.
My travel mantra holds that travel should be free — or as close to free as you can get! Budget travel tips usually focus on ways to find cheaper airfare or hotels, and these are a great start. But thinking outside the box can yield some extraordinary vacations that are surprisingly affordable. Here are the different ways I travel to save (and sometimes earn!) money:
Rent a House or Apartment If you want to stay somewhere nicer than a hostel, but aren’t eager to pay hotel prices, consider renting a house or apartment. You’ll be able to cook for yourself and avoid the $5 bottles of water. You’re also more likely to get an authentic local experience, as vacation rentals are often located in neighborhoods, rather than in tourist areas.
Vacation rentals are a great proposition if you’ve got kids, since they can run around and eat Mac ‘n Cheese — the epicenter of childhood, by my memory — without disturbing hotel or restaurant staff.
VRBO is the most popular source for vacation rental listings, but the large number and inconsistent quality of listings can be disorienting. As much as possible, I recommend using local vacation rental sites operated by people in the region you’re visiting (Google is your friend). These sites are run by people passionate about their properties, whether it’s one house or 50 properties, and can offer local tips and personal attention.
Travel in Groups One way to really maximize the value of vacation rentals is to rent them as a group. While it might sound crazy to pay $800/night for a fancy 6-bedroom home, the number to pay attention to is the cost per room (in this case, $133 per room). If you have six couples staying together, that’s only $67 per person. And often, the larger homes have amenities like hot tubs, pool tables, docks, fireplaces, or large acreage.
Last year, my aunt, boyfriend and I rented a gorgeous two-bedroom flat in Paris’ Left Bank, across from the Louvre. We shopped at the famous Parisian markets and cooked many of our own meals. Our flat cost $80/night each, so we splurged and stayed 10 nights. We leisurely toured the museums, took day trips out of town, and wandered the streets of Paris, pretending to be locals.
Visit People If you know anyone who lives in a place you’d like to visit — heck, if you know anyone who knows anyone who lives in such a place — contact them. I’ve never regretted reaching out to someone in a foreign land I’m visiting, no matter how tenuous the connection. This generally works best for international travel, though even with domestic travel, you’re sure to get some restaurant and activity recommendations.
Most people are thrilled to show you around their town, and they can point you towards the cool, local spots off the tourist track (read: you won’t have to pay tourist prices). Making connections with others is what travel is all about, so don’t be shy!
Trade There are people all over the world who want you stay in their place for free. All you have to do is reciprocate. Browse sites like INTERVac and HomeExchange.com, and search for people who want to visit your region. When I was a kid, every summer my family exchanged our home with a European family’s. We were able to explore new countries like France and Italy at a leisurely pace, rent-free.
Monetize Your Space This tip is a bit more complicated and requires a bigger leap of faith. Whenever I know I’ll be out of town, I make my boyfriend’s and my San Francisco apartment available for rent. So while my boyfriend and I are off traveling, someone is nearly always paying to stay in our apartment. For example, we recently took a two-week trip to Boston and managed to find someone to rent our place the entire time we were gone.
Last summer, I generated enough money this way to fund all our major travel expenses. We traveled to New York City, Boulder, Sonoma, and Boston. After totaling the air, lodging and car rental costs, I was delighted to find we broke even. By hanging with locals and cooking our own meals, our entertainment and food costs were about the same as they would’ve been had we stayed home. We rented apartments, used hotel points or stayed with local friends to save money on lodging. We purchased in advance to save on airfare and car rentals.
Note: For that last tip, be sure to get your guests’ contact information (including where they’re from and what brings them to town), create a contract, collect a deposit, and trust your gut — if you have a bad feeling about someone, don’t rent to them. Also, in some parts of the country, short-term rentals are starting to be regulated. Ensure you’re aware of local laws and tax requirements.
Budget travel is often about hostels and last-minute airfare. But with some advance planning and a creative approach, it’s also possible to travel inexpensively, connect with friends, and experience local culture all at once.
J.D.’s note: One weekend every year, Kris and I rent a home in an Oregon resort community. We split the cost with five other couples. It’s a fun tradition that doesn’t break the bank. And when we were in Europe last fall, we spoke with many couples who were renting (or planning to rent) a flat in Rome or Paris for a week or more. Costs were lower than a hotel, and the situation was more convenient.
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Do you struggle with budgeting?
Many people do, too.
What I have found is that it is important to plan ahead so that you know where your money will come from and when.
Since most of us live paycheck-to-paycheck, in fact, 64% of Americans struggle each month with this issue (source).
This can be difficult because our paychecks only arrive once every two weeks or four times per month – but if we don’t plan accordingly, then there’s a good chance we’ll run out of money before the next paycheck arrives.
Have you ever wondered how much money is sitting in your checking account? Just because you are stressed and wonder whether or not, you have enough money until the next payday?
How would it feel to know what was going out of your wallet could be funneled into savings instead and then only spend what is leftover on necessary expenses?
This may seem like an unattainable goal, but it can actually be done with a little planning and discipline.
Here are the practical ways to start budgeting by paycheck…
What is budget by paycheck?
Budget by paycheck is a budgeting technique that helps people to better manage their money by breaking their budget down into smaller, more manageable chunks. This technique helps people to stay on track with their budget by knowing how much money they have to spend on a paycheck basis.
Budget by paycheck is a new way of budgeting that has become popular in recent years – thanks to The Budget Mom. It’s a system where you budget from your paycheck to your next paycheck. This type of budgeting takes the guesswork out of budgeting because it uses your regular paychecks as a guide.
How do I budget my weekly salary?
There is no one-size-fits-all answer to this question, as everyone’s budget will differ depending on their individual circumstances. However, some tips on how to budget your weekly salary include setting aside money for bills, groceries, and other necessary expenses, as well as setting aside money for savings and/or investments.
There are a couple of different ways to budget your weekly salary. You can either budget by paycheck, which means you budget every time you get paid.
The budget by paycheck method is perfect for people who have weekly or bi-weekly paychecks.
This way, you’ll know exactly how much money you have to spend each week and you won’t have to worry about going over your budget.
Why Budget by Paycheck?
There are several benefits to using this type of budgeting method: it’s simple, you always have money for emergencies, and you are less likely to overspend.
There are also some drawbacks: you might not have enough money saved up for larger purchases, and you need to be disciplined about sticking to the budget and the time to manage it.
Overall, Budget by Paycheck is an easy way to stay on top of your finances without too much hassle.
Who is the paycheck budget method right for?
This budgeting method is perfect for people who want to see their money last until the next paycheck.
The paycheck budget method is ideal for people in a few specific financial situations:
Variable income
Trying to get out of debt
Want more control over their spending
If you have a variable income like freelancers–meaning your income changes from month to month–then the paycheck budget method is a great way to ensure that you’re never spending more than you can afford.
This system also helps people who are trying to get out of debt because it enables them to put extra payments to their debts when they are able to. Finally, if you want more control over your spending, then the paycheck budget method is a great way to achieve that goal.
People who are paid on inconsistent days
When you are paid more than once per month and those days are different each month, it’s easy to forget how much money you have already been paid. With the paycheck budget method, you will know exactly how much money you have each month and what bills need to be paid.
This includes rent or mortgage, car payments, insurance, utilities, and any other regular monthly bills that you have.
People who live paycheck to paycheck
People who live paycheck to paycheck are often forced to make tough choices when it comes to their finances. They may have to choose between paying their bills and buying groceries, for example. This can be a difficult way to live and can often lead to stress and anxiety.
It can help you build up your savings and get ahead financially. The basic idea is to break your net income into four parts: fixed costs, essentials, savings, and debt. You then use this breakdown to create a budget that helps you stay on track each month.
It will require some effort on your part, but it’s worth it if you want to get out of debt or save for the future.
People who are new to budgeting
People who are new to budgeting may find it helpful to start by tracking their spending for a month. This will give them a good understanding of where their money is going. They can then use this information to create a budget that works for them.
It’s simple and straightforward, and it makes it easy to track your spending and stay on track. With this method, you divide your income into four categories: fixed expenses, variable expenses, savings, and debt payments. This approach helps you stay mindful of how much money you have left each month after covering your essential costs.
With this approach, you further break down your expenses into different categories (e.g., groceries, transportation, housing) and put a set amount of cash into envelopes each month to cover those costs. When the cash runs out, you can’t spend any more money in that category until the next month.
How the Budget by Paycheck Method Works
The budget by paycheck method is a great way to manage your money.
It is helpful to see your expenses and budget them down each month.
The system can be combined with other methods, such as the calendar method, to help you visualize your plan.
The Budget by Paycheck Method is popular because it allows you to budget in smaller, more manageable chunks.
This system is helpful because it gives you control over your paycheck- when there are times when one paycheck won’t cover all of the expenses, you’ll know that earlier in the year. The monthly calendar is still useful because you may need to save up before a big expense comes due or be able to spend more on others if they aren’t covered by future paychecks.
The Budget by Paycheck Method can help you see how much money is coming in and going out each month. You can also use this method as a plan to track your monthly expenses so that you’re always aware of where your money is going!
Step #1: Track your spending
It is important to track your spending in order to understand where your money goes each month.
This will help you figure out where you can cut back and save money. It may take a month or two for you to get an accurate picture, but it will be worth it in the long run. You can use a variety of tools and techniques to track your spending, including budgeting apps, spreadsheets, and tracking your net worth.
Alternatively, one can use bank statements, credit card bills, and old receipts to retroactively take inventory of spending habits. Whichever way you choose, being aware of where your money is going is the first step to taking control of your finances.
Step #2: Start with a Blank Budget Calendar
There are many different types of calendars that can be used to create a budget.
A person might choose to use a blank calendar and write in their own budget goals, or they might prefer a monthly planner that breaks down the month into specific days and includes room for notes. Alternatively, many people now use digital calendars on their phones or computers which can also be helpful for budgeting.
By using a calendar, you can visually see when you need to save money from one paycheck in order to have enough for expenses during the next paycheck.
This is where the budget by paycheck method comes in handy. In this system, you plan out your expenses and figure out how much you need to save from each paycheck in order to make your goals work.
Step #3: Add your paychecks and bills amount
This will help you keep track of when money is coming in and going out so that you can better plan for the future. It may also be helpful to set up reminders for yourself to help make sure you don’t forget about any important payments.
For example, on this paycheck, you pay your cell phone, car insurance, water, life insurance, and internet bill. This leaves a net balance that can be used for food/clothing/entertainment or other needs that come up throughout the month.
With this paycheck budget method, you will create a workbook with all of your past budgets and calendars.
Step #4: Create a Budget For Each Paycheck
Creating and following a budget is an important part of financial stability. It can be customized to your needs as you grow and change, so it always reflects your current goals and situation.
First, you should make a budget for each paycheck. This will help you stay organized and aware of your spending.
Second, your budget is customizable- that means it can be tailored to fit your wants, values, beliefs, and feelings.
Finally, remember that budgeting is an ongoing process- it’s not something you do once and forget about!
Add up all of your expenses for the month, including rent or mortgage, car payments, insurance, groceries, and everything else. This is your total monthly spending.
Now, you need to divide each paycheck to meet your expenses.
When you are trying to pay off debt, your savings should be your number one priority. This is because if an emergency situation arises, you will have the money saved up to cover it without having to go into more debt.
Step #5: Set Money Aside in Sinking Funds for Variable Expenses
Sinking funds are important for anyone trying to budget their money because they help cover variable expenses that may come up unexpectedly. This can be anything from clothing and transportation costs to unexpected medical bills.
The variety of sinking funds you can create is up to you, depending on your needs. This is an important step to include in any budget.
Many people use cash envelopes to divide their money.
However, more and more people want a cashless envelope system and that is something we use, too.
Step #6 – Make Time for an End-of-Month Budget Review
It’s important to review your budget at the end of every month to ensure that you are on track with your financial goals. This will help you make adjustments for upcoming months, as well as avoid any costly mistakes.
In fact, it’s imperative that you do so for a few reasons:
You might be spending more than you need to.
You may have extra money left over at the end of the month.
Your money goals may have transformed.
Your budget will change as your life changes.
Set a date on the calendar to plan your paychecks and review past spending.
Step # 7 – Be Realistic about Your Finances
Creating a budget that works for you can be difficult, but it is important to be realistic when doing so.
One way to help make your budget more achievable is to track your spending and see where you are overspending. Once you have an understanding of your spending habits, you can begin to make changes that will allow you to save more money.
Another way to be realistic in your budgeting is to think about what is important to you and what compromises you are willing to make.
For example, if you plan to spend $300 a month on groceries while previously spending $750 a month. That is an unrealistic expectation to start from.
Budget by Paycheck Printables
The Budget by Paycheck printable provides a helpful way to create a budget. It is intended for people looking for an easy way to spend their money on groceries, gas, and other necessities.
You can use our budget by paycheck printable templates and spreadsheets to help you stay on top of your finances. Alternatively, you can also use a pen and paper and create your own.
Just be sure to track your spending and income so you can make the most of your money!
Tools Needed to Create your Budgeting by Paycheck
There are digital tools available for creating a budget using your pay dates as a guide.
This will help you avoid overspending, and going into debt into actually saving and reaching your financial goals.
You can use these tools to take back control of your money.
A monthly calendar
Just remember, a monthly calendar can be helpful in visualizing your paydays and monthly bills.
You can list out all of your bills and due dates on the calendar, as well as when you get paid. This will help you to stay organized and ensure that you are able to pay all of your bills on time.
Additionally, it can be helpful to set a budget for each month and try to stick to it. Having a monthly calendar can be a great way to stay on top of your finances and keep your budgeting goals in check.
Budget templates
You can use a budget template, or you can create your own budget from scratch. If you’re looking for a quick and easy way to get started, using a budget template might be the best option for you.
Some templates are geared toward people who have a lot of debt, while others are designed for people who want to save money. It’s important to find one that works best for your unique situation.
Cash Envelopes
Cash envelopes can help manage your spending.
When the envelopes are empty, that means you have no more money to spend. This will help you from going over budget immensely.
A budgeting app
You can use a simple spreadsheet or one of the many specialized budgeting apps on the market. The important thing is to find one that fits your needs and makes it easy for you to track your spending.
Some apps allow you to set financial goals and track your progress over time. Others let you create budgets for specific categories (e.g., groceries, entertainment, rent) and warn you when you’re getting close to your limit.
Whatever app you choose, make sure it’s easy to use and provides the information you need to stay in control of your finances.
Here are our popular budgeting apps:
Ready to Plan with the Paycheck Budgeting Method?
For a long time, I was trying to stick to a budget that only allowed me a certain amount of money to spend each month. However, this was very difficult because my expenses varied from month to month. After tallying up my total expenses for the year, I realized that it would be much easier to just allow myself a flexible budget that could adjust with my monthly spending.
The budget by paycheck system is different from other popular methods in that it doesn’t dictate how much people should spend in each category or what percentage of income should go toward which goal.
Rather, it allows individuals to figure out what they can afford and then work within those constraints. This method can be especially helpful for people who have variable incomes or who want more flexibility in their spending.
This budgeting method is perfect for those who have an irregular income and want to make sure they’re not spending more than they’re making. Or for those with a stable income, but a knack for spending too much money.
More importantly, you need to dedicate the time needed to stay on top of your budgeting and spending.
Know someone else that needs this, too? Then, please share!!
Mortgage Investors Group, or MIG for short, has a familiar story in that they were founded by a small group of loan officers before growing into a billion-dollar independent mortgage bank.
What makes them more special is the fact that they’ve been around since 1989, a testament to their staying power in the very unforgiving mortgage industry.
That means surviving a few housing booms and busts, yet carrying on and continuing to grow along the way.
A couple of their claims to fame include being the Tennessee Housing Development Agency’s (THDA) top lender annually since 2003.
And the number one USDA home loan lender in Tennessee every year since 2014. Let’s learn more about them.
Mortgage Investors Group Fast Facts
Direct-to-consumer retail mortgage lender
Offers home purchase loans, refinances, and reverse mortgages
Founded in 1989, headquartered in Knoxville, TN
Funded about $4 billion in home loans last year
The 3rd largest mortgage lender in the state of Tennessee
The Tennessee Housing Development Agency’s (THDA) top lender since 2003
The #1 USDA home loan lender in TN since 2014
Mortgage Investors Group is a direct-to-consumer retail mortgage lender based out of Knoxville, Tennessee (pictured above is the Sunsphere from the 1982 World’s Fair there).
As noted, they got started all the way back in 1989 by co-founders Chuck Tonkin II and Chrissi Rhea, along with five colleagues.
Today, the company has grown to 26 branch locations and 450 employees, with more than $20 billion in closed loans since inception.
This means you can apply for a mortgage at a local branch or online via their website.
Last year, they mustered nearly $4 billion in total loan volume, despite only working in the Southeast.
They’re licensed in just nine states, including Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee.
In their home state, they are the third largest lender, beaten out only by behemoth Rocket Mortgage and megabank Wells Fargo.
The company is also quite active in nearby Alabama and Georgia, the #1 USDA loan lender in Tennessee, and the top Tennessee Housing Development Agency (THDA) lender since 2003.
Roughly 60% of their volume consisted of home purchase loans, meaning they’re probably a good choice for a home buyer.
The rest was made up of mortgage refinances, home improvement loans, and reverse mortgages, all of which are geared toward existing homeowners.
How to Apply with Mortgage Investors Group
To get started, you can either visit their website or head over to a local branch if one happens to be situated nearby.
Their website offers a wealth of information, including how-to guides, mortgage calculators, a mortgage glossary, and a loan officer directory.
You can search for loan officers by location or name, then apply directly from their webpage once you find the individual you’d like to work with.
MIG offers a digital mortgage application that uses the latest technology to ensure a quick and pain-free loan process.
This includes the ability to fill out an app from a smartphone or computer, eSign disclosures, and scan and upload documents.
Additionally, their on-site underwriting, loan processing, closing, and appraisal services mean you can get to the finish line without delays.
This is especially handy in a competitive housing market where time is money and then some.
Available Loan Programs at Mortgage Investors Group
Home purchase loans
Refinance loans: rate and term, cash out, streamline
Conforming loans backed by Fannie Mae and Freddie Mac
Jumbo loans
FHA loans
VA loans
USDA loans
Reverse mortgages
Reverse purchase mortgages
Georgia Dream loans
THDA loans
Down payment assistance loans
Fixed-rate and adjustable-rate options available in various loan terms
One standout area for Mortgage Investors Group is their selection of loan programs, which is seemingly endless.
Aside from all the usual stuff like loans backed by Fannie, Freddie, and the FHA/USDA/VA, they offer jumbo loans, reverse mortgages and even reverse purchase mortgages.
They also have several options for first-time home buyers and low-to-moderate income borrowers, including the Georgia Dream loan and THDA loans.
Their Home Court Advantage program offers up to 105% of the purchase price and includes a second mortgage that can cover down payment, closing costs, and other prepaid items.
Both fixed-rate and adjustable-rate mortgages are available in various loan terms, including 15-year fixed mortgages and 5/1 ARMs.
They lend on all major property types, including single-family homes, condos/townhomes, and multi-unit investment properties.
Mortgage Investors Group Rates
Mortgage Investors Group says they’re here to get you an affordable mortgage with award-winning service, but they don’t post their mortgage rates online.
In order to get pricing, you’ll either need to call up a loan officer on the phone or fill out a preliminary application online to get in touch with one.
At that point, you’ll you be able to receive a mortgage rate quote and determine what lender fees they charge, if any.
Because they don’t publicize mortgage rates, the only real hint we have is customer reviews, which are generally favorable.
But pricing will always depend on the loan scenario in question. And you should always obtain several mortgage rate quotes to ensure you don’t miss a lower-priced, quality option.
Be sure to compare Mortgage Investors Group’s quoted mortgage APR to other lenders, which factors in both lender fees and the interest rate.
Mortgage Investors Group Reviews
Over on Zillow, Mortgage Investors Group has an almost-perfect 4.97-star rating out of 5 from over 2,500 customer reviews.
Many of the recent reviews indicate that the interest rate and/or closing costs were lower than anticipated, a good sign if you want a low-cost mortgage.
They’ve also got a perfect 5.0-star rating from over 100 Google reviews, along with a 4.7-star rating on Facebook from roughly 130 reviews.
The company is an accredited business with the Better Business Bureau (BBB) and currently holds an ‘A+’ rating based on customer complaint history.
Speaking of, they’ve only had one complaint closed over the past three years.
To summarize, Mortgage Investors Group seems to be a particularly good choice for home buyers thanks to their wide range of first-time home buyers loan programs.
This is especially true for those short on down payment funds or income, as they work extensively with the Tennessee Housing Development Agency and USDA.
But they’re also quite active when it comes to mortgage refinancing as well, so they could also be a great choice for an existing homeowner too if their mortgage rates and fees are competitive.
Mortgage Investors Group Pros and Cons
The Good
Offer a digital mortgage application and in-house processing/underwriting
Can apply for a home loan from any device or in-branch with a human
Tons of loan programs to choose from including first-time home buyer and reverse mortgages
Excellent customer reviews across ratings websites
A+ BBB rating
Lots of free loan calculators and how-to guides on their website
Website also available in Spanish
The Maybe Not
Only licensed in a handful of states in the Southeast
Do not publicize mortgage rates or lender fees online
Both 15-year fixed and 30-year fixed refinances saw their average rates trail off this week. The average rates for 10-year fixed refinances also declined.
Amid its ongoing battle to fight inflation, the Federal Reserve announced a 0.25% hike to its target federal funds rate on May 3. Refinance rates, like mortgage rates, fluctuate on a daily basis and could see further movement in response, or they could stay generally the same.
“The market has already built in the expectations for a 25-basis-point hike in May and then no further hikes after that,” says Scott Haymore, head of capital markets and mortgage pricing at TD Bank.
With inflation falling steadily from its peak last summer, the Fed has signaled that the end of the current rate hiking cycle may be in sight. Depending on incoming inflation data, the Fed may hold rates where they are — but not cut them — until inflation reaches its 2% goal.
“Ultimately, more certainty about the Fed’s actions will help to smooth out some of the volatility we have seen with mortgage rates,” says Odeta Kushi, deputy chief economist at First American Financial Corporation.
As the Fed aggressively ratcheted up its federal funds rate in 2022, refinance rates spiked, but we’re seeing signs that rates may be slowly starting to level out as inflation eases.
For the first three meetings of 2023, the Fed has adopted smaller rate increases — 25 basis points as compared with the 75- and 50-basis-point increases common last year — as it waits to see the cumulative effects of policy changes on inflation.
Looking at average mortgage rate data for the past year, mortgage rates hit a peak in late 2022 and have been trending down since then. We’re still a long way from the record-low refinance rates of 2020 and 2021, but borrowers may see rates fall in 2023.
“With the backdrop of easing inflation pressures, we should see more consistent declines in mortgage rates as the year progresses, particularly if the economy and labor market slow noticeably,” says Greg McBride, CFA and chief financial analyst at Bankrate. (Bankrate, like CNET Money, is owned by Red Ventures.) He expects 30-year fixed mortgage rates to end the year near 5.25%.
Regardless of where rates are headed, homeowners shouldn’t focus on timing the market, and should instead decide if refinancing makes sense for their financial situation. As long as you can get a lower interest rate than your current rate, refinancing will likely save you money. Do the math to see if it makes sense for your current finances and goals. If you do decide to refinance, make sure you compare rates, fees, and the annual percentage rate — which shows the total cost of borrowing — from different lenders to find the best deal.
30-year fixed-rate refinance
The average 30-year fixed refinance rate right now is 7.05%, a decrease of 16 basis points compared to one week ago. (A basis point is equivalent to 0.01%.) A 30-year fixed refinance will typically have lower monthly payments than a 15-year or 10-year refinance. This makes 30-year refinances good for people who are having difficulties making their monthly payments or simply want a bit more breathing room. In exchange for the lower monthly payments though, rates for a 30-year refinance will typically be higher than 10- or 15-year refinance rates. You’ll also pay off your loan slower.
15-year fixed-rate refinance
The average rate for a 15-year fixed refinance loan is currently 6.49%, a decrease of 13 basis points from what we saw the previous week. A 15-year fixed refinance will most likely raise your monthly payment compared to a 30-year loan. However, you’ll also be able to pay off your loan quicker, saving you money over the life of the loan. 15-year refinance rates are typically lower than 30-year refinance rates, which will help you save even more in the long run.
10-year fixed-rate refinance
The average 10-year fixed refinance rate right now is 6.60%, a decrease of 11 basis points from what we saw the previous week. Compared to a 15- or 30-year refinance, a 10-year refinance will usually have a lower interest rate but higher monthly payment. A 10-year refinance can be a good deal, since paying off your house sooner will help you save on interest in the long run. Just be sure to carefully consider your budget and current financial situation to make sure that you can afford a higher monthly payment.
Where rates are headed
At the start of the pandemic, refinance interest rates hit a historic low. But in early 2022, the Fed started hiking interest rates in an effort to curb runaway inflation. While the Fed doesn’t directly set mortgage rates, the Fed rate hikes led to an increased cost of borrowing among most consumer loan products, including mortgages and refinances. Mortgage rates hit a 20-year high in late 2022.
Recent data shows that overall inflation has been falling slowly but steadily since it peaked in June 2022, but it still remains well above the Fed’s 2% inflation goal. After raising rates by 25 basis points in March, the Fed has indicated (PDF) it plans to slow — but not stop — the pace of its rate hikes throughout 2023. Both of these factors are likely to contribute to a gradual pull-back of mortgage and refinance rates this year, although consumers shouldn’t expect a sharp drop or a return to pandemic-era lows.
We track refinance rate trends using information collected by Bankrate. Here’s a table with the average refinance rates reported by lenders nationwide:
Average refinance interest rates
Product
Rate
A week ago
Change
30-year fixed refi
7.05%
7.21%
-0.16
15-year fixed refi
6.49%
6.62%
-0.13
10-year fixed refi
6.60%
6.71%
-0.11
Rates as of June 2, 2023.
How to find the best refinance rate
It’s important to understand that the rates advertised online often require specific conditions for eligibility. Your interest rate will be influenced by market conditions as well as your specific credit history, financial profile and application.
Having a high credit score, a low credit utilization ratio and a history of consistent and on-time payments will generally help you get the best interest rates. You can get a good feel for average interest rates online, but make sure to speak with a mortgage professional in order to see the specific rates you qualify for. To get the best refinance rates, you’ll first want to make your application as strong as possible. The best way to improve your credit ratings is to get your finances in order, use credit responsibly and monitor your credit regularly. Don’t forget to speak with multiple lenders and shop around.
Refinancing can be a great move if you get a good rate or can pay off your loan sooner — but consider carefully whether it’s the right choice for you at the moment.
Is now a good time to refinance?
In order for a refinance to make sense, you’ll generally want to get a lower interest rate than your current rate. Aside from interest rates, changing your loan term is another reason to refinance. When deciding whether to refinance, be sure to take into account other factors besides market interest rates, including how long you plan to stay in your current home, the length of your loan term and the amount of your monthly payment. And don’t forget about fees and closing costs, which can add up.
As interest rates increased throughout 2022, the pool of refinancing applicants contracted. If you bought your house when interest rates were lower than they are today, there may not be a financial benefit in refinancing your mortgage.
Despite the best laid plans of mice and men, there are times when the unforeseeable just waltzes into your life and poops on your budget. Sure you have a budget of $400 a month for groceries. But then:
Your brother and sister-in-law and their four kids came for a week.
Or when you least expect it, your best friend announces she’s getting married and you have to find a way to pay for a $200 dress.
Or you find out your kid is failing math and the only way to pull his butt out of the fire is with a tutor that’ll cost you $60 a week.
Friends and family can be your worst enemies when it comes to staying on a budget. It can be a real struggle not giving into to the pressure to go out for dinner, see a movie, or come to a shopping-party where you’ll be expected to lay out some dough. They aren’t trying to mess up your budget, they just want to have fun. And it can be frustrating to watch your pals say they’ve trimmed their budgets even as they head out for a day of mall grazing.
The Curveball Account One of the best ways to cope with life’s constant financial challenges is to have a Curveball Account. This isn’t your emergency fund, which you need for major disasters. This is just a slush fund from which you can draw when unexpected expenses come whizzing at you at 60 miles an hour and you don’t want to throw your budget totally off track. Whether you deposit a little or a lot into this account every month, it can be a real budget-saver.
And if you move all the money you “save” by shopping smartly into this account right after you haven’t spent it, it’ll grow even faster. So the next time you save 50¢ on a coupon, go home and drop that 50¢ into an “I’m-a-Smart-Shopper Jar” and then deposit all those savings to your Curveball Account at the end of the month.
If your slip is minor, you can always cut back on something else in the short-term to get things back on track. So that’ll be less coffee or you’ll take a pass on a night out with the boy so you can rebalance. But if the expense is a whopper — a major car repair when you simply haven’t accumulated enough in your car-repair account — you may have to borrow from your emergency fund to pay the bill. Then you’ll have to trim your spending throughout your budget so you can crank up the automatic transfers to your emergency fund to get it back to where it was.
Short-Term Cutbacks Over-spending may mean you’ll have to balance by under-spending: All those things you routinely buy each day may have to go. Here are some other ways to compensate for over-spending:
No Spend Days are becoming increasingly popular among the frugal set as a way to focus on where the money is going by eliminating the automatic itch to spend. Assigning one day a week as a no-spend day may wake you up to all the ways money disappears, while shoring up your bank account.
Use those points you’ve accumulated on your loyalty cards for things that you would normally have to buy so you can use that money to start or boost your Curveball Account. Airmile points can be redeemed by grocery coupons. Use the coupons for grocery shopping and use your grocery money to boost your Curveball Account.
Give up a vice for one month: no wine, no beer, no ciggies, no candy-bars, no potato chips, no __________________ (insert your weakness here). Once you have the $75, $150, $500 you think you need in your Curveball account, you can go back to your vice if you really want to.
Sell something. Y’know that sewing machine you never use, that guitar you never play, that exercise bike you never ride? Wouldn’t you rather have the money in a Curveball Account so you’re not twisted in knots every time something unexpected comes at you? Have a garage sale, take your stuff to a consignment shop, sell it on e-bay or Craigslist. Bank the money.
Your turn: How do you keep your budget flexible while keeping it on track?
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As you enter the world of improving your life, countless thoughts fill your head. You are afraid that you will not succeed, you will fail over and over again, and it will just be a waste of time.
You wonder how people can be successful? Deep down, you want to prove to others you will be prosperous with money or fame. Your goal isn’t to be revengeful, you just want to prove you can do it.
Well, maybe being successful is not about making money or becoming popular; it’s about having something to say and sharing those secrets with others so they too—can use their smarts to make themselves successful.
As quoted by Frank Sinatra, “the best revenge is success.”
When wanting to succeed, it’s easy to be discouraged and think that your goals are unobtainable or too far away.
You can beat those feelings of doubt by reminding yourself how hard you’ve already worked for what you have today-and who knows where your life will be in a few short years if all goes well?
You deserve to feel why success is the best revenge.
Success can be a powerful motivator, and revenge can be the perfect way to achieve it.
Many people believe that success is defined by achievement or wealth, but this isn’t always the case. Success is a feeling, and it’s often determined by how hard you work and how dedicated you are.
Here are motivation tips to begin your steps of starting your thoughts of thriving.
Why Success Is the Best Revenge
Success is the best revenge because it gives you the opportunity to prove exactly what you’re capable of.
Most successful people are a lot more focused on themselves and achieving their dreams than on truly seeking revenge. You are more focused on proving your naysayers wrong.
Do You Want Success or Revenge?
Revenge can provide a sense of satisfaction and some control over events that have happened in the past.
Satisfaction from achieving success often lasts longer than the satisfaction from achieving revenge.
At the end of the day, most people just want success more than finding revenge. It is just a nice kicker to have success as well.
Is Success the Best Revenge?
Retribution can be a motivating factor to achieve success.
Revenge can indeed be sweet, as the saying goes, but it can also be profitable. However, revenge is often more costly, both emotionally and financially when the end result is hurting others.
Success is the best revenge for those who have faced many enemies along their way to the top. It serves as a form of motivation and proves that hard work and dedication will pay off in the end.
Should You Use Success as the Best Revenge?
Success is not the answer to all of life’s problems, but it can be an alternative that works for some people.
Revenge may not be the ultimate way to get back at those who have hurt you in some way, but it can be a powerful motivation.
You need to take time for self-reflection on yourself and your situation.
For many, they view this when they become financially independent.
Who said the best revenge is success?
Success can be a great motivator.
Frank Sinatra is quoted as saying “the best revenge is success.”
On the surface, we remember Frank Sinatra for being one of the best-selling music artists of all time. However, his early successes were stalled and he needed to find a way to make a comeback that we all watch unfold.
Don’t try to seek revenge on others.
Figure out what success means to you and go after it.
How to Make Success The Best Revenge
When you are focused on success, it consequentially will become the best revenge. You stop caring about what others think or say about you and start focusing on what you can control. This will help you achieve your income and be successful.
There are many different ways to achieve success in life.
What works for one person might not for another, so it is important to find what makes you happy and go for it. Success is attainable by anyone who sets their mindset to it and toils hard for it. Don’t let anyone tell you that you can’t do something-success is the best revenge!
Motivation Tip #1: Make a list of your goals and dreams.
Start with the long-term ones, then build on those that are within reach.
The most important goal is to find your dream.
To find success in life, one must first set their mindset to it and grind hard for it. Success is attainable by anyone who sets their mind to it and labors hard for it.
Motivation Tip #2: Be very specific in what you want
You must be specific about your dreams and how you’ll achieve them. Staying safe with just general feelings and ideas will not perform true success.
This is the best kind of motivation because it leads you to make tiny, personal steps that are not only achievable but will also prepare you for a life that may vary unexpectedly in the future. This motivates you to achieve your current modest goal and also grants you the self-confidence necessary to conquer bigger ones.
For example, I want to earn double my current annual income in three years.
Motivation Tip #3: Take action with visible goals
Make sure you write down your ambitions and dreams in a place where you can see them every day.
This may mean writing your goals down on a piece of paper and carrying them with you. Maybe have sticky notes around your computer. Or on your mirror, when you get up in the morning.
This will help keep them top of mind and motivate you to take the actions you need to achieve them.
Motivation Tip #4: Silence Is Wisdom
Successful people let their achievements do the talking.
One of the reasons to avoid social media is because you don’t want to attract fakers, posers, and “wantrepreneurs.” These people are only going to waste your time and energy.
Success can be achieved through organic methods or by word of mouth- you don’t need the extra noise that naysayers will create.
Motivation Tip #5: Uncover Your True Self Motivation
Revenge can be the fuel to drive you to accomplish great things, but it’s important to be kept in mind WHO you are doing this for.
Don’t make your success, just about revenge. That is not the person you strive to be.
However, if your only motivation for success is revenge, it can consume you and make you lose sight of what you’re working for.
If you are wondering why you want success, then it is important to identify your true motivation. You need to be able to answer this question in order for you to understand your true purpose and understand how to stay on track.
Motivation Tip #6: More Time Freedom
Time freedom, as a measure of success, is subjective and difficult to put into words.
Some people may define it by saying they are able to do what they love while maintaining their job or they have enough time to pursue their passions while still maintaining a stable income. Other people may define it by saying they are able to spend more time with family and friends or have fewer bills and stress.
You need to uncover time freedom as motivation in your path to success.
Motivation Tip #7: Show Gratitude For The Important Things
Appreciation for the important things in life is key to success.
Having a gratitude journal can help you keep track of all the people, places, and events that have had an impact on your life. You can also take pictures of these things and write a list of why you appreciate them.
It takes a lot of hard work to achieve success and it’s important to remember that not everyone will appreciate it as you do. People may be jealous or resent your success, but the only way you can change that is by continuing to labor hard and showing them what you’ve accomplished.
Saying I appreciate you is important.
Motivation Tip #8: Perseverance is Key
It is important to not give up on your ambitions and always keep going, no matter what.
Achievement is sweet-tasting because of perseverance.
When someone has to turn around and give up, the achievement they finally accomplish is all the sweeter because it was only possible through their own efforts.
That is the high value of achievement is that it’s a result of hard work and perseverance.
Motivation Tip #9: Life Will Throw You Curveballs
The path to success is a narrow road filled with obstacles and checkpoints that test your willpower.
It’s up to you to tell yourself that quitting is an option, and only you can decide if you accept or reject the obstacles on your way to success.
Especially if you are looking to double 10k quickly, your path will be anything but linear.
Motivation Tip #10: Be Prepared for Unmotivation Thoughts
When you feel unmotivated, pull out your dream goals and look at them. It will give you a boost of energy to get back on track.
Failure should be motivated to keep pushing your dream and actually achieve it.
Also, realizing who you are is important in achieving success.
Success is the product of unlocking your mindset and being open to achieving prosperity.
Why they say success is the best revenge?
It is said that success is the best revenge.
The reason behind this is that the people who have succeeded in life have had a lot of problems to go through. Therefore, they would have been very angry at the world and would have wanted to make the world pay for what they did to them. Therefore, when they succeed, they are taking revenge on the world for all the suffering they had to go through.
Success is all about you. Revenge is a waste of time.
Success is the best revenge because it gets you focused back on your mission.
Part of the reason the 100 envelope challenge has skyrocketed in popularity is due to others wanting to prove themselves on social media.
What revenge is massive success?
Massive success is when you achieve a lot of things in your life. Success should be the goal you pursue, not revenge.
Revenge can be a strong motivator, but it should not be the only thing that drives you.
The promise of success is often enough to keep people going, and when they finally achieve their goals, it’s a great feeling.
However, using this sense of accomplishment as revenge against those who have wronged you in the past can backfire in the long-term.
Instead, focus on your own success and let that be your motivation.
Take a look at the billionaire morning routines to set you up for quicker success.
Successful is the Best Revenge with Money
Revenge can be a very powerful motivator, but it should not be the goal you pursue in life. Instead, focus on achieving massive success so that you can feel vindicated.
Success is the best revenge, and it is also more rewarding and satisfying than any other form of retribution.
Focus on what you can control and what will help you achieve your goals.
One of the best ways to motivate yourself is to remind yourself of all the times you felt like giving up, but finally succeeded in your success. By reminding ourselves of this on an ongoing basis, we find enjoyment for the lesson, and a desire to help others succeed as well.
The idea of success is an idea that many people want.
Success means achieving the things you want or the goals you set out to accomplish in life.
Success creates rewards and financial, personal, and even health benefits. Sometimes, depending on the lifestyle of your goals and pursuits, there might be no better feeling than realizing your search for a particular reward has been successful.
Know someone else that needs this, too? Then, please share!!