Do you ever need a reminder that you CAN do it? You CAN make your dreams happen. You CAN move past your current financial status. You CAN leap, jump, run toward success?!
Your success is due in large part to your mindset. But do you want to know a secret? The most successful people I know understand this: WINNING TAKES WORK.
The work starts within, but then you must take action.
If you’re feeling discouraged about where you are in your financial journey, watch the short video below and be prepared to be inspired to keep going.
Here’s a tip that helped me to change the direction of my finances. Learning what my debt-to-income ratio was.
What’s a debt-to-income ratio? It’s the amount of debt you have as compared to your overall income. Basically, it’s what you owe each month compared to how much you earn.
Your debt-to-income ratio should ideally never go over 36%. That means no more than 36% of your total income (before taxes) should go towards payments for rent, mortgage, credit cards, or other debt.
Your debt-to-income ratio is a major piece of your overall financial health. The higher the ratio, the lower your health. Poor financial health can affect your ability to buy a home, get a car and can sometimes even prevent you from getting a job.
Here’s where the WORK comes in. In order to WIN at your money, you’ll have to begin to pay down debt and slowly eliminate what you owe.
Not sure how to begin the work? I’ve found a free resource to help you get started, Turbo. Free from the makers of TurboTax, Turbo is the financial health app that will change your financial future.
Turbo is the first and only financial health profile that unleashes the power of verified IRS-filed income, credit score and debt-to-income ratio, showing consumers where they truly stand and helping them get to where they want to be.
In my last blog post, I encouraged you all to share your mistakes – admit, identify and tell a friend. Through the Turbo #RealMoneyTalk campaign, we’re getting the financial conversation started and I wanted to share this post from Renee.
This really resonated with me because she decided that THEY were wrong and worked toward making her dream real. Thank you for sharing Reneee.
Get Turbo here: http://intuit.me/2D96Ts2. There’s no excuse not to win. ☺
Let me know that it's real by tweeting your intentions to your network...I CAN and WILL win with my finances. Thanks, @IntuitTurbo for the free resource. #RealMoneyTalk Click To Tweet
My Lisa Rule: I have 4 sisters and Lisa is the baby (well she’s not a baby anymore). Of all of my sisters, I’m the most protective of her. Before I share any product or service with you, it must pass my Lisa Rule.
What’s the Lisa Rule? Lisa is a Dream Catcher and follows the advice I give here as well. If I would not advise Lisa to use a product or service, I won’t advise you to. YOU are my Lisa. I feel protective of you and your financial journey.
TURBO passes my Lisa Rule. Yes, I am a paid partner of TURBO’s, but I would not recommend a product or service that I didn’t believe was helpful and useful.
This is a sponsored conversation written by me on behalf of Turbo. The opinions and text are all mine.