As I’ve mentioned before, Financial Literacy is my passion and has been for several years now. With some encouragement from my mom and my husband, it was on my birthday this year that I started this blog. This past week, I posted all of my blog posts on the Facebook page that I recently created for Decoding Your Dollars (you can find it here).
Both starting this blog and posting my blog posts on Facebook have been steps along the way to following my dreams. Can I just tell you how fantastic this feels?! Soon after starting my blog, and then again after sharing all my blog posts on my new Facebook page, I have felt like I am on cloud nine!
This reinforces the importance of following your dreams! Doing so will make you feel amazing! Putting yourself out there may seem risky or scary, but it’s not life threatening, and it’s usually pretty exciting. And it could improve your life – quickly, drastically, and in ways you never imagined!
Some common dreams that people have are dream houses, cars, jobs, and spouses, to name a few. These pieces all come together to create your dream life. So how do we apply “following your dreams” to finances? Let’s look at one of these goals – buying your dream house.
You might have an image in your mind of your dream house, which is a great start. Build a vision board for yourself, which includes all the details about this house and what will be inside it (read more about vision boards in this post). Doing this will get you even more excited about your dream!
Next, hop on the internet and search for house prices in the area where you’d like to live. From there, you can determine the amount you need to come up with in order to put a down payment on your dream house. I recommend aiming for a 20% down payment (I’ll talk more about different types of mortgages in a future post). Break that calculated down payment amount into monthly pieces to be able to determine how much you should save toward your goal. As you see your account balance increasing, you’ll feel encouraged to find more money to put in your bank account.
The down payment amount that you calculated might sound like a lot of money, but don’t get discouraged! If you think creatively, you can come up with ideas to come up with the down payment even quicker than you expected. For example, look for a home that’s priced under market value because the sellers really need to sell, look for a rent to own situation, look for a fixer-upper that only needs cosmetic fixes, to name a few thoughts. You can also come up with a list of things you can do for a fee – running errands for people, cooking meals for busy families, yard work, etc. Before you know it, you’ll have the keys to your dream house in your hand! You can do it!
If you find that you need a little extra encouragement, have I got a blog suggestion for you! When you sign up to follow the blog, it’s like a pep rally in your inbox each day. The posts will get you really energized to follow your dreams! Enjoy! www.dailypeptalks.wordpress.com
So, get out there and dream big! Then break those dreams into attainable goals that you can achieve along the way. As you start to achieve those mini-goals, you’ll get even more excited about the overall dream and that will help you make it there faster! Following your dreams will get your creative juices flowing, which will make the journey seem easier and exhilarating. Have fun with it!
Thank you for your support while I follow my dreams – I really appreciate it!
Fun fact for today – Did you know that $1 bills last in circulation ~18 months, $5 bills are in circulation for ~15 months, $20 bills are in circulation for ~2 years, and $50 and $100 bills are in circulation for up to 8 years? From that information, it seems like $5 bills are the most popular form of paper currency! (Source: http://blog.lendingclub.com/the-us-dollar-bill-50-fascinating-facts/)