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A Personal Finance Coach On How Much Of Your Paycheck You Should Spend vs. Save

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Sometimes it can be difficult to figure out the best way to make your monthly paycheck go the distance, yet when you’re trying to mindfully manage your money this is one of the most important questions you an ask yourself. As a personal financial coach, I’ve seen that many of my clients have trouble divvying these up so that they end each month in the black (on budget) and not in the red (ouch, overbudget).

The key to paychecks: Do the hard thing first.

You’ve probably heard productivity experts suggest that the key to success is “eating the frog” each morning, which essentially means doing the hardest thing on your to-do list first to get it off your plate and help the rest of your day progress more smoothly. Well that doesn’t apply just to your to-do list; it can also apply to your wallet.

We’ve all been there: You get your paycheck (cha-ching!) and all of a sudden, your spending trigger finger gets itchy. “First round of kombucha is on me!” or “Tickets to Tulum, finally!”…right?

I’m not saying to make these things off-limits entirely, but starting the month off with them isn’t the best idea. In the end, it means you’re more likely to dip into your savings to make sure you can cover your monthly bills. 

So when you get your paycheck, start by eating the frog. That means pay your bills first. This will give you a better idea of what you can actually afford and what you can’t. Plus, it will ensure that you’re not going to submit a late payment (or miss a payment), which will help keep your credit score from being dinged.

It sounds obvious, but many people don’t do it! The best way to stay on top of it is to set up automatic monthly payments from a deposit account. It adds discipline to the process without you having to think about it. 

From there, think of the 70-30 rule.

These bills play into the 70 percent of your monthly paycheck that should be going toward your “essentials”—all those living expenses, such as your mortgage/rent, utilities, insurance, food, and other literal needs (soap! toilet paper!). I also recommend putting 5 percent of this pool into your emergency fund each month, in case your car dies or laptop refuses to start.

Then, break it down further into 15-15.

Fifteen percent of your paycheck should be going to your “endgame,” aka things for your future like savings accounts, investment accounts, and retirement accounts. Don’t frame it as a burden to have a 15 percent “bill” every month. Think of the endgame as being the lovely stuff you get down the line from this 15 percent. I promise you that “future you” will thank “present you” for it.

Now comes the fun part, because building some wiggle room into your budget is a must if you want to stay on track. Allowing yourself indulgences here is essential to keeping your budget on track so that you don’t get “money hangry” and end up splurging on something that’ll leave your wallet hurting.

The remaining 15 percent of that monthly paycheck is for the “extras,” meaning, whatever does it for you. First round on you at happy hour? That comes outta this 15 percent. Those concert tickets you’ve been eyeing? That also comes out of this 15 percent. You can spend this money freely and confidently, knowing that you’re not dipping into any other categories to drum it up.

By doing the hard thing first and paying your bills before you start spending on additional shopping, dining out, or entertainment, you’re ensuring that bills are paid on time, and you’re not dipping into your savings to make sure your insurance premium is paid.

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The Daily Beast doubles down on its journo-terrorism tactics that doxxed a black Trump supporter and subjected him to potential violence from deranged Leftists

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(Natural News) If this doesn’t prove beyond a shadow of a doubt that the Left-wing “mainstream media” is no longer focused on news that informs our citizenry with an aim towards improving and strengthening our republic, nothing will.

Apparently because nothing else is more important in this day and age, The Daily Beast assigned a reporter to look for the person who trolled House Speaker Nancy Pelosi with a meme that pokes fun at her inability to get through news conferences these days without sounding like she’s wasted.

What’s more, the reporter — Kevin Poulsen — managed to learn the identity of the person because someone at Facebook readily revealed him.

According to Poulsen’s article, the claimed he was looking for a “Russian troll behind the ‘Drunk Pelosi’ viral video” — because to the Left, only ‘Russians’ would dare make fun of Democrats in the first place. 

“Turns out he’s an itinerant forklift operator from the Bronx who’s been secretly running hard-right ‘news’ outlets across social media for years,” Poulsen tweeted. “Also, not Russian.”

From Poulsen’s story:

On May 22, a Donald Trump superfan and occasional sports blogger from the Bronx named Shawn Brooks posted a video clip of Nancy Pelosi on his personal Facebook page. The clip showed Pelosi at her most excitable, stammering during a press conference as she voiced frustration over an abortive infrastructure meeting with the president. Brooks’ commentary on the video was succinct: “Is Pelosi drunk?”

Thirteen minutes after that, the ‘offending’ forklift driver — Shawn Brooks, who is black and conservative — posted a different Pelosi video to a Facebook page called, “Politics Watchdog, which is “one of a series of hyper partisan news operations Brooks runs (with help, he claims),” Poulsen wrote.

Facebook should be sued, and should LOSE

Brooks, Poulsen wrote, would go on to post “the same doctored video” to a second Facebook page that he manages, AllNews 24/7. “This clip was identical to the Politics WatchDog video on every way, except that it didn’t carry the Politics WatchDog branding that was superimposed over the earlier video,” Poulsen wrote.

Wow, what a sleuth. And of course, The Daily Beast’s editor doubled down on the journo-terrorism during an appearance Sunday on CNN, whose host, little Brian Stelter never questioned him. 

Not only was Facebook an accessory in Poulsen’s act of journo-terrorism — through the doxxing of Brooks — but the platform also cut off Brooks’ source of income from the video after it had already earned $1,000. (Related: New alternatives to Twitter, Google, Facebook rapidly emerging: These sites won’t censor you.)

“We have zero interest in making money from fake news and our policy is to not allow people to make money from content that has been rated false by a fact-checker,” the company said in a statement. 

Unless, of course, that fake news is coming from Leftist “mainstream” sources like The Daily Beast, The New York Times, the Washington Post, or CNN, all of which have been responsible for publishing scores of phony reports claiming or suggesting the 2016 Trump campaign “colluded” with Russia to “steal the election from Hillary Clinton,” or that special counsel Robert Mueller’s report claims the president “obstructed justice” (it does not).

Facebook helped The Daily Beast dox a user who cannot sue — or so the platform thought. According to The Gateway Pundit, Brooks has started a GoFundMe page to raise money for a legal action.

Here’s hoping Brooks raises plenty of cash to sue the pants off of Mark Zuckerberg and his loathsome platform. What a sellout he is to authoritarianism.

This journo-terrorism has to stop. It’s no wonder no one trusts any media, even those of us who regularly report the truth.

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Hollywood studios’ demand for round-the-clock abortions reveals demonic sickness and psychopathy of the “entertainment” industry, including Disney

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(Natural News) The American entertainment industry, which is almost entirely dominated by Leftists, absolutely hates human life. In fact, Hollywood is so anti-human life that nearly every production studio that currently makes films, television shows, or commercials in the state of Georgia is threatening to leave over the state’s recently signed-into-law “heartbeat” bill to protect the lives of unborn human babies from being aborted after their heartbeats become detectable, which is around six weeks gestation.

(Natural News) The American entertainment industry, which is almost entirely dominated by Leftists, absolutely hates human life. In fact, Hollywood is so anti-human life that nearly every production studio that currently makes films, television shows, or commercials in the state of Georgia is threatening to leave over the state’s recently signed-into-law “heartbeat” bill to protect the lives of unborn human babies from being aborted after their heartbeats become detectable, which is around six weeks gestation.

Hollywood claims that its threats are somehow virtuous because “women’s health” is now supposedly at risk. It’s as though there’s no other way to avoid pregnancy, according to Hollywood Leftists, than to stab an unborn baby in the head, tear apart its tiny limbs, and either dispose of the remains or sell them on the black market to buy Lamborghinis.

It’s just ancient paganism repackaged, abortion being an act of mass sacrifice to the Canaanite god Moloch, which Hollywood and the rest of the Left Cult somehow believes is good and moral. But to everyone else, it’s about as Satanic as it gets to suggest that protecting unborn human life represents “oppression,” and something worthy of economic retaliation.

“There is no higher value in our cosmopolitan overlords’ minds than a woman’s ability to kill her own baby free from any consequence,” writes Chris Menahan for Information Liberation about the absolute derangement of today’s Leftists. “Abortion is their bible, abortion is their religion … Abortion is a religious sacrament.”

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“Women must be allowed to kill their own babies at any point – even post-birth – and then throw their aborted babies straight into the trash to thunderous applause … This is ‘our values.’ This is ‘who we are,’” Menahan adds.

For related news, be sure to check out Abortions.news and LiberalMob.com.

If you support Hollywood with your dollars, you’re fueling the continued Satanic practice of mass sacrificing unborn human lives

Keep in mind that it’s not just Netflix that’s threatening to boycott Georgia over its heartbeat bill. Nearly every major production company from WarnerMedia to CBS Corp. to Viacom Inc. to NBCUniversal, as well as Disney, wants round-the-clock access to abortion or infanticide in Georgia.

According to Bob Iger, the current head of Disney, the children’s programming company will have a “very difficult” time continuing to make productions in Georgia if the state’s heartbeat law persists unchallenged – because Hollywood actresses, in case you didn’t know, can’t keep their legs closed, and thus have to maintain unmitigated access to Planned Parenthood in order to quickly and easily dispose of their “clumps of cells” in between takes.

This is the filth you’re supporting, America, every time you renew your Netflix subscription, pay your cable bill, or go to the movies for “date night.” There’s no longer a valid excuse for continuing to shell out cash to Mystery Babylon’s entertainment-industrial complex, which is all but completely controlled by Satan-worshippers with a bloodlust for unborn human corpses.

Commenting on both the irony and hypocrisy of Hollywood studios colluding with one another to overturn the democratic process in Georgia, a page known as “Woke Capital” tweeted acerbically in response to Hollywood’s threats against the Peach State:

“Democracy is a $157B market cap corporation (Netflix) fighting in court to overturn a state law, with threat of economic sanctions should they not get their way.”

In other words, these Hollywood demons are doing exactly what they’ve been falsely accusing President Trump of having done while on the campaign trail, projection being another Leftist “virtue” that rears its ugly head every time a Leftist doesn’t get his or her way.

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5 ways to make the most out of your MBA program

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Most prospective candidates typically calculate their return on investment (ROI) of their MBA degree before venturing into it. However, while looking through the figures and equations that are typically centred around life after graduation, many people overlook the returns that exist even while still working through the program.

While these returns are not typically financial in nature, they may still be responsible for impacting your financing or improving the quality of your in other non-financial ways.

Here are some benefits of an MBA to consider while beginning your program that would guarantee you instant ROI while still in school.

1.  Advancement in your career prior to graduation

For quite a number of MBA students, they still continue to work either full-time or part-time jobs while earning their degree. However, these set of students are likely to begin getting early returns from their MBA program.

Students can begin applying what they’ve learnt in the classroom in real business world scenarios and the sooner you begin doing this, the earlier you’d reap the financial benefits from your business.

Bachenheimer, a clinical professor of management at Pace University’s Lubin School of Business in New York City, noted that an MBA provides project-based learning activities that allow students to practice solving real business problems.

“An MBA can be much more than the knowledge and skills acquired through coursework; it can truly expand you and your world,” he said in a report.

For example, while applying the knowledge acquired from your MBA classes to your current job, you could earn yourself a raise or a promotion from your current employer—giving you a more lucrative financial position while still studying.

2.  Improves your time management and prioritization skills

As an MBA student, it is important to learn strategic prioritization which is a critical soft skill and integral element of every MBA coursework. However, it also has practical applications which can be extended to your personal and professional life.

Many MBA students juggle a lot of time-consuming but yet critical commitments in addition to their coursework—be it a full or part-time job, family, internship, relationship, volunteer work, social calendar or an organized team sport.

Therefore, learning prioritization is important to not only your degree but to your range of personal commitments.

3.  Access to career support services

One obvious way to impact your MBA’s financial ROI is to take advantage of the services offered by your institution to potentially secure a more lucrative job title and salary.

Taking advantage to these career support services offered by your school strengthens your position as a job seeker even before you graduate as you’d have a better resume, cover letter, networking and interview skills to land the job of your dreams.

According to SFGate, earning a better position and higher salary are the two key reasons prospective MBA students decide to pursue the degree. Therefore, apart from giving students the required hard and soft skills needed to excel in the business world, some MBA programs offer services that help its students secure better opportunities.

For example, with the need for data scientists on the rise, enrolling in an online data science masters program not only gives you the required skills to excel as a data scientist but can help you secure a role in a prestigious organization.

4.  Grow your professional network

This is one advantage that cannot be overemphasized as your fellow students are most likely among the foundational members of a growing list of an invaluable professional network.

It is important to follow up with business connections at your school—be it, teachers, students, visiting faculty or guest speakers—as the connections you make during your MBA program can last a lifetime and lead to personal or work changing opportunities.

During your time as a student, offer assistance—and equally, accept it from—your fellow students as doing this establishes and nurtures relationships even before you graduate.

Apart from students, the professors and faculty working within your MBA program can also be important members of your professional network. They can provide their expertise and a long list of career-related experiences you may need during an exam, business meeting, or product pitch.

The more time you invest in building a professional network while still in school, the more value and higher ROI you’d get from your MBA program.

5.  Acquiring better listening skills

Being able to not just hear the words someone says but understanding the sentiments and context behind them is one the most sort after and invaluable skill sets across industries.

Listening is a fantastic way to strengthen your critical thinking, making you become a more intuitive thinker and a faster problem solver.For example, good listening skills can be the distinction you need to stand out from other candidates during a job interview as you’d be able to clearly interpret and answer the questions directed at you.

Therefore, it is important to hone your listening skills during in-class discussions, team meetings, job interviews and when pitching ideas to classmates during group projects.

Though this benefit is hard to quantify in terms of figures, it is a great way to attain your desired ROI while still studying.

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