4. Put money aside for a big purchase
Many of us would love to buy a new car, new furniture, trendy electronics, or upgrade our wardrobe, but may not have had the funds to make these lifestyle upgrades. If your bonus is big enough, this may be the time to set aside money to make a big purchase. While I don’t suggest that you use all your bonus, this can give you a head start on achieving your dreams.
5. Start investing in real estate.
Broadly stated this could range from buying your own first home, to investing in income-based properties. Many of the great financial lifestyles we seen have real estate as part of their portfolio. The wealth accumulation opportunities, when done properly are extraordinary and many times the easiest way to start is to have saved the funds needed for that first purchase or additional purchases. Instead of putting all your eggs in one basket, spread them out to increase your chance of reaching true Lifestyle Financial Freedom.
6. Invest in yourself.
It’s been said by many psychiatrists and psychologists that “when you are investing in yourself it can be one of the best investments you will ever make”. Think of the benefits to your lifestyle and those who you impact daily. Use this bonus money to invest in a certificate program that can benefit your career, buy some new books, hire a personal coach or trainer, or even sign up for an online course you have been thinking about taking. Invest in yourself now and watch how your value will go up in the short and long term.
7. Give to a charity.
Not only is giving to a good cause a noble thing to do, but it can also help increase your good/cool feelings. We all know that universal law that says, “The more you, give the more you receive.”, not being “preachy” here but consider using some of this bonus to your lifestyle as a lifestyle bonus to others.
8. Have some fun!
If you have been following your lifestyle budget strictly and have been diligent with prioritizing finances, then this might be a good time to let your hair down. Have some fun, use some of your bonus to simply enjoy yourself! Kick it in to FLM Lifestyle gear and buy an expensive dinner, purchase a piece of jewelry you’ve always wanted, or go on a (Covid Safe) week’s excursion that’s on your bucket list. We only live once, so if you’ve been doing your thing responsibly, then it’s about time to enjoy the fruits of your labor…use some of that bonus to Have Some Fun!
As always, I hope my tips benefit your lifestyle. Starting this month and going forward I will have an added bonus video link that you can check out. Which will give you some added pointers to improve your Financial Lifestyle Toolbox!
For more information connect at [email protected] * www.1stcig.com * 312-952-8040/Cell * 312-243-3907/Office