Do you need to pay all your bills? I did mine and mine is quite high. I just bought a house. Got the truck payment. I do have an assortment of debts. That the beautiful thing with debt is it eventually goes away because you're making payments. Goes down. Doesn't go up if you don't add to it. Of course. So what is yours? What's your nut? And why not use that as your motivating force going forward to say, you know what?
Evelyn Phipps
@LadyFi · 0:44
Thank you so much for this. I mean, this really puts something on my mind. Like, what is my nut to make this year? Well, the year is almost done, but I would say comfortably from my life that I live right now. I don't know, maybe 62,000 a year would pay all my bills and my car notes and housing and stuff like that. I mean, that would be what I will be looking at to be comfortable in the situation that I'm in now
I'd like to be another 20, 30% higher than that to be able to invest in retirement funds and different stock market ventures and silver and gold when it drops down low. So I'd say anywhere between 150 to 170 would be my Nut. If I was given a single client contract for $170 or $200,000 a year, I'd be pretty set. My personal goal is to be generating $250,000 collectively through my multiple business streams. And that's a work in progress
Swell Team
@Swell · 0:15
J.L. Beasley
@Her_Sisu · 3:18
Hey, great, swell. And the CPA I use actually asked this question earlier this year and now I resigned from my job this past July. I'm self employed. And she asked it, it was either December of last year or January of this year. I remember it being around the time that I was saying to myself, I said to my significant other that by this time I'll be done with working and have a plan to be self sufficient and self employed
Tanya Coles
@MsColes77 · 2:54
But it is a great thing to do because it helps you put all that in perspective, because either you need more money than you realize in order to survive, or maybe you have more money than you realize. And if you put it all on paper, you can kind of see the areas where my money is being drained and I'm losing money. I do have money. I'm not as broke as I thought I was. I got money