All Activity – SUM180

Josh Johnson – Ambassador replied to the topic Cash Flow Budgeting in the forum Grow your savings 7 years, 6 months ago

I’ve never heard of this, but I love the idea of it!

Josh Johnson – Ambassador replied to the topic Reducing The Costs Of Celebrations + Parties in the forum My journey 7 years, 6 months ago

I salute all you parents! Because I can’t even imagine paying for myself + a spouse and kiddos.

Sum180 Lead Coach wrote a new post, Your Home and Your Retirement Plan 7 years, 6 months ago

As we enter the final 10-20 years before retirement, the equity we have in our home often represents a large part of our retirement savings. To make the most of this hard-earned asset, it’s important to make t […]

Antoinette Minor – Ambassador started the topic Does DIY Really Save You Money? in the forum Grow your savings 7 years, 6 months ago

As I am putting things together I’m noticing that decor is definitely a way to make a dent in your budget. As a naturally crafty person I’m not afraid to DIY something that I really want but lately I’ve been noticing that after I buy the materials I’m basically at the same price as the item I originally wanted. For example, faux flowers can be…[Read more]

Antoinette Minor – Ambassador replied to the topic Co-Working Spaces in the forum My journey 7 years, 6 months ago

I had a coworking space and I loved it but when I looked up it just wasn’t worth it. My space only allowed what I needed during 9-5 and I’m still working a 9-5. Also, it just wasn’t close enough to home. By the time I’d get there I would only have a few moments before I’d have to turn right back around and get home. I ended my contract when a big…[Read more]

Antoinette Minor – Ambassador replied to the topic Retail Arbitrage in the forum Manage your debt 7 years, 6 months ago

This is how companies like Nasty Gal were started. Finding deals for dirt cheap and then turning them for profit. I never thought of trying something like this myself but looking into trying ecommerce. I think I might give this a try!

Josh Johnson – Ambassador replied to the topic If you can't buy three, you shouldn't buy one in the forum Grow your savings 7 years, 6 months ago

Never heard of this mindset, but it definitely makes sense!

Josh Johnson – Ambassador started the topic Co-Working Spaces in the forum My journey 7 years, 6 months ago

I worked at a co-working space for about a year right after I left my full-time job for the freelance life, and I had a love/hate relationship with it so I ended up leaving rather quickly. I checked out another co-working space yesterday and love the community/environment. My productivity was much higher than usual, and I left feeling very…[Read more]

Kayla Buell – Ambassador started the topic Compound Interest Is A Beautiful Beautiful Thing in the forum Save for retirement 7 years, 6 months ago

A year ago I left a company that I had been working for since I was 18. The company had a really great benefits program, and one of them was their focus on having their employees enroll in a 401k, or a 403b in this case since they’re considered a non-profit entity.

Anyway, long story short, when I left that job, I had roughly $55,000 in that…[Read more]

Sum180 Editors wrote a new post, Webcast: How to Launch a Financial Wellness Program 7 years, 6 months ago

In each new installment of the SUM180 Webcast, we discuss issues around your money and share tips to help you reach your goals.

Financial wellness has been a hot topic in the employer benefits sphere in 2017. […]

Antoinette Minor – Ambassador started the topic Cash Flow Budgeting in the forum Grow your savings 7 years, 7 months ago

Hi All,

I recently learned about cash flow budgeting when I started working for a financial counseling agency. It is still not my preferred method of budgeting but I hear of great benefits to budgeting this way. Anyone ever tried or have reasons why they like it?

Here’s a summary of what it…[Read more]

Antoinette Minor – Ambassador replied to the topic Retirement for Entrepreneurs in the forum Save for retirement 7 years, 7 months ago

Thanks for your replies! I’m definitely going to look into the solo 401k and keep it as an option when I do decide to take my leap.

Antoinette Minor – Ambassador replied to the topic Cryptocurrencies in the forum Build your investments 7 years, 7 months ago

A friend of mine knew someone that got onto bitcoin when they were very cheap and now his bitcoins are worth thousands. I’m a little scared to try it myself but please keep us updated because I really am interested in how this world of currency plays out.

Antoinette Minor – Ambassador replied to the topic If you can't buy three, you shouldn't buy one in the forum Grow your savings 7 years, 7 months ago

I’ve never heard of this concept either. I definitely want to try it out!

Kayla Buell – Ambassador started the topic Reducing The Costs Of Celebrations + Parties in the forum My journey 7 years, 7 months ago

With my first child arriving in December, there have been a lot of events recently that have been really expensive. We’re currently in the process of planning my baby shower, and in order to save a bit of money, we decided to host the party at my mom’s house. Most venues here in Miami, FL will charge almost $20/pp for lunch, so we thought we’d be…[Read more]

Kayla Buell – Ambassador started the topic Paying Off My Mortgage Seems Impossible in the forum My journey 7 years, 7 months ago

The hubby and I bought our house 2 years ago, and we’ve been paying our hefty mortgage ever since. It finally occurred to me to take a look at our actual loan statements and I was horrified when I saw how little progress we had made on our principal amount! I think in two years we’ve only paid off about $10,000 worth of our full loan amount,…[Read more]

Kayla Buell – Ambassador replied to the topic Retail Arbitrage in the forum Manage your debt 7 years, 7 months ago

Yes! My friend loves sorting through things at TJ Maxx and then resells the things she buys online. My brother does the same thing with the latest sneakers out on the market and it’s amazing to see how he’s able to make sometimes a $300-$500 profit with the click of a button. Best of luck! Definitely let us know how it goes!

Kayla Buell – Ambassador replied to the topic Keeping Up With Joneses in the forum Manage your debt 7 years, 7 months ago

Oh man. Yea, it’s bad these days. I scroll through my Instagram account and I see all these gorgeous looking ladies with the nicest clothes and shoes and I just want to buy it all! I’m constantly having to remind myself that their life isn’t mine, and that mine is just as great without the luxury handbags. I try to focus on the great things I do…[Read more]

Kayla Buell – Ambassador replied to the topic Retirement for Entrepreneurs in the forum Save for retirement 7 years, 7 months ago

Definitely a good idea to be cautious before making the jump, but if you can manage to put a good percentage of your income into an IRA or some kind of retirement account, then go for it! It’s just going to depend on how much you can actually make as an entrepreneur. There are some entrepreneurs easily managing to save for retirement while there…[Read more]

Kayla Buell – Ambassador replied to the topic If you can't buy three, you shouldn't buy one in the forum Grow your savings 7 years, 7 months ago

I’ve never heard of this but what a great idea! I’m definitely going to keep this in mind next time I’m getting ready to swipe my credit card!