Money Moves
Learn to manage money. Increase your financial security to be happy and independent in every phase o
Disclaimer:
The articles and information made available on Money Moves are provided for informational and educational purposes only and do not constitute financial advice It is not an offer to buy or sell /recommendation for any investment product or strategy. Money Moves provides general information and does not attempt to provide personalised financial, legal, tax or any other advice of any kin
01/12/2023
😎 Just tracking your money,
spending less than you earn,
and investing what you save
can build more wealth for you than people who may be earning more than you.
I see people who earn CHF 400K a year and spend CHF 400K a year.
📊 The graphic helps you see that you can’t build wealth if you keep resetting yourself back to zero by spending everything you earn.
📌 Even if you don’t have much left right now,
it’s important to figure out a way to either reduce your expenses
or increase your income so that you can save and invest.
💰 The more you are able to invest, the faster you can build wealth
and have enough money for your future needs.
Let’s hear it for our average investors 🙌🙌
Here’s an opportunity for my Geneva community to learn to save and grow your money to live the life you want:
𝗪𝐡𝐚𝐭?
A 6 week program: Where Did The Money Go?
𝗪𝐡𝐞𝐧?
Starting January 18th
𝗪𝐡𝐞𝐫𝐞?
Le Grand Saconnex, Geneva
𝘚𝘪𝘨𝘯 𝘶𝘱 𝘰𝘯 𝘵𝘩𝘪𝘴 𝘭𝘪𝘯𝘬 𝘵𝘰 𝘨𝘦𝘵 𝘮𝘰𝘳𝘦 𝘥𝘦𝘵𝘢𝘪𝘭𝘴 𝘢𝘯𝘥 𝘳𝘦𝘨𝘪𝘴ter 👇🏼
https://forms.gle/1LpULHPB6eLXXhRF9
.
01/11/2023
Multiple streams of income can:
💰 give you financial stability
💰 get you closer to your financial goals.
Start with ways which have the lowest barrier to entry.
The easiest streams of income, other than your current full-time job are things like
🌟 investing
🌟 and side hustles.
Learn how you can best create this income in a sustained way.
It's important to do your research in advance.
Be patient and give each stream time to grow.
For you who are based in Geneva here are 2 programs that can help you can enhance your skills, knowledge and confidence on this path.
𝐌𝐚𝐤𝐞 𝐌𝐨𝐫𝐞 𝐌𝐨𝐧𝐞𝐲
𝘉𝘶𝘪𝘭𝘥 𝘢 𝘣𝘶𝘴𝘪𝘯𝘦𝘴𝘴 𝘧𝘳𝘰𝘮 𝘱𝘢𝘴𝘴𝘪𝘰𝘯 𝘵𝘰 𝘱𝘳𝘰𝘧𝘪𝘵
This program is about taking concrete steps to turn a passion or skill into a source of income or a business.
You’ll get practical and actionable steps to help you fine tune your idea and set solid foundations to grow your business.
14 weeks, 75 minutes between November 13, 2023 to June 3, 2024
𝗪𝐡𝐞𝐫𝐞 𝐃𝐢𝐝 𝐓𝐡𝐞 𝐌𝐨𝐧𝐞𝐲 𝐆𝐨?
𝘓𝘦𝘢𝘳𝘯 𝘵𝘰 𝘴𝘢𝘷𝘦 𝘢𝘯𝘥 𝘨𝘳𝘰𝘸 𝘺𝘰𝘶𝘳 𝘮𝘰𝘯𝘦𝘺 𝘵𝘰 𝘭𝘪𝘷𝘦 𝘵𝘩𝘦 𝘭𝘪𝘧𝘦 𝘺𝘰𝘶 𝘸𝘢𝘯𝘵
This program will help you set meaningful life and financial goals and understand your financial position.
Learn to use tools like expense tracking, budgeting, saving and debt repayment to walk away with a personal plan to achieve your goals.
6 weeks, 75 minutes between January 18, 2024 and February 29, 2024
Get more information here:
https://forms.gle/1LpULHPB6eLXXhRF9
Are you ready to take action?
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🛡️ Swiss savings accounts are considered to be relatively safe.
📌 Depositors at FINMA authorised banks are guaranteed protection up to a maximum of 100,000 francs per customer and bank.
𝘍𝘳𝘰𝘮 𝘑𝘢𝘯𝘶𝘢𝘳𝘺 𝟷, 𝟸𝟶𝟸𝟹 𝘵𝘩𝘦𝘳𝘦 𝘪𝘴 𝘤𝘩𝘢𝘯𝘨𝘦 𝘪𝘯 𝘱𝘳𝘰𝘵𝘦𝘤𝘵𝘪𝘰𝘯 𝘸𝘩𝘦𝘯 𝘺𝘰𝘶 𝘩𝘢𝘷𝘦 𝘑𝘰𝘪𝘯𝘵 𝘈𝘤𝘤𝘰𝘶𝘯𝘵𝘴.
The joint account is treated as a separate depositor and protected with a maximum of CHF 100,000. This amount will no longer be divided between the spouses.
Most banks are FINMA authorised, but it is important to confirm when choosing a bank (especially the new digital banks).
There are good reasons not to keep too much money in cash as well. See if it is time for you to start investing.
🚀 Are you taking advantage of the increase in interest rates for the money in your bank accounts?
13/09/2023
I’m all about investing towards your goals. But where should you put money you’re going to need before that?
🔥 Enter: Savings Account
𝗪𝐡𝐚𝐭 𝐢𝐬 𝐚 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭?
Savings Accounts are bank accounts designed for parking money aside.
These accounts can earn you a higher interest than private accounts though they have restrictions on withdrawals and transfers.
𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐚 𝐬𝐚𝐯𝐢𝐧𝐠𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭
✔️ They’re safe.
These are insured upto a limit.
✔️ They pay interest. That rate keeps changing as the central bank rate changes, which is good when the rates are rising.
✔️ They’re liquid. You can take your money out at any time you want (some restrictions apply)
✔️ They’re accessible. Most banks offer them with no fees or minimum balance requirements.
01/09/2023
💃🏻 You are likely to live a lot longer than you realize.
Obviously, you will need money to do so.
🧐 Our understanding of how many years we will live in retirement is very poor.
On average, men who make it to age 65 can expect to live to 84, while women even upto 87.
😟 The ‘risk’ in longevity is that you will outlive your cash.
How can you plan your finances for a longer lifespan?
This article in Reuters suggests these 3 layers:
📌 Hold stocks well into retirement
This is against the old advice that after retirement you should be invested mainly in ‘safer’ asset classes like bonds or cash.
📌 Consider guaranteed income products which provide some sort of lifetime income.
📌 Delay the start of your pension benefits as long as you can. Your monthly check will be much bigger for the rest of your life.
Do you have any other ideas?
How to save for a longer lifespan If you have reached age 65 and are reading this, you are likely going to live a lot longer than you realize.
16/06/2023
💥 It’s not just how much you earn,
but 𝘸𝘩𝘢𝘵 𝘺𝘰𝘶 𝘥𝘰 𝘸𝘪𝘵𝘩 𝘺𝘰𝘶𝘳 𝘮𝘰𝘯𝘦𝘺
that determines your financial health.
Here is a 3-step plan to start taking control of your money:
✅ 𝐄𝐯𝐞𝐫𝐲𝐝𝐚𝐲: Learn a little bit each day. Read a few pages of a financial book, follow a financial blog or podcast, or watch a related video.
✅ 𝐄𝐯𝐞𝐫𝐲 𝐰𝐞𝐞𝐤: We are surrounded by resources beyond the digital search engine - our coworkers, family members or friends offer a range of opinions and experiences which can be invaluable.
✅ 𝐄𝐯𝐞𝐫𝐲 𝐦𝐨𝐧𝐭𝐡: It doesn’t have to be a huge amount, but set aside some money each month towards your saving goals. Setting up automatic transfers to a savings account can be a simple way to start.
Would you like my recommendation for books, podcasts or other resources? Just leave a comment below ⬇️
22/05/2023
🤑Did you ever buy something to make yourself feel happier?
𝘋𝘪𝘥 𝘪𝘵 𝘸𝘰𝘳𝘬?
Or did it perhaps leave your wallet emptier and your life more cluttered?
Perhaps you believed that more was better?
Here’s a way to look at your relationship between money and happiness.
📈 This fulfillment curve was originally shared in the book Your Money or Your Life, by Joe Dominguez and Vicki Robin.
This curve shows the correlation between you and how you feel (fulfillment) vs. what you spend (money).
You can use this tool to look at how spending more can impact your level of fulfillment, and also the tipping point at which spending more starts to make you less happy.
It can be applied to everything we spend money on throughout our lives.
The fulfillment curve will be different for each of us; what is ‘enough’ for me may not be the same as ‘enough’ for you.
The point here is just to encourage you to take a step back when you find yourself wanting more and think about where that desire is based.
Understanding this can be incredibly liberating and preventative, as awareness enables you to stop sacrificing time to pursue financial gain.
Have you read this book?
14/04/2023
😅 Do you feel that you are working so hard, have a good income, yet struggle to save money at the end of the month?
𝘎𝘦𝘵𝘵𝘪𝘯𝘨 𝘮𝘰𝘯𝘦𝘺 𝘢𝘯𝘥 𝘣𝘦𝘪𝘯𝘨 𝘢𝘣𝘭𝘦 𝘵𝘰 𝘬𝘦𝘦𝘱 𝘵𝘩𝘢𝘵 𝘮𝘰𝘯𝘦𝘺 𝘢𝘳𝘦 𝘥𝘪𝘧𝘧𝘦𝘳𝘦𝘯𝘵 𝘴𝘬𝘪𝘭𝘭𝘴.
𝐆𝐞𝐭𝐭𝐢𝐧𝐠 𝐦𝐨𝐧𝐞𝐲 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐬:
⬆️ Action
⬆️ Taking Risks
⬆️ Being Positive
𝐊𝐞𝐞𝐩𝐢𝐧𝐠 𝐦𝐨𝐧𝐞𝐲 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐬 𝐣𝐮𝐬𝐭 𝐭𝐡𝐞 𝐨𝐩𝐩𝐨𝐬𝐢𝐭𝐞 𝐬𝐤𝐢𝐥𝐥𝐬:
⬇️ Playing Safe
⬇️ Being Fearful
⬇️ Inaction
Doing well with money has a little to do with how smart you are and a lot to do with how you behave.
𝘈𝘯𝘥 𝘣𝘦𝘩𝘢𝘷𝘪𝘰𝘳 𝘪𝘴 𝘩𝘢𝘳𝘥 𝘵𝘰 𝘵𝘦𝘢𝘤𝘩, 𝘦𝘷𝘦𝘯 𝘵𝘰 𝘳𝘦𝘢𝘭𝘭𝘺 𝘴𝘮𝘢𝘳𝘵 𝘱𝘦𝘰𝘱𝘭𝘦.
Are you developing your skills to keep and grow your money?
P.S: You can read more about it in The Psychology Of Money, By �Morgan Housel
31/03/2023
🧐 What can we, as ordinary investors, learn from the recent bank failures?
𝘛𝘪𝘮𝘦𝘴 𝘭𝘪𝘬𝘦 𝘵𝘩𝘪𝘴 𝘮𝘢𝘬𝘦 𝘶𝘴 𝘤𝘳𝘢𝘷𝘦 𝘴𝘢𝘧𝘦𝘵𝘺, 𝘱𝘳𝘰𝘵𝘦𝘤𝘵𝘪𝘰𝘯, 𝘢𝘯𝘥 𝘤𝘦𝘳𝘵𝘢𝘪𝘯𝘵𝘺.
You start to wonder - should I leave my money in the bank? Put it into gold? Bury it in the backyard?
Before making any knee-jerk decisions, it helps to remind yourself of the advantages of asset diversification.
𝗪𝐡𝐚𝐭 𝐢𝐭 𝐢𝐬?
Diversification is spreading out your money in different investments, so that you're not too exposed to any one investment.
𝐇𝐨𝐰 𝐭𝐨 𝐝𝐨 𝐢𝐭?
Here are some ways you can diversify:
1. 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐀𝐬𝐬𝐞𝐭 𝐂𝐥𝐚𝐬𝐬𝐞𝐬
Different types of classes of assets have different performances during the same economic event. So, different classes of assets such as stocks, fixed-income investments, commodities, real estate, cash, etc. can be included in a portfolio for lowering the overall risk.
2. 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐈𝐧𝐝𝐢𝐯𝐢𝐝𝐮𝐚𝐥 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬
Different individual companies perform differently in the market according to the different factors.
3. 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬
Some events are industry-specific. If that event occurs, the value of only investments in those industry instruments will decrease.
4. 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐆𝐞𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐞𝐬
Most of us have biases towards investments in our home countries. It is beneficial to diversify the portfolio internationally because an event that is negative for one country might have no effect on other countries or might have a positive effect on other countries.
𝗪𝐡𝐚𝐭 𝐞𝐥𝐬𝐞?
𝘔𝘢𝘪𝘯𝘵𝘢𝘪𝘯 𝘉𝘢𝘯𝘬 𝘈𝘤𝘤𝘰𝘶𝘯𝘵 𝘣𝘢𝘭𝘢𝘯𝘤𝘦𝘴 𝘣𝘦𝘭𝘰𝘸 𝘵𝘩𝘦 𝘪𝘯𝘴𝘶𝘳𝘦𝘥 𝘵𝘩𝘳𝘦𝘴𝘩𝘰𝘭𝘥.
📌 For example, In Switzerland, deposits are protected up to a maximum of CHF 100,000 per individual and per bank or securities firm.
These events serve as a reminder to re-examine our investment choices.
20/03/2023
🔥 Claiming tax deductions is an easy was to save money.
𝘈𝘳𝘦 𝘺𝘰𝘶 𝘤𝘭𝘢𝘪𝘮𝘪𝘯𝘨 𝘢𝘭𝘭 𝘵𝘩𝘦 𝘥𝘦𝘥𝘶𝘤𝘵𝘪𝘰𝘯𝘴 𝘺𝘰𝘶 𝘢𝘳𝘦 𝘦𝘯𝘵𝘪𝘵𝘭𝘦𝘥 𝘵𝘰?
Here is a list of 𝟏𝟎 𝐢𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐭 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 you'll need to declare your taxes and claim your deductions easily:
𝐅𝐨𝐫 𝐝𝐞𝐜𝐥𝐚𝐫𝐢𝐧𝐠 𝐲𝐨𝐮𝐫 𝐢𝐧𝐜𝐨𝐦𝐞 𝐚𝐧𝐝 𝐚𝐬𝐬𝐞𝐭𝐬:
1. Salary certificate(s) (if you are an employee)
2. Accounts (if you are self-employed)
3. Bank or post office account statements
4. Statements relating to investments
𝐅𝐨𝐫 𝐦𝐚𝐤𝐢𝐧𝐠 𝐝𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧𝐬:
5. Certificates for contributions made to pillar 2 and 3a pension funds
6. Health insurance costs and medical expenses
7. Job-related expenses
8. Costs of professional education and training courses
9. Receipts for donations to charities
10. For homeowners: documents relating to property tax, mortgage interest, bills for maintenance and repairs, running and administrative costs, etc.
😎 Be well prepared and save your time and money!
13/03/2023
💰 How much money do you think would be enough for you?
𝘋𝘰 𝘺𝘰𝘶 𝘬𝘯𝘰𝘸 𝘺𝘰𝘶𝘳 𝘯𝘶𝘮𝘣𝘦𝘳?
The reason why this question is important is that if we don't know our goal or target, then whatever we get would never feel enough.
People usually give random answers to this question. Some would say 200K/300K is enough and others may say 1 million or 10 million. Both of these are at the opposite ends of the spectrum and not based on any calculation.
If you don't try to find the answer to this question, then you'll always keep chasing money.
Fidelity Investments recommends these benchmarks based on some simplistic assumptions *
𝐊𝐞𝐲 𝐭𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬
✅ Fidelity's guideline: Aim to save at least 1x your salary by 30, 3x by 40, 6x by 50, 8x by 60, and 10x by 67.
✅ Factors that will impact your personal savings goal include the age you plan to retire and the lifestyle you hope to have in retirement.
✅ If you're behind, don't fret. There are ways to catch up. The key is to take action.
Remember that not all of your income will need to come from savings.
How you can build different sources of income from side businesses, passive income, investments in addition to your pension is a different conversation.
No matter what your age, focus on the goals ahead.
Don't be discouraged if you aren't at your nearest milestone—there are ways to catch up to future milestones through planning and saving.
𝐓𝐡𝐞 𝐤𝐞𝐲 𝐢𝐬 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚𝐜𝐭𝐢𝐨𝐧, 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐞𝐚𝐫𝐥𝐢𝐞𝐫 𝐭𝐡𝐞 𝐛𝐞𝐭𝐭𝐞𝐫.
* The assumptions are that a person saves 15% of their income annually beginning at age 25 (which includes any employer match), invests more than 50% on average of their savings in stocks over their lifetime, retires at age 67, and plans to maintain their preretirement lifestyle in retirement.
06/03/2023
🙋🏻♀️ If you’re like me and have a business and personal life, here are some tips to help keep your business and personal expenses separate so you don’t run into trouble over the long run!
🏦 𝐒𝐞𝐭 𝐮𝐩 𝐬𝐞𝐩𝐚𝐫𝐚𝐭𝐞 𝐛𝐚𝐧𝐤 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐬 - make sure you draw a salary from your business account which gets credited to your personal account
💳 𝐆𝐞𝐭 𝐚 𝐜𝐫𝐞𝐝𝐢𝐭 𝐜𝐚𝐫𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 - will help you build up a credit history for your business separate from your personal credit history
🗒️ 𝐒𝐞𝐭 𝐚 𝐛𝐮𝐝𝐠𝐞𝐭 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 - so you don’t need to keep pumping in money from your personal to business account every now and then, and make sure it’s self sustaining
🏁 𝐃𝐫𝐚𝐰 𝐥𝐢𝐧𝐞𝐬 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐚𝐧𝐝 𝐨𝐟𝐟𝐢𝐜𝐞 - your business shouldn’t be paying your home electricity bill, even if you are working from home, a part of the burden should fall on your business account, and your home shouldn’t be paying for any subscriptions taken for the business or client dinners!
It’s very important to understand what is a business expense and what isn't. Among the biggest pitfalls in keeping your finances separate are 𝐞𝐧𝐭𝐞𝐫𝐭𝐚𝐢𝐧𝐦𝐞𝐧𝐭, 𝐟𝐨𝐨𝐝, 𝐚𝐧𝐝 𝐭𝐫𝐚𝐯𝐞𝐥 𝐞𝐱𝐩𝐞𝐧𝐬𝐞𝐬.
Be aware of where you are spending your business’s money and who you are with!
How else do you keep your expenses separate?
27/02/2023
😅 Making financial decisions can be tough.
Making them in a stressful situation is even more challenging.
It's important to start by slowing down, so you can be intentional.
Then take these 4 steps to overcome that stress and then make a financial decision:
1. 𝐒𝐭𝐞𝐩 𝐛𝐚𝐜𝐤.
It can be helpful to reflect on whether now is the right time to make this financial decision. Remember, not to make a decision can also be a decision.
2. 𝐒𝐭𝐞𝐩 𝐨𝐮𝐭𝐬𝐢𝐝𝐞.
Think about what you would say to friend in the same position.
3. 𝐒𝐭𝐞𝐩 𝐚𝐰𝐚𝐲.
See who else could help you make this decision - a friend, family member or professional.
4. 𝐒𝐭𝐞𝐩 𝐟𝐨𝐫𝐰𝐚𝐫𝐝.
After using the first 3 strategies, step forward into your decision. Your decision may be to take action or not.
Use these 4 steps to build your financial decision making when you are feeling stuck or overwhelmed.
20/02/2023
💸 The way you speak about money can either support you or sabotage your success.
The money language you use with yourself reflects your beliefs around money.
A better relationship with money will help you build more wealth & feel more confident in your financial progress.
Being mindful of the language you use is an easy way to improve your personal wealth.
𝟒 𝐥𝐢𝐦𝐢𝐭𝐢𝐧𝐠 𝐰𝐨𝐫𝐝𝐬 I hear a lot are:
‘𝐉𝐮𝐬𝐭’
For example, ‘I just want to make an extra 1000 a month’, or, ‘I just want to save another 200’, or ‘’I just want to make my first million’.
‘𝐎𝐧𝐥𝐲’
For example, ‘I only want to ask for a 5K raise’, or, ‘I only want to earn X amount of money’.
‘𝐋𝐢𝐭𝐭𝐥𝐞’
For example, ‘I will set little goals, so I don’t fail’.
‘𝐂𝐚𝐧’𝐭’
For example, ‘I can’t afford to buy that’, or, ‘I can’t afford to hire a team member’.
These words keep us stuck in scarcity. They limit our capability.
One way to solve this is to 𝐫𝐞𝐟𝐫𝐚𝐦𝐞 𝐨𝐮𝐫 𝐥𝐚𝐧𝐠𝐮𝐚𝐠𝐞. To reframe is to look at something in a different way.
For example, you may find yourself saying, ‘I can’t afford this’.
There may be an element of truth in it, but changing the frame to ‘Let me look at my saving goals and readjust’, or, 'I will plan to raise these funds or realign my spending’ creates opportunity thinking and turns it into a growth mindset.
I 𝐜𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 you over the next 7 days that each time you use these 4 words in relation to money, you’ll:
🙋🏻♀️ Pause and be aware of your mindset
🙋🏻♀️ Think of how you can reframe it to feel more empowered than limited
Are you in?
10/02/2023
💞How to build financial solidarity with your partner
You are celebrating your love. What could possibly disrupt it? 𝐌𝐨𝐧𝐞𝐲.
It's one of the most common reason couples argue and can often be a trigger of conflict in a relationship.
Learning how to communicate about money can help build a money plan and create systems to harness the power of each other's strengths.
To build this financial solidarity you can:
𝐒𝐡𝐚𝐫𝐞 𝐩𝐚𝐬𝐭 𝐦𝐨𝐧𝐞𝐲 𝐬𝐭𝐨𝐫𝐢𝐞𝐬
These are past experiences with money and how they have shaped you. They influence our habits towards spending, saving and investing.
𝐀𝐠𝐫𝐞𝐞 𝐨𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐛𝐨𝐮𝐧𝐝𝐚𝐫𝐢𝐞𝐬
Some people earn to save, others earn to spend. You may know which category your partner falls into but it’s also important to understand why.
𝐀𝐬𝐤 𝐟𝐨𝐫 𝐦𝐮𝐭𝐮𝐚𝐥 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲
If your partner is a spender for example, help them create a budget where there’s money allocated for mini splurges. If someone is a saver, put a plan in place where earnings would be allocated to a healthy emergency fund.
𝐒𝐞𝐭 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐠𝐨𝐚𝐥𝐬 𝐭𝐨𝐠𝐞𝐭𝐡𝐞𝐫
One partner dreams about taking a round the world trip. The other wants to buy a three-bedroom house. Discuss your goals and prioritise them as a couple. A joint plan will make them happen.
𝐘𝐨𝐮𝐫𝐬, 𝐦𝐢𝐧𝐞 𝐨𝐫 𝐨𝐮𝐫𝐬 - 𝐰𝐡𝐨 𝐨𝐰𝐧𝐬 𝐰𝐡𝐚𝐭?
What’s mine is yours and what’s yours is mine, right? Not for everyone.
Whatever works for both of you is fine. But it's important to discuss it, especially when one partner earns significantly more than the other.
The best things in life may be free, but not having crucial money chats comes at a heavy cost to a relationship.
Bringing up money isn't easy, especially in a new relationship. Here's what not to do 👇🏼
🚫 Don't make it an ambush.
🚫 Don't impose your views.
🚫 Don't shame or blame your partner.
🚫 Do.Not.Lie
As you work on your financial plan together, you will see the power of being aligned to common goals. 💞
06/02/2023
❤️ February is the month for celebrating 𝐥𝐨𝐯𝐞 and relationships.
So, what’s 𝐦𝐨𝐧𝐞𝐲 got to do with it?
What is your relationship style? Are you indulgent? Controlling? Guarded? Or reckless?
💸 Chances are you have the same approach when it comes to money.
Research shows that how stable and secure you feel in your relationships tends to mirror how stable and secure you feel about your finances.
So it’s worth examining your relationships to understand how they may influence your spending, saving and investing habits.
Most people are on the insecure side, ranging from anxious to avoidant.
➡️ If you are the more anxious type, you spend money as a means to be loved and appreciated.
➡️ The more avoidant types, save money so they won’t have to rely on others.
Of course, you can be anywhere on the spectrum or a mix of both. These associations are usually established very early in life and are hard to change.
💘 People tend to marry their money opposites. The anxious and avoidant attachment styles tend to attract each other. It’s important to talk about it and understand each other’s perspective.
Drop a 💕 if you have regular money conversations with your partner
27/01/2023
📲 Money apps are one of the most popular ways to look after your finances.
They are quickly becoming the most used way to track, manage, and save money.
Money apps are convenient - but how can you stay safe?
𝐂𝐨𝐦𝐦𝐨𝐧 𝐬𝐜𝐚𝐦𝐬 𝐭𝐨 𝐰𝐚𝐭𝐜𝐡 𝐨𝐮𝐭 𝐟𝐨𝐫:
𝘗𝘩𝘪𝘴𝘩𝘪𝘯𝘨 𝘴𝘤𝘢𝘮𝘴 happen when someone tricks you into revealing personal information, such as card details or your online banking PIN or password. Phishing scams are usually sent by email or text.
𝘗𝘢𝘴𝘴𝘸𝘰𝘳𝘥 𝘤𝘳𝘢𝘤𝘬𝘪𝘯𝘨 can also be a risk if your details have previously been leaked. Or if your money app PIN is the same as PINs you use elsewhere - or you've used an easy-to-remember number like your date of birth. This makes it easier to hack into your account.
𝘏𝘢𝘤𝘬𝘪𝘯𝘨 into the app itself is a risk when you have not enabled the safety tools provided in the app like two-factor authentication, setting a limit for login attempts or setting up email/text alerts for any activity in the account.
𝐓𝐢𝐩𝐬 𝐭𝐨 𝐬𝐭𝐚𝐲𝐢𝐧𝐠 𝐬𝐚𝐟𝐞 𝐰𝐡𝐞𝐧 𝐮𝐬𝐢𝐧𝐠 𝐦𝐨𝐧𝐞𝐲 𝐚𝐩𝐩𝐬:
📌 Set a strong password
📌 Use two-factor authentication
📌 Disable auto-login
📌 Avoid using these apps on a public/insecure wifi
Your financial information is valuable and important.
Safeguard it with these tips to keep yourself safe when using money apps.
Is there anything else you do to stay safe on these apps?
20/01/2023
🎯 HAVE YOU SET ANY FINANCIAL GOALS FOR 2023?
It's only the 3rd week of the year. So, not too late to set some financial goals if you haven't already.
And you also don't have to set financial goals at the beginning of the year. You can set them anytime.
𝐕𝐚𝐥𝐮𝐞 𝐨𝐟 𝐠𝐨𝐚𝐥 𝐬𝐞𝐭𝐭𝐢𝐧𝐠
A goal is something you want to achieve through action.
✔️ Goals give you focus.
✔️ Goals let you measure progress.
✔️ Goals help you stay motivated.
✔️ Goals help you determine what you want in life.
Whether you like them or not, goals are a great way to create positive change in your life.
I’m sure you’ve read all the articles and research that say that setting goals is useless and doesn’t work.
But that doesn't mean that setting goals is bad. It means that most of us don’t know how to successfully achieve our goals.
𝐓𝐢𝐩𝐬 𝐭𝐨 𝐦𝐚𝐤𝐞 𝐠𝐨𝐚𝐥 𝐬𝐞𝐭𝐭𝐢𝐧𝐠 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞
1. 𝗪𝐫𝐢𝐭𝐞 𝐝𝐨𝐰𝐧 𝐲𝐨𝐮𝐫 𝐠𝐨𝐚𝐥𝐬.
Studies have shown that you are 33% more successful in reaching your goals when you write them down.
2. 𝐒𝐞𝐭 𝐥𝐢𝐟𝐞𝐭𝐢𝐦𝐞 𝐠𝐨𝐚𝐥𝐬.
Align them with your dreams and values.
3. 𝐊𝐞𝐞𝐩 𝐢𝐭 𝐬𝐢𝐦𝐩𝐥𝐞.
Break them down into smaller goals you should achieve in one year or one month. And you’ll achieve those big goals in no time.
4. 𝐌𝐞𝐚𝐬𝐮𝐫𝐞 𝐲𝐨𝐮𝐫 𝐩𝐫𝐨𝐠𝐫𝐞𝐬𝐬.
You can’t improve what you can’t measure.
Setting goals helps us live a life that allows us to pursue the challenges and rewards that we truly want to achieve.
When you set and achieve your goals, you increase your happiness and satisfaction in life.
I invite you to download my FREE WORKBOOK - 𝘚𝘦𝘵 𝘔𝘦𝘢𝘯𝘪𝘯𝘨𝘧𝘶𝘭 𝘔𝘰𝘯𝘦𝘺 𝘎𝘰𝘢𝘭𝘴 𝘛𝘰 𝘓𝘪𝘷𝘦 𝘈 𝘓𝘪𝘧𝘦 𝘠𝘰𝘶 𝘓𝘰𝘷𝘦. 👇👇
13/01/2023
💙 Happy New Year, dear Money Moves community!
I wish you lots of joy, love, happiness and wealth! I hope you took some time off to relax, reflect and do what makes you feel good.
We’re at the time of year when you’re “supposed to” set new year resolutions for the year ahead and goals for your career, money and life.
Whether this is a happy thought for you or fills you with dread, there’s another more foundational way to prepare yourself for the year to come. One that’s energizing and inspiring.
𝐒𝐭𝐚𝐫𝐭 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮𝐫 𝐈𝐧𝐭𝐞𝐧𝐭𝐢𝐨𝐧𝐬.
Here are some prompts to get you started towards your finances:
✅ 𝗪𝐡𝐚𝐭 𝐚𝐦 𝐈 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥𝐥𝐲 𝐩𝐫𝐨𝐮𝐝 𝐨𝐟 𝐥𝐚𝐬𝐭 𝐲𝐞𝐚𝐫 (𝟑 𝐭𝐡𝐢𝐧𝐠𝐬)?
𝘙𝘦𝘰𝘱𝘦𝘯 𝘺𝘰𝘶𝘳 𝘣𝘢𝘯𝘬 𝘴𝘵𝘢𝘵𝘦𝘮𝘦𝘯𝘵𝘴 𝘢𝘯𝘥 𝘨𝘰 𝘣𝘢𝘤𝘬 𝘵𝘰 𝘺𝘰𝘶𝘳 𝘤𝘢𝘭𝘦𝘯𝘥𝘢𝘳 𝘭𝘢𝘴𝘵 𝘺𝘦𝘢𝘳 𝘵𝘰 𝘳𝘦𝘷𝘪𝘦𝘸 𝘸𝘩𝘢𝘵 𝘩𝘢𝘱𝘱𝘦𝘯𝘦𝘥 - 𝘣𝘪𝘨 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘥𝘦𝘤𝘪𝘴𝘪𝘰𝘯𝘴, 𝘴𝘮𝘢𝘭𝘭 𝘸𝘪𝘯𝘴, 𝘯𝘦𝘸 𝘩𝘢𝘣𝘪𝘵𝘴, 𝘮𝘰𝘳𝘦 𝘮𝘰𝘯𝘦𝘺 𝘰𝘳 𝘮𝘰𝘳𝘦 𝘮𝘪𝘯𝘥𝘧𝘶𝘭 𝘴𝘱𝘦𝘯𝘥𝘪𝘯𝘨?
✅ 𝗪𝐡𝐚𝐭 𝐝𝐨 𝐈 𝐥𝐞𝐚𝐯𝐞 𝐛𝐞𝐡𝐢𝐧𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐥𝐚𝐬𝐭 𝐲𝐞𝐚𝐫?
𝘛𝘩𝘪𝘴 𝘤𝘰𝘶𝘭𝘥 𝘣𝘦 𝘸𝘰𝘳𝘳𝘺𝘪𝘯𝘨 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘦 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘮𝘢𝘳𝘬𝘦𝘵𝘴, 𝘪𝘯𝘧𝘭𝘢𝘵𝘪𝘰𝘯, 𝘢 𝘴𝘤𝘢𝘳𝘤𝘪𝘵𝘺 𝘮𝘪𝘯𝘥𝘴𝘦𝘵, 𝘤𝘰𝘮𝘱𝘢𝘳𝘪𝘯𝘨 𝘺𝘰𝘶𝘳𝘴𝘦𝘭𝘧 𝘵𝘰 𝘰𝘵𝘩𝘦𝘳𝘴, 𝘰𝘳 𝘨𝘦𝘯𝘦𝘳𝘢𝘭𝘭𝘺 𝘧𝘦𝘦𝘭𝘪𝘯𝘨 𝘣𝘢𝘥 𝘢𝘣𝘰𝘶𝘵 𝘮𝘰𝘯𝘦𝘺.
✅ 𝗪𝐡𝐚𝐭 𝐚𝐫𝐞 𝐦𝐲 𝟑 𝐰𝐨𝐫𝐝𝐬 𝐨𝐟 𝐢𝐧𝐭𝐞𝐧𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫?
𝘎𝘳𝘰𝘸𝘵𝘩, 𝘚𝘵𝘢𝘣𝘪𝘭𝘪𝘵𝘺, 𝘸𝘦𝘭𝘭𝘣𝘦𝘪𝘯𝘨, 𝘢𝘤𝘵𝘪𝘰𝘯 - 𝘤𝘩𝘰𝘰𝘴𝘦 𝘺𝘰𝘶𝘳 𝘰𝘸𝘯 𝘢𝘯𝘥 𝘸𝘳𝘪𝘵𝘦 𝘵𝘩𝘦𝘮 𝘥𝘰𝘸𝘯.
This helps you envision your life in a year's time and acts as a guiding light throughout the year.
There are so many things you can do for your money - and now is a perfect time to start!
Which of these prompts will help you the most in creating your goals?
02/12/2022
This year has been huge for me in terms of being productive.
I’ve got more things done than ever, spent time with my family and friends, and kept a healthy lifestyle.
Your overall productivity can get affected by many things.
All the tools, apps and hacks work only if you have the right mindset.
What does productivity even mean?
Being productive is getting your work done in the least amount of time - without compromising the quality of work and your physical as well as mental well-being.
Here are 12 things that I have done that have made me more productive than ever:
No phones for the first hour of the day
Record all your thoughts & ideas
Say No to everything that doesn’t support your goals and values
Eliminate things that distract you
Take a 5 minute break every 45 minutes
Exercise
Stop consuming, Start creating
Focus on one thing at a time, don’t multitask
Create routines and eliminate repetitive decisions
Plan the next day the night before
Do the work
If you’re having a bad day - Stop and press reset
I’m not going into details of which tools and apps I use.
I don’t think that stuff matters. It’s about creating a productivity mindset and environment that lets you thrive.
I only care about getting things done in a fun and not stressful way. That makes doing work way more fun and rewarding.
What would you add?
25/11/2022
🙏🏼 Expressing gratitude is a year-end tradition.
But what if you were to make giving thanks a daily routine throughout the year?
You’re probably aware of all the reasons you should boost your personal gratitude quotient.
Hint: Because it can help you get happier, healthier, less stressed-out—and more optimistic overall.
Another big-time benefit?
𝐅𝐞𝐞𝐥𝐢𝐧𝐠 𝐠𝐫𝐚𝐭𝐞𝐟𝐮𝐥 𝐜𝐚𝐧 𝐚𝐥𝐬𝐨 𝐦𝐚𝐤𝐞 𝐲𝐨𝐮 𝐫𝐢𝐜𝐡𝐞𝐫.
✅ Gratitude can also help us 𝐝𝐞𝐥𝐚𝐲 𝐠𝐫𝐚𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧 and avoid the impulse for immediate reward in return for more worthwhile rewards later.
And the more we value future rewards, such as retirement or college savings, the easier it is to resist the urge to spend on things we don’t need.
✅ Gratitude may also make us 𝐥𝐞𝐬𝐬 𝐦𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐢𝐬𝐭𝐢𝐜—an attitude linked to insecurity, anxiety, and depression.
But of course, with life's challenges and distractions, it's easy to lose touch with all that's going well for us.
✅ You feel thankful when you help someone else. "Giving teaches your brain there's 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝐞𝐧𝐨𝐮𝐠𝐡" says, Life and business strategist Tony Robbins.
𝘔𝘰𝘯𝘦𝘺 𝘤𝘢𝘯 𝘣𝘶𝘺 𝘩𝘢𝘱𝘱𝘪𝘯𝘦𝘴𝘴—𝘪𝘧 you spend it on someone else.
What’s your experience?
18/11/2022
👩🏻 You have probably heard people say:
“Treat your business like a business.”
𝗪𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 𝐭𝐡𝐚𝐭 𝐦𝐞𝐚𝐧?
If you've started (or are still starting) a side business, you've probably said,
💬 "It's ok, it's only extra money," or...
💬 "It's only a side hustle." or,
💬 "Anything extra helps!”
Well, here's the thing... when we MINIMIZE the outcome that we're after—
we also minimize our actions and DEVALUE our service and product.
𝐇𝐨𝐰 𝐜𝐚𝐧 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰?
Ask yourself:
🧐 Are you busy or productive?
🧐 Do you make business decisions based on how you feel or the numbers?
🧐 Do you introduce yourself to others as a business owner?
When you feel like you don’t know what you’re doing, that’s how you’re going to act.
Thoughts create your feelings, which lead to your actions, and create your results.
𝗪𝐡𝐚𝐭 𝐜𝐚𝐧 𝐲𝐨𝐮 𝐝𝐨?
✔️ Commit
You need to be completely committed to your business and focused on driving its success.
✔️ Set goals
You need to have a strategy for where your business will go and how you will get there.
✔️ Focus on profit
If you're just starting out, you may not have a steady income yet, but that should be your goal. Your business isn't really a business until you're making a profit.
So, with that in mind, I want you to OWN your role as a business owner.
Now, you can start to expect the CEO position in your business & see huge success...
when you make mental adjustments to that mindset.
😳 Are you unknowingly treating your business like a hobby?
PS. If you want to learn more insightful tips and lessons to strengthen your financial foundation, download my free guide (7 Money Moves to a Profitable 2023)
https://money-moves.wixsite.com/learn/become-a-profitable-small-business
💕
11/11/2022
💰 Money and the Law of Attraction
The Law of Attraction says that 𝐥𝐢𝐤𝐞 𝐚𝐭𝐭𝐫𝐚𝐜𝐭𝐬 𝐥𝐢𝐤𝐞.
So, if you’re positive about yourself and the world, the world will manifest your desires.
Is that true?
A crucial part for that to work is - you have to 𝐭𝐚𝐤𝐞 𝐚𝐜𝐭𝐢𝐨𝐧.
One of the biggest reasons you may not be taking action can be your own limiting beliefs about money. You may be thinking, Do I really deserve a higher salary?
To attract more money into your life, you have to change your money mindset.
𝐇𝐞𝐫𝐞’𝐬 𝐡𝐨𝐰:
📌 Get rid of any limiting beliefs you may have inherited from your parents.
📌 Write your own story. Reach for the higher income. Of course, you have to do the work to merit it.
📌 Develop a mindset of abundance. Look for the opportunities you have and become an energetic match for them.
That’s the Law of Attraction in action: You can attract all the money you want by getting rid of unwanted inherited baggage and having a mindset of abundance, not scarcity.
Are you attracting all the money you want?
04/11/2022
🙋🏻♀️ Are you a coach, consultant, entrepreneur or small business owner?
🙈 Are you working endless hours on your business, but don't see the profit or cash flow in your business growing in a sustained way?
Yes?
🔥 Then download my free guide - 7 Money Moves to a Profitable 2023 today!
✔️ Get clarity on the ONE next step you need to take.
✔️ Set the foundations to make (and keep) money in your business.
✔️ Be prepared to start the next year with a clear plan.
✔️ Take charge of your business finances and gain the control & confidence to grow a wealthy and sustainable business.
P.S. Do you know someone who would find this useful? Share it forward ↗️
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P. O. Box 6336
Geneva, CH-1211GENEVA6
Instruction vocale spécialisée & service S.O.S. Voix. Expertise: Technique Vocale Complète/Complete Vocal Technique (CVT) & techniques de présentation/expression orale du monde de ...
Si toi aussi quand tu te fous de la gu**le des gens t'es pas discret...
Geneva
Administrateurs : Abel Fernandes & Samuel Boushi Créé le 21/2/10
Atelier des Métiers d'Art
287 Rue De Bernex
Geneva, 1233
L'atelier des Métiers d'Art est une plateforme de formation en matière d'Arts Plastiques et Artisa
Geneva Business Institute
Rue De Chantepoulet 10, C/o Calliopée Sàrl
Geneva, 1201
We provide affordable and high-quality education that prepares students for competition and success in today’s changing world, using all the achievements of information technology.
Alex Gold Hunter
Geneva, 52000
Gold SIGNALS FREE Experts in the Forex Market. 1500++ weekly pips profit in gold
Vie de campus UNIGE
Rue Général-Dufour 24
Geneva, 1204
🎓Étudier, c'est bien. Étudier en s'épanouissant, c'est mieux. 💡Des questions ? Rendez-vous au Point Vie de campus ! Lu-ve I 10h-16h I 1er étage d'Uni Dufour
Linda_French_Coffee
Geneva, 1200
French teacher for expats and foreigners Conversation with coffee Playful reading Engaged #geneva #
La Nouvelle Ecole - Genève/Paris
Rue Etienne-Dumont 1
Geneva, 1204
Montessori-inspired Bilingual School: cultivating confidence and curiosity in a nurturing environment for children Ages 2-7, located in Paris and Geneva