mthreeco

happy earth day everyone!! 🌍🌱🌳 i’m not where i want to be yet in terms of my own contributions to our environmental future, but here are some ways that i’m trying to get there. id love to know what small (or big) changes any of you have made to be more environmentally conscious!

what are some of your top splurges and 🙅‍♀️splurge categories?? i saw some others do this and i thought it was so interesting!

im logging mine down to see how my habits change during different seasons of my life AND to refer back to when i catch the lifestyle creep ;)

y’all!! 🥺🥺 i know this isn’t a huge deal, i’m feeling like a big girl now 😂 PLZ SHARE ANY TIPS FOR FIRST APARTMENT RENTERS!! it would be sooo greatly appreciated 🤍🤍

there are hundreds if not more posts on this platform telling us what financial habits distinguish the rich from the poor…

but i think the biggest driver is not whether they invest or what percentage of money they save…

i think that the most crucial distinction between the wealthy and the non-wealthy is that wealthy (or even well-off) individuals *know* to make these financial decisions.

in finance, you don’t know what you don’t know. it’s part of the reason why the financial habits of generationally wealthy or well-off individuals are so astoundingly different from those of an opposite upbringing (speaking from experience here).

in addition to passing down wealth, they are passing down knowledge and habits— whether they know it or not. by simply going about their lives, those families are allowing their children to learn through osmosis and get a jumpstart on their finances.

this is especially the case given the lack of personal finance curriculum in school..

but i don’t want this to be a discouraging post! while it means that some folks have to work a bit harder to learn these concepts, it doesn’t mean that it isn’t worth doing. just like it’s never too late to learn another language, it’s never too late to learn the language of finance!

instead, be proud of what you do know, keep learning, and be eager to start a new generational trend of passing down financial literacy!

do you agree?? comment below!

ahh im so excited and grateful for this community 🤍 i’ve learned SO much from all of the amazing financial enthusiasts i follow and im so excited when even a single person finds value in my own content - so thank you so much friends!! ☺️

this was definitely an atypical payday.. the paycheck was a bit slimmm because i took a little break last week to focus on academics and prep for my language proficiency exam (which i needed to pass in order to graduate, so there was no time to mess around). i also concluded my internship, so i’m gonna start picking up more hours at my work-study job.

as important as academics are, i took a break when i needed the money the most & it hurts 😩 it’s my last month-ish of college and i want to enjoy it, but i still need to make sure that i’m prepared for my post-graduation transition. having a start-date so soon after my graduation date is not fun…

i would also typically save and invest a greater portion, but with so many upcoming expenses, that’s just not feasible right now.

regardless, i’m still grateful for any amount of income and intend to make the most of it in whatever way i can!

i chose violence on this fine wednesday 😂 but before i dive in further, note that this is just MY opinion - assess your own risk tolerance and capacity when deciding whether (or how much) crypto is appropriate for your portfolio!

however, i don’t believe crypto will be the saving grace for financial inclusion and accessibility. here’s why:

1. “to the moon🚀” culture lures newer investors with the promise of easy money, then encourages them to throw all of their wealth into it to get high returns. for many of those people, this is the ONLY investment they’ve made and have turned them off to other strong long-term investments with better chances for wealth creation

2. the likelihood of losing all your money is about as likely as hitting it big.. these losses can be particularly harmful to those who overweight this asset class or, in other words, allocate way more of their investing money to it than they should.

3. here in the U.S., the SEC requires a ridiculous amount of protections and disclosures for investments since ‘08, but crypto is behind the curb of proper regulation

4. developing countries are attracted to the economic protection that crypto may provide, but those who’ve adopted crypto as a legal tender have experienced pretty harmful impacts on their economies as a whole thanks to its extreme volatility

5. another draw for less developed areas is the fact that crypto is automated and does not require access to financial institutions, but with all of the above considered, it would be preferable to adopt mobile money solutions instead

6. “gamification” is basically when something is treated like a game. when you look at crypto investing, it’s highly “gamified” — as they say— which gives false impressions about the seriousness of investing. similarly, just like with gaming and gambling, this has even caused some to develop trading addictions!

so, if a friend were to ask me whether they should invest in crypto, these are some of the reasons i’d recommend holding only a percentage (def not more than 50%) of their total portfolio in cryptocurrency.

remember this is financial information, not advice :)