Veronica is a Certified Financial Consultant by the NFEC and founder of Run Your Money. She wants you to be done with the money shaming of the finance bros and learn more grounded financial knowledge than what the money manifesters teach. Veronica has been good with money since she started babysitting at age 11, perhaps thanks to her Sun and Venus in Capricorn? Sheβs been saving and learning to be more strategic with money ever since. She also has a degree in Social and Economic Justice and has a unique perspective on how your finances play out in our larger economic systems. She wants to help you run your money so it stops running you.
how to buy a house in 6-12 months: expert tips from Mortgage Mandy
β β π Taking the Road Less Judged! π Hey there, fellow financial adventurers! Many boomer personal finance experts are all about spending as little as humanely possible. (I'm looking at you, Suze Orman, even though I think you're amazing and I loved your book when I was young, fabulous, and broke.) But generally - telling people to spend as little as possible, with no nuance, is bad advice. Last week, we wrapped up our first road trip in a mini-van that we purchased new and with a big, bad car loan. π (BTW - I talk you through this whole financial decision in this episode of the Run Your Money Show.) Having enough space for two car seats, a dog, a Snoo, a stroller, and all the snacks comfortably while also earning money in our HYSA, made the journey a breeze. This is what running your money is all about. Buying things that genuinely bring joy and ease to your life while still growing your money for the future. Speaking of money matters, I've been working with incredible clients over 6 weeks, helping them whip their financial houses into shape. It's not about selling a dream but rather about enabling smart financial choices. The cost is a tiny fraction compared to the potential savings and earnings it unlocks for you, and I expect to increase my prices in 2024. βCheck out how I help clients transform their finances here.β Best, Veronica How to Buy a House in 6-12 Months: Expert Tips from Mortgage MandyI recently "met" Mortgage Mandy on TikTok, and if you're thinking about buying a home, you need her in your life! We dived deep into the world of home buying, shedding light on crucial aspects for anyone considering purchasing their first or subsequent home. Even if you're years away from thinking about buying a home, I still recommend listening because... Mandy emphasized a crucial point that stuck with me throughout our conversation β the significance of preparing early. Even if homeownership isn't in your immediate plans, prepping your finances, organizing bank accounts, and getting everything in order is vital. Starting early not only ensures a smoother process when the time comes to buy but also sets you up for success in securing the right loan and, most importantly, a favorable interest rate. |
If you prefer audio...β Submit your question for the Q&A episodes here. Since the stock market hasn't been doing great, should I keep my money in a HYSA at 5% and then invest when things recover? β Someone submitted this question to me via TikTok, and I wanted to reach through my phone and say, "Noooo! Don't fall for this!" β But seriously, unless the money in question is an emergency fund or money you'll need within the next five years, a wobbly stock market is the place to be. β At best, HYSAs will get you about 5% (though this number will likely drop in the coming years). The stock market's yearly ROI is about 7-10% on average over thirty years. This means a difference of *hundreds* of thousands, depending on the overall size of your account. β Plus - assuming most of your investments are in a tax-advantaged account like a 401k, Roth, or 529, that money grows tax-free. β In a HYSA, the tax man will want his share of all that interest you're earning. π This is on top of the already smaller earnings than the stock market. π± β Your investments in a tax-advantaged account are shielded from the tax man, though in different ways depending on what account we're talking about. (I outline the four main types of investing accounts here.)β β Assuming you're at least 10 years out from when you'll need this invested money, being in the stock market during downturns is actually great. People who stay in, rather than jump in and out, do far, far better, as I described in detail in this episode on the Run Your Money Show.β β You're buying stocks on sale so that when things do recover, you'll own more shares and, therefore, have more potential to increase the value of your account. β And - the best days of the stock market are often very close to the worst days. Humans cannot reliably predict when the best and worst days will happen. β You can see now why I wanted to reach through my phone to stop this question-submitter from making this very big mistake! β β Work with me 1:1- β Run Your Money Roadmap: β In the RYM Roadmap, you'll have six weeks with me to makeover your finances, top to bottom. β If you're finally making money (or have been), but haven't figured out how to optimize and grow your money, I'm your gal. β We'll have five 45-minute sessions over six weeks, roughly following this flow: β Session 1: We will discuss your money goals and explore ways to improve your mindset towards money. β Session 2: We will review your expenses, identify areas of wasteful spending, optimize your spending, and find ways to allocate more money toward the things that bring you joy. We will also assess your bank accounts and credit cards. β Session 3: Create your savings plan. Set up your HYSA sub-savings accounts and determine how much to keep in cash vs invest. β Session 4: Start or optimize your investment plan. Review investment projections to make decisions about how much to put in and the kind of investment accounts to have β Session 5: You'll walk away with your Run Your Money Roadmap. You'll know exactly where to spend your money and build your wealth while also enjoying life now... guilt and stress-free! β βLearn more and book here.β β βIf you'd like to book just a single session, you can do that here.β β β π©βπ» The Mom Project: Think Indeed.com, but for moms! You can find full or part-time jobs, and most, if not all, are remote-friendly. The companies that post jobs are vetted for being family-friendly, and you can find everything from a couple of hours a week to full-time. Whether or not you're a mom, if you're looking for more flexibility or additional income, there's probably something here for you! Check it out here.β β See you next week! β -Veronica β Did someone forward you this newsletter?
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βHi! I'm Veronica
Veronica is a Certified Financial Consultant by the NFEC and founder of Run Your Money. She wants you to be done with the money shaming of the finance bros and learn more grounded financial knowledge than what the money manifesters teach. Veronica has been good with money since she started babysitting at age 11, perhaps thanks to her Sun and Venus in Capricorn? Sheβs been saving and learning to be more strategic with money ever since. She also has a degree in Social and Economic Justice and has a unique perspective on how your finances play out in our larger economic systems. She wants to help you run your money so it stops running you.
Run Your Money Newsletter Hi, Reader! I wanted to take a moment to express my sincere wishes for a warm and joyful Thanksgiving (if you're celebrating) filled with family, friends, and my personal favorite: the Macy's Day Parade. π¦ This Thanksgiving, our household is spicing things up with a Turkey-Off. My husband is manning the smoker, infusing our bird with a variety of flavors, while my mother-in-law is making hers in the oven. As the official taste tester, I'm eager to see whose turkey...
Run Your Money Newsletter β Falling for Autumn Delights, Thanksgiving Crafts, and New Updates! π Hi there, Reader, I hope this message finds you wrapped in the cozy embrace of fall! As the leaves change colors and the air turns crisper, I can't help but indulge in the delightful seasonal offerings that seem to magically appear this time of year. Speaking of which, I might need a second job to support my Starbucks addictionβthose fall drinks are irresistible, aren't they? βπΈ In the spirit of...
Run Your Money Newsletter π»πHappy Halloween, Reader! It's that bewitching time of year when pumpkins adorn doorsteps, and the little ones transform into their favorite characters. My kid's set to roam the neighborhood as a mighty dinosaur π¦ this Halloween, bringing an extra dash of prehistoric fun to the festivities. In the spirit of all things eerie and mysterious, my podcast, the Run Your Money Show, has a special spooky-themed episode brewing, ready to give you delightful shivers and...