Recommended Resources
Getting started for anything when it comes to education, finances and careers is always tough and can seem like a daunting task. So, I wanted to compile a list of resources that I think will be beneficial to you for whatever task you want to accomplish. If you know anything that might be of help to others, please share and I’ll definitely look into adding here.
Please note: there are affiliate links on this page. I only recommend products and services I use personally or vetted myself.
Life Insurance
First things, first: life insurance. If you don’t have life insurance, then make sure you get a term life policy through Haven Life Insurance or Health IQ. Protect the ones you love and care about while you’re on your path to financial independence. Habesha Finance teaches to have a term life insurance policy in place as you save, invest and build wealth for the future. Shop between the two sites and you’ll definitely get a great deal. Don’t delay! For more information about life insurance check out this post I wrote about…life insurance.
Personal Finance Tools
Budgeting
We all need to budget. There is no way around this. As professionals we have to be responsible and disciplined with how we manage our money. I personally believe a budget is the most significant tool to help you win with your money.
In this course you will find an amazing budgeting tool that will help keep you organized and effective as you build wealth. There are some apps out there for budgeting like Every Dollar, Goodbudget and Mint (in order of my preference). Overall, I still prefer this Google Sheets budgeting method. Get started below!
Debt Payment Tool
To help you get out of debt as fast as possible I’ve included a really great FREE debt payment tool below (thank you Vertex42.com). Test it out and plug in some of your numbers and see what’s possible with the debt you have. There’s also a second tab to help you project your payments and the flow of the debt snowball.Debt Reduction Calculator (Click “Make a Copy) – Subscribe for Access
Personal Capital – Net Worth Tacker
Personal Capital is an important part of the way I manage my net worth. They provide really awesome tools to manage your wealth and track your progress to financial independence. I really like the layout of the website and the app that’s available. Best of all you can sign up for a free account and have all your financial information in one place to review.
Financial Calculators
Here are some calculators below that I created to help you on your path to financial independence.
My 187 rule calculator is simple to use. Multiply a monthly expense you have by 187. The amount calculated is what you could potentially earn in 10 years if you invest that same amount monthly in a low cost S&P 500 Index Fund.
So you want to know how much a $1 will be 20 years from now or 30 years from now if you invested it. Check out this cool calculator to do just that!
Recommended Books
The Total Money Makeover
My favorite book for anyone who is just starting to take control of their personal finance. Also, this book is a great reminder on good financial habits for anyone who continues to succeed financially. I highly recommend having this book in your library. Dave definitely teaches everyone what true financial independence is all about.
The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness
The Millionaire Next Door
Another great book I read and recommend is The Millionaire Next Door. The authors did a great study and review of many millionaires and how they got to be where they are. Whether you check this out of the library or add to your collection, this is a must for a literature foundation of personal finance.
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy
The Simple Path To Wealth
The book that will change the way you view your path to financial independence. JL Collins tells it like it is. No sugar coating our need to be financially responsible and independent. JL Collins is offering great investment advice and reasoning that will improve the way you plan your future I definitely recommend this book for anyone wherever you are financially.
The Simple Path to Wealth: Your road map to financial independence and a rich, free life
Blogging
Bluehost
Bluehost is how I started HabeshaFinance.com. Their customer service walked me step by step throughout the process. Even now when I need help with updates or certain features they are there to help. I highly recommend anyone who is thinking about starting a website to give Bluehost a try. To get started building your website click below!
