Step 12! Maintenance and pay it forward!

We made it! The 12th step in the MGB Investing Starter Kit process is a maintenance step, one that we all can conceivably continue for the rest of our lives! Basically, we cycle through the other steps regularly:

Continue to

• pay attention to the S&P 500

• track our expenses (and income) daily/regularly

• increase our income!

• work with a Check In Chum--the same one, or complete your agreement with them, and try a new person

• increase our Abundance Fund to 2-3 months worth of expenses (with an eventual goal of getting to a full YEAR of expenses, in cash. Replenishing it as soon as we can if we need to dip into it.)

• pay down debt until we are debt free!

• regularly assess our monthly expenses and money plan

• (Didn't mention this in the video, because it's a long term practice, but ) review our will and estate plan every 3-5 years

• INVEST! Dollar cost average into the S&P 500 tracking fund that we researched and hold in our brokerage account

So, if this feels overwhelming, or like too much, PLEASE sign up for our 6 month class, or the Black History Month class, links are below.

The other aspect to step 12 is to PAY IT FORWARD. Introduce someone else to this blog! Send them to TheInvestingStarterKit.Black and see what they say!

And in the meantime, thanks for reading all this. Here's to our financial fluency!

Quick links:

What is The MGB Investing Starter Kit? is HERE

Step 1 in the MGB Investing Starter Kit process is HERE

Step 2 is HERE --Keep a 'Digit Tally', like You Need A Budget or RocketMoney or our free tracker template HERE

Step 3 is HERE

What is Investing? is HERE

Steps of MGB Investing Starter Kit

To buy our self-paced investing course for $49, sign up by clicking HERE.

For the 90 min zoom class during Black History Month for $98, click HERE.

To register for our 6 month course, for $795, click HERE.

Disclosures

Equity through equities.