Money Moves

Hey Rayne Drops! Money is a resource and most of the time when it's talked about in music, it relates to spending it and using it to show immediately what you have and be a status symbol. I say, that's cool and you know I love a new shoe BUT let's have a space where we can support each other stacking and building legacy.

I believe we all have insight on how to make things happen since we are all unique and have different skills. What would happen if we started putting those things together? - GREATNESS and probably some really good music inspired from it.

Please share in the comments of this blog, download the money saving hack eBook below and tell a friend. Let's Move!

Rayne Drops Money Level Up Corner

Blog: She Levels Up™

From Multiple to Maxed 

Its okay to have more than one or two credit cards but there are certain stipulations to making them work to your benefit. 
If you've had trouble with debt before because you've lacked some level of spending discipline then hold off on trying this a bit until that is addressed. If you're ok in the disciple department or you keep an ultra low balance on your one credit card then know it will not hurt your credit if you have another. Once you have it your biggest job is to make sure you do not ever keep a high balance on either one. 

It shows you can manage a large sum available to you without going crazy. If this happens and you keep everything else with your money in order, you should see some improvements in your credit score.

Don't Blindly Invest 

Go with what you know and if you are thinking of trying another investment or savings vehicle, research the heck out of it -- just don't take one other persons opinion. 

The information they give you may be 100% accurate but you need to have a full scope of your risks in any investment you make. Know all of the pros and con's and then decide whether or not you can tolerate the worst happening or if it would be too devastating.


Here are some of my suggestions for accessible information sources before you invest:

Realty: Danielle Pierce, Mark Whitten, Max Maxwell, Douglass Depte

Stocks: Red Panda, Wall Street Trapper, The Black Financial Channel, Our Rich Journey


There are so many resources. What are your favorites?

Analysis Paralysis 

This really applies to every area of your life. Your home, money, business, health - everything.

Analysis paralysis is real. It’s great to know that you need some level of knowledge to adequately take a leap of faith and succeed; however, if you never apply that knowledge, what are you really gaining? Knowledge is a resource that must be used in order to be leveraged. Also when you use what you know, what you've learned will be reinforced and you'll gain more knowledge along the way. Remember, you never stop learning and things are a process.

In the comments, write down what action you're going to take by the end of the week toward at least one of your goals.

Keep Your Oldest Credit Cards Open 

The older your credit accounts the better so keep your oldest credit card open. If you've just paid it off or are about to, don't close it. Put it away and let it now help you raise your credit score by maintaining a low balance that you pay off every month.

High Interest vs. Lowest Balance 

There are 2 popular methods to paying down debt. Choose one of your debts and pay more on that one, starting with the one with the highest interest OR the one with the largest amount. 

The highest interest may seem to take longer but will result in you dishing out less overall in interest payments. 

Decide on a method today if you haven't already and crush it!

I ain't out here needing your validation...I be bout my money”


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