Minimalist Approach to Personal Finance
My Website:
https://www.spencercomps.com
My Company:
https://www.marketharder.com
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There's 3 main subjects I wanted to address in today's video when it comes to personal finance... credit, cash, and investing.
Credit:
I currently have 3 credit cards (Discover IT, Bank of America Cash Rewards, Chase Sapphire). However, I don't use any of the cards on a daily basis. I have an auto expense on each card (spotify, gym, etc) and I schedule auto payments on the card. That way I don't need to worry about the cards and it'll build my credit score.
Cash:
I use personal capital for managing my expenses. Currently I have 4 bank accounts. 1 personal checking, 1 business checking, and 2 savings accounts. The 2 savings accounts are holsters for large expenses I'm planning for in the future.
Investing:
My investment strategy is 65% in the S&P 500 and 35% into 3 different Ark funds. I'll probably keep this investment strategy throughout the year of 2021.
#investing #personalfinance #minimalism
