What to do with a financial windfall
Ever received a financial windfall? What would you do with it? A bonus from work, sold something large, an inheritance, or winning the lottery are all financial windfalls.
Have a system in place for your money because you will receive financial windfalls throughout your life! I believe you could look at getting a pay check every week or every month as a financial windfall.
He's my system no matter how much the windfall:
10% = Giving
Follow the 5 Steps to Financial Freedom!
- Pay off all debt
- Fully Funded Emergency Fund (3-6 months of expenses)
- Invest 10%-20%
- Pay off home early
Increased lifestyle Be sure to check out the ILMA Budget/Debt Elimination Course: https://www.sentinelcoaching.com/ilmabudget