Financial Planning - pt.2

By

Ginaya Donnette

So, after the first article, I received some inquiries about where to start - in other words encourage me!! 

My financial planner Keisha and I came up with the following milestones for me to accomplish during my year of 40.  Once these marks are met I can kick my feet up and begin enjoying the fruits of my labor.  Well almost enjoy.  I won’t be making any money but my accounts will be set up and running on autopilot...  Let's get started:
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(1) Move my small accounts into large plan that covers IRA and deferred compensation balances over to a higher yielding account through her company.  I chose a mix that included dividend earning stocks and this is just one of my ideas on creating passive income.  

(2) Increase my income through multiple streams.  I already have a part time job and the plan was to ask for a raise but I may have missed my chance to do so before corona hit us.  Now while I’m home I decided to start a new business or side gig.  At least I have time to research and figure out what that will be.

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