It has been six months since I started this project, and it’s incredible to see how much this community has grown in that amount of time. We have recently hit a few milestones which is very exciting. But, before we look at the milestones and glance into the future, I want to reiterate the main mission of SheeksFreaks.
Now that you have a checking account (and are taking it to the next level), it’s time to do what Gabe did and open a savings account – the second most common type of financial account.
In the previous two posts, 4 Ridiculously Easy Steps Olivia Took to Open Her First Checking Account and 7 Kick-Ass Habits Olivia Uses to Effortlessly Manage Her Checking Account, we looked at many aspects that helped Olivia open and manage her first checking account.
In our last post, we looked at how Olivia opened her first checking account in the best way possible. Here, we will look at how she is killing it by managing her account like a Freak.
This post will explain how Olivia opened her first checking account. She did everything right and is now using that account to start down her road to financial independence.
Most people consider all assets the same. They define an asset as follows: “Something one owns that has monetary value.” This definition is widely recognized and accepted. Using this definition, you could make a list of the many assets you own.
If you want to be a Financial Independence Freak, you need to know some basic terms.
The skill of managing our money is a frequent victim of this philosophy. When most are young they don’t like to “waste” time learning about money; there are too many fun things to do. But you need to start educating yourself on personal finance topics NOW. Not in 5 years. Not in 10 years. NOW.
Freak (n): a person who has withdrawn from normal behavior and activities to pursue one interest or obsession One who is markedly exceptional or extraordinary SheeksFreak (n): A young person obsessed with making intelligent financial decisions to allow themselves to reach early financial independence and live their best life SheeksFreaks learn and think about the… Read more »