Eric Amaya > Recent Status Updates

Prenups and how to emotionally navigate them

I talked about to navigate money with other people and how to be considerate. It also assumes I’ll always have more money which is nice but it goes through friends, parents , partner, very useful.

I’m realizing that this book will be most helpful when I’m sitting down at the computer and ready to follow the step by step instructions.

I went into the section of investing individually in certain stocks and I barely understood anything. My guess is that when I look again imma look into target date funds.

Target date funds are the easiest way to invest

Talked about portfolio diversity and and how to split up your investments based off your age and how much risk you’d like to incur

We’re going into her investments and more money you invest will basically make it like this. Money generating money. And that it can get to a crossover point where you don’t have to pay for anything anymore.

This went into about how paying people to manage your investments will cost you so much money over time. That even a 1-2 percent fee could cost you thousands in the future and that the real investment is learning how to do it yourself.

It’s talking about to save money for things that aren’t just trips which is valid. The next part is about financial expertise and how for investing purposing it’s mostly flukes

Automatic spending

We went into what to do if we don’t make enough money, things went into negotiating a raise, getting a higher paying job, or doing freelance work.

The envelope system to sort out how much money I use monthly and allocate to food groceries entertainment etc etc. I want to try this instead of extreme budgeting.

More on conscious spending and how I should create a budget and having a guilt free spending

Creating my conscious spending plan. To lay payment and invest in things I like guilt free. Do just be aware of where all the money is going.

Conscious spending versus cheap spend dung is about evaluating the value of what you are buying and determining its worth by that

I started the personal finance section and I’ve gotten into how a budget is terrible advice & haven’t been given another option yet

How if I open up a retirement account now I’ll be set up in the future.

It told me which accounts to open up for checking and savings. Good thing is I already did it 3 years ago when I first started reading.

We’ve gone into getting new bank accounts. Not stockholming ourselves to our first bank accounts and to look for better companies.

We went into how credit cards can be dangerous. Stigma or “invisible script” people say about credit cards that’ll never let them fully take advantage.

I’m being taught how to “hack” credit cards. How I should make sure I’m using all the perks of my credit cards and that I should be paying off in full at the end of the month.

I finished reading the intro about the book and how it’s going to take me step by step through a program to financially set myself up and common misconceptions + things we hear a lot when trying to do these things

It ended the work boundaries section and began the social media boundary section and it’s all the stuff I already know and would expect. Don’t follow who you don’t feel comfortable with, don’t doomscrolling instead of avoiding.etc etc

I’m currently at the work boundaries section where it’s talking about things like maybe the workplace isn’t so bad and you just haven’t tried to set boundaries. That most times people don’t think they’re violating and it’s upto us to be vocal about it before stating the workplace isn’t just bad.

This chapter delved into friendship boundaries, when to confront a friend who complains to much, or if the relationship is not mutually beneficial, when you’re being drained. Or the fact that sometimes we continue to grow as people and change and us changing as people causes changes in the friendship dynamic.

Finished reading about relationships, it said that we all have needs and the reason most relationships break up is bad communication. Then I started the friendship section where someone is having no an issue where their friend only complains and they’re tired of it.

This chapter talked about clear communication and respect when addressing issues.