One of the top concerns for young adults is the economy. How do you prepare? What can you do to meet the challenges of the future? Your habits are the gateway to reaching success. The following three practices will protect in the long run.

1. Budget.

• Tracking what is coming in and going out.
• When you get a raise be strict and focused to what your future goals are.
• Zero sum budget is when your income and expenses reconcile as zero.
• Checkout: Dave Ramsey and Dasha Kennegy The Broke Black Girl.
• 50/30/20 Rule – All Your Worth; balances necessities, wants and savings.

2. How to set goals.

• Where do you see yourself at the end of the year? Write down the emotion and feelings associated with what you want.
• Check out: Atomic Habits to learn how to create habit and behaviors that serve and not hurt you.
• Behaving as who you want to be will help you with those little decisions because you are focused on what you really want.

3. Avoid unnecessary spending.

• Is your car doing the job? How can you be smarter in your spending?
• Spending less than you earn.
• Using credit cards responsibly. Remember the money is not yours, it’s the banks and you are borrowing it.
• Interest adds and never sleeps.
• Utilize off-brands and thrift stores.

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You can help build a better world.

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This episode is brought to you in part by Better Homes and Gardens® Real Estate.

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