Wealth with Lauren

How to turn $100/month into $379,000+ 💸

Earlier this week we talk about just how powerful $100 can be on your debt free journey (check out my last post for more on how it could save THOUSANDS in interest and YEARS of time). But today I want to talk about how powerful that same $100 could be on your investment journey!

🌷First I want to say - there are SO many ways to find an extra $100/month. For many this would come from simply creating a plan, and then tracking + checking in with that plan.

*if you’re needing help with getting started, a Deep Dive would be perfect for this - link in bio to apply*

The trouble comes because most people don’t actually believe that $100/month is enough to make a difference. So then they simply don’t get started. Waiting until there is more money.

BUT with compound interest it isn’t about how much money you put in
It’s about length of TIME that the money is in the accounts.

💸 Now for the math!

What if you invested $100/month for 35 years - from age 25-60?

Over the course of the 35 years, that $100/month would add up to $42,000. This is basically like sticking $100 into a savings account each month.

Obviously $42,000 is nothing to sneeze at - it’s an awesome amount of money! BUT, what about if we invested the money instead?

You could take your SAME $100/month, $42k after 35 years, and turn it into over $379k+ !

CAN YOU IMAGINE?!

Now let’s take it a step further..

$42k invested - 11% of the total in your account

That means your growth, from compound interest alone is over $337k!

THAT’S 89% OF YOUR TOTAL!

🌷 Your $100/month gained you an 89% ROI!

THIS is how powerful your money is friend! When you are intentional with the plan and using it for your good!

Now obviously $379k isn’t enough to retire on, but it’s a HECK of a place to start!

For those of you just starting out on your investment journey, maybe feeling like you don’t have “enough” money to invest to make a difference, I hope that this math encourages you today.

Get started where you are.
Then adjust and add more as you go!

PS - tune in for our next post to see what happens when you add even MORE money each month to your investment accounts.

$100 is POWERFUL

🌷 Y'all are gonna want to save + share this one!

Last week on my Instagram stories I posted a poll and asked you all this question:

💸 Do you think $100 is enough to make a difference?

The votes? EXTREMELY split. 50% of you all thought $100 wasn't enough, and the other 50% said it could possibly do some cool things.

Which got me thinking...

How powerful EXACTLY is $100?
What can it do?
How much can it save you?
How much can it make you?

💸So without further ado, welcome to the first post of the new year (and our first ever money series)!

In this thread I walk you through the numbers of putting an extra $100/month on to your credit card debt. This example is based on the national averages for total credit card debt, interest rates, and monthly minimum payments.

💸 With just $100/month you would cut over 42 MONTHS off of your timeline
💸 You could cut $2,877 off your total interest paid

Now imagine if you applied the same principles to your car loans, student loans, and other debts as well.

Stop waiting until you have more money to get started friend. There are an INFINITE number of ways to come up with $100/month.

🌷 Negotiate on your utility bills
🌷 Sell on FB marketplace
🌷 Drop-shipping
🌷 VA or other service based business
🌷 Check in with your budget - where are you spending on things you don't care about?

NOTICE - I didn’t say anything about not spending on the things you love. Getting ahead with money isn't about restriction. It's about getting creative, having a plan, and sticking to it!

My challenge to you - stop waiting. It's costing you time that you will never get back.

💸 I know that getting started is the scariest & hardest part. If you're looking for community + accountability then my membership is THE PERFECT place for you to start your new year! Link in bio to enroll!

Comment below for Part TWO - how to turn $100/month into $100,000 🎉 @ Louisville, Kentucky

I haven't been myself lately

Swipe right to read more about what I've been up to over the past few weeks!

Getting honest about the struggles and sharing my excitement for where we're heading next

Business, just like life & finances, isn't linear

Hitting 6 figures and having a high net worth didn't solve all of the problems

I'm committed to sharing the whole journey. Because what got me here won't get me to where I want to go next. We need to be willing to ask ourselves the difficult questions.

Some of my journaling & prayers over the last few weeks:

🌻 what do I want my schedule to look like?
🌻 how do I want to launch & sell in my business?
🌻 am I happy with how present I have been in my personal life?
🌻 what would be really fun for me right now?
🌻 why am I afraid to ask for help or admit that things aren't working?
🌻 where can I speak my mind & my truth more unapologetically?

I'm ready to have a LIFE I'm wildly in love with. Comment a 💜 below if you are too! @ Louisville, Kentucky

Wealth isn't just about debt payoff⁣
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Contrary to what most money coaches advise, while we had debt we did NOT focus only on debt payoff (𝘰𝘩 & 𝘐 𝘥𝘰𝘯'𝘵 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥 𝘮𝘺 𝘤𝘭𝘪𝘦𝘯𝘵𝘴 𝘥𝘰 𝘦𝘪𝘵𝘩𝘦𝘳)⁣⁣
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Big name money coaches teach this message because they have to. Their platforms are VERY one➡️many & because of that give *very* generic advice⁣⁣
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My business is PERSONAL, which means I get to tell you guys how to actually make your💲work for you in really cool ways⁣⁣
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𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜𝐚𝐥𝐥𝐲 𝐰𝐞 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐨𝐯𝐞𝐫𝐚𝐥𝐥 𝐩𝐢𝐜𝐭𝐮𝐫𝐞 𝐛𝐞𝐟𝐨𝐫𝐞 𝐝𝐞𝐜𝐢𝐝𝐢𝐧𝐠 𝐨𝐧 𝐚 𝐡𝐨𝐥𝐢𝐬𝐭𝐢𝐜 𝐦𝐨𝐧𝐞𝐲 𝐩𝐥𝐚𝐧⁣⁣
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Budgeting⁣⁣
Debt Payoff⁣⁣
Emergency Fund⁣⁣
Sinking Funds⁣⁣
Investments⁣⁣
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1️⃣We need to know where your💲is right now AND where you want it to be moving forward⁣⁣
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2️⃣Once you have a clear picture, then we need to answer these q's:
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🌼Do you have an emergency fund? How much?⁣⁣
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🌼Debt - What are the total balances? What are the interest rates? (IMPORTANT INFO RIGHT HERE)⁣⁣
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🌼What are your goals over the next year? Do you have a trip planned? Will you make a big purchase? Have you started saving?⁣⁣
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3️⃣Based on how you answered these q's, we would then create a plan for your💲that takes ALL of this into account⁣⁣
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𝐅𝐨𝐫 𝐞𝐱𝐚𝐦𝐩𝐥𝐞:⁣⁣
⁣Let's say Sally has a student loan balance of $25k at a 5% interest rate⁣⁣
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Sally also has around $500 in her savings account⁣⁣
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AND in the next year Sally is in her bffs wedding & will need to have $$ for all the wedding fun⁣⁣
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Other money coaches make Sally feel guilty for spending💲on a vacation while she still had debt⁣⁣
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𝐈'𝐝 𝐫𝐚𝐭𝐡𝐞𝐫 𝐲𝐨𝐮 𝐜𝐫𝐞𝐚𝐭𝐞 𝐚 𝐩𝐥𝐚𝐧 𝐭𝐡𝐚𝐭 𝐢𝐧𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞𝐬 𝐁𝐎𝐓𝐇⁣⁣
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Who cares if it takes you 3 months longer to pay off the debt, if you get to enjoy life along the way?⁣⁣
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THIS is how my coaching is different⁣ & why my clients see massive results⁣⁣
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🌼We create plans they love & they actually want to stick to⁣!⁣
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💸PS - if you're ready to have a plan for your money like THIS, head to the link in my bio to download my FREE MINI COURSE, 𝐁𝐞𝐜𝐨𝐦𝐢𝐧𝐠 𝐚 𝗪𝐞𝐚𝐥𝐭𝐡𝐲 𝗪𝐨𝐦𝐚𝐧! @ Louisville, Kentucky

Why the worlds needs YOU to be a wealthy woman 💸⁣
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In a world where money is a taboo subject⁣
Where women earn $0.81 for every $1 earned by a man⁣
Where we're told that desiring more money makes us greedy⁣
Where wealth seems unattainable & hard⁣
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𝐈'𝐦 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐡𝐞𝐥𝐩 𝐲𝐨𝐮 𝐛𝐫𝐞𝐚𝐤 𝐭𝐡𝐚𝐭 𝐦𝐨𝐥𝐝⁣
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👋🏻Hi friend, if you're new around here I'm Lauren! I coach women on how to have freedom with their $$ NOW so that they can build generational wealth!⁣
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𝐇𝐞𝐫𝐞'𝐬 𝐰𝐡𝐚𝐭 𝐈 𝐧𝐞𝐞𝐝 𝐲𝐨𝐮 𝐭𝐨 𝐤𝐧𝐨𝐰:⁣
You are WORTHY of wealth⁣
YOU CAN:
Give, save, spend, and invest freely & with joy⁣
Pay off the debt⁣
Have a massive savings⁣
Feel fully prepared for the future + your retirement⁣
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💸Why is wealth important?⁣
𝘐'𝘮 𝘴𝘰 𝘨𝘭𝘢𝘥 𝘺𝘰𝘶 𝘢𝘴𝘬𝘦𝘥!⁣
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Wealth allows you to live your life differently⁣
It allows you to make decisions from a place of joy, curiosity, kindness, & freedom⁣
It allows you to change the life of your future family⁣
It allows you to give freely to your community + causes that matter⁣
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Money is a resource - the more you have the more good you can do!⁣
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🌼I know that many things didn't go according to plan in 2020⁣
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I have been brainstorming how to give back so that you can end your year STRONG. I am so excited to bring you my newest FREE course:⁣
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🌼 𝐁𝐞𝐜𝐨𝐦𝐢𝐧𝐠 𝐚 𝗪𝐞𝐚𝐥𝐭𝐡𝐲 𝗪𝐨𝐦𝐚𝐧 🌼⁣
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Link is below in the comments to enroll until Sun, Nov 15th at midnight!⁣
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💸 𝗪𝐡𝐚𝐭 𝐲𝐨𝐮'𝐥𝐥 𝐠𝐞𝐭:⁣
Module 1: Budgeting⁣
Module 2: Debt Payoff⁣
Module 3: Savings & Goals⁣
Module 4: Investing⁣
PLUS worksheets to follow along & work through each module *because when I create something, even when it's free, it's GOOD*⁣
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PS *since I'm all about marketing w/ integrity* ⁣
𝐌𝐀𝐑𝐊 𝐘𝐎𝐔𝐑 🗓⁣
Mon, Nov 16th - Fri, Nov 20th ⁣
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This free course is only a FRACTION of what you will get inside of The Wealth Lab Course & it's going on a MAJOR early Black Friday sale⁣
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Normally priced @ $997⁣
We're slashing the prices next week to $500! ⁣
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2020 can still be your year friend. Now is your time to get started on that next big money goal.
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𝐂𝐨𝐦𝐦𝐞𝐧𝐭 𝐛𝐞𝐥𝐨𝐰 - what $ goal are YOU going to accomplish by the end of 2020?

$101,585.25 💸🎉

1 year ago today I sent my first ever invoice for money coaching for $224.25

Last Friday, The Wealth Lab & Co officially became a 6 figure business with over $101k sold!

This last year has been a JOURNEY..

There was the time I spent $4500 in a single day before I ever made a single dollar

There was the month where $2500 went out, for just $1000 to come back in

Launches that flopped & people who ghosted

MANY moments of questioning am I actually cut out for this

🦄 But....

There were moments of joy

Clients became debt free

Clients saved $10k+

They believed in themselves & their ability to manage their money for the first time

They felt safe & free - no more money guilt

Families came together and started to make their financial dreams come true

🦄 AND...

We went from $1k in cash in January to our first $12k cash month in August

Over HALF of that $100k came in the last 5 months

Why is this important? Why am I sharing all of this with you?

1️⃣ I need you to know that your dreams are possible.

I'm a 27 year old from KY. I wanted to go to med school my entire life, until I didn't. I was terrified. My family was shocked. I had no plan B. But my gut said there was something else out there for me.

So I trusted God and took the leap

🌻It was years in the making & it was all exactly on time

6 years ago I couldn't have dreamed life would get to look like this

Swipe right to see what I journaled when dreaming about my "dream job"

Every single one of those things came true this year 😭 I had no idea how it would work, but my word for 2020 was TRUST & that's exactly what I did

2️⃣ These lessons/this story applies to YOU too! Your life, finances, business. The principles are the same.

Don't give up
Keep moving forward
Hold the vision
Know that if you do these things 👆 it has NO CHOICE but to work out

YOU CAN
Have financial freedom
Be debt free
Have a massive savings
Build a dream business
You can be WEALTHY

Dream with me - if you got started today what massive milestone could you be celebrating next year?

🌻Comment below your next big goal!

& if you're ready to start on your dreams, the 3️⃣ ways to work w/ me are linked in my bio

Halloween 2020 🎃👻

Sophia said Mom can we be UNICORNS, and of course I said DUH 🦄

I love days like today
Family
Friends
Our neighborhood
Laughter
A little (or a lot) too much candy

This is what life is all about for me, and I'm so grateful!

I try my best to live every moment fully. Embracing each stage of life as it comes.

But today I found myself daydreaming about the future. When Sophia and all of her friends are older. What they'll all be like. What life will look like.

Obviously I have no idea what the future holds, but I do know this. I hope Sophia stays her same magical, caring, dreaming, rainbow fashion, funny, beautiful unicorn princess she was tonight.

Happy Halloween friends!

Commitment 🌻

We all make choices and decisions every day, but if you're anything like me then you're probably changing your mind (and your plans) allllllll the time

I choose, then choose differently
I create a plan, then throw it out the window
I decide, just to change my mind

But once I'm committed to something or someone, that's different.

There's no going back
There is no choice other than this working out
Not giving up
Knowing you will get there
You're ALL IN - no matter what

So I want to ask you today

🌻 Are you committed to your financial goals? To your budget? Debt payoff plan? Investment strategy?

Or do you find yourself saying things like
"Next month"
"Next year"
"Next time"

Lack of commitment and follow through is keeping you stuck

I say that with love - and also because I've been there

It took me 8 months of saying "next month" before I committed to a budget

It took me 12 months of sitting on this business idea before I ever did a thing about it

Then I'd use the "failures", yo-yo budgeting, or everyone else succeeding around me to fuel my frustrations

I remember saying to my husband, "People say you just need to decide, but UGH I HAVE DECIDED. What's wrong with me?? Will we ever actually pay this debt off?"

🌻 The truth was, I had decided. I knew what I wanted the whole time, but I hadn't fully COMMITTED to the goal or plan.

The *aha* moment came when I committed to my dreams. The excuses didn't matter anymore. The fear wasn't so loud. The noise faded into the background.

Then all that was left was me, God, my family, and my goals.

That moment is scary. Most people never actually experience it. They spend their whole lives waiting "for the right time" only for it to never come.

But you can commit today. You can choose differently. Things can change. You can pay off the debt. You can invest. You can build a business. You can do literally anything you put your mind to.

Comment a 💸 if you're ready to talk about how to make your financial dreams a reality.

Sunday thoughts:

🌻 Life gets to keep getting better

🌻 You get to be both a work in progress AND worthy of joy at the same time

🌻 You get to choose what freedom looks & feels like for you

🌻 Your dream matters

Today I'm doing a lot of reflecting. I'm so grateful for my people. My family. My friends who are like family. How far we've come & where we're going next.

We spend so much time working towards the next thing that often we forget to be proud + grateful for where we are right now.

Comment below - what are YOU grateful for today??

📷 Pictured - opening night gala at my bffs restaurant in Louisville KY!

Having a clear plan allowed us to save $90k in one year

* I want to preface this story by saying, we were VERY privileged here. Not everyone has the opportunity to do this. Some have the opportunity but choose not to. This was our personal decision that worked well for us, and what I hope you take away is this *

🌻 Get CREATIVE with your money and your plan!

In 2016 we put our house on the market and it sold in less than 48 hours

Shocked
Excited
Confused
WTH are we going to do now?!

For a few weeks during the closing process we shopped around. Houses were selling for $20-50k over asking. I was 23 years old, and for SURE did not have an extra $50k (I hadn't even saved over $10k before this point).

We had 2 choices:
Buy a home for WAY over asking
Or move in with my great grandmother

The math nerd that I am, ran the numbers for both scenarios

🌻 Make informed money decisions. Run the numbers. Know the desired outcomes. Create a timeline.

Y'all - the day I found out we could save around $100k in a year if we moved with my great grandmother changed our lives forever.

How in the HECK?!

🌻 We had minimal expenses. No debt. No minimum payments. Literally just insurance, phone, groceries, and misc. personal expenses.

So we made our decision. We told ourselves we would stay for 1 year, but continue to shop in the meantime.

Why $100k?
Because that would allow us to put down almost 40% for a down payment on our home. Keep a 15 year mortgage. AND have it be less than 35% of our take home pay.

🌻 Know the whole picture. THIS is why you need a holistic money plan.

The reason why we got those results (and now why my clients do the same) is because we're planning ahead. Taking everything into account. Adjusting as we go. Knowing our desires + what we're NOT okay with (because that's just as important).

Your money plan should be just that - YOUR PLAN.

It should include everything important to you and allow you to hit your goals.

If you're ready to know exactly where you are now + exactly where you're going + the exact steps for you to start building wealth..

🌻 The Abundant Budget Masterclass is for you! 24 hours left to enroll. Link in bio!

LET'S CREATE YOUR ABUNDANT BUDGET!

Have you ever gotten to the end of the week or month and thought "where the HECK did all my money go?!"

Have you ever heard the word budget and cringed a little inside?

Do you think that budgets are only for people who are in debt or don't have an "overflow" of money?

Is your idea of a budget that you have to say NO to all of the "extras" or fun - because you don't "need" them, especially while you're working towards a goal?

Raise your hand if you resonate with any (or all) of the above 🙋🏼‍♀️

FRIEND, I used to be just like you!
I said and felt all of the above at some point in my life. I thought budgets were restrictive and hard. My idea of financial freedom was the day when I would never have to budget again.

Spoiler alert - that day will never come.

Whether you make $40k/year or $400k/year

Whether you have $1k saved or you're a millionaire

Or anywhere in between, you will still have to manage your money and tell it where to go.

🌻It's time to reframe what the word budget means.

What I realized was my dream came from being conditioned that a budget was hard & restrictive. When the reality is your budget can set you FREE!

You deserve to have a plan for your money that meets you where you're at right now. Your needs, wants, & goals. Your budget should account for ALL of those things.

Notice that list again:

Needs
Goals
Wants

Incorporating ALL of these things, regardless of where you are on your money journey, is how you create a budget that makes you feel ABUNDANT!

This method is why my clients get money results that last - because it's sustainable and fun along the way.

I am teaching you the EXACT method we used to pay off $40k of debt in 18 months and hit $270k net worth (and climbing) by just 27 years old. The same method that allows my clients to pay off their debt, save big, invest, and still buy the things they love too (because hello it's PSL season ☕).

The Abundant Budget Masterclass is open for enrollment!

For just $47, on next Wednesday Oct. 21st you can join me (+ 10 other amazing women) to learn how to create YOUR abundant budget.

🌻This is where financial freedom starts friend. @ Louisville, Kentucky

Your custom plan to get to $1 Million Dollars (hello WEALTH 💸)

There is a lot of noise in the world about money and wealth right now. The truth is, most people who talk about money really aren't all that qualified. They're giving advice that MIGHT allow you to hit a goal, but doesn't lead to sustainable results or joy.

A lot of people ask me, where do I start?

Here's what I tell them:
Ask yourself - what does financial freedom mean to YOU?

🌼 Your dream day - what would your schedule look like? How much money would you need coming in/going out monthly for this to become a reality?

🌼 Your dream bank account - how much money would you have saved for emergencies? How much would be in your account when you log in every day?

🌼 Your dream expenses - where would your money be going each month? Would your minimum payments be gone? What types of bills & expenses would you have?

🌼 Your dream goals - what would you be working towards right now? What's next on the horizon?

🌼 Your dream spending & giving - how would this freedom allow you to be & live in your daily life? What would you buy? How would you support your community?

Get SUPER specific with what you want, then we can create a plan that meets you where you're at right now AND grows with you as you do.

Creativity > Confinement

Your budget should never be restrictive, and your plan should never make you feel trapped

Those strategies, no spend months, saying no to everything, the hustle mentality - that will work for a short amount of time, but the reality is you aren't going to want to feel or act that way with your money forever

Over the next few weeks I have a series of posts coming (+ a BRAND NEW OFFER for less than $100) all about getting creative with your money and building wealth! Stay tuned!

The way that we have gone from a (-)$150k net worth in 2015 to (+)$270k (on track for $300k by the end of 2020) is that I figured out how to make money work for us and GROW.

I want to teach you how to do the same!

*and if you want early access - check out my stories for more info *

🌼 In the meantime, drop your burning money questions below! What are you dying to know about building wealth & money?