This is part of a sponsored collaboration with Prudential and DiMe Media. However, all opinions expressed are my own.
I’m home from Hispanicize LA, where I was a Prudential ambassador, a moderator for a panel on working artists, and I showed off my wares! I’d never been to the Los Angeles event before and had no idea what to expect, but as usual, I absolutely loved it.
All the attendees were entrepreneurs like myself and the hustle game was STRONG. Everyone showed up on point, ready to share ideas and soak up lessons from others.
Okay, let’s talk MONEY. My assignments for this event worked seamlessly together. Below is the panel I moderated about monetizing a business. Our panel was comprised of Anna Alvarado, Millennial Loteria, and Fuchila Fresheners.
We talked about the different methods of launching a side business, and then using that money to not only reinvest back in the company but keeping a portion for savings. We talked about the different ways to price our work and our value, and how to build on those funds to create generational wealth.
Here is a video of our conversation after the panel session!
All you had to do to get more info was visit the Prudential area at Hispancize. One of the features was an interactive activation wall. It had illustrations and questions, and you would touch the wall and images lit up with more information. It was pretty cool! Aren’t these great tips?
- Set up an emergency fund of 3-6 months of living expenses.
- Start your retirement fund early, contribute regularly!
- Start a long-term savings plan for your kids.
- Set aside a portion of all income for savings, even if it is just a little bit.
- Get to REALLY know your finances. Use a phone app to track your spending. Review it week by week to see where you can save.
I’ll share two ways I recently saved – I used to go to Starbucks by my house way too much. I downloaded the app so I could review how much I spent on coffee. Now I load $25 for the month and that is my limit.
I recently cut the cable cord and went all digital. I saved $200 a month, it’s now down to $54.
These were just two ways, but wow, they sure made a difference. Here are some helpful articles you can use for your financial planning.