Million Dollar Net Worth - April Stewart - Finances Demystified

How April Budgeted Her Way to A Million Dollar Net Worth at 38 – April Stewart

Summary

Budgeting can be a tedious task, but if it can get you to a million dollar net worth status would you still not do it?

Knowing the ins and outs of her money made all the difference for  April Stewart, an engineer with a passion for personal finance. Driven by financial freedom from debts and mortgage that binded her since the age of 22,  April Stewart hit a million dollar net worth by the age of 38!

On this episode, April will share how she’s been able to her achieve her financial goals with budgeting, discipline, consistency and being focus.

Resources
Key Takeaways
  • Consistently contribute to you retirement as much as you can.
  • Create a budget specific for the month. Think about the expenses and the activities for the month.  
  • Budgeting is telling your money what to do each month.
  • When you budget you will realize how much money you actually have and you will be surprised to find out that you have more than you realize.
  • Income is the greatest wealth building tool.
  • It’s not about how much you make it’s what you do with your money.  
  • Always think about the big picture and keep your eye on the prize to hit your financial goals.  
  • Put a plan around your money by creating a monthly budget and getting rid of your debt.
  • Net worth is calculated based on your assets minus your liabilities.  

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Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.