This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
Learn to KEEP your money
The more money we can keep, the more we can level up our finances, flourish, and build wealth.
The next time you get a promotion, a bonus, a charitable monetary gift, or come into some random cash, instead of thinking of all the things you can buy, think of all the ways you can save!
If we strategize more with our saving and investment habits, we will experience more financial freedom, financial independence, and less debt.
According to Bank Greenwood, a dollar circulates for six hours in the Black community, 20 days in the Jewish community, and 30 days in the Asian community. The lesson to learn here is: that the longer you can hold onto your money, the better your financial outcomes.
What About You?
After you get paid or come into contact with income, how long do you tend to wait before spending it?
Some of us could learn to delay our spending patterns a little longer. There is always something available for you to release your money on, but the question is, do you need to do this? Often, the answer is no. Many of the things we buy are unnecessary.
Alternative Actions To Execute With Extra Income
Eliminate one expense.
Build out your 6–12 month emergency fund.
Invest the extra income, and act as if you never received it.
Give a percentage of the extra income to someone in need.
If you have a 6–12 months emergency fund, put the extra income into paying off a single debt.
If you’re getting new income consistently, you can put that extra cash towards debt each month or quarter.
Get a tenant or roommate to increase the extra income you recently added to your budget.
If you came into a transformative and permanent financial promotion, live modestly and do not spend all the extra income you’re bringing in now. Some people live on the same income they had before receiving the additional income.
Don’t tell anyone about the extra income that doesn’t need to know. Sometimes, people will find a way to get their hands on our extra resources when and if we tell them about it (e.g., someone wants to go on a shopping spree or travel somewhere with you that was not originally in your budget or planned).
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.