InternationalThe thing about dreams is that we often assume they're completely out of reach. Sure, if $1 million came our way, we'd pay our student loan debt off in full. Or take a safari. Or buy a house. Or throw the wedding of our dreams. But without that windfall, who can afford it, right?
If you do the math, you might be surprised.
Over the next month, that's what we'll be focusing on: Putting a price tag on your dreams and creating a plan to help you afford them in the future. We'll start with pinpointing what exactly it is you want to accomplish with your cash, identify the right first step to take, and identify any challenges standing in your way. Then, we'll calculate exactly what this goal will cost, and lay out a timeline for how long it will take to achieve.
We're not going into this blindly. We know that the ability to afford your dreams depends on a lot of things: your job, your living situation, your credit, and the flawed systems in the US that favor some people over others. We know that if you dream of a private island, you'll probably need more than a month of strategizing. But if you dream of things like laying the groundwork to become debt-free, or a homeowner, or pay for your children's college, we can get you started on that journey.
Welcome to the Master Your Money Bootcamp
Over the course of 2021, we'll conduct four of these Bootcamps, each culminating in a free, live, virtual discussion among experts about how to make the most of the tasks you've already accomplished. You can take all four Bootcamps this year, or pick and choose the ones that give the guidance you need most.
For each exercise, you'll get a detailed explanation of how to complete it and why it's important. Use the hashtags #MasterYourMoney and #MasterYourMoneyBootcamp to share your thoughts, progress, and connect with others across our Twitter, Facebook, LinkedIn, and Instagram as you make your way through each exercise, then join us for the live events.
While you're here, feel free to visit (or revisit) our first Master Your Money Bootcamp of the year, which broke down the major task of demystifying your finances into four achievable steps.
Our first Bootcamp exercise launches Monday, May 17, 2021. You don't have to sign up - just dive in! Here's what you'll accomplish in just one month (we'll link to each exercise as it goes live):
Master Your Money Bootcamp: Decide what you want
- Exercise 1: Dream big
- Exercise 2: Choose what comes first
- Exercise 3: Identify what's standing in your way
- Exercise 4: Figure out your price tag and timeline
- Virtual Live Event: Homeownership
- Read more:
- Are you a millennial who met a financial goal in 2020? Insider wants to hear your story.
- A millennial paid off $23,000 of student loans in 5 years thanks to 3 simple moves
- How a laid-off millennial turned her $20,000 severance check into a thriving freelance career
- A millennial couple explains how they use automatic savings and bill pay to avoid money stress in their relationship