WATERFALL FUNDING: How I Save Money To Travel With My Queen

A Couple That Invests Together

When you’re in a relationship, having fun and exploring places you’ve never been before is the goal. A lavish vacation to captivating destinations may be just what you need to add a little more excitement to your relationship.

Here’s the issue: we don’t realize we all have money to live our desires (yeah it may not be in your back pocket right now but you still have it). We just spend it on the wrong things. This is called a misallocation of funds. We have to position money towards investing in order to fulfill our goals.

Recently, my beautiful Queen and I started investing together and teaching others how to make money in the markets. It’s truly a blessing to find a partner that’s excited about the jet life like I am. Consistent travel is a part of who we are and we’re not willing to compromise on that. So, we invest to create our plans as we celebrate each moment of our love.

Financial Reflections

Think back, what are some of the things you do when you get a tax return, settlement money, or a sizable paycheck? We usually purchase something that costs money (liability) and not what makes money (asset).

Also, we borrow money today and have nothing for tomorrow (how smart is that?!). What if you took $20 dollars out of your check and split it in 3 ways? What if this method could guarantee that you’ll have a larger stash of cash quicker than you could dream of?

These goals can easily be achieved by using waterfall funding™ (trickle down allocation), which is a way to break up an amount of money and make more from it. Below is a 3-part strategy that derived from this investment concept.

Liquid Savings

In our culture, we mainly focus on enjoying the summer while we struggle in the winter. Remember the story about the ants (not the ones in your pants)? They work hard during the summer and relax in the winter. Take notes: this is how we should be as a people. You can start with a liquid savings account, giving you the flexibility to spend at your leisure during the fall season of the year. You’ll be at the top of your savings game with this type of account.

Typically, we work hard in October and November, get a big check, and shop on Black Friday. It might be better to work harder in the summer and put that money into your liquid savings account earlier on; this secures your winter over time can be used to replenish your savings account.

The money you put into your liquid savings account should be like a waterfall. It allows that Christmas check and tax return (why go broke two weeks after) to trickle into the second part of your waterfall fund™, a “rainy day” account.

Rainy Day Savings

Back in the day, CDs (certificate of deposits) were used as a rainy-day fund or long-term investment. Now, online accounts offer more flexibility because they have less banking fees (overhead cost such as space and employees) that you have to pay for.

NOTE: In the investment world, the phrase “long-term” means a solid investment that has proven to be overall profitable for a minimum of seven years.

In this digital age, an online interest-bearing account is a great way to save money while gaining more over time. Rainy day (Interest bearing) savings accounts pay you a percentage every month on the amount of money you keep in your account.

The more you put in your interest-bearing account, the more extra money you will receive into your account from the bank. The extra money you put into this account can filter into a “money-maker” account.

Money Maker Savings

“Savings alone isn’t enough”

The name of the game is “save when it makes you money”. We live in a high inflation, low-interest rates world, so we have to pay more for things we normally buy. Money is meant to be moved.

Putting funds into a money maker (stock brokerage) account, helps you create monetary success for later. Having a money-maker account naturally encourages you to properly invest your money into assets, and not waste it on liabilities.

In Conclusion

My lovely lady and I are actively using this plan and are excited to see the results. We will be celebrating the fruits of our 3-part savings strategy as a couple. We realize that we all have to be smarter with our money now.

We live in a world of new financial realities. Today is a great time to create a vision for your family. Who says a bit of finance doesn’t make the romance spicier? If you want to learn how to make more money with your honey, click here and let’s get started!

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Disclaimer: The word and associated terms “Waterfall Funding” is the sole creation of BlackCoupleTravels.com and is not to be used without permission. If this word is used in a professional setting, credit has to be given back to its original owners.