Daisy B. – Carson High School

Think. Tank. Challenge

“A goal is a dream with a deadline” by Napoleon Hill. The Think. Tank. Challenge, has influenced me to set goals that I never thought I could achieve, based on creating “smart goals”. Goals that are specific, measurable, attainable, relevant, and time bound. Learning to ask myself if what I am doing today is getting me closer to where I want to be tomorrow.

This challenge has encouraged me to take action! First by defining my vision and   mission. My Vision is to attend a four-year university majoring in communications with a minor in business. However, this could be very costly with tuition for universities ranging from $12,000 to even $40,000 a year! Coming from a low income family this raised high anxiety with me and my family members. However, with the knowledge I’ve   gained from the Think. Tank.

Challenge lessons I’ve found that I no longer need to be afraid of graduating from a four-year university with tons of debt from student loans, which would normally take years to pay off.

Learning about how to keep my credit scores high and being at a low risk at all times, the advantages of saving your money, and investing; all helped me understand why me and my fellow peers need to start saving so early. The earlier I start the safer I will be financially in the future. Gaining all this new information encourages me to save and gives me motivation in knowing that it will benefit me now and in my future endeavors.

My plan in order to begin to save for my future is to right away begin to take 10% off of every pay check I receive, continuing to save in daily purchases, minimizing monthly expenses, and never spending more than I earn. Creating a back up plan that will be used in case of any unexpected occurrences that life may bring me. For example, car repairs, home repairs and possible medical bills. Having three to six months of my total expenses set aside will help me get through those unexpected hardships that are bound to happen. I now know to watch my credit score, to pay my bills on time and to continue to stay in control of where my money goes and stays. In doing so I will create a more successful and stress free future for not only myself but as well as my family. “It’s what is in your head that determines what is in your hands” by Robert Kiyosaki, meaning it’s what you think and act on that determine what you have in the end. My actions in preparation for my financial future will gain me the ability to be financially stable.