It’s a Vibe: Kick Start Your 2024 Financial Empowerment Journey
by Good Vibes founder and Cohort 10 alum Ibrahima Badji
With a mission rooted in promoting access to higher education, Good Vibes is dedicated to bridging the gap for low-income students: 90% of our students go to college debt-free. Our commitment to community empowerment doesn't end at the classroom door. Beyond academic support, we instill values of entrepreneurship and principles of financial independence. By equipping students with these essential life skills, Good Vibes NYC ensures that they are not only prepared for academic challenges but are also poised to navigate the economic landscape with confidence and autonomy.
Good Vibes isn't just about getting students into college: it's about ensuring they thrive once they're there and are equipped with essential life skills. We emphasize the significance of credit and entrepreneurship, and the impact is multifold.
Here are some actionable tips from the Good Vibes curriculum to kick-start your 2024 financial empowerment journey.
Actionable Tips for Financial Empowerment
1. Understand Your Credit Score: Regularly check your credit report for any discrepancies and understand the factors that influence your score.
2. Pay Bills on Time: Even a few days late can significantly impact your credit score. Set reminders or automate payments to ensure punctuality.
3. Limit New Credit Applications: Only apply for new credit when necessary. Multiple applications in a short time can be a red flag for lenders.
4. Entrepreneurship Essentials: Start with a clear business plan, understand your target market, and be prepared to adapt and learn from failures.
5. Seek Mentorship: Connect with experienced entrepreneurs or join business networks to gain insights and guidance.
6. Save and Invest: Always set aside a portion of your earnings for future investments or to tackle unforeseen challenges.
Good Vibes is not just an organization; it's a movement with a firm belief in the power of education and financial empowerment to drive positive social change: leverage these tips to kick-start your 2024 financial planning.
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