January 16, 2020  |  Written By Elizabeth Tavidian

Do you ever feel stuck financially, emotionally, physically or professionally? We all have at some point but it’s about overcoming your own barriers that keep you in that mind set. For me, being a single mom can have its challenges but it’s all about perception and perception eventually becomes reality. “The world exists as you perceive it. It is not what you see, but how you see it. It is not what you hear, but how you hear it. It is not what you feel, but how you feel it.” -RUMI.  

I went from surviving pay check to pay check, to now owning rental properties because I had a goal, a vision and determination to live a better and balanced life. How did I do it? Three words. Give. Save. Live! 

Give 10%
Once you make this change, you’d be surprised at how your finances will thrive.  There have been several studies that show when you give, it makes you feel happier. Dave Ramsey wrote an article that explains generosity is good for your brain and it makes you and those around you happier. Generous people are fun to be around and it’s contagious. Generosity also helps you live longer as it lowers stress levels.

Save 10%
I don’t mean by bringing lunch to work or reducing your energy cost or phone bill, that should be automatic. We’re looking at the big picture for retirement, or for an emergency fund, or something that will help you down the road (an asset, not a liability).  

Live 80%
Living on the remaining 80 % will make you take a hard look at your finances and help you build a budget. Living on one income can be challenging but there’s ways to still enjoy life. It just means you need to get creative. A lot of communities have “free days”, whether it’s the zoo, museum or even neighborhood block parties. Going for a hike in the woods is also free. Live by spending time with your friends and family and making the important moments in life count.  

Most importantly, to thrive, you need to choose your friends carefully. We are a product of the five people we spend the most time around. You become the people you surround yourself with. So, those around you should bring out the best in you. If you want more in your life, surround yourself with great people. If you want to be happy and fulfilled, surround yourself with people who are the same. Being a single mom with one income, it was easy for outsiders to say I was “stuck.” By living with the concept of give, save, live, and surrounding myself with positive people, I took it to the next level and now have residual income. By surrounding yourself with like-minded people, you’ll be encouraged to accomplish your personal and professional goals. What are your goals? How can you get there?


The views expressed are not a substitute for professional guidance in financial, tax, estate planning or legal matters. Please see a professional regarding your own individual circumstances.

Check the background of this financial professional on FINRA’s BrokerCheck.