Hi! I'm Cinneah El-Amin (sin-ee-uh el-ah-meen), the creator of Flynanced, a debt free travel and financial freedom blog where I inspire readers to fly financially free. Since traveling to 28 countries across 6 continents, I am often asked how to afford travel so I created Flynanced to give real advice on money and travel. In my own finances, I'm on track to become debt free this year and kick start my FI/RE journey. I seek to change the narratives for Black millennial women to live life without debt, build generational wealth, and see more of the world on our terms. I am a graduate of Barnard College, Columbia University and Wake Forest University School of Business. I am based in NYC.
The Explorer... SPOT ON! :)
I was tired of struggling with my own money and seeing other peers struggle. I was tired of travel bloggers not being transparent around the real costs of travel. I also became adamant in proving that it is possible to pay off debt and travel, sorry Dave Ramsey.
My relationship with money and personal finance has truly evolved.
For years, I lived paycheck to paycheck in NYC, maxing out credit cards, opening personal loans, and living beyond my means. To be now only a few thousand dollars away from debt freedom with a healthy savings and retirement accounts, is proof anyone can do it.
I believe seeing other Black women like Carmen of @makerealcents document their journeys inspired me early on. I also like to think that I found FI/RE at the right time in my early 20s and got hooked on the idea of becoming the first millionaire in my family.
"What's the big deal? Get that loan! People are in wayyy more debt than $16k. It's not so bad! We'll help you pay it!"
Creating sinking funds for my travels and other things I truly love has been a game changer. I used to tell myself that I couldn't save, but that wasn't true. Now I automatically save every month in various funds for travel, gifts, investments, and more.
I'm working to pay off the remaining student loan and credit card debt I have to my name. I started off 2020 with $23,022 in debt overall and am working on the last $6k by 12/31/2020. From there, my next goal is to hit $100k net worth which I'm confident I can hit in 2021 if I continue aggressively saving my income. Then onto my first milli!
Travel, spa treatments, and nice dinners.
I check my bank accounts almost every other day just glancing at the apps. On payday, I spend about 30 mins max just checking in on my savings and investments and manually paying bills. I still enjoy going in and paying debt so I haven't set those to autopay.
- Invest: Vanguard
- Personal Credit: Amex Platinum, Amex Gold, Amex Delta Skymiles Platinum, Chase Freedom (and a couple others not worth mentioning... lol)
- Checking: Schwab (travel fund), Chase, credit union
- Apps/Sites: Personal Capital, Public
- Biz Banking: Bluevine
- Biz Credit: Amex Blue Business Cash
First, focus your mindset on why managing your finances is important, how you envision your life, and positive affirmations. Every action starts with a clear mindset. Then, get a copy of Ramit Sethi's I Will Teach You to Be Rich - I wish I'd had it earlier in my journey and now can't shut up about it.
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