How I saved 20K To Do A Smart Technology -AI Bedroom Make-Over & still had Money left over

Before I reveal how I managed to save $20,000 tax-free to do my bedroom make-over by adding Smart Technology that met qualifying purchasing criteria, let me first mention I am an average person who simply did my homework. You can do it too. I can’t wait to go over some basic information about Able Accounts and ask you the following question.

Are you or anyone in your family or your friend’s circle familiar with Achieving a Better Life Experience- a.k.a.  -ABLE accounts?

Whether you know about these kinds of accounts or not, I am super excited to tell you how I saved $20,000 Tax-free in just under 2 years.

First off, let me be honest, it was not easy and at one point I said it does not  hurt for me to say some positive affirmations to attract money into my life.

Yes, of course there were days that I had to find ways to motivate myself that I could save more money than I needed to spend.

Plus to complicate things, I live with what would be considered hidden disabilities which is best described on Google as “any physical, mental, or neurological condition that significantly limits a person’s daily activities but is not immediately apparent to others.”  In fact, people who just see me and don’t see a physical disability often never consider the fact that I could have a disability like ADHD with other co-concurring diagnoses that would make me neurodivergent as opposed to neurotypical.

Sometimes it’s hard to figure out where I fit, or where would be a good match when it comes to the best employment options for me to be able to earn money and save money when I do not have a visible disability like someone in a wheelchair but my invisible disability limits my daily tasks and activities.

Despite the grim reality of the unemployment rate for people with disabilities like me being as large as more than twice the unemployment rate for typical people with a shocking statistical rate showing approximately 75% of people with disabilities being unemployed, I knew I had to push my self to keep going, keep looking up and keep trying to earn what I know I am worth even while living with an invisible disability.

So I would say affirmations like these more and more every month, every week and even every day.

• I am worthy of earning cash even with my invisible disability, I will find a job that’s the best match for me.
• I have talents and skills that the right employers will pay me for
• My time is extremely valuable
• Money will begin to flow to me easily
• I am like a magnet for financial benefits
• If all else fails, I am capable of doing errands or chores that everybody I know will be willing to pay me to do.
• I can hold my head high and be my best just the way I was born to be.

After I finished saying y affirmations I also knew I had to be practical and keep it real by doing some real hustles -not even side hustle to earn money that I could save.  I began reading about any financial benefits that are available for people with disabilities and I came across information about tax-free Able accounts and I pulled up some statistics on this to learn more.

Statistics show that when looking at the combined savings in Able accounts representing 246000 people nationwide, there was 3.3 billion dollars in these accounts.  Of course as data continues to be updated and collections of new samples occur or any adjustments in the scope of measurements take place, these numbers can change.

For anyone living with a disability or who has a family member or friend with a disability who does not know how an Able Account can be of  benefit, here’s what you should know.

An Able Account is a tax-free savings account for future qualifying disability expenses that people with qualifying disabilities can take advantage of if their disability began before the age of 46 then they can get these benefits and advantages. So people with disabilities can maximize tax-free savings benefits without impacting their SSI benefits unless your Able account benefits are in violation of Contribution limits. For example, your Able account cannot exceed $20.000 a year or $100,000 at any given time but data and contribution limits can possibly be subject to change or be updated anytime in the future so it’s always best to check a government websites such as the Social Security Administration website to stay on top of any changes with regard to Able Accounts and any limits that would apply or impact your SSI benefits in any way.

It’s a bonus to know that your Able account can be funded by anyone so this includes various sources of income such as a percentage of your income or with a percentage of income from other people in your life like your family and friends, your grandparents or trusts etc.  So I simply spread the word, and asked friends & family to share the news that I have an Able Account that anyone who wants to make a contribution can contribute if they want and if they did not bother, I had a back-up plan of how I could find the right incentives to get family and friends to contribute which I will explain in a moment.

Be mindful of the fact that some rules do apply. For example, in addition to contribution limits, money can only be spent for Qualifying Disability expenses.

If you are wondering whether there is a catch here or what purchases would qualify as a Qualifying Disability expense.  There is not really any catch.  Your purchases can fall into the following categories:

Education, Housing, Transportation, Employment Training & Support, Assisted Technology & Related Services, Health, Prevention & Wellness, Financial Management & Administrative services, Legal fees, Expenses for Able account oversight and management, Funeral & burial & basic Living expenses.

Here’s how I saved 20K,  I maximized all sources of income like taking paid vocational job experiences from  employers whenever an offer came my way or  doing extra errands and chores including vacuuming, mopping kitchen floors and hardwood floors, plus rolling up my sleeves to offer family & friends some incentives to contribute like  doing  yardwork for my grandparents and family, friends, and neighbors and asked them to consider making a contribution or donation to me for my Able Account at a fair rate instead of hiring professional landscapers or other professionals to do jobs around their homes that needed to be done. It took me about just under 2 years but because some people were able to make larger contributions when I did errands & chores for them than others that’s how I made the most progress.

I was able to use some of my Able Account funding to help me do a room make over to  create a Smart Technology  room and still had several thousand left over in my Able account.  I even selected textures to the walls in my room that I use like a sensory tool to help me regulate my stress levels and emotions.

Since Able Account funding can be used for Assistive Technology expenses and Smart Technology is part of this category, I was able to select tech tools to help me function better and even function at my best which were all  approvable,  qualifying disability expenses.

As I mentioned before even if you do not have a disability,  you may know someone living with a disability or in many cases dual disabilities or co-concurring disabilities and this may be helpful for you to share this with  your family and friends.

Here are the kinds of Smart Technology & AI tools which provides me with daily assistance.

 

• When it came down to the Amazon Echo or Google Home I could have simply tossed a coin because they are both helpful however I ultimately went with the Amazon Echo to help me with daily tasks like helping me to shop. It was a difficult choice for me because as I understand Google Home offers AI  capabilities to help with more complex questions but the shopping features offered by Amazon Echo ultimately got my favor. Of course Amazon Alexa is also another great AI -voice activated option if either you or your friends or family members with disabilities live with challenges with dexterity or have limitations with hand mobility.
• I was also able to automize my indoor lights and even my window blinds due to some physical challenges and  limitations I face with my disability.
• I was able to use apps like Autimo which can be utilized by people with disabilities like ADHD or dyslexia. This allows me to uses AI games and visual supports to assist me in recognizing facial expressions since I can be tone deaf when it comes to social scenarios.
• I could even use my Smart Tech Virtual Reality Headset to do Health & Wellness Activities like Yoga that my doctor said I should do.
• I also was able to obtain smart technology used in Smart Watches like an Apple watch to monitor my heart rate or respiratory rate which my doctor also recommended for me.

I have found that if I ever felt concerned about whether an item I felt I needed to help me live a better healthier and independent life would not qualify as a qualified disability expense then I would simply see my doctor to obtain a letter detailing exactly why the item I want improves my health and independence to keep in my tax records in case I ever needed additional proof.

No matter what disability you or your friends & family live with everyday, there are AI apps that can help people with a wide array of disabilities like Visual or Hearing Impairments & Speech Disabilities or Cognitive/Neurodivergent or Mobility/Motor challenges to live a better life and even live your best life.

For me,  the best part was not only getting a Better Life Experience through obtaining the qualifying disability items that I needed for my Smart Technology room but I was beginning to feel as if I was living my best life and it felt even better that I still had several thousand dollars left over for any other necessary items in the future.