To grow your wealth, you need to become knowledgeable in a number of different financial areas. To not be educated in the basics will cost you in the long run. It is not that you need to be an expert, but one must understand the simple concepts in personal finance. The following is a high-level education to put you on the path to master basic finance. Begin with these concepts and grow from there. Learning should be a lifelong endeavor. If you stop learning, you will fall behind as the … [Read more...] about Follow a Budget, Increase Your Financial Knowledge
goal setting
Five Pounds to Perfect
Do you ever hear yourself starting sentences with, “If only,” or “When I,” or “After I?” They sound like this: “If only I had a doctoral degree, I could get the job I really want,” or “After I make my first million, I can travel to exotic lands,” or “When I lose five pounds, I’ll reward myself with a beach vacation!” These sentence starters sort of sound like goal setters, but don’t be fooled. They can really be tricky little non-starters. Five pounds may as well be 500 pounds, because, in … [Read more...] about Five Pounds to Perfect
Using the Three Bucket Retirement Strategy
After many years of hard work and diligent saving for retirement, many struggle with the fear that they will outlive their nest egg. Or, perhaps worse, that the financial systems will collapse. So what does one do? Plan! It is my belief that the Three Bucket Retirement Strategy will both guard against adverse market conditions and grow your nest egg so that your money will outlast you. Laying the Groundwork Before the Three Bucket Retirement Strategy can be implemented, you will need … [Read more...] about Using the Three Bucket Retirement Strategy
Nine Strategies for a Debt-Free Life
A debt-free life, what would that be like and how do you achieve it? Living debt-free is a life that is stress-free. A stress-free life is something that you can become comfortable with. Once you achieve such a goal, you will never go back. Detailed below is how you can achieve a debt-free life. LIVE ON LESS THAN YOU MAKE This tip sounds simple, but it is not for many people. Most want to keep up with the Joneses. Trust me, the Joneses are not having fun. They are actually broke! If … [Read more...] about Nine Strategies for a Debt-Free Life
Home Buying: How Much Can You Afford?
Many people want to live the dream of owning their own home. Paying rent is a waste of money, they say. What you don’t want to happen is to overbuy or overextend and turn that dream into a nightmare. How much can you afford? Owning a home is special, and you must prepare accordingly. We will discuss the safeguards you need to put into place to eliminate a nightmare scenario. Often, the concept is, “I am paying rent now so if I pay the same amount for a mortgage then I will be all right.” … [Read more...] about Home Buying: How Much Can You Afford?
Practicing Powerful Daily Routines for Success
Most Americans wake up feeling tired and sluggish. Many of us wake up with a mood that is neutral or slightly negative and we spend most of the morning trying to get caught up. This article does not promise to makeover your entire life or guarantee that you’ll become a morning person ready to run five miles before the sun rises – unless that’s your goal, and if so, rise and grind! This article will, I hope, provide some opportunities for a shift in perspective. With small, incremental … [Read more...] about Practicing Powerful Daily Routines for Success
Setting Goals for Success
It has often been said that unless we have goals in our personal or business lives, how do we know when we have had success? Many of us work hard, but our lives still lack fulfillment. What can we do to invoke change in our lives? Before you can change your life, you must change your thinking. It starts with visualizing what we want from life and setting goals that resemble that vision. Your vision is a detailed description of where you currently are and where you ultimately want to be. Your … [Read more...] about Setting Goals for Success
