How do you invest and grow your wealth with markets down and inflation up? Are you kidding? No, as a matter of fact this may very well be a perfect time. But we are in a bear market. Consider that stocks are on sale. Will they rebound? Let’s see what history tells us! What is a Bear Market? A … [Read more...] about How to Invest and Grow your Wealth
paying off debt
Getting Educated About Financial Planning
As we continue building our financial plan, we will now discuss a very important aspect for you to become successful. Education; yes, education. We will step out for you some things for you to consider. I always laugh when I hear someone say, “I can’t wait to get out of school.” Really? If you … [Read more...] about Getting Educated About Financial Planning
How Proper Debt Management Will Make You Wealthy
Several debt management strategies can be implemented that will put you on the path to accumulating wealth. I would like to take a look at several types of debt and begin to dissect them. Finally, I will make a recommendation as to one possible way to attack your debt. How Much Debt Do Folks … [Read more...] about How Proper Debt Management Will Make You Wealthy
Creating a Winning Financial Plan, Part I
Many people wonder why they do not win from a financial aspect in life. The number one reason is they lack a winning financial plan. The saying goes, “If you fail to plan, you plan to fail.” The following will help you begin to develop a winning plan. When you have a plan, you have a goal. With a … [Read more...] about Creating a Winning Financial Plan, Part I
Cashless Society Pros and Cons
What would a cashless society look like? How long until we have a cashless society? Are we already in one? How often do you use cash? Let’s explore the cashless society’s pros and cons. With the COVID-19 pandemic, are we accelerating to a cashless society? How Often Do You Use … [Read more...] about Cashless Society Pros and Cons
Follow a Budget, Increase Your Financial Knowledge
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 … [Read more...] about Follow a Budget, Increase Your Financial Knowledge
How to Create a Personal Investment Plan for Financial Independence
As we begin this journey – and yes, it is a journey – we ask the question: Is it possible to develop an investment plan to achieve financial independence? The immediate answer is yes, it is possible. In this article, we shall explore the necessary steps to make it a reality. What is Financial … [Read more...] about How to Create a Personal Investment Plan for Financial Independence
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 … [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 … [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 … [Read more...] about Home Buying: How Much Can You Afford?
