In last month’s column, we discussed the different kinds of debt. In this column, Part II of our discussion on eliminating debt, we will explore how to create a foundation for building wealth. If you missed Part I, you can read it here: … [Read more...] about How Proper Debt Management Will Make You Wealthy, Part II
Steven Calabrese
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
How to Create a Budget for Success
As we continue building our financial plan, this month, we will go deeper into building a budget for success. Creating a budget for your financial success is the most important element in wealth building. Always start with the foundation. When you build a house, the most essential and critical … [Read more...] about How to Create a Budget for Success
Creating a Winning Financial Plan, Part II
In May’s Quad Cities Business News, we discussed the foundation of a winning financial plan, including creating a budget and managing debt. In Part II, we will continue to build on that foundation. Education Being qualified for employment is essential. What is it you have a passion for? Can … [Read more...] about Creating a Winning Financial Plan, Part II
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
Is the American Dream Possible?
To answer the question: Is the American Dream possible, many will say no, but based on what set of facts? What if I told you it is possible and there are more than 22 million millionaires in the United States? You may be living next door to one and not even know it. Certainly, it may feel impossible … [Read more...] about Is the American Dream Possible?
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
Considering a New Type of Credit Card
First off, I want to state upfront that I do not condone the use of credit cards but felt that some folks might be interested in a new type of card. Generally, I do not support the use of credit cards because it causes people to get into debt and hampers them from becoming wealthy. Statistics … [Read more...] about Considering a New Type of Credit Card
How to Recognize a Scam
Let’s say you receive a call like this: “Hello, I am Agent Smith from the IRS. You owe $2,368 plus interest. If you don’t pay immediately, we will issue a warrant for your arrest!” Then the caller proceeds to tell you to go get prepaid gift cards and send them to some P.O. Box. Well, if you … [Read more...] about How to Recognize a Scam
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
