Personal Finance
6 Key Principles For Building Wealth
Do you understand how money works? We buy stuff and we sell stuff using money. It seems pretty simple, right? If money is so simple, why do the bottom 50% of Americans have a combined negative net worth?! If you’re not entirely sure what your own net worth is, you’re going to want to continue reading. What […]
Traditional IRA vs. Roth IRA vs. 401k
Congratulations! Landing on this page means that you are likely planning your retirement. While it might sound like an ordinary thing to do, most people don’t pay nearly as much attention to their future as they should. Granted, thinking too much about the future does distract from the present. Yet, after spending more than half […]
10 Unique Habits Of Rich People
Financially successful people can get treated pretty harshly in society, especially by those that have less than them. Moguls like Donald Trump are the wealthy elite that people love to hate. The reason is usually rooted in jealousy and those that hate are convinced the rich live a luxurious life at the expense of the […]
4 Tips To Help You Start Saving Money
On the surface, saving money seems like an easy concept. But in practice, it is much harder. Saving money is especially hard for people who don’t have a reliable or stable income. If you haven’t started saving for the goals in your life, these quick tips will help you. Start Tracking Your Expenses The best way […]
What You Can Do Now To Avoid A Paltry Retirement
Many Americans will spend their retirement scrimping and sacrificing, according to a recent Wall Street Journal study. Financial security expert Pamela Yellen, a two-time New York Times best-selling author, offers advice on how to avoid a paltry retirement. What You Can Do Now to Avoid a Paltry Retirement According to the study, “a combination of economic and […]
Recovering From Financial Mistakes Like The Wealthy
Regardless how experienced or educated you are, you will still make financial mistakes, some of them humdingers. Personal finance blogs and media outlets frequently share basic financial mistakes to avoid: spend less than you earn, invest in index funds, avoid debt and so forth. All this is good advice, but it goes a lot deeper […]
Should I Pay Off Debt Using Retirement Money?
Many people come to a financial crossroad. That moment when you finally realize you have more debt than your budget can handle, and you’re ready to make a change. An immediate change. Like, right now. You want to pay everything off and start fresh, and continuing to make monthly payments feels too slow. Since you’ve […]
Value Creation: The Best Approach To Wealth Building
Value creation is the oft overlooked concept that will help anyone achieve wealth and financial success. It’s value creation, not hard work that makes people become rich. After all, so many people work really hard. Yet they remain poor. Now you may be working hard, really hard. But that’s not the point. The main issue […]
Should You Consolidate Your Debt?
If you are wallowing in debt from credit cards, student loans, and medical bills, it probably seems that ads for debt consolidation companies are everywhere. At least you’re very aware of them. They bombard you from every angle with promises to solve your problems, lower your interest rates, and eliminate your debt in one easy […]
Surround Yourself With Winners
Motivational speaker Jim Rohn has a great quote that’s highly memorable: “You’re the average of the five people you spend the most time with.” Now, you could quibble with the numbers a little bit. But there’s a simple theme we can take away from this. And we can apply that theme in our investing activities, […]
