No matter what our financial situation is, knowing and recognizing the difference between assets and liabilities plays a crucial part for creating wealth in our journey to financial freedom. Acquiring assets, whether we purchase or create them, is not only about how we invest our money, but also how we invest our time. We don’t…and […]
To stop negative thinking can be difficult because of how our minds have become hardwired to think and respond in this way. Without realizing it, we end up filtering whatever we see and hear through this grid of negativity. To think and respond negatively is like a warm blanket, safe and familiar. It’s somehow reassuring […]
Our attitude is the most vital factor in determining our success, our relationships, our enjoyment of virtually everything about our life…including, (Yup! You guessed it) even our finances. The great news is that we get to select our very own attitude. Regardless of our current conditions, situations or our previous failures, we can choose to […]
One of the most basic, fundamental things we can do is to conserve money. By consistently following a few money saving tips we’ll see a radical rise in the amount of cash we save, which can be used toward paying down debt, saving for emergency funds, saving for that vacation or for investing, depending on […]
Staying on the right track with how we handle our money is important to our financial health. Our motivation to improve our finances is what gets us started on the right track, but it’s our habits…good money habits, that will keep us there. As we know, habits can be good or bad and depending on […]
Having to limit our capacity to receive something now for the enjoyment of being able to have something better and bigger afterwards is difficult. Waiting patiently for the future to get what we want is the sacrifice we make by only getting what we need now. Imagining and envisioning our future is challenging for a […]
The idea of waiting for things to take place is almost inconceivable for many of us, especially when it comes to our financial future. After all, we know what we want and we want it now! That is the instant gratification mindset, which affects us in all different areas of our lives, not just our […]
When we take a close, hard and honest look at the things that we consider to be needs and wants, the choices and decisions may not, and in some cases, will not be easy. The things we thought were needs and are realized as wants, now have to be put off until we get ourselves […]
First, it is important to understand that needs and wants aren’t the same. As we read that sentence, we say to ourselves…everyone knows that! Again, while we might know this intellectually, there is a good chance that we’re not completely sincere with ourselves with regards to the things we buy. When it comes to our […]
Part of our journey to financial well-being is the principal of spending less than we earn. And although there is no single road to financial well-being, that one principal is what sets us up to not only begin creating our wealth, but to also keep what wealth we attain. That principal holds true whether we […]