I’m sure we can imagine that consistency is a key factor in many areas of our life, and it is key in the area of our finances too. Our money habits are formed based on how we constantly handle our money, from saving to spending. As with any habits, money habits can also be good […]
To be consistent in the things we do has many great advantages and people who consciously practice being consistent, know it! So, if we’re serious about change in any area of our life, we need to be constantly and regularly performing good habits. By doing that, we’ll find whatever we’re looking to achieve will take […]
No matter how much money we’re paid, our income is limited by the number of hours we can work. We all have the same 24 hours in a day and there is only so much of our time that we can dedicate to working for pay. Trading time for money isn’t an isolated trap to […]
A lot of us have been sold the idea that we need to go to school, attend college, get a 9-5 job that we end up working for years until we can (hopefully) save enough money to retire, leaving us to do what we enjoy when we’re old. Who the heck wants to live like […]
Passive income can be created from a number of different places. The most common places include, but are not limited to, the stock market, business, real estate and intellectual properties. In the stock market we can invest in securities that generate monthly dividend payments. We can create, purchase or invest in a business that is […]
What is passive income exactly? Passive income is simply money that is made passively! And what does that mean?! Well…basically, it is money that’s created by doing as little work or the most minimum amount of work possible. Unlike a job where we have to work in order to earn an income, passive income comes […]
Let’s start with bad debt. What is Bad Debt? Bad debt is usually obvious and sometimes it’s not. Let’s break it down…bad debt is money we borrow to pay for something that will not increase in value and/or not pay us back after we make the purchase. A clear cut, prime example is using a […]
For many of us today, debt is just a fact of life. It’s how we pay for just about everything from the homes we live in, to the cars we drive and even down to the small, day to day purchases like food, gas, that daily cup of coffee (or two, or three), etc. No […]
Believe it or not, much of our money habits are affected by outside influences, like the media, television, radio, newspapers, magazines, etc. Each year, companies spend billions of dollars in advertising and marketing, all for the sake of getting us to spend our money to buy their latest and greatest product or service right NOW! […]
All individuals have habits! A habit is defined as a recurrent, often subconscious pattern of behavior that’s obtained through frequent repetition. To put it simply, it’s repeatedly performing the very same things over and over without thinking about it, like nail biting or snacking on food. Over spending our money can also fall into that […]