To help create a spending budget that’s not just sensible, but also effective, we need to start by calculating our income. Once we’ve calculated our income, then we can list our expenses by first making a list of our fixed expenses such as rent or mortgage payments, automobile payments, insurance premiums, etc. After that, we […]
Many of us have either created or attempted to create an effective budget at some point. For those of us who have, budgeting or “good money management” is probably one of the most difficult things we face in dealing with our finances. What we need to realize is that successful budgeting is key to good […]
When creating multiple income streams, the goal should be to take advantage of our own potential based on hobbies, interests, experience, talents or passions that we have. Whatever we choose to create our additional income, it should take little to no money to get started. There are so many options and opportunities available, with a […]
People that are wealthy have multiple income streams, meaning they earn money by creating additional sources of income. In fact, the average millionaire is known to have 7 different income streams. Aside from making more money, the reason for having more than one source of income is to reduce the impact to our cash flow […]
Have you ever thought of yourself as a business or even as being in business for yourself? For those of us who may be self-employed, this thought probably makes more sense, but most of us who are employed by someone else, we may have a difficult time realizing the concept. When we’re employed by someone […]
When we think about investing in assets and getting a return on those assets, I believe few of us think of ourselves in that way. I’m not referring to investing in yourself, which is meant by investing in the various ways of improving ourselves mentally, physically or otherwise, that’s a subject for another day. What […]
For some of us, giving is something we receive so much joy and satisfaction from almost even to a fault! Giving and putting groceries on a credit card for someone isn’t a gift. If we’re giving to a charitable cause or a fancy birthday present for a buddy and after that turning around to put […]
Aside from saving to pay ourselves first and saving to invest, there is also another key area of savings which is saving to give! Saving to give can be a difficult concept to grasp for many of us who are struggling just to keep our heads above water…and understandably so. In order to give financially, […]
When it comes to guarding your credit, one of the most common ways is to check up on your credit reports. If you already didn’t know it, you are entitled to receive a copy of your credit report for free once a year. Once you’ve received your report you need to scan through it and […]
It may be harder than ever before to get approved for a loan today, but increasing your credit rating will give you the best chance. There are various ways that you could improve your credit score and of course among the best is to always pay your debts on time. By paying off credit cards […]