You may have heard that not all debt is the same and there’s a misconception about what you might consider good debt, when in reality it may be bad! Bad debt is usually obvious and sometimes it’s not. So, what is bad debt? Let’s break it down…bad debt is money you borrow to pay for […]
For a lot of people today, debt is nothing more than an unavoidable part of life. It could even be how you pay for just about everything from the home you might be living in, to the car you drive and even down to the small, day to day purchases like food, gas and that […]
We all have different habits, which include money habits. There are good money habits and bad money habits. Just like any habit, bad money habits are hard to break, but if you really want more out of life, the first thing you have do is make a change and the change starts within yourself with […]
Believe it or not, much of your 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 you to spend your money to buy their latest and greatest product or service right NOW! […]
It comes as no surprise and it’s obviously safe to say that all individuals have habits! Most often, habits tend to be recognized as being bad, but as you know habits can also be good. Regardless of whether they’re good or bad, they’re always at work. A habit is defined as a recurrent, often subconscious […]
When you hear the word budget, it might send shivers down your spine. For whatever reason, that seems to be the reaction most people associate with it, which is unfortunate because having a budget has the opposite affect of what most people think. To create and stick to a budget is actually empowering, because it […]
To help create a spending budget that’s not just sensible, but also effective, you need to start by calculating your income. Once you’ve calculated your income, then you can list your expenses by first making a list of your fixed expenses such as rent or mortgage payments, automobile payments, insurance premiums, etc. After that, you […]
Getting on the right path financially usually starts with setting yourself up on a budget. Since budgeting is known to be essential for your financial health, many people have either created or attempted to create an effective budget at some point. For those of you who have, budgeting or good money management may be one […]
The idea of diversifying your income in various ways is to create a well diversified income portfolio with multiple income streams. The point is to start with something that is manageable based on your time and resources and work to build it up from there. It’s not always necessarily quick and easy, but with determination […]
Even though there are so many different ways of making extra money to increase your income, it can still be hard to figure out how. When creating multiple income streams, one way would be to take advantage of your own potential based on hobbies, interests, experience, talents or passions that you already have. Whatever you […]