Understanding and analyzing your financial decisions allows you to realize how those decisions are interconnected and the impact one decision can have on other financial decisions. Just like any other type of decision, each decision you make results in the experiences you have which lead you to make other decisions. Your financial situation is no […]
If you have your sites set on reaching financial well-being, setting financial goals will be the way to get you there. For setting financial goals, selecting a simple course of action that you could follow will guide you to financial success. First, you need to identify and write down your goals which will help you […]
As if setting goals isn’t already tough enough, the thought of setting financial goals doesn’t even come into the picture. A lot of people are often hesitant to tackle the job of setting financial goals, especially when it comes to the long term goals that set you up for your financial future. It’s not fun, it’s […]
Having a money focused mindset is an important part of your journey to financial well-being. And along with a money focused mindset, you also need to be aware of your beliefs about money. If you have the belief that you’re not meant to be wealthy or that money is the root of all evil, then […]
When it comes to your finances, being money focused is essential. And just to be clear, having a money focused mindset isn’t about being greedy. Any successful investor will tell you fear and greed are the two biggest enemies when it comes to money, so greed is not at all part of the equation in […]
Do you ever have those moments when you feel like you do not have the things that you want in your life? You feel like certain things are lacking, and you maybe even feel like your entire existence is lacking because of it! How often do you find yourself thinking about money, and maybe even […]
As important as it is to your financial health, sometimes the difference between assets and liabilities is obvious and sometimes it’s not. What may at first be a liability can become an asset or vise-versa. For example, when you buy a home, that home is a liability because unless you buy it with cash, the […]
There are two opposing forces in finance called assets and liabilities. The difference between assets and liabilities is simply put in this way…an asset is something which generates an income. Or said differently, puts money in your pocket. And a liability is something which is an expense or takes money out of your pocket. That’s […]
Whatever your financial situation is, having the knowledge to recognize the difference between assets and liabilities plays a crucial part for creating wealth in your journey to financial freedom. It’s a basic understanding that you need to have for dealing with your finances. Without it you just end up spending your money haphazardly. Spending your […]
Reading or listening to books is an awesome way to gain knowledge and understanding from others who have already been through what you’re trying to achieve. So naturally, understanding how to take control of your financial future and learning how to get your money to work for you is no different. Following the wisdom and […]