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 […]
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 […]
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, […]
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 […]
Goal setting is tough enough without adding the word finance into the mix. Many of us are often hesitant to tackle the job of setting financial goals, especially when it comes to the long-term goals that set us up for our financial future. It’s not fun, it’s not sexy…heck! It’s actually pretty boring, right?! Even […]
How many times do we feel we do not have what we want in our life? We find that it’s in lack, and we feel our existence for it lacks. How often do we find ourselves thinking about money and for many of us, the scarcity of it? Based on the first question, I would […]
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 […]
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 […]
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 […]
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 […]