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 […]
For setting financial goals, selecting a simple course of action that we could follow will guide us to financial success. First, we need to identify and write down our goals which will help us to visualize our dreams and desires. This may include saving to send kids to college, buying a brand-new car, a down […]
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 […]
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. Having a money focused mindset is just that, focusing on our money! Aside from burying our heads in the sand and ignoring our money, we can also […]
How many times do we feel we don’t 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 venture […]
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 our pocket and a liability is something that is an expense or takes money from our pocket. In order for us to build wealth, we need to focus and […]
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 […]
To stop negative thinking can be difficult because of how our minds have become hardwired to think and respond in this way. Without realizing it, we end up filtering whatever we see and hear through this grid of negativity. To think and respond negatively is like a warm blanket, safe and familiar. It’s somehow reassuring […]