When it comes to paying yourself first, the typical rule of thumb is to save at least 10% of your income. 10% is an ideal place to start and over time, if possible, gradually increase that amount. If 10% seems like too big of a stretch, then start with any percentage you’re comfortable with. Something […]
A lot of people have a hard time understanding the phrase “pay yourself first”, let alone applying the concept. I’ll admit, even I struggled with it when I first heard it. Let’s face it, after paying the rent/mortgage, utilities, car payment, insurance, credit cards, etc., more often than not, there is never anything left over […]
To set yourself up for future financial stability, financial well-being requires a healthy relationship with your money. If you treat your money right, your money will treat you right. Just like in a personal relationship, if you nurture, value and appreciate the other person, they will be there for you when you need them and […]
Even though you might develop your financial style early, it can change with time or due to circumstances. It isn’t uncommon for somebody who is undergone significant life change to adopt a very different relationship with money. Our personal relation to emotional interaction with money is probably the most crucial relationship in the life of […]
All of us have a complex relationship with regards to money. How you acquire, spend and manage money is largely due to two factors: the nurturing you received during childhood about money and values, and the way you organized this information in your mind. At each end of the spectrum is financial insecurity. On one […]
Despite certain perceptions, success of any kind never comes easy. Successful people you admire might make their success look easy, but I assure you that it took plenty of work and effort to get them there. My reason for mentioning this is not to discourage you from attempting to become financially successful or any other […]
Don’t think for a minute that the high levels of success you see other people have is achieved with minimal effort. They make it look so easy when they are at the top of their game reaping the rewards of their success. But no matter how easy they make it look, don’t be fooled by […]
Success is easy to spot when you see people at the height of it, especially if the outcome of that success comes with high levels of rewards or recognition. When you see successful people, you might find yourself in awe of their success. You’ll have a tendency to think, how lucky they are, how talented […]
Can money really buy happiness? Maybe money can allow you to buy moments of happiness, but not happiness itself. There’s a misconception that money can buy happiness, but here’s the thing, you can’t put a price on happiness because happiness is not tangible. Happiness is a mindset, an attitude that you develop through the way […]
Money can’t buy happiness, but it can be used to provide short lived moments of joy. The reason it can’t be bought is because it’s an emotion that comes from within yourself. Although it’s true that the more money you have the easier it is to find those moments of happiness, money can’t buy happiness […]