Whether or not you’ve ever given it much thought, the phrase paying yourself first is probably something you’ve heard at some point. The principle of paying yourself first means exactly what it implies…which is to pay yourself first, and your emergency fund is the first place to start. Having an emergency fund is the foundation […]
Having some extra money set aside for those unexpected expenses is the only way to get out of debt, stay out of debt and above all, build wealth. Too many people today don’t even have a savings account let alone an emergency fund account. Saving should be one of the first things you do with […]
There are a couple of strategies to save money depending on your situation and personality. One way is through self discipline, by being able to manage your money without being tempted to spend before you save or spend what you save. This is more of a manual approach to saving and paying yourself first. If […]
Saving money is the first step to financial freedom and unfortunately it’s something that many people struggle with. They struggle because they don’t have a plan for how to save and how much to save. The “how to” for saving comes from instilling the habit of paying yourself first. Once you come to realize “how”, […]
A simple financial principle that many people don’t incorporate into their budget is to consider that saving money is an expense. Some people may have a hard time understanding the idea of paying yourself first, let alone applying the concept. Let’s face it, after paying the rent/mortgage, utilities, car payment, insurance, credit cards, etc., more […]
You might not have given much thought as to how you treat your money and how that affects how your money will treat you in return. 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. […]
Believe it or not, the way you feel about money is something that starts early in life. Even though you might develop your financial style early, it can change with time or due to circumstances. It’s not uncommon for people who have gone through significant life change to adopt a very different relationship with money. […]
Did you ever stop to think about where you get your ideas of what money means to you? What money is to you? And what does it do for you? We all have a complex relationship when it comes to money. How you acquire, spend and manage money is largely due to two factors: the […]
When we see successful people and are in awe of their success, we have a tendency to think, how lucky they are, how talented they are, how gifted they are or whatever simple explanation for their success we can come up with and although some of those things may be a contributing factor to the […]
There is a largely held belief by many people that money can’t buy happiness and although there is some truth to that belief, the one thing that is for certain is that money can make life more comfortable. By making our lives more comfortable and enjoyable we will naturally find moments of happiness in how […]