There are certain things that can’t be avoided if you are to achieve financial freedom. For starters, the time tested principles of delayed gratification and sacrifice are very important ingredients for your finances that may require a greater change in mindset…..or paradigm shift for some more than others. It may be easier for you to […]
Patience is a virtue. That’s a phrase I’m sure you’ve heard many times, but it’s not always an easy one to live by. Having to limit your capacity to receive something now for the enjoyment of being able to have something better and bigger afterwards is difficult. Waiting patiently for the future to get what […]
In this new age of rapid information, rapid implementation and rapid results, the virtue of patience took a back seat. In fact, the idea of waiting for things is almost inconceivable for a lot of people, most especially when it comes to your financial future. After all, you know what you want, and you want […]
An important distinction to understand is that needs and wants aren’t the same. As you read that sentence, you’re probably saying to yourself…everyone knows that, right!? And while you might know this intellectually, there is a good chance that you’re not being completely honest with yourself regarding the things that you buy, because you have […]
Seeing and understanding the value of time and compounding when it comes to your financial future is challenging as a young adult. When you’re young, you have your whole life ahead of you to not have to worry about it now. Or you feel like you don’t have the extra money to save, so you […]
Not only do you have those small, unsuspecting ways you get yourself into trouble with debt that slowly and incrementally build up until you eventually find yourself in over your head. But then there’s those big dollar purchases that you need to become aware of also. Those are the ones that should be more avoidable, […]
Let’s face it! Every time you get some extra money, you get the urge to spend it. You get a pay raise, so you go and finance a new car! You get a bonus and you go on that exotic vacation! If you get an extra $5 in your pocket….you always find something you “want” […]
As a consumer, you have to spend your money on the things that you need, right? And (let’s face it) you enjoy spending money on the things that you want. While there’s nothing wrong with that, the problem comes when you put yourself in debt over satisfying your wants or even worse, justifying your wants […]
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 […]
It’s too late to prepare for opportunities when they come, that’s why we have to prepare for them before they show up. We often live our lives hoping for that big opportunity to come our way, we dream of what we would or could do if we were given a chance. Many of us may […]