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 […]
The health of your financial future depends on being prepared for opportunities, especially when it comes to saving to invest. When you focus on saving to invest, you may not always know what investment opportunity will come along, but having the cash on hand ready to go is a huge advantage when the opportunity does […]
When you’re young you don’t always realize the value of time, specifically as it relates to money. The fact is that time is your most valuable commodity when it comes to creating wealth. That means you need to take advantage as soon as possible early on in life to really reap the benefits it offers. […]
Consistency plays such a huge role when it comes to achieving any type of success. So I’m sure you can imagine that consistency is a key factor in the area of your finances too. Your money habits are formed based on how you constantly handle your money, from saving to spending. As simple as that […]
Whenever you set out to achieve a goal, no matter what that goal is, it’s always going to require a certain amount of self-discipline. Any type of personal success can’t be achieved without it, whether the success you’re striving for has to do with your career, your health, fitness, even your finances. It is probably […]
You know what it takes to be financially independent and you understanding how generating passive income is the key to that independence, but you may not think that generating that type of income is attainable for you. The truth is that generating passive income is by no means out of reach for anyone, no matter […]
It comes as no surprise and it’s obviously safe to say that all individuals have habits! Most often, habits tend to be recognized as being bad, but as you know habits can also be good. Regardless of whether they’re good or bad, they’re always at work. A habit is defined as a recurrent, often subconscious […]
Getting on the right path financially usually starts with setting yourself up on a budget. Since budgeting is known to be essential for your financial health, many people have either created or attempted to create an effective budget at some point. For those of you who have, budgeting or good money management may be one […]
As children and young adults, our educational institutions gave you report cards and GPAs to measure how well you were managing your academics in school. Once you graduate and you’re no longer being measured by your academics, your credit score is your report card in life! This now becomes the score you’re judged by regardless […]
There are two opposing forces in finance called assets and liabilities. 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 your pocket. And a liability is something which is an expense or takes money out of your pocket. That’s […]