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 […]
Planning is something that varies with people. Some people have to plan everything out before taking any action and some people like to just “wing it” and not plan at all. In order to get anywhere, we need to have a plan on how to get there otherwise we could just end up going in […]
When we envision the future, we imagine a “perfect picture” of doing exactly what we want to do. It’s actually more like a movie than a picture playing out in our minds creating a pattern in our brain of performing the actions as if we are actually doing them. By doing this, we allow ourselves […]
For many of us today, debt is just a fact of life. It’s how we pay for just about everything from the homes we live in, to the cars we drive and even down to the small, day to day purchases like food, gas, that daily cup of coffee (or two, or three), etc. No […]
To help create a spending budget that’s not just sensible, but also effective, we need to start by calculating our income. Once we’ve calculated our income, then we can list our expenses by first making a list of our fixed expenses such as rent or mortgage payments, automobile payments, insurance premiums, etc. After that, we […]
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 […]
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 […]
Part of our journey to financial well-being is the principal of spending less than we earn. And although there is no single road to financial well-being, that one principal is what sets us up to not only begin creating our wealth, but to also keep what wealth we attain. That principal holds true whether we […]
The level of debt that nearly most of us have is in direct proportion to our earnings and this is precisely where our comfort levels lie – not so much debt to keep us awake every night, but enough to appreciate life and our hobbies to our maximum level of income. That’s where the majority […]