Do you ever have those moments when you feel like you do not have the things that you want in your life? You feel like certain things are lacking, and you maybe even feel like your entire existence is lacking because of it! How often do you find yourself thinking about money, and maybe even […]
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 […]
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 […]
Taking care of your finances is not an easy task or at least not an enjoyable one in most cases! But what is easy, is the availability of credit, with high interest rates. When you couple that with a lack of understanding basic financial principals, you’ll find yourself falling into bad money habits and ultimately […]
One of the biggest financial traps you can easily find yourself in is the trap of keeping up with the Jones’. By trying to keep up with the perceived lifestyle of others, you’ll undoubtedly end up overspending. Living below your means is the basis for financial freedom. Once you learn to live below your means, […]
The path to financial well-being is going to take eliminating or at the very least reducing the amount of debt that you owe. A very common and effective strategy to help you to pay off debt is the known as the debt snowball. It’s a fairly simple strategy to apply as long as you’re committed […]
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. […]
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 […]