Too many people today don’t have an emergency fund or a savings account. Your emergency fund is the safety net in the event you get sick, lose your job, have unexpected car repairs, medical expense, etc. General guidelines you’ll hear from financial planners as to how much you should sock away into your emergency funds […]
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 […]
“Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” – Anonymous An asset is something that has or provides a certain type of value and that value can come in many different ways. With regards to finances, it’s about monetary value. When […]
“Kindness in words creates confidence. Kindness in thinking creates profoundness. Kindness in giving creates love.” – Lao Tzu There are many different facets to saving money. Aside from saving to pay yourself first and saving to invest, there is also another key area of savings which is saving to give! Saving to give can be […]
“Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone When you set up your budget, you find ways and areas to reduce your expenses. You get your spending under control, you live below your means, you find ways to increase your income, you get your debt […]
“Your goal should be to pay off your credit card bills in full at the end of each month and set aside money toward your emergency savings.” – Suze Orman 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 […]
“Don’t tell me what you value, show me your budget, and I’ll tell you what you value.” – Joe Biden 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? Believe it or not, the […]
When we think about investing in assets and getting a return on those assets, I believe few of us think of ourselves in that way. I’m not referring to investing in yourself, which is meant by investing in the various ways of improving ourselves mentally, physically or otherwise, that’s a subject for another day. What […]
Aside from saving to pay ourselves first and saving to invest, there is also another key area of savings which is saving to give! Saving to give can be a difficult concept to grasp for many of us who are struggling just to keep our heads above water…and understandably so. In order to give financially, […]
Whichever strategy…or strategies we decide to utilize, will depend on our comfort level of risk and effort (how hands on we care to be). The important thing in all of this is getting all the information and/or help we need to educate ourselves enough to make the best decision based on our own individual desires. […]