When it comes to paying yourself first, the typical rule of thumb is to save at least 10% of your income. 10% is an ideal place to start and over time, if possible, gradually increase that amount. If 10% seems like too big of a stretch, then start with any percentage you’re comfortable with. Something […]
To set yourself up for future financial stability, financial well-being requires a healthy relationship with your money. If you treat your money right, your money will treat you right. Just like in a personal relationship, if you nurture, value and appreciate the other person, they will be there for you when you need them and […]
Even though you might develop your financial style early, it can change with time or due to circumstances. It isn’t uncommon for somebody who is undergone significant life change to adopt a very different relationship with money. Our personal relation to emotional interaction with money is probably the most crucial relationship in the life of […]
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 […]
When you’re in a world that puts academic intelligence in such high regard, it tends to under estimate the power and success that comes from having emotional intelligence. Emotional intelligence is the capacity to identify, comprehend, and manage your own feelings and the feelings of individuals in manners that are positive. You may think that […]
Did you ever stop to think that no matter how much money you’re paid your income is limited by the number of hours you can work? We all have the same 24 hours in a day and there is only so much of your time that you can dedicate to working for pay. That’s why […]
Having a money focused mindset is an important part of your journey to financial well-being. And along with a money focused mindset, you also need to be aware of your beliefs about money. If you have the belief that you’re not meant to be wealthy or that money is the root of all evil, then […]
You might not realize it, but how you feel and think about money is the main reason for your financial situation. One way to help you realize and re-think your relationship with money is to get a different perspective from those who have already “been there and done that.” These 3 books have had a […]
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 […]
There are a couple of strategies to save money depending on your situation and personality. One way is through self discipline, by being able to manage your money without being tempted to spend before you save or spend what you save. This is more of a manual approach to saving and paying yourself first. If […]