Whether you’ve read his books, listened to his audiobooks, or attended his Financial Peace University classes, you’ll never forget the blunt, in your face financial advice of financial guru Dave Ramsey. This man pulls no punches. His plan for your financial success is relatively simple and summed up in seven baby steps to financial freedom. 7 Baby Steps to Financial … [Read more...]
How to Turn Your Side Hustle Into a Cash Machine
Have you ever considered a side hustle? If so, you’re not alone. According to a recent Bankrate survey, over 44 million Americans now have a side gig. A side hustle can bring in much needed cash and, in some cases, even blossom into a full time entrepreneurial endeavor. If you’re itching to start your money making side hustle, consider these tips: Identify Your Expertise, … [Read more...]
How to Overcome These 4 Wealth Building Roadblocks
The successful understand that true financial freedom is achieved by building or accumulating money producing assets. These assets include: Investment real estate Stocks and bonds Intellectual property that you’ve created Your side hustles Your small business A franchise business Ask any millionaire and they’ve likely built their wealth utilizing one or … [Read more...]
Start Building Wealth With These 3 Real Estate Investing Resources
Here’s a simple truth. It’s almost impossible to become financially independent working a 9 to 5. As Robert Kiyosaki points out in his book Rich Dad, Poor Dad, the disadvantages of being an employee are just too numerous. Taxes, for one, crush your wealth building ability. Worse yet, you’re not guaranteed job security. And if you don’t work (get sick, injured, laid off, etc), … [Read more...]
Fix These Top 10 Areas of Wasteful Spending to Reduce Debt and Build Wealth
When it comes to money, it seems we’re all wasteful. According to a recent Hloom poll, more than 8 out 10 Americans admit to squandering money. At the top of the list of wasteful spending is eating out, with 68.9% of survey participants admitting to spending too much money on meals away from home. The US Department of Labor estimates the average US family spends nearly $3000 … [Read more...]
Building Wealth Through Real Estate: Hacks, Tricks, and Tips
Last week we revealed the formula for true wealth formation: Income - Expenses = Capital (seed money) left over to invest in wealth building assets. Unfortunately, too many of us believe that investing in our primary residence is the surest path to wealth creation. Now don’t get me wrong. I am a strong advocate of home ownership. But owning a home is about having a place … [Read more...]
Wealth Building Secrets for Those in the 9-5 Rat Race
Have you become a sucker for the American Dream? You know that quaint little myth which implores you to find a good job, work hard, and live life well in your nice home in the suburbs. The unfortunate reality is that a 9 to 5 job will never allow you to bask in the afterglow of financial freedom. In many cases, a JOB stands for Just Over Broke. Simply ask the 127 million … [Read more...]
These 4 Traits Can Turn Your Child Into a Money Mastermind
You want the best for your children. So what can you do to ensure they become adults who are happy and prosperous, rather than ones who are stressed out, living paycheck to paycheck? Teaching them about saving, debt, and compound interest is a good start; but instilling them with the right attitudes and mindsets is even more important. That’s because psychological failings … [Read more...]
5 Easy Ways to Trim the Fat and Put Cash Back in Your Pocket
A few days ago I renegotiated my Direct TV cable bill. After a quick ten minute call my bill was slashed by $60 a month for the very same cable package. I also got NFL Sunday Ticket thrown in for free. I'll save $720 a year, after just a ten minute phone call. Of course if I had been really smart I might have cancelled my Direct TV service altogether, but being a diehard … [Read more...]
Overworked and Underpaid? These 6 Techniques Just Might Help You Get the Raise You Deserve
A close friend of mine is the heart and soul of her medical office. Taking on more tasks than humanly possible, she is the “go to” person for everyone. And while she is constantly training people who go on to gain advancement and pay raises in other parts of the company, she continues to toil away, earning a salary that is not in line with her … [Read more...]
The Next Recession is Overdue. Here Are 4 Ways You Can Prepare for It
In the words of the popular Game of Thrones television series, “Winter is Coming.” But with the threat of a recession in the future, are you financially prepared? That’s one of the questions raised by a new GoBankingRates survey which found that not only are many of us still reeling from the last recession which occurred nearly a decade ago, but we're also ill-prepared for … [Read more...]
Pay Yourself First in These Areas to Achieve the Success You Crave
Pay yourself first. It’s advice advocated by David Bach and a long line of financial gurus. Financially, this refers to setting aside a small portion of your income to fund your financial priorities like savings, investing, and paying off debt. But paying yourself first applies to the rest of life as well. In so many ways, we take care of everyone and everything else before … [Read more...]
5 Habits of People with Money… They All Do This!
There are many many ways that people with money make the money, from starting their own business, to real-estate investing, to a having a highly successful career, or to investing in stocks. However, no matter how they make the money, the people with money have these 5 basic habits in common. 1. Create a budget “A budget is telling your money where to go instead of wondering … [Read more...]
How to Stop Fighting With Your Honey Over Money
Money issues can sap the bliss out of any relationship. In fact, according to a MONEY magazine survey, 70% of married couples argue about money. They fight more about money than they fight about household chores, spending time together or even sex. But you don’t have to let finances become your downfall. Consider these simple steps for bringing financial peace back into your … [Read more...]
#StayWoke: How to Keep Money Problems From Keeping You Awake at Night
Are you tossing and turning thinking about your bills? Losing sleep over mounting student loan or credit card debt? If so, you’re not alone. According to a CreditCards.com national survey, sixty-five percent of respondents admitted to losing sleep over money problems, a level of financial insomnia not seen since the Great Recession. At the the top of our financial worry … [Read more...]