In the hustle and bustle of life it's easy to forget why we we work so hard to make ends meet. If you really think about it though, deep down, isn't all our hard work dedicated to making sure that our children will have a better future? Isn't it true that we're really fighting so that our kids will have a better life than we did? But, I challenge you to take a minute and ask … [Read more...]
Money Monday: 5 Ways to Rock an Attitude of Gratitude and Supercharge Your Finances
We live in an "I need it" society. I need a late model car I need a larger home or apartment I need the latest fashions I need to eat out all the time I need my smartphone I need my 120 cable channels We really can't help ourselves. We're constantly being plugged "the next best thing," or the next “gotta-have” item. Apple and Samsung continually advertise the latest, … [Read more...]
Money Monday: 3 Baby Steps that Will Actually Help You Save Money Starting Today
You could possess all the financial knowledge in the world but still find yourself broke. That's because knowledge is useless until you put it into action. Unfortunately, this is exactly where many of us fail. We know exactly what we should be doing, but we just don't ever get around to doing it. We've too often become so accustomed to our financial circumstances that we … [Read more...]
Money Monday: This Should Be Your First Financial Priority, Even If Your Money Is Tight
We live in one of the most prosperous nations in the world, but many of us are living on the financial edge, surviving paycheck to paycheck. As the latest proof, consider this fact: According to a recent BankRate survey, 63% of Americans do not have the cash on hand to pay for a $500 to $1000 financial emergency. Even a higher family income does not guarantee adequate … [Read more...]
Money Monday: 5 Easy Resolutions to Take Charge of Your Finances in 2016
Albert Einstein once suggested that the definition of insanity was doing the same thing over and over again and expecting different results. If you want this year to be any different financially, you can’t keep doing the same things that kept you broke in the past. Make this year different. Initiate some changes in your financial life that'll help you produce new results. … [Read more...]
Money Monday: How to Spend on Your Happiness and Save for a Successful Future
Jim Cramer is perhaps one of the best known financial gurus on television. As host of Mad Money, he has counseled millions on how to get the most out of the stock market. Yet, even this television star and millionaire understands that if you want to build a financial fortress, you can’t have it all, all the time. Cramer admits that he spends lavishly on just two indulgences … [Read more...]
Money Monday: Why You Need a Wealth Building Army Working for You
The sad truth is that few people will ever get rich working a 9 to 5. It’s just that simple. Your earning potential is severely restricted by one crucial factor, - TIME. We essentially trade time for money, and since time is a finite quantity, so too is the amount of money we can earn. An hourly employee is constrained by the fact that there are only so many hours in a day. … [Read more...]
Money Monday: These 5 Numbers Are the Secret to Taking Control of Your Finances
With the New Year just around the corner, many of us will vow to make 2016 the year we finally get our finances in order. But in order to be successful, experts agree that we must first understand a few basic numbers. Knowing these figures will help us make the right decisions for a financially fit future. Debt is the cancer that consumes your financial well being from the … [Read more...]
Money Monday: 5 Ways to Keep Christmas from Sending You to the Poor House
The season to celebrate the Prince of Peace is anything but peaceful for many of us. Hijacked by our culture of consumerism, we’ll spend far too much of our time shopping for others with money we do not have. According to a recent survey conducted by Experian Consumer Services, shoppers anticipate spending nearly $800 this year for gifts alone, with forty-nine percent of … [Read more...]
Read This Before Black Friday: 8 Easy Ways to Make Better Spending Decisions
“He who buys what he does not need steals from himself.” - Swedish Proverb We all seek financial freedom, but our brains are wired to spend. We feel the “call of the mall” and enjoy the sweet rush of endorphins as we plunk down hard earned cash to take possession of our retail temptations. Unfortunately, once the “shopper’s high” wears off we’re left with the unnerving … [Read more...]
Money Monday: Obama Has Done It Again! His Plan to Keep You from Being Old and Broke
According to the National Institute on Retirement Security, forty-five percent of working-age households do not have any retirement account savings at all. Part of the problem is that many Americans lack access to pensions or employer sponsored 401K or 403b retirement plans. Others can not afford to put hundreds of dollars every month into retirement savings. Some are … [Read more...]
Money Monday: Save Money and Slash Debt with this Budget Friendly Plan
“Money is a great servant, but a bad master” To achieve financial success, you must become intentional about your money. You can’t be a passive bystander. As we discussed last week, the first step to taking control of your money is tracking and understanding exactly where your dollars are going. Once you actually understand where your money is currently flowing, you can … [Read more...]
Money Monday: The Price You Must Pay to Get Your Financial House in Order
Spend less than you earn. Save, invest, or pay off debt with what's left over. This may be the most crucial concept in the universe of personal finance. It’s deceptively simple, but oh so difficult to master. Part of the reason is that it’s extremely difficult to control spending. Let’s face it, most of have absolutely no clue as to where our money goes. We can’t recall … [Read more...]
Money Monday: How to Know What’s Putting Money in Your Pockets and What’s Taking It Out
I learned recently that one of my relatives just purchased a boat. All I could do was shake my head, knowing that this new purchase would continue to take money from his pockets long after the boat had been paid off. Docking fees, maintenance, and gas would be money drains for years to come. He had just made a mistake that millions of us make every year. Instead of … [Read more...]
Money Monday: How A High School Teacher Became A Millionaire Before Age 38
The Book: Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned In School The Big Idea: You can beat the financial pros and become wealthy by simply investing in low risk, low cost index funds. The Author: Andrew Hallam worked as a high school teacher but didn’t let his teacher’s salary hamper his dreams of attaining wealth. By controlling his spending … [Read more...]