Dear Dr. Buckingham, I need help and fast, I been married 2 years and financially my husband and I are unstable He has an ex wife and a child with her. I have two from a previous relationship and we have a child together. A few years ago I picked up and moved so we could be closer to his daughter. Things didn't work out so we moved back to my hometown. Before I met my … [Read more...]
Money
Free Training: How African American Couples Can Create Generational Wealth
Dr. Dennis Kimbro, author of The Wealth Choice: Success Secrets of Black Millionaires says, “I can tell you unequivocally wealth is not a function of gender, not a function of race. It is not a function of circumstance. It is not a function of condition—how the cards were dealt, which side of the town you were born on, but it is a function of choice, a function of discipline, … [Read more...]
3 Reasons You Need to Get Off the Sidelines and Into Real Estate Now!
By: Kito J. Johnson I have always been passionate about real estate. I remember, as a teenager, I’d drive through subdivisions to look at the houses and walk through new construction properties to admire the architecture, noting the quality of construction. Since then, I've done a number of different things throughout my life, but somehow I’ve always been led back to real … [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...]
Money and Marriage: 5 Financial Tips to Strengthen Your Relationship
By: Kyle Strozier It’s been said that the number one cause of strife, arguments and eventual breakdowns in marriage is...money. I’m sure we all know of personal accounts that will corroborate this. I’m here to say, that needn’t be the case for you. Marriage is a union of two people. However, for many couples, that union stops immediately at money. Here are a few tips … [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...]
Marriage and Money: 4 Easy Steps to Financial Closeness with Your Spouse
This is part of a sponsored campaign with Wells Fargo. All opinions are my own. Recently, I had such a wonderful time sitting on BMWK’s Financial Intimacy panel sponsored by Wells Fargo. Founders of BMWK, Ronnie and Lamar Tyler, strategically positioned this discussion as the kick-off event to their 3rd annual BMWK Marriage Cruise—to make it clear that financial connection, … [Read more...]
5 Financial Tips to Keep Money from Ruining Your Relationship
By: Dr. George James Some say that money is the root of all evil while others believe the love of money is the source of all evil. In loving committed relationships, money can become the evil that breaks the couple up. In a healthy relationship, it is important for the couple to talk about money, discuss spending habits, figure out how to pay bills together and develop a … [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...]