“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: 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: The One Key Habit of the Wealthy That Will Prepare You For a Lifetime of Success
Reading is the secret sauce to success. It’s hard to obtain financial freedom or career excellence without it. Billionaire Mark Cuban, in his book How to Win at the Sport of Business, credits much of his success to reading: I read every book and magazine I could. Heck, three bucks for a magazine, twenty bucks for a book. One good idea would lead to a customer or a solution, … [Read more...]
Money Monday: The 5 Tough Money Questions You Must Ask Your Spouse for Financial Success
Money issues can drive a searing hot wedge between any couple, disrupting marital harmony in the process. That’s why it’s crucial for couples to protect their marriage by having honest discussions concerning finances before problems arise. Yet, according to a Country Financial Security Index survey, 42% of couples did not even bother to discuss how they would handle their … [Read more...]
Money Monday: How to Set Yourself Up for Life in Your 20s
Your 20s are a time to learn and make mistakes. But, it’s also a time to build the habits that will guarantee a wonderfully successful life. Master the right habits and you’ll travel the smooth road to prosperity. Develop the wrong habits, however, and you could struggle with money problems for decades to come. Let’s take a look at some of the moves you should make in this … [Read more...]
Money Monday: The One Key to Financial Freedom the Wealthy Live By
“It’s okay to be a superstar - to be the man in L.A., but sooner or later you need to start owning things.” - Magic Johnson to Shaquille O’Neal Here’s a simple truth: We live in an ownership society, but the key to financial success is understanding what to own. While Madison Ave would have us believe that late model automobiles, designer labels, and the newest electronic … [Read more...]