Here’s How To Find Out You might think someone is wealthy if they earn a million dollars or six figures. According to Robert T. Kiyosaki, this isn’t true wealth. The average person would find this salary a good stinking deal. Robert challenges you to rethink…
Talking about the important stuff with the most crucial person in your life — The Money Conversation If there is one conversation you want to have relatively early with your partner or future partner, it is about money. Of course be pragmatic about it and discuss money…
Quit being short-term oriented — As you age, one thing will increase if you’re financially productive. Your income. But with income increases comes responsibility, and many of us don’t want to deal with responsibility. We want to have fun and enjoy life. It’s less fun…
It’s not about lemonade — it’s about incentives, margin, and low-risk bets. The Dhando Investor Core Idea: Heads I win a lot. Tails I lose little. Pabrai often points to lemonade stands as a microcosm of business — a simple system where incentives, pricing, margins, and demand become immediately visible….
Your financial behavior is their blueprint. — Lesson 1: Spend less than you earn. Always. The less you spend. The more you keep. If you spend more than you earn, you will never ever ever reach a positive net worth, build substantial wealth, or experience financial…
If you don’t fund your retirement, you’re quietly making your kids your plan It’s a luxury to have your parents pay for your school. It’s also one of the easiest ways to get your kids to take their education for granted. When a person pairs effort…
If you don’t pick a number, money will eat your life — Real Quick: Conduct This 5-Question Audit 1. What is your motivation to earn money? 2. Why do you wake up every day to earn another dollar? 3. What number are you working towards (do…
And Your Home Doesn’t Make You One Either — The Definition of a Millionaire Someone with a liquid net worth of 1 million dollars minus their liabilities. 98% of the global population are not millionaires, and here’s why: 1. Lottery / Quick Fix Mentality Delayed gratification requires…
How to spot financial chaos before it becomes your problem — Money can be such a sensitive subject — especially when you’re dating. People are either super comfy with it or tighten up immediately. Never try to change people when it comes to money. Just observe how they…
A simple way to accelerate your net worth through the roof — Every time your income increases, put at least 50% of that raise straight to investing and saving. Not to a bigger apartment. Not to a bigger home. Not to nicer clothes. Not to more…
Other options can get you there faster — And primary residential home ownership is most certainly not the best way to build wealth since it usually requires a 15–30 year loan term. Many believe buying a home is a solid way to build wealth. Is it?…
For stubborn people who won’t outsource business tasks — If you’re managing a family, academic pursuits, a relationship, familial obligations, and also happen to be building a business or career, time is your greatest asset. The only way you can truly scale is if you start…
Quit paying the “stupid tax” and keep your money — There are endless ways to get cash back. Get creative. Look for opportunities to save. Cut superfluous costs. Use the additional savings to invest and pay off debt. __ Save. Invest. Build. This article is for…
Addressing warped views on personal real estate — What Is A Millionaire And Who Qualifies? About 1.5% percent of the population is classified as a millionaire, which means these folks have a liquidated positive net worth of 1 million dollars minus their debts and liabilities. Plenty…
#2: Your Spineless. You Don’t Know How to Say “No” — 1. You’re In The RED (Negative) Every Month Overspending. Over-leveraging. You’re constantly spending more money than you’re earning within a 30 day timeline. You’re in the red every month and you’re doing nothing to change…