How might your net worth shift upwards? — First, I want you to ask yourself a few questions: Most people are financially constrained. They are on a hamster wheel, playing catch-up every single day because of one habit they won’t kick to the curb. What is…
And some other basic facts to help you make healthier choices — 1. Credit Limit Is Determined By… Generally, your credit score and history will determine how much credit you’re eligible for. If you have good credit, you will have better opportunities. When I got…
He Paid to Watch Your Best Friend. You Still Said Yes. “So how are you and the boyfriend doing?” I asked. She went on for a while and then dropped the bomb. When she said it, she didn’t flinch. No embarrassment. No anger (disappointment and hurt…
The #1 thing people forget after pulling the trigger My friend regrets buying the car they currently have, which is close to being repossessed. They’re not only facing repossession, they’re also facing imminent eviction. A few months back, I recommended getting rid of the car. Here’s…
#1 stinginess Believe it or not, the more you cling to your money and resources, the less you will have. What you put into the universe, you get back. If you’re not investing anything in others, then what do you get back? Nada. Avoid being…
Can you do both and still be financially successful? You have a few things in place already: You have a solid emergency fund You’re on track with investing You’re on track with retirement You’re living below your means You’re not funding your life with debt…
#3 Abandon the live-in-the-moment mentality Denis Gorbunov recently posted a fantastic article on the invaluable book The Psychology of Money. I’ve read the book and appreciate his interpretation of it. The three quotes he points out in the book: “You need to plan on your…
It takes discipline, NOT a big salary. Ramsey Solutions conducted one of the most extensive surveys of millionaires with over 10,000 participants, and they found a few interesting facts: Raw Numbers Other Notable Mentions Millionaires are everyday people who decide to manage their money differently than most;…
Use Your Past To Accelerate Financial Success — “Sometimes poverty is the greatest gift you can ever be given. Sometimes loss is the key that leads you to gain (Suze Orman).” Born Financially Motivated Something magical happens to those who choose to make something of…
What does a healthy mindset look like? — Zach Byler wrote about the five reasons people are scared to talk about money, which include the following: 1. Fear of the “Jones Family” 2. Lack of financial literacy 3. Cultural and societal norms 4. Fear of appearing…
If You Can Show Up Daily, You Can Get Rich — Consistency Is an Identity, Not a Tactic Most people treat consistency like a tool they pick up when they feel like being responsible. That’s why it never sticks. Consistency only works when it stops being something…
Use Fundrise as an entry point — You don’t “get into private equity” with $50 the way institutions or high net worth individuals do. Let’s start here. What you can do with barely any money is get exposure to private-market style investments through pooled vehicles that…
Ten financial basics — Let’s talk about some of the excuses people give to explain why they aren’t doing so well at money: I didn’t come from a wealthy background. My family is not educated like others about money. I have no clue what I’m…
The biggest financial crime to yourself — Most of Us Already Know What To Do Most people know that investing leads to wealth, or at least we’ve heard the words more than once. It is a fact that the sooner you start investing, the sooner you experience…
Don’t follow the follower — If you try to be like everyone else, you will be broke most of your life. Most people don’t understand the concept of delayed gratification and self-discipline – especially when it comes to money. It feels better to obtain our desires now instead…