Always do your due diligence — Credit Card Troubles She knew nothing about credit, so she allowed her friend to guide her into applying for back-to-back credit cards until she finally got approved. Her next question was, “What do I do now?” She had a new…
Even if you make good money — Most people don’t stay broke because they’re reckless. They stay broke because they slowly drift into financial patterns that feel normal, responsible, even mature — but quietly work against them. There’s no dramatic moment where everything falls apart. No obvious financial…
Your problem isn’t income, it’s this A vast population of people don’t avoid investing because they’re irresponsible. They avoid it because the math feels abstract. “Investing” sounds like something for people who already have money. Or time. Or confidence. Or a financial background. So they delay….
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…