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…
Shift your psychology about money — Some people believe that people with money are evil and gain it illegally, or by taking advantage of others. Some people don’t care about money. Some people claim they hate money with passion. Some people only hoard their money and…
6 Reconsider how you spend your time — 1. Destroy Expenses Every month, ruthlessly go through your budget to determine what other expenses / non-essential spending you can obliterate. Aside from adding the outlays, I analyze to see what I can cut out; by doing this,…
Move from A to B without Financial Hassle — 1. Short and Sweet Many people have extended moving processes. Be aggressive and aim to finish your move over the weekend or within a day (depending on how far you’re moving). It’s super aggressive but also…
Do you prioritize materialism or financial independence? — Around 85% of people manage a car note. Yet according to Yahoo Finance, 78% of Americans have less than $50,000 saved for retirement. What does this tell you? People are prioritizing buying cars over saving for retirement….
For people who want to start without pretending to be experts — People don’t avoid investing because they’re lazy. They avoid it because they feel stupid. They hear terms like asset allocation, market cycles, risk-adjusted returns, and they immediately assume they’re behind, unqualified, or too late….
Clear strategies — Prices will continue to inflate. Gas prices will continue to fluctuate unfairly. Housing will increasingly become “less affordable.” Food prices will continue to rise to unrealistic prices. Instead of stressing over it, focus on creating a robust financial shield against economic shifts. Remember…
Don’t allow your actions to conflict with your goals — Is Minor Shopping Harmless? They say “window shopping” is harmless, but is it? When you go to a grocery store without a list or set intentions, how often do you buy things you had no intention…
Why consistency beats intelligence, confidence, timing and almost everything else — I’m not a market expert. I don’t read charts. I don’t follow earnings calls. I don’t track macroeconomic narratives. I don’t try to predict recessions, rate cuts, elections, or black swan events. I just…
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…
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…
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?…