Becoming financially free does not need to be a daunting undertaking. Here are 10 valuable lessons to achieve financial freedom. Develop a Wealth Mindset If you think you can, you can. If you think you can't, you can't. Becoming financially free starts with having the right mindset. Focus on opportunities rather than limitations. Wealth [...]
Some people become millionaires because they are born into money. Quite often they do not develop proper wealth-building habits because they were never forced to do so. As a result, quite often you can not learn from these people. You enter the two-comma club by learning the wealth-building habits of self-made millionaires. In essence, follow [...]
Completing a personal net worth statement at least once a year is important from a financial planning perspective. It is, in essence, a financial report card that helps in the evaluation of your current financial health. Once completed there are various factors to consider when analyzing your net worth. Before delving into the factors to [...]
COVID-19 has only recently been declared a pandemic yet within a very short timeframe, the personal financial situation of many people has been completely upended. In my June 8, 2018 'The Importance of Positive Personal Free Cash Flow' article I discussed my thoughts on this subject matter never having expected the circumstances we currently face. [...]
Far too many people are in the financial predicament where their financial position needs to be fixed but they have no clue where to begin. This article presents the basic preliminary steps which need to be taken to fix their finances. Recently, I was having lunch with a friend. Just few doors from the [...]
I can not stress enough as to the importance of personally being in a positive free cash flow position. This article provides tips on how to achieve and remain in this state. Introduction Recent statistics show the consumer credit debt of households and non-profit organizations in the US amounted to ~$3.74T in Q3 2017. Judging [...]
The other day a reader asked me for some ideas as to how I go about selecting companies in which to invest. He had read other blogs which make extensive use of technical indicators and oscillators (Williams%R, MACD, Bollinger Bands, Stochastic Oscillator, etc.) and relied to a great extent on charting tools (SharpCharts, Point & [...]
I have previously written about my concerns re: consumer debt levels here and here. While I don’t like to harp on the negative, I can’t help but become increasingly concerned when I read that Deutsche Bank's chief international economist who has been staunchly bullish on the economy for quite some time is now talking about [...]
The purpose of today's post is to: explain how to obtain a credit rating without impacting your record; provide easy actionable steps to improve your credit rating. [...]
Years ago I came to the realization that proper money management means allocating money into "3 Buckets". Spending Saving Investing [...]
