Wealth-Building Habits of Self-Made Millionaires

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 [...]

By |April 14th, 2021|Budgeting and Debt, Miscellaneous|Comments Off on Wealth-Building Habits of Self-Made Millionaires

Factors to Consider When Analyzing Your Net Worth

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 [...]

By |April 13th, 2021|Budgeting and Debt, Miscellaneous|Comments Off on Factors to Consider When Analyzing Your Net Worth

Revisiting the Importance of Positive Personal Free Cash Flow

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. [...]

By |April 26th, 2020|Budgeting and Debt|Comments Off on Revisiting the Importance of Positive Personal Free Cash Flow

The Importance of Positive Personal Free Cash Flow

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 [...]

By |June 8th, 2018|Budgeting and Debt|Comments Off on The Importance of Positive Personal Free Cash Flow

You Want Financial Freedom? Rid Yourself of Debt.

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 [...]

By |February 20th, 2017|Budgeting and Debt|Comments Off on You Want Financial Freedom? Rid Yourself of Debt.
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