I am constantly amazed at how so many people look for the quick and easy way to get rich without truly understanding both the RETURN and the RISK aspects of an investment opportunity. It doesn’t take long to perform a quick internet search to come up with examples of investors who overlooked the inherent risks of the investments they made because they focused on the “supposed” returns. Continue reading “Know The Investment Risks You Are Assuming”
Category: Miscellaneous
Millionaire Wealth Building Habits
Have you ever heard the term “Money is the root of all evil”? Ever notice the people with no money, little ambition, or little desire to become financially free are those who use this term? In my opinion the term “The love of money is the root of all evil” is more appropriate.
There is nothing wrong with making and having money as one of your key priorities in your life on the condition your relationship with family/friends does not suffer at the expense of creating wealth and your morals/ethics are not messed up. Think of it, if you are a genuinely good person don’t you think you can help a whole lot more people if you have money as opposed to being in a position where you are struggling to makes ends meet?
In this regard, I am providing the following list of wealth building habits that have worked for my wife and me. Continue reading “Millionaire Wealth Building Habits”
See How Inflation Impacts You. Prepare Yourself!
Inflation really impacts you so prepare yourself!
On June 14, 2017, US Federal Reserve Chairwoman Janet Yellen and all but one of her central bank colleagues voted to raise its benchmark federal-funds rate by a quarter percentage point to between 1% and 1.25% thus representing the 3rd increase in the past year and a half. (See Federal Reserve Press Release). In addition to lifting this key U.S. interest rate, the Fed laid out a plan to shrink its massive $4.5 TRILLION balance sheet starting “this year”.
Continue reading “See How Inflation Impacts You. Prepare Yourself!”
Stop Receiving Tax Refunds
Stop receiving tax refunds. Break the cycle of giving the government an interest-free loan.
If the amount of tax withheld from your pay is not reduced at source you likely receive a tax refund shortly after you submit your tax return. If this is the case, I urge you to put an end to this cycle because tax refunds represent the overpayment of taxes. When you overpay your taxes you are giving the government an interest free loan.
Think about it. Where do you think your tax refund comes from? From the taxes you overpaid.
Here are a few easy steps to follow to break the cycle. Continue reading “Stop Receiving Tax Refunds”
A Protect Yourself From Frauds and Scams Update
This is a Protect Yourself from Frauds and Scams update and is a follow-up to my recent post entitled Protect Yourself From Frauds and Scams.
This morning I came across a post on Business Insider entitled Hackers are using a devilishly clever fake email attachment scam to break into people’s accounts.
How this works is detailed in a recent blog post by WordFence, a WordPress security firm.
In essence, this is a new email scam. The intent is to trick the email recipient to give up their email login details through the sending of a FAKE link to open a PDF document. The email appears to be legitimate because the scam email is sent from compromised accounts and uses subject lines and file names the target is likely to click on.
Yikes! Be super careful. The extent to which people will go to scam you is unbelievable!
Protect Yourself From Frauds and Scams
The purpose of this post is to provide tips to protect yourself from frauds and scams.
I am constantly amazed to read about people who fall for frauds and scams. I periodically receive text and email messages about opportunities to make additional income and wonder “Who would fall for this?”. Apparently, many people.
Vehicle Buying Tips – Part 2
Vehicle related debt has increased dramatically. In this post I provide vehicle buying tips which address the financial aspects of a vehicle purchase.
This post is a continuation of my “Vehicle Buying Tips – Part 1” post in which I offer tips to save money on your next vehicle purchase.
Continue reading “Vehicle Buying Tips – Part 2”