When we discussed setting Financials Goals for the New Year, we talked about the different types of goals and how to set them. I recently heard a news broadcaster who was interviewing people about their goals for the New Year. What was interesting was how she approached the question. Instead of asking the typical, “What [...]
Here are 9 small ways to save more money this year: Quit costly habits: Smoking a pack a day costs over $1,600 a year. That’s not including the cost of dental work, general health, laundry service and replacement costs for cigarette burns. A Starbucks addiction can cost you around the same. Consolidate bills: By finding [...]
In addition to the discipline and willpower needed to become a millionaire, what may really be needed in order to achieve your long-term wealth accumulation goals is to develop a Millionaire Mindset. Webster’s Dictionary defines a habit as, “An acquired mode of behavior that has become nearly or completely involuntary.” It takes more or less [...]
This time of year I pull out my goals for the year and assess how I did, and start to think about my goals for next year. While I pretty much know what my goals are and work hard at them throughout the year, I was pleasantly surprised at what I have accomplished this year. [...]
When you set your monthly budget, give yourself a weekly budget to avoid spending your entire monthly budget early in the month. If your budget is realistic and a bit of a challenge, there will times you go over due to unexpected expenses and seasonal increases in bills. Hopefully those months are offset by months [...]
No matter where you are in life, having mentors is important to reaching any goal and helping you grow. Mentors, however, are particularly important when it comes to building wealth. Actually, you will need many mentors throughout your money accumulation lifetime, including basic money mentors, business mentors, stock mentors, real estate mentors, legal mentors, etc. [...]
Increase Your Financial IQ: Dedicate some time, either daily or weekly, to educate yourself. Read money magazines and websites, listen to money advisors while in the car, etc. The better you understand how the money game works, the more opportunities you will see to accumulate wealth. Pay Yourself First: Before you spend any money when [...]
Becoming wealthy has less to do with actual income and more to do with planning for financial freedom. What is discussed here is not a “get rich quick” model, but rather a “slow and steady” method that will set you on the path to making your first million dollars. The first steps in financial freedom [...]
