By definition, an entrepreneur is, “someone who organizes a business venture and assumes the risk for it.” Likewise, someone who is entrepreneurial is someone who can measure risk and reward and use innovation in order to profit or gain. So at what point does someone actually become an entrepreneur? In order to label yourself (or [...]

Take a look around at those who retire early. What did they do so differently that allowed them to hang up their hat and take the rest of their life off? Was it a high income? A lucky day at the dog tracks? Maybe it was that they simply had a plan… Typically people put [...]

The belief is that if you work hard and save, over time you’ll earn your way to wealth and great riches, but that philosophy is all wrong. While the standard definition of wealth refers to riches and material possessions, the term really has more value to it. Wealth is a lifestyle that cannot really be [...]

Sometimes things are so incredibly easy to understand that they are overlooked. The basic money skills to make you rich, for example, were probably mastered by the third grade. We have a tendency to believe something is important, it must therefore be difficult. You probably experience this on a day to day basis at your [...]

You live, you work most of your life, and then you die. Morbid thought, I know, but if that’s how it is then why save money? I know a lot of people, including close family, that have gone their entire life spending and never even stopping to think about saving. No retirement plan, no cushion [...]

Imagine that you recently received a rare seed for a money tree. This seed, if nurtured correctly, will begin producing a million dollars a year when it reaches 5-years of age. As it matures and the $20 and $50 bills are ripe for the picking, your money tree can be sold for tens of millions [...]

Asking how to save a million dollars is like asking what the best way is to train for a marathon. For one, just as there are many different ways to train for a race, there are multiple ways to save a million dollars. Each individual and their situation is different as well, which makes reaching [...]

There are many parallels between accumulating wealth and weight loss. If you have the discipline to do one, you have the skills to do the other. Here are just a few similarities and things that should be included in financial diet: Consistency: Both financial fitness and weight loss take consistent effort. Just as regular, scheduled [...]

Last week, I wrote an article for Blueprint for Financial Prosperity called Playing Good Financial Offense. The flipside to this concept is playing good financial defense. Improving your personal income statement can be broken down into two fundamental concepts: generate more income and control spending. The first step, however, to creating wealth is to manage [...]

Building Wealth is Like . . . Watching a Plant Grow Losing Weight Graduating from College Raking the Leaves or Shoveling Snow Constructing a Brick Building Watching Your Children Grow Getting through Airport Security Writing a Novel A Finely Aged Wine Millionaire Money Habit: Building wealth is a process that slowly cultivates. Although each contribution [...]