Creating wealth is far from rocket science, but it does take discipline, a consistent mindset, and the right set of knowledge. Although I can't instill discipline into anyone reading this post I can give some basic tips for creating wealth to set you in the right direction. If you'd like to create more wealth in your life...
Increasing your net worth is fairly straight forward. Lower your expenses and/or increase your earnings. There's only two ways to accomplish it. Although increasing your earnings has a much higher potential, the easiest way to start saving money is going to be through decreasing your expenses. For me, that means living like a poor person....
A couple of days ago, I responded to a guest post by Mr Credit Card from askmrcreditcard.com over at Fiscal Fizzle. His premise was that there really was no such thing as passive income. I disagreed and wrote a post taking the opposite argument. The articles caused quite a bit of debate both on this site and Fiscal Fizzle...
Have you ever thought about becoming a billionaire? It's an astronomical number that most of us can't even wrap our heads around, but according toFortune Magazine, it's list of billionaires totaled 793 wealthy souls this past year. That's a pretty elite group so your odds aren't great.
In fact, your odds of being a billionaire are over one...
It's been said that the easiest way to make money is to keep the money you have. Saving money is a sure way to make sure you have it when you need it, yet so many of us waste it on things we want or spending too much on the things we need.
By cutting waste you're...
One of the first investing/business books that truly influenced me (I was in middle school at this point) was Robert Allen's Multiple Streams of Income. Robert Allen is a huge proponent of aggressively building wealth through business creation, real estate investing, and utilizing the power of the internet. Although many have mixed emotions about Robert's teachings I've...
Over the course of your lifetime you'll spend over 80,000 hours working. That's nearly 10 years straight with no breaks. Think you have that kind of endurance ;) You get the luxury of choosing where you'll spend those hours so does that mean your choice reflects who you are as a person? Are you...
I recently finished reading the 10 Roads to Riches by Kenneth Fisher and found it refreshing in the field of personal finance books that often repeat the same mantra. Kenneth's book takes a realistic approach and gives options on how the most effectively build wealth through ten different strategies.
Insightful, accurate, and educating are a few of the words...
My previous post "Is living on minimum wage possible" brought quite a bit of mixed opinion. In fact a few strongly disagreed with me in the ability to live on minimum wage. Words like "impossible" were thrown out, which actually surprised me a bit. Maybe I'm just picking a fight here, but I think people often...
While working last week I met a couple who had achieved financial freedom. They had started their own business and now were millionaires several times over who were Hawaii locals. They said they'd really never left Hawaii, but did have some desire to travel before they got too old. They've spent their whole lives building their...
