With our ingrained belief systems is hard to get your head around the fact that no matter how hard you work and how much money you earn, there’s no guarantee that you are going to get rich. And certainly, money alone doesn’t put you onto the path to financial freedom, what makes the biggest difference [...]
Tags: personal finance, savings, wealth
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Tip 1:
Live within your means. You need to think about living a balanced life rather than sacrifice. It’s all about the way you think about the situation – your mindset. Positive thoughts mean that you see the glass as half full rather than half empty. How you perceive the situation can therefore affect your [...]
Tags: credit management, tips
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Do you have one?
What do you need to grow one?
Well just like growing a plant you need to nurture your money in the same way. If you want to reap tomatoes then we all know that we need the tomato seeds to be sown in fertile ground. We need to water the plant frequently and [...]
Tags: investing, money, saving
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The current rates are low so some people may be considering a loan for a home of business investment. If you are there are a few things that you should ask before you sign on the dotted line.
Do you really need this loan?
Have you been given all the necessary information by the lending agency? Fees, [...]
Tags: lending, loan, tips
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There are 2 schools of thought with respect to credit card debt. There are those who tell you to reduce it and yet others who state that you should manage it. Let us consider both options.
If you were to take the path of reduction then you will work toward making the balance disappear. You can [...]
Tags: credit cards, debt
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Recently I was reading about the changes to the laws relating to credit cards in the US. The article was aimed at informing as to the implications of the laws that come into effect in 9 months. Of course the laws are meant to protect the consumer from the rising changes imposed by banks. However [...]
Tags: credit cards, debt
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Do you have any idea that you are in debt? Not being able to meet the minimum monthly payments is the first way some people realize they are having problems. To avoid being in this undesired predicament, you should take stock of your situation every 3 months. Tally all of your debt including credit cards, [...]
Tags: debt, personal finance tips
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I first heard about the Mvelopes online system a few years ago. This online homebudgeting system is an advance version of the envelopes that your grandparents used. I have never used it since the low tech grandparents method – the physical envelopes (and sometimes mugs for my coins) works for me.
One of the important steps [...]
Tags: mvelopes system, saving tips, tracking
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Today we live in the information age. Everywhere you go online and offline it is about how much you know and not how strong you are. Yes strength counts… strength of will, discipline. However, the strength of brute force is no longer required for a person to get ahead. So ask yourself these questions:
What do [...]
Tags: earnings, money
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Do you know how much you spend each day? Where does the money go? Have any idea?
Well it should be the first step you take in making the move from debt to wealth.
Get a notebook that you carry around with you for a month and record every cent you spend. Now you may be tempted [...]
Tags: budget, money
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