Wealth Building

Saving and Investing - One Won't Make You Wealthy

Saving and Investing – One Won’t Make You Rich

Investment advisor and entrepreneur, Robert G. Allen once said, ” How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”  This understanding of saving and investing is crucial for those seeking to acquire wealth. Savings accounts are excellent for storing money you need in an emergency

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Personal finance professionals you want on your dream team

3 Personal Finance Professionals You Need on Your Dream Team

You likely have many teams in your life.  You may have a dentist, doctor, and maybe even a therapist that helps you manage your physical and mental health. The same goes for people who support you during critical life events like purchasing or maintaining a home, or going back to school. But what finance professionals

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Close-up of a Powerball lottery ticket showing odds of 1 in 31.8 for a $2 play, with the words “Powerplay” and “Powerball” highlighted in bold text, emphasizing the excitement and potential winnings of playing Powerball.

As PowerBall Jackpot Hits $425 Million, Be Careful What You Wish For

If you’re a lottery player – and even if you aren’t – you’ve probably heard that Wednesday’s upcoming PowerBall jackpot is expected to hit or maybe even surpass a record $425 million. I’m the first to admit that a mega cash windfall like that is enough to make you salivate – and probably want to

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Lynnette Khalfani-Cox

The 7-Step Millionaire Success Formula

The 7-step “Millionaire Success Formula” is based on the universal wealth principles one must follow in order to eliminate financial obstacles, and achieve substantial, long-lasting riches. Make a personal prosperity plan. Develop a millionaire’s budget; written goals; and a financial policy statement Realize that financial success doesn’t happen by luck Invest first, last and always

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A woman with long dark hair, wearing a white shirt and gray sweater, smiles at the camera. The background is outdoors with blurred foliage.

Don’t Just Dream, Execute By Setting Goals

Too many people have millionaire dreams but no millionaire plans. Well, you can’t become a millionaire just by dreaming, wanting or wishing for wealth. You have to lay out a plan, and you have to execute in order to fulfill the goals within that plan. As you’re developing the framework for your millionaire’s budget, now

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Image of a book titled "The Money Coach's Guide to Your First Million" by Lynnette Khalfani-Cox, featuring the subtitle: "7 Smart Habits to Building the Wealth of Your Dreams" and a portrait of the esteemed millionaire author.

No Get Rich Quick Schemes to Becoming A Millionaire

Some of you may be saying: “Can’t I just do one thing to become a millionaire?” Well, I wish it were that simple. But the reality is that you have to take a multi-pronged approach in order to gain lasting material comfort and wealth. Just taking one or two steps – or even four or

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become a millionaire

Don’t Let These Things Stop You From Becoming A Millionaire

Let me also caution you, however, that there are several definite roadblocks to becoming a millionaire. Most are within your power to avoid. However, some are external factors and you’ll have to watch out for those pitfalls too. A few of the obstacles to achieving financial security are: Laziness Unfortunately, some people simply aren’t willing

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Lynnette Khalfani-Cox

Creating a Millionaire in Training Budget

You can probably rattle off what your basic necessities are: they’re expenses like housing payments, food, transportation costs, and so forth. You may need to think a little longer, however, about the things that are important to you. For instance, let’s say education is important to you. Then you might choose to spend a portion

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Financial goals

The Couple That Sets Financial Goals Together Stay Together

After you write out your goals, I urge you to share them with your spouse, or significant other, and have the person do the same thing. You may be surprised to see what some of your partner’s goals are. It’s helpful to do this because then you both have an idea about where each person

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Image of a book titled "The Money Coach's Guide to Your First Million" by Lynnette Khalfani-Cox, featuring the subtitle: "7 Smart Habits to Building the Wealth of Your Dreams" and a portrait of the esteemed millionaire author.

Why You Should Put Your Financial Goals in Writing

No matter what your goals, you should know that writing your plans out gives you a far better shot at making them happen. In fact, written goal-setting is a phenomenally powerful act, as demonstrated by a number of high-profile cases. For instance, a 1953 study from Yale University surveyed the graduating class that year. Back

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