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 …
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 …
3 Personal Finance Professionals You Need on Your Dream Team Read More »
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 …
As PowerBall Jackpot Hits $425 Million, Be Careful What You Wish For Read More »
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 …
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 …
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 …
No Get Rich Quick Schemes to Becoming A Millionaire Read More »
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 …
Don’t Let These Things Stop You From Becoming A Millionaire Read More »
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 …
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 …
The Couple That Sets Financial Goals Together Stay Together Read More »
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 …
Why You Should Put Your Financial Goals in Writing Read More »
I don’t think that I’m alone in battling a split personality when it comes to money. I believe many of us have divided selves as it pertains to our finances. For instance, the Mr. Hyde in me will allow bills (and paychecks, believe it or not) to go unopened for days. The Hyde part of …
Do You Have A Split Personality When it Comes to Money? Read More »
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