The Cash Flow Quadrant
Need an income boost, but not sure where to start? Then you need to encounter the Cash Flow Quadrant. It’s a concept pioneered by Robert Kiyosaki of Rich Dad Poor Dad fame. And it’s one of the best explanations of creating income around. How it works The employee and freelancer trade their time for money. […]
The Greatest Obstacle to Entrepreneurship
Let’s face it—a side gig sounds like a dream come true. What’s not to love about being your own boss? But if working for yourself is so awesome, why do so few take the plunge? The reason is simple—uncertainty. And that uncertainty creates anxiety. It makes sense. School taught you how to scribble notes and […]
Common Financial Mistakes and How to Avoid Them
Finances are a challenge. Whether you’re in your 20s and paying off student loans or in your 40s and trying to save for retirement, financial decisions can be complicated. The good news? There are steps you can take to avoid the most common mistakes so you have more peace of mind when it comes to […]
The True Cost of Debt
Debt is expensive. Americans spend about 34% of their income on servicing their mortgages, car loans, and, of course, credit cards. Assuming a household income of $68,703, that translates to roughly $23,359 going down the drain each and every year. Obviously, converting that money from debt maintenance to wealth building would be a dream come […]
Pay Yourself First
Your paycheck makes everyone rich… except you. Allow me to explain. Your labor actually is helping make your boss rich. He gives you a portion of earnings in exchange for your time and effort. No harm, no foul. But what becomes of that paycheck? Who is getting paid? It goes right back to people just […]
Self-Improvement Advice You Can Leverage Today
Self-improvement is big business. In 2020, the self-improvement industry was estimated to be worth $10.4 billion in the United States. But here’s the catch—most of the advice you get from self-improvement gurus is either really simple or generic to the point of useless. So here are five completely free self-improvement moves you can make that […]
The Laid-Back Way to Build Wealth
Automating your finances can take the pain out of wealth-building behavior. You know how it goes. The thought flashes through your mind—”I need to start saving money!” Now What? And then… well, that’s it. You read a few articles on saving and try to spend less, but after a week or two your mind has […]
What Does Financial Control Look Like?
You work too hard for your money to let it go to waste. So why does it feel like you have so little control? How many people feel financially helpless? Like there is barely enough to make ends meet and never enough to prepare for the future? 78% of Americans were living paycheck to paycheck […]
Save The Money Or Pay Off The Debt?
If you come into some extra money – a year-end bonus at work, an inheritance from your aunt, or you finally sold your rare coin collection for a tidy sum – you might not be quite sure what to do with the extra cash. On one hand you may have some debt you’d like to […]
Trying To Change Your Life? Start With Your Environment
Chances are you’ve cooked some pretty elaborate plans to trick yourself into being more productive. Take a look around Have you considered the role your surroundings play in your everyday life? It turns out that one of the easiest ways to bring about change in our lives is actually to change our environments. What if […]