If you want to be wealthy, you must understand what wealth is. Here is the best definition of wealth you will ever find. Wealth is “Cash flow from other sources.”
Make Your Money Work For YouWhat this means is that, you are not wealthy just because you earn a lot of money. You are only wealthy […]
Before making the decision to add more debt, you need to make sure that you:
Allocate sufficient money for your essentials.
Borrow only for items that you need and can afford.
Borrow only if you’re spending less each month than you take home.
1. Start with your monthly take-home pay.
This is the amount you have […]
How good are you at managing your assets? Over the past few years, I have received a few invitations to attend seminars at high-class restaurants. Naturally, I have attend a few and enjoyed a nice meal and at the same time listened to expert financial managers teach me how to take care of my assets.
Most […]
Are you considering being an entrepreneur? Are you considering starting a career? If so, it is good to know the pros and cons of each. The table below will help you learn the difference in roles and mindset between an entrepreneur and an employee.
EntrepreneursValue wealth over job security
Can go months or years without payment
Long hours, […]
1. Pay off high-cost debt.The best investment most borrowers can make is to pay off consumer debt with double-digit interest rates. For example, if you have a $3,000 credit card balance at 19.8%, and you pay the required minimum balance of 2% of the balance or $15, whichever is greater, it will take 39 years […]
