Understanding how money works and more specifically how YOUR money works is one of the first steps towards achieving financial independence. There is a misconception out there that everyone must follow the same pattern of getting a steady job after schooling, working for until you are 65, and then retiring. While the majority of Americans …
1. Listen to financial podcasts Listening to financial podcasts can be a great (and free!) way to learn about personal finance. Learning through podcasts can be a great way to expand your knowledge. There are hundreds of options out there, so try a few out and pick one or two that work best for you …
5 Productive (and Free!) Ways to Grow Your Wealth Read More »
Be conscious of your spending… 1. Track your spending The first step to saving money is to know how much you are actually spending! Begin tracking how much you are spending on everything- and I mean everything. From the big purchases all the way down to the daily coffees. This will help you analyze exactly …
Grab a copy of “The Millionaire Next Door” here. “The Millionaire Next Door” by Thomas J. Stanley, Ph. D., and William D. Danko, Ph. D., provides an inside look at the practices and ideology behind every day millionaires. It aims to knock down the preconceived notion that millionaires are the essence of driving fancy cars …
What is the 4% rule? What’s your financial freedom number? How much money do you need to have to be considered financially free? You can use the 4% rule to help you determine just how much you may need. The 4% rule is a rule of thumb that calculates how much money you have to …
Grab a copy of “Rich Dad, Poor Dad” here. “Rich Dad, Poor Dad” by Robert Kiyosaki is the type of book that can change your life. This is not an exaggeration. “Rich Dad, Poor Dad” aims to challenge the status quo on how we think and interact with money. It analyzes the average person’s mindset …
