I’m often asked my opinion about the best investing books for beginners. Not an easy question because there are so many great ones–and I have
Financial planning quotes pack a lot of punch. They contain lots of wisdom in a short amount of words. We can pull ideas, thoughts, inspiration,
In previous posts, we’ve written a lot about the benefit of investing. The reason we’ve written so much about the topic is that the benefits
How to attract money? Do you walk around with a magnet, or some type of money finder, and hope for the best? Pour honey on
It’s important to have goals. Goals start as dreams or an idea and become a reality when they are written down, developed, and measured. Goals are so important to me that I have a chapter in my book Cash Uncomplicated specifically about goals. In my book, I write about short-term, medium-range, and long-term goals. In today’s post, we’ll focus specifically on long-term financial goals and how to crush those goals.
It’s exciting to go to the racetrack, put down some money on a horse, and win big on a long shot. Coming home from the track with a couple thousand in your pocket has to be a good feeling. Not that I would know because I’ve never won more than 60 or 70 dollars—but a few thousand has to feel great!
It’s a great position to be in. All consumer debt has been paid off, or never existed in the first place. You’re doing well in your career, invest 10 percent or more of your income, and have plenty of savings in your emergency fund. You also own your own home and don’t plan on moving anytime soon. You’re at a point where you have a surplus of money coming in every month.
I hear it a lot—investing is risky. Yes, investing definitely is risky. You can lose money investing short-term. It’s agonizing to think that you can work hard at your job, do what you believe is the right thing, and actually lose some of that money if you were to pull it out.
There’s an idea in personal finance that for the average person to obtain wealth, they need to cut a bunch of things out. Maybe it’s because cutting spending is the lowest common denominator, or the easiest thing for people to relate to. I’ve frequently heard statements equivalent to a crash diet:
I read the book Rich Dad Poor Dad for the first time about ten years ago. Since that time, I’ve re-read the book at least a few times. Each time I’ve read it I’ve picked up something new. Definitely one of my top books of all time.
We can’t bottle up time or save it in a capsule. Our bodies change, the kids get older, and life in general changes. There are
Don’t feel bad about money or how you earn it. Comparison has been around for centuries. Before digital technology, there was word of mouth. Then
Here’s a note on compound interest for all the young people, or those who can help shape young people. I’m writing this as an adult
Saving money is very important. I write all the time about the virtues of it. There’s a point though where you need to transition from
