Living for today - Planning for Tomorrow
We all experience emergencies at some point or another, right? Unfortunately, 62% of Americans can’t cover an unexpected $500 car repair, according to Bankrate. The need seems so prevalent to those who are already strapped for cash, but what about the ones who aren’t? Do wealthy people need an emergency fund, too? Do Wealthy People Need An Emergency Fund? It all looks so glamorous on the
One of the most famous “rags to riches” stories in our time is Joanne “J.K.” Rowling. The author of the world famous Harry Potter series wowed the world again in 2012 by purposely directing her riches in the opposite direction. Now the curious world is asking the question: “Is JK Rowling still a billionaire?” Lots of famously wealthy people give to charity, but Rowling gave
Everybody loves an underdog. We love a rags to riches story of a woman beating the odds and carving out a well-earned life of wealth. But, what about the woman who woke up one day with a billion dollar share in her family’s company? What traits for success do wealthy women from all walks of life have to offer us? Does their advice even apply
The other day, I was reading a book about backyard birds in North America to my 3-year-old. I’ll admit; it wouldn’t have been my first choice, but sometimes my kids are more mature than me. That’s when it dawned on me. These common birds are doing their best to build nest eggs just like us. In fact, one of them exhibits habits that remind me
You may have asked yourself, “What is wrong with Gary Busey?” Perhaps you heard about his near-fatal motorcycle accident or his drug overdose or that he declared bankruptcy in 2012. On the surface, you may see a man with deep, physical and mental struggles. What you’re really seeing is a man who fought to overcome some of the most difficult chapters of his life, rose
Today we have a guest post from Michael Rogers about how you can increase your net worth in short order. Your net worth is an indicator of a number of different things, but ultimately it is a key calculation of your overall financial success. Many individuals make this calculation and realize that their net worth is in need of a little adjustment on the positive
Why are some people able to build real wealth and achieve financial freedom at a much faster pace than the rest of the world? The truth is there’s no magic secret. Instead it comes down to a few key habits and traits. If you’re willing to adopt these four wealth building traits you, too, can set yourself up for a life of financial freedom. Sacrifice
Do you have a millionaire mind? Will you ever make it to the one million dollar mark? You might. In fact the characteristics of millionaires probably aren’t what you think. Today’s self-made millionaires are not flashy, don’t advertise their wealth, and aren’t workaholics. At least that’s the consensus of Thomas J. Stanley’s studies in the book The Millionaire Mind. According to the data Stanley collected,
When it comes to tracking your money the saying “different strokes for different folks” is certainly true. Personally, I’m not very good at tracking my expenses to the penny. I did it once, actually. Usually I set a “guided budget” and even though my numbers may not fit perfectly within my original estimates, I still normally spend around the same amount of money each month.
One of the financial goals we’ve made is to have our house paid off before age 55, or at least have the capability to pay it off if we want to. I know that as I get older, I’ll struggle to find a job if I lose the one I have now. I anticipate that sooner or later I will lose my job, so much
