“We are going to build a team”. Replace the word “team” with the word “house” - or any other noun that can be built and will take more than just a few minutes - and most sensible people will want to adopt a structured approach.
Plans will be drawn up and approved. People will receive copies […]
To build any serious income you have to use leverage. You accomplish this by spending your time creating and managing levers. IÂ’d bet that if you are creative enough, you could probably create a lever on anything that can provide an income. Let me explain this with several examples.
If you do not have an employee, […]
The biggest gripe that I have with a few famous financial planners is their myth and awe of compound interest. They say, “compound interest is the 8th Wonder of the World according to Einstein, and will make you a million for your retirement if youÂ’d only skip a few trips to your local coffee shop!!” […]
For Starters
When asked to name an effective way of obtaining wealth, a common answer is: “Invest”. What is the problem with this answer? Well, the majority of respondents have very little or no money in their savings account. I see the beginning of wealth building in a different light. A saying that almost everyone […]
Have you noticed that everyone wants to be rich, but few people seem to want to build wealth the old fashioned way: step by step? If you have tried the “lottery method” and it hasn’t worked out, read on for some tips on how you can build wealth for a better future.
Save Sooner, Rather Than […]
Part of learning to become financially free is to begin to understand that there are three different types of income. They are: capital gains, passive income, and earned income. They are the three types of ways to make money, and are very easy to understand.
Capital Gains - When you buy a stock, and sell it […]
Everyone secretly desires to be the ‘Rich and FamousÂ’, whether it is on the local, national or worldwide scene. We spend our lives chasing this desire. We strive to live in a spacious home in an affluent neighborhood decorated by a professional interior designer. We enroll our children in prestigious private or public schools to […]
Most people work hard all their lives only to “retire” poor then try to live off meagre savings or a small (rapidly disappearing) Government pension. They are forced to live out their twilight years struggling with constant money problems. Many of them have to buy only the cheapest food and are unable to enjoy the […]
Building wealth is as simple as saving a little bit here and a little bit there. You need not have great riches in order to accumulate wealth, but you need to have the drive, determination, and discipline to successfully increase your wealth. LetÂ’s look at 6 proven wealth building strategies you can put to use […]
Life is about decisions, whether they relate to your work, business or personal life. Often ignored is the interplay between all these areas, and the fact that a little interdisciplinary thinking can go a long way. This might sound obtuse, but many important decisions can be made easier by thinking simply, and a bit differently. […]
