The expensive offices of car manufacturers are built from the profits on car loans and leases, not cars.
Monitoring Your Finances Reveals Priceless Lessons
A most important element for building wealth is to measure it. The people I know that have continually increased their net worth track it in order to direct it and stay motivated to reach ever higher financial goals. Seeing the quantifiable results of your spending and investing decisions is the first step to take control of them. Contrarily, the people I know in the worst financial shape have no idea where there money is spent and are too afraid to know what their net worth …
Taking Control of your Finances.
Discusses how to take control of your money, so that you can find funds to invest for the future.
Building Financial Security Steps 4 to 6.
Discusses the wealth building principles of goal setting, budgeting and self education.
The Envelope System of Budgeting
Often, when you cash a check through a bank, your money is given to you in a cash envelope. People used to spend the money in this envelope wisely, knowing that there was no more money until the next payday. They physically could look and see how much they had left everytime they shopped or thought about shopping.
Saving Money Is The Slow Path To Financial Freedom
Getting a job and not spending all the money each month is the slowest, hardest, and least efficient way to build up a big pile of money. Saving money is a worthwhile net worth building activity, but it doesnt offer much more than that unless your goal is only to have a little cash at the ever-increasing age of retirement.
This is because wages are the most heavily taxed source of income. Income taxes (federal, state, and social security) choke off about 35% of this earn…
So, Do You Need Financial Planning?
Well do you need Financial Planning? In this article, I will show you how you can answer this question.
Immediately after we complete our college education, we automatically participate in a race call rat race.
Everyone started the race with a cart. In this cart, we have personal bills, loans and our allowance. As we are single, everything is good and manageable. We can spend what we earn without worry.
Then we meet our partners and get married. Thus we begin our …
Increasing Your Bottom Line
As a small business, your focus on the bottom line is always crucial. But how do you increase your bottom line? Increasing the bottom line can happen two ways. One way is to reduce expenses. The other is to increase sales. Of course – that’s Business 101, right? But how does a small or home-based business on a shoe string budget do those things?
Learn to Bargain
Most people get a little shy when it comes to bargaining for a good price on something. Those that are good at it get great deals on everything and save tons of money in the process.
How A Millionaire Manages One Dollar
If you dont know how manage a million dollars, I guarantee that the money will quickly disappear if I wrote you a giant check right now. Precisely like 90% of lottery winners that go bust within five years, they didnt have the basic discipline or the formula to handle the money that would have created a financial foundation that would last for generations. Learn how to manage a single dollar so that you can move up to the financial big-leagues on your own.
Give a millio…
Can You Still Grocery Shop On A Budget?
When you go grocery shopping, do you find yourself coming home with more than you went out for, a receipt a mile long, and the wallet a little lighter? While its not necessary to be the Martha Stewart of shopping, there are some things you can do to reduce the time and money you spend at the grocery store.
1) Plan your menu a month ahead. Stick with nutritional meals with lots of grains and vegetablestheses can be found for relatively inexpensive prices.
2) Be specifi…
Don’t Be Held Hostage By The Price Of Gasoline
It seems everywhere you go these days, at least in the US, the conversations are about the price of gasoline.
No wonder, since it’s broken the $3.00 a gallon barrier and is causing a lot of people real hardships.
I’m old enough to remember the gas lines of the 1970’s when a similar situation occurred. At that time, I had a production services company in New England, in partnership with a man named, Irving Goldmacher.
In addition to being one of the two smartest peopl…