The Secret Society Of Debt Freedom : The Saturday Weekend Review #217

MONEY BEHIND CLOSED DOORS IS A WAVE FILLED WITH UNCERTAINTY.   There are many secret societies of the world but the only one you should be focused on is that of your debt freedom. Why a secret society? Not many people I know flash around the news that they have achieved debt freedom nor do they explain what it feels like. It’s almost expected that people who have found the key to financial success must share it with the world. That’s fine as long as you’re prepared to deal with the aftermath and there will always be one whether you think so or not. Having money brings peace and an evil all at the same time so choosing your battles wisely is always teeter-totter situation.   Secret society invitation   If you’re waiting for an invitation it will never come especially if pretending to have money is part of the smoke cloud you’ve put on for the real world. There are no awards, no red carpet, bright lights or paparazzi going to be following those who have been inducted into the secret society of debt freedom either. You don’t have to be famous, You don’t have to have a 6-figure […]

Building Wealth Starts When You Stop Making Poor Financial Decisions

You Don’t Need To Be Embarrassed By The Way You Manage Your Money If You Do It Right.   Building wealth seems to be the target for just about everyone unless you don’t mind struggling for money to pay the bills and retire comfortably. At least once a week I get an email from a fan who tells me they are tired of being broke, have lots of debt and want to start building wealth now rather than later. Not only is that a smart idea it’s the beginning of a journey back to square one where you get to clean your financial slate and do it right. Are you embarrassed by the personal finance decisions that you are making? You should be if you’re making simple mistakes that are causing you to spend more money than you should be especially when you have technology at your finger-tips. Rate comparison for everything is available to us but when it comes to financial rate comparison it takes a back seat to everything else. Related: Stop blaming the government for all of your debt problems. Not having money and surviving on a low-income or struggling with a high debt-ratio can be embarrassing […]

3 Budget Negotiations That Saved Us Money : Our March 2016 Budget Review

YOUR MONEY WON’T WORK BY ITSELF SO GIVE IT A PUSH   Treat your finances like you own a company and you are the CEO. Budget negotiations should be part of everyone’s financial plan not just the government and business owners. You may be working for someone else making them rich but when it comes to your money there are ways to achieve the same successes but on a personal level.  It’s amazing how many people take their budget for granted and accept the bills they are given instead of putting the green light on budget negotiations. You’ve worked hard for your money now make your money work for you. Don’t let your cash float away without seeing how much you can save. You don’t have to be an outspoken customer to get a better deal. Before you attack (take that with a grain of salt) you must be armed with details and the outcome you’d like from your budget negotiations. If you need to balance your budget but you’re off by $50 try to see if you can get your bundled-telecommunications services lowered. Make a deal. The top way to trim budget expenses is by negotiating the interest rates […]

How financial management led this man to pay off $20,000 of debt : June Net Worth Update 2015 (+0.22%)

YOU ALWAYS HAVE A CHOICE   When it comes to financial management of your money there is no excuse about not knowing why you are in debt, besides the obvious. Calculating personal net worth is a controversial topic in the personal finance world only because everyone calculates their worth a little different. Some people may add liquid assets such as “stuff” they have acquired over the years as well vehicles and their primary residence. Others may not.   Financial management starts now   Whether you hire someone to manage your finances or you do all the leg work and management yourself you know that this task never ends. Money will always be a mission on the monthly “To-Do List” no matter how rich or poor you are. It’s been years now that my wife and I have been calculating our estimated personal net worth but we never quite gave much thought to the motivational aspects of knowing “What am I worth?”. What I mean is how taking charge of our finances have influenced our mindset. Financial management of our assets and liabilities didn’t come into play until we bought our first house together after we were married BUT we could […]

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