Budgeting: How To Make Your Money Work For You
Make a Monthly Budget Work for You! Reaching your personal financial objectives, like most things in life, requires setting goals. For most of us, reaching financial objectives also needs to include creating and using a monthly budget (also known as a spending plan). Whether your goals are as short-term as meeting your household’s monthly expenses […]
Most Millionaires Track Their Net Worth – You Should Too
Your financial net worth is simply a snapshot of your financial health at a specific moment in time. Calculating Your Financial Net Worth Calculating your financial net worth can confirm how well you are doing on your path to financial independence. To begin calculating your financial net worth, first list all of your assets (what […]
How to Diversify Your Income
Household and personal income is defined as “the sum of all the wages, salaries, profits, interest payments, rents, and other forms of earnings received in a given period of time.” Simply put, it is all the sources of money you receive. There are generally three types of income: earned income, portfolio income, and passive income. […]
The Simple Path to Wealth: Your road map to financial independence and a rich, free life
Our Director of Operations Mike is always reading something to further his professional knowledge and to develop his personal leadership and professional development skills. This week he shares his enthusiasm for J.L. Collins’ “The Simple Path to Wealth: Your road map to financial independence and a rich, free life”. Mike says, “J.L. Collins is very […]