“Expenses always rise to meet income… Therefore, learn to control your expenses and build lasting wealth.” According to the Parkinson’s Law, it’s doesn’t matter how much money people earn, they tend to spend the entire amount-Their expenses rise in lockstep with their incomes. Many people are earning today several times what they were earning at their first jobs. However, they …
Emergency Fund
“Beware of little expenses; a small leak will sink a great ship.” — Benjamin Franklin In the previous post, I shared 2 major reasons why you should never save your money. If you did read it yet, you can do so by clicking HERE! This month’s post focuses on the importance of having an emergency fund. Are you prepared for …
Why You Should Not Save Your Money
Are you thinking about saving your money? Hold on! You may want to read this short article before you start. According to Forbes, a savings account is a deposit account that’s designed to hold money you don’t need or plan to spend right away. A saving account is different from a checking account, which allows you to write checks or make …
Webull Free Stock Special
Investing is one of the best ways to build wealth. Ready to take action? Click HERE to start now! Sign up with Webull to get your first 1 free stock valued up to $300. Deposit any amount to receive another free stock valued up to $3000. Get your 2 free stocks now! Click on the link below to get started! …
Financial Freedom 101 Class 3 of 4 Summary
“The rich rules over the poor, and the borrower is servant to the lender.” — King Solomon, Proverbs 22:7 Leverage Debt to Build Wealth Debt is a loan or money you borrow from a person or a bank. It’s a responsibility or an obligation that requires one party (the debtor), to pay back money to another party (the creditor). When …
Financial Freedom 101 – Class 2 of 4 Summary – What’s your Current Financial Status?
“Before you can improve your financial status, you must first identify where you are now, develop a plan to achieve your goal, and follow the plan.” — James Justin Identify Your Current Financial Status Once you adopt a positive mindset to achieve your financial goals, the next step is to commit to learning what wealthy people learn. One of the …
Financial Freedom 101 Class 1 of 4 Summary
“For as he thinks in his heart, so is he.” -King Solomon, Proverbs 23:7 Change your MINDSET, change your life! As you embark on your financial freedom journey, it’s important to understand your MINDSET-how your mind works. It’s critical to be aware of the limiting beliefs or negative thinking preventing your success. The more you understand yourself, the more you’ll …
Budget 101
“Budgeting is not just for people who do not have enough money. It is for everyone who wants to ensure that their money is enough.” ― Rosette Mugidde Wamambe, Leadership, and Productivity Coach & Speaker With The John Maxwell Team Do you know how to properly manage your money? I remember when I left home for college, I had a …
Investment 101
“If you want to be wealthy, invest, invest and invest.” –Robert Kiyosaki What is an Investment? An investment is an asset or item acquired with the goal of generating income, cash flow, or appreciation. Appreciation refers to an increase in the value of an asset over time. When people purchase a good as an investment, the intent is to use …
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