Below you'll find a list of all posts that have been categorized as “Financial Health”
“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 …
“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 …
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 …
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“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 …
“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 …
“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 …
“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 …
“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 …
