Personal finnace is pretty darn simple. Spend less than you make, save, and don't buy stuff you can't afford. For some reason people can't follow one of the most simple to follow concepts out there, which is why it's perfect for a Saturday Night Live Skit!
Watch the video to learn all you need to know about saving...
I recently finished reading the 10 Roads to Riches by Kenneth Fisher and found it refreshing in the field of personal finance books that often repeat the same mantra. Kenneth's book takes a realistic approach and gives options on how the most effectively build wealth through ten different strategies.
Insightful, accurate, and educating are a few of the words...
It's been said that the easiest way to make money is to keep the money you have. Saving money is a sure way to make sure you have it when you need it, yet so many of us waste it on things we want or spending too much on the things we need.
By cutting waste you're...
Financial planning isn't difficult, at least on paper. The tough part is starring into the openness of your life, the choices, the options, and deciding what you want badly enough to sacrifice for, then following through each and every day. Without a big why, and understanding the importance of personal finance one will struggle, so why not...
The definition of net worth has been debated and you'll often find many answers as you search for the meaning of net worth. The standard answer for net worth goes something like this:
"Assets - Liabilities = Net Worth"
The struggle comes in describing what an asset is and what true liabilities are. Is a house an asset, or...
If you're like me, you can't walk through Barnes and Noble without stopping by the personal finance section. When I stopped by the store earlier today I again, couldn't resist the tempting lure of personal finance books! There were literally over 200 books about personal finance and after flipping through a few I really started to wonder....
Creating wealth is far from rocket science, but it does take discipline, a consistent mindset, and the right set of knowledge. Although I can't instill discipline into anyone reading this post I can give some basic tips for creating wealth to set you in the right direction. If you'd like to create more wealth in your life...
Although it may not feel like it, the recession has been over for quite some time. In fact, 2011 has started off with a bang, the Dow Jones just crossed 12,000 and reached highs not seen since 2008, employers are beginning to hire, albeit slowly, but for many they're just not feeling the optimism that 2011 is starting...
People do stupid things with their money every day, these people act like money idiots.
Pretend for a moment that I'm your grandpa giving you sage, yet common sense advice. That advice would be
"Don't be an idiot with your money"
or just pretend that you're Dwight via the clip below.
A lot of people run into money trouble because they...
One of the first investing/business books that truly influenced me (I was in middle school at this point) was Robert Allen's Multiple Streams of Income. Robert Allen is a huge proponent of aggressively building wealth through business creation, real estate investing, and utilizing the power of the internet. Although many have mixed emotions about Robert's teachings I've...
