Managing your money takes time, effort, initiative, and more than a little knowledge, but the most important aspect to successfully manage your personal finances is ATTITUDE. What is the proper attitude to have? I think it’s one that fiercely guards
With the onset of the Holiday and Christmas seasons, it’s easy to focus all my thinking on shopping for gifts, going to parties, baking (and eating!) cookies, the hustle and bustle of Black Friday, and spending time with family and
Tweet Of course, that depends on which side of that 36 percent you’re on, right? If you’re paying 36 percent interest on a loan of any type, you’ll find it very difficult to ever repay it by making only the
Decision making is a process, meaning there is a definitive sequence of steps to go through to arrive at the result. When it comes to making wise decisions, particularly decisions involving money, I’ve found myself frequently falling into three common […]
Whether living paycheck to paycheck, knowing that just one more payment would be the final straw, or having nothing in a savings account or emergency fund, moving back away from the edge begins with knowing how close you really are. But what are the things or situations that pull people to the edge of a financial cliff in the first place?
Tweet Athletes set goals to win their competitions. Sales people set goals to close sales. Politicians set goals to get votes. Students (hopefully) set goals to get good grades. CEO’s set goals to increase revenue. What personal financial goals have […]
What are the external threats to your finances? Since the health of our personal financial world is dependent on increasing income and decreasing expenses, it makes sense to look at those two areas for threats.
Opportunities are external. They’re something that can occur in the future. They are something that you’re NOT doing right now. MBA’s think of opportunities as “outside conditions that help to achieve the objective.” The key for us is to identify and exploit from each opportunity that’s out there to help us achieve our objective of financial security.
In physics, there are 6 simple machines that help accomplish work through the application of a single force. I was struck by how different financial tools nest