Make more money and income 2

Income 101: How to Make More Money

Income is probably near the top of many people’s lists of the most important things in life. The problem is that most people do not use it properly or make enough to live comfortably. This mistake could be from a lack of income or the amount they spend. The amount of money that you spend has a lot to do with how you utilize your income. Let’s use an example. Person 1 has an income of $30,000 and person 2 has an income of $100,000. You would rather be person 2 right? Not so fast… Person 1 owns a used...

saving money to get rich 0

Saving 101: How to Master the Art of Saving Money

Saving money is something that everybody knows they should do, but only a few do. You may have been told by your parents or grandparents to save your money when you were young. They try to tell you that it will gain interest and compound over time, but you never saw results other than a measly 6 cents earned every month. Savings accounts, in general, are not what they used to be, which was a mechanism for earning money. If you are banking with a big bank, you can expect much less than a 1% interest rate. Luckily, some high-yield...

Investing and Growth 0

Investing 101: How to Learn and Start Investing

Investing is the most important aspect of building wealth. “It is through investing that one acquires assets, and through assets that one acquires wealth.” Wealthy Whisper Investing is something that even the uneducated can do with little money. It is the way to make money work for you so you can reap the rewards while you live a busy life. To make it plain and simple, you need to invest your money. Whether it be 1% or 25% of your income, it all matters and adds up. Most wealthy people have made their fortunes through investing; whether that be through...

Burning Money Debt 0

Debt 101: Eliminating and Staying out of Debt

As we like to say, debt is the devil. Debt can be the ultimate menace in your wealth-building journey. We do not care if your savings account is earning 7% interest; your debt will find a way to destroy you financially. One of the biggest influences on building wealth and financial freedom is eliminating and staying out of debt. If we look at the net worth equation: Value of Assets – Value of Liabilities, we can see how detrimental debt can be. First, we will look at assets (anything that you can consider to be making you money). We will...

Budgeting Diagram 0

Budgeting 101: How to Create the Perfect Budget

Budgeting is the most important practice for your road to becoming wealthy and financially free. A budget is a money management system that will help you to optimize your spending, save money, and productively use every dollar. In essence, a budget will put you in charge of your finances. Budgeting should not give you a scary thought or be extremely time-consuming. It is almost effortless, and it works wonders on relieving financial stress. Creating a budget has many financial benefits: Saving more money Knowing where you can cut spending Creating goals for each dollar you earn Minimal to no financial...

Steps to Wealth 2

10 Realistic Steps to Becoming Wealthy

Becoming wealthy is something that almost everyone wants to achieve in life. It enables you to live comfortably, become financially free, and even retire at a young age. The basis of becoming wealthy is increasing your assets while decreasing liabilities. The following is the equation for net worth (the measurement of how wealthy you are): Value of your Assets – Value of your Liabilities. Becoming wealthy takes a lot of hard work and practice, but it is by no means unachievable. Even beginners in finance can achieve this ultimate goal with a little education. Here are the ten steps that...