We’ve talked about passive income before. Now let’s get to work and start getting that big money wheel to turn your way. There are 3 things you need to do in order to start building your passive income empire: A . Educate Yourself Even if somebody offers you a “deal of a lifetime” don’t throw […]
What is Confirmation Bias and Why It’s Ruining Your Investments
Confirmation bias is a very important concept – especially for investors. It is the tendency you and I have to look for proof that we are right rather than look for the truth even if that means we are wrong. Along the same lines, that same bias leads us to downplay information if it is […]
Can You Make Deductible IRA Contributions?
If you can make a tax deductible IRA contribution, it can be one of the best financial moves available. Not only do you get an immediate tax savings, you also take advantage of tax deferred investment growth for years to come. What’s not to like? The question is – are you eligible to make deductible […]
How To Set Financial Limits With Others
You absolutely must protect your boundaries when it comes to your cash. If not, you won’t need to worry about what to do with your savings – because you won’t have any. Here is an e-mail I received. I wanted to share it with you and hear your reactions: “I have a 62 year old […]
Budgeting for Small Business Success Made Simple
No matter now small your business is, you’ll gain a lot by budgeting. When I started in business 30 years ago I didn’t pay much attention to my budget as long as I had a positive bank balance. That was a huge error. As a result of ignoring my budgeting I didn’t really know what […]
Before You Get Married – How to Have the Money Talk
Before you get married, talk about money. Forget the flowers. Think finances. According to Jeffrey Dew, assistant professor at Utah State University, you are 30% more likely to end up with a divorce if you and your spouse argue about money once a week or more. Hands down, money is the most important point of […]