Albert Einstein was an absolute genius. He described compound interest as “the eighth wonder of the world…He who understands it, earns it … he who doesn’t … pays it.” Compound interest is the most essential money lesson you’ll ever learn. Period. Read this post to see why it’s so important, and how it impacts your money – in both of good and bad way!
Budgeting. The word makes people cringe. They don’t want to think about it, talk about it, much less learn about it… even if it’s one of the best things to improve your finances! I have to be honest though – if you see budgeting as restrictive, I think you’ve missed the point. You see, budgeting isn’t intended to be a set of hard rules. It’s supposed to be a personal map that leads to more freedom not less.
The stock market can appear quite intimidating. It’s difficult to know where you should be investing your money. One of the best types of investments are dividend growth stocks. They’re great because they reward you as if you’re an owner, provide balanced returns, and enforce a “set it and forget it” type mentality.
Information is everywhere. It’s on your laptop, it’s pushed to your inbox, and it’s even sent in real-time through alerts on your smartphone. But is there such a thing as too much? So much so that it becomes noise? For investors, access to information is a double-edged sword. Nothing beats applying a consistent long-term approach to investing. Learn how to stay focused, and drown out investing “noise.”
No more excuses! After reading this post you’ll be convinced in the power of investing early (or starting today!) Whether you know it or not, you’re always making financial tradeoffs when you choose to buy something or save your money. Set yourself apart by thinking beyond today and saving/investing regularly.
Just about every other goal starts with a plan – your finances should be no different. Better saving starts with better budgeting (and budgeting discipline!). The best budgets are simple, realistic and plan annually, not monthly. Most people agree on the first two, however the idea of planning annually is pretty unique. Personally, it’s helped me to increase my savings by almost 25%. Learn how to save more by creating a good budget.
What type of mindset do you take on when you’re investing? I’d argue the best way to invest is by thinking differently, particularly like an entrepreneur. You should make decisions with a long-term mindset and use your expertise to your advantage! You certainly shouldn’t be gambling with your money! Learn how to invest better by changing your mindset and thinking like an owner.
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