Posts tagged as:

Building Wealth

What is passive income & why you should care

11.14.2009

Creating passive income is no get rich quick scheme. While it can really help you simplify your life by helping your personal finances, it still takes time and work to establish solid income streams. If managed properly, the income generated from these types of sources are well worth the effort.

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How to pay off your mortgage early (4 methods)

10.28.2009

These are 4 simple ways to pay off your mortgage early!

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Is the 401k a bad idea?

10.27.2009

This week Time Magazine had a thought-provoking article titled Why it’s time to retire the 401(k). The article is pretty long and detailed and as you would expect it points out many of the flaws of the 401(k) and argues that for many people it is doing more harm than good.
History of the 401(k)
The article [...]

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Dreaming of winning the lottery? It’s a No-win bet!

08.24.2009

This article was written by Joe, a financial counselor, has been a newspaper money columnist for nearly three years. He started his blog, Personal Finance By The Book, in July, 2009.
Playing the Lottery is a No-Win Bet
The Tortoise and the Haire All Over Again
A few months ago I watched a TV “reality” show which featured [...]

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6 financial goals for 20-somethings

02.28.2009

They suggest that by the age of 30 we should… Scale back on credit cards – Living the “excess” lifestyle should change as we mature. Own a home or have a plan to – Investing in your home is still a good idea – especially now. Have career skills developed – Have a marketable skill in case of job changes.

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Becoming a Millionaire God’s way – Book Review

12.09.2008

This is my review of Thomas Anderson’s “Becoming a Millionaire God’s Way”. I just finished reading Thomas Anderson’s “Becoming a Millionaire God’s Way”. I don’t actually remember how or where I heard about it, but somehow it found it’s way into my hands. Anyway, if you have been around ChristianPF much you know that I don’t subscribe to the theory that poor Christian’s are holier than wealthy ones.

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Interview with a millionaire

09.11.2008

So, if you want to learn how to build a chair, you should go ask a chair-maker how he does it. If you want to learn how to become a millionaire, you should ask a millionaire how they did it.

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About the lives of millionaires

08.21.2008

In the recent issue of SmartMoney Magazine they have an interesting article titled, “10 things millionaires won’t tell you.” I actually disagree with some of the points, but lets get on to the list… These are the 10 things that SmartMoney says millionaires won’t tell you… 1.You may think I am rich, but I don’t…

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Quit spending (Part 4)

08.04.2008

Getting out of debt part 4…Getting out of debt, creating wealth, living financially free, retiring with cash in hand can all be achieved by following one simple rule: Spend less money than you make.

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12 pieces of the best advice about money, life, and business

07.29.2008

Sometimes when someone gives you a piece of advice, it just resonates and almost creates an imprint in your mind. I know I have gotten some advice that even though I didn’t want to hear or believe, I just couldn’t shake it because deep down I knew it was true.

The recent issue of Money has a great article with over 30 well known people contributing their best pieces of advice they’ve received. I really agree with a whole bunch that were listed. And these are my favorites….

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Getting out of Debt (Series)

07.26.2008

Are you looking for help getting out of debt? …Over the last 2 years while working to get out of debt, we have paid off nearly $30,000 in consumer debts from some mistakes that we made in the past.

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Seth Godin’s one piece of financial advice

06.24.2008

Seth Godin, one of the premier marketing gurus of our time, recently wrote a post for “college grads or just about anyone.” I have read a few of Seth’s books, including a personal finance book he wrote, and have always had a lot of respect for him. He is a great marketer, but more importantly he really seems to be a honest guy trying to do the right thing. He has taken the long-term approach to doing things and it seems to have paid off for him.

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Paying off loans or retirement savings

06.11.2008

My student loans were locked in at about 3%, but I don’t think rates that good are available today. I assume a 10% return on my retirement savings, so even if you are paying 5% on your student loans and earning 10% (or even 6%) you still come out ahead. Mathematically, this seems to be the much stronger answer. However, Dave Ramsey’s method -based on our behaviors rather than math, would eliminate any and all debts before investing for retirement.

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3 tips for new college grads

05.20.2008

“Make it a habit to have more money coming in than going out. You may need to drive the clunker a bit longer or postpone that trip to Europe.” Good advice. It is the simple 3rd grade math problem that is the ONLY way to wealth. If you can start the habit now, you will be in great shape for the rest of your life. If you don’t, you will have to face the music sometime and the longer you wait the more difficult it becomes.

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