How to Budget: Even the idea of “budgeting” can be daunting for some. It’s recommended to track your spending for one or two months before compiling your budget. You will have a clearer idea of your various incomes and expenses and be ready to present them clearly. Be aware that seeing the numbers laid outContinue reading “Budget Basics.”
Tag Archives: finance
The 80/20 Rule.
The 80/20 Rule also known as “Paretos Law” explains that twenty percent of the people will own 80 percent of the income and wealth in any economy, at any time. They say this rule equally applies to wealth building… 20 percent of wealth creation is about making plans and taking action. The other 80 percentContinue reading “The 80/20 Rule.”
Wealth, Goals & Net Worth
With 4 months left of this year, we ask ourselves…What have we achieved financially, so far this year or this month? What have we achieved TODAY? Review: Businesses have quarterly financial statements to share the highlights, challenges and goals faced by the business during that period… We can adopt the same practice and consider ourContinue reading “Wealth, Goals & Net Worth”
Why begin a Journey to Wealth? •What is your definition of a dream life? •What will bring you freedom to live your dream luxury life, without actively working? Or give you freedom to live a simple life wherever you please without actively working? •What will bring you security, pay for expensive healthcare for yourself andContinue reading “Wealthy”