Everyone knows Warren Buffett is one of the richest people in the world and the greatest investor of all time. What few people know is that he is also a master of his personal finances. He is an unusual billionaire as he has always enjoyed intellectual pursuits over material possessions. He prefers simplicity and an […]
15 of Warren Buffett’s Smartest Frugal Living Habits Read More »
School focuses on teaching reading, writing, and arithmetic primarily. How money works is rarely a topic for teaching or discussion. Too many students leave school with no understanding of personal finance, investing, or business and it shows. If a student is lucky they may get a home economics class to learn how to manage a
Escaping the Rat Race: What School Failed to Teach You About Money Read More »
In the United States there is high diversity between different so-called classes of people and their net worth. This is purely based on their finances and how much they have in assets, investments, and cash and not reflecting on how hard they work or how much value they add to the economy. The net worth
Net Worth To Be in America’s Upper, Middle & Lower Class Read More »
Too many people are never educated about money and how it works. Sadly, many people think that wealth is achieved through inheritance, support of a rich family, luck, greed, or fraud. The school systems around the world train employees not entrepreneurs. Starting your own business, investing, and pursuing financial freedom is seen by most as
Untold Truth About Money: How to Build Wealth From Nothing Read More »
The first things that the middle class must understand about millionaires is that their millionaire status is measured in their net worth not their annual income, and most of them pay their bills through cash flowing assets not a pay check. The majority of millionaires have multiple streams of income and are diversified in their
7 Types of Income Millionaires Have (How the Rich Make Money) Read More »
Minimalists are people that enjoy having the bare minimum of things in their life. They love an easy life that’s focused on doing what they love. They don’t feel like it’s a sacrifice, they hate clutter, wasting time, the upkeep and maintenance on cars, homes, boats, motorcycles etc. They like living spaces that are easy
Minimalist Approach to Personal Finance Read More »
Roth IRAs and traditional 401K accounts are designed to enable people to save money in investment accounts by offering tax advantages. These retirement accounts were meant to replace the defined employer pension plans of the past. With a pension plan an employee received a defined payment every month from their employer based on years of
Becoming a Millionaire: Roth IRA vs 401K (What makes the most profit) Read More »
Becoming a millionaire doesn’t happen randomly or by accident, there are specific skills that enable millionaires to build their net worth. A self-made millionaire is someone who has the skills to build a stock portfolio, real estate portfolio, crypto portfolio, or business that’s worth seven figures. This type of success doesn’t happen by accident and
11 Skills that Millionaires Master Read More »
There are many levels of personal finance with the lowest levels being broke, being deeply in debt, and bankrupt. Being bankrupt means you can no longer pay your debts and must seek the courts protection and settle with your debt collectors. Being deeply in debt means that all your earnings go to debt payments each
Reasons Why Most People Are Broke (Must Read) Read More »
There are rules for making money, losing money, holding on to money, and growing money. There are principles for practicing medicine or law and a framework of rules for success, the same applies to finance. There are strategies for winning at sports or in business and there are also ways to win at money. Here
The 20 Rules of Money Read More »
