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Showing posts from November, 2021

What Do Rich People Have That The Poor Does Not Have Apart From Money?

  What Do Rich People Have That The Poor Does Not Have Apart From Money?   The rich has money which the poor does not have but aside that, there are other urbane possessions of the rich that the poor don't have and I will just write on10 of such. The rich has money because they have learnt how to make money flow to them effortlessly but the poor would never know or do that These other urbane possessions of the rich include: 1.  Wealth Mindset The rich has learnt that his mindset is everything and thus he guards jealously never allowing weeds and negative thoughts to live therein and making every effort to avoid the victim mentality. But the poor has accepted his condition as his fate and thus makes no efforts to extricate himself from the poverty pool. 2.  Personal and Financial Discipline The rich has taught himself both physical and financial discipline. He does not speak out of tune, he has a cultured mannerism, is often courteous and humble. He also...

These Acts Will Help Improve Your Financial Health

  These Acts Will Help Improve Your Financial Health   The word "personal finance" describes how you manage your money and make financial plans for the future. Your financial health is affected by all of your financial decisions and activities. We are frequently directed by precise rules of thumb, such as "don't buy a property that costs more than two and a half years' worth of salary" or "save at least 10% of your income for retirement." While many of these proverbs are tried and true, it's also vital to think about what we should be doing in general to enhance our financial health and habits. We'll go over five major personal finance rules that can help you get on track to meeting your financial objectives. 1. Do the Math: Personal Budgets and Net Worth Money is received and disbursed. When it comes to personal finances, many people's knowledge ends there. Rather than neglecting your finances and leaving them to chance, a little math ...

3 Simple Little Daily Expenses That Can Cut A Huge Hole In Your Finances

  3 Simple Little Daily Expenses That Can Cut A Huge Hole In Your Finances   This morning, did you have a Venti Java Chip Frappuccino with an extra shot of espresso? Or did you opt for a lunch out during your workday instead of the branded jug of indulgence? The figures don't lie, no matter how little one of your everyday expenses appears to be. Every dollar you spent on a non-essential item increased your net worth — possibly more than you realize. Cutting modest spending is typically pushed as a popular approach to improve your money, but a closer look at how purchases build up over time illustrates why. The Latte Factor was introduced to the personal financial industry by David Bach, author of The Automatic Millionaire, more than a decade ago, but it remains pertinent in understanding the power of saves and compounded returns. This common piece of financial advice focuses on cutting costs today in order to have a better tomorrow. Remember that money is only necessar...

Do You Desire Financial Freedom? - Then Consider These Habits!

  Do You Desire Financial Freedom? - Then Consider These Habits!   Many people aspire to achieve financial independence aka financial freedom. It usually entails having enough savings, investments, and cash on hand to afford the lifestyle you choose for yourself and your family—as well as a growing nest egg that will allow you to retire or follow the vocation of your choice without being constrained by a yearly salary. Regrettably, far too many people do not succeed. They are beset by mounting debt, financial crisis, wasteful spending, and other problems that prevent them from achieving their objectives. Then there are unforeseeable calamities like hurricanes, earthquakes, or pandemics, which throw plans into disarray and reveal previously unseen gaps in their safety nets. Nearly everyone encounters difficulties, but these behavioural practices can help you avoid them. 1. Establish Your Life Objectives. In other words, create your life goals and plans to achieve ...