Cashflow Game Popularity Worth It? The Cashflow game is an incredible game made by the Rich Dad, Poor Dad brand that exemplifies the principles found in the book. It combines aspects of nostalgic games like Life and Monopoly, but relates them directly to real life. Using strategies in this game […]
money
10 posts
Control Your Spending Creating a budget is one of the pillars to creating a solid financial foundation. It is recommended for anyone who is trying to have savings goals, reduce their spending, or just awareness of how your money is flowing. If you have never set up a budget, you […]
We Consider Opportunity Cost Every Day So many times you have weighed options in life that came down to what option has more benefit. This could be a choice in buying cars, investment decision, or whether or not to go to the park with your kids. You’re constantly having to […]
Capital Gains are Gains Capital gains is a topic that is important for anyone looking to grow their wealth. Understanding the two can be the difference between paying 32% or 15% on your income. This is especially important when stock trading. If you trying to buy and sell within a […]
Investing in Stocks Alright! So you have solidified your financial foundation, understand how credit works, and are now able to invest in yourself. Congrats! This is a huge accomplishment. With your “expendable” income, you want to invest in the stock market. But now you’re probably wondering how do you do […]
Make Money! I frequently say that I don’t spend money unless I’m making money. This is done by using my credit cards to earn points when I spend money in my everyday life. The money can then be used for travel, dining, gift cards, or, as I prefer, cash back. […]
Double Your Money As we talked about in the post on compounding, higher interest rates will give you a bigger rate of return (ROI). Fortunately, the Rule of 72 paved the way to determine how long it will take for your money to double with a set interest rate. Of […]
Financial Foundation to Start Your Path Financial foundation building starts with getting control of your accounts. I accomplished this by creating an artificial zero in my checking account, moved my money to online savings accounts, set strict budgets, built credit, and eliminated bad debt. The following guilds will help you […]
Understanding Mutual Funds Mutual funds are a great way to invest in markets with a more hands-off approach. Unlike individual stock trading, mutual funds provide company diversification in markets that you are familiar with. With hundreds of funds to choose from, all you need to do is research, purchase, and […]