To grow your wealth, you need to become knowledgeable in a number of different financial areas. To not be educated in the basics will cost you in the long run. It is not that you need to be an expert, but one must understand the simple concepts in personal finance. The following is a high-level education to put you on the path to master basic finance. Begin with these concepts and grow from there. Learning should be a lifelong endeavor. If you stop learning, you will fall behind as the … [Read more...] about Follow a Budget, Increase Your Financial Knowledge
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Following a Budget Formula to Achieve Financial Success
Who likes to budget? Why should you budget? Budgets are for chumps. Budgets are restrictive. It’s my money, I earned it. Are these all the things that come to mind when you hear about budgeting? If so, you need to rethink those preconceived notions. Budgets actually set you free. A budget is a plan – a plan for your money! You have a plan for vacation, your kids’ college and other major life events. So, let’s discuss a plan for your money. In this article, we will look at a budgeting … [Read more...] about Following a Budget Formula to Achieve Financial Success
Using the Three Bucket Retirement Strategy
After many years of hard work and diligent saving for retirement, many struggle with the fear that they will outlive their nest egg. Or, perhaps worse, that the financial systems will collapse. So what does one do? Plan! It is my belief that the Three Bucket Retirement Strategy will both guard against adverse market conditions and grow your nest egg so that your money will outlast you. Laying the Groundwork Before the Three Bucket Retirement Strategy can be implemented, you will need … [Read more...] about Using the Three Bucket Retirement Strategy