Save First, Spend Second
Key Takeaways If you want to build wealth successfully, you need to save first and spend second. The rule of thumb when it comes to saving is to save about 15%. If you spend first, you can get used to the niceties in life, and then it can be very hard to have to go […]
Time is Money
Key Takeaways Many times, we look at the cost of something and don’t think about the implications of what that cost can do to help give us our time back. You might have the opportunity to work a few more hours, do a side gig, or do something else to help earn that little bit […]
Half the Clothes, Twice the Money
Key Takeaways When we get ready for a vacation, we typically pack too many clothes and don’t budget enough money. When we make big purchases, we tend to forget all the associated costs that come with buying the item. If you plan in some extra money beyond the main cost of what you are purchasing, […]
Going Once! Going Twice! Sold!
Key Takeaways There are a lot of emotionally driven triggers out there to buy things we may not necessarily need. Before making a big purchasing decision, ask yourself a few questions to determine if you really need it, or you just want it, and how the purchase will affect you and others. It’s important not […]
The 4 Key Habits
Key Takeaways There are 4 key habits you want to practice that will help you in all areas of life, but especially in your job. These 4 habits are showing up on time, doing what you say you are going to do, finishing what you start, and saying please and thank you. Practicing these 4 […]
Finding Your CAT
Key Takeaways When we first start off in life, we don’t always have the money right away to pay for financial services. Building yourself a CAT, or Collaborative Advisory Team, can help you get the financial services you need. As your wealth grows, so will your CAT as you continue to add other financial professionals […]
Confirmation Bias
Key Takeaways Confirmation bias can be an easy thing to fall prey to and happens often when it comes to investing. There are three things to prevent you from succumbing to confirmation bias: take a second look, seek expert advice, and know your risks.
The 3 by 3’s of Progress
Key Takeaways When we get distracted from our goals in life, it’s important to have a system to help us continually progress. There are three simple sets to use to help you progress: Goals, Types of Days, and Action Items. When tackling important items for the day, always start with the hardest item first thing […]
A Tale of Two Monies
Key Takeaways In 2009, a new form of currency called cryptocurrency was created, and Bitcoin was the first of its kind. Cryptocurrency is a digital asset medium of exchange that is private, decentralized, and controlled by the number of units that are created. Unlike traditional forms of currency, cryptocurrency works like a commodity in that […]
Money’s 4 Corners
Key Takeaways There are 4 money corners to think about: save, spend, tax, and invest. If you save 15% of your income first, then look at spending on your needs, then your wants last, you will be in good financial shape. Diversifying your investments will ensure you are able to better handle an economic downturn.