5 Money Freedoms
Key Takeaways Money is just a tool, and you always want it working in your favor. Saving keeps you from making bad, hasty money decisions and gives you room to breathe and think. Be selective about your friends, embrace long-term planning, maintain positive cash flow and create a “money avatar” for yourself.
5 Key Principles to Business Success
Key Takeaways Each day in your work, try to attract new people, new resources, new capabilities, new opportunities and new money. Most successful entrepreneurs I know understand the importance of showing up, self-confidence, attitude, knowledge and transformation. For more about this topic, watch Simon Sinek’s video, How Great Leaders Inspire Action.
Good Debt—Bad Debt
Key Takeaways When it comes to taking on debt, always think about what it will give you in the end. Fund appreciating assets; don’t fund instantly consumed or depreciating goods. Credit cards are not evil if paid off in full. Loans for tuition, homes and businesses should help you build lifelong wealth if managed intelligently.
Cash Flow Clarity
Key Takeaways Saving first and spending second is the habit that financially successful people of all ages have in common. At the end of the day, cash flow is the difference between what you have coming in and what you have going out. You want positive cash flow at all times in order to obtain […]
The Elephant Rider
Key Takeaways Understanding the importance of emotion, structure and behavior is key to financial success. The older we get, the harder it becomes to change our ways–and that includes our money habits. In money, as with so many things in life, you need to combine motivation with the right direction and a clear path in […]
Structured Beauty
Key Takeaways If nothing else, young adults should understand their balance sheet, cash flow and taxes for a happy financial life. Remember to always save first, spend second. As you get older, your assets grow and so do your expenses. Never take your eye off the big picture (see the first two takeaways).
Subconscious Emotionality
Key Takeaways Research shows that 95 percent of our decisions are made with the subconscious rather than the rational part of the brain. With respect to money, you can’t change your behavior until you understand your emotional side. Emotion, Structure and Behavior are the three legs of the money decision stool. Get familiar with each […]
The 10 Essential Facts Affecting Your Future
Key Takeaways Money issues are tough for today’s young adults. It’s not your parents’ or grandparents’ financial reality, but there’s hope if you’re smart. Delaying marriage, home ownership and parenthood has benefits in the short run but can create retirement challenges down the road. Young adults know they need to be much more proactive about […]
3 Millennial Money Myths
Key Takeaways Position yourself as a “corporation of one.” It can be far more valuable and satisfying than simply getting a job. Credit cards and debt are not necessarily bad. You want to establish good credit now and show you can manage debt responsibly. Owning a home is not the American dream if it doesn’t […]
Stay Tuned In – Why?
Key Takeaways Your concerns, opportunities and capabilities will be addressed. Unlike older generations, you come from a sharing economy and you’re not afraid to seek advice about financial matters by referencing open forums. The Web offers tons of well-intended personal finance information, but it’s not all from reliable, experienced and trustworthy sources.