There is an old saying about want: once you stop obsessing about wanting something, you probably get it sometime afterwards. Most people just want to be rich. It takes more than want. You must be a prodigious accumulator of wealth as opposed to being an under accumulator of wealth. There is even a formula that can help you assess your
People usually say, “that’s easier said than done,” when they want something, but don’t want to sacrifice to get it. It takes time and the appropriate mindset relative to responsible personal finance to become wealthy. Over 26% of Americans are confident they they’ll become wealthy one day – they just don’t know how exactly. And, they’ve done absolutely nothing to
What comes to mind when you hear the word, “millionaire?” Do you think of working-class people vying to win $1 million on a game show? Or, of rich people in mansions breaking open Faberge eggs for breakfast? Well, achieving wealth isn’t about money, its about your mindset regarding money. That is the point of the 1997 book The Millionaire Next
Do you need a personal retirement advisor? We are always cautioned to be prepared for retirement. However, it’s an overwhelming and complicated process. If you are a civil servant, like a police officer or teacher for example, retirement plans and future pensions are built into the occupation. But for other occupations, many workers must plan on their own and
When we hear the term, “fixed income,” we usually think of retirees living out their twilight years on finite, modest and strategically balanced sources of income. The truth of the matter is that we all live on fixed incomes. Most people nowadays live paycheck-to-paycheck. All it takes is an unexpected layoff, reduction in pay, or a financial emergency to disrupt
My dream is to one day retiree in Asia. Depending on the country, the cost of living is astronomically in the favor of Westerners when it comes to currency exchange. Like the Philippines. One American dollar equals about 52 Philippine pesos. You can rent a safe apartment or condo for $300 to $500 a month. Philippine people are renowned
