Knowing the various types of income is important.Too many times we think of income just in one big lump category of "income."However, there are actually three types of income sources you need to know about.Have you ever considered that?Simply put... the more types of income you have, the greater your freedom.If you want to become more savvy with your money, then keep reading. … [Read more...] about Three Types of Income Sources You Need to Know About
Financial security. Financial freedom. Financial independence.
All various terms of reaching a place where being a slave to money is not needed to various degrees.
Many times financial freedom and financial independence are intertwined.
However, many times, we get lost in the details. Too much overwhelm to move forward. We become paralyzed before we even try to move.
This one book is a game changer for many. It is laid out simply. Easy to understand.
Straightforward to follow.
Separate bank accounts is so helpful with managing money.It helps to divide up money for certain purposes and not accidentally used.It is a great budgeting trick! Probably my favorite one :)This is helpful for people prone to overspending, turning to debt first, or those just needed money out of their main bank account.The questions remains... how many bank accounts should I have? … [Read more...] about This is the Simple Answer…How Many Bank Accounts Should I Have
Living below your means is simply you have money left over at the end of the month. You're not overspending money you don't have. You are living within or below the monthly income.In all honesty, you are living differently than 95% of people.It is possible to live below your means. The choice is yours on how to spend your money. Are you going to build a strong foundation with money? Or are … [Read more...] about How to Live Below Your Means and Love Life
The mind is a powerful thing. Yet, as humans, we take for granted everything the brain is capable of doing. Many of the brain functions happen automatically without any instruction from us. (Which in reality is a really cool thing.)However, the mind is capable of listening to how the feelings of the person and reacts according.Recently, I was introduced to the work of … [Read more...] about With the Right Money Mindset, Go from Broke to Rich
Job loss. Medical diagnosis. Cross country move. Natural disaster.These are big unexpected life events that rock your world and can wreak havoc on your personal finances if you are not prepared.This are big life events - much bigger than a simple and smaller events.That is where a rainy day fund or money set aside in a big expense fund comes into play.A rainy day fund can weather … [Read more...] about Breaking Down the Purpose of a Rainy Day Fund
Living on one income in a two income world. It is hard to overcome the emotions and the feelings of living with less money. However, it doesn't have to be that way. It is easy to thrive when living on one income.But, life is about happiness - not money. Money doesn't equal happiness. So, in the end, you don't need more money in your life. Just to be purposeful … [Read more...] about How to Thrive When Living on One Income