Wealth Building Information


Personal Finance Rules to Building Wealth


Key 1 Pay your self first

key 2 Saving is not a punishment. Its making choices about how you'll use your money.

Key 3 Financial sucess involves hard choices. Be prepared to make them.

Key 4 Make a budget and stick to it.

Key 5 Future financial independence is worth present sacrifices.

Key 6 If you cant afford it pay cash, pass.

Key 7 Communicate with your creditors, especially if you are going to be late with a payment.

Key 8 As soon as expenses rise to the level of your income, trouble is not far behind.

Key 9 Self-discipline is the key to any sucessful financial program.

Key 10 Balancing your checkbook with each statement is essential. It costs only 15 minutes a month and is one of the best investments you can make.

Key 11 If you dont know where your money is going, you cant decide where to spend it.

Key 12A penny saved is a penny earned.

Key 13 You never know whats going to happen. Tuck away an emergency fund of at least 3 months.

Key 14 Save at least 10 percent of each paycheck.

Key 15 Beware of small expenses. Each muffin and cup of coffee on the way to work adds up over a years times.

Key make a list your basic, essential living costs and add them up to get a real picture of what you need to cover your monthly nut.

Key 16 Avoid the temptation of buying more than you need just because its a good price. You cant afford the savings.

Key 17 If you have multiple crdit cards, pay down your highest intersts cards first.

Key 18 Paying at least double the minimum required each month will show progress.

Key 19 Re-evaluate your personal budget at the begining of every year and adjust where needed.

Key 20 Teach your children how to save.

Mike Magana is a personal finance coach that helps families in reducing their taxes, getting out of debt, and controlling there living expenses. Please reach me at personalfinancecoach@yahoo.com for any comments.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


WV News

'Community Wealth Building' opportunities available in new year
WV News
“(There were) some different ideas of how we can use what we have out here — our strengths — to continue to build on them, and to keep wealth building within our communities, rather than the wealth leading our communities,” Bristow said. Mike Battle ...

and more »


My Top SWAN Pick For 2018: Tanger Is A Wealth-Building Machine
Seeking Alpha
Tanger remains an industry leader that strives to provide superior experience to consumers, retail-partners and shareholders. Tanger has honed this skill over many years and has developed a reputation in the retailer community for being a marketing ...



See It Market (blog)

A Real Gauge For Investment Benchmarking & Wealth Building
See It Market (blog)
The New England Patriots are the winningest professional football team of the new millennia. While we could post a long list of reasons for their success, there is one that stands above the rest. In a recent interview, Patriots quarterback Tom Brady ...



HuffPost

Honoring Dr. King by Addressing the Racial Wealth Divide
HuffPost
Minneapolis, Minnesota: African American Financial Capability Initiative (AAFCI) Community of Practice is hosting a community event, The Color of Money: Bad Credit, Wealth and Race, on January 18th to share knowledge about how systematic barriers and ...

and more »


MilTech

7 Steps to Accelerated Wealth. A Fast–track Introduction to ...
MilTech
This is an enlightening book. I only wish it had crossed my literary menu 10 years ago. I would have been much the wiser and wealthier. Ian Leslie Corporate communicator and broadcast journalist. Want to learn how to use property to make $1 million ...

and more »


BizNews

Trump's aggressive corporate tax cuts: The start of a global wealth-building trend?
BizNews
EDINBURGH — Debate is raging in the US over whether Donald Trump's aggressive tax cuts will help or hinder the average American. There are statistics to present the case for and against the long-term benefits, depending on who is analysing the tax ...

and more »


BizNews

Meet Fraser Perring, short-seller who exposed Steinhoff and has ...
BizNews
Fraser Perring, the mysterious short seller who flagged financial irregularities dogging Steinhoff, has stepped out of the shadows.

and more »


BizNews

The Ramaphosa Effect: Rand could strengthen to R10/$ as it hits 'golden cross'
BizNews
JOHANNESBURG — Apart from Bitcoin, the rand is probably among the world's most volatile currencies. Last year, analysts threw around predictions that a deteriorating political climate would send the currency hurtling toward the R20/$ rate. But that ...

and more »


Allstate and Allstate Agencies Seek to Bring 800 Jobs to the Southwest region
PR Newswire (press release)
"Allstate is a trusted brand and an excellent wealth-building opportunity for a small business owner. We are unique among all other insurers because the agent owns the economic interest in their business," says Wise. "Allstate agents can sell the ...

and more »


BizNews

Magnus Heystek: How to grow your wealth in 2018 – avoid Top 40 and head offshore
BizNews
EDINBURGH — Magnus Heystek, a financial journalist, businessman and financial advisor, isn't afraid to say it as he sees it. Periodically he comes under attack from individuals with vested interests for his views on where to invest and, perhaps more ...


Google News

home | site map
© 2007