“Inflation is taxation without legislation.” — Milton Friedman. Inflation is like a sneaky leak in your financial boat. It doesn’t sink you right away, but over time it drains your purchasing power. To plug that leak and build real wealth, you need to focus on strategies and assets that can outpace inflation (or at least […]
Tag: Finance
Stop Wasting Your Money on Multiple Streaming Services
“Could I interest you in everything all of the time?” — Bo Burnham, Inside. In today’s world of endless options, it’s easy to feel like you need every streaming service in existence to keep up with the latest hits. This backfires by skyrocketing your monthly bill. Additionally, it causes analysis paralysis as you spend your […]
Insure Your Valuables
“Financial crisis is the moment of truth for real collectors and true artists.” — Victor Pinchuk. It’s normal to want to avoid thinking about disasters, but preparation is critical for such situations. Imagine a dazzling heirloom, a masterpiece of fine art, or a rare collectible vanishing in an instant due to a fire or flood. […]
Eat In To Save Money and Calories
“Life expectancy would grow by leaps and bounds if green vegetables smelled as good as bacon.” — Doug Larson. In a time when costs are going up at rates which far exceed salary increases, it makes sense to focus on cost-conscious decisions. Dining out is a great way to meet with friends and to get […]
Pay Off Your Credit Card Weekly: The Secret to a Better Credit Score
“Credit cards are like snakes: Handle ’em long enough, and one will bite you.” — Elizabeth Warren Credit cards can be awesome. Point accumulation can lead to “free” trips or money off purchases. They can also be destructive to your savings goals and Credit Score. It can be all too easy to spend more than […]
Generational Wealth Isn’t a Free Ride
“The finest inheritance you can give to a child is to allow it to make its own way, completely on its own feet.” — Isadora Duncan As current or future parents, you may be working hard to build up a nest egg just like your parents did before you. Not only to afford the essentials, […]
Anyone Can Become a Millionaire
“The only difference between a rich person and a poor person is what they do in their spare time.” — Robert Kiyosaki, Rich Dad’s CASHFLOW Quadrant It’s the American Dream: Stick to the grind, make good decisions, and retire a millionaire. The good news is this is very achievable. The bad news is that doesn’t […]
The Sure-Fire Way to Build Wealth
“If opportunity doesn’t knock, build a door.” — Milton Berle Building wealth takes time. Life costs money and, as your parents would tell you, money doesn’t grow on trees. Increasing your savings is a long game strategy. Depending on where you are in this process, it can come with certain challenges. Luckily, there is a […]
Succeed by Maximizing the In Between
“We must use time as a tool, not as a couch.” — John F. Kennedy We have previously pointed out once you spend time, you can’t get it back. Depending on the perspective, the same can be said for money. Once you spend a dollar, you can never get that particular dollar back. Luckily, there […]
Don’t Be a HENRY
“Do not save what is left after spending, but spend what is left after saving.” — Warren Buffet Spending money has never been easier. The entire premise behind online shopping is you see it, you like it, you buy it with one click. Add in the pressure to live up to lavish social media lifestyles, […]