For years I struggled to get by financially. Different things always seemed to be holding me back. These things would bug me, to the point where I couldn't take it anymore, and I had to figure these things out. It became my all-consuming top priority. Eventually I identified a few basic principles and, using them, was able to become financially independent. Inside are the simple lessons that my knowledge and experience have boiled down to.
Personally, I believe the ONLY long term debt help solution is to increase your financial education. When it comes to getting yourself debt help, your greatest asset is time. The greatest investment you can make is to invest your time into increasing your financial education.
When it comes to money, wherever you stop learning, you stop earning. See, it does not take money to make money...it takes knowledge and experience to make money. The more knowledge and experience you have, the less money and risk are involved.
Most people are discouraged from taking control of their financial situation because they believe it is too complicated for them to handle. Nothing could be further from the truth! This is a perception encouraged within society to help keep you in your place. The first step is to believe you can do it.
The next big spot where many people fail...they do not find the right information soon enough. This becomes another group of people who end up discouraged. In our schools today, you will learn reading, writing, math, and science, but you will never be given a financial education. You might get a lesson on how to balance a checkbook, or how supply and demand work, but you will never be given the right information...the simple lessons that could change your financial position for the rest of your life.
These restrains can all be overcome once a couple of very basic lessons about money are understood. One must understand the difference between earned income, portfolio income, and passive income. You must understand the importance of your cash flow. Finally, you need to understand how your focus and goals determine how these things relate to your own financial situation. Remember, if you do not have a plan to become wealthy, you are planning to be poor.
Cultivating Savings: The Financial Benefits of Organic Gardening
Organic gardening is not just a hobby; it's a cost-effective strategy for reducing your grocery bills while contributing positively to the environment. By managing your garden organically, you can cut down on expenses for fertilizers, pesticides, and even water. This article delves into the practical ways organic gardening can be both a source of fresh produce and a means of financial savings, with a focus on the effort involved, the potential savings, and the long-term benefits.
A Look at Risk Versus Reward
You risk very little by keeping a "safe, secure" job, and you are rewarded very little by the time you retire. Perhaps the greatest risk to your financial health is your plan to have a "safe, secure" job, work for earned income for 40 years, and save for your retirement.
How to Tell Good Advice from Bad Advice
Through our lives, we get our advice from many people...our parents, our teachers, family and friends...but how many of these people are wealthy? The advice you receive has a cash flow pattern, and it follows the cash flow pattern of the person from whom you receive it. The better you know the fundamentals of money and personal finance, the easier it will be for you to tell good financial advice from bad.
