Tag: interest
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Achieving Financial Independence: the power of Momentum
Habits are such a powerful force. According to a quote by John Dryden – “We first make our habits, and then our habits make us.” Your habits can predict where you will end up if you keep going the way you are going. This holds true in every area of life, every goal we set…
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Should I Borrow Money to Friends?
One of the questions I get asked often is whether to loan money to friends. The reality is that no one answer fits all situations. While it is very tempting to tell you what I think, I will lay the principles and allow you to make up your mind. The fact is that money and…
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Baby Steps to Multiple Streams of Income
Attempting to create multiple streams of income when all you are used to is one income source can be a scary proposition. It is tempting to attempt a big leap and get something meaningful, compared to your current salary. That is a common mistake. You need to start with baby steps, doing what you know…