Tag: saving
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Christmas Shopping Blues: Money Saving Tips
Christmas shopping is in full swing, and for many, a season to loosen the belt of financial discipline and spend deeper into debt. Like food, eat now and worry about the extra fat later.
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How to Manage Your Money Better
Getting better at managing our money is a goal we all desire. Trying to achieve it without changing our mindset is a hit-and-miss. Learning ‘how to’ do something does not automatically give you the ability to keep doing it until you get the results you desire. If what you are doing is not sustainable, you…
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Put your financial independence plan on auto pilot
You will not get sustainable results until you take consistent action. It is very easy to give up when we don’t seem to get results. It takes a while for the results we desire to show up, including building a robust stream of passive income apart from the wages from our day job. You need…
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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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Acquire Assets First, Before Liabilities
If you want to stay on top in the game of money, you need to acquire assets first before liabilities. Assets put money in your pocket while liabilities take money away from your pocket. You want to go for what puts money in your pocket first before going for what takes money away from your…
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Saving With a Mission
Almost anything that starts out without a mission or purpose is doomed to failure from the start. Deep down, we all know we need to put some money aside for the future. Many have attempted to do this but met with failure time and time again. Many have resigned to buying stuff they think are…
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Why is it so Hard to Save?
Saving and losing weight seem to have a lot in common. They are both usual suspects when it comes to who makes the typical New Year’s Resolutions list and though most desire it, achieving it seems like rocket science sometimes. Why is it so hard to save? Have you put money aside for the rainy…
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You Are Self Employed
It may come as a surprise to many that we are all self employed. Very few people realize this until after retirement, when they scramble to get their act together and learn new tricks in old age, or after a job loss. For many, the outcome is catastrophic financially – the retiree and his gratuity…
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Money is A Mind Game
How you handle money, not how much money you have determines your financial situation. If you spend everything that comes in, no matter the increase, you will always end up with nothing. There are three sets of people when it comes to spending your income a) Those who spend less than they earn. These are…
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How to Turn Your Finances Around
It is easy to feel trapped if your finances seem to be heading nowhere. When you are so used to being always broke a week or two after payday, living from paycheck to paycheck or hand to mouth so to speak, you may be trapped in the thinking pattern that nothing is ever going to…