Having one income stream
When you have options, you feel more at ease Having multiple income streams is the most important money habit because it’s a different perspective You can build a side business,…
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Personal Finance
126 posts
Spending time to save pennies
Everyone needs to put a dollar value on their time and use that to make decisions For example, if you value your time at $300 an hour, do you really…
Borrowing money for liabilities
If we need to borrow money to buy a car or other consumer goods, you are making a financial mistake Try to live below your means
Mindless shopping
If you’re getting bored, you probably have a consumer mentality – spending money on things that make you happy isn’t always good for you Instead of relying on consumerism for…
Using a credit card as a loan
Here are several ways to get out of debt: Assess your financial health; see where your money is coming from and where it’s going; Negotiate lower interest rates with your bank/credit…
5 Destructive Money Habits to Quit Today
If you’re bleeding money, you won’t get any wealthier. So to get in better financial shape, give up your destructive money habits first. That alone will help you to stop…
Movement is Life
All living things, including humans, are energy-processing units. We process food so we can power our bodies. Processing energy lets us not only survive on earth but also live a…
Rule No. 2: Start investing in experiences early
The main idea here is that your life is the sum of your experiences. This just means that everything you do in life—all the daily, weekly, monthly, annual, and once-in-a-lifetime…
Consumption Smoothing
Our incomes might vary from one month or one year to another, but that doesn’t mean our spending should reflect those variations—we would be better off if we evened out…
Rule No. 1: Maximize your positive life experiences
Death makes us more aware of the limited time we have in life. It’s rational to delay gratification to some extent, but too many people delay it indefinitely, saving money…
