Later as people drive down the highway of life, you hear them saying, “I would have, I should have, I could have.” As many wise people have said, “Hindsight is 20/20.” Rich dad said, “If you want to be rich, it is best to be farsighted.”
“I love market crashes.” Apparently not wanting to hear the rest of my explanation, the young man stomped off muttering a word that sounded like “moron.” I’ve covered this subject of booms, busts, and bubbles before in my columns and books, but since the world seems to be on the brink of so many different booms and busts, I think it’s a good time to revisit it.
For someone who wants to move into the B and I side of the quadrant they are motivated by a dream of financial independence and prosperity.They invest time and money now for an expectation of future income…passive income.
Even more than our education, our habits reflect our lives. Habits are very easy to develop and very hard to break, and once they’re developed, they control our behavior—sometimes in ways that we don’t even recognize. Often these bad habits lead to other bad habits. It’s a vicious cycle. For instance, many people want to […]
I agree that having a budget is an important first step to gaining ground in your personal finances. But having a budget alone won’t fix the underlying problems that most Americans have when it comes to money.
“Full-time professionals in other fields, let’s say dentists, bring a lot to the layman. But in the aggregate, people get nothing for their money from professional money managers.”