Before you get started you must first find a reason. This is because if ever things don’t go your way, it is your reason that will keep you going. One of the reasons I started this blog was to educate people about money. This is because I care a great deal about people, and like […]
In December 2012 I had to make a choice. The choice was should I go in debt to pay a semester in college or should I go in debt to pay for a course in technical analysis. That day was a critical moment in my life because I was entering another semester in school. But […]
There are many misconceptions about credit scores out there. There are customers who believe that they don’t have a credit score and many customers who think that their credit scores just don’t really matter. These sorts of misconceptions can hurt your chances at some jobs, at good interest rates, and even your chances of getting […]
In order to understand the financial standing of a company you will have to consider its balance sheet. That again determines the value of the business. In addition to the balance sheet, you will also be required to consider the assets and liabilities of the business, the current ratio of the company and so on.
Today many people believe President Obama is the most powerful man in the world. Lacking financial education they think like the norm and fail to understand what true power is. True power is the ability to affect anything and almost everything around you. It’s the ability to shift lives let alone money changing the direction […]
When I was young I remembered always being curious of networks. My first encounter with networks was television, later came the radio.
Being young, I remembered asking questions such as, who owns television networks? or who controls radio stations? Of course you might have guessed no one around me knew the answers to these questions, so I took it upon my self to research their answers.
Whenever I hear someone say investing is risky, I know they don’t understand infinite returns.
I also know they are one or more of the people below simply because of the thoughts.
In my last post “The power of your mind” you may recall I stated it doesn’t take money to make money. Following, I mentioned, it takes knowledge to make money.
I wrote that article to challenge your core believes about money. I also wrote that article in hopes you keep an open mind when it comes to what you think money really is.
In this post you will learn why keeping an open mind is important.
By now, many of you have heard the saying “A mind is a terrible thing to waste” Well I have another one, be careful who you let in your head.
In today’s age many people are roaming the world with obsolete thinking. Whether then ask themselves is their thinking is up to date, they simply ignore the fact that they need to.
Today, many people believe that it takes money to make money. If you find that this is you, then you’re already obsolete.
One of the reasons why many people struggle financially is because they’re not using enough leverage.
For those of you who are not familiar with this word, it’s the most important word to get to know.
Leverage is simply the ability to do more with less effort.
For instance, if I wanted to throw a party and the mission was to sell out its tickets, to be effective I would need leverage.
If I print hundreds of flyers to hand out, it may take me days, maybe weeks to distribute.
Not only is this process slow, it gives me no leverage towards reaching my goal.
Before you begin learning money vehicles it is important to ask yourself, what income do you work for? Why is this important? Short answer: Taxes.
For those of you who don’t know, taxes are your single largest expense. Over 90% pay more taxes than they should, simply because they don’t understand tax law.
I’m not going to get into the boring subject of taxes but just know, the income class you work for has a huge impact on the tax you pay.
