Making Lasting Life Changes

  I recall looking at a website one day and it showed an image of a Venn diagram. The first circle was entitled, “Things You Can Control”, and it had some things listed. The second circle was entitled, “Things That Matter”, and it too had some things listed. Where the two circles overlapped, those were the things that a person should focus on per the site; things they can control and things that matter. I would suggest for this New Year that we change the second circle to be entitled, “Things We Want to Change”. Our two circles would include …
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Why the Miami Heat’s Championship is “Good” for the Economy

If you can’t win a championship, buy one. Whether it was the idea of the billionaire owner of the Miami Heat, one of the greatest of all time coaches turned team president, the Big Three All-Stars colluding during the 2006 Olympic Games, or a combination of all three: assembling the Miami Heat championship team was pure genius. The players get their desired championship ring which can be sold later to fund their retirement, the coach gets to add another accolade to his long list of accomplishments, the billionaire owner gets to stay a billionaire since he pays his players virtually nothing (in NBA …
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Planning for the Unexpected

One thing you can be sure about in life is that something unexpected will happen to you. A job loss, accident, bad decision, or even a mistake can cost you monetarily. Hopefully, you have the proper insurance to cover most of the surprises in life, but chances are, you still will have to come out of pocket for part of the expenses. This is why having an emergency fund is crucial for your financial well-being.  I’ve talked about an emergency fund in other posts, but it’s something I can’t stress enough, since I see too many people without a fallback plan in emergencies. …
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10 Tips to Improve Your Finances Today

We are a few months into the New Year. Are you still sticking to those resolutions you made in January? Did you blow through your tax return and not do everything with it that you planned? Is money still causing you stress? If you answered yes to any of these questions or if you are just looking for some ideas to improve your finances, pay special attention to the tips below: 1. Prepare a cash flow: In order to improve your finances you must know where your money is going. A cash flow is a simple spreadsheet that shows how …
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Financial Strategies to Achieve Financial Success

In the previous blog posts, we’ve touched on some excellent strategies to help increase our chances of achieving financial success. 1. Spend less than you earn 2. Pay off debt 3. Save and invest regularly  One strategy, which we haven’t yet touched on, but is just as important as the others, is:                                                                     4. Plan for the unexpected.  You can have zero debt and money saved and invested, but one hospital bill, car accident, or job loss, can wipe all your hard work away. Uncertainty exists for us all, but how we plan for that uncertainty will determine our …
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Financial Values Define Your Financial Success

One of Paul’s creditors has been trying to get ahold of him all week about a past due bill. His friends have also been telling him about a, “Bulls versus Miami”, game that tickets go on sale for this weekend. The first of the month is nearing and rent, along with other bills, will be due. When Paul gets paid on Friday, what he spends his money on will speak volumes about what he values. Every day we are faced with choices on how to use our money. Should I save, or get my hair done? Should I pay more towards …
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Debt, the Great Obstacle

Where do I begin with this topic? They say an obstacle is something that you see when you take your eyes off of your goals. But debt, especially for the middle class, is an obstacle that we need to focus our eyes on. Revolving debt outstanding, which is mostly credit card debt, in America was approximately $850 billion at the end of March 2012. Roughly 47% of Americans are in debt and since America has around 118 million households that mean the average indebted household owes a little more than $15,000 in credit card debt. This is just credit card …
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Are You Better Off?

The comedian, Katt Williams, had a line in one of his comedy shows that said, and I’m paraphrasing for obvious reasons, Women need to stop blaming men for their problems, telling men you messed up my self-esteem. It’s called SELF-ESTEEM! How can I mess up how You feel about You! Now, Katt William’s delivery may have been a little rough but his point was valid. So when I think about the question being asked of us today, “Are you better off” and if your answer is not a resounding, “Yes I Am”! Then my question to you is “Why Aren’t …
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