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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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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Tools of the Trade

Did you know that cattle are probably the oldest form of money? Using cattle as money dates back to 9,000 B.C., and they are still being used in some parts of Africa. When I heard this fact I immediately thought about the saying, “big hat no cattle”. This saying refers to people who look like they have it together financially (big hat) but who actually have nothing to show for it (no cattle). Well, I don’t want us to have big hats and no cattle, so let’s get started learning how to increase our cattle. In my introductory blog, “Greetings”, …
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