Get concrete. We often say that we want great things to happen for us, but then we wait for them to actually happen to us. You have to go after your goals and make them happen. Create a plan and print it out and look at it everyday. Creating a plan makes life goals realContinue reading “Harness Money Tip #21”
Diversification versus concentration. Honestly, I am probably over diversified. which isn’t necessarily a bad thing. When I was broke, I vowed that I would not be broke a second time and then I went broke a second time. So I knew that I had to make some big changes to ensure that I would notContinue reading “Harness Money Tip #14”
Divorce your self worth from your net worth. Everyone is on their own life path. You may have a lot or just a little. The point is to be a good steward of what you do have. Make smart decisions consistently and focus on growth. How can you continue to grow? For more tips likeContinue reading “Harness Money Tip #13”
Buy everything on sale. Your house, car, clothes, airfare electronics. You can find almost anything on a discount. New stuff loses its value quickly and retailers charge a premium for things being brand new. If you are buying a house, definitely buy a cheaper home and fix it up before you move in. You haveContinue reading “Harness Money Tip #11”
Track your net worth. There was a point in time where I had no idea how much money I had because I did not want to know. I knew it was not pretty. It was not until I started tracking my net worth that it began to grow and I realized I had created moreContinue reading “Harness Money Tip”
Do not neglect your credit score. You never know when you may need to take out a loan for a house or car or health emergency. And having a high credit score will give you the best loan rates. Building a good credit score takes time and education. The basics: Pay your credit card billContinue reading “Harness Money Tip #10”
There are 3 accounts that every single employee should have. 401k – Tax Advantage retirement account ROTH IRA – Individual Retirement Account that you set up outside of your org. You may have to do a Traditional IRA if you are a high salary employee Brokerage Account – Taxable stock investment account you control OptionalContinue reading “Harness Money Tip #9”
My best investment has come from search for value that others have missed. You can replicate my success.
The vast majority of the population will not reach financial independence. Choose it and then tiny steps toward FI everyday.
Increase your financial literacy and you will increase your wealth.