The majority of wealth people are owners. They do not just have a bank account full of cash. They own valuable assets. Primarily businesses of one kind or another that bring in cash. Every single person can become an owner. You have the ability to create something of value and monetize it or you canContinue reading “Harness Money Tip #36”
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Harness Money Tip #34
Rich Dad, Poor Dad made me think differently. There is good debt and bad debt. Bad debt is debt that holds you back: credit card, student loan, car loan. Most people only ever learn about and use bad debt. Make it your mission to get out of bad debt and never look back. Good debtContinue reading “Harness Money Tip #34”
Harness Money Tip #33
National politics are important, but political outcomes are difficult, if not impossible for an individual to control. It is much easier to control things in your everyday life. The community around you, who you spend your time with, what you eat and your relationship with money. Focus on mastering the things in your life youContinue reading “Harness Money Tip #33”
Harness Money Tip #32
Calculate and track your net worth. I initially thought my net worth was just my checking and investment accounts. But it includes so much more. Everything you own is a part of your net worth. Write down everything from your house, car, clothes, saxophone, furniture. I was astonished about how much stuff was included inContinue reading “Harness Money Tip #32”
Stock Account As Savings Account
A person can increase their wealth faster if they use their stock account as their savings account. But do the risks outweigh the advantages?
