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”
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”
Simplicity is often better than complexity when investing.
Prepare for financial disasters today.
Talk with other people about your money situation. Wether you are in debt or saving for retirement there are other people in the exact same situation as you. Talking about your financial position can make you not feel alone and give you motivation to continue pursuing your goals. Sometimes the best encouragement for yourself isContinue reading “Harness Money Tip #27”