Habits Worth A Million Dollars

saving money

The Secret to Saving Money

Is Saving Money Important? Before we jump into how to save money properly, we must first understand why it is important. It is valid to question the importance of saving money. Most people have steady incomes that seemingly won’t change. For this reason, many people feel that they can spend all of their paychecks because

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Keeping you poor

Advice That Is Keeping You Poor

Is Bad Advice Keeping Me Poor? Advice is guidance or recommendations concerning what future actions you should take.  Typically these tips are given by someone regarded as knowledgeable or authoritative. For instance, we ask doctors for advice on our bodies, and we ask math professors how to solve complicated algebraic problems. However, when it comes

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Compound interest

Make Money with Compound Interest

What is Compound Interest? Compound interest refers to the continuous addition of interest to a principal sum. In other words, when reoccurring interest payments are reinvested into an initial sum, it results in exponential growth. This is because each reinvested interest payment will be larger than the last. To clarify, compound interest occurs when there

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The Stock Market

Understanding The Stock Market | Everything You Need to Know

What is the Stock Market? The stock market is a collection of markets and exchanges where people buy and sell shares of publicly-held companies. A trade will occur when someone has shares they want to sell for cash, and another person has cash they want to use to buy shares. You will execute the trade

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What is a 401

How to Utilize a 401(k)

What is a 401(k)? A 401(k) is a retirement account that the employer sponsors. This account allows employees to prepare for their retirement by dedicating a percentage of their pre-taxed income to a separate account. In other words, you will place every pay period a percentage of the income you earn from your employer into

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Have no motivation

How to Control Your Motivation

What is Motivation? Motivation is the general desire or willingness of a person to take action. The initiative to ack can be incited by outside forces (extrinsic motivation) or inside forces (intrinsic motivation). Regardless of where the energy derives from, having this ambition is essential to obtaining goals and success. However, studies have shown that

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