Building Wealth

Habits Worth A Million Dollars

assets

How to Make Money With Assets

What Is an Asset? In personal finance, an asset is anything you own or control that produces economic value, future profits, or positive cash flow. Assets broadly differ in form and can be tangible (touchable) or intangible (untouchable). However, as long as it is producing positive economic value, it is considered an asset. The key

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books

Top 30 Wealth Building Books (Real Estate Edition)

Why Are Books Important? You often hear stories about people spending thousands and thousands of dollars on training from the “gurus” in the industry. You hear it over and over again: people get sucked into seminars and classes, spending all of their money just to be told in the end that they need to invest in

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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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