Having ample savings is important to a stable financial future. As always, the difficult part is putting smart financial concepts into practice. If you find yourself living paycheck to paycheck, it’s difficult to reduce your take-home pay further by putting it into savings. Thankfully, even the smallest of contributions can have significant impacts on your […]
You just need to be smart about how you go about creating wealth. Exercise discipline, delayed gratification, and teach yourself to have an eye for opportunities. Making many small decisions every single day that help shape your financial future will go a much longer way than trying to come up with the next great invention. […]
Thanks to Murphy’s Law, financial surprises happen to all of us. Sometimes no amount of planning is enough. Your car, home, and pets are all at risk of being stricken by unexpected calamities. An ill family member or unexpected funeral travel is another common setback. If you haven’t read some of our previous articles about […]
Every minute, the United States’ national debt is climbing and climbing with no end in sight. The national debt is currently over $20 trillion. If you can’t quite fathom how large of a number that is, it’s 20,000 billion, or 20,000,000 million. To put it into perspective, that’s more than $170,000 for each and every […]
It’s easy to throw out your budget and get entirely carried away shopping during the holiday season! The excitement and urge to give makes carefree spending seems like the only way to go. As fun as the holiday season can be, it’s very important to keep a close eye on your keeping to regular budget […]
The average person might say that $1,000,000 is enough money. If you invested it and lived off the dividends, it would probably be enough for a comfortable life. If you meant to spend it on living the good life, $1,000,000 doesn’t go nearly as far as it used to. Everybody has a point at which […]
You’ve probably heard the financial advice before, that you need to “Pay yourself first,”. Experts consider this single step to be the most important building block for a solid financial future. Let’s consider the real meaning of this seemingly simple piece of advice. The phrase refers to the practice of saving a portion of your […]
Economic uncertainty has never been more prevalent than during the Great Recession. Ten years later, the picture isn’t much rosier for a lot of people. Now, more than ever, it’s important to secure your financial well-being. Working hard is priority number one, but unexpected financial problems have a habit of rearing their ugly head at […]
Most money “survival guides” tell you the exact same thing: spend less money than you make. This sounds so obvious that it’s almost ridiculous to say it at all, but think about how many people spend themselves into debt well beyond the income they actually make. Even people who earn high incomes often carry huge […]
The same as how good habits can help to make you rich, there are countless bad habits that will make you poor much more quickly. Bad habits are never easy to break, but when the damage caused by these common practices is put right before your eyes, you will be motivated to get them out […]
Financially Fit Formula