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Why Your Home Is not an Investment
Most people want to believe that their home (primary residence), which is either a condo, townhome, or house that they live in and pay mortgage on, is an investment. Contrary to what they want to believe, a home is not an investment. I’m sure you’ve heard the usual arguments: If you’re paying someone else rent,…
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Coming From the Place of Your Dreams
You cannot get to your dreams from where you are. In fact, it’s impossible. To get to your dreams, you have to come from the place of your dreams. You have to think like the person who already has what you want. In our journey to achieve ultimate freedom, we go through several major milestones.…
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What’s Your Leadership Style?
As you move towards financial freedom, it’s helpful to know what kind of leader you are. That would depend on the leadership style you use. This is necessary to becoming the CEO of your life. At some point, you will eventually hire a team to help you achieve your goals. These people would be your…
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How to Get Financial Freedom
What does your life look like now that you’ve achieved financial freedom? Where do you live? How much money do you have? Who are your friends? What do you do with your time now? Are you still working but only out of choice? What’s your day like, down to the minute? How do you serve…
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Why You Need a Strong Financial Foundation
Building the right financial foundation, just like building the right foundation for a house, withstands the test of time. Everything becomes easier, too. Having the right financial foundation is important if you are to build a positive cashflow and ultimately achieve financial freedom. This hit me the other day, after getting back from my 10-day…
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The Evolving Definition of Financial Freedom
Over the years, my definition of financial freedom has evolved. For the first ten years of my financial inactivity and stagnation, it was this: Being able to part ways with and invest $10,000 into the stock market In retrospect, it all seems so trivial. Yet, for someone who’s never invested, lived in the lower middle…
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Where’s the FI-RE?
Financial Independence, Retire Early If you’re into building up wealth and a handsome nest egg for retirement, then you’ have likely heard of FIRE by now. FIRE stands for Financial Independence: Retire Early. While I like the idea of FIRE, you have to be careful what this really means. The people who achieved FIRE and…
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Defining Financial Freedom?
Depending on who you ask, you’ll get a different answer. For some people, defining financial freedom means having enough money to take their family on a vacation every year. For other people, it means have a enough money to cover life’s emergencies in the event of a job loss, visit to the emergency room for…