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What Is Money? It’s not What You Think It Is.
Have you ever wondered what money is? Take a good, hard look at the green pieces of paper in your wallet. You know, the ones with funny pictures of dead people and numbers in the four corners. How about the pieces of plastic called credit cards? Or that number in your savings account? Chances are…
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Money Mindsets: Change Your Money Story!
If you can change just one thing–just one thing–which helps you to make more money, what would it be? That one thing is your thoughts. They are called your money mindsets. Your thoughts influence every thing you do. If you hold money in a negative light, so too becomes the evidence of your world. If…
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Develop Your Imagination
Many years ago, I read where Napoleon Hill pointed out that the imagination is the most marvelous, miraculous, inconceivably powerful force that the world has ever known. Did you know the average individual uses the imagination–if they ever use it at all–against themselves? They imagine what they don’t want. They imagine problems coming. Let’s begin…
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How Much Money Do I Need to Retire?
As saving, wealth creation, and retirement planning are a big part of this site, you may be wondering, “How much money do I need to retire?” The answer is simple: Multiply your desired/required annual income in retirement by 25. Withdraw 4% or less the first year, followed by the same amount every year after that,…
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5 Characteristics of Wealthy People
The wealthy possess characteristics and traits which are usually out of the norm from most people. Is this such a surprise? After all, they have to be doing something different if they are millionaires in the first place. Here are five of the characteristics millionaires possess. They Don’t have a Budget At first pass, this…
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5 Reasons You Have a Hard Time Accepting Money
What are some of the reasons you find it hard accepting money? Discovering them helps you understand why you’re not building up wealth and not enjoying the financial freedom. Once upon a time, I would not have accepted money for helping someone out with computer issues. This was for a friend, who runs a small…
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Are You Scrooged?
A Lifetime of Savings Means You Can’t Bring Yourself to Spending Imagine the following: You’ve 67 years old. Over the past four decades of working, you’ve amassed a net worth of well over several million dollars. This is more than five times the national median of $200,000 for someone who is 65+ years old. But…
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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…