What do you do when a friend or family member continues to ask to borrow money from you?
It’s a great question and one that causes much guilt and sometimes hurt feelings on both sides. One thing I have learned is that if someone is continually asking to borrow money from you they are most likely [...]
Continue reading about Lending Money To Friends and Relatives
Frugal, not cheap, but frugal is an important trait in those who are working toward becoming debt free and living in financial freedom to build wealth. I promote frugality to my clients. It is important to price shop, use coupons, by generic, etc.
There is a time however, when being frugal turns [...]
One thing that sometimes gets lost when talking about money issues is the real reason why money management is so important. Most people would say, it’s to get rich. And although I actually prefer the words “build wealth” over “get rich” I suppose it all means the same thing, to be financially comfortable.
But [...]
Today a friend of mine talked to me about his debt situation and in the same breath stated he wanted to lease a new car. I won’t mention his name but he is a smart individual, well established family man who makes a good salary, close to six figures.As we continued our conversation, [...]
Goal - Dictionary.com defines it as: “the result or achievement toward which effort is directed; aim; end.”
Goal, intention, objective, destination, target, mission. No matter what word you use, it is a point in your future that you aim for success.
We have all set goals, we have successfully achieved many and we have [...]
In 1993 I was $48,000 in debt. I lived in an apartment, paid monthly car payment to the bank, and after expenses, rent, electric, phone, insurance; the rest went to paying on credit cards. I had no savings, and to say I was living paycheck to paycheck was an under statement because [...]
Money Management, also know as cash flow management is the key to becoming debt free as well as successfully living in financial freedom.
Let me ask you a question. How much money do you make a year? Would you believe that most people can not answer this question? It’s true; most people, especially [...]
