Category Archives: Building Wealth

What do you do after you are debt free?
avatar

Congratulations! After months and months or even years of sacrificing your student loans are gone, you dumped your credit cards, and paid off the car note. You are debt free! The cycle of debt that you have lived before is … Continue reading

Posted in Building Wealth, Saving Money, Uncategorized | Tagged , , , , | 12 Comments

Winning With Money Part 5: Plan for the Future
avatar

Planning for Retirement

I know we’ve already talked about being proactive with your money, but this takes it to a new level. Part of your long-term plan needs to cover things like future education, home maintenance, vehicle replacement, retirement, income replacement, funeral plans, and long-term medical care, among other things. Continue reading

Posted in Building Wealth, Personal finance, Retirement | Tagged , , , , | 15 Comments

Why you Shouldn’t Listen to Economists’ Predictions When Investing
avatar

Many of you know I’m back in school studying for an M.B.A. One of the core classes for the degree is economics, which I’m taking right now. I learned something the other day in economics class about some common fallacies … Continue reading

Posted in Building Wealth, Personal finance, The Economy | Tagged , , , , , , | Leave a comment

How to Unlock your Wealth Building Potential
avatar

It’s not about the interest rate There are so many articles and blog posts out there that talk about how to get the best return for your money. They talk about this investment and that investment, tax-deferred investments like 401(k)’s … Continue reading

Posted in Building Wealth, Personal finance | Tagged , , , , , , | Leave a comment

Financial Literacy Month Question of the Day: April 20, 2011
avatar

http://youtu.be/vA10De0FiAU

Josh Levitt from LevittCoaching.com wants to know what you think: What is the best way to start investing for retirement? A) Invest in a Roth IRA B) Invest in a 401K up to your employer’s match C) Buy a house … Continue reading

Posted in Building Wealth, Personal finance, Retirement | Tagged , , , | Leave a comment

How much will you need to retire?
avatar

Join the forum discussion on this postWe focus a lot of time in our financial coaching and our podcast episodes to getting out of debt. It’s not very often that we actually talk about what to do after this point. … Continue reading

Posted in Building Wealth, Retirement | Tagged , , | Leave a comment

The Best Hedge Against Inflation is Living Debt Free
avatar

Easier to manage cost increases when you don’t have debt I can’t turn on the tv without an ad that talks about how massive inflation is coming and how I need to buy gold (at record high prices) to hold … Continue reading

Posted in Beating Debt, Building Wealth, Personal finance, Saving Money | Tagged , , , | 2 Comments

7 Money Skills Wealthy & Successful People Commonly Possess
avatar

It’s my habit to read non-fiction books that help me grow personally and professionally. Several months ago I read The One Minute Millionaire by Mark Victor Hansen & Robert G. Allen. I did a book review on the writing as … Continue reading

Posted in Building Wealth, Personal finance | Tagged , , , | 2 Comments

Money Myths: The Truth About the Cost of Retirement
avatar

Myth: My expenses will go down when I retire so I don’t need to save as much for retirement. Truth: With inflation, taxes and medical bills, your expenses will go up when you retire so you need to be prepared! … Continue reading

Posted in Building Wealth, Money Myths, Myths vs. Truths, Retirement | Tagged , , , | 2 Comments

Paying Yourself First: How to Make it Work Part 2
avatar

In part one of this two part article I talked about the theoretical part of paying yourself first. Planning our the month’s income and expenses to spend every dollar on paper before the month begins, making sure you allocate the … Continue reading

Posted in Beating Debt, Building Wealth, Personal finance, Retirement, Saving Money | Tagged , , , , , | Leave a comment