Distinguish between wants and needs
Distinguishing between wants and needs depends a great deal on your perspective. The more narrow someone interprets their life, the more likely they are to rationalize some wants as needs. For instance, in high school someone could literally buy status and position by the brand of clothing they wear. [...]

Getting rid of credit card debt is both rewarding and challenging at the same time. I know from experience that getting into debt is much easier than getting out. Most of the debt I’ve put on credit cards has been a result of home improvements. We bought a fixer upper home and decided [...]

In Sun Tzu’s Art of War he claims that “All war is deception.” To win in war you must deceive the enemy and sometimes your own troops. Appearing stronger, better equip, and more competent will weaken your enemies morale and increase your own standing. But is this a sustainable, long term strategy? [...]

Every drop counts when building residual income. Your finances are like a bucket with water coming in as your income and water leaking out as expenses. This is an exercise in examining the holes in your bucket.
While monthly interest costs is a simple calculation it is nice to know what your debt [...]

Debt = Risk
The economy for the last 20 years has grown almost entirely on debt. Real wages haven’t increased but consumption has double and tippled. We live in bigger homes, drive newer cars, and have more expensive technology than our parents did. The recent boom in housing has dumped billions of dollars [...]

Looking for a tax free, no risk investment with a guaranteed 6-18% return? This might sound too good to be true but it’s not. Once you have an emergency cash reserve it’s time to start thinking seriously about your investing strategy. Part of that strategy is finding the investment that will yield the [...]