More than how much you make the person that you marry will have a greater impact on your wealth than anything else. That may sound a little excessive, but it’s true. No other person will have a greater impact, for better or for worse, on your finances than your spouse. It doesn’t matter if you make $50k or $500k per year. If you or your spouse (or both!) are big
There has never been a more convenient time to manage one’s wealth. With online accounts and apps right on your phone there’s no excuse as to not managing your finances on a regular (if not daily) basis. But even though you should be checking your accounts regularly they should also be automated, whether it’s the extra monthly payment to pay down debt or the recurring transfer into your investment accounts.
When it comes to building wealth having the right mindset and making sacrifices play a huge role. Since most young people have a buy fun stuff now, invest later mentality, both mindset and sacrifice fly out the window. And while having a wealth accumulating mindset and making necessary sacrifices are required to reach financial freedom they’re not always the easiest thing to do when you’re young and living your life.
Now I know that is a bold claim, but hear me out. For most young people budgeting is a boring financial tool that no one really does. Or it’s something that the government tries to do but can’t do very well. Heck, even a lot of older adults don’t budget, and these folks aren’t exactly financially independent. Quite the opposite, actually. Most are living paycheck to paycheck, and the only
When it comes to building wealth a lot young people get confused on where to start. Between the stock market, real estate, bonds, etc., it can be paralyzing to know exactly where to begin. Building wealth doesn’t have to be complicated. Like most things in life it requires a plan and consistently doing the right things. Here are four steps you can do today to start building wealth: Start Investing