financial planning

Tips for Paying off Massive Debt

Tips for Paying off Massive Debt

Not long ago, I was about thisclose to having to file bankruptcy. Yeah, I know. I was pretty depressed about it, but it can happen to anyone, especially if you don’t have a healthy relationship with money at the outset. However, I was fortunate enough to begin to apply the lessons I’d learned from studying business in college in order to not only improve my financial literacy but to also pay off a little more than $250,000 in debt. I’m sharing my experience with you in hopes that you can avoid the pitfalls that almost ruined my life.

Don't Let Your Mouth Write a Check That Your Assets Can't Cash

Don't Let Your Mouth Write a Check That Your Assets Can't Cash

The most important change you'll need to make is your mindset. The sooner you understand that chasing a lifestyle that your income can't support will keep you broke for the rest of your life, the better.

Investing on a Shoestring Budget

Investing on a Shoestring Budget

Since my last post, I have received a deluge of inquiries about how a person living paycheck to paycheck can invest. I'll admit it: at first blush, the thought seems too daunting to be plausible, but rest assured there are strategies that you can use to put you in position to invest, even on a shoestring budget.

Avoiding a Working Retirement

Avoiding a Working Retirement

Have you ever noticed how many elderly people are still holding down jobs? I don't mean consulting jobs for which their expertise is paid a premium. I mean jobs that pay a pittance hovering around minimum wage. Look how many greeters at Walmart, for example, are old enough to be your grandmother - or great grandmother.

Bringing Your Financial House in Order

Bringing Your Financial House in Order

The temptation for many inexperienced entrepreneurs, especially for solopreneurs, is to sort of pool all of their money together and pay what needs to be paid whenever things need to be paid. Sure, that seems logical at first, but it opens up the door for a huge financial mess down the road - not to mention potential tax and liability issues.