FOMO “Fear of missing out” is a common call to action these days. Whether it is a sale, a concert, a major sporting event, or sports betting, the clamor for participating can be intoxicating and lead to you considering the option to buy. Those ads are effective. But let the effect be on others who
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Hide the Debts Enron Corporation managed to look good on paper until the truth came out about inflated earnings and hidden debt, which led to their collapse in 2001. Most of us tend to ignore our debt. We just accept it as part of life. We assume we will always have enough income to pay
Define Asset Income There is a consensus that financial freedom starts with saving enough to cover most emergencies and avoiding the use of credit. However, the long-term definition of financial freedom that is associated with wealth includes the accumulation of income-producing assets. Asset income can be in the form of revenue, dividends, profits, or interest.
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Attitude—A Choice Most of the difficult situations we face in our lives come from the decisions made by others. Our reaction to those situations will help to determine our view of life in general. And, possibly, our quality of life. We have a choice. We can choose to blame others for our situation. Or we
A Seriously Fun Life! Read More »
Ignorance Is Not Bliss Ignorance of the law is no excuse. When it comes to legal matters, you must be aware of the fine print. “The devil is in the details”, meaning there are details that can cause you trouble if ignored. Doing business without a license, dying without a will, or agreeing to do
Don’t Ignore the Signs Many motorists allow themselves to get distracted long enough to miss an exit or a merge lane or, even worse, brake lights for a sudden stop. There are warning signs available. Be sure to read them. When I was trying to sell real estate past-time in 2008 and my clients were
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Time as an Asset Time becomes more valuable when you plan. Giving time a purpose gives it value. Most are closer to financial freedom than they realize. Planning and using time to achieve those plans are essential to success. So, how do you make that part of your success? The first step is to value
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We Are What We Eat That is not a great revelation unless you take a closer look. A better statement would be how well we live depends on how well we eat! When you are young and healthy, with a lot of energy, healthy eating is of little concern. But as you get older, your
Health Is More Than What You Eat or Drink—But Pay Attention to That Read More »
Big hat, no cattle? A Book About That Have you ever wondered how people become millionaires? There is a book about that called The Millionaire Next Door, by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D. They had the simple idea of looking for correlations through interviews with hundreds of millionaires. Their findings, the
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We Are Suckers Scammers are counting on our being gullible. We are suckers for a lot of reasons. We want to be rich. We want to protect our family and ourselves. We are prone to fall for the schemes founded on evil intentions. Evil intentions stem from gain founded on the loss to others. Most
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