Steps to Wealth

Where are you in the different levels of wealth? Struggling to pay bills? Doing well in your job, but are married to the job, and without free time? Or living the life of your dreams, working in an area you love, with passive income streams paying for your lifestyle? Some ...

The First Great Step of Wealth: Your daily industry is what will make your wealthy. You must have an occupation where you earn a steady income. Benjamin Franklin, “The Way to Wealth”, (1758). Recommended Reading Benjamin Franklin, “The Way to Wealth”, (1758). You may rightfully say, "Wait, this is no ...

Everyone has somewhat of an idea where their strengths and talents lie, but the trick is finding the type of work that can utilize those assets. Here are a few ideas to help you find your way. Recommended Reading Scott Adams, “How to Fail at Almost Everything and Still Win ...

It is not enough to have a good income coming in from your daily industry -- your job or your business. You have to be cash ready in life. You have to avoid the doubling of troubles by, having an emergency, not having the cash to deal with it, and ...

Make It Very Hard to Access! Believe it or not, money is purely a head game. The most important thing is how you think about yourself, how much you are willing to take care of yourself, and how much you are willing to strategize to have a better life for ...

In order to become financially successful, you must become knowledgeable about your spending habits. In order to do that, you need to be organized. There is no way around it: you have to track exactly how much money you have coming in and exactly how much you are spending. Recommended ...

Thus far, we have been talking about how to track expenses. So, you now have created a complete calculation of your total expenses for the month. The shock of how much money you have been blowing out the door will subside. And wait! You have income, too! Recommended Reading Robert ...

Every day we make choices about how we live. If you are committed to becoming wealthy, then you have to be willing to change your habits. And that means two things: analyzing your spending habits and analyzing your time habits. Recommended Reading Kevin Kruse, "15 Secrets Successful People Know About ...

Life is not about working all the time just so that you can pay bills. Life is about doing what you want to do with your time. But you have to pay for your overhead. What exactly is overhead? Your expenses - what it costs you to live every day ...

If you ever looked at the pay stub from your paycheck, where all of the taxes are taken out of your check, you know how expensive taxes are. In fact, taxes are usually the biggest category of expense. Your taxes will be higher than your rent, your food, your car ...

Thus far, under Money Fundamentals, we have been talking about the expenses that you cannot really get around -- housing, food, transportation, utilities, taxes -- these are things, for which you cannot really avoid paying. In order to become wealthy, you need to keep your cost of living as low ...

So far we have been taking about overhead; what it costs to live. Shelter, utilities, food, transportation, taxes, and insurance are the six categories that you cannot eliminate. But for most choices, if you want to become really wealthy, meaning that you don’t have to work at all, then you ...

In this final essay of Money Fundamentals, we will discuss the need to eliminate the debt caused by consumer credit. Consumer credit is credit extended to individuals (rather than businesses) for personal or household use. This includes all forms of installment payments, other than for real estate. Credit cards, auto ...

So, now we have discussed all twelve steps of Money Fundamentals. You have been keeping your steady job or income producing business (Money Fundamentals, (Step 1 and ), have been saving and keeping 10% of your income (Step 3 and ), gotten good and tracking your money and your time ...

Thus far we have been talking about the type of documents you need in order to go through the process of buying a house. Now let's talk about the money. Down Payment This is where rule number three of Money Fundamentals begins to pay off with dramatic results! You know ...