https://www.youtube.com/watch?v=0GioshUTr4M My monthly budget doesn’t need to be a complex 20-page Excel spreadsheet that only a mathematician can decipher. Yes, precision can be beneficial, but it doesn’t have to be that complicated. I’ve adopted the easy 10-10-80 system. I begin by calculating my monthly net income, which is what hits my bank account after taxes, […]
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What can we learn from Warren Buffett? This video includes 10 financial tips inspired by Warren Buffett’s principles for building wealth. The tips include avoiding losses, buying high-value assets at low prices, forming healthy money habits, avoiding debt (especially credit card debt), keeping cash reserves, investing in self, gaining financial literacy, using low-cost index funds
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This is a remarkable story of financial journeys that took two very different paths: The key takeaway from these two stories is that anyone can achieve wealth, and anyone can lose it. The difference lies in financial education and the choices made. The lesson isn’t necessarily to live a frugal life like Ronald but to
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If you, like me, sometimes find yourself getting worried due to negative media headlines, I have some valuable information to share that will help put your mind at ease and potentially make you a more successful investor. First, let’s talk about understanding stock market fluctuations. There are several levels of market movements to be aware
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In this post, I want to emphasize the incredible power of compounding, not only in terms of money but in every aspect of our lives. I firmly believe that our daily choices and habits are the building blocks of our future, and compounding has a profound influence on various facets of our existence. Let’s take
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In this post, the author discusses the critical importance of making sound financial decisions and avoiding emotional reactions when it comes to investing. They begin by recounting an encounter with a man named Frank during the Great Global Recession, who made a significant mistake by selling his investments due to fear and never bought back
In this post, I discuss the concept of compound interest and its remarkable power to build wealth over time. I present a thought experiment where you have to choose between two options: a million dollars in cash or a single penny that doubles every day for 30 days. What do you think is more money?
Very Important: these legislative changes affect all our children and grandchildren! If you are a parent or grandparent, you will want to know this information that begins in 2024. In this video, we discuss how to save money for your children and grandchildren’s education through 529 College savings plans. We address concerns about what happens
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Investing is a journey filled with both opportunities and challenges. While financial acumen and market knowledge are undoubtedly vital, there’s an often overlooked yet equally critical aspect that can significantly impact your investment journey: your emotions. In this video, we’re going to delve deep into the world of emotional intelligence in investing and uncover how
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In the ever-evolving landscape of finance, where strategies shift and markets fluctuate, finding a reliable source of wisdom is akin to discovering a treasure trove. Nick Murray, a luminary in the financial services realm, stands as a testament to the power of experience, knowledge, and dedication. With a remarkable journey spanning more than five decades,
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