4 Laws To Generate Wealth
4 Laws To Generate Wealth
By The Money Mix
Want to generate wealth? Play by the rules.
Have you ever come across the phrase – ‘play by the rules’? It’s perhaps the most powerful phrase in the world we live in. Why? Because the world itself is in existence because it plays by some specific rules.
All-natural laws are just what they are; they are not there for us to judge their fairness or otherwise. The best we can do is to take advantage of them and be a blessing to ourselves and our generation.
If you want to generate wealth, for whatever reason you might need it for, these laws should be your best companion.
I have compiled these four laws because of the evergreen nature, and if they are considered with a kin eye, you are on your way to wealth.
The Great Law To Generate Wealth – Law Of Saving
Unto he who continues to keep not less than 10% of his income shall more income visit, and from he who keeps no such store shall fresh income avoid, and even the little that struggles to get to him shall be quickly removed and given to he who keeps the store.
Gentle words fall lightly, but they have great weight!
We already know that more leads to more, and that loss lead to more losses until something drastic stops the trend. If you want to generate wealth seriously, you must be careful with our saving plans, why we must not lose the momentum.
The Law of Income According To Earl Nightingale
This states that all money that will come to you as an individual, group, state, company or nation, all income hinge on demand for what you do, how well you do it and the difficulty of replacing you.
From this, you can infer that as you improve your earning capacity by taking in more useful information and motivation, you earn more.
To continue reading, please go to the original article here:
3 ‘Horrible’ Pieces of Tax Advice, According to The Money Guy Show
Catherine Collins Tue, April 1, 2025 GOBankingRates
The financial advisors behind the podcast ‘The Money Guy Show‘ recently reviewed popular TikTok tax hacks that are actually terrible money advice. In addition to being financial advisors, hosts Brian Preston and Bo Hansen are also accountants, so listeners can benefit from hearing their advice about what is and isn’t allowed when you file your taxes.
While the hosts aren’t against tax planning, many of the TikTok tax strategies they reviewed are less about planning and more about being misleading or even committing fraud. Many people turn to ‘The Money Guy Show’ for financial lessons that aren’t boring. So, if someone is interested in lowering their tax bill, this is a show to follow.
How Much Should You Add to Your Emergency Savings To Keep Up With Inflation?
Kerra Bolton Mon, March 31, 2025 GOBankingRates
Saving three to six months of emergency savings is a must, especially during times of economic uncertainty. However, rising inflation means that a $10,000 safety net might not be able to buy as much tomorrow as it does today.
GOBankingRates talked to financial experts to find out how much you should add to your emergency savings to keep up with inflation.
Protecting Yourself From Both Scams And Tax Penalties
Joe Cortez Moneywise
California man loses life savings, owes more than $30K in taxes after falling prey to sophisticated scam
On top of losing his life savings to scammers, Chester Frilich of Concord, California is facing a tax bill of over $30,000 which could end in him losing his home.
As reported by ABC7 News, his problems began when he received a call from somebody claiming to be from Xfinity, who claimed his account was used to upload pornographic videos. An hour later, he heard from “Jason Brown” with the Federal Trade Commission, listing all of his credit cards and telling him he was under investigation for wire fraud.
You Might Not Make Enough Money To Get Musk’s Potential DOGE Dividend Check: Here’s the Salary Cutoff
G. Brian Davis Mon, March 31, 2025 GOBankingRates
James Fishback, an investment manager who briefly worked with Vivek Ramaswamy in the earliest days of the Department of Government Efficiency (DOGE), says the idea of “DOGE dividend” payments came to him in a dream.
Fishback first tweeted about it on X in February: “American taxpayers deserve a ‘DOGE Dividend’: 20% of the money that DOGE saves should be sent back to hard-working Americans as a tax refund check. It was their money in the first place!” Since then, both Elon Musk and President Donald Trump have both aired it as a possibility.
Settling A Loved One's Estate Can Take Up To '900 Hours Of Effort
Sara Belcher · Podcast Writer Updated Mon, March 24, 2025 Yahoo Finance
After a loved one dies, those left in charge of settling the estate can spend months tying up loose ends.
"No matter how well you did your planning, there is a house, cars, financial accounts," Hugh Tamassia, co-founder of the estate settlement company Alix, said on the Financial Freestyle podcast (see video above or listen below). "There are subscriptions. There's insurance policies. There's utilities. There's the newspaper that lands on the front door that has to be canceled. There's all these things that have to be dealt with by the next generation. And these things can take up to 900 hours of effort for the children of someone who's passed away."
I'm Begging You To Delete Your Credit Card Info From Your Browser Right Now Before It's Too Late
Ashley Broadwater Wed, March 26, 2025 BuzzFeed
Whether you’re ordering dinner from Uber Eats or buying that bestselling embarrassing product you’re too humiliated to get in the store, many of us purchase things online. It’s simply too easy, the convenience too great.
Eventually, the moment comes when the app or website asks for payment information. Unless you have your card memorized (no shame), you may have to dig through your wallet and meticulously type in each random number.
7 Useful Pieces Of Money Advice From People Who Started Their Own Business
Casey Clark Mon, March 17, 2025 HuffPost Life
Money can be a scary topic for a lot of people. Perhaps you don’t even know where to even start when it comes to managing finances and keeping yourself afloat. But there’s one group who needs to nail down financial literacy in order to thrive: people with their own businesses. Without it, they may not earn a living or see success with their endeavor.
We spoke with small business owners about money advice they have for anyone hoping to get a handle on finances, whether you’re a business owner yourself or someone simply looking to try to improve your own personal bank account. Here’s what they suggest:
2 Ways an Economic Downturn in 2025 Is Your Chance To Get Rich, According to Robert Kiyosaki
Adam Palasciano Wed, March 19, 2025 GOBankingRates
Economic downturns are inevitable from time to time. Whether it’s a minor dip in the stock market or something as significant as 2008’s Great Recession, we all need to be financially prepared for whatever lies ahead. However, whatever’s coming next might be big, perhaps as big as the Great Depression.
In a recent post on X, financial expert and “Rich Dad Poor Dad” author Robert Kiyosaki predicted the next “Greater Depression” in 2025:
4 Common Mistakes Affluent Americans Make With Their Money — and How To Avoid Them
Vance Cariaga Tue, March 18, 2025 GOBankingRates
Affluence, like beauty, is often in the eye of the beholder. What looks like wealth to one person might not seem that way to others — especially if that “wealth” is offset by high debt and reckless spending. Just because someone earns a high salary doesn’t make them immune to the same financial mistakes as everyone else.
Even defining “affluence” isn’t easy. As Forbes reported, many factors go into determining someone’s wealth — including net worth, household income and location. A net worth of $500,000 might make you affluent in some parts of the country, while in other parts even $1 million falls short of the mark.
Do I Have to Worry About Gift Tax?
If I Give My Child $30,000 Towards Their Wedding, Do I Have to Worry About Gift Tax?
Mark Henricks Sat, July 27, 2024 SmartAsset
Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have $30,000 set aside for their big day, which you plan to hand over in the form of a check.
However, before you pass along that much cash, it’s important to understand the potential tax implications of making a $30,000 gift. A gift that size could require you to pay the federal gift tax, which can reach up to 40%. The good news is you may avoid paying gift taxes altogether, but there are reporting requirements and other limitations to keep in mind. Consult a financial advisor to minimize your gift tax obligations.