How Well Have You Prepared For Your Currency Exchange?
.How Well Have You Prepared For Your Currency Exchange?
#12 By Muhammad Ali
We have all read on Dinar Recaps, the statistics of those who have acquired sudden wealth and how long that wealth lasted. The results are not good. Most lose their wealth, their newly acquired assets and possibly are filing for bankruptcy within 3 to 5 years of receiving it.
The problem with most people, especially when it comes to money, they do not plan ahead or they do not plan at all.
Will we be a part of these statistics? The sad truth is, YES for about 80% of the people, they will be part of these statistics, and only about 20% will be able to preserve their wealth for more than 5 years or more.
"May the Odds be ever in your favour!" Some of you will remember that from the Hunter Games movie series.
Unfortunately the odds will not be in our favour unless we plan and work towards it.
In my Currency group, here in Malaysia, I hear so many times, that after RV, they want to travel around world, sail around the world, help all their friends and families, buy properties in real estate, buy land, buy cars, donate to so and so charity... and the list goes on and on.
Do's and Don'ts When You Increase Your Income
Do's & Don'ts When You Increase Your Income
2 Things You Should Do (and 1 You Shouldn’t) When You Increase Your Income
Team Member Blog, Consumerism to Frugalism
Most of you would like to increase your income.
Whether you’re looking to make a career move, change companies, start a business, or simply move up in your current situation, making more money is likely one of the major factors in your job decisions.
Here at Money Saved is Money Earned, we know money isn’t everything and you shouldn’t live just for money. However, we also know that money plays a major factor in your ability to live the way you want.
Wealth Managers and Handling Losses
.Wealth Managers and Handling Losses
By Muhammad Ali
Imagine you invested the majority of your RV exchanged money or funds with a wealth manager and the guy lost 90% of your money.
Do you think this situation can never happen? How about telling that to this man and his wife.
He invested $250,000 with a Wealth Manger only to be left with $11,200.
So yes, it definitely can happen and it can happen to you.
What would you do?
13 Easy Ways To Trick Yourself To Save Money
13 Easy Ways To Trick Yourself To Save Money
By Ryan
If you have trouble saving money each month and always seem to go over your budget, try some of these helpful tips and tricks to save more money!
Saving money is definitely not as fun as spending money. Before I successfully changed my spending habits, I learned a few tricks to save money even when I didn’t want to. If you are trying to pay off debt or saving for retirement or a vacation, all of these tips will help you get there faster!
#1. Use Cash For Everyday Expenses
You should have a monthly grocery budget. At the beginning of each month, take out that money in cash and leave your cards at home when you go to the store. Creating a list and shopping with cash will help you stick to your budget if you know you don’t have a credit card to fall back on.
Finding a Financial Advisor or Planner
.From the Recaps Archives, originally posted on 6/3/2019
Finding a Financial Advisor or Planner
By Troy Segal Updated Jun 3, 2019
If it's ever occurred to you how complex and vital 'getting it right' is when it comes to saving, investing, maximizing the value of your wealth and planning for a safe, comfortable retirement, you've probably asked yourself if you should employ a financial planner or advisor.
Similarly, if you've felt the pressure of deciding on a big investment, such as a home or education—or felt overwhelmed with the financial details after a wedding, the birth of a child, divorce, death of a spouse, or major illness—you've probably wondered about finding someone to advise you.
Money is Not a Four Letter Word
.Money is Not a Four Letter Word
By JJ
This post is part of the #WomenRockMoney Movement, a large group of female personal finance bloggers who have come together to inspire more women to learn about money. ***
Money can elicit a multitude of emotions. Envy, shame, ignorance, superiority, dread and anxiety, to name a few.
For many, money is a source of confusion.
Cloaked in a combination of jargon and overly complex concepts, a basic understanding of personal finance seems insurmountable when first getting started.
This feeling is disproportionately true for women.
Studies have shown that women not only have lower rates of financial literacy then men but they are also less confident in their financial abilities. With more women becoming equal contributors in the household, or even the primary breadwinner, it’s important that we get a better grasp of the personal finance basics.
On a societal level the subject of money remans taboo. Although we deal with matters of personal finance on a daily basis, most of us don’t feel comfortable discussing money, even with our best friends or romantic partner.
To Find a Better Solution, Ask a Better Question
.To Find a Better Solution, Ask a Better Question
By Hal Gregersen
Stuck on a hard problem?
The director of MIT’s Leadership Center says you might just need to reframe it.
Trace the origin story of any creative breakthrough and it is possible to find the point where someone changed the question. I have seen this as a longtime student of innovation; the stories in that realm abound.
For example, consider the origins of the snapshot. Photography had been invented well before 1854, when Kodak founder George Eastman was born, and he took an interest in it as a young man.
But as he prepared to take an international trip at age 24, Eastman found it was too much of an undertaking to pack along the elaborate and expensive equipment.
The technology for capturing photographic images had steadily improved over the years in terms of speed and quality, but the assumption remained that this was a process for professionals, or at least for serious and well-heeled enthusiasts. Eastman wondered: Could photography be made less cumbersome and easier for the average person to enjoy?
It was a promising enough question to motivate Eastman to dive into research mode, and exciting enough that he could recruit others to help. By age 26, he had launched a company, and eight years later, in 1888, the first Kodak camera came to market.
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.
Why Wealth is Only Half the Story
.Why Wealth is Only Half the Story
By Max From The Money Mix
When financial freedom is mentioned, what comes into your mind?
You probably think of having plenty of material wealth and possessions, perhaps.
Well, that’s just not the whole story. I will let in on a secret that most people miss. Financial freedom is not just about attaining plenty of monetary possessions, it’s more than that.
Financial Freedom Secret
A majority of people make the mistake of tagging their value of financial freedom on some imaginary figure or a specific amount of money. They envision that, once they hit that target amount, then they will have attained financial freedom and will no longer have to work again.
Well, think about the likes of Bill Gates, Warren Buffet and other fellows who are wealthiest in the world. The money they have can sustain them for their entire life. But, they still work, however, their motivation is now different.
The 10 Most Valuable Financial Lessons I Learned
.The 10 Most Valuable Financial Lessons I Learned in 2018
By Trent Hamm Updated on 01-10-19
Getting Started
Each year, during the period between Christmas and New Year’s, I sit down and look over what happened during the past year, what I can learn from that, and what I can apply from that to the year to come.
I usually come up with a big handful of life lessons during that review, things I learned from situations in my life that didn’t quite go as I liked. What went wrong? Where did I go wrong? What can I do better?
These life lessons spread across all spheres of life and usually number in the dozens. I tend to literally make a list of them as I review the year as a way to figure out how to do better in the coming year.
Among the lessons I learned in the past year were 10 that have real personal finance implications, though some tend to branch over into other spheres of life. I thought it might be valuable to share those lessons, along with what I hope to do differently going forward.
Lesson #1: If the stock market is scaring you in terms of your future, you’re either not invested appropriately or don’t know what you’re invested in.
This is something I did right this year, but the bumps in the stock market reminded me of the panic I felt in 2008 when I watched my retirement balance fall by 40%. I didn’t change anything back then, but I was often sick to my stomach about it and my instinct kept screaming to run away from the risk.
But then… things recovered. Between 2008 and 2018, my retirement accounts tripled in value.
The stock market is swooning again, but this time I don’t have the butterflies. Why?
The 3 Things You Should Do To Build Wealth
.The 3 things you should do to build wealth in 2019 (updated regularly)
by Steve Adcock January 10, 2019
In December, I celebrated my two year anniversary of early retirement from full-time work. In 2016, I quit the rat race at 35 to pursue projects that I actually cared about (imagine that!).
Without the relatively comfortable full-time paycheck.
It’s been an amazing ride. I’ve learned a ton about freedom and what it really means to control every second of your day. Believe it or not, it’s not quite as cut-and-dry as many people believe.
I’ve written about my story a lot, and I’m as transparent as I can possibly be. We’re not your rags to riches story.
Both my wife and I enjoyed a solid upbringing as children. Neither of us struggled through college or to find a job. We both earned highly-marketable degrees and made good money in the technology sector.
In fact, we pulled down a combined $250,000 in our last years working.
We know how to build wealth, and those techniques enabled us to quit full-time work pretty damn early. We’re both in our 30s and we’re proud of what we’ve accomplished.
How did we manage to build so much wealth? It’s simple, though not necessarily easy. And, it generally takes a lot of time. Let me explain.