Developing a wealth mindset is essential for achieving financial success. It involves developing a positive and proactive attitude towards money, and adopting habits and behaviors that support wealth creation. In this article, we will discuss the steps you can take to develop a wealth mindset, and provide real-life examples of successful individuals who have done just that.
Frugal living is a lifestyle choice. Consider it more like a person’s spending behavior adjustment. Everyone wants to save money, but do we put in enough effort to make this happen? Once in awhile denying yourself your favorite Latte at Starbucks or putting off a road trip won’t make much of a difference. After getting haunted constantly by the thought of being broke, I decided to try living frugally.
In this post, we will unearth the truth behind stock market timing for investments with help of 3 hypothetical portfolios and investment strategies of our assumed characters; Albert, Berry and Christina. In our first scenario, we will analyze the investment philosophy of Mr. Albert who can accurately time a market’s downturn and has only invested… Continue reading Market Timing is for Losers – A Case Study
So, you are planning for retirement and wondering which option will be the best – IRA vs. 401k vs. Roth IRA? Over the past 30 years, the laws have changed considerably in favor of 401K and IRA accounts which allow people like us to benefit from pretty much automatic retirement planning now a days. If… Continue reading Best Retirement Planning – IRA vs. 401k vs. Roth IRA
Recently I came across an interview of Tony Robbins. During the interview he mentioned something which caught my attention. He illustrated a hypothetical scenario of someone having his life’s savings invested in stock market through a 401K or IRA plan and as soon as person turns 65, the stock market turned red and fall into a… Continue reading Why is Order of Rate of Return so Important
I asked this question – How much I need to save to retire richer than my friends; out of disappointment & anger. It feels very bad when you fail in the class, right? It feels much more worse to see your best friend pass the same class while you had failed. Isn’t it? This is true… Continue reading My plan to retire richer than my friends
Why it is so important to live in a house of our own for most of the people in the world? I spent many days trying to find an answer to this question myself. This is what was my conclusion: Living in our own house is required to satisfy our own psychological insecurities. Think about… Continue reading Home Buying Tips Rich People Always Use
When I asked a friend of mine that how much money would he need to consider himself as financially free? He promptly responded to me that “I need $100 million dollars to achieve financial freedom“. For a moment, I felt that he had been thinking of this number before and had his answer prepared before… Continue reading Financial Freedom and How to Get it