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There I was. 21 years old. $24,000 in debt.
I thought it was normal. I thought everyone had car payments. I thought debt was the only way of life. The American way.
I also couldn’t sleep at night, because I was so stressed. I had no plan for an emergency, other than to go into more credit card debt.
That’s when I got angry. A good motivating, driving anger. An anger that ultimately lead me and my family out of debt.
I realized that debt was controlling our life. And I wanted to be in control. So, I started reading…
From Warren Buffett to Oprah Winfrey, there are some common traits in the habits of the richest people in the world.
And I’m not talking about the habit of inheriting a lot of money.
That seems to be one of the main reasons people think they can’t become wealthy. They think that the rich come from rich families and they never had to work for anything in their life.
Not true. At all. In fact, most of the richest people either work or have worked harder than any of us and that’s exactly why they are where they are.
As you’re about to see, 68% of the 400 Americans on the Forbes 2013 “billionaires list” are considered “self-made” billionaires. Meaning they built, rather than inherited their fortune.
That doesn’t really tie in to the belief that the rich didn’t work for their money. Of course, as we all know, the point is to make your money work for you, but sometimes that takes work in itself!
Let’s see what we can learn from the habits of the wealthiest people in the world…
There are few topics that have as much written about them and as much contrasting information as investing.
Just knowing that is enough to scare most people away from investing at all.
Is it really that difficult? Do you really need to devote years of your life to studying the most efficient way to invest?
It would seem that way, but in reality, not at all.
The problem with most investing advice is that someone is profiting (or attempting to profit) from it.
Investing is actually much easier to understand than you may think.
You’re about to learn everything you need to know to be a successful investor…
I love TED Talks and honestly, I don’t know anyone who doesn’t.
If you’re familiar with the TED videos, you know what I’m talking about.
They’re edifying, educational and full of wisdom.
My only complaint is that there are too many of them! Which is a very good problem to have.
I have been listening to TED Talks like crazy and I found these six that really stood out. I think they will change the way you think about money in many regards.
When you’re trying to get good at something, always learn from the best.
Whether you’re just getting started with investing your money or are already a well-seasoned and sophisticated investor, you could always do with a few lessons taught by some of the best of the best in the financial world.
When most people start investing, their journey often begins with reading up about Warren Buffett. Buffett’s compounded annual return of about 20% over the course of his 50-year career, as Berkshire Hathaway’s chairman, is the stuff of legends.
But he isn’t the only one on the rich list who has made his fortune solely off the back of investments made over the years.
There’s a growing number of hedge fund managers whose talents have not only made them enormously wealthy, but also landed them on the prestigious Forbes Rich List. Many of these managers are billionaires and their investment styles vary greatly from the long-term value investing mantra of Buffett.
Here’s a list of the top 5 richest hedge fund managers and the lessons you could learn from them…
Do you want to figure out one of the key to happiness and overcoming life’s crap?
Stop taking yourself so seriously. I’m serious.
If you’re serious about your goals and your dreams, it will serve you well to relax a little.
I’m not telling you to lose your discipline or stop pouring yourself into your life. What I am telling you is that it’s ok to have fun.
What am I talking about? Let’s start with your finances…
We all have our opinions about millionaires and the rich.
I’d like to challenge some of those opinions and show you some things you might not know about millionaires.
It’s not about luck, fancy lifestyles or greed.
It’s about developing a mindset that sets you apart from the rest.
Here are 10 game-changers that you didn’t know about millionaires…
We always hear that some people have just made a huge profit on certain type of investment and think if we could make the same kind of money, too.
It is all good dreaming about how good you would be and how much money you would earn. However, some people make money regardless of markets going up or down.
They actually can make even more money when the market is crashing if they know when to short certain stocks as we discovered in recent crises with banking stocks.
When it comes to investing in classic cars there are a few obvious potholes anyone can fall in…even the seasoned dealers. They are easy to fall in love with, be sentimental and being cars, they have many associated problems.
Here are 5 tips to help you decide if you would be a good classic car investor or it is not definitely for you…