Here is a secret to building wealth: before you ever accumulate any substantial sum of money you must gain a wealth consciousness. What is “wealth consciousness”? It is a consciousness of abundance that recognizes that you deserve wealth and financial rewards in life just for being you. It is a fundamental law of the universe that … Continue reading Saving Money and Building Wealth: Wealth Consciousness
Tag: strategy
Investment Portfolio Diversification
Diversification is a fundamental aspect of financial planning. In a nutshell it is the old adage to not put all your eggs in one basket. If you have all your eggs in one basket and something happens to the basket then you are in big trouble. But instead, let’s say you keep some of your eggs in the … Continue reading Investment Portfolio Diversification
Dollar Cost Averaging
What is dollar cost averaging? When an investor buys the same stock or mutual fund at regular intervals and with a fixed amount, he or she is said to be using the dollar cost averaging method. If the market price of the selected stock or mutual fund declines, the investor will buy a greater number … Continue reading Dollar Cost Averaging
Balancing Income and Expenses
It is necessary to learn the skill of balancing income and expenses no matter what your financial situation. Many people put off keeping a budget until they are financially “on their feet”. However, in order to get financially “on your feet” a budget is a necessity. And to be sure, what we call a budget is nothing more … Continue reading Balancing Income and Expenses
