Do you want to reduce debt? I am sure you have heard about debt consolidation and debt reduction programs. But before you rush into getting rid of debt or acquire new debt. It is worthwhile to understand the difference in Good Debt vs. Bad Debt - ever wondered why some debts are better than others. Let me tell you a story. A few years ago I met this woman who was in her 50s and had a good … [Read more...] about How To Differentiate Good Debt Vs Bad Debt
Credit card or Cash 💰? This is such a common question I get from my clients, family, and friends. And my answer every single time is - "It Depends!" If this question is something that you ponder about at times continue reading. Let me explain what I mean by It Depends when I answer this question. First off this is a personal choice and there is nothing right or wrong about this choice. If you … [Read more...] about Credit Card or Cash? What should you use?
I want to retire by 50, do you? My dad was working full-time at the age of 60 and I always ask myself this question. Do I see myself doing a 9-5 job in my fifties and sixties? And the answer I get every time is different. After spending many years thinking about this question and discussing this topic at length with my beloved wife, April. I have come to the conclusion that I do see myself working … [Read more...] about Want to retire by 50 – See how?
The first step to achieving financial independence or early retirement is managing the cashflow or in simple words understand your earnings and more importantly your expenses. What is Cashflow? In simple words, Cashflow is the money flowing in and out of your bank i.e. Money earned minus Money spent. As a FIRE (Financial Independence and /or Early Retirement) seeker, I would assume that you … [Read more...] about Know Your Cashflow – Important FIRE Tip
Paying off debt isn't easy and if you are wondering why your debt just keeps increasing even though you are trying to pay it down hard. You have fallen into the debt hell and probably because of some bad financial habits. Once you get into debt hell it is really hard to come out of it. 7 Bad Financial Habits - preventing you from paying off debt Spending more money than you earn: This … [Read more...] about Paying Off Debt – 7 Unexpected habits leading you to Debt Hell