For many of us, wealth building is a path leading to financial independence and freedom, satisfying retirement and a chance to pursue different interests in life. Many experts talk about end goals, but there is not enough of focus on how to get there. The order of your financial moves is very important and missteps can prove to be costly mistakes. The game is often a trade off between the risk you … [Read more...]

Earning and saving money is difficult enough, but protecting the value of that money is an even bigger challenge. At the end of the day it is not about the money you made, but the money that you get to keep. One of the most important strategies in wealth preservation is tax management. By using different approaches, significant tax savings and tax deferrals can be achieved. If you have a business, … [Read more...]

The coronavirus pandemic has shed light on the fragility of the economy, and many people are looking to become financially independent by starting their own business. Before entrepreneurs get too deep, they figure out if their business idea will help solve an existing problem. Some common new business ventures include creating digital products, growing a brand, selling online products, and more. … [Read more...]

Today Lane from the simple passive casual podcast talks to us about how we can re-roll our retirement account into a self directed IRA. This is a method where we are able to have a retirement account that allows us to have assets so we can still invest in other things. We want to not only be set up for retirement but have our assets make money for us. We can be better set up for the future. Key … [Read more...]

It is important to develop a plan for your financial freedom that is based on a framework, principles and tactics that are repeatable. Financial empowerment will come once you develop a concrete framework that is repeatable. The wealth pyramid a framework that helps individuals map a plan to achieve financial empowerment. It requires you to prepare for internal risks, external risks and build … [Read more...]

Dave Ramsey mentions some financial ideas and concepts that make sense, but they do not offer much value because they are not unique or original. Dave went broke while working in real estate, but his ideas are not particularly useful for people who are real-estate investors. Dave does offer some good advice for beginners and those who do not have a lot of financial literacy, but he does not offer … [Read more...]

Contrary to common perceptions, life insurance death benefits can improve your life, and also make it richer. Riley Smith, an advisor for The Money Advantage, clarifies all the strategies that can help you have more cash flow and control. If your goals are to save money, take care of family and still enjoy life, you will discover different ways to achieve this, by listening to the podcast by this … [Read more...]

Ken McElroy is a real estate maven, writer, speaker and entrepreneur. Besides wealth and success, McElroy has also accumulated a vast amount of professional expertise over the years, expertise that he's used to mentor and teach not only in the real world, but also online. His website, KenMcElroy.com is a treasure trove for the success hungry, simply stuffed with useful data. In it McElroy has … [Read more...]

Tech giant Elon Musk gave some practical insight on the state of the economy during the COVID-19 pandemic as he chatted on Joe Rogan's podcast. Musk was critical of the government's response to the coronavirus, detailing how simply handing out stimulus checks will not help out the economy in the long run. By trying to increase consumer spending, while also put a pause on production, it will create … [Read more...]

Most investors look for capital gains when investing in the market. In essence, they are banking on the asset price going up. This is great, until the stock prices start declining. Successful investors look for cash flow, where capital gains are just an additional benefit. This strategy broadens your investment options, from basics like investing in stock and bonds, to more sophisticated … [Read more...]