Moneymonk

Growing my net worth and thinking of how to get ahead

Entries for the ‘Wealth Building’ Category

Wealth Building Network

This is so perfect. For those who are better at visual aids, this chart is for you. It’s a great way for you to organize your finances.
chart swiped from: http://www.moolanomy.com/

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Ways to become a Millionaire (in my opinion)

 
A. Stay out of debt and save like crazy.
B. Marry a big baller
C. Make a great income and live cheap
D. Start a business in the hopes a big company will buy it (Yay)
E. Start several small businesses and build streams of income. (double yay)
F. All of the above in moderation.
I rather live comfortable and build [...]

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Step Five: Investing

This is the final part of our five-part series on building your financial empire
So you’ve learned how to manage your debt, save money , choose the right insurance for you and your family, and draft a Will to pass down your assets. The next and final step of is concentrate on growing your money.
What type [...]

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Step Four: Wills

This is step four of our five part series in building your financial empire
After you have found the proper insurance for you and your family, now is the time to get a Last Will and Testament drafted.
Yes, we all are going to die one day.
Just like Life insurance, if you having anyone depending [...]

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Step Three: Insurance: What kind and How much do I need?

This is step three of our five part series in building your financial empire
Now that you have your savings underway, this can be a good time to start looking for insurance.
What kind of Insurance do you need?

Life (if you have dependants)
Disability (if you draw an income)
Auto
Home
Medical
Umbrella (if applicable)
Depending where you are in life, there [...]

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Step Two: Saving: How much and where?

This is step two of our five part series on building your financial empire
Once you have your debt under control, next you want to start your saving.
Depending on your household status, you should save anywhere from 3-6 months. If you have a two income household, three months is sufficient. However, if you are the sole [...]

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This blog is a list of ideas and thoughts that I suggest about finances. Please consult with a Financial Professional for any advice or information