When we’re at work, we are employees paid to take care of certain responsibilities. Your salary, or your wage, is what you get to fulfill your role for your employer. In this sense, we are employees – and not entrepreneurs. Nevertheless, I’ve been thinking that we are all entrepreneurs in one sense or another. Regardless of what we do, or even to some degree what we do for our employers, we’re entrepreneurs cloaked as employees....
The Mystery Unveiled: What is Murphy’s Law? Ever found yourself wondering about the cosmic joke that is Murphy’s Law? At first glance, it could be mistaken for some profound legal terminology. But in actuality, it’s a delightful cocktail of philosophy, humor, and the classic human ability to laugh at oneself. At its very core, this law murmurs: anything that can go wrong, will go wrong. A statement that, more often than not, paints a mischievously accurate picture of our daily lives....
TLDR New budget every month, every dollar has a destination Stay out of consumer debt Reasonable mortgage or rent (< 25% of your take home pay) Pay off any consumer debt Put 15% in your income into retirement account (invest in index mutual fund) Have a 6 month emergency fund Pay off credit card balance when you receive the statement Stay away from cash value/whole life/univeral life insurance Only buy used cars...
Ever felt like your wallet is a leaking faucet, and no matter how hard you try, your cash flow just drips away into the void? Well, buckle up, money mavens and budgeting beginners alike, because we’re about to drop some serious knowledge on you. Budgeting isn’t just about pinching pennies or living like a hermit; it’s about wielding the power of financial discipline like a boss. The #1 rule of budgeting isn’t some arcane secret or Wall Street jargon—it’s actually pretty straight-up....