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Beware😨 Of the poor person’s mentality Poor people often have the mentality that they are better off doing everything themselves. Rather than calling the plumber, they’ll pull up a how-to video and try to do it themselves to save money.…

The age old debate. Good debt vs. bad debt Good Debt is debt used to buy an asset that goes up in value. Bad Debt is debt that is used to buy an asset that goes down in value. There’s…

Did you know? Your home is a liability! Spoiler alert! Your home is not your greatest asset. A lot of people believe it is, but in actual fact, your home is a liability, even if you are mortgage-free. Your home…

What is a Real Asset? You will be surprised! Now that we’ve differentiated between assets and liabilities, and defined a real asset as something that increases in value and puts money in your bank account, let’s take a look at…

Asset or liability? Understanding the true meaning Growing up, we’re often taught incorrectly about true assets. We go to the bank to get a loan, and the banks ask us to list our assets and liabilities. Anything of value like…

The wealth equation. Balancing earnings and savings A very wealthy person once told me that it is much better to focus on making money rather than saving money. Think about it this way: when you save money, all that you…