Jan 15, 2010
5 Powerful Ways to Prosper in 2010
So many money resolutions are ho-hum (pay off debt! make a budget! floss!). Here, a few fresh steps that will really turn your financial life around this year.
1. Spend time on your money. It's the most overlooked equation in personal finance: Time begets money. Invest an extra hour per week on your money this year, and you will be amazed at the returns.
2. Learn daily. Spend five minutes a day boosting your financial IQ. In one year-365 X 5 = 1,825 minutes-you will have racked up 30 hours of money smarts.
3. Snowball your goals. It's tempting to start 2010 by aiming for a big win. Instead, tackle small money goals now, and build momentum toward one or two big ones later in the year.
4. Live for tomorrow. Researchers believe the brain is hardwired to value present gains-causing many people to shortchange their own futures. Aim to save 20% of your income this year, 1% at a time.
5. Demand money that reflects your worth. Boost your earning power. Help the cause. Charge more, negotiate harder, up your rates. At the very least, ASK.
To Your Success!
Azhar Laher
Thornhill Wealth Forum
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Jan 22, 2010
Guidelines for Reducing Debt
Getting, and keeping, your debt in line with recommended budgeting guidelines, is an important step when reducing debt. Here are some recommended budgeting guidelines:
To Your Success!
Azhar Laher
Thornhill Wealth Forum
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Jan 29, 2010
Doing Wealthy People Stuff
When I hear people talk about personal money management or read books about creating wealth, one HUGE emphasis that is made time and time again is that we need to think like wealthy people and do wealthy people stuff.
Doing rich people stuff includes things like:
So are you thinking like a wealthy person?
To Your Success!
Azhar Laher
Thornhill Wealth Forum
5 Powerful Ways to Prosper in 2010
So many money resolutions are ho-hum (pay off debt! make a budget! floss!). Here, a few fresh steps that will really turn your financial life around this year.
1. Spend time on your money. It's the most overlooked equation in personal finance: Time begets money. Invest an extra hour per week on your money this year, and you will be amazed at the returns.
2. Learn daily. Spend five minutes a day boosting your financial IQ. In one year-365 X 5 = 1,825 minutes-you will have racked up 30 hours of money smarts.
3. Snowball your goals. It's tempting to start 2010 by aiming for a big win. Instead, tackle small money goals now, and build momentum toward one or two big ones later in the year.
4. Live for tomorrow. Researchers believe the brain is hardwired to value present gains-causing many people to shortchange their own futures. Aim to save 20% of your income this year, 1% at a time.
5. Demand money that reflects your worth. Boost your earning power. Help the cause. Charge more, negotiate harder, up your rates. At the very least, ASK.
To Your Success!
Azhar Laher
Thornhill Wealth Forum
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Jan 22, 2010
Guidelines for Reducing Debt
Getting, and keeping, your debt in line with recommended budgeting guidelines, is an important step when reducing debt. Here are some recommended budgeting guidelines:
- Housing 35%: Mortgage or rent, taxes, repairs, improvements, insurance, and utilities.
- Transportation 20%: Monthly payments, gas, oil, repairs, insurance, parking & public transportation.
- Debt 15%: Credit cards, personal loans, student loans & other debt payments.
- Other expenses 20%: Food, insurance, medical and dental bills, clothing & personal.
- Investments & Savings 10%: Real Estate,Stocks, bonds, cash reserves, retirement
To Your Success!
Azhar Laher
Thornhill Wealth Forum
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Jan 29, 2010
Doing Wealthy People Stuff
When I hear people talk about personal money management or read books about creating wealth, one HUGE emphasis that is made time and time again is that we need to think like wealthy people and do wealthy people stuff.
Doing rich people stuff includes things like:
- Zero debt
- Live on less than you make
- Give generously
- Always ask "how much," not "how much a month"
- Drive used, paid for vehicles
- Have a plan; monthly budget
- Set goals - think short and long term
- Save, save, save
So are you thinking like a wealthy person?
To Your Success!
Azhar Laher
Thornhill Wealth Forum