Category: Managing your Cashflow

Getting Rid of Bad Debt

Let me be the first to tell you, it’s imperative to know the difference between good debt, bad debt and how to get rid of it.  To be sure, debt on its own isn’t the devil.  When used correctly, debt can be a wealth-generating tool that pays you back for a lifetime.  But, high-interest debt,…
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Design Thinking: Income & Cash Flow

As promised in our What We Want for you in 2019 article, we are jacked about design thinking this year, and how you can use it to optimize your life and your finances to create the life that you didn’t know you always wanted. This month, we are applying this thinking process to cash flow planning. Cash flow planning,…
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Obtaining a Mortgage for a Rental Property

You might have considered increasing your passive income by purchasing a rental property.  This really can be an excellent “side hustle” and provide a significant to your bottom line, over time.   Obtaining a mortgage on an investment / rental property is very similar to what I wrote in Getting Organized for your First Mortgage with…
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Fast Track to Financial Stability

Congratulations! You have made the single most important step in the entire process – searching out how to become financially stable. In my 20’s and early 30’s, I made tons of mistakes.  I overspent, mis-used credit, and basically lived a “Rock star” lifestyle- without any care in the world.  The problem is, I’m here to…
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Getting Organized for your First Mortgage

Getting organized for a first mortgage in advance will help you immensely when its time to buy your first home.  Here are some of the things that will give you a head start! First, you’ll need your down payment. 3–5% at a minimum, however, I recommend 20% as you’ll avoid expensive private mortgage insurance (PMI). …
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Tips for Travelling Without Breaking the Bank!

Being financially independent also means being free to travel anytime you want. Obviously it must be done without impacting your cash flow too much. Here are some tips to achieve that. Do your research. Start planning way in advance. Prepare a spreadsheet with all the expenses (hotels, transportation, meals etc) and see how much the…
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10 Strategies to Fast-Track your Financial Independence

It doesn’t matter how much money you earn from your career, your business, if you win the lottery, or were given a billion dollars.  Being Financially Independent means you have passive income (that’s income that is generated from your investments without day-to-day management on your part) that exceeds your expenses.  Note Passive income.  Passive income…
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Here’s the #1 Thing Millennials Don’t Understand about Credit Cards

The economy relies on consumer credit to keep the it ticking along.  And banks have a seemingly endless supply of currency to lend out to those who are both accepting to it and credit worthy.  One of the favorite tools banks have to lend out money, quickly, are credit cards.  When used correctly, credit cards…
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How to Generate Retirement Income From a Portfolio

Are you like many, wondering how to generate retirement income from a portfolio?  It can seem like a daunting question, but the answer is resoundingly simple. Financial Independence Number By now, you should have your financial independence number.  Besides, if you don’t already have it, click here to get it! As you know, your financial…
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