Know The Difference Between Good Debt and Bad Debt
All currencies are not created equally. There are some currencies that are more valuable and desirable to own than others. For example, the Colombian Peso is more valuable than the…
Black Friday and Credit Card Debt
Celebrating Thanksgiving Yesterday was Thanksgiving. I sincerely hope that for you, your relatives, close friends, and those that were extended an invitation to dine with you, that the day was…
The 401(k) is 40 Years Old
Most people are unaware of how long the 401(k) has been around. To be honest, I didn't know either until I did some research. Come to find out, the 401(k)…
Countries Where You Can Live On Just Social Security
The United States is a wonderful country to live in if you have money. Most people don't, and this can make life extremely difficult. America is an expensive country to…
Diversified Investment Portfolio and Asset Allocation
There is an old proverb that says don't put all your eggs in one basket. The logic behind this saying is very simple to understand. If all your eggs are…
Best Books to Learn How to Become Financially Literate and Rich
The United States has some pretty good schools and some great universities. Indeed, many people from all over the world come to America to study and to attend university. We…
Pillar 3 – Business Income
The 3 Pillars for creating wealth: Pillar 1, Pillar 2, Pillar 3 Everyone should own a business or a part of a business. This is so important let me say…
The Power of Compound Interest
Compound interest can either be your friend or your enemy. If you have a credit card with a revolving balance then compound interest is not your friend; it is working…
Pillar 2 – Investment Income
The 3 Pillars for creating wealth:Pillar 1, Pillar 2, Pillar 3 Investment income is the second pillar for creating wealth (see Pillar 1). Investment income is simply income that comes…