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Let’s discuss how long it takes to save for retirement. Or instead, how long to achieve financial independence since some don’t plan to ever retire. How long would you guess that this takes? With the average US retirement age of 67 years old…it would appear that 40+ years of working is required. And for the […]

Q: Do I need a budget? A: No, you really DON’T. Why do people budget? We know we should save money. Savings are necessary to fall back on in case of an emergency. Wealth is required so that we can eventually stop working (whether we choose to or not) and still live comfortably. Living a […]

“What you focus on expands.” – Esther Jno-Charles Who wouldn’t want to expand their wealth? If the saying is true, and I believe it is…expanding your wealth starts with some focus. Here are three easy ways to expand your wealth simply by being intentional: 1. Know your monthly living costs. Living costs are the bills […]

Last but not least…spend the rest! Having first paid yourself and next paid your living costs, the remaining cash each month is considered discretionary funds to use however you please. No lectures here…you have done everything right to this point so what’s left is yours to spend entirely. Discretionary spending is generally variable and optional. […]

After you Pay Yourself First, next pay your living costs. Which expenses are living costs? Living costs are the expenses in your life that are necessary or committed. These are recurring day-to-day or monthly expenses which are generally non-discretionary, so not easily reduced or avoided. They are mostly fixed in the short-term (such as rent, […]