Money Archives

Review of The Automatic Millionaire by David Bach

Is The Automatic Millionaire worth reading? What is David Bach’s process for automating wealth-building? The Automatic Millionaire provides a simple but powerful action plan for you to quickly automate your finances, build your wealth, and achieve financial freedom. David Bach argues that, with just a few dollars a day, you can immediately benefit from this book’s advice and start growing your finances. The following The Automatic Millionaire review will cover the book’s context, the author’s background, and critical reception.

How to Start Contributing to Charity

Do you want to start contributing to charities? What charity causes do you want to support? While it certainly feels good to spend your wealth on new gadgets and luxuries, the real value of money comes from how you use it to help others. Consider donating a portion of your income to a cause you care about. Not only will you feel good about yourself, but you’ll also actually feel wealthier and your pursuit of money will feel more meaningful. Let’s explore how you can share your good fortune with others and contribute to a better world.

How Your Money Mindset Defines Your Level of Wealth

How would you describe your mindset about money? Do you often mismanage your money? More generally, what role does mindset play in financial success? No matter how hard you work to accumulate money, or how many financial books you read or seminars that you attend, your finances cannot improve unless you improve your mindset. This is because your mindset will always find ways to sabotage the way you handle your money if the amount rises above your financial setpoint. In this article, you’ll learn how your money mindset is an accumulation of thoughts and beliefs that you picked up throughout

How to Choose the Right Mortgage Plan

Racial Predatory Mortgage Lending and The 2008 Crisis

Are you considering taking out a mortgage? What are some things you should take into account when choosing your mortgage repayment plan? Shopping for mortgage plans and trying to get your head around the legal terms may not be your idea of fun, but it’s essential to hunting down those bargains. To get the best deal, you must do your due diligence and research mortgage providers to compare interest rates and figure out how much you can afford to spend on a home. In this article, we’ll take a look at some things you should take into account when choosing

T. Harv Eker: Secrets of the Millionaire Mind—Review

Is T. Harv Eker’s Secrets of the Millionaire Mind worth reading? What is the key premise of his argument? In his book Secrets of the Millionaire Mind, T. Harv Eker argues that you can dramatically improve your finances by taking conscious control of your thoughts and adopting a rich attitude. Further, he outlines the different ways that rich people think and act in relation to money and includes practical techniques you can use to immediately practice this rich attitude and increase your income. This Secrets of the Millionaire Mind review takes a look at the book’s impact, author’s background, and critical

How to Save for Retirement: Accounts Explained

How do you plan to save for your retirement? What should you do if your employer doesn’t offer a retirement plan? Saving for retirement is essential if you want to live comfortably in your golden years. If your company offers a self-directed retirement account, make sure you sign up to benefit from it (automatic enrollment is not always offered). If your company doesn’t offer self-directed retirement accounts, you’ll need to open an Individual Retirement Account (IRA). In this article, we’ll look at how to save for retirement with employer-offered and self-directed retirement accounts. We’ll also look at how you can

Investment Biases and Loss Aversion Psychology

What are the most common investment biases? How do the authors of Nudge suggest overcoming those biases? In the book Nudge, authors Thaler and Sunstein note that the main reason people are nervous about investing and about defined contribution retirement benefits is because of the loss aversion bias. The authors discuss the nuances of loss aversion and some tips to overcome it. Continue below for advice on how to avoid investment biases, according to the authors of Nudge.

Secrets of the Millionaire Mind: Book Overview

What is Secrets of the Millionaire Mind about? What do rich people do differently, according to its author T. Harv Eker? In his book Secrets of the Millionaire Mind, T. Harv Eker reveals the difference between rich people and poor people. This difference lies in how they’ve been conditioned to think and feel about money. Eker argues that these attitudes impel you to take actions that either move you toward financial success or away from it—if you aren’t happy with your finances, it’s because your unproductive beliefs about money hold you back from the financial success that you want. Below

How to Save for Retirement If You Are Self-Employed

How do you save for retirement if you are self-employed? What are some retirement account options available to the self-employed? If you are self-employed, retirement is a little trickier to plan. No human resources staffer is going to choose a retirement account for you, help you fill out the application, and set up automatic payroll deductions. It’s all a do-it-yourself job. In this article, we’ll take a look at the various retirement account options available to you if you are self-employed.

The 6 Rich Mindsets: The Secret to Wealth

How Economic Outpatient Care Leads to UAW Children

What do rich people do differently? Can anyone become rich if they start thinking as rich people do? According to T. Harv Eker, the author of Secrets of the Millionaire Mind, rich people have a specific attitude towards money and they manage their finances in a particular way. The more you think like a rich person, the more you’ll improve your money mindset that will, in turn, help you improve your state of finances. In this article, we’ll explore how developing a rich mindset leads to wealth and some strategies to help you adopt and cultivate a wealthy attitude that