When making a new purchase you always want to minimize the price you end up paying, whether it's a new car or your first home. But the next step is making the decision between focusing on the short-term and long-term cost. This decision can have a dramatic effect on your wealth-building goals.

If you've ever seen an advertisement for learning how to trade stocks I hope you ignored it. This is one of the worst ways you can spend your time trying to build wealth. This article will walk you throw why this is so, and provide some much better alternatives.

The debate between using debit or credit cards is one that continues on in the world of personal finance. There are certainly benefits to both, but when a person is having trouble managing their debt, the decision becomes quite clear - at least, it should.

Jose Mujica is an Uruguayan politician and former president. He is also a philosopher and advocate for living a fulfilling life; one that doesn't revolve around money. In this post, we discuss a video of his that changed the way I look at money.

Cost-cutting is one of the best ways to help improve your financial situation, and is recommended my financial experts everywhere. The problem is, most people have real difficulty executing upon it. One way to help is to try out a "spending cleanse," and build from there.

Controlling your spending is one of the biggest hurdles toward building wealth. Most people struggle with this on a daily basis. But by implementing certain strategies like the 72-Hour Test, you can greatly increase your chances of success.

Wealth building is a process that takes focus and hard work. You want to make sure you are continuing to progress, but you also need to make sure you don't get lost in the process. Understanding when to take your foot off of the gas is a point many miss, and then end up wasting valuable time.

Budgeting can often be seen as more of a punishment than a way to help you with your finances. But by simply shifting your focus to the true value of budgeting you'll begin to see how powerful it really can be, and you'll be much more eager to do it!

In the world of personal finance, investing in retirement plans is basically a given. But what if there are better ways to grow wealth? In this article, we discuss the pros and cons of retirement plans, and talk about why you should think twice before investing in one.

It's easy to get caught up in the day-to-day grind, sometimes causing you to make poor decisions with your finances. In this article, we discuss how you can shift your focus, and make sure you don't end up in a bad situation by overextending yourself.

It's easy to get wrapped up in comparing your income to those around you. But the true barometer of financial freedom isn't your income, it's your wealth. In this post we discuss why it's important to shift your focus to building wealth, and specific steps on how you can accomplish this.

No personal finance discussion is complete without some mention of investing. And it seems that no discussion about investing is complete without touching upon the active versus passive debate.