There are many areas you can focus on in personal finance. People often gravitate toward investing, but in the early stage of someone's life the more important thing to focus on is savings rate. In this post we're breaking down exactly why that is.

There are many valuable life lessons you can learn while playing sports. But some lessons that often go unnoticed are those that relate to building wealth. In this post, we're talking about the similarities shared between body builders and those who are building wealth.

In finance, one of the most scary words for people is "Budget." It brings up negative emotions of having to say "no" to the things you desire. But there are two parts to budgeting - forward looking, and backward looking. A spending analysis looks backwards, and it can be a powerful ally.

Mindset is one of the biggest factors in deciding which path you will follow - The path to wealth, or the path to poverty. How you use your time all depends on your mindset. In this article, we're diving into how the rich focus on increasing the amount of time they have, and the poor waste that time.

There are countless stories of people losing vast fortunes. One in particular is of Curt Schilling losing $50 Million in a video game development company. But how does this happen? What causes people to risk everything, exposing themselves to financial peril? Let's dig in...

Most people go about their daily lives and never accomplish much when it comes to building wealth. Years will go by and they'll be surprised by the fact that they're in the same position, financially. But this is usually driven by a lot of small decisions - actions that lead us down one of two paths.

Building wealth isn’t just about knowing the right steps to take and then taking them – it truly is a lifestyle and mentality. You certainly have to understand the mechanics of finance, but you also have to LIVE it. Part of that is understanding the psychology of building wealth, and not letting it control you.

College costs have skyrocketed over the last 30 years, increasing over 200% from 1988 - 2018. Many graduates are leaving college with heavy financial burdens placed on them by the debt. But some aren't. Some are choosing a different path, and opting for a pay-as-you-go version of college. Is it better?

It's easy to get lost in the endless barrage of pictures and articles of the rich and famous buying high-priced cars, homes, yachts, among other luxury goods. You might even begin to think that focusing on obtaining those things is a path toward wealth. Don't be confused and end up fixated on the wrong things.

Most people have at one point purchased a lottery ticket. They've sat back and thought about all of the amazing things they would do if they won - how their life would change. Unfortunately, the reality is much worse than you'd expect. Not only are the odds against you, but many past winners regret having ever won!

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.