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Have Some Fun With Your Money

by Funding Your Wildest Dreams on May 9, 2010 in Finances, Financial goals, FYWD Articles, Money

One advantage of being wealthy is that you can spend some of your money on the adventure and fun things you want to do.  I believe you can do this, too, as you are building your wealth.  None of us knows how long we will live, and part of wealth building is creating life experiences [...]

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Know Your Personal Tolerance for Taking Risk

by Funding Your Wildest Dreams on May 3, 2010 in Finances, Financial goals, FYWD Articles

Some of you are risk takers — you can sleep at night knowing your stocks might go down as well as up.  Others would be very unhappy, perhaps lose sleep, if your investment dropped more than 10%.  This is the whole reason to have an investment policy that takes into account how much risk you [...]

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Study Investing and Know What You’re Doing

by Funding Your Wildest Dreams on May 1, 2010 in Financial goals, Funding Dreams, FYWD Articles

Donald Trump, billionaire and financial educator, says, "The best way to invest without excess risk is to be prepared.  Learn about investments and never invest in something that you don’t  understand. " I agree.  While you can get advice from financial professionals, no one cares more about your money than you do.  Read financial magazines [...]

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If You Don’t Save Money, You’ll Never Be Wealthy

by Funding Your Wildest Dreams on April 23, 2010 in Financial goals, FYWD Articles, Money

Perhaps the greatest discipline of the wealthy is the ability to save money.  My Dad said once, “Carol, every month, save something from your income.” Even if it’s only $10/paycheck at first, do that.  If you spend everything you earn, you never can build savings and investments.  The easiest way to start saving is to [...]

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Be Mindful, Not Mindless, About Your Spending

by Funding Your Wildest Dreams on April 20, 2010 in Finances, Financial goals, FYWD Articles, Money

Wealthy people, for the most part, are not impulse buyers.  They don’t cruise shopping malls browsing to buy here and there.  They don’t go into a book store to buy one book and come out with four.  They aren’t watching TV shopping networks and ordering stuff they don’t need with money they don’t have (i.e.  [...]

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Create A Special Impound Account for Big Expenses

by Funding Your Wildest Dreams on April 17, 2010 in Finances, Financial goals, FYWD Articles, Money

Wealthy people don’t have financial surprises.  They plan ahead for big cash outlays.  Whether it is for a house remodel, a daughter’s wedding next year, a big vacation soon, or just paying your taxes in April, you need to set up a special “Impound Account” to cover big expenses before they are due.  Think of [...]

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Don’t Fight It – You Need to Budget Your Spending

by Funding Your Wildest Dreams on April 14, 2010 in Finances, Financial goals, FYWD Articles, Money

Wealthy people decide what they value, and that’s where they spend their money.  You may spend money unconsciously or at least without any particular game plan.  That’s why having written financial goals is so important.  Now I want you to take the Cash Flow Statement and see what you are valuing with your expenditures.  Do these [...]

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Using Your Talents and Interests to Make Money

by Funding Your Wildest Dreams on April 8, 2010 in Financial goals, Funding Dreams, FYWD Articles

Have you taken an inventory of your total list of talents, skills, interests?  Wealthy people utilize what they do best, or love the most, and make money offering these abilities and services to others.  Perhaps you write well and could be a ghost writer on-line via E-lance.  If you’re mechanically handy, you could do “Honey-Do” [...]

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