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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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Decide What To Save and What To Invest

by Funding Your Wildest Dreams on April 26, 2010 in Finances, Funding Dreams, FYWD Articles, Money

To be wealthy, you want to grow your money as fast as you can.  That means taking most of your savings – money that won’t be needed for awhile – and invest it in ways that make it grow, not just earn interest.  My rule of thumb is the one year mark:  If you’ll use [...]

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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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Have Systems for Handling Your Money

by Funding Your Wildest Dreams on April 2, 2010 in Financial goals, Money

Wealthy people look at building wealth like a project — an accumulation of actions that need to be managed.  They have systems for handling their money.  You need systems, designed by you, that you will follow through with and revise as your financial situation changes.  These systems include: Tracking your money—income and outgo Reviewing both [...]

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Track Your Income As Well as Your Outgo

by Funding Your Wildest Dreams on March 30, 2010 in Finances, Financial goals, Money

Wealthy people track their sources of income monthly, too. Most of them have multiple income streams – not only from a job, if they have one, but from other endeavors that pay them money, like investments, rents or royalties, receivables from loan repayments made to them, even interest on their checking accounts.  The only way [...]

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