The Lifecycle Financial Planning Approach

The lifecycle financial planning approach places all your financial activity into distinct time periods, or stages, with retirement acting as the final phase in the financial lifecycle. This approach is powerful as it provides you a clear framework for evaluating different decisions. Here are the 5 standard financial life stages encompassed in the lifecycle approach….

Simple Financial Tips That Can Make A Difference

2018 has certainly flew by and wow.. we’re going into March already? Perhaps now is a good time for us to do a stock-take on our money. Here is a couple of tips on how to keep more money in your wallet this year. 1. Don’t Do Mental Accounting When Building Your Budget Mental accounting…

2017: Try Budgeting Yearly

As the year 2016 draws to a close, I invite you to try something different for the coming year: yearly budgeting. If you’ve done any kind of budgeting exercise, you’ve probably made lists or spreadsheets of your monthly expenses. Things like rent or mortgage payments, utility bills, and student loan payments. Why should we budget…

3 Obvious Ways to Build Wealth

You don’t have to be a rocket scientist to build wealth. The wealthy understand that while being smart can certainly help you earn money, that doesn’t necessarily mean you’ll build wealth with your earnings. Likewise, being famous doesn’t necessarily mean you’ll be able to build wealth. Sure, it can help, but there are countless stories of those…

Cultivate a Healthy Relationship with Money

Cultivating a healthy relationship with money is the foundation of a rich and happy life. Just like any other relationship, for your money to blossom, it needs attention and care. You don’t want to stifle it with worry and fear, but you also don’t want to be careless. You need to get to understand it,…