“Transform Your Mind, Multiply Your Wealth – Earn Your Six”
-
How to Grow Your Money Like Kim Kardashian
Despite how much I have thrown shade over the years at reality TV stars and the like, it is important to give credit where credit is due. My generation has been able to appreciate how Kim Kardashian has gone from someone famous’ girlfriend to a prolific business figure. Her life reminds me of that line…
-
10 Truths Every Adult Should Know About Taxes
If you are an adult with several years of work experience or in the formal sector paying your taxes or you are just joining this working-class world, these are 10 truths about taxes that you should know: The 16th Amendment states, “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived,…
-
How Working Out Fulfills Maslow’s Hierarchy of Needs
Maslow’s hierarchy of needs is a psychological theory that explains how individuals strive to fulfill certain basic needs in order to reach self-actualization. At the base of the pyramid are physiological needs, such as food, water, and sleep. As these needs are met, individuals move up the pyramid to safety needs, love and belonging needs,…
-
How to Negotiate Lower Interest Rates on Loans!
Negotiating a lower interest rate on a loan from the bank can help you save money in the long run. To do this, you should do your research, use your credit score to your advantage, and consider a secured loan. By approaching the bank armed with knowledge, asking the right questions, and being persistent, you…
-
What are The Glass-Steagall Act of 1933 and the Gramm-Leach-Bliley Act of 1999?
The Glass-Steagall Act of 1933 and the Gramm-Leach-Bliley Act of 1999 are two important laws that have shaped the banking industry in the United States. The Glass-Steagall Act, also known as the Banking Act of 1933, was passed as a response to the financial crisis of the 1930s. It aimed to prevent banks from engaging…
-
What Is The Federal Reserve Act and the Banking Act of 1935?
The Federal Reserve Act and the Banking Act of 1935, also known as the Banking Act of 1935, were a set of laws passed by the United States Congress that aimed to reform the country’s banking system and stabilize the economy. The Federal Reserve Act created the Federal Reserve System, a central banking system that…
-
How do Banks Make THEIR Money?
Banks generate revenue through a variety of sources, but the majority of their income typically comes from interest on loans and fees charged for services. Here is a breakdown of how banks make the majority of their income: Interest on loans is the largest source of income for banks, accounting for around 60-70% of their…
-
Financial Success by “Living Off The Pile!”
Learn how to use dividends to achieve financial independence and protect against inflation with the living off the pile strategy. Read our blog post now!
-
The 50-30-20 Rule. What is that?
The percentage of income that most millionaires invest can vary widely depending on factors such as their age, risk tolerance, and personal financial goals. However, it is generally recommended that people save and invest a significant portion of their income in order to build wealth over time. One commonly cited rule of thumb is the…
-
New Report by Morgan Stanley: 20% Crash Incoming
Morgan Stanley chief US equity strategist Michael Wilson has forecasted that investors may suffer more in 2023 with a looming recession leading to the S&P 500 falling as low as 3,000 points, which is more than 20% from its current trading level of around 3,900 points. The main reason for the bearish forecast is that…
Got any book recommendations?