CREATE WEALTH BY PAYING YOURSELF FIRST

BUILDING WEALTH BY PAYING YOURSELF FIRST I am an engineer/geek and I never liked traditional budgets. Instead I save money and grow my wealth by ALWAYS PAYING MYSELF FIRST!  I am my most important debit.  BUDGETS – YAWN BUDGETS Raise your hand if you love budgeting at home or work.  That’s what I thought! Budgets sound great in theory but how many people do you know who have stuck with their budget.In a world where majority of us ...

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401k millionaires

DO YOU WANT TO JOIN THE 401K PLAN MILLIONAIRE CLUB? {KINDA OF LIKE THE MILE HIGH CLUB – BUT A LOT LONGER LASTING!}

THE MILLIONAIRE STARTER KIT - 401-K PLAN Top of the Day Dear Readers!  There are too many savings strategies that require quantum physics to understand.  Personally I hated physics.  One of the best and simplest strategies I used to maximize my wealth is the 401-K plan, especially when powered by compound interest. When you combine the magic of compounding with the 401K you will see why it is a millionaire-building tool!  ADVANTAGES OF A ...

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This Group of People Is Most Likely to Retire Broke

This Group of People Is Most Likely to Retire Broke https://www.fool.com/retirement/2019/05/23/this-group-of-people-is-most-likely-to-retire-brok.aspx If you refuse to attempt to save for retirement, it is 100% guaranteed you will retire broke! Unfortunately those people earning <$50,000, include a large percentage of women and minorities. You CANNOT keep singing the Woe Is Me, ballad! Keep reading this post to learn the action you can take starting TODAY! EXERPT FROM ARTICLE “Approximately 60% of workers who earn less than ...

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ALL THE REASONS YOUR FINANCIAL WELL-BEING IS TERRIFYING! ———TIME TO FIX IT!

FINANCIAL LITERACY   Read:  FINANCIAL LITERACY IS JUST NOT THAT COMPLICATED – TRUST ME! Click below link https://wealthbuildingpowers.com/2019/04/01/financial-literacy-is-just-not-that-complicated-trust-me/Reduce spending to live within your means. BUDGETING Read: Do You Want or Need a Cadillac? Click below link HTTPS://wealthbuildingpowers.com/2018/01/23/DO-YOU-WANT-OR-NEED-A-CADILLAC/ Calculate how and what you spend your money on now and then figure out how to put more of YOUR HARD EARNED MONEY TO WORK - WHILE YOU SLEEP!  Track your spending and see where your money is actually going because you will see opportunities to ...

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PART 3 OF 3: DISABILITY AND LIFE-INSURANCE – {CONTINUED FROM PART 2: DISABILITY INSURANCE IS OFTEN MORE IMPORTANT THAN LIFE INSURANCE}

The purpose of these three blogs is to increase your awareness of the potential severe financial impact for people suffering from chronic illnesses or life altering injuries. Either an illness or injury can abruptly end your ability to work and earn a living. Recall that 40% of Americans suffer one or more chronic illnesses.  And many struggle to survive day-to-day expenses and needs. There are actions you can take today to ...

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WEALTH BUILDING POWERS – ACTION PLAN

From my life lessons and LOTS of reading and studying, I built the below actions designed to build YOUR Sustainable Wealth. In 2018, I started drafting blog articles that outlined below actions in greater detail. As you think about what you need to create SUSTAINABLE (LIFETIME) WEALTH, let me know if I missed any major strategies or actions you would include. {Please scroll to the end of this blog and write your ...

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2019’s YEAR END BLOG – HAPPY HOLIDAYS

I started publishing Wealth Building Powers blog when I was suddenly sidelined from my professional career for health reasons. I worked in a field that strives to protect the lives and health of employees and the neighbors in the surrounding communities. I enjoyed my field and miss it as I made a difference by sending employees home safely at the end of their shifts and the end of their work ...

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FREEZE – HANDS UP AND DROP THAT CREDIT CARD!

Are you one of the 25% who is spending every spare minute and dollars you DO NOT HAVE hitting the malls and Amazon? Adding to the thousands of dollars of credit you are struggling to pay? Women incur ~$1500 in holiday debt and Men ~$1700. If you are NOT capable of buying gifts without increasing your credit debt, you need to DROP THOSE DANGEROUS WEAPONS OF WEALTH DESTRUCTION - YOUR ...

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DO YOU LOVE YOUR ADULT KIDS? IF YES – HELP THEM TO A STRONG FINANCIAL START IN LIFE!

My Dad and Mom, helped prepare me to become successful. As a father, I have that same responsibility to help my daughter succeed. I constantly read how the majority of Americans live check to check. I have been laid off too many times to live check-to-check! My parents taught me the value of budgeting, living beneath my means, growing my emergency savings, etc and I survived ...

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