Education secretary says students should have additional educational and career pathways

DeVos Makes Case for Alternatives to 4-Year College I have written on the unsustainable cost of college previously. This post shares a recent Wall Street Journal Article on the topic. Ms. DeVos nails it when she discusses the lack of financial literacy. Both students AND PARENTS must become more financially literate. Enabling better decision-making and avoiding a life time of UNNECESSARY DEBT. The cost of college is unaffordable for average American ...

Read More

NOTHING YOU WILL DO IN YOUR LIFETIME REALISTICALLY, WILL WASTE MORE MONEY THAN BUYING A NEW CAR!

NEW CARS VERSUS A HUGE JUMP IN YOUR NET-WORTH I often hear or read similar below comments: I have $80,000 in college loans that are killing me. Backbreaking DEBT! I cannot afford to contribute to my 401K.I will never be able to retire.Life is unfair!I just purchased a brand new Porsche! 718 Cayman Porsche - Is It Worth It? Wait one minute - did you just say, you owe $80,000 in college loans; contribute $0 ...

Read More

SO YOU GOT A HUGE TAX REFUND – NOW WHAT?

Approximately 76 million or 44 percent of Americans paid ZERO federal income tax in 2018.  For the rest of us, about 70% will get a refund. Keep in mind because your tax bracket was most likely decreased for 2018, your refund will be smaller than 2017’s refund.   WHAT YOU CAN DO WITH YOUR REFUND- TO GROW YOUR NET-WORTH PAY OFF HIGH INTEREST DEBT If you have credit card debt, this may be a perfect use for your tax ...

Read More

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 ...

Read More

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 ...

Read More

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 ...

Read More

EASY LIFE HACK FOR REMARKABLE RESULTS (INCREASE YOUR EARNINGS BY A FACTOR OF 10!)

Did you write your 2018 goals down? Can you find them? Some of you are thinking what’s the big deal! Let’s look at a small case study to see why it is a BIG deal. “Mark McCormack the author of "What they don't teach you at Harvard Business School" conducted a study on Harvard Business School MBA program, 1979 batch. The students were asked a simple question ...

Read More

The Three Little Pigs Are BROKE!

As a child, I loved the story of the three little pigs.  But just imagine if the Three Little Pigs had a debt problem.  To be fair, sometimes we have no choice but to acquire debt: medical emergencies, loss of a job, school loans, etc.  But we must avoid choosing debt to fulfill “wants”.  If there is no emergency, and you simply have a “want”- pause for a few days ...

Read More

BUYING CRAP IS BAD FOR YOUR WALLET!

SAVE MORE BY SPENDING LESS STOP Buying Crap This is your first step to accumulating wealth.  I went to my basement last week and I saw boxes and bags of crap!!  All that crap, cost money.  And it’s just sitting there!.  My garage, same problem.So let me define crap.  Useless stuff you do NOT NEED/WANT! Let’s look at how much we can spend, annually on crap:·       Two six packs of beer/week -$625·       Daily ...

Read More