Wednesday, September 30, 2009

Can you become a millionaire in ten years

So I read an article about becoming a millionaire in ten years. Now with that said you may ask how is this possible. Well the article gave some examples on how this can happen. To start for this to happen you will need to save about 996 dollars a week in order for this to happen. If you like me then you know this is probably impossible with the way the economy is and what the job market is paying these days. But if you can live frugally and also live in a 2 income home this may be possible.

Here are some steps to guide you!
1. Get a side hustle, part time job. Grant it no one wants to work 2 jobs for ten years in order to just save the money and not being able to spend what you are working hard for. This is a big problem in america which is instant gratification. Most americans want things now and cannot wait or take time to let things develop and grow. If you think about the benefits of ten years to become a millionaire, how would that change your life.

2. If you live in a two income home, think about this, if you can live on one paycheck. Gather your bills and expenses and see how feasible it will be to live on one spouse paycheck. The other paycheck can be deposited into a high yielding high interest savings account. You still will have access to the money, but it will take 3 days to get it. That will help discipline you to not touch that money and let it grow. Also think about the more money deposited the more interest it draws.

These are two things to begin to think about if you want to become a millionaire in ten years. THINK YOU CAN DO IT?

Tuesday, September 29, 2009

Why did they post that

So on the news this morning, some idiot post a poll on facebook threating the president. How dumb can you be.

First you are going to post it on a public website that everybody and their momma subscribe to.
Second in this world of terror plots and actions against America.

So now this idiot is being investigated by the CIA.. Looks like there is going to be some jail time for this person.

Moral of this story..... THINK BEFORE YOU ACT........

Monday, September 28, 2009

Becoming an Entrepreneur

Trying to start your own business can become a tidiest task. But the overall reward if you stick with it can be grand. I am learning it takes patience, research, and a little of your time daily to get things up and running.

I am at the point of I know what i want to do, now i need to take the next steps, finding a business name, applying for a EIN number, get my tax information together, market the business, and so forth and so on. Just got to keep pressing forward and trust that GOD will guide me through this.

The Idea of making money from home makes this all worth it.

Sunday, September 27, 2009

Credit Card Choices!!

Many People often carry credit cards only to keep up with the Jones's. This can lead to spending money you already don't have and put yourself into more debt than you may be in. Sometimes it is way to easy to whip out that credit card and pay for those RIMs, that new purse, or those new shoes.

To keep yourself grounded if you have to use a credit card, you should check your regular bank account and ask yourself: If I didn't have this credit card, would I be able to buy this. If your answer is no to that question, then maybe you should wait until you can give yourself a yes to that. BUT if your answer is yes to that question, then why not just use that good ole debit card to pay. Those are the type of life decisions to start with to better your financial situation.