Post From Good Bye To Broke
By Megan Updated October 8, 2018
Money Blocks That Keep You Broke Part 2 of 2
Money Worship
Money worshippers believe that money is the key to happiness and the solution to all their problems. However, they also believe you can never have enough money and, therefore, they will never be able to afford all the things they want in life.
As a result, they tend to overspend in an attempt to buy happiness, get trapped in credit card debt, and have a lower income and net worth.
Money worshippers are more likely to hoard possessions, spend compulsively, ignore or forget about their finances, put work ahead of relationships, give to others even if they can’t afford it, and be financially dependent on others.
...
Post From Good Bye To Broke
By Megan Updated October 8, 2018
Money Blocks That Keep You Broke Part 1 of 2
20 Money Blocks That Are Keeping You Broke (and How to Overcome Them)
The first time I experienced money blocks was shortly after I graduated college and started my first “real” job. Well, I should say that was when I first recognized my money blocks…
I always seemed to self-sabotage when it came to money, and it took me a long time to realize what I was doing.
After college, I turned down several higher-paying jobs and took one paying half of what other companies offered.
...
Post From ESI Money
Millionaire Interview #65 Part 2 of 2
May 28, 2018 By ESI
What’s been your overall return?
We have really only been measuring this the past 5 years (since 1/1/13). During that time we have averaged 14% a year. A bit unfair to compare this time period which has been so strong for the US Stock Market.
If we had to venture a guess we suspect that our rate of return overall for the past 30 years has been slightly less than the broad US market. If the broad US market has returned approximately 9% nominal in the time period then we suspect we may be closer to 8%.
It is very challenging to beat Mr. Market consistently and of course a portion of our money is always in cash vehicles which provide safety but lower returns.
...
Post From ESI Money
Millionaire Interview #65 Part 1 of 2
May 28, 2018 By ESI
Here’s another interview with a millionaire as we seek to learn from those who have grown their wealth to high heights.
Recaps Note: When did they make their first million - how did they make it - how do they spend it and how do they maintain it? -- As you will see in these interviews some share more or elaborate more than others on their answers – We hope you find their stories interesting with insight and advice that you will use.
My questions are in italics and his responses follow in black. Let’s get started…
OVERVIEW
How old are you (and spouse if applicable, plus how long you’ve been married)?
I am 52 years old as is my dear wife (she is actually a few months older than me which I remind her about all the time).
We have been married for 26 years after meeting in college and dating for 5 years. My wife would probably tell you that I was a slow learner in this regard.
...
