Category: business
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Demystifying Present Value: Unlocking the Power of Financial Evaluation
Present value, in finance and investment, refers to the concept of determining the current worth of a future sum of money or a series of cash flows, discounted to reflect the time value of money. It is a method used to evaluate the profitability or attractiveness of an investment opportunity. When it comes to real…
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3 things I did early in life that I would not do today.
A great friend and mentor of mine by the name of Ken Byrd told me years ago, before he passed away. He said, “Brian, some people have one year of experience 20 times, while others have 20 years of experience.” Back then he was talking specifically about career advice and how to grow within an…
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Why you will Never be able to Save yourself in to wealth.
One of the old adages I have heard a million times is this exact phrase. You can’t save yourself in to being wealthy. Translation: You can’t only save money and expect to accumulate wealth. It is impossible. The money you made yesterday is worth less than it is today. And it will be worth less…
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3 reasons I know your financial situation will never change for the better.
Over the the last six months I have devoted much of my writing to finances, real estate, and the overall economics of life. As I have made that transition, some of the topics I have written about can really get people motivated to push back on some of my positions. I personally love the banter.…
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How to make an extra $1000 dollars and why you should do it.
Is it really possible to make an extra thousand dollars in today’s economy? I personally believe it is easier today than it ever has been. The problem is most people aren’t willing to do what it takes to get the money. I can remember in the early 2000’s when I was in my early twenties.…
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The fast rising Interest Rates explained.
Unless you are living under a rock, then you know that the current overall economy isn’t doing that well. No matter the spin coming from the White House and its aligned corporate media telling you other wise, here is the truth. Three things are impacting the economy. Well, four if you count the overall incompetence…
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4 mindset shifts that I had to make to build wealth.
There are many ideas and requirements around what true wealth is to an individual. It could be wealth in their health, happiness, love, joy, etc. But in this post I am talking specifically about wealth from a money standpoint and the mindset shifts I had to make to start building some form of it for…
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Why do we think this is harder than it really is.
In his great book titled Change or Die, the author, Alan Deutschman makes the point, backed up by a lot of research that people really would rather die than change their habits or routines. Here is one example: Consider those patients with heart disease. Most with heart disease find themselves needing medical help because of…
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This one monthly payment made me sick every time I paid it.
Have you ever had to pay for something that you didn’t really use, but you were committed to paying for it for a certain amount of time because of a contract or some other reason? Those payments suck don’t they. You wish you could go back tell yourself not to commit to it or purchase…
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5 pieces of the BEST financial advice I have ever received.
I am sure over the years I have been given a lot of financial advice that I have incorporated in some way into my life. If you are open to learning you will seek and find nuggets of wisdom in everything you do. For this post, I was thinking about what are those pieces of…