The Advantages and Disadvantages Of Having Credit Cards

Credit is a great financial too if it is used the right way.  

There are a lot of benefits when we use credit cards. Credit cards are the best way to create a financial history.  When you have a credit history, it allows you to borrow money and acquired certain things that otherwise, it will take you years.  For example, a car, or a house.  

It also allows you to rent a car, or a home, get a cell phone, getting insurance, your utilities, and sometimes even a job!

Credit cards can also protect you from robbers or fraudulent purchases.  

Another benefit is that you can track your spending as long as you open your statements and take a look at them every month.

Some people use their credit cards as an emergency fund.  It is not ideal, but I understand because sometimes putting aside 6 months of emergency funds takes time. Having it available on the credit cards, makes it convenient.  

Credit cards also offer other benefits,...

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7 Steps To Financial Freedom

Since we are little we have been imposed to get an education, then get a job, fill our lives with depreciating things and then retire and die. 

However, at some point, we realized that is not financial freedom.  That is not what we had in mind when it comes to time freedom either.

What is Financial Freedom?

Everybody has their own definition of what financial freedom is for them.  But in the end, it comes down to the same thing.  We want the opportunity to keep the lifestyle we desire without worrying about how and where the money is coming from. 

How can I reach Financial Freedom?

Today, I am going to show you 7 steps that you can take immediately, that will help you to achieve financial freedom.  No one said that it is easy, but it is possible.  

Here are the 7 Steps To Financial Freedom: 

  1. Live like you are broke.  What this means is to stop living above your means.  If you live above your means, most likely you will be...
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How To Declutter Your Life And Get More Abundance?

One thing that can make us feel overwhelmed, stressed and broke is clutter. 

A lot of people don't think about this, but there is a huge correlation between how your life runs and clutter. 

When you are surrounded by clutter, your productivity will decrease.  You can miss bill payments and offers.  You could lose valuable things.  

It is time for Spring Cleaning and it is perfect to do some decluttering in your life. I am going to be sharing with you, what is the best way to declutter in order to attract more abundance in your life.

Your Environment:

When you are surrounded by clutter in your home, your car, and your work area, you will spend more money.

You also going to lose track of things and your financial debt will increase. This will put you in a vicious cycle of confusion, chaos, and stress.

Test your surroundings, look around every single area of your house, your car and workspace and ask yourself, what do you see?

Open your drawers,...

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April, Financial Literacy Month

APRIL IS FINANCIAL LITERACY MONTH.

Do you know what the lack of financial literacy is costing you?

It is costing each individual in the U.S. a minimum of $10,000 a year.

The lack of financial knowledge is the main culprit. Only five states in the U.S. require financial education in high schools and California is not one of those states.

It is time for you to become financially literate. It is time for you to learn about and take control of your money.

In this class, you will discover financial strategies and concepts that typically only the wealthy know.

This mind-blowing class will not only allow you to learn these strategies but also to apply them immediately.

The key to building great wealth is having great knowledge. Then take immediate action as well as having the wisdom to know which course of action is the best for you.

It's time for you to make your own financial decisions. You can be in the driver seat of your finances.

Are you ready to increase your confidence about money...

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16 Financial Mistakes To Avoid

This is your life's dream, to become an entrepreneur.  You want to leave your 9-5 and achieve your dreams. You know that the journey, the endless hours and sacrifices will be worth your time because, in the end, you will achieve financial freedom.


But with entrepreneurship comes some risks. Most businesses don't reach the 5-year mark. Why? Because of mistakes that have caused them to fail.


Today I am going to show you the 16 biggest mistakes new entrepreneurs and business owners make and how to avoid them.


Not Doing Research
Before going into business, you have to do your research. Is your product needed in your current market? Do I know who is your ideal audience or client? Who is your competition? Trust me, you do have one.


Make sure to do your research prior to spending a cent on anything else. What is the point to start a business where no one needs your product? Create momentum for your product with your potential clients even prior to spending anything.


Not Having a...

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Who Should Consider Long-Term Care?

I am sure that you have heard of Long-Term Care.  However, a lot of people don't understand what that entails. Also, they think that Long-Term Care is just for aging parents.  But that is not the case.  I am going to review with you what is Long-Term Care, who is it for and how you can set it up.

What is Long-Term Care? 

Long-Term Care is paid care when you need it the most.  When you are unable to perform one of the 6 basic daily activities that are necessary to live and have a quality of life, you will need LTC. 

What Are The Six Daily Activities? 

Things like eating, bathing, dressing, toileting, walking, and continence.  The main goal of LTC is so you can keep your lifestyle as much as possible.  

Who is LTC for?

A lot of people assume that Long-Term Care is just for advanced aged individuals.  That is not 100% accurate.  There will be need of LTC as a result of an accident, a stroke, a chronic condition,...

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3 Truth Bombs About Choices And Money

 

A lot of times we say that we don't have any money.  In my experience with my clients, the problem is not that they don't have the money, but more of where they are spending their money.  

What are your priorities?  Where do you rather spend your money? 

If you have a job and you don't have money to invest for your future, most likely is due to poor money management.  Do you even know where is your money going?  Are you tracking your money?  Where are your priorities? 

I see a lot of people that as soon as they receive their money, instead of paying themselves first, they pay off their debt.  Others, just have no control over the money.  As soon as they get it, they spend it in fun or just going to bars and clubs or eating out all the time. 

Unfortunately, a lot of people are just living day by day, pay check to pay check and that is very concerning.  A lot of people are not living at their full potential and...

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The Un-retired Baby Boomers

It is being said that Baby-Boomers rather being dead than broke. This is their #1 fear. 

According to a survey made by Allianz; nearly two-thirds of baby boomers or 63% fear running out of money in retirement more than death.  

Because of this, they are seeing saving for retirement as a necessity, like food and shelter.  

These days people are living longer.  We have been able to find a way to extend our lifespan, however, we have not been able to find a way to expand our profits.  

After so many Baby-Boomers lost part or their whole retirement during the market downturn.  They are spreading the word that saving for retirement is a big deal.  Again, they feared to be broke more than death.  

As they approach retirement, some realize that they just cannot retire.  Even employers are realizing that the 65-year-old mark for retirement is no longer realistic.  Most employers know that people might...

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A Different Outlook About Debt

 

I know you are in debt, you are feeling stressed, overwhelmed due to carrying all these debts.  You can barely get by living paycheck to paycheck. 

You are doing your best to pay your credit card debt, student loans, mortgage and car loan.  You are paying the minimum on your credit cards and they don't seem to go down.  

Today, I am giving you a different outlook when it comes to debt. I want you to be able to take care of your debt without all the negative feelings and the power that we are giving to debt. 

I am going to share three steps to start the healing and so you can attract more money into your life. 

Step One:  Forgive yourself

There are a lot of negative feelings that we carry when we are in debt.  Some of those beside stress and overwhelmed is how we feel about ourselves.  Thre is a lot of blame, guilt, and shame associated with our debt. 

So the first step to heal and attract more money into our life is to...

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What Is The Purpose Of A Budget?

If you are wondering why do you need to create a budget or spending plan,  I am going to tell you on this blog. 

No matter if you like it or hate it, having a budget can help you improve your finances immediately.

The reason to have a budget or a spending plan is so you can spend intentionally on the things that are most important to you. This is the first step to financial freedom even though it sounds like it is not.  Why?  

  • First, because you will eliminate the guilt on how your money it is spent. 
  • Second, because if you create a budget and decide where your money is gonna go, you will feel in control and empowered.  
  • Third, because you know that you will have money every time to either put aside or to be able to achieve your bigger goals that are not immediate.  
  • Fourth, because it will eliminate the guessing game on where did your money go at the end of the month. 

You are planning out everything in...

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