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8 Money Rule of Thumbs That Will Make You Rich
There are many rules of thumb out there when it comes to life but what I want to write about are the most important ones that deal with money and getting rich. I love and rely on rules of thumb that help guide me in many facets of my life, especially managing my finances. A rule of thumb is a term for practical advice, a guiding principle based on theory or experience simplified enough to follow it (if we choose to) and yield success. What if we have the most critical rules of thumb about money to help guide us? I collected the financial rules of thumb passed on by…
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8 Money Habits of the Successfully Rich “Millionaire Next Door”
I have always been curious about the money habits of successfully wealthy individuals. Often, these habits were the catalyst that made them extremely rich. When we plan to achieve our goals, we require specific habits that will enable us to attain success and amass wealth. We can model these habits from others who are already successful. I have been a fan of the book by Dr. Thomas J. Stanley and Dr. William D. Danko called “The Millionaire Next Door.” The book is extensive research done by the authors on millionaires across decades of study. The research process included meeting over 500 millionaires in face-to-face meetings, and we learned many eye-opening…
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8 Reasons Why To Invest in Gold and Silver As Safe Haven Investments
This is my essay on why we should consider gold and silver as part of a hedge investment and portfolio diversification. Also, view this article as a video here and check out Enlight8’s YouTube channel: 1. The Federal Reserve and currency money printing. As it currently stands, the United States national debt is up at $26 trillion dollars and counting. That is equivalent to almost $80,000 for every 329 million 820,000+ plus people in America. To express how big $1 trillion dollars is, if we count 1 number every second, it would take 31,709 years to count from 1 to 1 trillion. Now times that number 26 times. This is…
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8 Reasons Why You Must Own Gold and Silver In Your Investment Portfolio
1. Gold and Silver are Stores of Value for Thousands of Years. Humanity has always treasured gold and silver due to its beauty, wealth, and rarity. Throughout the annals of history, every civilization viewed gold and silver as valuable and something to be treasured. Man’s wealth and power built around collecting and wielding natural resources always existed, gold and silver have served humanity as a store of this value. The rarity of gold and silver made it valuable as it required work and ingenuity to get it off the ground. Throughout time, gold and silver were used to showcase wealth as ornate decorations or jewelry. As economies developed, gold and…
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8 Ways to Practice the Art of Stealth Wealth
Our current society revels on excess and ostentatious boastfulness. Social media networks such as Facebook, Snapchat, and Instagram is a platform for everyone to show off what they own and what luxury experiences they are having at the moment. On TV and in movies, we are bombarded with the display of wealth and luxury goods, flashy cars and big McMansions on display. In reality, the person who displays their wealth is often not what they seem. In the book “The Millionaire Next Door,” Thomas J. Stanley and his team studied the wealthiest households in America and found a very, very interesting observation: “Twenty years ago we began studying how people…
