Principled Philosophy The Danger of “I’ll Do it Later”… There are countless heartbreaking stories about people who would have, could have, should have gotten their finances into order, but just didn’t quite have the time or energy to do it. And then something tragic occursm and it’s simply too late to go back and do [...]
Continue reading...Monday, October 4, 2010
Principled Philosophy A Risk-free Investment A dream investment for many people would be one that was completely risk-free, totally legal, completely ethical, and 100% guaranteed to bring a high rate of return. Most people would think this kind of investment could never be anything more than a dream. Unfortunately, a lot of people don’t know [...]
Continue reading...Monday, September 27, 2010
Principled Philosophy Treat the Cause, not the Symptom When it comes to financial concerns, many of us attempt to treat symptoms rather than causes. The problem with this approach is that the symptoms will always return since the cause itself was never dealt with. Here is an example. Let say someone purchases a lot of [...]
Continue reading...Monday, September 13, 2010
Principled Philosophy The “Big Picture” Plan Just like a dream house, a financial plan that is thoughtfully planned out is going to be a lot more attractive and stable than one just thrown together as you go based on momentary whims (or having a generic plan that is put together for you by someone you [...]
Continue reading...Monday, September 6, 2010
Principled Philosophy Money is important. In today’s society everyone wants and requires money to one degree or another, but don’t let your efforts to increase your financial wealth blind you to life’s other riches. This doesn’t mean you have to say no to a promotion, or turn down a promising business opportunity in order to [...]
Continue reading...Monday, August 30, 2010
Principled Philosophy Break it Down True financial freedom includes being able to control your financial assets rather then letting them control you. No matter how big the challenge, you will be in control the moment you choose to be. Whether your current financial challenge is credit card debt, raising funds for a business venture, trying [...]
Continue reading...Monday, August 23, 2010
Principled Philosophy The Worst Case Scenario Successful people understand that most opportunities require some amount of risk, but that doesn’t mean they’re willing to take blind shots in the dark. Successful people take risks that make sense, and that they are comfortable with. The first thing they do is make sure that they understand, and [...]
Continue reading...Monday, August 16, 2010
Principled Philosophy “Business as Usual” Dr. W. Edwards Deming is considered the father of the “quality movement” in business. In the’50s he did his best to get his message out to top management in the US that we needed to step things up a notch to stay global leaders in manufacturing, but at the time [...]
Continue reading...Monday, August 9, 2010
Principled Philosophy True Wealth It is true that you can’t buy real happiness (only momentary pleasures), and money without real happiness soon becomes as worthless as food without an appetite. Only principle-based wealth generation brings money and joy into one’s life. The basic recipe for building principle-based wealth is based on this kind of commitment: [...]
Continue reading...Monday, August 2, 2010
Principled Philosophy Resilience: The Key to Financial Sustainability One of the attributes that is admired of the young is their ability to bounce back from adversity. This is known as resilience. The American Century Dictionary defines resilience as: “resuming its original shape after compression, or readily recovering from a setback.” In difficult times financial sustainability [...]
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Monday, October 18, 2010
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