Debt and financing are often misunderstood, yet they play crucial roles in building wealth when used correctly. Debt, especially when incurred through high-loan charge loan cards and consumer loans, can be detrimental. This type of debt often burdens individuals and businesses, making it difficult to invest and build wealth. However, financing, which involves strategically borrowing … Read more
From a young age, I was inspired to have financial freedom. I was always motivated by the idea of significant earnings, which led me to my first career as a stock broker. However, I quickly realized that even stockbrokers faced financial difficulties themselves on their journey of building wealth. If financial freedom and building wealth … Read more
Today’s video, The Financial Two-Step Plan: Preparing for Prosperity and Uncertainty, focuses on life and how it is full of surprises. Whether it’s the joy of welcoming a new life into the world or the heart-wrenching loss of a loved one, these moments remind us of the fragility of existence. Amidst such uncertainties, financial preparedness … Read more
When buying a new car, should I pay cash for a car, or should I financial my car instead of paying cash? Whether buy a new car or a used car, let’s look at the financial differences of paying cash vs financing a car purchase, and dive deeper into the pros and cons of buying … Read more
It’s true that paying cash for a purchase is still a form of financing, in the sense that you are using your own money to pay for something. However, there are some key differences between paying cash and using a borrowing card or debt to money management a purchase: debt charge: When you pay cash … Read more