Millionaire Acts

Have you ever heard the phrase or been told you have to “spend money to make money”? Perhaps this is a new phrase to you as personal finance is all about saving and frugal living. Essentially, the phrase means that you if you allocate financial capital or resources into a particular endeavor, you will create a platform by which you can earn more money than you originally spent. Sounds easy enough, right? Well, it’s easier said than done. Check out a few examples of how to spend

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For business owners, there are a lot of ways to fund your business. You can take a loan from the bank or cooperative, use your own savings, or borrow money from angel investors and venture capitalists. For investors, one way to grow your money is to become an angel investor and venture capitalist. Both types of investors need trust into the business they’re investing in. But what separates them is their equity holdings in the business. Angel investors are usually private individuals.

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In my quest for financial freedom, I saw that one of the best business models is an internet business. Aside from the fact that most internet businesses are not both capital and inventory-intensive as compared to traditional businesses, they are also very portable which means you can carry it wherever you are in the world as long as there’s an internet connection. In this article, I will discuss one internet business and I’m referring to penny auctions. What are Penny

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There are only two things assured in this world: death and taxes. When you have a business, you also become the government’s unwilling tax collector. There are several tax laws that you need to familiarize yourself with and the best thing to do is to consult a practicing CPA or a tax lawyer. For the uninitiated or someone who never had a legitimate tax-paying business before, business-related taxes may prove to be confusing in the beginning. Sooner or later, I’ll transition from

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In one of my previous articles, I described what are assets. Kiyosaki distinguished that assets will FEED you while liabilities will EAT you. Assets bring in money while liabilities drain it out. Having said that, the true mindset of the rich having the proper mindset in financial intelligence is to build income-generating assets. And this is where the idea of multiple sources of income comes from. How many sources of income do you have? Most of us only have our jobs as our sole source of

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