I never want to be the guy that gives you all fluff and this post is no different. I’m not only giving you 7 things you can do to multiply your net worth, but I’m giving you 7 things I’ve personally done to grow my own net worth. I know for a fact these 7 Read more about 7 Ways To Multiply Your Net Worth[…]
If you live in South Texas like me, you know there is very little chance of snow ever happening. As a matter of fact, I’ve been in Houston since 2004, and I’ve only seen it snow twice.
To make matters worse, snow in Houston doesn’t stick to the ground for more than a few hours.
For this reason, you’ll see kids run outside the instant they catch a glimpse of snow. Not too far behind will be their parents with cameras to snap memories of this phenomenon. […]
Emergencies happen. be prepared.
Despite what you may believe, I have not always been Michael of Black Sheep Finance.
Truthfully speaking, there was a 3 year stretch where I made almost every financial mistake you imaginable.
I don’t think I’ll ever forget the first time I actually used a credit card.
It was February 2011 in Appleton, Wisconsin.
Thanksgiving 2016 is a week I’ll never forget.
As you can probably tell by the title, that week SUCKED!
It all started the day before Thanksgiving when I got the call that my aunt, who had been in the hospital for a few weeks, was getting ready to begin chemo and was not expected to live through the initial treatment. […]
One afternoon, two young boys stood in front of their bathroom scale discussing the object at hand.
“How does this thing work?” asked one of the boys.
The other boy answered, “I’m not sure exactly, but I do know that when you stand on it, it either makes you mad or it makes you cry.”
Question: Why are you so against having a credit card for emergencies?
Short answer: It’s just a silly idea!!
Long answer: Ask yourself this question: Do I really want to go into debt right in the middle of an emergency? I mean do you REALLY want to make a bad situation even worse by adding owed interest?
Most people don’t understand the concept of opportunity cost. In basic terms, opportunity cost can be summed up by saying,”If I’m doing X, then I’m not doing Y.”
2 months before my 24th birthday, I landed a sales job with a globally known company. I got a nice bump in pay and a few other perks I wasn’t used to at the time. […]
Question: What are your thoughts on debt consolidation?
Answer: This is gonna be a long one! For those that don’t know, debt consolidation is when you take all of your debts and roll them into one lump sum. Folks usually go this route to get a lower payment or interest rate.
In my opinion, the concept is worthless and should be avoided.