Here are some things that inspired and motivated me this past week. Hopefully, they will inspire and motivate you to also achieve your goals towards finacial freedom. Read More
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A BMW with a payment prompts my pity rather than envy. However, if you have a paid-for home, I will likely sing your praises. This again speaks to personal priorities.
I think there is an assumption by people who don’t control their spending that those who do must not know how much fun it is to be them. What some spendthrifts fail to realize is that frugal people derive pleasure from different things. For example, Read More
Imagine a life where all your time is spent on the things you want to do.
Most of us live in financial bondage. We sacrifice our time and family to our employers in order to receive a pay cheque. We like our nice houses, but we have to keep going to work to pay our mortgages. We like our gadgets, toys, restaurants and vacations, but have to keep working to enjoy those pursuits. We give the most precious part of our lives away, for a...Read More
Even though I have been educating my kids about money management, it still seems that some of my messages land on deaf ears. My university going daughter recently received her first credit card. Here are some of the lessons I shared with her on managing her finances, especially her credit card. Credit cards are like sharp knives. They’re wonderful tools, but... Read More
Almost everybody I know, who has a mortgage, wants to pay if off as soon as possible. There is no shortage of advice on how to get the job done. At the end of the day it boils down to “pay more principal”.
Paying mortgage principal early is a powerful money saver because small debt reductions compound dramatically over the life of the loan thus eliminating many times the payment in interest. Now that we know how to pay off your mortgage early let’s look at the benefits to following this strategy... Read More
Most people know their beacon score. Very few know their debt number.
If you avoid the mailbox and pay bills only once a month, then you are avoiding knowing your debt number. By avoiding your debt, you are allowing yourself to dig a deeper debt hole. By not knowing how bad your debt situation is and just blindly making minimum payments and hiding, you are allowing yourself to...Read More |
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Advertise on TWF Friday Minute Resources Page Financial Calculators Real Estate FAQs Contact Me Subscribe via Email Who is TWF?The objective of the Thornhill Wealth Forum is to assemble like-minded people interested in wealth creation, to share, learn and prosper through knowledge sharing and networking. Our philosophy is to be supportive of the wealth of others. Share information on self-promotion or help a struggling entrepreneur…even share it with your competition. ArchivesJuly 2013 CategoriesAll |
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