B’s Finance Minutes

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Goal Setting

In today’s Finance Minute, let’s talk about Goal Setting.  If you Google SMART Goals you will get 290,000,000 hits.  It is the highly utilized way of setting goals.  I am not going to talk about that.  What I am going to talk about are what are the 3 extra steps that you can add to make your goals into

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The Path to Financial Success

In today’s Finance Minute, let’s talk about the path to Financial Success.  In the movie Alice in Wonderland, our heroes followed the yellow brick road to Emerald City.  I compare the Emerald City to the Kingdom of Millionaires. In Thomas Stanley’s book, The Millionaire Next Door, he studied the behaviors that are common amongst the Millionaires.  If you want to

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Is Money the root of all Evil?

In today’s Finance Minute, let’s talk about the expression “Money is the root of all Evil”.  When you hear that, do you see money with horns and spiky tail?  It’s interesting how this expression is giving money a persona or the ability to create.  Money is neutral, it’s an object, it doesn’t move by itself.  The creation, and

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The Magic of Compound Interest

In today’s Finance Minute, let’s talk about the magic of Compound Interest.  Do you know how long would it take you to double your money?  You can use the Rule of 72 to figure it out. All you have to do is divide the interest rate into the number 72.  For example, if you were getting 8%

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Timeless Truths about Real Estate Investing

In today’s Finance Minute, let’s talk about Timeless Truths about Real Estate.  When we say timeless we mean it’s just as good or true now as when it was created. John D. Rockefeller said the major fortunes in America have been made in land.  Andrew Carnegie said 90% of all Millionaires become so through owning Real estate.  Let’s

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