In finance like in almost no other area, details are vitally important. When keeping records for your business, it's so tempting to cut corners sometimes or to not pay attention to the details. It's funny because in so many other areas, I advise not to sweat the small details. I talk about …
There Are No Problems
In the area of finance and business, sometimes it seems like there are a lot of reasons to stress. Starting a business can be difficult (though it doesn't have to be). Revamping your money habits and trying to be more financially responsible can feel overwhelming and discouraging. If you've …
Take the Easy Way
We're so used to believing that it's going to require a lot of hard work to start a new business. We even often call a burgeoning business a “side hustle” (probably one of my least favorite phrases ever), believing that we have to “hustle” to make anything happen. The end result of such an …
Cash vs. Accrual Accounting: What’s the Difference?
I wanted to start a new series of videos about key financial terms you should know. I believe it’s important to know at least the basics of finance in order to manage your own situation more responsibly. The first term I’m discussing today is the difference between cash and accrual accounting. …
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How to Create Financial Invulnerability — 2: Make a Plan for Your Money
Recently I started a series on how you can create financial invulnerability — a sense of financial security that is so strong, so certain, you feel invulnerable to anything that might come your way. Step 1 was to start building a 1 month buffer in your bank account, as the start of an emergency …
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Make Space for Your Negative Emotions
In the law of attraction community there is a lot of focus on positive thinking. Think positively, and you’re told that everything will work out for you. And there’s a lot of truth to this, of course. The world will reflect back to you what you are predominantly holding. But it is often …
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How to Create Financial Invulnerability — 1: Stop Living Paycheck-to-Paycheck
We all want to be financially secure. Maybe we pursue that goal by getting a higher-paying job, looking for opportunities to make money on the side, creating an emergency fund, or a million other ways we’re told we can create financial security. But recently I was thinking, what if it were …
It’s OK to Not Know
Do you know what kind of business you want to start? Do you know how you want to go about making more money? Do you know what kind of job you want? Maybe you do, and if so, that’s great. But if you don’t, there’s no need to force yourself to figure it out. Sometimes it might seem like …
Don’t Let Your Emergency Fund Create Emergencies
We all know the common advice: keep an emergency fund worth 3-6 months of your expenses. That way, in case you lose your job, or some large expense comes up you’re not prepared for, you have that money ready to go to cover that emergency. This is great advice, truly. I’m a big saver, and I’ve …
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No Need to Rush
When you really want something in life, it’s easy to want to rush to get there. You want to get to that next financial goal. You want to get to that next level of business growth. You want to get to that dream job or that promotion you’ve been working on. It’s easy to rush, rush, rush. Just …
