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How Helicopter Parents Affect a Child’s Finances

By |2016-06-20T09:44:54+00:00June 20th, 2016|Blog|

They lack financial responsibility. Helicopter parents often have children who are financially irresponsible. They struggle with responsibility and turn to their parents to save them. Do you rescue your children from every financial mistake they make? Parents who act as financial saviors are actually hurting their children’s ability to learn from their mistakes and make more beneficial decisions in the future. Children can become too dependent on their parents and refuse to grow up.

Become a Self-Made Millionaire by Following These 9 Practices

By |2020-10-13T23:34:35+00:00June 6th, 2016|Blog, Financial|

If you aren’t lucky enough to inherit a million dollars, you’ll have to create wealth on your own. Relatively few millionaires inherit their wealth, so you’re in good company. Most millionaires didn’t become wealthy by doing anything spectacular. They simply have a useful set of habits that they stick to religiously. Start on the path to becoming a self-made millionaire: Deal with uncertainty. Most millionaires don’t have a “regular job” and are forced to deal with more uncertainty than average income earners. Be comfortable with uncertainty. Pay yourself before you pay your bills. Save at least 10% of your paycheck before you sit down and pay your bills. If you pay yourself first, you’ll adjust your spending to accommodate your bills. If you pay your bills first, you’ll spend the remainder and save nothing. Save your money before you have a chance to spend it.