You have saved some money and are ready to let it work for you. For instance, you decide to buy a couple of shares that – at first glance – seem very profitable. Unfortunately, the share price drops, and your potential profits change into a loss. This happens to many people and people, therefore, tend to think that investing is risky. The reality is that a lot of risks are pretty manageable. The double win factor is something that I use to reduce the risk and to increase the profitability of my investments. It’s not a groundbreaking theory but something […]
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How to START a WordPress BLOG on Bluehost
In this article, we will guide you through the process of how to start a WordPress blog on Bluehost. We have had a previous experience online with building websites, but we never before had a blog, so in the beginning, the process of starting was quite overwhelming. We had a lot of questions and uncertainties, such as: What is the best platform to share our information? How do we attract visitors and actually reach people with our blog? Will Google think our blog is worth showing in search results? Can we make sure people come back to the blog or subscribe? […]
The POWER of the Big Hairy Audacious Goal
During my MBA I got introduced to the concept of the Big Hairy Audacious Goal (or BHAG) for the first time in my life. I remember it well since the picture in the PowerPoint slide depicted a hairy monster-looking creature. How this monster could have anything to do with the class I was in and even with business in general? The power of the Big Hairy Audacious Goal soon became more clear. And I learned the way it can help to realize your dreams. Whether they are business-based or more personal. In short, creating your own BHAG will help you […]
Set up your bank accounts for financial SUCCESS
Thinking about financially successful people you tend to picture an expensive lifestyle. Living in an enormous villa in an idyllic dream-away place. You would probably need a bank account of a millionaire to be financially successful. Right? Or is there a secret way how to set up your bank accounts for financial success? While the millionaire’s lifestyle may be a very recognizable way, it actually hasn’t got much to do with financial success. Financial success is more about creating a situation for yourself in which you are happy with the amount of money coming into your bank account given the […]
Create ASSETS to reduce financial risk
Many people are following similar paths in life when it comes to creating income. A 9 to 5 job is the standard and after graduation, many people seek that one big source of income. Over the years they are working hard to get an income as high as possible and to continuously receive that monthly paycheck to pay their mortgage and other expenses. It is so sad that many people do not know how to create assets to reduce financial risk. That’s why job security is very important for most people and the confidence in it is enormous. How sustainable […]