The activity: Reduce home energy costs.
The trek: Improve cash flow.
The terrain: Prosperity Quadrant I (negative cash flow; negative net worth).
Difficulty rating: Moderate to Strenuous
To save even more money on energy costs at home these are steps that can produce substantial savings:
Add insulation to the attic.
Make sure you have 10″ to 12″ of insulation between joists
Continue reading Cash Flow: Improve Income and Expenses: Reduce Home Energy Costs (Part III)
The activity: Reduce your credit card debt by having a debt reduction plan.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate
Why lower your credit card debt?
Lowering your credit card debt and eliminating it completely, will:
improve your credit score
increase your net worth
improve your
Continue reading Enrichment and Fulfillment: Control Debt: Reduce Credit Card Debt
The activity: Reduce your credit card debt by having a debt reduction plan.
The trek: Build wealth and use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant III (positive cash flow; positive net worth).
Steps you should complete before beginning this step: Get the 401(k) match
Difficulty rating: Moderate
Why lower your credit card debt?
Lowering your credit
Continue reading Wealth and Prosperity: Control Debt: Reduce Credit Card Debt
The activity: Reduce your credit card debt by having a debt reduction plan.
The trek: Build net worth.
The terrain: Prosperity Quadrant II (positive cash flow; negative net worth).
Steps you should complete before beginning this step: Get the 401(k) match
Difficulty rating: Moderate
Why lower your credit card debt?
Lowering your credit card debt and eliminating it completely, will:
improve your
Continue reading Net Worth: Control Debt: Reduce Credit Card Debt
Consider these changes to save money on transportation costs. Owning a car is a significant expense for most households. So it stands to reason that households that need to improve cash flow should look for innovative ways to save money by making transportation changes.
By now, you should have explored initial steps to reduce
Continue reading Trek IV Special Situations: Lower Transportation Costs
The activity: Reduce your automobile purchase and maintenance costs.
The trek: Improve cash flow.
The terrain: Prosperity Quadrant I (negative cash flow; negative net worth).
Difficulty rating: Moderate to Strenuous
Consider lifestyle changes to save money on transportation costs. Owning a car is a significant expense for most families. So it makes sense to improve cash flow by looking for
Continue reading Cash Flow: Improve Income and Expenses: Reduce Automobile Costs (Part II)
The activity: Reduce your credit card interest rate.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate
When we’re working hard to reduce and eliminate debt it might seem to be an uphill battle. At times like these we need all of the help
Continue reading Enrichment and Fulfillment: Control Debt: Reduce Credit Card Interest Rate
The activity: Reduce your credit card interest rate.
The trek: Build wealth and use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant III (positive cash flow; positive net worth).
Difficulty rating: Moderate
When we’re working hard to reduce and eliminate debt it might seem to be an uphill battle. At times like these we need all
Continue reading Wealth and Prosperity: Control Debt: Reduce Credit Card Interest Rate
The activity: Reduce your credit card interest rate.
The trek: Build net worth.
The terrain: Prosperity Quadrant II (positive cash flow; negative net worth).
Difficulty rating: Moderate
When we’re working hard to reduce and eliminate debt it might seem to be an uphill battle. At times like these we need all of the help we can get.
If you’re trying to
Continue reading Net Worth: Control Debt: Reduce Credit Card Interest Rate
The activity: Have a plan to reduce and control debt.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate
Debt is a valuable financial tool that requires much of us and our circumstances. If debt gets out of control we need to take back
Continue reading Enrichment and Fulfillment: Control Debt: Debt Reduction Plan
The activity: Have a plan to reduce and control debt.
The trek: Build wealth and use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant III (positive cash flow; positive net worth).
Difficulty rating: Moderate
Debt is a valuable financial tool that requires much of us and our circumstances. If debt gets out of control we need
Continue reading Wealth and Prosperity: Control Debt: Debt Reduction Plan
The activity: Have a plan to reduce and control debt.
The trek: Build net worth.
The terrain: Prosperity Quadrant II (positive cash flow; negative net worth).
Difficulty rating: Moderate
Debt is a valuable financial tool that requires much of us and our circumstances. If debt gets out of control we need to take back control.
Credit Card Debt
An earlier activity
Continue reading Net Worth: Control Debt: Debt Reduction Plan
Your home maintenance often protects or enhances the beauty of your home. However, home maintenance can also save you money every day. Here are a couple of additional things you can do to lower your ongoing energy expenses.
If your attic or basement is unfinished you can reduce your energy expense by filling in cracks
Continue reading Trek IV Special Situations: Lower Home Energy Costs
The activity: Reduce home energy costs.
The trek: Improve cash flow.
The terrain: Prosperity Quadrant I (negative cash flow; negative net worth).
Difficulty rating: Moderate to Strenuous
Home maintenance often is directed toward protecting or enhancing the beauty of your home. However, home maintenance can also save you money every day by taking a few steps to lower your
Continue reading Cash Flow: Improve Income and Expenses: Reduce Home Energy Costs (Part II)
Simplify your life and save money by automating your bill paying. Paying your bills automatically won’t in itself make you rich. But you will save some time and some money. It saves you time because you won’t have the hassle of writing a check and mailing it in.
Consider these options to automate your bill
Continue reading Trek IV Special Situations: Automate Your Banking
The activity: Reduce financial costs.
The trek: Improve cash flow.
The terrain: Prosperity Quadrant I (negative cash flow; negative net worth).
Difficulty rating: Easy
Simplify your life and save money by automating your bill paying. Paying your bills automatically won’t in itself make you rich. But you will save some time and some money. It saves you time because you
Continue reading Cash Flow: Improve Income and Expenses: Reduce Financial Costs
The activity: Improve your credit score.
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Moderate
Why a Good Credit Score is Important
Your credit score can affect you in many ways:
Mortgage Modification Lenders use your credit score when they decide whether or not to agree
Continue reading Enrichment and Fulfillment: Control Debt: Improve Your Credit Score
The activity: Improve your credit score.
The trek: Build wealth and use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant III (positive cash flow; positive net worth).
Steps you should complete before beginning this step: Get the 401(k) match
Difficulty rating: Moderate
Why a Good Credit Score is Important
Your credit score can affect you in many ways:
Mortgage
Continue reading Wealth and Prosperity: Control Debt: Improve Your Credit Score
The activity: Improve your credit score.
The trek: Build net worth.
The terrain: Prosperity Quadrant II (positive cash flow; negative net worth).
Steps you should complete before beginning this step: Get the 401(k) match
Difficulty rating: Moderate
Why a Good Credit Score is Important
Your credit score can affect you in many ways:
Mortgage Modification Lenders use your credit score when they
Continue reading Net Worth: Control Debt: Improve Your Credit Score
The activity: Control your short-term debt (credit card, bank loan, student loan, car loan).
The trek: Use prosperity to enjoy life and give back.
The terrain: Prosperity Quadrant IV (negative cash flow; positive net worth).
Difficulty rating: Easy to Moderate
Your debt affects your cash flow and net worth.
Your debt payments affect your cash flow and the amount of
Continue reading Enrichment and Fulfillment: Control Debt: Short-Term Debt
