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Inflation is the increase in the price level of goods and services over time. When price increase, the same amount of money you make buys less. In other words, inflation reduces your purchasing power. Think back on what your money used to buy ten years ago and you will see what I mean. What causes inflation? Inflation is caused by a growth in money supply. When money supply grows disproportionately

I have heard it said before that death and taxes are the two things certain in life. Paying taxes is one of the biggest killer of wealth which is why great care must be taken to plan for financial success. To be successful one has to have a financial plan or the 3 biggest wealth killers will erode your spending power. I often say it's not what you make but what

It is impossible to separate the lifestyle we lead from other areas of our lives. The jobs we do, the business we have, and where we live all affect the quality of life. I honestly believe that to build a successful business you have to envision the lifestyle you desire to have first. For example, it does not make sense for me to start a fishing business when I hate

There is a popular saying that goes like this, "he who fails to plan, plans to fail". Having no financial plan is the worst financial plan you could have as it is the surest way to fail in your finances. Downfall of no financial plan The downfall of not having a financial plan are as follows: Lifestyle creep: Having no financial plan is the surest way to suffer from lifestyle

Credit card fees could easily become one of the highest expenses an online business has if not kept under control. The best way to keep credit card fees under control is by predicting cost. Cost prediction means using your knowledge of the relationship between credit card fees and sales to forecast the level of cost at increased sales levels. For instance, you have a massive marketing campaign as a result