I wrote my first business plan as a junior in college. The class was titled "New Venture Planning" and our only assignment was to write a business plan for whatever business we wanted to start. I Chose to create a multi-functional sports training gym in my hometown. I went through the process of preparing a … Continue reading THE IMPORTANCE OF A BUSINESS PLAN
It is important to know what types of business models are out there so that you can make the best decisions for your future business. You have to know what type of business you want to create. Do you want to sell products or services? What types of products or services do you want to … Continue reading 3 TYPES OF BUSINESS MODELS
For the past 3 months, I have been obsessed with the stock market and figuring out different ways to make money using the stock market. One efficient way to make a passive income using the stock market is to invest in dividend paying companies. What is a dividend? Dividend: a payment a company makes to … Continue reading What Is a Dividend and How Do They Work?
We all have a desire to build new habits, but we fail because we don't know how to make these new habits stick. In this post, I am going to give you 3 secrets to building new habits. Let's start at the beginning.... What is a habit? A habit is defined as a settled or … Continue reading THE SECRETS TO BUILDING NEW HABITS
WHAT IS DEBT? The money you owe another person or a business. "GOOD" DEBT Money owed for things that can help build wealth or increase income over time. Example: student loans, mortgages, business loans "BAD" DEBT Money borrowed to purchase a depreciating asset Example: cars, high interest credit cards Book Recommendation: The Psychology of Money: … Continue reading FINANCIAL LITERACY LESSONS: “GOOD” DEBT VS “BAD” DEBT