While there is no shortage of books, DVDs, courses, coaching and live seminars on wealth-building, they are all based on an assumption that you have the basic foundation you need to increase the amount of money flowing into your life. A wealth-building program you buy may focus on themes like getting ahead in your career, building your own business, or creating a robust investment portfolio.

Although you may be incentivized to sign up for a program because there are numerous testimonials of past students who have done well, you may not succeed as well. If you do fail, you may attribute it to one of two things: either you did not learn and apply the techniques or the techniques themselves are not as effective as promised.

However, there is another alternative. You don’t have the basic foundation to become financially empowered. For instance, if you’re taking a course on how to start a home-based internet marketing business but don’t understand the financial relevance of a simple question like, “how much does wifi cost a month?” then learning sophisticated marketing techniques will not help you prosper. This is because if you don’t know how to manage your overheads, you are unlike to turn a profit.

Reasons Why People Are Often Broke

If you’re like most people, you may assume that wealth or poverty is due to circumstances. The economy is bad. You didn’t get the right technical education. You’re working for the wrong corporation. While these reasons may be true, there are actually 3 common reasons why you may be broke:

1.You may not have sufficient education to apply for a well-paying job. Consequently, you find it difficult to acquire the skillsets to escape the cycle of low-paying entry level jobs.

2.You may never have had the career breaks that you needed. Although you may have the education and skillsets to do well in your field, you may not have been able to advance in your career. Perhaps, you chose the wrong field or have always worked in corporations that didn’t offer many chances for career advancements.

3.You may lack the ambition, drive, grit and determination to make the best use of the opportunities that you have been given.

There is also a fourth reason, which is often overlooked – you may not lack earning ability, but the ability to manage your money. Once you build the basic foundations, then you will be able to prosper.

Let’s take a closer look at how to build a foundation for financial empowerment.

7 Foundations of Wealth

The reason why you may not be making the money that you need to improve your standard of living is not because you have failed to pick the right line of work to get ahead but because you are missing the following 7 foundations of wealth:

1. Setting goals and making plans.

Everything starts with a clear goal. Without a goal, you have no sense of direction. So, it’s important to create a financial reset goal to change your financial future. Once you have a goal, then the next thing is to create a plan to realize your goal. While your plan may not work the first time, by continually revising your plan to adjust to reality, you will eventually be able to achieve your goal. Both your goals and your plans have to be written down and tracked.

2. Creating a budget.

A budget will let you manage the money coming into your life much better. If you only have a vague idea of your fixed and variable costs, relying on guesswork to get you through to the end of each month, then you are probably spending money on things that you don’t need while depriving yourself of things that you do need.

3. Paying off debt.

We live in a debt-creating society. The ability to use credit cards and pay high ticket items through small installments encourages almost everyone to get into debt. It takes discipline to avoid spending more than you earn and stay on top of paying your current expenses. We are surrounded by temptations.

4. Building up savings.

Few people save for two reasons. One, the cost of living is constantly rising. This inflationary trend means that the money you put into a bank account will dwindle in purchasing power the longer you leave it in there. Second, the interest a saving account will give you is less than the rising cost of making a living. However, despite these good reasons not to save, savings are still important. If you have extra money in the bank, you don’t have to borrow if you experience a financial emergency. Another good reason to save is that you might be able to take advantage of an investment opportunity that comes your way.

5. Creating new income streams.

The best way to create new income streams is to add an income stream that fits in with your current line of work. This way you are building on established skillsets. Ideally, focus on earning this additional income through some passive income stream rather than working more hours.

It’s a huge leap to expect to improve your financial situation without first mastering these 7 foundational ideas. However, once you have mastered these principles, the financial opportunities that you try will stick.

Let’s face it: moving house can be the most stressful time in pretty much anyone’s life. Luckily, there are a few things you can to do make it marginally less terrible – here are some things that you should invest in to help you relax and get through moving day.

A Hotel

If you’re in the process of moving house, chances are you’ll spend a couple of nights in absolute hellish disarray. If you have kids – or even if you don’t have kids and you just don’t want to spend a few days sneezing from the dust – then why not invest in going to a hotel for a couple of nights? You can keep some of your clothes there in a state that means they won’t get dirty or accidentally packed, you can have breakfast and dinner without having to dodge around half packed boxes of plates, and you’ll be able to shower in a bathroom that isn’t mostly ripped out. Heaven!


It’s pretty much always a good idea to pay someone else to move house for you. Not only will it be a whole lot less stressful for you, but a mover will know exactly what they’re doing so they’re much less likely to accidentally smash your favourite vase than you area. Handing over such a monumental task to someone else will instantly make you feel at least five billion times less stressed out and exhausted.

Packing Materials

If you don’t want to invest in movers then it’s a good idea to get some excellent packing materials. Go for large boxes and don’t just rely on a few weeks’ worth of newspapers – get rolls and rolls of bubble wrap and paper to wrap your most treasured possessions in. You and your partner will never be able to move all your furniture in one day, so why not enlist a few friends to help? Remember that if you don’t provide pizza and beers throughout the day, you might just be shunned thereafter.

An Interior Designer

If you can’t decide what to do with your new home and you aren’t really all that interested in interiors then why not hire a designer? If you give them your specifications like your favourite colours, your budget and what exactly you want to use each room for, then they’ll come up with solutions that you could never have thought of in a million years. It’ll be a huge weight off your shoulders and you’ll also end up with a home that will be the envy of all your new neighbours.


Go on. You deserve it. On your first night in a brand new house, there really isn’t any chance that you’ll be cooking, and you definitely won’t feel like eating the sandwiches that you’ve kept in a coolbag all day that are starting to wilt and get a little curly at the edges. Instead it’s time to splash out on takeout – check out your local pizza places or get some Chinese food. After all, it’s very important to start getting to know your new neighbourhood in culinary terms!


Unless you’re talking sports, the word competition often has a negative ring to it, especially in the context of a workplace. It brings to mind catty co-workers, backstabbing colleagues, bosses holding you down and subordinates clawing their way up.

The most stressful and stomach ulcer-inducing scenario is likely to be when you find yourself in a competitive scenario with a team member of equal talent and knowledge—someone you may value and respect and perhaps even have a healthy relationship of trading professional advice with. How do you deal with the new, competitive situation, and what can you do to limit tension when one of you ends up receiving the much-desired promotion?

Limiting Workplace Tension

There is always some level of competition at work, even without the race for promotion. It you are overly sensitive to it, and find yourself feeling more threatened than inspired by excelling colleagues, you might have to start looking for ways to deal with your own approach. After all, fear and jealousy won’t necessarily bring out the best in you, neither in your work nor in your relationships, and the vague threat of being left behind by better suited colleagues might become a real issue.

One thing you can do to help combat the feeling of inadequacy is to get a mentor, especially one who will help you value your own success and limit the negative comparisons going on in your head.

There is also the notion of an abundance mindset versus a scarcity mindset, best described by Napoleon Hill who wrote the 1937 bestseller Think and Grow Rich. He contrasted the view of an abundance mindset, where a person thinks there is enough love, money, and success for everyone to have everything they want, to a scarcity mindset, where a person thinks there is a limit to the quantities, so that there is not enough for everyone to enjoy. All successful people, according to Hill, have an abundance mindset, and adapting that philosophy may help you focus on your own work rather than worrying about the prosperities of your colleagues.

Promoting a Balanced Mind

When that one promotion is opening up, it will directly benefit only one person. You may feel the stress the minute you realize your colleagues have also applied, and you will have to find a strategy to continue working together without tension, and to deal with it gracefully if the person promoted does not end up being you.

Don’t let the awkwardness build. Tension won’t help you get the promotion, especially if it comes from you. Don’t suddenly avoid your colleague, but try to address the matter. A friendly mention like, “I heard you’re applying for the new position. I put in my application as well, let’s keep our fingers crossed one of us gets it” will help create a positive tone and a sense of being in it together. Remember that there is such a thing as healthy competition. Getting inspired by talent in one’s field is a strong incentive to drive us forward to excel, and both of you are likely to come out of the process with a sense of achievement.

Naturally, you’ll want the position for yourself, but should your colleague end up the lucky one, you’ve now proved that you’re a trustworthy teammate even in challenging situations. Chances are you’ve now gained a supporter who will root for you as his or her replacement when moving up the ladder, or recommend you for similar positions.

Tension, on the other hand, will most likely have the opposite effect, and can even risk get you fired if your former colleague is now your new boss. This, of course, holds especially true if you’ve let the stress of the situation cloud your good judgement. Don’t play dirty! Trying to make yourself look good in front of your boss by discrediting your competitor will very likely have the opposite effect and end up costing you the promotion.

Your boss will not only deem you too immature, but also your working relationship with your colleague again will be very hard to revive. One thing to remember, and this is especially important: DON’T SULK. Nothing gives off a worse vibe and people will notice this type of immature response immediately.

It may be difficult to lose gracefully, and you may need some time to pick yourself up. However, make sure to congratulate the other person on his or her success, and to know there are no hard feelings. Keep any meltdowns outside the office, and treat yourself kindly. On the other hand, if you come out on top, it’s equally important not to flaunt your victory. It’s normal to be happy and thrilled, as you should when your hard work is rewarded, but don’t rub it in your competitors eyes. Play fair and your graciousness won’t go unnoticed.

Christine Sato founded the site CPA Review Courses – an online resource dedicated to helping professionals pass all four sections of the CPA Exam on their first try. Christine provides reviews of cpa prep courses and gives expert tips on her cpa blog to ease the process of becoming a CPA.


Americans have a bad habit at the end of each year. From Thanksgiving onwards, we tend to overspend during the holidays. How could we not, when wild Black Friday and Cyber Monday deals precede month-long sales? It’s easy to get swept up in the festivities as we charge gift after gift on our credit cards. But most of the nation has a little buyer’s remorse come the New Year. With fresh eyes we see the state of our bank accounts after another holiday goes off the rails. As a result, fiscally responsible goals tend to top the list of popular New Year’s resolutions.

While the exact number depends on the source, most credible organizations estimate the average American spends just under $1,000 on the holidays. Anyone who understands how averages are made means that there are just as many Americans who spend well over this figure as there are those that pinch their pennies. According to the National Retail Federation, those big spenders are found in your very own state of Texas. Some cities, like Flower Mound, spend over $2,600, proving that everything is bigger in Texas.

Whether or not your holiday budget was anywhere near Flower Mound’s astonishing average, your bank account is probably still hurting from the festivities. Seasonal cheer can leave you unprepared when necessary purchases, unexpected bills, and surprise repairs come calling in the New Year. When you live in Texas, a CAB (the acronym for Credit Access Business) offers a flexible safety net at any time of the year. CABs like MoneyKey have certification from the Office of the Consumer Credit Commission to broker installment loans on your behalf. These financial products range between $200 and $1,000, and they follow a staggered repayment plan that coincides with multiple pay days.

To see if you qualify for an installment loan, read up on the requirements listed at Moneykey.com/flexpay-installment-loans-online.php. This is also a great resource for understanding how these financial products work in greater detail. You’ll learn how a CAB negotiates and then facilitates a small dollar loan on your behalf and what kind of rates, terms, and conditions you can expect. If these seem like a manageable addition to the repayment of your principal, you can go directly to their simple and quick application form from this page.

An important step of borrowing money is determining if these rates and terms are appropriate for your financial capabilities. While a CAB like MoneyKey can make it easier for you to recognize their products and process with clear, defined language, only you know your limits. It’s your responsibility to choose a CAB with your best interest at heart. When you find a CAB that offers responsible lending options, then you can recover from your holiday overindulgences faster and with less hassle.

Being good at your job may mean that you are well respected in the workplace but it may not be enough to get that promotion you are seeking. There is a big difference between being able to work efficiently and effectively and being able to inspire other people to do the same. If you want to move up the ladder into a leadership role there are certain skills that you need to develop.

If you need help with leadership development there are professionals, such as inspirationalworkplaces.com who can assist you. We are going to take a look at some of the areas that the professionals will advise you to develop if you want to gain promotion.

Problem solving

One of the major skills that any leader needs is the ability to effectively solve problems. Of course, you may have to solve problems in your current role but once you enter management level the buck often stops with you. This is why it’s important that you are able maintain a cool head if issues arise. You also need to develop your ability to think creatively; you can do this by widening your knowledge of the business and the field in which is trades. Doing this provides you with a better foundation on which to build your creative thinking.

Risk management

Developing your risk management skills can help ward off some of the problems that you may otherwise have to solve. Many people know more about managing risk than they first think they do. After all, how many times have your foreseen a problem at work and started to do things differently in order to avoid potential issues. Obviously, there is more to a risk management process than this, but you have the basics in place. It’s all about being able to identify potential risks, then mitigate against them. Risk management is an important skill to have when you have resources such as staff and budgets to manage.

Leading people

One of the most important things you need to do if you progress up the management ladder is develop the people you are leading. Delegating tasks is one of the best ways of doing this. Delegation should never be used as a means of just shifting work onto someone else. It should be used as a means of making sure that you do not have to deal with every aspect of your role yourself while developing the skills of the person you delegate to, at the same time. One of the most important things to remember is that you should never micromanage when you delegate. You have to trust the person you have given the task to, while also offering support if they need it.

These are not the only skills you need to develop of you want to achieve promotion, but they are very important. If you spend time developing these skills, you stand a much better chance of being successful in any promotion attempt.