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How to Use Skill Stacking to Make Six-Figures

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Skill stacking is the art of combining several “normal” skills to create a unique combination of abilities that are extraordinarily valuable.

If your goal is to become wealthy, then increasing your earned (active) income so you have more money to invest is a critical first step. For this reason, skill-stacking is one of the fastest and easiest ways to command more money in the marketplace.

If you aren’t experiencing regular bumps in your income, then chances are that you aren’t properly skill stacking for success. [Read more…] about How to Use Skill Stacking to Make Six-Figures

What is Money Supply? The Answer in Layman Terms.

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Money supply is the total amount of money circulating in the economy at a particular time, often measured on a country-by-country basis.

The reason that money supply is important is that it can drive inflation or deflation, affect the price of investments, influence exchange rates, and in some cases, impact economic and business cycles.

For this reason, money supply is tracked by the government or central bank of each country to keep track of a nation’s economic health and stability. [Read more…] about What is Money Supply? The Answer in Layman Terms.

Will Interest Rates Go Down in 2020? COVID Forecasts and Trends.

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The Coronavirus has hit the economy hard, with U.S. unemployment claims surging to levels beyond those of the Great Depression. As of May 2020, unemployment claims in the U.S. have surpassed 36 million. With an estimated 157 million Americans composing the U.S. workforce, that number represents close to a quarter of workers (22.9%).

That is a shocking, frightening statistic. 

Given these dire circumstances, the question becomes, will interest rates go down in 2020? More importantly, how would you benefit if they do? [Read more…] about Will Interest Rates Go Down in 2020? COVID Forecasts and Trends.

Rich Mindset vs. Poor Mindset: 13 Secrets of the Millionaire Mind

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These are the massive differences between a rich mindset and a poor mindset.

Different characteristics can determine your wealth. Some studies have revealed how wealthy people think differently. If you’re interested in becoming rich there are things you can do to reach that goal.

While these differences don’t describe everyone in the two groups, they are correct often enough to merit attention. Whether or not you’re born wealthy, you can improve your income by changing how you think. [Read more…] about Rich Mindset vs. Poor Mindset: 13 Secrets of the Millionaire Mind

How to Lower Your Credit Card Interest Rate During COVID-19

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The coronavirus has had a tremendous effect on the economy, with unemployment claims skyrocketing to 26.5 million in a few short weeks. Under the circumstances, you may be in desperate need of money and resorting to credit cards to help you get the bills paid.

Unfortunately, your financial health could take a destructive blow due to the “snowballing” nature of high-interest credit card rates. Sky high rates of 15, 20 and 25 percent can become a treacherous impediment to your financial future.

Thankfully, with lockdowns underway worldwide, credit card companies are being more flexible than ever before with borrowers. [Read more…] about How to Lower Your Credit Card Interest Rate During COVID-19