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8 FINANCIAL WELLNESS TIPS TO HELP YOU IMPROVE YOUR FINANCIAL WELL-BEING IN 2022

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Financial Wellness Tips

Did you make a new year’s resolution for better spending habits? To put more in savings, eat out less often, and check every line of your credit card bill? And you did it… for a few weeks.

Research shows that many resolutions fail by February or even by mid-January. We start with the best of intentions, but for a variety of reasons, we don’t make it to the goal.

Your money will help you achieve your lifestyle goals. Being clear on what your goals are, how your money can help you reach those goals and then regularly checking your progress will keep you on track.

It’s not too late to make this the year you take control of your finances! Here are 8 best practices for reaching financial wellness in 2022:

Best Financial Wellness Tips for 2022

Best Financial Wellness Tips

1. Create a Financial Vision Board.

What are your goals for this year? Travel? Monthly massages? What are your five-year goals? Moving? More emergency savings? Identify what is most important to you, and make sure to delegate some spending to those things. This is your financial “vision board.”

In making a budget, don’t just include food, housing and other needs. Include categories from your vision board. Since you will be watching your money to help you achieve your goals, you may check-in more often!

2. Build Your Emergency Savings… and Keep Them Safe.

Set aside some money with each paycheck for unexpected expenses, like car repairs or a lost job. Many financial experts recommend putting aside 3-6 months of living expenses, though you can certainly save more.

Make sure anywhere you store your emergency funds are FDIC insured for your protection. For flexibility, open both a savings account and a brokerage account. However, I don’t recommend storing emergency savings in an IRA, ROTH IRA, or 401K due to the tax implications involved with taking distributions.

3. Make Sure You Have Some Fun, Too!

There will be random moments you don’t want to pass up. Make a budget to meet your needs and work toward your goals but leave some room for a bit of spontaneous fun!

Making sure you have some fun along the way will help you better enjoy and maintain a budgeting habit.

4. Optimize Your Payments for Increasing Interest Rates.

Interest rates promise to increase during 2022. If you have debts, compare the interest rates of each. Pay off the high-interest debts first. (Credit cards often have high-interest rates.)

If relevant, consider refinancing your mortgage. You may be able to secure a lower interest rate or shorter-term duration. It is well worth the investment if the cost of refinancing is less than the amount you’d save by refinancing.

5. Be Ready for Inflation and Supply Chain Disruptions.

Even a small increase in the cost of food, gas, or heating can have a significant impact on your finances. Add an extra 10% to your living expenses to account for inflation or unexpected expenses.

Thinking about a construction project or a new car? The supply chain disruptions have significantly impacted the cost of lumber and vehicle computer chips. It’s a great time to sell but not an ideal time to buy. Consider waiting for a year to buy as the prices may decrease.

Is there a possibility you’ll need a lot of cash soon for a large project or expense? If you have a house, consider getting a home equity line of credit, as your home’s value may have increased. The amount you can borrow may have also increased.  

6. Continue Investing.

It is still worthwhile! to invest! Even as the market faces the challenges of the past years, stocks still are benefiting from increased value year over year. To avoid investing a large amount at a bad time, add smaller amounts consistently.

Additionally, rather than investing in just one or two stocks, diversify your allocations. This way, if one stock or industry has a market decline, you still have investments in others that may perform better.

7. Make It a Habit to Check in.

If you do nothing else, do this: periodically check in on your finances during the year.

After creating your goals and forming a budget around them, check back in regularly. It can be monthly, quarterly, or even biannually. During your check-in, compare your projections with where you are.

If your need is larger in an area than you projected it would be, shift your projections. Readjust your budget going forward. A lot can change over a few months, so be shifting your budget as your priorities shift as well.

8. Keep Guilt at Bay.

Regardless of how the people around you spend their money, focusing on your goals will help you reach and maintain good financial health.

And if you overspend? Again, readjust your budget going forward. Don’t let guilt or a setback stop you from striving to achieve your goals.

Budgeting does not have to include tracking every single dollar you spend on a spreadsheet. It is about having a general awareness of where your money is going. Being financially mindful and strategic will help you achieve financial wellness and, ultimately, your goals.

So, follow these handful of financial wellness tips and you’ll be well on your way to improving your financial well-being in 2022 and beyond!

Till next time,

STRIVE

PS – If you enjoyed this article on financial wellness tips, then you’ll likely love these invaluable tips for good money habits.

April Bortscheller is a Financial Advisor and Vice President for Berger Financial Group, a full-service employee-owned (ESOP) firm specializing in financial planning, income tax and portfolio management with a majority of its financial advisors being women. Since obtaining her CFP® certification in 2011, April has specialized in analyzing the bigger picture while remaining uniquely personalized and ethical, both for clients and the firm. April received her B.A. from the University of Minnesota and served 8 years in the Army National Guard. She is based in the Minneapolis area and enjoys spending time with her husband and 3 children.

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SURVIVING DEBT: HOW TO BOUNCE BACK FROM FINANCIAL SETBACKS

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Surviving Debt

If you’re looking for some strategies for surviving debt then you want to read this article. We wrote this article after learning about some recent statistics that show the average American debit is estimated around $90,460.[1]

These statistics show that a large part of the American population likely live paycheck to paycheck, and that they are at extreme risk of experiencing financial hardships. Financial hardships that they might not recover from due to lack of savings and high debt.

That said, living paycheck to paycheck is the biggest money fear among individuals and it’s a key reason many people don’t have much savings, and have lots of debt. Other causes include low income, a high cost of living, medical emergencies, all of which often leads to a financial crisis. 

Regardless of where you stand financially, its always a good idea to brush up on effective ways to manage your own money better. Doing so may just help you avoid any hardships caused by future financial crises. So, if you’re ready to learn about some strategies for surviving debt, let’s dive in:

SURVIVING DEBT AND BOUNCING BACK FINANCIALLY

Best Tips for Surviving Debt

1. Don’t Let Money Worries Take Control 

It is normal to worry about your financial problems, and to some extent, you might start blaming others or an event for your current status. But wallowing and blaming will not turn the situation around. Instead of living in misery and worry, accept reality, let go of what you can’t control, and then hyper-focus on recovering from your financial setback. 

However, if you overspend when hit by a challenge, recovering from a financial crisis can be difficult. You might end up spending your savings and retirement funds, and as a result, get into unwanted debts.

To avoid getting into more economic problems, beat your financial stress by talking positively about your losses, get accustomed to the current events, control your emotions when accessing your situation, and set your mind to searching for effective strategies to recover.

Even if some of these tips seem far fetched, they are actually some of the best ways to overcome money worries. It is also vital that you take practical steps, such as finding an extra source of income and reducing costs. 

2. Improve your Credit Card Score 

The first thing lenders look at before lending money is the credit score. Your credit card score determines whether you are capable of paying loans on time or not. When your credit score is high, lenders approve your loan applications faster, offer low-interest rates, and flexible payment terms. In the event of a financial crisis, maintaining a good credit card score can be difficult, given that you have outstanding debts.

As a result, taking personal loans or getting a new line of credit will be impossible. That is why improving your credit card score should be a top priority in your plan for financial stability. 

Although fixing your credit score is something you’ll think of when you encounter money issues, it is not difficult to achieve. The first step is to assess your credit card report. All you have to do is get a copy of your report from the national credit bureaus-Equifax, TransUnion, and Experian via the official AnnualCreditReport website.

Set aside enough time for reviewing each report to identify factors affecting your score. Factors such as late or missed payments, collections, judgment, and high credit card balances lower your credit card scores. 

After reviewing your financial report, consider disputing negative points such as judgments and collection accounts, which may result from a payment dispute between your insurance company and health provider, for instance. You may also dispute incorrect late or missed payment entries. For example, your mortgage lender may reveal a late or missed payment, when, in reality, you had paid on time.

Alternatively, you may choose the services of a credit repair company to dispute derogatory marks. While there are many credit repair companies, not all guarantee quality services. Therefore, review each company before committing to ensure that they have a strategy for disputing errors and negotiate with creditors to improve your credit score. 

3. Make an Inventory of Your Finances 

As difficult as it may be, making a list of the resources you have left and the liabilities you face is a crucial step towards financial recovery. You will have a clear picture of how big the challenge is and how it might affect your future fiscal plans. But before listing down your assets and debts, evaluate your spending habits.

If you have not been attentive with your expenses, go through receipts from gas stations, grocery shops, and restaurants to find out how much you spend on basics. Also, calculate your monthly costs, for example, how much you spend on rent or mortgage, insurance premiums, and utility bills. 

Once you have analyzed how you handle money on a day-to-day basis, write a list of your assets and remaining funds. Taking inventory of your finances means sorting out the resources that belong to you from what others have a claim on. In simple terms, keep track of what you have left and what you owe. After calculating the total of your remaining assets, subtract from it the total amount you owe to find your net worth.  

4. Define your Financial Goal

Defining your financial goal helps you focus on improving your monetary status and finding stability. Determine where you want to be financially within a specific period. Set a goal and be specific about it. Many people have financial objectives but struggle to achieve them because they do not apply the SMART goal setting system.

By implementing the SMART goal setting strategy, you become specific about your goals. For instance, saying that you want to become rich is unclear and too general. 

When setting a financial goal, be specific about how much money you want to have in your savings account or the amount of debt you wish to pay off within a specified period. You can set a goal to save $5,000 of residual income or pay off debts worth $3,000 per month. Apart from being specific about your goal, you must have a way to measure your progress towards that goal. If saving $5,000 of your income per month is your goal, then the amount in dollars is measurable every month. Also, consider breaking big goals into small and realistic goals. Determine how much you should have in your savings in one, two, or three years. 

The next step is to ensure that your goal is attainable. An attainable goal gets you out of your comfort zone while you live within your means. A good objective is one that challenges you to work hard towards success. This should not be too difficult, as it may lead to financial failure. On the other hand, you should not set an easy goal, as it will not help you stretch your ability to have fiscal discipline.

Another aspect that may lead to failure is setting unrealistic goals. If you have filed for bankruptcy, setting a goal to become a millionaire in less than a year is unrealistic.

Set a deadline for when to achieve a specific goal. If saving $10,000 per month for a whole year is your goal, give yourself a time-frame. Without a deadline, you will not achieve a financial goal even if it is measurable and attainable. 

Related: Smart Financial Moves

5. To Survive Debt Create a Financial Plan

Achieving set goals is impossible if you are not strategic with your finances. To recover fully from an economic crisis, you need a personalized plan to guide you from setting objectives to recovering from bankruptcy. However, before you can start developing a financial plan, it is worth noting that people experience different issues with personal finance. So avoid comparing yourself with other people when creating a personal financial strategy.

The first step is to have a budget in place, depending on your current income and expenses. Relying on your current situation helps you create a realistic budget. Evaluate how you spend your money and determine if the extra money you have can help you achieve your financial goals. If not, consider re-examining your budget; cut unnecessary expenses to develop a budget you can live within.

Next, pay your debts with high-interest rates first, while avoiding more liabilities. However, this method applies to those with high discipline when it comes to money management. If paying off loans with low-interest rates keeps you moving, start there. 

6. Stick To Your Plan

Saving small amounts of cash while paying off loans is an effective strategy you should apply in your personalized financial plan. Open an emergency fund where you can deposit some money every month. That way, you will limit the use of credit cards when emergencies occur. If you are fortunate to earn extra income in your current company or another job, contribute extra cash in your retirement fund or investment plan.

The reason you are creating a personalized financial blueprint is to prevent financial problems. Therefore, develop a long-term savings plan you can adapt and stick to regardless of the emotions or events happening around you. 

We all face economic hardships at some point in life. However, each situation is unique, and how you react towards your monetary problems determines whether you will bounce back or stay broke. Letting your emotions take control after bankruptcy or financial loss is one of the primary reasons some people don’t get back to financial stability. Depending on your monetary situation, creating a plan to recover is essential. Focus on settling debts, increasing your savings, and attaining financial freedom. 

Final Thoughts on Surviving Debt

After developing a financial plan, take the necessary actions to implement it and keep track of the results. Consider concrete solutions such as finding an extra part-time job, saving at least 20% of your income in an emergency savings account or contribute to your retirement plan.

If, for instance, you are in financial problems because of bad spending habits, try to limit your expenses. Reclaim what brings you joy in life and find cheaper alternatives to things that don’t. You will be surprised that the most affordable option will bring much joy while you save more. 

Till next time,

STRIVE

PS – If you enjoyed this resource on surviving debt, then you may also enjoy these other supporting resources to help you strengthen your money mindset, and with it, your financial stability:

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25 BENJAMIN GRAHAM QUOTES TO HELP YOU BECOME AN INTELLIGENT INVESTOR

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Benjamin Graham Quotes

Benjamin Graham is a name you may not recognize if you aren’t familiar with the icons of the investment world, but it is a name that everyone who aspires to build wealth through investing should eventually learn of.

This page is dedicated to some of the most powerful words uttered by the late great Benjamin Graham. In essence, these quotes will convey the heart of Benjamin Graham’s investing philosophy, which is, that one should become the type of investor who replaces guesswork with discipline.

What type of disipline you ask?

Discipline by the way of putting in the work to learn about the company you plan to put your money to work in, discipline by way of taking the time to understand the fundamentals of the financial markets, and most importantly, discipline by way of harnessing the self-control to keep yourself from throwing your hard-earned money towards what’s popular and pulling your money when everyone else is pulling their’s.

So, if you’re looking to gain a little inspiration and learn a few of Benjamin Grahams critical investment lessons, these quotes will do the trick… Enjoy:

25 BEST BENJAMIN GRAHAM QUOTES

Best Ben Graham Quotes

1. “To enjoy a reasonable chance for continued better than average results, the investor must follow policies which are (1) inherently sound and promising, and (2) not popular on Wall Street.” – Benjamin Graham

2. “He will take the big rise not as a danger signal of inevitable fall, not as a chance to cash in on his handsome profits, but rather as a vindication of the inflation hypothesis and as a reason to keep on buying common stocks no matter how high the market level nor how low the dividend return. That way lies sorrow.” – Benjamin Graham

3. “An investment operation is one which, upon thorough analysis promises safety of principle and an adequate return. Operations not meeting these requirements are speculative.” – Benjamin Graham

4. “The markets will most brutally surprise the very people who are most certain that their views about the future are right.” – Benjamin Graham

5. “Be sure it is yours before you go into it.” – Benjamin Graham

6. “Few people seem to have been bothered by the thought that the very extent of the rise might indicate that it had been overdone.” – Benjamin Graham

7. “The rate of return sought should be dependent, rather, on the amount of intelligent effort the investor is willing and able to bring bear on his task.” – Benjamin Graham

8. “In the end each one must make his own decision and accept responsibility therefor. We suggest, however, that if the investor is in doubt as to which course to pursue he should choose the path of caution.” – Benjamin Graham

9. “Long experience has demonstrated that the ordinary investor is wiser to keep away from such high yield bonds. While taken as a whole, they may work out somewhat better in terms of overall return than the firs quality issues, they expose the owner to too many individual risks of untoward developments, ranging from disquieting price declines to actual default.” – Benjamin Graham

10. “While enthusiasm may be necessary for great accomplishments elsewhere, on Wall Street it almost invariably leads to disaster.” – Benjamin Graham

11. “A serious investor is not likely to believe that the day-to-day or even month-to-month fluctuations of the stock market make him richer or poorer” – Benjamin Graham

12. “The investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is perversely transforming his basic advantage into a basic disadvantage.” – Benjamin Graham

13. “Nothing important on Wall Street can be counted on to occur exactly in the same way as it happened before.” – Benjamin Graham

14. “The intelligent investor is a realist who sells to optimists and buys from pessimists.” – Benjamin Graham

15. “Successful investing is about managing risk, not avoiding it.” – Benjamin Graham

The Intelligent Investor Quotes

This next section of quotes are derived solely from Benjamin Graham’s book, The Intelligent Investor. Enjoy!

16. “The intelligent investor should act consistently as an investor and not as a speculator.” – Benjamin Graham

17. “The intelligent investor should recognize that market panics can create great prices for good companies and good prices for great companies.” – Benjamin Graham

18. “But investing isn’t about beating others at their game. It’s about controlling yourself at your own game.” – Benjamin Graham

19. “If you are shopping for common stocks, choose the way you would buy groceries, not the way you would buy perfume.” – Benjamin Graham

20. “A great company is not a great investment if you pay too much for the stock.” – Benjamin Graham

21. “The memory of the financial community is proverbially and distressingly short.” – Benjamin Graham

22. “The intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham

23. “The essence of investment management is the management of risk, not the management of returns.” – Benjamin Graham

24. “A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.” – Benjamin Graham

25. “Wall Street people learn nothing and forget everything.” – Benjamin Graham

Final Thoughts

There you have it, some of the most powerful Benjamin Graham quotes on the web. These quotes will surely improve your luck in the markets. And without a doubt, help you become the intelligent investor you can become.

If you liked these quotes, consider saturating your mind with ALL of the investment wisdom from Graham’s investing genius. The best way to do so, is to invest in and then start reading his book.

Note:  We’re reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Till next time,

STRIVE

PS – If you enjoyed these Benjamin Graham quotes, then you’ll probably enjoy learning from his protégé Warren Buffett. So, give these Warren Buffett quotes a look. And if you’re really serious about money, you’ll also like this article on how start building your wealth.

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5 PERSONAL FINANCE BOOKS EVERYONE SHOULD READ

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Personal Finance Books

Looking to discover what personal finance books you should be reading this year? If yes, then this page is for you. However, before we dive into the list, here are some important statistics you’ll want to know about.

According to studies conducted at the United States Federal Reserve, the average American household had approximately $145,000 worth of debt. The numbers are quickly rising too – as a growing number of people don’t know how to plan out, organize, or design a satisfactory financial plan to feel financially secure. Consumers shopping trends are growing daily, while customers are increasingly exposed to various marketing campaigns which control their behaviors.

Without a doubt, we are living in a quickly developing world, and we must pay attention to our money and learn how to effectively manage if we are to create the type of stability and financial security we all dream about. The great news is, these handful of personal finance books can and will help you get on the right financial track so you ensure a stronger financial future for yourself and your family:.

BEST PERSONAL FINANCE BOOKS

Best Personal Finance Books

Note:  We’re reader-supported. When you buy through links on our site, we may earn an affiliate commission.

1. Secrets of the Millionaire Mind by T. Harv Eker

Ever wonder why some people struggle their entire lives – every, single, day – to buy bread and butter? Why are there others who earn exponentially more? Where do we draw the line? What are the actions we must take to succeed?

In the end, “it’s simple arithmetic,” writes T. Harv Eker. “Your income can grow only to the extent that you do,” ends Eker. Without a proper mindset, there cannot be any wins. Without a good plan, there is no room left for success.

Must read for: personal growth passionates.

2. Think and Grow Rich by Napoleon Hill

“Read this book if you want clear, structured, step-by-step information on how to get rich. This reading presents the stories of some of the most famous United States millionaires, from start to end,” shares Emma Clarke, co-founder at Macro Writing.  These real-world lessons can be of great use to any scholars passionate about finance, psychology, economics, and many more.

Think and Grow Rich is one of the most popular on the market, compressing some the fundamental Law of Attraction principles and a witty plan on how to develop quickly, but surely.

Must read for: anyone, really.

3. The Millionaire Fastlane by MJ DeMarco

Reading DeMarco’s Millionaire Fastlane, you won’t be tempted only to thrive financially, but also to succeed personally. This book is quite magical. It does not offer you a formula on how to get rich, but it leaves you contemplating about the reasons you want it in the first place.

If you want an exhaustive explanation on how to think outside the box and put your brain to work, this is the perfect piece for you.

Must read for: aspiring, innovative leaders.

4. The Law of Divine Compensation by Marianne Williamson

In the end, it’s not all about finance. Our thinking affects our behavior, and our behavior affects our actions. This trinity – actions, emotions, thoughts – is what ultimately defines each and every single one of us. Instead of letting money govern your life, why not focus on your divine self, and help money come to you? Attracting financial prosperity through mindfulness and relatable actions is one of the critical points to living a better life.

In The Law of Divine Compensation, Marianne Williamson explains how the Universe resembles our desires and will nevertheless self-correct and self-organize. Thus, having faith in the Universe is one of the necessary pre-requisites to living a fulfilling life, both spiritually and financially.

Must read for: people interested in psychological finance and Universal Law.

5. How to Retire Happy, Wild and Free by Ernie J. Zelinski

Getting inspirational feedback on how to live your life regardless of abundant financial gains sounds quite the opposite of what a financial book would explain, doesn’t it? Not according to Ernie J. Zelinski.

In How to Retire Happy, Wild, and Free, the author does not only explain how to thrive monetarily but also how to enjoy life to its fullest from a non-materialistic perspective. He believes that as long as your values are smooth and undeviating, you can easily level up and become successful. In the end, your life perspective is closely related to your productivity.

Must read for: stressed-out business owners.

Related: Money Mindset Books

Wrapping Up

Read as much as you can, whenever you can, and start planning your budget accordingly by using the above resources! If, on the other hand, you’re here for the technicalities, you can also learn how to do a book review online; there are millions of websites and channels available. And if you’re looking for more books on money, this is a great resource too

Till next time,

STRIVE

PS – If you enjoyed these personal finance books recommendations, then you’ll find value in these powerful money quotes to help you build your money mindset.

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KHABIB NURMAGOMEDOV NET WORTH

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Kabib Nurmagomedov Net Worth

Khabib Nurmagomedov is the world renowned Russian mixed martial arts (MMA) fighter. He’s currently the longest-reigning UFC Lightweight Champion, who has legions of UFC fans who believe is the greatest fighter in UFC history. Many sources also have him listed as the best pound-per-pound fighter across all weight classes. And with achievements like this, riches and a large net worth typically follow.

What is Khabib Nurmagomedov’s Net Worth?

Khabib Nurmagomedov Net Worth

So, if you’ve come looking for Khabib Nurmagomedov’s Net Worth, you’ll find it here. As of 2022 it is estimated that Khabib Nurmagomedov’s Net Worth is roughly $40 million; however other, less official sources claim it to be closer to $100 million. So, we’ll stick to $40 million.[1]

How Much Does Khabib Nurmagomedov Make?

Establishing Nurmagomedov’s 2022 earnings is even more challenging then establishing his net worth, especially since he retired in 2020. However, for the year of 2020 he was the highest paid UFC fighter, bringing in $6.09 million.[2] This amount doesn’t include money he earned from sponsorships, speaking gigs, or his other business dealings.

With that said, just because we can’t decipher how much Khabib Nurmagomedov officially makes these days, doesn’t mean we can’t estimate how much could likely make if he relied on the earning power of his net worth alone.

So, here’s how much he could make if he decided to pay himself from the earning power of his entire net worth. Assuming Nurmagomedov decided to take his entire $40 million nest egg and invest it into a handful of investments yielding a combined 4.5% dividend payout (3 -5 % is consider to be average yield on stable investments), his annual earnings could be $1.8 million. This comes out to about $150,000 a month, which is not a bad income fore early retirement.

Khabib Nurmagomedov Money Metrics

Money MetricAmount
2022 Net Worth:40,000,000
**Earnings Per Year:$1,800,000
Per Month:$150,000
Per Week:$34,615
Per Day:$4,945
Per Hour:$206
Per Min:$3.43
Per Sec:$0.05

Note: this is a hypothetical (but very possible) earnings Metric for Khabib Nurmagomedov based off of his net worth’s earning power alone.  It does not include his earnings from ongoing projects, sponsorships, social media, etc. This calculation is for entertainment purposes only.

Fun Facts:

Khabib’s Social Media Followers: Khabib Nurmagomedov has managed to pull in massive amount of social media followers over the years. And according to one source, he managed to earn over $570,000 from just one of his social media platforms when it was only half the size it is now.[3] In short, his social media platforms likely have the ability to earn him much more today.

So, how many social media followers does Khabib have? At the time of this article’s publication, he has approximately 40.58 million combined social media followers.

Khabib The Bear Wrestler: When Khabib was younger, his father would have him wrestler young bears as a method to improve his strength and confidence.

He Wasn’t Always a Winner: Before Khabib would hit his stride to go undefeated in the UFC, he did his fair share of losing. In fact, when he was in his early teens, he would regularly come in 5th and 6th place when he competed in local and regional competitions.

How Did Khabib Nurmagomedov Become So Successful?

Khabib Net Worth Quote

Khabib Nurmagomedov has managed to build his large net worth primarily due to his performance in the Octagon. He’s managed to also make quite a bit of money outside of the ring, but hands down, his bread and butter has been his fighting prowess.

So, how did he become so successful? Well, he decided to become the best fighter and the world, and committed to doing everything that was necessary to out perform his opponents in the ring. He mastered multiple fighting styles (wrestling, sambo, judo, etc.), and trained like his life depended on it.

After studying a handful of his best quotes on success, and closely observing his career and his success journey, we can confidently say that the traits most responsible for Nurmagomedov’s success comes down to the following: Self-Discipline, Faith, Ambition.

But don’t just take our word for it, see for yourself:

The result? The greatest light weight UFC fighting history.

Video Credit: Josh Kruse Edits (Subscribe Here)

Build a Net Worth Like Khabib

You may not be able to fight like Khabib, because well, no one can, however, you can, with time, persistence, and the right plan, build your very own massive net worth.

Here are some solid guidelines to follow if you wish to become a champion of your personal finances and start building wealth like Khabib Nurmagomedov:

Build Net Worth Like Khabib

Key Takeaways

Here are the key takeaways from our Khabib Nurmagomedov net worth profile:

  • Nurmagomedov’s Net Worth:  $40 million
  • Annual Earnings (est.) **:  $1.8 million
  • Twitter Followers: 1.9 million
  • Facebook Followers: 5.3 million
  • Instagram Followers: 32.5 million
  • YouTube Subscribers: 888 K
  • Total Social Media Followers: 40.58 million
  • Keys to Success:  Time Management, Self-Discipline, Faith, Ambition

Khabib Nurmagomedov’s giant net worth is the result of his willingness to out train his opponents, which resulted in his conquering all he faced in the ring. As a modest and humble person, his earnings from fighting have been less than optimal. However, he’s earned something more important that money, an enduring legacy.

Having said that, we hope you enjoyed this Khabib Nurmagomedov net worth profile. But more importantly, we hope you’ve gained at at least an ounce of inspiration to start striving to build your own sizeable net worth. Why? Because that’s where your freedom lies.

So, learn from Khabib; aim high and aim to be best in the world at whatever it is you do, and before you know it, you’ll have rivers of cash flowing to you.

Till next time,

STRIVE

PS – If you enjoyed this Net Worth profile of Khabib Nurmagomedov, then you’ll enjoy some of our other net worth profiles on other G.O.A.Ts, like Cristiano Ronaldo, Elon Musk, Etc….

** These earnings are hypothetical and calculated off of the earning power of Khabib’s net worth alone assuming a 4.5% dividend yield.

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100+ BEST MONEY QUOTES OF ALL TIME TO CHANGE YOUR MONEY MINDSET

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Quotes About Money

Countless financial “gurus” have admonished time and time again, about how the amount of money we have or don’t have, is largely a consequence of our thinking. They’ve shared with us the secret link that exists between our money and our mindset. Namely, the secret that our attitudes and the unique set of beliefs we’ve held about money, has impacted our handling of it up until this point.

So, to help you obtain a stronger money mindset, and eventually a larger bank account, we’ve decided to publish the best money quotes of all time.

We hope you’ll use these quotes to embrace the money principles that will help you improve your relationship with money. So, if you’re ready improve your money mindset, let’s dive into these powerful money quotes:

BEST MONEY QUOTES OF ALL TIME

Best Money Quotes

1. “Having money isn’t everything, not having it, is.” – Kanye West

2. “The money you make is a symbol of the value you create.” – Idowu Koyenikan

3. “Successful people make money. It’s not that people who make money become successful, but that successful people attract money. They bring success to what they do.” – Wayne Dyer

4. “Money is in some respects like fire – it is a very excellent servant but a terrible master. When you have it mastering you, when interest is constantly piling up against you, it will keep you down in the worst kind of slavery. But let money work for you, and you have the most devoted servant in the world.” – P.T. Barnum

5. “Too many people spend money they earned to buy things they don’t want, to impress people they don’t like.” – Will Rogers

6. “Save money, and money will save you.” – Anonymous

7. “Never spend your money before you have earned it.” – Thomas Jefferson

8. “If you don’t find a way to make money while you sleep, you will work until the day you die.” – Warren Buffett

9. “Money without financial intelligence is money soon gone.”  –  Robert Kiyosaki

10. “A penny saved is a penny earned” – Benjamin Franlkin

Penny Saved Quote

11. “Making money isn’t hard in itself… What’s hard is to earn it doing something worth devoting one’s life to.” – Carlos Ruiz Zafón

12. “Money is only an idea. If you want more money simply change your thinking. Every self-made person started small with an idea, then turned it into something big. It takes only a few dollars to start and grow into something big.”  –  Robert Kiyosaki

13. “Don’t think money does everything or you are going to end up doing everything for money.” – Voltaire

14. “When money realizes that it is in good hands, it wants to stay and multiply in those hands.” – Idowu Koyenikan

15. “Money is a tool. Used properly it makes something beautiful; used wrong, it makes a mess.” – Bradley Vinson

16. “You can be young without money, but you can’t be old without it.” – Tennessee Williams

17. “Money is a great servant but a bad master.” – Francis Bacon

18. “The man who does more than he is paid for will soon be paid for more than he does.” – Napoleon Hill

19. “It is a kind of spiritual snobbery that makes people think they can be happy without money.” – Albert Camus

20. “There is no shortage of money in this world. Start hustling.” – Grant Cardone

No Shortage of Money Quote

21. “Money isn’t everything…but it ranks right up there with oxygen.” – Rita Davenport

22. “The man who damns money has obtained it dishonorably; the man who respects it has earned it.” – Ayn Rand

23. “Work like you don’t need the money. Dance like no one is watching. And love like you’ve never been hurt.” – Mark Twain

24. “The first rule is not to lose money. The second rule is not to forget the first rule.” – Warren Buffett

25. “Money looks better in the bank than on your feet.” – Sophia Amorus

26. “Not he who has much is rich, but he who gives much.” – Erich Fromm

27. “That man is richest whose pleasures are cheapest.” – Henry David Thoreau

28. “The money you have gives you freedom; the money you pursue enslaves you.” – Jean-Jacques Rousseau

29. “Wealth is the ability to fully experience life.” – Henry David Thoreau

30. “I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffett

Warren Buffett Fearful Money Quote

31. “Everyday is a bank account, and time is our currency. No one is rich, no one is poor, we’ve got 24 hours each. –Christopher Rice

32. “I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.” – Warren Buffett

33. “Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.” – Johann Wolfgang von Goethe

34. “Empty pockets never held anyone back. Only empty heads and empty hearts can do that.” – Norman Vincent Peale

35. “If you’re smart, you’re going to make a lot of money without borrowing.” – Warren Buffett

36. “One may not condemn a man for succeeding because he knows how. Neither may one with justice take away from a man what he has fairly earned, to give to men of less ability.” – George S. Clason

37. “The key to making money is to stay invested.” – Suze Orman

38. “If you cannot control your emotions, you cannot control your money.” – Warren Buffett 

39. “Money is good for nothing unless you know the value of it by experience.” – P.T Barnum

40. “Sloth and prosperity can never be companions.” – James Allen

Sloth and Prosperity Quote

41. “If you would know the value of money, go and try to borrow some; for he that goes a borrowing, goes a sorrowing.” – Benjamin Franklin

42. “Here’s the major problem with going on strike for more money:
You cannot get rich by demand” – Jim Rohn

43. “Tell me how you use your spare time, and how you spend your money, and I will tell you where and what you will be in ten years from now.” – Napoleon Hill

44. “Through positive, appreciative attitudes toward money, you can make money your servant, instead of becoming its slave. You should master money rather than be enslaved by it.” – Catherine Ponder

45. “Rich people have their money work hard for them. Poor people work hard for their money.” – T. Harv Eker

46. “The single biggest financial mistake I’ve made was not thinking big enough. I encourage you to go for more than a million. There is no shortage of money on this planet, only a shortage of people thinking big enough.” – Grant Cardone

47. “Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.” – Franklin D. Roosevelt

48. “Money is not an end in itself. It is merely a tool to help us achieve some particular goal. If the way we handle our money conflicts with our personal values, we are not going to wind up living happy and fulfilled lives.” – David Bach

49. “You don’t have time an money because you don’t invest time and money.” – Grant Cardone

50. “Most people fail to realize that in life, it’s not how much money you make. It’s how much money you keep.” – Robert Kiyosaki

It's How Much Money You Keep Quote

Halfway There

Alright, you’re halfway through our money quotes, but don’t stop now. Keep reading, striving, and planting these good money vibes directly into you subconscious mind.

Trust us, your future self will thank you for it.

51. “Money may not buy happiness, but I’d rather cry in a Jaguar than on a bus.” –  Françoise Sagan

52. “In the United States, where we have more land than people, it is not at all difficult for persons in good health to make money.” – P.T. Barnum

53. “The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.”  –  Robert Kiyosaki

54. “Money is plentiful for those who understand the simple laws which govern it’s acquisitions.” – George S. Clason

55. “While money can’t buy happiness, it certainly lets you choose your own form of misery.” – Groucho Marx

56. “Money is really only important if you don’t have any.” – Harrison Ford

57. “One penny may seem to you a very insignificant thing, but it is the small seed from which fortunes spring.” – Orison Swett Marden

58. “The better you feel about money, the more money you magnetize to yourself.” – Rhonda Byrne

59. “The fastest way to double your money is to fold them in half and put them in your pocket.” – Andrew Carnegie

60. “Money is usually attracted, no pursued.” – Jim Rohn

Jim Rohn Money Quote

61. “You must spend money to make money.” – Titus Maccius Plautus

62. “Waste your money and you’re only out of money, but waste your time and you’ve lost a part of your life.” – Michael Leboeuf

63. “There’s no money in poetry, but then there’s no poetry in money.” – Robert Graves

64. “Money is not the most important thing in the world. Love is. Fortunately, I love money.” – Jackie Mason

65. “The best time to invest is during a recession.” – Graham Stephan

66. “Earning a lot of money is not the key to prosperity. How you handle it is.” – Dave Ramsey

67. “The more your money works for you, the less you have to work for money.” – Idowu Koyenikan

68. “Money is such an amazing teacher: What you choose to do with your money shows whether you are truly powerful or powerless.” – Suze Orman

69. “It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.” – George Lorimer

70. “Knowledge without action cost money.” – David Bach

David Bach Quote on Money

71. “We’ve been raised to believe that you have to work hard to make money, and certainly there are times when this is true, but the real secret is you have to take huge, uncomfy risks. You have to do stuff you’ve never done before, to make yourself visible, to acknowledge your own.” – Jen Sincero

72. “Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” – Ayn Rand

73. “When I was young I thought that money was the most important thin in life; now that I am old I know that it is.” – Oscar Wilde

74. “Do what you love and the money will come.” – Marsha Sinetar

75. “You can have a masters degree in making money but you will still end up broke if you have a Ph.D.. in spending it.” – Orrin Woodward

76. “Money can’t buy friends, but you can get a better class of enemy.” – Spike Milligan

77. “If you would be wealthy, think of saving as well as getting.” – Ben Franklin

78. “Money is a guarantee that we may have what we want in the future. Though we need nothing at the moment it insures the possibility of satisfying a new desire when it arises.” – Aristotle

79. “When I had money everyone called me brother.” – Polish proverb

80. “Money grows on the tree of persistence.” – Japanese Proverb

Money Proverb

81. “Never stand begging for that which you have the power to earn.” – Miguel de Cervantes

82. “Wealth is not about having a lot of money; it’s about having a lot of options.” – Chris Rock

83. “If you cannot control your emotions, you cannot control your money.” – Warren Buffett

84. “Working because you want to, not because you have to, is financial freedom.” – Tony Robbins

85. “Income is like your health: if you ignore it, it will go away.” – Jay Rigler

86. “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett

87. “The big money is not in the buying or selling, but in the waiting.” – Charlie Munger

88. “Success isn’t about money, it’s about peace.” – Grant Sabatier

89. “If you’re saving, you’re succeeding.” – Steve Burkholder

90. “All wealth is a product of labor” – John Locke

91. “A millionaire is made ten bucks at a time.” – Mr. Money Mustache

92. “Money has no grey areas. You either make it or you lose it.” – Kevin O’leary

93. “Fortune sides with him who dares.” – Virgil

94. “The best way to become a billionaire is to help a billion people.” – Peter Diamandis

95. “Money is the wise man’s religion.” – Euripides

96. “Success is having to worry about every damn thing in the world, except money.” – Johnny Cash

97. “Money is life energy that we exchange and use as a result of the service we provide to the universe.” – Deepak Chopra

98. “A wise person should have money in their head, but not in their heart.” – Jonathan Swift

99. “What you focus on you create more of, so if the plan is to get rich, you’re gonna want to focus on abundance as much as possible. Give as much as you can as often as you can, receive with gratitude and joy, think of money as your pal, raise your frequency and get in the flow, yo.” – Jen Sincero

100. “Remember that: money will always match your mindset.” – Joe Vitale

Money Quotes Money Mindset

Bonus Money Quote

Bonus Quote: Here’s one last bonus quote on money that every would benefit from if they heeded it as advice. Enjoy!

“Get What You Can, And What You Get Hold, Tis The Stone That Will Turn All Your Lead Into Gold.”

– Benjamin Franklin –

Final Thoughts

Alright, you’ve made it through our long list of inspiring money quotes. We hope they have at the very least, helped you strengthen your mindset when it comes to money.

With that being said, be sure to bookmark this page and come back often. Doing so will improve your money mindset with each visit. And remember this is key, because those with a healthy money mindset tend to have more money then they know what to do with it; while those with an unhealthy money mindset tend to feel as if they never have enough. The choice is yours.

See you soon, and till next time,

STRIVE

PS – If you enjoyed these money quotes, then you’ll love these Quotes about the Millionaire Mindset.

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