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Money Mindset

What really is the Opportunity Cost when you buy something?

Photo by Sophie Smith That’s a very interesting question. In my Post #32, I outline the cost of buying a 2019 BMW 3-series vehicle. Instead of using the conventional approach of calculating the cost of the vehicle using just the initial cost of the vehicle plus the cost to finance Read more…

By Wealth Builder, 4 yearsJanuary 4, 2021 ago
Money Mindset

A 2019 BMW 3-Series for $380,730.57?! The Real Cost of Buying a New Car

Photo by Roberto Nickson In my mind, I always knew that buying a brand new luxury car was a terrible use of money. I obviously knew that I was making a significant monthly payment that was not only drastically depleting my current net worth by taking money out of my Read more…

By Wealth Builder, 4 yearsJanuary 1, 2021 ago
Money Mindset

Could your Money Mindset be Keeping You Broke? Part III of III

Photo by Joe deSousa We all tend to be unaware of many of our own actions and why we make them well into adulthood. Even though we can suggest that we formed our opinions and behaviors about money from our parents to a large extent, we have to at some Read more…

By Wealth Builder, 4 yearsDecember 22, 2020 ago
Money Mindset

Could your money mindset be keeping you broke? Part II

A couple of blog posts ago, I started a series titled Your Money Mindset: Thoughts That Are Keeping You Broke – Part I. This is obviously the second installation in that series but what isn’t so obvious is that this post probably should have been the first in the series. Read more…

By Wealth Builder, 4 yearsDecember 18, 2020 ago
Money Mindset

Could Your Money Mindset be Keeping You Broke – Part I

Before I was financially comfortable, I used to hear wealthy people say that it was my Money Mindset that was keeping me broke. I also used to think that it was easy for them to say that, they were rich! In other words, I thought what they were saying was Read more…

By Wealth Builder, 4 yearsDecember 14, 2020 ago

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