by MoneyMasterPeter | Jan 27, 2017 | Estate Planning, Financial Organization, Investing, Money
So why talk about the Erie Canal? Well, it serves to help illustrate a principle we teach in the Money Mastery program: “Money in motion creates more money.” Completed in 1825, the Erie Canal cut the cost of transporting goods westward by 95 percent. And it cut...
by MoneyMasterPeter | Nov 25, 2016 | Debt, Financial Organization, Investing, Money, Savings, Spending
Economics is the study of the “flow of money.” It has nothing to do with accounting, or banking, or even finance. It’s all about how money flows. If you were thirsty, you would go to a stream of flowing water, not a stagnant pool. In a good economy,...
by MoneyMasterPeter | Aug 29, 2016 | Business, Debt, Estate Planning, Financial Organization, Investing, Money, Retirement, Savings, Spending, Tax, Tracking
Today’s post is the last in a series about the profound impact the 10 Money Mastery Principles can have in your life, if you will but learn and apply them. As I mentioned in the first post in this series, Financial Principles: Lighthouses that Will Never Steer...
by MoneyMasterPeter | Aug 12, 2016 | Investing, Money, Real estate
Wealthy people are those who have learned how to get their money and resources to do more than one thing for them at a time — they know how to put their assets to work for them to make more. It has been said that if given $1 million, the average person would...
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