About Mey
 
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Money Is My Friend – Passive Income Key I Learned From Phil Laut

Money Is My Friend – Passive Income Key I Learned From Phil Laut

Mey here on a lovely Thursday, blogging about Money Is My Friend – Passive Income Key I Learned From Phil Laut…

…inspired by the book Money Is My Friend by Phil Laut…

…this book was recommended to me by one of my financially free friends Scott…

…I really enjoyed it and had a life changing moment occur when I read the part on passive income…
Budgeting
 
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Are You Making These 9 Fatal Financial Freedom Mistakes?

Are You Making These 9 Fatal Financial Freedom Mistakes?

…Mey here at 6am on a Tuesday morning, ready for a new and beautiful day, blogging about Are You Making These 7 Fatal Financial Freedom Mistakes?

…I wanted to make sure that I share the mistakes I made with you, and explain why it is that most people will never be financially free…

…these mistakes are so common that they keep most people dependent on a job or someone else for money their entire lives…

…so here are the 9 Fatal Financial Freedom Mistakes…
Cash Flow
 
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What Happens When You Give Anonymously?

What Happens When You Give Anonymously?

Hi, Mey here writing about What Happens When You Give Anonymously?

…do you give to charity?

…do you give anonymously?

…there are a lot of advantages to giving anonymously that I want to share…
Budgeting
 
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Did You Give Today? Financial Freedom Through Giving…

Did You Give Today? Financial Freedom Through Giving…

…did you give today?

…yesterday I did the scope (follow me on Periscope @meyduldulao) about giving…

…I got to give a beautifully wrapped box of Big Island candies to one of the ladies who work at the Day Care Center at our gym…

…she helps watch our son Jordan while we work out…

…and it felt really good to give…

…I first started giving money regularly about 7 years ago when I started following T H Eker’s Millionaire Mind budget (Click here for more info on the budget)…

…so in that budget you save 5%-10% of your income for our GIVE account…

…when I started doing that, I instantly felt rich…

…why?

…because whenever there was a charity drive or someone asked me to donate, if it was a cause I believed in, I had enough money to donate between $25 to $100…

…so I instantly felt rich, generous, prosperous, financially free…
About Mey
 
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Your Financial Freedom Goal – Stay On Track With This Weekly Checklist

Your Financial Freedom Goal – Stay On Track With This Weekly Checklist

…hi, it’s Mey here and I went on an amazing 25 mile bike ride this morning out to Hawaii Kai with my bike team, had a nice breakfast and am now blogging about the key of my whole blog and mission – Your Financial Freedom Goal – Stay On Track With This Weekly Checklist…

…Do you want to be financially free?

…if you are financially free, do you want more of your friends and family to also be financially free?

…have you wanted some guidance or support to keep you on track with your goal?

…to get you financially free faster?

…then this weekly checklist is going to be the keystone to your goal for financial freedom (or for the friends that you want to become financially free)…
About Jomel
 
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Can You Make Money Getting Healthy???

Can You Make Money Getting Healthy???

…let me tell you a story on how my husband Jomel made money the other day getting closer to his ideal weight!

…I’m always interested in increasing the amount of money we are making (and improving our cash flow) and Jomel tells me about something our team is organizing…
…so, we are in an internet marketing business (hence this beautiful and informative blog you are reading right now!) and our team leader Lawrence Tam (he’s so cool, he was an engineer who was making 5 figure months and still wouldn’t quit his engineering job…he eventually got laid off and never went back … his results aren’t, see our full income disclaimer here) tells the team that he is starting a fitness challenge using a Diet Bet App…

…so my husband joins in…
About Mey
 
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Would You Borrow Money To Invest?

Would You Borrow Money To Invest?

It’s Mey here on a breezy Wednesday evening, had a nice evening with our financial planner and also worked out at the gym, and now winding down with tonight’s blog Would You Borrow Money To Invest?

…this is a controversial topic…

…and I think it just DEPENDS on the rate of the loan and also what the investment is…

…I recently had a talk with my mentor in Real Estate, and he advised that an investor with CASH wouldn’t go in on a real estate investment unless the return was AT LEAST 8%…

…so that means if you are borrowing to go in, then you need to offset the rate of your loan…

…let’s say that you have access to a credit line at 6%, which is roughly the current going rate…

…well, in order to make your 8%, you need to find something that is a STABLE 14% return…

…so it just depends…

…if you can find an investment like that, then yes, it would make sense to borrow to invest…
Cash Flow
 
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Business Cash Flow – Is Your Business Healthy?

Business Cash Flow – Is Your Business Healthy?

…I was in a training this afternoon at my Bank and it was all on Business Cash Flow…

…it was really interesting to see how businesses handle their accounting, and how to interpret their financial statements and tax returns…

What Makes Healthy Cash Flow?

…and what makes a business healthy…

…like blood circulating through a body, the sign of a businesses health is the cash flow…

…our instructor said that Cash Is King, and cash is what a business will use to pay back their loan…

…so in order to figure out the cash flow, we had to take the Net Income and then add in things that are taken out for tax purposes (amortization, depreciation…) to get a company’s true cash flow…

…also need to subtract out various expenses…