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Showing posts from May, 2021

Basic Principles for Growing Wealth - Shaun Stenning

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According to Shaun Stenning , A Serial Investor and Entrepreneur. One of the goals many of us have is to grow our wealth over time. In many cases, it’s more about the financial security and the ability to live a comfortable lifestyle, than it is about racking a huge net worth. Regardless of your goal, adherence to these basic principles can take you a long way if you want to grow your wealth over time. Principles for Growing Wealth 1. Live Within Your Means This is the most basic of basic financial principles. It comes up over and over again. However, it bears repeating. You can’t grow your wealth if you’re constantly overspending. The ability to grow wealth depends on having assets rather than liabilities, and when you live beyond your means, all you end up with are liabilities. Shaun Stenning said.  2. Take Calculated Risks It’s much harder to build wealth when you don’t take some risks. I’m not talking about trying to pick a winning stock and using a great deal of margin to try...

How Much Should Your Kids Know About Your Finances? - Shaun Stenning

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I know of parents who don’t ever discuss money with their kids. “They should be carefree at this age,” they claim. Money isn’t an appropriate topic for family conversation at these homes. But is this a cop-out for preparing kids for real life? And are they missing an opportunity to keep one another accountable to a single goal? It took many years for me to figure out that I was raised in a poorer home. I had everything I needed up to the age that I felt entitled to more. Junior high ski trips, basketball games, and county fairs alerted me to the fact that we just didn’t have the extra to spend like other families. According to Shaun Stenning , a Serial Investor Sharing finances with kids is a fine, scary line. In my opinion, it can’t be done too soon. Here are a few acceptable ways to keep kids in the loop, without giving them nightmares: Shaun Stenning said. Give them an allowance. So many parents choose not to do this, and while I understand where they are coming from, I see benefi...

Covid 19 Donation Update - Shaun Stenning

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If you follow Shaun Stenning through all of his social media accounts. You know that Shaun and his team's continuous efforts have been able to support over 14 vulnerable communities in need in Phuket and Phang Nga. Over the past 60-weeks, thousands of people have donated to the Life Bags project. These bags contain essential items such as rice, eggs, and oil. Over the last 14 months, Shaun Stenning and his team have helped over 640,000 people get food supplies through our Life Bags. This number is rising every day. Through this initiative, they were able to reach out to various remote areas and islands, and we have already made a huge impact in these areas. Even during the Covid-19 waves, Shaun Stenning did not stop their charity drives. Our team members did their best to help the victims of this devastating storm. Through our relationships with local OrBorTors, we have been able to identify the most urgent needs in their communities, and where to focus our efforts. Since April ...

Professional Ways to Make Friends at Work - Shaun Stenning

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When you're a kid, making friends is one of the easiest things you can do. Walk up to someone roughly the same height, say "Hey, wanna be best friends?" and congratulate yourself on another buddy in the bag. Try that line as an adult and the reactions will range from a bizarre stare to a quick 911 call. Shaun Stenning said. According to Shaun Stenning , It can be tough making new friends, and most of the time the people we meet at work are our best shot. However, because you're in a professional environment and need to see these people every day, you want to keep a respectful distance, at least at first, until you get to know them well enough. Here are some ideas on how you can make friends at the office without making things awkward. 1. Seek out people with similar interests According to Shaun Stenning , Finding a shared passion is one of the fastest ways to find a new friend. Whether it's a love of baseball, comic books, or camping, when you start out both lov...

How to Prepare Your Kids to Live On Their Own - Shaun Stenning

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Raise your hand if you have a young adult in your life who isn't ready for the "real" world. It's incredibly common for 20-somethings (and even 30-somethings) to be a little more than clueless when it comes to living on their own. Being able to sustain your independence with both your money and lifestyle is a skill that everyone needs to learn, and every parent needs to start teaching while their kids are still young. According to Shaun Stenning , A Serial Entrepreneur, and Investor The good news is, this is very doable. If you're currently trying to mold impressionable youngsters into self-sufficient adults, here's how you can protect them from a very rude awakening when they go it alone. 1. Teach them basic life skills I'm fortunate to have grown up in a family of blue-collar Americans who relied on their own wits and two bare hands to get by, and they were eager to pass their skills down to their children and grandchildren. 2. Manage their money for the...