Can You Make Money Blogging? I Am.

Can You Make Money Blogging?  I Am.

Can you make money blogging?  It’s one of the first questions people tend to ask once they find out I have a blog. I’ve seen plenty of posts that make it sound like you can make a fortune by blogging.  Start a blog, put some ads on it, then just sit back enjoying piña coladas on the beach, while your steady flow of passive income rolls in. Jim, you’re giving me a look – are you saying there’s more to this?  Is it possible to make money blogging or not?! Easy… settle down – we’re all friends here. Unfortunately, it’s more than just a quick yes or no.  The answer is a little more complicated.   Yes, you can make

Is the 4% Rule Safe to Use in Retirement Planning?

Is the 4% Rule Safe to Use in Retirement Planning?

The 4% rule is probably one of the most well-known ideas in the FIRE (financial independence/early retirement) community.  It provides a way to put some actual numbers to your future needs. But is it safe to rely on this rule for your own retirement planning? Let’s start with digging in a little further on what the 4% rule is first…   Some background on the 4% rule The biggest focus folks have in retirement planning is how much money they need to have socked away.  Will it be enough to sustain them throughout the rest of their lives? If you build up a portfolio of investments over the years, your hope is that you can withdraw from that portfolio over

Personal and Financial Goals for 2018

Personal and Financial Goals for 2018

That’s right, folks – it’s time for me to set some goals for 2018.  Sure, it’s a little blasé, but it’s that time of year after all. So why do a blog post on goals I’m setting?  There’s one good reason – it keeps me accountable. I’ve always hated the idea of “writing down my goals.”  You’ve probably heard time and again that putting your goals on paper (or digital paper!) will help push you to make them happen… such a lame idea!! Except for one thing – it actually worked for me. I’ve held off from ever doing this in my past until last year.  Writing out my 2017 Personal and Financial Goals last year was my first time I ever caved

Don’t Just Sit There… DO SOMETHING!

Don’t Just Sit There… DO SOMETHING!

Don’t Just Sit There… DO SOMETHING! I’m not personally big into the whole televangelism scene.  However, there’s a show on TV called the “Hour of Power” that had a moment long ago that’s still ingrained in my head. The program was hosted by Reverend Robert Schuller from 1970 until his grandson took over in 2013 (thanks, Wikipedia!). I never actually watched the show, but there was a clip from it that ran regularly advertising the show.  In it, Reverend Schuller takes a breath and then firmly says: Don’t Just Sit There… DO SOMETHING! For years, I just laughed when I would see that on TV.  After all, I was young and it was funny to watch the manner in which he said it. But

Like Father, Like Daughter…

Like Father, Like Daughter…

Like father, like daughter… Recently, my 7-year-old daughter started asking me some questions about my blog.  She wanted to know what I write about and why I do it. I’m very deliberate in making sure that I don’t treat her like a kid when she’s interested in answers to something.  I have a couple reasons for this: 1) I want to ensure she’s never afraid to ask questions.  And so far, that’s always been effective.  She never feels like she can’t check with us on something she’s unsure of.  She asks a lot of questions… the right questions. I like that a lot. If you think you know everything, you won’t learn.  If you’re not afraid to ask questions, though,

An Easier Way to Track Your Expenses

An Easier Way to Track Your Expenses

You’ve heard it before – be sure that you track your expenses!  But why would you want to do that?  And is there an easy way to make it happen? When most of the mainstream media in the financial space talks, they want to push you toward using your income as a gauge on how prepared you are for retirement. You’ll hear various numbers thrown around such as that you’ll need 80% of your pre-retirement income to make it through retirement. I get it.  That’s fitting for a lot of the general population.  Most folks just tend to spend everything (or more than) they make.  They’re probably not on track for retirement so the advice isn’t terrible. However, you’re likely reading this