Money. We all know its importance or you wouldn’t be reading this post. Whether you like it or not, it’s what the world runs on. You could opt out of playing the game and become a hobo, but there are very few of us that can live happily ever after in that position. You can’t let money rule your life, but it’s important to understand its role. Once you can control your capital instead of it controlling you, you’re one […]
Money Throughout My Life Read More »
Everyone likes a secret, but a secret formula? Even better! Now that we’re only a few months out from me quitting my job, we’re starting to share the news more with friends and family. A lot of them seem to be a little confused, but then we talk about our planned move to Panama and it takes most folks to a level beyond comprehension. Eventually, though, we tend to get past that initial shock. And then the “bold” ones out there
There is a Secret Formula to FI, But It Ain’t No Secret! Read More »
It’s nothing new to hear that if you’re in the red, you should make it a priority to get out of debt. Let’s face it, debt sucks. We all know it, but here in the U.S., we just can’t seem to stay away from it. NerdWallet states that the average household that has credit card debt is carrying a balance of $15,654… ouch. And that doesn’t even count other forms of debt – mortgages, car loans, student debt, etc. Ok,
Why You Truly Need to Get Out of Debt Read More »
We’re in an interesting cycle of the economy right now. Things are looking good, which helps boost the value of your money. When it comes to investments, stock prices and property values are generally up. And if you’re selling, that’s a good thing. Retirees and folks selling their houses or some of their stock investments are partying it up during these times. However, if you’re still in the wealth-building phase of your life, this isn’t as exciting. Sure, it makes
What to Do with Your Money Right Now Read More »
When it comes to kids and money, we all want to ensure that they’ve got the greatest chance to succeed in life. We can push our kids to be smart and learn in school. We can teach them to be good to other kids and to share. We can help them to understand that they should respect others. We can show them good manners and how to be polite. But what about the money side of the formula? Isn’t that
The 10 Commandments for Kids and Money Read More »
Once upon I time, a young man we’ll randomly call “Jim” was in college and barely had a dollar to his name… Ok, fine – that young man was me – dang it, you ruin everything! Anyway, like a good number of college students, overdrawing my checking account wasn’t too uncommon. In fact, it actually wasn’t uncommon for me to blow out my balance on a periodic basis for a year or so after graduating college as well. Eventually, though, I started to
Why I Like Overdrawing My Checking Account Read More »
Sometimes I can’t help but shake my head that we as a society feel compelled to buy crap just because we feel we “need” it. There are millions of people here in the U.S. that, although not by choice, manage to live on $2 a day. But when it comes to the middle class, even with increasing salaries, most families buy and buy and still feel like they need more stuff. Why? Why do people love to waste their hard-earned
Why Do We Buy Crap?? Read More »
So, you’re going down the right path on the road to financial freedom slowly but surely, but you want to make sure that you’re protecting your assets in the meantime? Well, hopefully, this post will help you with some ideas! I’ve noticed that as I’ve started to build up my assets, my needs have started to morph as well. I now have rental properties, multiple LLCs, and growing and expanding savings, investment, and retirement accounts. And, as the accounts continue to grow,
Protecting Your Assets Read More »
Well, this is it – the last post of the year. I hope all of you had a great holiday and are looking forward to the new year! I thought this would be a good time to do a year-end review and look back at what I got accomplished throughout the year (and what I didn’t!). Let’s start with the 8 Financial Goals we had set at the beginning of the year for ourselves… 1) Build back up our online savings
You’re doing your best to get yourself on the right track with your finances. You’re working your way out of debt and have turned your eye toward reaching financial independence. But the media wants you to focus on the money you have coming in. I want you to focus on your expenses instead. First of all, know that your income is important – no doubt about it. In my article The Steps to Wealth, the first thing I talk about is getting a
It’s All About the Expenses… Read More »
