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 […]
We’ve all seen ’em… the infomercials telling you that YOU can be rich by just following a few simple steps to buying real estate with no money down. Think of it – none of your money is involved and soon enough you’ll be retired, sitting on the beach with an endless supply of piña coladas being served to you day and night. Easy money… it’s that simple!! Wait – what?! Who buys this crap anyway?? I do. Well ok, I
There’s No Easy Money Read More »
I recently asked my 6-year old daughter “what do you want to be when you grow up?” She answered back that said she wants to buy duplexes. That’s my girl! Now, before you start chastising me for trying to force my daughter to be something she doesn’t want to when she grows up, let me explain. When I grow up… When I was young, I had my sights set on being an artist for Disney. I had a pretty good knack for drawing and that just
What Do You Want to Be When You Grow Up? Read More »
When I set out on this journey toward financial independence, I knew I had some work to do. I started out with around $30k of credit card debt and didn’t know anything worthwhile on how to make it happen. I even bought into one of those late night real estate scams on how to get rich. I wasted some of my hard-earned money late in my college years thinking that was the way to go… it wasn’t. Eventually, I got on track. I read as many books as I
Is It Possible to Reach Financial Independence with Kids? Read More »
When I was coming back from vacation last week, our seating got a little screwed up. Long story short, I ended up sitting next to a lady in her mid-fifties from Alberta, Canada instead of sitting by my wife and daughter. We got to talking and had some really good conversation throughout the flight. At one point, I mentioned something about my 9 to 5 job and she chuckled. It turns out she’s a consultant and speaker on business efficiency. And she talked about
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I just finished reading The Richest Man in Babylon. I had a lot of recommendations to read this and I’ll tell you that, for as old as this book is (originally published in 1926!!), the content still holds strong. Great book if you’re trying to find your way to wealth. There is some very sound advice that stands the test of time, such as saving at least 10% of what you make and that you can live off your income, but you
The Steps to Wealth Read More »
If you’re reading this article, you’re probably someone interested in or already on the way to the world of financial independence. Regardless of why you’re here, I think we all know some of the basics of reaching that goal: Get out of debt ASAP – This is the #1 step that needs to be done… and this refers to bad debt like credit cards, car payments, etc. This does not necessarily mean good debt like mortgages on rental property that serve as assets helping to provide you with cash
I love reading. I’ve always been a bookworm and, although I don’t have the time I used to, I still read quite a bit. I actually find myself reading more nonfiction than fiction, but I love a good fiction book as well. Recently though, I read a financial book that’s stuck in my head… and I’m not sure whether that’s a good or bad thing, but it made me question my retirement funds. The book I finished reading is The 3 Simple Rules of
Why I Changed the Funds in My 401(k)… Read More »
I read… a lot. I’m usually a non-fiction kind of guy because I enjoy learning (I’m an odd-bird!). However, I do slip in some fiction every now and again just to change things up. With a five-year old daughter, I don’t get as much reading done as I would like, but I cram in the reading whenever I can. I also think that the Kindle E-reader is one of the greatest products on the planet. I have a ton of books on there,
What Are You Reading? Read More »
So yesterday one of my friends that I currently work with came into my office to talk business (as well as to chit-chat a little bit). In the midst of our conversation, he mentioned how his young twin boys are starting to understand the general concept of working. As a side note, he’s the only one at my office who really knows about this site (and he reads it)… so he’s probably going to throw a rock at me for bringing him into a
Why the Education System is Broke Read More »
