Most of us who are working to become financially free, spend a lot of our days daydreaming what it would actually be like to be financially free. I think the initial dream for a lot of us is to just sit on the beach all day sipping piña coladas – mmm, that does sound good! But, once the dream starts to become more real, it’s pretty likely that the piña coladas are only going to be a small part of the plan. In all actuality, […]
If you’re not familiar with Paula Pant from Afford Anything, you should take the time to check out her site… especially her podcasts, which are fantastic. I’m usually a little behind on my podcast rotation, but I just listened to another good one recently that fascinated me. Clark Howard was her guest in #47: How to Stop Being Your Own Worst Enemy. I’ve always enjoyed Clark Howard – I’m not sure if it’s how down-to-earth he is for a guy who reached financial
Will You Be Part of the 1% to Be Financially Independent by 50? Read More »
Yup, you read that correctly… we now have a net worth of just over $1 million. I logged into Quicken today, updated all my accounts, and was excited to see this: Holy schnikes, a million dollar net worth! It seems so surreal to think that we’ve reached such a big milestone. I’m really proud of how far we’ve come in our journey to financial independence. By keeping our expenses low, saving and investing as much as we can, and creating additional
Well, it’s 2017, which means it’s time to take stock of how your previous year went, but more importantly, you should set your sights to the future and get your personal and financial goals put in place for the year. Here are my plans for the year… My 2017 Financial Goals Buy another rental property Buying rental property is an important stream of passive income that I’m working on building. Currently, we own a couple of rental properties – a single-family house and
I thought today we’d talk about little bit about how having multiple income streams can help to fortify your wealth as you continue your path toward financial independence. From the time I was six years old, my mom raised my brother and I as a single mom and did a pretty good job if I do say so myself! 🙂 One of the things I remember as a kid was that we each had our own savings account at an old savings and
With Multiple Income Streams Comes Great Power!! Read More »
This post is a lot different from the regular ones you’re used to with me. I recently had a moment of reflection and wanted to share it with you… I continue to read everything I can get my hands on to help expand my knowledge and better both my life and that of my family. I’m currently reading Dale Carnegie’s How to Win Friends & Influence People. Yes, it’s a classic and I should have read it years ago, but I’m only
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
For most of us in a first-world country, it’s almost natural in an unsettling way for us to accumulate crap. Not only do we have junk we don’t need (although we think we do when we buy it), we also spend money needlessly on things we think will simplify our lives. The problem is that most of the time we buy something – be it a product or a service – with the intent of it making life easier or better,
As I was going through college, I had my mind set on getting rich. I envisioned a good job that paid a ton of dough. After all, the more money you make, the richer you are, right? Fresh out of college though, I wasn’t building savings, I was chasing the money to have and to spend in the present day. And I did alright. While I was still in school, I was working at Walmart. I started out with it being
It’s Not How Much You Make, It’s How Much You Keep Read More »
I’m a big fan of satellite radio. I’m also a big Howard Stern fan. Years ago, when Howard went to satellite radio, I bought the lifetime package for Sirius satellite radio for about $400. I definitely got a number of good years out that deal. Eventually though, Sirius made my life difficult. Back in 2009, I bought a new Chevy Malibu which had XM radio. As some of you may know, there was a Sirius XM merger years ago so that should be all good, right?
