Budgeting & Savings

How To Better Maintain And Grow Your Multiple Income Streams

Anybody who is currently trying to build multiple income streams knows that it’s hard work to maintain them all. Whether the reason is due to a low interest rate environment, mental fatigue, or a tremendous amount of extra hustle during undesirable hours, when it comes to creating your own safety net, patience is a virtue.

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Opportunity Cost Is A Spender’s Greatest Enemy: My Tesla Story

Opportunity cost is a spender’s greatest enemy. Given America has a spending problem, our country will constantly be in grave danger without adopting better financial habits. Back in 2018, I decided to join a Meetup softball league in San Francisco. I was one year into being a stay at home father and I needed to

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The Best Budgeting System: Go Broke to Win Big!

On July 15, 2009, I introduced the “Go Broke To Win Big” budgeting system to help readers better manage their money. Today, having a strong budgeting system is more important than ever. There is so much uncertainty in the world, having a financial plan is supremely important! The Go Broke To Win Big budgeting system

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Why Invest In Certificates of Deposit (CD) When Rates Are So Low

Are you wondering why invest in certificates of deposit when rates are so low? Funny you should wonder because CD rates have come up significantly since the 2020 lows. In fact, both CD rates and Treasury bond yields are at the highest levels since 2007. We’ve also had higher inflation since the pandemic lows and

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The U.S. Personal Saving Rate Reaches A Record High: Time To Beat It!

There are plenty of positives that have come out of the coronavirus pandemic: better health, less pollution, more time with family, an acceleration in the work from home trend, and the chance to buy stocks at large discounts, to name a few. The U.S. personal saving rate could be the most positive of them all.

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Why Households Need To Earn $300,000 A Year To Live A Middle Class Lifestyle Today

In order to comfortably raise a family in an expensive coastal city like San Francisco or New York, you’ve probably got to make around $300,000 a year. Thanks to elevated inflation post pandemic, the middle-class lifestyle is getting harder to obtain due to rising costs of gasoline, food, housing, travel, tuition, and healthcare. You can

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Great Things To Buy With Your Massive Investment Gains

Are you looking for some great things to buy with your massive investment gains? This article will provide some good ideas thanks to an extraordinary rebound in the stock market since its March 2020 sell-off. It’s important to sell stocks on occasion to enjoy the profits. Otherwise, there’s no point investing! With the NASDAQ and

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The Thrill Of Paying Down Debt And Having No Money Is Addicting

Paying down debt is quite satisfying. Having no money can actually be quite addicting and thrilling. Let me explain. When you have no money, your body’s survival instincts are triggered. Without money, your risk of starvation and being homeless increases. Therefore, you tend to do everything you can to make more money. Debt puts you

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