I was invited to join the TaxACT How I Save blog tour which shares ways to increase your savings. Last year, TaxACT saved America over $240 million on tax preparation. The personal savings rate in the US could be better. And it is my hope in spreading knowledge on personal finance topics that more Americans will take better […]
Increase Your Savings By Identifying Specific Reasons To Save Read More »
The other day I asked a very wealthy entrepreneur about his main financial concern. He’s probably worth anywhere between $50 million to $75 million dollars. Given he has so much money, I thought his answer would be more philosophical, like “making sure my kids appreciate the value of money,” or “how to create a lasting legacy.”
Always Work On Improving Cash Flow For Financial Independence Read More »
I met up with a friend of mine the other day for a function. He rolled up in a new Lexus IS350 that costs about $43,000 out the door. Immediately, I was envious of his wheels given I just drive a $20,000 Honda Fit named Rhino. My thoughts of doing the economical thing of buying
Your Friends Really Do Influence Your Spending Habits Read More »
Edward Wolff, a professor of economics at NYU put together a really shocking median net worth chart over time in 2013 dollars I wanted to share with everybody. The data highlights the median net worth four years after the 2009 global financial crisis. The main takeaways are: 1) The median net worth of middle class
The Median Net Worth Of US Households Over Time Has Gone Nowhere Read More »
One of my readers on The Spending / Savings Balance post asked why I should feel bad spending money on remodeling my house when it should be considered an investment, so long as I don’t go over board. The truth is that when I was cutting multi-thousand dollar checks every week, I was telling myself
Be Careful Justifying Your Spending As An Investment Read More »
Balance is one of the keys to greater happiness. But, when it comes to money it can be hard to find the right balance between spending vs savings. We are constantly bombarded by marketing campaigns and ads tempting us to spend, spend, and spend some more. Perhaps there is a natural spending vs savings balance
Is There A Natural Spending Vs Savings Balance? Read More »
Are you ashamed about inheriting money? Don’t be. Our parent’s generation has made the most amount of money in the history of the world. A lot of money will be passed along. “How did I get my million dollars? It was simple. One day, I bought an apple for a nickel. That night, I cleaned and
Why Are People So Ashamed About Inheriting Money? Read More »
If you want to get rich or simply just grow your wealth, first you have to be willing to save more money. Then, you have to be willing to smartly invest that money to beat inflation and benefit from compounding returns. But, perhaps you’re in need of motivation to save more money. Funny or not,
A Great Way To Save More Money: Visualize Your Broke-Ass Lonely Self Read More »
As a homeowner and landlord, I’ve hired a lot of people over the years to help fix things on my home and rental properties. I always get my hands dirty and try to fix things on my own first, but sometimes I don’t have enough expertise or time to do certain repairs. Craigslist used to
Life Hack: Use Yelp To Save You Stress, Time, And Money Read More »
As a personal finance blogger, it frustrates me that some people consistently spend more than they earn and then complain why they can’t build wealth. Uncontrolled debt can quickly spiral you into bankruptcy. Control your spending! Yet, this doesn’t scare people enough to stop their overspending habits. And it’s not just hoodlums that spend more
Why Do Some People Consistently Spend More Than They Earn? Read More »
