Do you want to be Rich, or do you want to be Wealthy?
I personally never thought about the difference between the two until recently, when I saw this quote from Robert Kiyosaki (author of Rich Dad, Poor Dad):
“Many people think that being rich and being wealthy are the same thing,” said rich dad.
… Read More
I have no doubt that saving money and building assets over the last 2+ years has made work a “smoother” part of my life. In general I don’t view it as a life sentence anymore – I’ve learned (and personally observed) that becoming at least competent at personal finance opens a lot of doors.… Read More
“Live Below Your Means”.
It’s probably the most well-known and obvious piece of personal finance advice. Spending more than you earn will lead to debt, instability, and your livelihood being dependent on a job.
Then there’s the “personal finance 180” – you slash expenses, downsize your house, get rid of your car and sell a bunch of stuff, leaving you with a lean mean new budget and lifestyle. … Read More
Apparently last week was America Saves Week. Does that mean the other 51 weeks a year are America Spends Weeks?…(ba dum dum)
Anyways, lately we talk a lot about specific numbers and what role they play. There’s the big names like Net Worth and lesser known (but equally important) Real Hourly Wage. … Read More
Every month I’ll post an update on my finances from the last month, with a focus on increasing income, spending less, and maintaining a high savings rate. You can see previous updates here.
A quick note: I’ve updated how I’ll show my results. … Read More
Remember the 5 Ws? Depending on how long ago you graduated elementary school it might have been a while, so let me refresh your memory.
Who, What, Where, When, Why
In English class the 5 Ws are introduced as questions you need to ask to successfully solve problems. … Read More
How do you save for the short term (big purchases, vacations, a wedding), a house downpayment, and retirement, and pay off debt at the same time? And stay sane?
It can all seem overwhelming. And if there’s one thing that makes someone shy away from anything personal finance (or anything) it’s when something seems too frustrating, complicated, and more trouble than it’s worth.… Read More