The Hand That Feeds Me

Right now I have two hands that feed me.

The first one is my passive income.  Right now, this equals a few hundred dollars a year in dividends from investing in stocks.  I reinvest those (to get more dividends!) so they never hit my bank account.  I also occasionally open up a bank account or a credit card for the sign up bonus.  …

Three Numbers That Build Wealth

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.

A Feeling When You First Get To Work…

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.

Doing things like reducing debt and building savings reduces the stress of having my livelihood depend upon a job (where the circumstances, expectations, functions, etc.…

Existing Below Your Means

“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.  …