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. … Read More
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