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.
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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. For one, I’ve gotten rid of the “carryover” category. … Read More