Today we have a guest post from Michael Rogers about how you can increase your net worth in short order. Your net worth is an indicator of a number of different things, but ultimately it is a key calculation of your overall financial success. Many individuals make this calculation and realize that their net worth is in need of a little adjustment on the positive
Why are some people able to build real wealth and achieve financial freedom at a much faster pace than the rest of the world? The truth is there’s no magic secret. Instead it comes down to a few key habits and traits. If you’re willing to adopt these four wealth building traits you, too, can set yourself up for a life of financial freedom. Sacrifice
Do you have a millionaire mind? Will you ever make it to the one million dollar mark? You might. In fact the characteristics of millionaires probably aren’t what you think. Today’s self-made millionaires are not flashy, don’t advertise their wealth, and aren’t workaholics. At least that’s the consensus of Thomas J. Stanley’s studies in the book The Millionaire Mind. According to the data Stanley collected,
When it comes to tracking your money the saying “different strokes for different folks” is certainly true. Personally, I’m not very good at tracking my expenses to the penny. I did it once, actually. Usually I set a “guided budget” and even though my numbers may not fit perfectly within my original estimates, I still normally spend around the same amount of money each month.
Last week I was invited to attend a financial event at the local baseball stadium. A friend of mine has been a client of a major investment/insurance company for years and was encouraged to bring a couple friends to this small event. (There were about 70 people total) I’m normally not very interested to attend speaking engagements like this but because it was at the
I’ve recently found myself surpassing some financial milestones that I never thought I’d see. Our retirement accounts are at levels that I used to just dream about when I was first starting out. Never underestimate the power of consistent contributions and compound interest, that’s for sure. As I was sitting here looking over the numbers I started to wonder why I’d always thought these milestones
Lately I’ve been somewhat obsessed with the idea of tiny houses. I stumbled on to a Youtube channel that shows lots of different examples of people living in a smaller footprint. In this day and age, we are living in much larger houses than ever. During the economic downturn, I started to read about how builders were starting to build smaller houses to keep costs
I don’t know if I should admit this or not, but I’ve been spending too much time on Reddit lately. If you aren’t familiar with Reddit, it’s a website that sucks you in and never lets you leave. Okay, maybe that’s a bit dramatic but the reality is that there is SO much content on Reddit that it’s hard to walk away from it. If