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,
How much money do you need to earn to feel successful? Fifty thousand a year? One hundred thousand? Two hundred thousand? What’s the magic number? A recent Harris Poll study attempted to unveil the answer. Right around 5,500 men and women were surveyed and the numbers are all over the board. Unlike former studies that showed that earning $75,000 a year will bring you the
Every month I publish my monthly income numbers online and even though the money I’m earning is more than enough to get me by, I always mention the same thing. “This may be considered a low income but it works for me.” And all of a sudden I’m wondering why I even add this statement. To fill you in I earn somewhere around $2,500/month and
Yesterday I got a Magazine from Compassion International, a Christian charity that helps children and communities across the world. Like always the magazine featured some interesting statistics about other countries. I was in utter amazement at just how little people in other countries get by on. Of course, “getting by” is a very relative term. Because the truth is many people in other countries aren’t
Do you want to start a business but aren’t sure whether or not you have a good idea? Sometimes I think I may be slightly too obsessed with businesses. I’m constantly coming up with ideas and waiting for that one idea that makes me really excited. Not only that but here lately, I’ve had several other entrepreneurs ask me to critique aspects of their businesses,
You lose your job. You get divorced. You’re sitting under a pile of medical bills and debt. There’s a death in the family. Any of these circumstances can lead you to that point where you just can’t make ends meet. Trust me, I know. I’ve been there before. When I recently saw an ask the readers question on this very topic featured on Get Rich
I’ve always had an entrepreneurial spirit. This probably stems from the fact that everyone on my Dad’s side of the family has started a business at some point or another in their life. It’s what I’ve grown up around and consequently business ideas are always on my mind. If you want to be a business owner you have to start somewhere. Since you probably don’t
One aspect of personal finance that I haven’t studied much is taxes. Specifically how to pay as little taxes as possible, better known as tax avoidance. I decided that it was time to change this so I recently read a book about outsmarting the system, written by a former IRS agent who’d performed hundreds of income tax audits. While the book was a short read it
What I am doing to earn a living now started out as just a side hustle. I started in my spare time and over the course of a year I was getting pretty busy. There came a point when I felt like I was working two full time jobs. That’s when I had to make the decision: stay at my full time job or take
I’ve been reading The Happiness Project off and on over the last couple of months. I’ve finally gotten to the chapter where author, Gretchen Rubin, tries to buy happiness with material items. While my impression is that she is rather unsuccessful at this, her findings can be summed up as follows: Buying items that increase your quality of life make you happy Shopping can make
