Living for today - Planning for Tomorrow
Since I’m a follower and try to emulate people that are doing good things, I opened an Emigrantdirect account. I funded it with $5000 that I had sitting in my savings account at my credit union. The day after I started the process I read a post that said I may want to consider funding it with just a little bit of money until I’m
Thank god you can still become a millionaire if you are lazy. It’s going to take me a little longer than I’d like, but I’m on track. Lately, I’ve been trying to come up with some alternate sources of income. The “passive” income that so many of the PF bloggers out here talk about. The appeal of earning money while I’m sleeping is just too
Those guys over at NetworthIQ (assuming they are “guys”) are making good progress. Not only can you input your net worth and make it public or private, but you can also now compare your networth with others that have made their profiles public. You can sort by:AgeIncomeEducationOccupation You can also view the most popular, and highest net worth individuals. Good stuff. The more we can
JLP over at Allthingfinancial has a great post that tells you how to calculate your net worth based on a formula from “The Millionaire Next Door”. When I read this book, I ran the calculation (years ago), but had since forgotten it. Low and behold, I saw JLP’s post and ran the numbers now. I’m officially wealthy! That really makes me feel like things are
I’m hoping to start some dialogue on the subject of home ownership. It seems like there are a lot of PF bloggers that don’t own homes, or any real estate. Why is that? Do a lot of people think that real estate is risky? (Which I don’t disagree with, but I think it’s a relatively moderate risk when compared with all the other places that
This is very cool. It lets you choose your occupation, education level, income level, and net worth and tells you what class you would be considered to be in. It’s interesting to see how they’ve rated some of the different professions etc. Very much worth your time to check it out: http://www.nytimes.com/packages/html/national/20050515_CLASS_GRAPHIC/index_01.html
Well, according to this article, we have a record number of millionaires out there. That’s great news, unless you aren’t one of them. I’m on my way, but I haven’t made it yet, and the road looks long and bumpy. Highlights: There are 7.5 million millionaires in the country now A 21% increase in millionaires year over year There were only 6 million millionaires in
I have an opinion. Okay, well I have a lot of opinions and here is one of them. Everyone that is able to, should buy a home. I’ve read, on many blogs, and other articles, that home ownership isn’t necessarily for everyone. I won’t disagree with that but I think it’s only that rare person.Here is my very unscientific opinion on the subject. It’s no
In one of my other posts, I mentioned that I like to talk to and watch people that are doing better than I am financially. I have a couple really good role models that are doing VERY well. (I’m not sure they know they are role models for me. I guess I should probably tell them. I bet they will be flattered that someone thinks
There are so many choices in life that it sometimes seems overwhelming. Even if you want to make all the right decisions, inevitably you make a few mistakes. I’m probably a poster child for having good intentions, but failing to make the best decisions. I think that many of the traits we have are learned from family and friends. If you grew up in a