I read a new book over the weekend and it was seriously one of the best books I have ever read. (6 Figures in 6 Months by Peter Voogd, in case you were wondering.) Some of the principles in the book I had already incorporated in my life while the others I need to work on. There was one thing that stood out to me
3 Things You MUST Consider Before Becoming Self-Employed
Working for yourself has a lot of pros, but it’s not all rainbows and sunshine like many people make it out to be. The fact is when you’re self-employed you’ve got to put some serious (unpaid) hours in the beginning just to make a name for yourself. After that you’ve got to learn how to manage clients, set your rates, and find ample time to
4 End of the Year Financial Check-Ups
The year is quickly coming to a close. Before you know it we’ll be entering 2015 and you’ll be setting New Year’s resolutions. To ensure that you make 2015 as successful as possible, you should first make sure that all of your finances from this year are in order. Here are four end of the year check-ups you should perform. Debt Assessment It’s extremely important
Money in Your Twenties – 5 Things You Should Know
My twenties are quickly coming to a wrap. (Seriously, where did the time go?!) And while I was lucky to fall in love with personal finance at a young age that doesn’t mean that I haven’t made my fair share of personal finance mistakes. Here are the five things you should know about money in your twenties. Kill Your Consumer Debt and Stay Away From
How to Treat Your Dollars Like Employees
If your personal finances were actually a company called YOU, Inc. how would you run YOU, Inc.? Would you let your money be spent on frivolous items that didn’t bring you joy, or would you run a tight ship and tell every dollar where to go? I’ve always been a sucker for articles that started like that. So, sorry, I had to put that in
Is Contributing to a Retirement Account the Best Way to Save?
I’ve always thought differently than the average Joe. And in one regard has been how to fund retirement. For me, it’s really hard to put my money in a retirement account when I could instead be using that money to buy real estate or start another business. Because you see, real estate and businesses have the ability to bring me FAR more money than what
What Does Financial Freedom Mean?
Financial freedom. It’s such a broad term. It can mean something completely different for each and every person. Yet the end result is usually the same. To sum it up financial freedom means that money isn’t what’s fueling your life decisions. Let’s dig a little deeper. The General Meaning of Financial Freedom While financial freedom can mean several different things there is a commonality. Financial
Why You Shouldn’t Listen to Dave Ramsey
It pains me to admit it but when I first took an interest in personal finance I hung onto every word that came from Dave Ramsey. I followed his financial plan to the letter. Which, at the time, was a good thing. Even though the only debt I had was a few hundred dollars spread out across a couple of credit cards, I paid those
Why Thinking Long Term is Hard (And Why You Should Do it Anyway)
Save for you future. Invest ten percent of your income. Open up a Roth IRA. It goes in one ear and out the other. I should know. The long term mentality has only kicked in with me over the past couple of years. As some of my close family members near retirement age I cringe. Without any savings to fall back on retirement is going
6 Sources of Retirement Income
Just as I like my regular income to be, I also want my retirement income to be diversified. You’ve heard the saying a hundred times – “don’t pull all your eggs in one basket.” And, there’s a good reason why: when you spread your income sources across various avenues you won’t be hurt if one source takes a turn for the worse. Here are six