Over the past few years the FIRE movement has started to gain more traction in the mainstream media. No, not a fire that burns and creates smoke, but FIRE as in Financial Independence Retire Early.
Last night my two-year old daughter got into one of those moods that only two-year olds can get into where they insist on doing something. Anyone that’s had a two-year old knows what I’m talking about. What she wanted to do last night was to pour a small cup of milk into her bottle she drinks before bed.
In personal finance, it’s easy to play not to lose. Ending each month breaking even or a little bit ahead can feel like a win because nothing “bad” happened financially. There’s an illusion that as long as we’re paying our bills and staying out of debt, everything is fine.
The word “investing” has a lot of different connotations for people. Some think of investing as only for the wealthy. That’s actually myth number three in my long-form blog post, Top 12 Money Myths You Should Ignore. Others think of investing as sacrificing now for the reward of a far off distant land called retirement. Invest now so you can benefit in 40 years.
There is a lot of bad financial information out there. Whether it’s from a clickbait ad, a neighbor with hot stock tips, a headline grabbing article, or well-meaning family members—bad information is all around us. With bad information comes money myths. These are my top 12 money myths.
Mark Twain wrote “I’ve had a lot of worries in my life, most of which never happened.” I’m not sure why people worry so much, but we do. I say “we” because I’m certainly not innocent of this either. And just like the Mark Twain quote, most of it has never happened.
Leveraging debt is a term thrown around often, especially when it comes to real estate investing. But what exactly does it mean to leverage debt and how can it help build your wealth faster? And why do so many people advocate leveraging debt while others warn us not to?
We all know the obvious things money can buy. Food, shelter, transportation, consumer goods, among other things. But what about the less obvious? These are five not so obvious things money can buy.
A million dollars used to be the end of the rainbow in personal finance. It literally meant that you were a “millionaire.” You had made it financially and would never have to worry about money again providing you maintained your spending habits that got you to a million in the first place. However, due to inflation, a million dollars today is not what it used to be. But it’s still a lot of money and a very worthy financial goal.
My morning routine Monday through Saturday is eerily consistent. Wake up early, eat breakfast, read a few articles, and then get to writing before the rest of the day. I’m usually done by the time my family is out of bed.
There’s a money evolution going on inside of you whether you know it or not. We are always learning and changing. Some people make productive
The power of compound interest is undeniable. Compounding starts off slow, followed by more slow progress, and then BAM! It’s off and running and your
Scarcity exists everywhere–with time, money, ideas, a general mindset about life, and a plethora of other things. The premise of this post is that scarcity
Financial Mistakes happen. As much as we try to avoid them, they will occur. Hopefully not twice, but that happens too. It’s something everyone has
