For as long as I’ve been reading personal blogs, the key advice you always take away is that to build wealth and financial independence, you have to spend less than you earn (ie SAVE). The is timeless advice.
But there are also lots of folks on the web following the advice of ditching your job, doing your own business, and earning passive income. The advice is given as though being an employee is a plague! Today, I just want to be cheeky and suggest that you do not always have to follow this advice (even if you hate your job or boss!). Here here are some of my goofy thoughts. » Read more
I was listening (as always) to the Internet Business Mastery podcast and just loved one of their questions. I’m paraphrasing here, but it went something like this:
What would you want to do if you only had to do three things for a living? » Read more
When it comes to personal finance, there are three major areas that people tend to focus on: saving money, getting out of debt, and (sometimes) investing.
Two of those things (saving money and paying off debt) are in the top 20 of the world’s most popular goals on 43 things. » Read more
If you’ve been reading personal finance blogs for any length of time, you’ve probably heard about The Millionaire Next Door. It’s an interesting book with some good insights, but what people often take away from reviews of it goes something like this:
“If I want to be a millionaire I have to live like a broke college student until I’m really old and then maybe if I’m lucky I’ll still be around to enjoy the money.”
Blog posts about the miracle of investments compounding over time and the value of saving money on the little things (you know, being frugal) often add to this perception. The perceived takeaway is often “Scrimp and save now, deprive yourself, and you’ll be better off later.” » Read more