3. PURGE RECURRING EXPENSES If you’re paying for subscriptions to magazines you never read or pay more for your cable bill than you do for car insurance, it’s time to purge your recurring expenses. Spend about an hour reviewing recent expenses, keeping an eye out for monthly charges like cable Read more…
We buy a new shirt or dress… and immediately begin looking for new shoes to match. We bring home a new couch… and suddenly the end tables in our living room appear old and shabby, in need of replacement. We purchase a new car… and soon begin spending money on Read more…
Mutual fund types Initially, mutual funds only invested in equities (stocks). Because the bond market is roughly twice the size of the stock market, it didn’t take long for mutual funds to start investing in bonds too. As time passed, the number of funds increased as they began to specialize Read more…
… 7. Debt. You are wasting your money if you have high interest rate debt. This is due to interest charges you are paying that will just keep building up until you are able to pay it off. If you have never done so, I want you to add up Read more…
Our culture espouses continual consumption as the answer to all ills. But in reality, it only serves to chain us to the consumer carousel of endless buying. Conversely, if we allow ourselves to step outside of this buying-focused mindset, we can start to address the actual stuff of life. How are we Read more…
In America, if you ask a roomful of people who wants to be rich, almost every hand gets raised. The desire for wealth is almost a forgone conclusion in our society. So much so, in fact, anybody who claims they don’t want more is quickly labeled a madman, a liar, or Read more…
This leads to my next tip… Have a plan. Having a plan is a good idea if you want to travel and work at the same time. Some of the things you will want to think about if you want to learn how to become a digital nomad include: What will Read more…
So how do two people (that’d be us) who only spent $13,000 (plus our mortgage) in all of 2014 manage to live a luxurious life? We only spend in service of our life goals and on what we genuinely value. We don’t let anyone else dictate how we should structure Read more…
1. STOP WATCHING THE CLOCK If all you ever do is focus on how much you get paid per hour, you’ll be working long hours for the rest of your life. Take a lesson from Tim Ferriss’ “4-Hour Workweek” and start thinking about how you can get paid for results Read more…
1. LIVE TWO TO THREE TIMES BELOW YOUR MEANS Sorry, folks: Simply skipping that $4 latte in the morning ain’t gonna cut it. It takes a much more committed approach where “sacrifices” are viewed in a new light. “It’s amazing when I work through the numbers that some people think Read more…