Our guest poster shares four opportunities you can leverage to find an underpriced home in your market. For Sale By Owner properties (FSBO’s), scouting for soon-to-come amenities, and more. J.P.: Today’s guest post comes from a reader and friend of mine, Jayce, who lives in an East Coast suburb. He and his wife have...
Guest Post: Finding An Underpriced Home
How I Decided When To Retire: The Emotional Considerations
Making the leap to leave my secure income behind was much harder than just hitting the number on a spreadsheet and walking away. Here were the major emotional factors I considered when pulling the trigger. In the years I was pursuing my goal of financial independence, the decision of when to retire seemed pretty...
Announcement: Money Habit Jr. Has Arrived!
We have a new member in the Money Habit household! And it’s making me want to share my favorite articles on money and raising children. The Money Habit household is full of activity these days. As a planner-type, I had some checklists I wanted to get through before the kid arrived, and I was...
What to Do During A Large Stock Market Drop
The Dow, S&P, and pretty much every major index have dropped approximately 6 percentage points in two business days. Do you need to take action? Here’s how to think about it with data, charts, and mentions of cake. It’s been an exciting few days in the stock market. By exciting, I mean terrifying and...
Acceptable vs Ideal: How to Have More Time, More Money, and More Happiness
Understanding the difference between acceptable and ideal will help you focus on the things that matter. A framework that will lead to more time, more money, and more happiness. With my friends at work most of the day, I do a lot of catching up with folks on gchat. Mornings these days start...
Two Metrics You Must Track To Achieve Extreme Wealth
Here are the two metrics you need to track to achieve extreme, early wealth, plus my recommendation on the best free tool to help you monitor and improve them. As you kick your financial planning into the next gear, the key to your success is building momentum. One of the best ways to...
A Warning Story Of Blind Momentum Investing: Inside A Pump and Dump Scheme
Seeing a particular stock or investment opportunity skyrocket can trigger a desire to get in on the action. Here’s an example of what you’re up against, and why having a fundamental thesis matters. During my time as an institutional investor, I sat through a slew of hot opportunities, many of which we let pass...
2017 Income Report: How I Made $62,326 Blogging 5 Hours A Week
What I made in my first calendar year of blogging and how it was done. A discussion of blogging as a side hustle to build wealth while working on things you enjoy. I’ve talked a lot on the blog about the four components that go into building extreme, early wealth: Earning more money...
Breaking Down Real Estate Private Lending: A Source for 9-12% Returns?
Our guest poster Elizabeth Martin introduces the concept of real estate private lending – an investment asset that has been yielding her 9-12% returns – and breaks down how it works and how one might get started. I am continually impressed by the smart readers that have joined the Money Habit community. Today, I’m...
How To Spend Your Money: A Thought Exercise on Happiness
A thought exercise on the recipe for happiness and where your dollars should really be deployed to achieve it. I love January. As a Type-A planner type who measures all her financial goals on a calendar year, January is pretty much like waking up to a Christmas tree surrounded by gifts. I get to...