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...
Two Metrics You Must Track To Achieve Extreme Wealth
How Much Can You Actually Make Blogging?
Ever wondered how much you can make blogging? I’m talking about my favorite income-generating idea today. Here are real numbers from real case studies, plus how to start a blog of your own in under 10 minutes. When I started this blog a little over a year ago, I was just enjoying a...
Money Hack: Buy Your Luxuries On A Budget
Take advantage of the market’s shortsighted view to buy your luxuries. You can get the high-end version rather than the entry-level version, often for much less. There’s a common refrain in the financial independence movement that we should all move towards a minimalist life. We should be happy with bare-bones items and derive our...
Average American Families: How To Make Your Child A Millionaire
The average American family can buy their child’s retirement and make them a millionaire, if only they viewed their child-rearing spending differently. Here’s how to set your child up to be a millionaire – without spending more than you already do. The USDA says the average cost of raising a child in the US...
The Reverse Budget: Why Normal Budgeting Sucks And What To Do Instead
Budgeting as it is normally implemented sets you up to fail. Here’s what to do instead. If there is one word in the personal finance lexicon that makes people cringe, it has to be the word budget. Every well-meaning article suggests you build and stick to an ambitious budget. Bucket methods, envelope methods… ...
How To Land Your Dream Job
Landing a job is a completely different skill set than performing well in it. If you have what it takes to perform a job well but don’t know how to find and land it, this is for you. Good At Job Search vs. Good At Job Picture this. You’ve been clocking in the...
How Much Does It Take To Be Wealthy in America?
Charles Schwab interviewed 1,000 Americans about their views on money. Here are the most interesting insights. I’m always interested in others’ views about money, and Charles Schwab’s annual survey – Modern Wealth Index – has quite a few insights into the subject. It Takes Over $2 Million To Be Considered Wealthy What...
Building Your Own Income Streams: Passive or Active Side Hustle?
Establishing your own proprietary income streams can speed your financial progress. Here are a few ideas to build your own income streams through side projects, as well as which side projects are more lucrative. If you’ve spent any amount of time reading personal finance blogs, you’ve probably come across the concept of a side...
Understanding Your Spending: Problem or Expense?
This one question will help you to be happier with your spending decisions, from identifying where you can save money to making peace with big splurges that break out of your usual frugal patterns. As many of you know, the Money Habit household welcomed an extra member a few months ago. Money Habit Jr....
Why You Should Always Max Out Your Retirement Accounts – Squashing Your Fears
Worried that maxing out your retirement accounts will not leave you enough on before 59 1/2? Here are all the penalty-free ways to draw money from your IRA that make it almost always the right move to still max out your retirement accounts. Over the past year and a half, I’ve gotten all sorts...
Job Trends: Fastest-Growing, High-Paying Jobs in 2018
The fastest-growing roles also happen to be some of the highest-paying in 2018, and one sector dominates the map. Here is the way the wind is blowing if you’re considering a career change or coaching your college-bound kids on a future career. While I have no intention of working a traditional job in the...
Frugal Tips for Seeing the World
Our guest poster shares how he manages to take half a dozen trips a year and maintain his savings rate of 50%+. Today’s guest post is written by Brandon, a reader of the blog and an active but frugal traveler. In the past year he has taken half a dozen trips including Hawaii, Italy,...