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10 Things Millionaires Know About Money & Success That You Don’t

Is that elusive goal of “millionaire” status still seemingly out of reach to you? For years I thought that attaining millionaire status was just “luck of the draw”. Some people were “meant” to be rich, and others were “meant” to be poor. No matter how hard I tried, I couldn’t seem to change my dire financial situation, so I figured that was a sign that I wasn’t destined to be rich – or even financially stable. Read more

True Financial Restoration Has to Come from the Inside Out

When I was in my early twenties (I’ll be 50 this summer) my BFF Judie and I were workout queens. Gym rats. Gym nerds. Muscle heads. Whatever you want to call it. We were amateur body builders who lifted weights three times a week in training from our body builder friends and spent three more days a week running or rollerblading around local lakes (it was the early nineties, after all ๐Ÿ™‚ )

On the outside, our appearances were perfect. In fact, one time a guy came up to me on the street and said “MAN, you have the nicest calves I’ve ever seen!” It felt good to be complimented on a part of the body that most guys don’t usually notice. ๐Ÿ™‚ ย  Read more

What Happened When One Family Set a Goal to be Mortgage Free in Seven Years

Today we’re sharing the story of Owen and his family. Find out what happened when they bought their house in the midst of tough economic times.ย 

When we bought our first home it was in the middle of the financial crisis. Our purchase came with a $240,000 mortgage. It was a ridiculous sum of money. It also seemed like a very risky time to buy. People were being laid off, the stock market was tanking, and we were taking on a massive amount of debt. It was the largest amount of money we had ever owed. Read more

9 Pieces of Financial Advice for High School Graduates

It’s that time of the year when graduation caps will be flung in the air and high school seniors everywhere will be reflecting on their lives as children and anticipating what they’ll do with life as a legal adult. Some will be heading off to college to tech school, while others will immerse themselves into the working world, eager to start funding their hopes and dreams. Read more

The Importance of Finding the Leak in Your Financial Ship

 

One day soon after we began our “getting out of debt” journey I decided, for motivational sake, to go back and track how much we spent on eating out in 2012. It was in December of 2012 that we had our financial wake-up call and realized we had to do something about our money situation.ย  We’d cut down quite a bit on eating out over the last couple of years before that, so I was curious to see what we’d actually spent on restaurants, given we’d tried to make 2012 a little more budget friendly in that area.ย  Read more

Financial Literacy Roundup: Week #4

Alas, it’s the final post in this marathon of information that hopefully increased your knowledge base during Financial Literacy Month. Learning about money management is a lot of work, but it’s one source of education that will most surely pay off if you’re willing to put into place the pearls of wisdom you learn. And here, my friends, are more pearls for your collection. Read more

How to Successfully Invest in Real Estate

Today’s post comes from my good blogging friend Andrew, who blogs over at Living Rich Cheaply. There he talks about building wealth while living in one of the most expensive cities in the U.S., NYC. Today he is sharing his experience in real estate investing. Enjoy!

There is an allure to making it rich investing in real estate. There are late night infomercials telling you they can teach you to build a real estate empire. There are shows about making big bucks flipping houses. Real estate investing is NOT a get rich quick scheme, but it is a great way to build wealth. If done right, investing in real estate has many benefits including having monthly cash flow, tax benefits, having your tenants’ rent check pay the mortgage, leverage and appreciation. There are many ways to invest in real estate but for purposes of this post, I am going to focus on buy and hold real estate investing. Read more

Ways To Increase Passive Income

This guest post of courtesy of my blogging friend Michael, who blogs over at Stretch a Dime. Enjoy!

Some years back, I bought a young lime plant, and planted it in my backyard. I spent a good amount of time taking care of it when the plant was young. In a few years it grew to become a decent sized lime tree and started producing lime.

My daughter and I would go and harvest the lime. We would make fresh limeade and my family would enjoy it. Every summer, we would harvest literally hundreds of lime. We would give away some of the produce to our friends. Read more