Do you know anyone that got a pretty decent promotion and almost immediately increased their standard of living? They most likely went out and bought themselves a fancy new car (to fit the role of their fancy new job) and maybe even moved into a larger executive home as well. Instead of shopping at a discount grocery store, they begin to buy their food at the more upscale store down the street. Everything just seems to become bigger and better, so what do you think happens to their overall cash flow? Most of the time their cash flow (the money that they have left after the bills are paid) goes unchanged or even goes down a little! If you want to stay rich, you need to think cheaper.
Think Cheap, Yet Effective
When I was 20 years old, my goal was to increase my discretionary income to $500 a month
Continue reading If You Want to Stay Rich, You Need to Think Cheaper
Are you looking for a great way to make a grand per month with a side-gig? Well I think I have the perfect solution for you: detailing cars. By this I mean, washing the outside of the car, waxing it, vacuuming the inside, and shining up the dash with a wet wipe (and perhaps even cleaning up the vents with a Q-tip).
My nephew is a few semesters into his college life and is quickly realizing how expensive it really is! His class load is constant, but his bank account is depleting. He would love to graduate from college without any debt (as I have taught him), but with a couple of $10 an hour jobs, he just doesn’t see where it is going to pay off. So I got to brainstorming – what can a 19 year old kid do that will make him some decent money and allow
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Have you ever driven past houses and thought, “Sheesh, when are they going to paint that house? It looks terrible!” Yes, it may look terrible, but many people avoid painting their house because it is just so expensive!In fact, I have avoided painting my house for 3 years because of the quotes I have received from various painting companies. To do the exterior of my house as well as my garage, I have been quoted over $4,000 from one of the cheapest bidders.
Up until this year, I just assumed that I had to get an outside company to paint my house, but you know what? Painting the exterior of a house is not all that difficult. You just need to power wash the dirt off, wait for it to dry, and then set up a really long ladder (for my house at least – it’s a 2 story) and
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It is certainly an awesome thing to make an extra grand per month. I set up a website over three years ago and earned many thousands of dollars over the years. This has allowed me to pay off large debts, purchase a home (and renovate it), and has now allowed me to start putting tons of money into my savings account (at a faster rate than I ever thought possible)! When you start earning your grand per month, you will begin to understand the power of this extra cash. BUT…not to be a downer or anything, but the government still deserves their tax money on your earnings, and it is best to plan for this in advance.
If you are a contracted employee or are making some money on the side, you are likely not getting taxed on your earnings up front. I strongly urge you to only consider half
Continue reading Don’t Forget About Those Taxes
Have you set your goals for the 2014 season? Perhaps more importantly, have you set your goals for the next 5 years or 10 years? If you are young, you should even have goals for the next 40 years. Sure, many of them will be altered by the time you reach that marker in time, but the very fact that you have a conscientious goal written down somewhere will make it much more likely that you’ll accomplish something of importance in life, rather than just living from one day to the next.
Aim High, Don’t Worry About Missing
I set goals for myself all the time. I have found that it is the best way to get things done – otherwise I may get into the typical habit of putting it off for tomorrow. You must know people like that. When you ask them when they plan on doing something,
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