I graduated with my Business degree in Finance back in 2008. At approximately this same time, my friend asked me if I have ever listened to Dave Ramsey, a personal finance teacher that preached the message of ‘Cash is King’ and ‘Debt is for Dummies’. With a chip on my shoulder, I responded, “I do agree with some of his teaching, but to avoid debt entirely? That’s simply just dumb. After all, debt is a tool and can be used to earn money without shelling out your own.”
I thought I was so smart, but in actuality I was just money hungry. Debt is hardly ever a good idea for a personal account since we are not rapidly growing our assets through business ventures and products that are creating a buzz in retail. Nope. Most of personal finance has one main inflow of money that needs to be budgeted in
Continue reading Earning a Grand Per Month is Way Easier to Do Without Debt
Purchasing a home can be an exciting process, but it is important to avoid making rushed decisions. Instead, keep these do’s and don’ts in mind when shopping for a home and mortgage to make your purchase go a lot more smoothly and to plan.
Do Learn About Different Types of Mortgages
There are a lot of different types of mortgages out there, so you shouldn’t just settle for the first thing that your lender offers you. Instead, learn more about variable rate, fixed, split and other types of mortgages and the advantages and disadvantages of each. Being properly informed and taking your time in making your decision will help you choose the right mortgage for your purchase.
Don’t Just Talk to One Bank
If you have a personal relationship with a certain bank or have just gotten approved for a mortgage, you might be tempted to sign up for a
Continue reading Home Loan Do’s and Don’ts
While reading another blog, I happened upon the story of Joy Anderson. Five years ago, she was a single mother with three kids. She was only weeks away from being flat broke. Many of us who need to earn a grand per month can relate to her financial situation.
She didn’t want to go to work outside the home and put her kids in daycare, so she decided to create her own preschool and only work a few hours a day. This in itself was a great financial decision because she was able to support her family AND care for her kids.
However, the real stroke of genius came when she decided to package all of the information she had discovered while setting up her own preschool in a training package for other women wanting to do the same thing. Sure, she had a serious investment of time when she
Continue reading Make a Grand Per Month Packaging Your Business Idea
If you’re looking to make a grand per month to help you reach your savings or budget goals, you’d likely welcome a program that helps you stop living paycheck to paycheck. That’s what I was searching for when I happened upon You Need a Budget (YNAB).
You Need a Budget was developed by Jesse Mecham when he was in college and engaged. The system gave him financial control, and several years later, after many friends had asked for copies of the program, he decided to make it public and sell it. In the years since, YNAB has become his full-time job, and he also has a number of people working for him.
What Makes You Need a Budget Different?
YNAB is a program designed to help you create the budget that will work for you. You won’t find the program advising you to spend no more than a certain amount
Continue reading You Need a Budget (YNAB) Review
Have you been pushing to make an extra grand per month lately? Whether you’ve succeeded in your pursuit of this goal or not, let me tell you that it’s 100% worth it. My life would not be the same today if I only made my regular income from my full-time job, and I know that my future outlook on life would not look at all the same.
My Quest of a Grand Per Month
When I started making an effort to earn some extra income on the side, I wasn’t necessarily looking to make a thousand bucks per month, but let me tell you, that is the magic number to change your life dramatically.
After reading up on a few low-cost startup possibilities to earn some money, I decided that blogging was right for me. Since I have a passion for personal finance, I decided to start the site http://lifeandmyfinances.com
Continue reading How the Extra Grand Per Month Has Radically Changed My Future