When it comes to personal finance, you essentially have two major areas of focus: your income and your expenses. On the income side, you’re dependent on a number of external factors such as the economy, your employer, your tax rate, your industry, etc. These external factors can sometimes work against you, making it difficult to … Read more3 Power Tips to Take Control of Your Expenses
Becoming wealthy is not easy. It takes hard work, a sound strategy, and continued perseverance. Moreover, becoming wealthy means taking action versus looking for good things to happen to you or looking elsewhere for opportunity. While there are a number of reasons or challenges to individuals becoming wealthy, in this post, I’m going to walk … Read more5 Reasons Why People Fail to Become Wealthy
I believe that the younger Americans in their 20s and 30s are more focused on quality of life versus previous generations. As such, these individuals value experiences, value their time, and value the possibility of early retirement. With market crashes, high unemployment, bankrupt social security, underfunded pension plans, and more ugly economic factors, the possibility … Read moreIs Early Retirement a Realistic Option to Pursue?
I recently heard an interesting discussion on Dave Ramsey’s radio show about the length of time you need to live in a home in order for it to make sense going through the process and expense of purchasing it. It’s a rare occasion that I disagree with Dave Ramsey, but in this instance, I did. … Read moreHow Long Do You Have to Live In A Home to Justify Buying It?
Financial independence is a term typically used to describe a state where you have sufficient assets to live a certain lifestyle indefinitely without having to work or be employed. Whether your income is derived from interest on savings, investment income, real estate income or something else, it really doesn’t matter. The key is that you’re … Read moreDifferent Paths You Can Take Toward Financial Independence
Today, I’d like to share with everyone blogs that I read and think you should check out. For each blog, I will provide details on what is great about it so that you can understand better which blogs might be best for you. I hope that the following blog recommendations will help you find additional … Read moreTop 10 Financial Blogs to Follow In 2010 By Category
There is a tug of war going on over your money right now. When you sit down and think about it, you know that you should save your money, pay off your debt and provide for your future. Unfortunately there are other forces coming after your money. Not only do you have to deal with … Read moreHelp Yourself, Not The Economy
I’m a firm believer that your 20s is the most important decade of your life financially. This was a driving reason on why I chose to start my blog 20smoney.com. This is a crucial decade; unfortunately, it is often the most abused decade as well. Rather than saving, investing, and building a career, many 20-somethings … Read moreFive Things to Focus On In Your 20s