Your 30s can be one of your best decades ever for building wealth. You may finally have a job that you want to base your career around and you may have started to build some wealth. But your 30s can also be very difficult financially, as you may be starting a family, preparing for your kids to go to college, thinking about saving for retirement, and even trying to keep up with the Joneses. Fortunately, there are some great moves that you can make with money in your 30s to put you on the right path financially. Here are 30 things that you can do to build wealth in your…
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The Worst Financial Advice Ever
Most of the time, the financial advice that I hear is pretty good. Things like buy used cars, invest for retirement, and pay down debt are all solid pieces of advice that will help us to become more financially secure. However, I have also heard some pretty bad financial advice. I asked some of my friends online about the worst financial advice they had heard. Just like me, they have heard a lot of bad advice. Here is some of the worst advice that they have heard.
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Today’s Decision Becomes Tomorrow’s Reality
As part of a marathon training plan that I am following for the Monumental Marathon in November, I am doing interval running workouts called "strength workouts." These workouts involve running mile repeats at a pace that is a little bit less than my projected marathon pace. Since I am optimistically projecting a marathon pace of 7:10 per mile, my strength workout involved running 6, 1-mile repeats at 7:00 per mile. On a normal day, this is something that I can do. It's not an easy workout, but I can usually complete it. However, yesterday I completed a CrossFit style workout that involved 84 "thrusters." For those of you that have…
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9 Extremely Easy Ways to Become a Millionaire
In last week's article, I wrote a bunch of lies. Instead of focusing on becoming rich, we should focus on frugal analogs to wealth (whatever that means) and finding happiness through our relationships with others. What a bunch of crap! You and I both know that we really just want to become filthy, stinking rich. We want a solid gold fountain in our front yard, a 400 foot long yacht, and 12 homes on 4 different continents. Who cares about relationships? Once we are rich, we will have thousands of "friends."
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Using Marathon Endurance to Win in Life
Over my lifetime, I have run 26 marathons, plus numerous other “fun runs” that are as long or longer than the marathon distance. I am definitely not the best runner in the world and have never won any of these marathons. However, I am also competitive with many other runners and usually finish in the top 5-15% of the field. I have even qualified for the Boston Marathon a few times and have won a couple of shorter, local races. Overall, I consider myself to be a fairly good runner, but not the best one out there. However, if I lined against 7 other people in a 100 meter race,…
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2 Futures and 1 Big Choice
The year is 2039. Over the past 20 years we have seen the dawn of driverless cars. We have watched as a small colony is established on Mars. And robots; robots are everywhere now! Helping us clean. Shopping for us. Even embedded in our body.
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5 Ways to Save for an Epic Adventure
One of the worst things to do is to get stuck in the routine of everyday life. We get up, go to work, have dinner, and go to bed, only to wake up the next day and do it all over again. Sometimes it feels like we are just stuck in a rut. To get out of this rut, it helps to change things up. We could go on adventures in our own town, go on a short weekend trip, or just take a day off from work. But sometimes, to really change things up, we may want to go on an Epic Adventure!
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How to Save a Ton of Money on Furniture
When I was 21, I got my first post-college job, moved out of my parent’s house, and set out to add some furniture to my apartment. My aunt was getting rid of a couple of things, so I was able to get a couch, a picture, and a couple of lamps for free. Thanks, Aunt Marg! I also headed out to Target and bought a $89 “entertainment center” which held my TV, stereo, and a few DVDs after it was assembled. Then, I made my big purchase, a $450 La-Z-Boy recliner! I had pretty simple tastes back then or as my wife will tell me, absolutely no taste. Furniture was…
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How You Can Make TAX FREE MONEY Without Being Shady: Part 2
Spending less money can potentially save you many thousands of dollars in state and federal income taxes. All that you have to do is follow one simple hack!
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It’s Actually Good to Get a Tax Refund
Most articles that I read and financial writers that I respect claim that it’s not good to get a tax refund. The general consensus is that you wouldn’t want to give an interest free loan to the government. After all, the government already has tons of money. Why would it need more of yours? And I completely see their point. In a perfect world, I would use the money that I could have gotten as a tax refund every single month. Instead of getting $1,200 back from the IRS, I would take $100 extra per month and use it to pay down my debt, invest, or save for a big…
