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September 2016
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How to Feel Financially Empowered on a Small Income

feel financially empowered on a small income

If you’re new here, you may want to subscribe by email and receive my free eBook, “101 Ways to Make More Money”! Thanks for visiting!

Do you think it’s possible to truly feel financially empowered while you’re living on a small income? Does more money equal more power over your own life? I would argue that it’s never that cut and dry. The breakthrough in my financial story wasn’t the day I doubled my income. It was the first big shift in my mindset.

Broke Vs. Poor

“Being broke is a temporary situation. Being poor . . . → Read More: How to Feel Financially Empowered on a Small Income

The Absolute Best Tool For Getting Out of Debt

getting out of debt

Getting out of debt sucks.

Seriously.

I’m a math nerd, I like depriving myself of stuff, and I really like to live simply…and getting out of debt still sucked.

BUT – it was one of the best things I’ve ever done.

In case you don’t really know my story, here’s the sequence of events:

Graduated from college, had $18,000 of student loan debt Got married (yay!) Together, we paid off the $18,000 and built up an actual net worth Got divorced (booo…), kept the house, and therefore was thrown back into debt because I owed my ex $22,000 of . . . → Read More: The Absolute Best Tool For Getting Out of Debt

“Hey Derek, What Should I Do??” Answering Your Money Questions #3

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“Alright Derek, I’m thinking about retiring early, but I’m scared to death of health insurance costs. Are they going to wipe out my life savings?!” — Megan

“Derek, my car is breaking down all the time and I think it’s time for an upgrade. But how much car is too much?” — Tom

Megan, Tom – Thanks for the awesome questions this week! I’m honored to give you my take on them.

If YOU have questions for me, ask them in the comments below, send me an email through the Contact tab above, or find me through Facebook or . . . → Read More: “Hey Derek, What Should I Do??” Answering Your Money Questions #3

How to Handle a Job Loss Like the Awesome Person You Are

handle a job loss

This post was written by Kimberly Studdard, a talented writer that has experienced and handled job loss.

When you are fired or laid off from a job, it may seem like the end of the world. But what if I told you that you can not only survive, but thrive after losing your job? I am proof that you can turn a job loss into a new opportunity, and even a thriving business (if that’s what you want to do!)

A bit of background on me: I lost my job in August 2016, and since then I have worked . . . → Read More: How to Handle a Job Loss Like the Awesome Person You Are

Should Personal Finance Be Taught in High School?

should personal finance be taught in high school

One of the biggest missed opportunities of the education system in America is the lack of education revolving around personal finance. With the amount of debt accumulated by Americans soaring each year, it’s a wonder how schools have neglected to add even a one-day course into their middle or high schoolers’ curriculums.

Should Personal Finance Be Taught in High School?

Millions of high school graduates or recent graduates enter the “real world” of college, military service, or employment each year with little to no knowledge of the key principles of finance. Many believe that it is as easy as earning . . . → Read More: Should Personal Finance Be Taught in High School?

What Happens If The Stock Market Crashes? Is Your Money Safe??

what happens if the stock market crashes

There are way too many people in this world that blindly contribute to their 401k and then pray that it’ll grow into something that they can retire on. Does this sound like a good plan to you? What happens if the stock market crashes? Do you think your 401k money (that’s invested in the stock market…) is safe?

What Happens If The Stock Market Crashes? Is Your Money Safe?

The short answer is…. of course not. No invested money is guaranteed safety. If you are invested heavily in your 401k and the overall stock market tanks, you’re headed down with . . . → Read More: What Happens If The Stock Market Crashes? Is Your Money Safe??

5 Myths of Online Trading Debunked

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There is no doubt that you have probably heard or read or spoken to somebody who has an opinion or insight into online forex trading and more importantly why you should or should not do it. As with any new venture there always exists a substantial amount of speculation – and more so than with most – around the online trading industry. There are some interesting myths surrounding online trading, so in order to answer your questions and debunk the myths surrounding the industry here are 5 responses to some of them!

1 – Online forex trading is riskier than . . . → Read More: 5 Myths of Online Trading Debunked

“Hey Derek, What Should I Do??” – Answering Your Money Questions….#2

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“Hey Derek! I’m at a crossroads and I don’t know what to do! Can you help me?!”

These are the types of emails I get each week from my long-time readers, and I absolutely LOVE it.

Today, we’ll be helping out David and Megan. Here are their questions:

“My husband and I have really been trying to get rid of our debt over the last year and a half or so and aren’t doing too bad. We’re paying off debt smallest to largest, but the big balance on the credit card is what truly makes me nervous – . . . → Read More: “Hey Derek, What Should I Do??” – Answering Your Money Questions….#2

What to Look For in a Factoring Company

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There are plenty of factoring companies out there that can assist you with the various needs of your business. Factoring companies can be very useful when you are trying to improve different areas of your company so it can continue to grow. However, you need to be very careful when you are planning to hire one of these companies. It would be a huge mistake to think that all of the factoring companies are the same.

The reality of the situation is that the quality of service provided by these companies can be incredibly different in terms of its accuracy . . . → Read More: What to Look For in a Factoring Company

Does Junior Really Need to Go to College? 5 Reasons to Skip It

need to go to college

Everyone wants to be that perfect family. Mom’s beautiful. Dad is getting his sophisticated grays. And they have two caring and incredibly intelligent children – one’s going to be a lawyer, and the other a doctor.

Okay now let’s be real. Is that your family? Probably not. You’re 20 pounds heavier than you’d like to be. Your spouse hasn’t read a book since grade school. And your kids….Well, your kids just can’t seem to figure out this thing called life.

However, what does every parent preach? Let’s all say it together…

“You son, need to go to school and get . . . → Read More: Does Junior Really Need to Go to College? 5 Reasons to Skip It