How to Give a Million Dollars (Not Save…Give)

give a million dollars - money cash

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There are literally thousands of articles out there titled, “How to Save a Million Dollars For Retirement”, and that’s great – we should all be millionaires in our retirement if we want to live well in our golden years. In this article though, I’m going to challenge you to think even bigger. What if, instead of just saving a million dollars in your nest egg, you could give a million dollars?

Related: How to Make a Million Dollars in 10 Years

How to Give a Million Dollars (Not Save…Give)

Think of all the good you that can be done when you give a million dollars away!

Through Samaritan’s Purse alone, you could: provide a month’s supply of lentils and sorghum to 28,571 . . . → Read More: How to Give a Million Dollars (Not Save…Give)

Why (and How) Every Family Should Learn to Live on One Income

live on one income

Money is an important part of our lives because of the opportunities and possibilities that it presents. Learning to live on one income can have a huge impact on you and your family – more so than many will ever realize.

Reduced stress, more flexibility, better use of your money, and possibly even early retirement!

…These are all potential benefits when you learn to live on one income.

In today’s society most families live on two incomes. However, there are significant benefits to reducing your dependency to just one of those incomes. This article isn’t about why your family should give up one income, instead, this article is about living expenses and flexibility. Regardless of whether your family is a one-income or two-income family, using only one of the incomes to cover living expenses can be a great move.

Why (and How) Every Family Should Learn to Live on . . . → Read More: Why (and How) Every Family Should Learn to Live on One Income

Long Commute or an Expensive House? Which One Should We Choose?

long commute or an expensive house

Is your job located in an expensive area? Are you faced with either a long commute or an expensive house near your work? I never thought I’d be faced with this decision since my wife and I live in a fairly low-cost area. BUT, now that we’re looking at homes with acreage, the options seem to be quite limited in our desired location near work. AND, for the few houses that ARE on the market, they’re typically in the $400,000 range…when our budget is more like $275,000-$300,000.

Just recently, we spotted a house that has 5 acres, a perfect set-up for horses, and plenty of room for our family!

The price tag? $275,000!

But…it’s located 25 minutes north of where we really want to be… What should we do??

Long Commute or an Expensive House?

So what are the true pros and cons of a decision like this? Will we . . . → Read More: Long Commute or an Expensive House? Which One Should We Choose?

The Cost of Owning Cats Versus Dogs

cost of owning cats versus dogs

Getting a pet can be a life-changing and exciting decision. The cost of owning cats versus dogs can be an expensive one. In addition to love and affection, your pet will need food, supplies and regular healthcare. All of these costs can stack up, making pet ownership a financial decision with lasting impacts.

The Cost of Owning Cats Versus Dogs

In most cases, the joy of owning a pet can be worth it in the long run. However, it’s still important to understand how much pet ownership costs. This can help you be sure you can give your animals the care that they need. If you don’t already have your heart set on a particular furry friend, start comparing costs. Consider the costs of owning cats versus dogs before welcoming one or more of them into your home.

Cats vs. Dogs

The cost of pet ownership varies according to many . . . → Read More: The Cost of Owning Cats Versus Dogs

July and August 2018 Blog Income Reports

july and august blog income reports

Believe it or not, I started this blog back in 2010, which means I’ve kept this thing going for over 8 years now! Sheesh! That’s crazy! You might think that by now I’ve covered everything that can possibly be written about in the area of personal finance, but as I continue to learn and grow – both in my exploration of finance and my journey through life (marriage, divorce, marriage, and now kids!) – I realize that I have really just scratched the surface of what personal finance is all about.

I blog for three reasons: I love to help others – You know what’s really fun? When someone sends you an email saying, “You totally changed my life! Thank you so much for your blog and your free tools. I wouldn’t be where I am today if you didn’t do what you do.” This really never gets old. Helping . . . → Read More: July and August 2018 Blog Income Reports

How Going Zero-Waste Can Improve Your Finances

going zero-waste

Have you ever thought about going zero-waste? The zero-waste lifestyle may sound a bit hippie and a hard lifestyle to obtain, but it’s easier to do than people think. Not only is the zero-waste lifestyle growing in popularity, but it’s also looked at as a great way to improve your finances. Here are the top 5 ways that going zero-waste helps you financially (while helping to save the planet).

How Going Zero-Waste Can Improve Your Finances

This post has been written by our talented staff writer, Kimberly Studdard.

1) Simplifies Your Life

Think about how many clothes, shoes, and accessories you have. Now, think about how many cleaning products you have. Last but not least, think about how much trash you’ve thrown away in the last week. It’s most likely staggering. You may have clothes that you haven’t worn in 10 years. You may have dozens of cleaning products, with . . . → Read More: How Going Zero-Waste Can Improve Your Finances

My Name Is Derek…I’m a PF Blogger, and I Hate Investing…

hate investing

“Let’s do it!” I told my friend almost immediately. His proposal? We’d both set up a fake investment portfolio, track it once a week, and see who ended up “earning more money” in the end. That was about the last time I was really interested in investing…and that was 13 years ago. In fact, even now as I’m a decently well-known financial blogger, I can honestly say that I hate investing. It’s even challenging for me to write this article because I know I’m going to have to talk about stocks and bonds and blah blah blah…!!

…Seriously, I just had to step away from my computer and go for a coffee break…

Alright…let’s dig in…if we must.

My Name is Derek…I’m a PF Blogger, and I Hate Investing

Creating that mock investment account sounded awesome. Want to know why? Because I just knew all of my picks were going . . . → Read More: My Name Is Derek…I’m a PF Blogger, and I Hate Investing…

5 Reasons Why I Started Paying My Two Year Old Daughter

paying my 2 year old daughter

“I help you dada.” That was the cute voice of my two year old. I was out in the backyard playing with her… Then I got distracted by the weeds that were starting to take over the back corner of our lush green lawn. I started pulling them…and then she pulled some too! Next, I placed them back on our weed pile. She followed…and placed hers there too! For the next 20 minutes, we pulled weeds, and she transported all of them to the weed pile all by herself. It was right then and there that I decided to start paying my two year old daughter. 🙂

5 Reasons Why I Started Paying My Two Year Old Daughter

Have you ever asked yourself, “When is it time to start teaching my kids about money?” I think every one of us that has kids has wondered about this at one time . . . → Read More: 5 Reasons Why I Started Paying My Two Year Old Daughter

Gen Z is Smart About Money…True or False??

Gen Z is smart about money

Ah Generation Z, the last generation to experience playing outside while having electronics. The generation born between 1996-2009. The generation that saw how the economic recession (that started in 2008) affected their parents and even their siblings. But now, Gen Z is coming into the workforce, going off to college, and will slowly but surely start taking over the world and the economy. Now, don’t get scared. Gen Z is smart about money (unlike their parents…), and we can actually learn a lot from them.

How Gen Z is Smart About Money (And How to Learn From Them)

This post is written by our talented staff writer Kimberly Studdard.

Alright…so Gen Z is smart about money. What does that really mean? What do they do that makes them so smart? Well…quite a few things actually – 5 to be exact. Check it out. Great job Gen Z!!

1) They Prefer . . . → Read More: Gen Z is Smart About Money…True or False??

Most Go Bankrupt Because of Medical Debt – Don’t Let It Happen to You!!

bankrupt because of medical debt

In 2017, exactly 767,721 people filed for bankruptcy in the United States. That’s right, in one of the the best economic years to date, over three-quarters of a million people decided that they were in such bad shape financially that it would simply be impossible to get out. Strange, right? Well, not really. Not based on the reason they provided. As it turns out, over half of them went bankrupt because of medical debt.

What I want to do is tackle this stat head on. What’s the detail around it? Would it be possible for people to get out of their medical debt? And how could they avoid becoming part of this stat in the first place?

Bankrupt Because of Medical Debt – How You Can Avoid It

The numbers are actually quite unclear around the exact causes of bankruptcy in America. But, for the last 15 years (at least), . . . → Read More: Most Go Bankrupt Because of Medical Debt – Don’t Let It Happen to You!!