How Many Years of Retirement Are You Wasting With That Purchase???

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“It’s only $250 a month!”

“No money down!”

“0% interest for 36 months!”

We salivate at the thought of sitting behind the wheel of that brand new, shiny, sleek, smells-like-heaven automobile…ahhhHHHhhrgh (I’m sorry, I couldn’t help but drool a moment).

How Many Years of Retirement Are You Wasting?

I’m with you. I absolutely love the feel, the sound, the touch, and absolutely the look of new cars (or boats, quads, snow sleds, wave runners – whatever it is that you fancy), but would I pay $250 a month to satisfy my childish cravings?

Not in a million years.

The True Act of Payments

Here’s what you’re doing when you decide to make payments on something:

**You look at that shiny car, check . . . → Read More: How Many Years of Retirement Are You Wasting With That Purchase???

The Key to Start Living the Life of Your Dreams Today

start living the life of your dreams today

What is it you’re dreaming of? A massive house? An $80,000 Porsche SUV? An entire room dedicated to your shoe collection? You might think these are your dreams come true, but I highly doubt it. If you want to start living the life of your dreams today, you’ve got to think more about the end and less about the present.

Related: What If I Spent My Money Life 90% of Americans?

The Key to Start Living the Life of Your Dreams Today

“Derek…what the heck are you talking about?…”

Too deep too soon? I get that a lot. Let me back up and paint you a picture instead.

You’re 92, and Today is Your Last Day on Earth

You’ve been living on this earth for 92 years. Today, you’re not your typical self. Your skin is a bit grey, you can barely move, and you just can’t seem to catch . . . → Read More: The Key to Start Living the Life of Your Dreams Today

How to Afford Your Dream Honeymoon on a Budget

dream honeymoon on a budget

So you’re planning your wedding, and everything is going well, until you realize you have to pay for your honeymoon too. Weddings add up in costs, but adding in a honeymoon makes them even more expensive. That’s one of the reasons many choose to skip their honeymoons. But it doesn’t have to be that way. You can have your dream honeymoon on a budget, even after paying for a wedding!

How to Afford Your Dream Honeymoon on a Budget

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

Just imagine: you recited the vows, you sealed it with a kiss, you stuffed cake in your spouses face…and now it’s time to skip town and experience life together as a new couple! It just can’t be beat!

Don’t skip the honeymoon! Embrace it and just figure out how you can make it affordable. Learn how to afford . . . → Read More: How to Afford Your Dream Honeymoon on a Budget

Lexington Law: Credit Repair Today Can Help Set You Up For a Brighter Future

lexington law

From mid-May through July of 2017, hackers were stealing identities through the Equifax data system. Over 143 million people were affected. It was by far the largest, most impactful breach to date. The hackers were able to steal people’s names, Social Security numbers, addresses, birth dates, and even some driver’s license numbers. And, since this information simply doesn’t change, they can access and basically steal your identity whenever they want – at any point in the future. If you weren’t impacted yet, it could be just a matter of time.

While we all heard about the Equifax data breach, there are plenty of others instances of hackers stealing millions of identities:

Yahoo! – 3 billion accounts were breached in 2013-2014 eBay – 145 million users were hacked Target – 110 million compromised Uber – 57 million users were hacked along with 600,000 drivers JP Morgan Chase – 75 million households . . . → Read More: Lexington Law: Credit Repair Today Can Help Set You Up For a Brighter Future

20+ Ways to Invest Outside of the Stock Market

invest outside of the stock market

Within the span of just two years, the Dow Jones Industrial Average jumped from $15,974 to $26,617 – an increase of 66%!! Since then, it has done absolutely nothing. In fact, it has actually gone down a bit and remained down. Most of the experts are confident that the stock market will continue to grow throughout 2018 and beyond…which is exactly why I am concerned.

It’s kind of like the weather report in West Michigan: whatever the meteorologist predicts, expect something totally different. Similarly, when the financial experts see no reason for the market to take another dive, that’s typically when it falls off the cliff.

If you hold my pessimistic sentiment on the stock market (and if nearly all of your retirement is in your 401k or IRA), then you’re probably looking for ways to invest outside of the stock market. Most blog posts out there give you . . . → Read More: 20+ Ways to Invest Outside of the Stock Market

Am I a Hypocrite? We’re Going Back Into Debt

back into debt

I’m dead serious. This isn’t a guest post where someone comes along and rants about good debt vs. bad debt. This is me, Derek Sall, and all the reasons why I’m about to go back into debt after 3.5 years of complete debt freedom.

Am I a Hypocrite? Why We’re Going Back Into Debt

“Whoa, Derek. You just blew my mind a little. You, Mr. No Debt, are talking to the banks about taking out a loan? What happened?”

I know, I know. Never in a million years did I think I’d write a post that was titled, “We’re Going Back Into Debt”… I vowed to myself that I would never take on debt again. But you know what? This site is called Life And My Finances for a reason. Not every decision can be made based on financial common sense. Surprisingly enough for some of us math nerds, life . . . → Read More: Am I a Hypocrite? We’re Going Back Into Debt

Is Home Ownership As Great As It Seems?

home ownership as great as it seems

You’ve probably seen all of the “get rich by investing in real estate!” posts while scrolling through social media the last few years. You also most likely heard the argument that most millennials can’t buy houses because they splurge on avocado toast (newsflash, that’s not the reason). But in a time where many people can barely afford to put a down payment on a house, let alone pay for all that a house needs, is home ownership as great as it seems?

Is Home Ownership As Great As It Seems?

This post has been written Kimberly Studdard

We’ve long been a society where home ownership is the epitome of “making it” in America. If you own a home, your life is perceived to be stable and your future is bright…but not everyone shares this viewpoint any more.

But why?

Let’s dive into the details. Is home ownership as great as . . . → Read More: Is Home Ownership As Great As It Seems?

2018 Federal Income Tax Changes and How They’ll Impact You

federal income tax changes - married filing jointly

Instead of paying $7,500 in Federal taxes like we did this year, we’ll only owe $3,000 next year with the new income tax changes. Maybe even less. BOOM!! So what is it about the 2018 federal income tax changes that reduced my tax bill so much? And what will the changes do to yours? Let’s dig through the new tax policies and see how they’ll impact you.

The 2018 Federal Income Tax Changes and How They’ll Impact You

Today is April 9th. Hopefully by this point you have your 2017 taxes taken care of. (If not…you might just want to stop reading this post and take care of your looming deadlines instead…) So let’s start thinking about next year’s filings. How will they be different, and what should we expect in terms of tax amounts owed?

A Quick Summary of the Changes

Mainly, the news media has focused in on . . . → Read More: 2018 Federal Income Tax Changes and How They’ll Impact You

March 2018 Blog Income Report – Up 200% From February??!!

blog income report march 2018

You know how you work and work and work, and your career seems to be going nowhere? But then, seemingly out of nowhere, good things start to happen. Little by little you gain traction again, then you actually start to get a little speed going, and then you hit the downhill! Life is good, work is fun and easy, and you’re making bank.

I think (at least I hope) I just reached the downhill run with my web income. It’s been almost 8 years in the making, but it might finally be here.

Web Hosting from iPage

March 2018 Blog Income Report – Up 200% From February??!!

You know how I’m always encouraging you to start your own blog? This post is the epitome as to why. There’s tons of money to be made out there, and if you have something even remotely valid to say and have some . . . → Read More: March 2018 Blog Income Report – Up 200% From February??!!

Looking to Incorporate Your Business? Here’s the Pros and Cons of Corporations, LLCs and S-Corps

incorporate your business - business man

So you have (or want to start) a business! Awesome! As you embark on your entrepreneurial journey, one of the first questions you may have is what kind of business organization (if any) you want or need. Do you want to incorporate your business and operate as a low-hassle sole proprietorship, or is a corporation the better option? How about a limited liability company, or even a partnership?

Looking to Incorporate Your Business? Pros and Cons of Each Type

This post is written by a fellow blogger, Miguel S., the Florida lawyer behind The Rich Miser blog, where he and his wife Lily share practical tips, life hacks, and reviews to help you get the most from your money.

Don’t despair about how to incorporate your business. In this article, I’ll give you a comprehensive overview of the different ways to organize your business. At the end of this post, . . . → Read More: Looking to Incorporate Your Business? Here’s the Pros and Cons of Corporations, LLCs and S-Corps

Debx Review: Avoid Credit Card Debt and Improve Your Credit Score??

debx

Have you ever wanted to avoid using your credit card because it just makes you spend too much, but you didn’t want to give up on the rewards or building your credit score? Ben Psillas felt the same way and decided to do something about it. Enter Debx…

Debx Review: Avoid Credit Card Debt and Improve Your Credit Score??

If you’ve hung around in the personal finance circle for more than a few minutes, you probably know the name J. Money, owner of BudgetsAreSexy.com. I consider J. Money to be a master networker – he seems to know anyone and everyone. AND when you get an email from him you suddenly feel like he’s a close friend, not a casual acquaintance. He’s the reason I was able to catch up with Ben and learn all about Debx. So, months down the road when you have your spending under control and . . . → Read More: Debx Review: Avoid Credit Card Debt and Improve Your Credit Score??