Complete Debt Freedom – 3 Years In!! What’s It Like??

Complete Debt Freedom

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“I want a divorce”

Those words barreled toward me like a hundred ton freight train. They struck me, pushed me backwards into the wall and I slunk down to the floor like someone having a heart attack. Never before had I heard these words and never did I think something could hit me with so much force as this.

From then on, my life was changed forever.

Complete Debt Freedom – 3 Years In!!

November 27, 2012 – that was the divorce date. It absolutely killed me emotionally, but financially…it lit a fire inside me that no human being could have possibly put out. Not with their words, not with their disapproving glances – heck, they couldn’t even have stopped me if . . . → Read More: Complete Debt Freedom – 3 Years In!! What’s It Like??

November 2017 Blog Income Report

blog income report november 2017

This blog… it’s just so fun. I can’t imagine a day where I’m not writing for it.

I mean, I get to:

Impact peoples’ lives, Hear about all their success stories, and I get to make money in the process!!

Haha, how lucky am I??!

And it all starts with just $24. That’s the entire cost of iPage for the first year.

Want to start a site of your own? Sign up with iPage here.

Nervous about the process? Here’s a tutorial that should make your sign up a breeze. If you’re still not sure, heck, I’ll help you! Just email me at derek [at] lifeandmyfinances {dot} com. Like I said, I love to see people win, so if you need help on the way to YOUR success, I’ll be thrilled to jump in and do what I can to get you there!

My November 2017 Blog Income . . . → Read More: November 2017 Blog Income Report

What Should Your Net Worth Be At Your Age? Use This Formula to Find Out!

I was 23 years old, fresh out of college, and I just started my first big boy job making $33,000 a year. (It wasn’t a ton, but in the peak of the recession I was just happy to have something to build up my experience and hopefully land a better job later in life.)

I had debt – it wasn’t that much compared to some of the messes people make today, but I owed my parents $12,000 for the last year of college that I couldn’t quite afford (FYI – being a 5th year senior is NOT the way to go). Since I was a finance major, I was naturally curious about my net worth and where I stacked up against all the other 23 year-olds in the world. Much to my delight, I had just picked up the book, “The Millionaire Next Door” and found a net worth formula . . . → Read More: What Should Your Net Worth Be At Your Age? Use This Formula to Find Out!

What is the 4 Gift Rule? (And Should You Try It?)

4 gift rule

Gone are the days where parents buy their kids a million presents to sit under the Christmas tree. With kids wanting more expensive items, plus the fact that some abandon (or outgrow) their gifts after just a few short weeks or months, it’s becoming more and more valuable to take a minimalist approach when gifting. And that’s where the 4 gift rule comes in!

Related: 3 Good Reasons Not to Give Kids Too Many Presents

What is the 4 Gift Rule? (And Should You Try It?)

So what is the 4 gift rule, is it worth it, and is it worth trying out with your family? Let’s take a look and you decide!

Saves Money

How does the 4 gift rule save you money?

It follows a simple plan, and you only have to remember the quick rhyme:

one thing they want, one thing they need, something to . . . → Read More: What is the 4 Gift Rule? (And Should You Try It?)

7 Reasons I Bought a Crappy House Instead of My Dream Car

reasons I bought a crappy house

Remember that $75,000 car I was absolutely obsessed with a couple months ago? It was a black and white Ferrari 360 – one of the most beautiful cars I have ever seen. Man it would be awesome to drive that thing to work every day! Plus, we actually had the money in the bank to do it, so we went to the dealership and bought it, right? I mean look at this thing!

Wrong….

Instead, Liz and I bought a 100 year old, 3 bedroom 1 bath, fixer-upper house with the exact same price tag… $75,000…

7 Reasons I Bought a Crappy House Instead of My Dream Car

So what are the reasons I bought a crappy house instead of an amazing $75,000 car that goes 0-60 mph in 3.8 seconds? Well first of all, the car would probably kill us (I have no business driving something that . . . → Read More: 7 Reasons I Bought a Crappy House Instead of My Dream Car

The Key to Retiring in Your 50s

retiring in your 50s - plan

Most people will continue to work into their 60s (and sometimes beyond) because they have no idea when they can retire comfortably. But in today’s world it has become much easier for anybody to figure out if and when they can retire.

The Key to Retiring in Your 50s

The following is a guest post, written to make you think a little harder about your retirement. Do you have plans for retiring in your 50s??

I want to take a look at a couple that thinks they might be able to retire when they’re 59 years old. But they’re not sure, so their current plan is to keep working until they’re 65.

Can They Retire Early?

Our couple, John and Jane, are 52 years old today. Their savings total $475,000 and all of it is in IRAs. They have 75% of their money in stocks and 25% in bonds. I . . . → Read More: The Key to Retiring in Your 50s

Our New Partner: BillCutterz!! Try Them Out at No Risk!

BillCutterz

“What??? Oh my word!!” Monica nearly fell over when she heard the news. BillCutterz just called and told her that they saved her family $1,493.93 for the year on their monthly bills – and all it took was a quick 3 step process that took just a few minutes! AND, the upfront cost was absolutely nothing!

BillCutterz: Our Awesome New Partner

As LifeAndMyFinances.com continues to grow, we’re able to reach out and find new partners that can save you money! And, that’s exactly what’s happened with BillCutterz. I recently heard about their services from a friend of mine, and I absolutely LOVED what they offered, so I decided to reach out and see what they could do for you, my loyal readers.

….and wouldn’t you know it? I got a call from their CEO, Barry Gross!! He loved my story and my site so much that he wanted to extend . . . → Read More: Our New Partner: BillCutterz!! Try Them Out at No Risk!

How to Become a Stay At Home Mom – Interview with Laura Harris

stay-at-home mom blueprint

“Wee wee!! Higher mommy, higher!” Her cheeks almost shimmer with a reddish hue as she throws her head back and giggles with delight.

It’s Sunday. You wish this moment could repeat itself day after day after day…but the reality is you’ve got to take your kiddo to daycare tomorrow. She’ll pout, whimper, and probably throw a tantrum again… All she wants in this world is you, but you’re dropping her off with strangers for 9 hours a day…

Oh how you wish staying at home was possible, but it’s just not the reality of this world anymore, right? Doesn’t every parent need to work these days?

Honestly, no.

And that’s why Laura Harris has written the eBook, “The Stay-At-Home Mom Blueprint“. The book is only $10. Use the promo code “LIFE40” and you’ll get it for $6.

Laura has successfully fought her way back home. She’s now a full-time mom . . . → Read More: How to Become a Stay At Home Mom – Interview with Laura Harris

12 Ways to Stay Motivated to Pay Off Debt

stay motivated to pay off your debt

So you’re on the path to becoming debt free? – that’s AWESOME!! What’s not awesome is that you’re starting to drag butt on your goals… Your friends have abandoned you, your family makes fun of you, and the excitement of getting out of debt wore off after Day 3…. You’re still committed, but how in the world can you stay motivated to pay off debt?

12 Ways to Stay Motivated to Pay Off Debt

It’s not easy, but it IS possible. Check out the suggestions below and keep punching your debt in the face (or jugular, or abdomen…or groin…whatever is the most effective)!

Map It Out

Just like in boxing (to continue with my punching analogy), it’s hard to hit something if you can’t see where it is. The same is true with debt. If you don’t know the size of your debts, the number of your debts, or when . . . → Read More: 12 Ways to Stay Motivated to Pay Off Debt

Are You Wealthy? Take the One-Question Quiz to Find Out!

how to know if you're wealthy

Have you ever asked yourself the question, “Am I wealthy?”

If you’re living paycheck to paycheck and have tens of thousands of dollars in debt…then the answer is pretty simple. No, you’re not wealthy. In fact, you’re a financial disaster waiting to happen. I’d seriously be scared if I were you.

But, if you’ve been reading this blog for a few years, have gotten yourself out of debt, and actually have a nice buffer of cash, well maybe you’re finally one of the wealthy ones….but how can you know for sure?

How to Know If You’re Wealthy

If you watch too much TV or get a little too caught up in the lives of the rich and famous, you might think that wealth has to do with:

What you drive What you wear, or Where you live

At this point, I think we pretty much all know that flashy cars . . . → Read More: Are You Wealthy? Take the One-Question Quiz to Find Out!