The Absolute Simplest Way to Become Wealthy

The Absolute Simplest Way to Become Wealthy

Wanna be rich? Want to know the secret to accumulating great wealth? Then it’s time to stop reading about penny stocks, and it’s certainly time to stop watching Mad Money (spoiler alert, Jim Cramer doesn’t beat the market, which means you probably won’t either). Instead, let’s look at the absolute simplest way to become wealthy and learn how almost everyone can do it!

The Absolute Simplest Way to Become Wealthy

This post contains affiliate links.

You’re not going to win the lottery. You’re probably not getting a massive inheritance. And chances are, you’re not going to win that high-profile lawsuit either. Money normally doesn’t come in a windfall, and if it does, you’ll likely lose it all within 5 years anyway.

Your best bet to accumulating great wealth is by keeping it simple. Believe it or not, but millions have already done it in the past, and millions more will . . . → Read More: The Absolute Simplest Way to Become Wealthy

What Would You Do With an Extra $50?

surprise check

Have you ever had a check show up in the mail out of the blue? Maybe you’d forgotten about that class action lawsuit you were notified about months ago. (That’s happened to us at least twice this year.) Or you got a bonus or birthday money.

It’s not a huge amount, but it’s nothing to sneeze at either. I mean, $50 is a significant sum of money.

But do you know what you’ll do with this surprise check?

Your response to small chunks of money says more than you’d think about the way you’re handling your personal finance. Get ready to use your imagination and learn which category you fall under.

This post is written by the fabulously talented, Jamie Jeffers.

What Would You Do With an Extra $50?

Ready? So you go to the mailbox and discover a check inside for $50. You weren’t expecting this check, so you . . . → Read More: What Would You Do With an Extra $50?

Meet the Real Joneses

Meet the Real Joneses

“Oh man, I wish I had a new BMW.”

“Whoa, what it must feel like to own a yacht like that. I’d be on top of the world!”

“That house…is simply….gorgeous. I hope I can buy a house like that someday.”

We catch ourselves wishing, hoping, wanting like this from time to time. Basically, we’re saying, “I wish that we were the Joneses. Life would be so much more fun and full of constant bliss… Those Joneses are always so happy!”

But you might want to be careful what you wish for…

Meet the Real Joneses

Brace yourself… but the real Joneses….are BROKE!

Sure, they’ve got all the nice stuff:

the cars, the boat, the massive house, the cottage up at the lake, and the 2.1 kids with perfect hair.

BUT…their life is a ticking timebomb! At any given moment, all their cards could come crashing down and they’ll lose . . . → Read More: Meet the Real Joneses

Will You Be Rich? Take This Quiz And Find Out!!

Will you be rich

If you walked through a college campus and asked 1,000 people if they were going to be rich, about 999 of them would tell you, “Absolutely!” And in reality, maybe 50 will actually do what it takes to become a multi-millionaire.

I want you to be one of those 50.

Will You Be Rich? Take The Quiz to Find Out!

And in order to do that, you’ve got to understand if you’re truly on track or not when it comes to your future wealth. Be real with yourself – will you be rich when you get older? After taking this quiz, you’ll know.

If you score well, congrats. You’re going to be wealthier than 99% of your peers. Have fun with it, but also remember to share it with those that are less fortunate.

If you score poorly, don’t hang your head in shame. Use this moment to do more . . . → Read More: Will You Be Rich? Take This Quiz And Find Out!!

What a Backpack Taught Me About Cheap vs. Frugal

cheap vs. frugal

It was 2009, in the midst of the recession, and blogs full of bargains were all the rage. I was pretty excited to read about how I could get a backpack for my little kindergartner for free!

If I spent $10 on other items at this store, I could get him a free backpack with his favorite superhero splashed across the back. No biggie, since I needed groceries anyway. While we were there, he chose his backpack. (Of course, we had to have the matching lunch box.)

This cheap vs. frugal post was written by Jamie Jeffers, our incredibly talented staff writer!

What a Backpack Taught Me About Cheap vs. Frugal

…Before we even got to Christmas break, the straps were already broken. We tried to tie them up the best we could, but it was also wearing out at the bottom.

My free backpack wasn’t such a . . . → Read More: What a Backpack Taught Me About Cheap vs. Frugal

Should You Sell Your House to Get Out of Debt?

should you sell your house to get out of debt

You are absolutely pumped to get out of debt. You sit down, gather up all your credit card bills, car loans, and student loans… Every time you think about this debt, it completely paralyzes you, but then you’re struck with an epiphany! You could sell your house to get out of debt (thank you equity!!)!

But…is this a wise move?

Should You Sell Your House to Get Out of Debt?

Thanks to the huge spike in the housing market, many people are gaining equity back in their homes – HUGE equity. In fact, according to Zillow.com, a house that was worth $150,000 in 2012 is now selling for $200,000 or more, just five years later. If you happened to be one of the lucky ones that purchased a home in 2011 or 2012 (or pre-2005), you’re probably sitting on $50,000 or more in home equity.

So, if you simply sold . . . → Read More: Should You Sell Your House to Get Out of Debt?

Publish a Book or Create an Online Course? What Should I Do?

publish a book or create and online course

I’ve got a dilemma.

A few weeks ago, a publisher reached out to me and asked if I would like to write and publish a book with them! To be honest, I was quite taken back by the proposal.

Was my story really exciting enough to write a book about? Would it sell so many copies that I wouldn’t have to work again? Would I become one of those famous writers that traveled the world giving speeches and receiving honors? Publish a Book or Create an Online Course?

Okay, so clearly I was becoming delusional and my ego was running out of control… I needed to step back and take an honest look at what it would take, what the benefits might be (the realistic ones, not the made up dreams that circle my head once in a while), and if there were any better alternatives.

In this post, I’d . . . → Read More: Publish a Book or Create an Online Course? What Should I Do?

Free Mortgage Payoff Calculator – How Fast Could You Pay Off YOUR Mortgage??

mortgage payoff calculator

You paid off your credit cards, student loans, your car. You saved up a solid emergency fund and now you’re investing 15% for your retirement. Holy crap, you’re rocking it!! And now it’s time to start paying off your house! Woot woot!!

FYI – If you’re not quite up to this step yet (ie. you still have consumer debt), be sure to use this debt snowball tool for help! And then come back to this post when you’re in a better position to slay your mortgage!

How Fast Could You Pay Off Your Mortgage?

Alright, so now you’ve got a 15-year, a 30-year, or maybe even a 50-year mortgage (hopefully not though!). What if you started throwing some extra money at it? How quickly could you pay it off? I bet you’d be surprised!

Related: Should You Pay Off Your Mortgage Early?

In January of 2015, I made the decision . . . → Read More: Free Mortgage Payoff Calculator – How Fast Could You Pay Off YOUR Mortgage??

What’s Your Spare Time Actually Worth?? It’s Time to Quantify It!!

spare time actually worth

“Hhhgggrrr,” I grunted as I attempted to fit one more curl into my set. My face was red, I was out of breath, and to be completely honest, I was even a little dizzy… Of course it was at that moment (why is it that opportunities always come when you’re visibly at your worst??) that a guy behind me wanted to get chatty, “So what is it you’re training for?”

Somewhat embarrassed, I basically told him, “Nothing” (I’m just crazy enough to work out for the sake of working out), and then we got into the small-talk conversations…our names, ages, where we work, etc.

He was a financial advisor and was obviously well-off. After learning about my passions and my work, it was pretty evident that he thought I should be the same.

“You’re old enough, you can look people in the eye when you talk with them, and you . . . → Read More: What’s Your Spare Time Actually Worth?? It’s Time to Quantify It!!

Should You Pay Off Your Mortgage Early?

pay off your mortgage early

You just received a $100,000 inheritance (Woot woot!). You want to be smart with it…so buying a Ferrari is out of the question. But should you pay off your mortgage early? Or, should you put the money into the stock market to earn more interest over time?

This is the age-old question…

Should You Pay Off Your Mortgage Early?

Ask almost any financial advisor and they’ll tell you to put your money into the market…

Here’s their reasoning:

You’re likely paying just 4% (or less) interest on your mortgage loan, and the market has historically earned 7-8%. Thus, it only makes sense to put your money in the stock market and earn more. The interest on your home is tax deductible, so it makes more sense to keep it and save money on taxes.

It sounds completely logical at first, and many people go along with their reasoning (including members . . . → Read More: Should You Pay Off Your Mortgage Early?