What is Your Net Worth? And Which Way Is It Moving?

What is Your Net Worth

Did you realize that you could save up $500 every single month for a year, put it in a super-safe bank account, and still lose money when it comes to your overall net worth?

It took me quite a while to truly understand it, but cash in your bank account and your net worth dollars are two very different things.

What Is Your Net Worth?

So what is a net worth really? I’m sure you already know that wealthy people have a high net worth and poor people have a nearly non-existent net worth, but how is it really calculated? As opposed to many things in life, the net worth calculation is actually very simple.

Net worth = Assets – Liabilities

In other words….

Net Worth = What you own – What you owe

Here’s an example of a typical person’s net . . . → Read More: What is Your Net Worth? And Which Way Is It Moving?

Spendthrift, Contentment, or Miser? What’s Your Money Personality?

Money Personality

Someone’s wealth can easily be identified with their net worth. If your net worth is zero (or negative), then you are officially broke. If you have a net worth that’s $100,000 or thereabouts, you’re pretty average. And if your net worth exceeds $2 million, it’s pretty safe to say that you’re wealthy. But this doesn’t necessarily say anything about your money personality now does it?

What’s Your Money Personality?

So what’s the difference between a current state of wealth and a money personality? Won’t the wealthy simply have a saver personality and the broke have a spending personality? You’d think so, but not necessarily.

1) Spendthrift

Spendthrift def. = a person who spends money in an extravagant, irresponsible way.

The ‘spendthrift’ money personality gets a charge out of spending money. They see the item in the store and their adrenaline starts pumping, their eyes get big, . . . → Read More: Spendthrift, Contentment, or Miser? What’s Your Money Personality?

The Best Staycation Ideas for Spring Break

best staycation ideas for Spring Break

While many people try to travel during spring break, it may not be budget friendly or feasible for you at the moment. But what if you stay home and still have fun and relax? These staycation ideas for spring break will keep you from getting cabin fever, and will also save you a ton of money!

This post has been written by the ever-talented Kimberly Studdard. Enjoy!

Camp In Your Backyard

Camping in your backyard is one of the best staycation ideas for spring break! Not only is it easy to do, but it’s customizable to fit your needs (or your family’s). You can do as little or as much planning as you want, and you can even get away with spending nothing for this staycation!

If you want to get fancy, pitch a tent, get lots of camp type foods (like s’mores and hot dogs!) and make sure . . . → Read More: The Best Staycation Ideas for Spring Break

5 Steps to Handle a Sudden Windfall of Cash

windfall of cash

Most people won’t even open this post. Most will never even read the first line. You know why? They’ve got a destructive attitude that just continues to beat them down…and down…and down.

They say things like, “Nothing good ever happens to me,” and “My parents are broke, so I’ll never receive a windfall of cash.”

Just like the old saying goes, be careful what you wish for…

If you think money will never come your way, it won’t. BUT, if you leave that possibility open and actually plan for a windfall of cash, then you know what? It just might happen. AND, if you plan for the money, then it won’t accidentally get pissed away within the first few months that you get your hands on it.

5 Steps to Handle a Sudden Windfall of Cash

A sudden windfall of cash can be a curse or a blessing. It all . . . → Read More: 5 Steps to Handle a Sudden Windfall of Cash

Self Talk of the Rich vs. the Poor

self talk of the rich vs the poor

According to Psychology Today, NPR.org, and many other reputable sites across the world wide web, self talk is more than just a confidence booster. It’s more like an internal remodeling. And it can absolutely have a positive or negative affect on your health, your intelligence, and from what I’ve seen….your finances.

Self Talk of the Rich vs. the Poor

I can already hear the hate mails coming my way…

“The poor can’t help their situation. Stop being ignorant.” “You think the key to wealth is simply through self-talk? That’s fricken ridiculous…” “You privileged white male… You have no idea.”


If you don’t think it’s possible for someone to rise from the ashes of poverty, then you must have had your head in the sand for the last hundred years.

It happens every day, and it starts with self talk.

Without proper self-talk, the poor will stay poor and the . . . → Read More: Self Talk of the Rich vs. the Poor

Stuff and Happiness – The Inverse Correlation

stuff and happiness

We earn more, have more, and do more today than ever…but we’re still not happy. In fact, according to the NORC, we’re even less happy than we were 50 years ago – long before smartphones, Facebook, and the now ever-so-common McMansion we call our home.

Stuff and Happiness – The Inverse Correlation

From the outside looking in, we’ve got it all. We’ve got clean water everywhere we go, a wide variety of affordable cuisines, cheap clothing, shelter that’s far bigger than necessary, and we’ve got the answers to all the world’s questions right at our fingertips. Life should be more fulfilling than ever.

But it’s not.

From the inside looking out, we’ve got nothing. We don’t have an 80 inch 3D curved television. Our boat is a far cry from the 70 foot yacht that we truly desire. And our car is of the simple domestic variety – pretty boring . . . → Read More: Stuff and Happiness – The Inverse Correlation

You’ve Got Money, Now What?

You've got money, now what?

Most of the adult population is asking Siri questions like,

“How can I buy a house with $0 down?” “What should I do if I can’t make all of my payments this month?” “How do I survive on Social Security?”

But not you…

You’ve Got Money, Now What?

You’ve scrimped, saved, sacrificed, and now you’ve got a pretty impressive nest egg built up for yourself. First of all, congratulations! You’re one of the few.

But, because you’re in the financial minority, there really isn’t a ton of material out there for you, the responsible saver with loads of money. So what is it that you should do?

1) Let Yourself Enjoy It

All your life you’ve been following the mantra of living below your means, saving for a rainy day, and investing heavily for your retirement. You are a natural saver. When you live like this for 20, 30, or . . . → Read More: You’ve Got Money, Now What?

How to Earn an Unlimited Income With Your Blog

unlimited income

Very rarely do I lay awake at night, but last night I was on my back…eyes wide open…staring at the ceiling…so I started thinking about my website. And I had a eureka moment. I immediately grabbed my phone, opened my notes, and quickly messaged myself the outline for this very post.

How to Earn an Unlimited Income With Your Blog

I started my blog at the tail end of 2010. Since then I’ve earned over $100,000 online…but after last night’s epiphany, I figure that I’ve left at least $400,000 on the table. Maybe even more than that.

I’ve lost all of this money because my views on earning a blog income have been completely wrong. My opinions of business have been skewed. What I thought I knew about growing an income has actually placed a glass ceiling directly above my head all these years.

My Glass Ceiling Experience – and . . . → Read More: How to Earn an Unlimited Income With Your Blog

8 Things I Do Before 8AM

8 Things I Do Before 8am

It’s been proven. Early birds are more likely to succeed in their career than night owls, says the recent Harvard Business Review study. While evening people tend to be smarter and more creative, morning people:

are in sync with the corporate schedule anticipate problems better are more proactive have better grades in school, which means they… attend better colleges, and therefore… get better job opportunities

In other words, it pays to be a morning person. And I’ve seen it first hand.

8 Things I Do Before 8am

Tim Cook, Richard Branson, Michelle Obama, and hundreds of CEOs across the world all wake up before 5:30am. What for? To get a jump-start on the world, and I’m right there with them because it’ll help me succeed financially, physically, and mentally.

Here are the eight worthwhile things you’ll find me doing before 8am each morning.

1) Listen to a Dave Ramsey Podcast . . . → Read More: 8 Things I Do Before 8AM

3 Money Saving Challenges That Aren’t the 52 Week Challenge

Money Saving Challenges

One of the biggest resolutions on everyone’s list, and often the one that is rarely achieved, is saving more money. Everyone knows that it’s a great idea to save money, so why don’t more people do it? It’s simple, saving can be hard. But it doesn’t have to be that way. You can save more money this year and check off a resolution by trying out a few money saving challenges.

This post was written by the talented Kimberly Studdard. Enjoy!

3 Money Saving Challenges!

Now, these aren’t your typical 52-week money challenges. You know the one I’m talking about, where you save a certain amount of money for 52 weeks, and it equals to $1378 by the end of the year? Well, while that challenge isn’t bad, it’s easy to forget about and the money increases as the year goes on. This could mean that you are trying to . . . → Read More: 3 Money Saving Challenges That Aren’t the 52 Week Challenge