How to Become Rich Even If You Are Poor Today

how to become rich

Want to know how to become rich? It’s not really all that difficult, but I wouldn’t say it’s easy either…especially if you’re poor today. BUT, if you first understand how you’re wired and how you tick, AND you can slowly move yourself from a broke mentality to a rich mentality, then the question of how to become rich can certainly be answered AND achieved! Again, it’s not easy…but it is possible, and I’m going to do my best to walk you through the steps that will get you there.

How to Become Rich Even If You’re Poor Today

I’ve spent quite a few hours counseling people that live below the poverty line (ie. under $25,100 for a family of four). I’m a little embarrassed to tell you this, but long before my days of counseling, I would have told you that poor people are just lazy and don’t want to . . . → Read More: How to Become Rich Even If You Are Poor Today

The Real Reason You Should Pay Off Your House (It’s Not Interest Rates)

pay off your house early

Is it wise to pay off your house? Most people would say, “no”… While I have always told you yes. But what are the reasons behind these answers? Does it actually make financial sense to pay the full term of a 15-year mortgage rather than trying to pay the debt off as quickly as possible?

The Real Reason You Should Pay Off Your House

Even after digging into all the numbers, I want to tell you up front that I’m still a firm believer that you should pay off your house early. It’s not as much of a slam-dunk as some hardcore traditionalists lead you to believe, but I still firmly believe it’s the best path to wealth.

Why am I bringing you this message like I’m fighting an up-hill battle?

It’s because I am.

The Interest Savings…It’s Not as Huge as it Sounds

You probably already know the main . . . → Read More: The Real Reason You Should Pay Off Your House (It’s Not Interest Rates)

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

give a million dollars - money cash

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 starving African families, provide warm clothes and shoes to 40,000 refugees and disaster survivors, give the gift of water by funding the dig of 80 fresh water wells . . . → Read More: How to Give a Million Dollars (Not Save…Give)

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?

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…

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!!

5 Ways to Improve Your Finances With Instagram

improve your finances with instagram

Social media doesn’t have to be all bad. While many blogs advise to be careful using social media because it can make you spend more money or have FOMO (fear of missing out). In reality, it can actually help you be better with your money. One of my favorite places to learn all about how others are bettering their finances is Instagram. It has been inspirational, even for a personal finance geek like me. Here are my 5 favorite ways that you can improve your finances with Instagram.

5 Ways to Improve Your Finances With Instagram

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

1) Debt Free Tribe

Did you know that there is a huge debt free community on Instagram? There are so many people who are on their debt free journey, and you can find just about anyone who is on the same path . . . → Read More: 5 Ways to Improve Your Finances With Instagram

10 Financial Milestones to Hit By Age 35

financial milestones to hit by age 35

Are you creeping up on your mid-thirties? Are you wondering how well you’re really doing financially? You’re definitely not alone. Since money is basically everyone’s dirty little secret (regardless of whether it’s good or bad), it’s sometimes hard to know how you measure up and if you’re doing enough for your future self. Today, we’re tearing down the wall of secrets and leading you straight down the path of success! It’s time to go through the top 10 financial milestones to hit by age 35.

In this post, you’ll get to see where everyone else is and where you should be financially as well!

Related: How to Retire with $3 million by Age 52

10 Financial Milestones to Hit By Age 35

Do you currently own a house that has more space than you really know what to do with (you know…other than load it up with totes full of junk…)? . . . → Read More: 10 Financial Milestones to Hit By Age 35

Choosing My First Job – One of the Best Decisions of My Life

choosing my first job

Do you remember when you graduated from college? Did you experience that pivotal moment where you could have had fun in your work vs. getting serious and actually start adulting? I did, and when I reflect back on those moments, I consider choosing my first job to be one of the best decisions I’ve ever made!

Choosing My First Job – One of the Best Decisions of My Life

When I was 20 years old, I was on the fast track to becoming one of America’s best future engineers. I understood the math, I was getting mostly A’s in all my classes, and I knew that it was a career that would pay me well throughout my adult life.

Then, after completing an internship in my junior year, I realized that I hated it… I liked the math and physics behind engineering, but I wasn’t a huge fan of actually . . . → Read More: Choosing My First Job – One of the Best Decisions of My Life