Can You Be Worth More Than You Earn in Your Lifetime?

could you be worth more than your lifetime earnings

Have you ever thought about how much you’ll earn over the course of your life? If you average $50,000 a year for 40 years, that’s $2 million bucks! So, with those millions of dollars, what will you be left with? $100,000? $500,000? $1,000,000? Or…is it possible to be worth more than you earn in your lifetime???

Can You Be Worth More Than You Earn in Your Lifetime?

If you make $2,000,000 in your lifetime and have expenses like food, cars, your house, healthcare, insurance, etc. etc. etc….how on earth would it be possible for you to be worth more than you earn in your lifetime? Seems impossible, right?

Well long story short…It’s not.

As it turns out, Joe Udo from Retire by 40, J$ from Budgets are Sexy, and J.D. Roth from Get Rich Slowly have already explored this phenomenon. And they use a measure called, “The Lifetime Wealth Ratio.

. . . → Read More: Can You Be Worth More Than You Earn in Your Lifetime?

10 Things That Will Absolutely Kill Your Net Worth

kill your net worth

Your net worth – simply described as what you own minus what you owe – is hands-down the most popular gauge for wealth. There are people in this world that have never earned more than $50,000 in a given year, but they’re worth millions. And then there’s a whole other class of people that earn $200k+ a year and are worth absolutely nothing. Whether you earn hardly anything or you make a ton, there are 10 things that will absolutely kill your net worth and I strongly urge that you watch out for them, avoid them, and prosper heavily because of it.

10 Things That Will Absolutely Kill Your Net Worth

When I was 23 years old and living on my own, I made a profound realization that changed the course of my life forever.

The bums living near my neighborhood earned very little, they owned practically nothing, and I . . . → Read More: 10 Things That Will Absolutely Kill Your Net Worth

Choosing Investments that Work

types of loans you should consider before turning to payday loans

Investing is a challenging business, especially when you’re still learning the ropes. There are all sorts of people out there who will offer you easy routes to success if you only pay to take their classes or buy their books, but the truth is that none of them have anything worthwhile to sell, and if you’ve tried a few of these schemes, then you’re likely to be left feeling even more frustrated. Can’t you find something that just works? Actually, you can – but it might not be what you expected.

Choosing Investments That Work

It’s time to find what works for you. Are you more of a controlling, hands-on investor? Or maybe you’re totally the opposite and love the hands-off approach. Whatever the case may be, you need to find investments that energize you about the past, present and future.

What works for you

First of all, let’s tackle . . . → Read More: Choosing Investments that Work

8 Reasons I’m Continuing to Invest in 2018

continuing to invest in 2018

In June 2016, the Dow was at $17,736, which was already considered to be over-valued at the time. Two years later, in June of 2018, the Dow is at $25,316 (growth of nearly 20% a year) and people are really starting to wonder, “Is this the top? Should I get out of the market?” For me, I’m continuing to invest in 2018, and after reading all my points below, I’m thinking you’ll probably want to do the same.

8 Reasons I’m Continuing to Invest in 2018

This post may contain affiliate links.

Liz and I have over $100,000 in the stock market currently. Am I sitting here anxious, watching the stock market every day to spot the early signs of an upcoming collapse?

Absolutely not.

Could it happen? Sure, but I’ve got plenty of reasons why I’m continuing to invest in 2018. Eight to be exact.

1) Confidence in the . . . → Read More: 8 Reasons I’m Continuing to Invest in 2018

What if You Save a Million Dollars For Retirement? Will It Be Enough?

save a million dollars for retirement - age 55

Save a million dollars for retirement…it’s everyone’s dream, right? Man, if you had a million bucks in your retirement accounts at retirement, think of what you could do!

You could:

Take exotic vacations every month Go out to eat without ever thinking about the bill Buy lavish presents for all your friends and be the most beloved old people on the planet!

Well…maybe you could and maybe you couldn’t. It basically all depends on your age…

What If You Save a Million Dollars for Retirement? Will It Be Enough?

What do I mean, “It depends on your age?” What does age have to do with it? A million bucks in a million bucks, right?

Wrong.

Because of constant economic growth and the establishment of monetary policy (don’t know what monetary policy is? Here’s a link. It’ll solve your sleeping troubles too… ;)), citizens all around the world experience a . . . → Read More: What if You Save a Million Dollars For Retirement? Will It Be Enough?

When (and How) to Start Investing For the Short Term

start investing for the short term

Life isn’t all about retirement. So many people save and save and save, and when they finally get a big enough nest egg together to retire, they realize that they’re too old and decrepit to do anything. They can’t really travel, they’re certainly not going to hike through the mountains, and that plan they had to scuba dive the coral reefs…that ain’t happening either. After having socked away thousands of dollars into retirement at a young age, I’m a firm believer not just in long-term retirement investments, but investing for the short term as well.

When (and How) to Start Investing For the Short Term

Just recently, I wrote a post about living the life of your dreams today. It’s definitely a good read if you have a few extra minutes, but if you don’t, here’s the gist of it:

The future you is laying on her deathbed…and has regrets… . . . → Read More: When (and How) to Start Investing For the Short Term

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

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?

Why You’re Money Hungry But Still Poor as Dirt

money hungry

When you’re money hungry it is easy to see ways to save and make money everywhere. It’s like seeing the world through those obnoxious dollar symbol glasses.

Unfortunately, the money hungry aren’t seeing the dollar signs falling from their glasses into their pockets. As cliché as it may sound when it comes to money it’s imperative we work smarter not harder.

Why You’re Money Hungry, But Still Poor as Dirt

This post has been written by Brandon from 30and0.com.

We can all agree that The Beatles are considered one of the greatest bands of all time, right? Once they hit the scene they set the music world on fire and outsold every artist that dared to hum a tune in the 60’s.

Actually that’s not true.

They were outsold in 1967 by the Monkees. In fact the Monkees outsold The Beatles AND The Rolling Stones COMBINED in 1966 & 1967. . . . → Read More: Why You’re Money Hungry But Still Poor as Dirt

Project House Update!! Photos, Expenses, and Projected Rental Income!

project house update - stairwell comparison

Liz and I have had a financial (real estate) plan since before we got married. It went something like this:

I pay off my house She sells her house We get married (and move into my house) Use the equity from her house and cash that we’ve been saving (this didn’t take long since we were both working and our expenses were practically nothing) to buy a cheap $80k rental house with cash Fix it up, rent it out, then save up another $80k (over the course of roughly 2 years) to buy another rental house…fix it up, rent it out Save up aggressively to buy our long-term primary residence – one with acreage, 4 bedrooms, and 2 bathrooms, and a nice barn for my wife’s future horses

So far, we’re doing pretty good! We’re on step 5, fixing up rental property #2 and hopefully finishing everything by the end . . . → Read More: Project House Update!! Photos, Expenses, and Projected Rental Income!