How to Prosper Financially WITHOUT a Budget

prosper financially without a budget

Budgeting…blagghhh. What a bore. What a hassle. And what a restrictive thing to put on yourself and your family. For some, budgets can actually be freeing – enabling an extreme saver to plan and spend money without feeling guilty. For the rest of us though, budgeting is just a measure of control over a spouse or an annoyance that’s always there to make you feel terrible when you accidentally overspend. Liz and I have decided NOT to meet up each month to talk about the budget. Instead, we’ve actually devised a way to prosper financially WITHOUT a budget.

How to Prosper Financially WITHOUT a Budget

It all started about two years ago. My wife Liz was 7.5 months pregnant with our firstborn, and we decided to go on one last hoorah before becoming shackled down by kids for the next 20+ years of our lives.

Our romantic getaway? Renting a . . . → Read More: How to Prosper Financially WITHOUT a Budget

8 Scary Simple Acts That Will Keep You Broke Forever

stay broke forever

If you don’t have $2,000 in your bank account right now, you’re broke. Of course, this isn’t the official definition, it’s just one that I made up based on my experience with people, their spending habits, and the cost of the typical emergency. Considering that only 39% of Americans have $1,000 in the bank, most of you reading this are probably sitting in the “broke” camp. It’s time to wake up, because it’s your simple actions every day that will keep you broke forever.

8 Scary Simple Acts That Will Keep You Broke Forever

Do you get to the end of every month and wonder where the heck all your money went? And then you do the exact same thing the next month…and the next month…and pretty much every month after that? It’s a vicious cycle that won’t end until you decide to end it.

Below are all the things . . . → Read More: 8 Scary Simple Acts That Will Keep You Broke Forever

Flip House Completed! Before and After Videos – You Won’t Believe It!!

project house flip house complete

I can’t believe I’m saying this, but the project house is done!! We bought this place in October, tore everything out of it by the end of November, and then spent MONTHS putting it all back together. I never dreamed it would take this long (both my wife and I are SO over this house), but we’re officially done-zo. Our realtor is walking through the house today and it hits the market tomorrow. The entire experience hasn’t been great, but hopefully we at least make a big pile of money! 😉

Flip House Completed! Before and After Videos

This is the “Before” video. Please make sure you view at least part of this video to get a full understanding of just how terrible this house looked before. In all honesty, I figured we’d have this house all fixed up by March….but it took 2 extra months of INCREDIBLY hard work . . . → Read More: Flip House Completed! Before and After Videos – You Won’t Believe It!!

3 Basic Ways to Protect Yourself Against Identity Theft

protect yourself against identity theft

Have you ever checked your credit card and discovered suspicions activities? Did you ever wonder the possibility of this ever happening to you? The world is full of fraudulent characters who are experts in identity theft. It can happen to anyone, and it’s becoming more common each and every day. That’s why it’s important to protect yourself against identity theft.

3 Basic Ways to Protect Yourself Against Identity Theft

Whenever you feel like your information is exposed to hackers, consider placing a fraud alert as quickly as possible. This will include freezing your account. Therefore professional credit handlers like credit sesame offers you daily alerts on your credit performance.

There are many shops and you may not remember all you have gone to. Remembering any of them could be impossible. Or maybe you have visited several websites. Thieves can strike anytime from your history and use that information to harm . . . → Read More: 3 Basic Ways to Protect Yourself Against Identity Theft

The Hidden Reason Why Your Credit Score Just Went Up

credit score just went up

Some people work hard to keep their credit score high, marking their calendars to make sure bills are paid on time, and not overusing a single credit card. Other people never check their credit score, pay their bills late, and don’t consider earning a high score a priority.

Whether you’re in Column A or Column B, your credit score may have just gone up. In fact, experts estimate that 1 out of every 9 Americans just enjoyed a credit score bump that could make it easier to get lower-interest loans or credit cards, or even land a job or an apartment.

Related: What If I Had a Zero Credit Score?

The Hidden Reason Why Your Credit Score Just Went Up

The following is a guest post by Jeff Hoyt, from MoneyTips

In April, the three major credit bureaus – Equifax, Experian, and TransUnion – had to remove all outstanding tax . . . → Read More: The Hidden Reason Why Your Credit Score Just Went Up

What Does It Take to Become a Millionaire? (Hint: It’s Not a Higher Salary)

become a millionaire

If you haven’t been keeping up with the personal finance space lately, you may have missed all of the new “FIRE” and “retire a millionaire” posts. These articles are all about becoming financially independent, saving up enough money to retire early, and a lot have to do with having a million dollars. But what does it really take to become a millionaire? Well surprisingly, to become a millionaire, you really don’t need to make a lot of money.

What Does It Take to Become a Millionaire?

This post was written by our long-time staff writer, Kimberly Studdard.

So what’s the secret then? How are all these people becoming millionaires if they don’t have a 6-figure salary? Just like most common sense “secrets”, there’s no one thing that you can do to make yourself an automatic millionaire. Instead, it’s all about the little stuff. All combined, it makes quite a few . . . → Read More: What Does It Take to Become a Millionaire? (Hint: It’s Not a Higher Salary)

How (and Why) to Climb the Corporate Ladder Instead of Retiring Extremely Early

climb the corporate ladder

Retiring extremely early — it’s all you hear about today…

“How so-and-so retired at age 30” “What it’s like to travel the world and earn $1M while doing it” “How to work for 7 years and retire for 70”

Man, talk about some great click-bait article titles! I should really use these for myself in the future… Anyway…back on track here. We’re all in awe of people that can retire extremely early. Their Airstream, their hipster look, and their memorable experiences — all without the need for a job?? Sign me up, right?

Not so fast.

Just because Johnny jumps off a cliff, does that mean you should do it too? What’s best for one person might actually make you miserable. Case in point: I’m 6’8″… Living in a tiny Airstream every day would suck. So before you start lusting after an extremely early retirement, you’ve really got to ask . . . → Read More: How (and Why) to Climb the Corporate Ladder Instead of Retiring Extremely Early

8 Things You Must Do When You Get Out of Debt

things you must do when you get out of debt

You are absolutely killing it. You’ve paid off the credit cards, the car loan, the medical bills, and now you’re getting ready to tackle the student loan debt head on. You’ve never felt better in your life and you can’t wait to be debt free! Only…what is it that you’re supposed to do when you get out of debt?

Should you…

Invest? Pay off the house? Relax and become more generous with your money? Keep killing it and become a millionaire as fast as possible?

What’s the right answer? What must you do when you get out of debt?

8 Things You Must Do When You Get Out of Debt

I was lucky. I had a bit of a windfall with a new job and a signing bonus. After moving back to Michigan, I simply stroked the $4,500 check to my parents (they graciously loaned me the money for my . . . → Read More: 8 Things You Must Do When You Get Out of Debt

Is An Emergency Fund or Sinking Funds Better For Your Finances?

emergency fund or sinking funds

Around this time of year, you might start seeing social media posts and articles from your favorite personal finance blogs that scream “Christmas isn’t an emergency, start saving now!”. While Christmas isn’t an emergency, and you should save for it, that begs the question..is it even worth it to have an emergency fund anymore? Or is the new wave of sinking funds a better choice? If you’re trying to choose between an emergency fund or sinking funds, this article is tailor made for you.

Is An Emergency Fund or Sinking Funds Better For Your Finances?

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

First of all, what’s the difference? And then which one is better for your situation? Let’s dig in!

An Emergency Fund

When choosing between an emergency fund or sinking funds, it’s important to know the differences between them. An emergency fund is just as . . . → Read More: Is An Emergency Fund or Sinking Funds Better For Your Finances?

Common Sense Stuff That Nobody Does – Back to Personal Finance 101

common sense stuff that nobody does

Don’t stick a fork in a power outlet. Don’t treat a construction site as your personal jungle gym. And don’t ever park your car on train tracks. This is pretty common sense stuff, right? If you want to stay alive, try to avoid doing stuff that’ll kill you. On the same token, if you want to have some money at some point in your life, avoid the stupid stuff that will eventually make you lose it.

Common Sense Stuff That Nobody Does – Back to Personal Finance 101

Credit cards, 0% interest, 0% down, options trading… personal finance has gotten pretty complicated, hasn’t it? Fifty years ago, common sense in finance was easy, because it was pretty much the only way to live!

Back then, you saved up money, paid cash for stuff, and brought it home. If you wanted to make an investment, you physically handed money to the . . . → Read More: Common Sense Stuff That Nobody Does – Back to Personal Finance 101