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

What is Your Net Worth

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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 – . . . → 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

One Profound Tip to Survive in High Rent Areas

survive in high rent areas

Do you live in New York? Boston? San Francisco? Maybe Miami? If you live in a high cost-of-living area, getting by can seem tough, let alone paying down debt or getting ahead financially (like I always harp on you to do).

If you’re struggling to pay the rent and can’t possibly comprehend saving money at the end of each month, maybe it’s time to take a different approach.

How to Survive in High Rent Areas

What if, instead of living in a miniature 350 square foot, one bedroom apartment, you rented a bigger place and shared it with a few other folks?

I know, I know. At first it doesn’t sound ideal at all, but what if I told you that you could save nearly a thousand bucks a month on rent? Do you realize the impact that this could have on your debt snowball? It’s at least worth taking . . . → Read More: One Profound Tip to Survive in High Rent Areas

18 Tips to Get Rich (From Actual Millionaires!)

Tips to Get Rich


They drive through their gated communities on golf carts, give fake smiles to everyone they see and wave that silly open-fingered punch as if they’re giving a high-five to your forehead. They dine at the local country club and eat only in miniature because that’s the classy thing to do. Never would you catch them in your local grocery store or gas station. They’ve got servants for that kind of thing.

Ummm…. I don’t know how to break this to you, but the above paragraph is absolutely false (and is only relevant in 3-star movies or less).

In the real world, millionaires walk among us each and every day. In fact, there are 10.4 million millionaires in the United States today, which means that if you see 300 people a day, 10 of them are millionaires….And I bet you couldn’t pick them out either.

18 Tips to Get Rich . . . → Read More: 18 Tips to Get Rich (From Actual Millionaires!)

How I’m Saving $2,400 a Year on Healthcare Costs

healthcare costs

As a self-employed individual, one of the questions I get asked the most is what I do about healthcare costs.

At first, I got lucky. The Affordable Care Act went into effect before I turned 26, so I was covered under my father’s plan for almost a year. Then, things got more complicated.

This post was written by Amanda Abella, a talented speaker and writer of personal finance.

How I’m Saving $2,400 a Year on Healthcare Costs

Over the course of the next three years, I would try different ACA plans to manage my healthcare costs. Then, at the end of 2016 I ended up at the urgent care and decided the ACA plans weren’t worth the headaches.

Here’s a rundown of all the headaches in 2016: My premiums for 2017 would have been in the $350 a month range for a Silver plan with a $6000+ deductible. At this . . . → Read More: How I’m Saving $2,400 a Year on Healthcare Costs

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

My February 2017 Blog Income Report

Blog income report

If you ask me what I’m passionate about, I’d quickly respond with “Helping people with their personal finances.” And it all started with this simple blog back in 2010.

I absolutely love blogging. Each and every post I write has an impact on somebody.

It might help them realize that they need to:

get started on their retirement fund, protect themselves with life insurance, or even to love their money a little bit less, and their spouse a bit more.

The fact that I can earn money from blogging is simply icing on the cake. AND, I recently discovered that if I want to earn an unlimited income with my blog, all I have to do is focus on helping my readers with everything I do, and everything I recommend. EVERYTHING. With this approach I’ll earn my readers’ loyalty and trust, and with that trust, they’ll actually take action on . . . → Read More: My February 2017 Blog Income Report

5 of the Best Hobbies to Have (or Begin!) for Earning Cash

Best Hobbies to Have for Earning Cash

If you’re racking your brain to come up with a way to earn some extra money this month, the answer might be right under your nose.

Most of us either have a hobby we enjoy, or we had one, once upon a time. Dig that instrument out of the closet and you’ll find that, like riding a bike, the basic knowledge is still there. Rusty, but there.

This post was written by our talented regular writer, Jamie Jeffers.

5 of the Best Hobbies for Earning Cash

My music instructors passed on the often told advise that if I just put in 15 solid minutes of practice per day, I’d be a better musician than most. Now I know that they were just trying to get me to pull my flute from its case. The truth is, getting started is the whole hurdle. Once you jump that, 15 minutes melts into . . . → Read More: 5 of the Best Hobbies to Have (or Begin!) for Earning Cash