Lifestyle Creep: What Is It and How Do We Avoid It?

In my opinion, one of the simplest ways to build wealth is to increase your income while keeping your expenses relatively unchanged. Unfortunately, it seems like too many people increase their spending at the same rate as their income. I'm not saying that you shouldn't go out for a celebratory…

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Budget Meetings

At the end of every month, my dad sits at the kitchen table and balances the checkbook. I give him grief for it and joke that he is archaic, but I understand his rationale. He does it so that he can stay apprised of their financial standing. He wants to…

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Our Rental Real Estate Endeavor: Part Two

When I was younger, I always thought very fondly of being able to sustain my lifestyle by earning “mailbox money.” I envisioned myself walking down to the end of my driveway (often in my pajamas) and pulling out an envelope with a check enclosed (with electronic payments, walking down the…

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Our Rental Real Estate Endeavor: Part One

I’m not sure if it’s all the HGTV I’m exposed to when I spend time with my mom, but it seems that rental real estate has steadily grown in popularity over the years. Who wouldn’t be intrigued by the thought of getting paid monthly while a piece of property does…

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Understanding Your Credit Score

I don’t think I’ve ever met someone that doesn’t use credit in one form or another. Without using credit, there are certain goals most people simply wouldn’t be able to achieve. Whether you’re applying for a mortgage, a credit card, or an auto loan, understanding your credit score can be…

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My Early Investing Mistake

In life, making mistakes is an important learning mechanism. After doing so, you identify where you went wrong to avoid the same mistake again. Among other things, it will often cost you time, pride, or money. While making your own mistakes is a useful process, understanding someone else’s mishaps can…

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