Timing isn't everything Why do we trick ourselves into thinking we have to wait until the timing is right? Whether we’re talking about something monumental like a career change or following a passion, or something a bit less dramatic (but just as life-changing) like creating a budget or simply opening…
Why We're Building a Dividend Portfolio To be a successful investor, you certainly don’t have to be the smartest person in the room. You do, however, need to ensure you aren’t making your investment decisions emotionally. A lot of investors get into trouble when they get too emotionally involved. For…
Last month, my wife and I earned over $500 without any effort on our part. While this alone is great news, it actually gets better! This wasn’t just a one-time payment. Sometimes the amount is more and sometimes it's less, but we receive payments like this EVERY SINGLE MONTH! Dividends:…
Since starting this blog, I’ve been preaching the importance of investing for the future without realizing that I might have been putting the cart before the horse. I was so focused on discussing the benefits of investing, I forgot to provide some critical information: how to actually open an investment…
In American culture, we view the car as an extension of the driver. We expect a person’s car to mirror their economic or social status. We take great pride in the vehicles we drive, and I see very little wrong with that. However, I want you to think about how…
I often dream about the day when Nicole and I will be able to spend our weekdays relaxing on a beach underneath the afternoon sun. The thought of not having to worry about the stresses and commitments of working sounds divine. More importantly, being in charge of our own time…
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…
One of the most popular topics discussed in personal finance, especially when discussing investing, seems to be stocks. In my opinion, this is justified. Stocks can be exciting. Discussions about stocks frequently occur on the news, there are entire stations dedicated to following each move of the stock market, and…
When people talk about their plans to achieve financial independence, eliminating debt is inevitably one of the items on their to-do list. It makes complete sense when you think about it. Being financially independent means that you can cover your expenses without having to rely on income from working. Annihilating…
While completing last week’s post about building a budget, I decided to review the budget that Nicole (my wife) and I had revamped about six months ago. In doing so, I noticed I’m not entirely practicing what I’m preaching. In particular, there was one budgeting blunder that stuck out. While…