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How much to sacrifice to reach financial independence

How much to sacrifice to reach financial independence

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When you hear about financial independence you might think about all the sacrifices you need to make like not being able to spend on things, living minimally, working multiple jobs, creating side hustles, and living like a nomad. How much do you need to sacrifice? Do you have to give up the joys of life? Can you have YOLO (you only live once) attitude? Like many responses in the financial world, it depends. And there’s many factors to consider. How…

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EVERYONE needs to know how to handle money

EVERYONE needs to know how to handle money

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No matter what profession you’re in; no matter what stage of your career; no matter if you’re only a student, EVERYONE needs to know how to handle money. It’s not just about watching your spending but anything related to finances because it affects everyone. Everyone handles money. We learn at an early age the purpose of money, value of money, and significance of money. It’s a part of our lives from saving, investing, credit, taxes, giving, loans, banking, and more….

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Get on the same page

Get on the same page

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No one ever intends to break up, split up, or divorce. There are a number of reasons why couples do though and one of those reasons is because of finances. Before I got married, my wife and I talked about finances. I considered myself someone who had a good grasp of financials. My wife was an accountant and was very good with money. Luckily, from the very beginning we were on the same page financially. We both had careers; we…

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Got extra cash? What’s your first action?

Got extra cash? What’s your first action?

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You can learn a lot about a person by seeing what they do with extra cash they come across. I wrote that there are three things you can do with your extra cash: spend it, save it, or invest it. I’ve used a tactic that has been working well for me and my family when I come across extra cash. That tactic is live like you didn’t have it. When you are serious about trying to achieve financial independence, financial…

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The downsides to real estate investing

The downsides to real estate investing

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Have you ever wanted to be a real estate investor? That is buying property and renting it out? Do you ever wonder what real estate investing is like and if it’s something for you? You may have heard about the great things about real estate investing – having someone else pay your mortgage, making money each month, and having an asset that appreciates. Here are downsides to real estate investing. What you don’t hear about are the challenges with real…

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Time to refinance

Time to refinance

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If you own a home and haven’t taken advantage of refinancing to a lower rate or in the market to buy a home, the mortgage rates are at its best. I refinanced my home last year at 2.625% for a 10 year loan thinking that it was a great rate. And it is a great rate! One year later, I checked my credit union and saw that a 10 year loan is now 1.762%! I can’t tell you how much…

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Teach our kids early

Teach our kids early

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How great would it have been if you were taught about finances and how to handle money at an early age? I was never taught growing up and I feel I could be in a better place financially if I had been exposed to finances early on. Let’s teach our kids early. My daughter who is in middle school surprised me when she started asking me all these questions about bank accounts, interest, loans, mortgage, investments, taxes, real estate, and…

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Why you need to diversify

Why you need to diversify

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You may have heard the saying “Don’t put all your eggs in one basket.” Every time I talk about investments, the term “diversify” always comes up. If you only invest in one area, you’re not diversifying and you’re putting all your eggs in one basket. Diversifying your investments means investing your money in various areas. Here’s some reasons why you need to diversify. The market has taken a dive recently and you may have noticed your financial portfolio go down…

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BOGO Free is the best deal

BOGO Free is the best deal

Comments 341 comments

I think of myself as a pretty good savvy shopper. I try never to buy anything full price. I consider generic over name brand and I always ask if I can get a discount. What gets me most excited though, is the Buy One Get One (BOGO) Free. When I see a BOGO Free special, it gets me excited because I think it’s the best bang for the buck deal except when they’re free. You may see buy one get…

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Don’t Leave Your 401K Behind

Don’t Leave Your 401K Behind

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If you had multiple jobs and multiple employers and took advantage of a 401K (if they offered one), then you likely have multiple 401K accounts. First of all, just because they’re retirement accounts doesn’t mean that you should forget about them. If you’re in this situation, your old 401K probably wasn’t on your mind when you left for another job. If you had another job lined up, you might have been focusing on leaving your current job on a good…

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