Top 10 Reasons People Spend More Than They Earn
Rule #1 of financial freedom is spending less than you earn. If you can’t do that, you’ll never be financially successful no matter how hard you work, how many hours you put in, how many promotions you receive, or how much money you make.
It’s a simple rule, and most would consider it common sense. [...]
Do you make bad financial decisions? Blame evolution.
According to this article in the Los Angeles Times, evolution accounts for a lot of our strange ideas about finances. Most people would rather earn $50,000 a year while people around them made $25,000, than earn $100,000 a year while people around them earned $250,000. Irrational, but in this case, [...]
Secrets That Helped The Rich Get Rich
Reader’s Digest recently posted a article titled Secrets of Self-Made Millionaires. While I don’t think there are any “secrets” to becoming a millionaire, it’s good to be reminded of what is important, especially by those who have already made it. I really liked the following quote:
“For the rich, it’s not about getting more [...]
Net Worth Growth Chart: 2005 Through 2007
Sometimes it’s nice to have a visual representation of your progress. With that said, here’s what our last three years look like:
(Click to view full size)
2007 Our Financial Year in Review
We are pretty happy with 2007. We met our major goal of a $70,000 net worth and we got rid of all debt other than our mortgage. We increased our net worth by about 20% more than we did in 2006. Sometimes I feel like we could be doing a little [...]
The 5 Blogs That Sent The Most Traffic My Way In 2007
As I did last year, I like to look back and thank the sites that have referred my blog in one way or another and sent the most traffic my way in 2007. I can sincerely recommend each one of these blogs. Each one contains great content, and if you find anything of worth on [...]
Most Read Posts of 2007
How often a post is read, doesn’t always reflect quality. Often it is just an indicator of how it ranks in Google or where it’s linked from. Some of these posts were whipped up in a couple of minutes, others took more time and research. But, for what it’s worth these are [...]
Financial Goals for 2008
Net Worth: $105,000
We put a fair amount of thought into our net worth goal for 2008. $105,000 represents a significant challenge, but one we think we can reach. We will have to average a gain of about $600/month more than we did in 2007. There are a few reasons we think [...]
December 2007 Net Worth Snapshot
December wasn’t a particularly impressive month, but considering the extra expenses we had, (Chirstmas, tuition for spring semester, and a trip across the country to see the in-laws), and the continued poor performance of the market, I guess we should be happy with our $1,000 gain.
We made an extra $350 payment to the wife’s Roth [...]
