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How to Start a Blog and Why You Should

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A few weeks ago, I went to drop RB40Jr off at school and met one of his friends’ mom. We hit it off because she's from Thailand and we had a short conversation while we waited for the kids to go inside. She asked what I do, and I told her I’m a blogger. She must […] Read More

What if you always maxed out your 401(k)

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If you are young and wondering what is the surest way to become a millionaire, I can tell you right now that it is to max out your 401(k) every year. This is the simplest and most assured way to build wealth. The problem is you have to start young and most of us don’t […] Read More

How to Fund Your Early Retirement

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Early retirement sounds awesome, but how do you pay the bills? Many financial planners recommend saving 10% to 15% of your income for retirement. That standard plan should enable you to comfortably retire in your 60s, but it will be practically impossible to retire early. You will have to think outside of the box if […] Read More

How Much Cash Reserves Do You Have?

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Let’s talk about our cash reserves today. I feel a tiny bit of guilt because 7 in 10 Americans have less than $1,000 in savings, according to a recent survey by GoBankingRates. Hey America, wake up and learn about Financial Independence! You need to save more so you won’t be so dependent on your employers. Anyway, […] Read More

My 5 Worst Financial Mistakes

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A few weeks ago, I posted the 5 Best Financial Decisions I Ever Made. Today, we will look at the other side of the coin and share some of my worst financial mistakes. Nobody is perfect and we all make mistakes. The important thing is to embrace your mistakes and learn from them, right? That’s […] Read More

5 Best Financial Decisions I Ever Made

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Here is a tough question for you. What was the best financial decision you’ve made? Life is really good for us right now and a large part of that is due to many smart decisions we have made in the past. I also think we are very lucky because we haven’t made any huge mistakes […] Read More

When to Invest a Lump Sum

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Did you make some money from the Brexit dip? The British voted to leave the European Union and the stock markets around the world weren’t expecting it. Every stock market index dropped sharply for a few days, but it looks like the US has recovered nicely. Even the FTSE 100 index, London Stock Exchange’s 100 […] Read More

How Many Sources of Income Do You Have?

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The internet said a typical millionaire has 7 sources of income. I don’t know if this is accurate, but I’m sure wealthy people have more than one source of income. Most of us start off with just one source of income – earned income. That’s how we start our working life. We go to school, […] Read More

Avoiding the Middle Class Squeeze

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Last time, we saw that a large percentage of American households feel they don’t have enough money to enjoy life. The main problem for the lower class households is they just don’t make enough income. The only way to escape from the lower class is to increase their income significantly through education or by starting […] Read More

Escaping From The Lower Class

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Earlier this week, Prosper Marketplace sent me their latest Financial Wellness Study. They surveyed 1,000 Americans with decision-making power in their finances to see how their households are doing. The result of the study is a little depressing because most American families are struggling with their finances. We are doing pretty well financially, but it […] Read More