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Best of Making Money

Can You Become A Millionaire?

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Recently, I saw a question on Twitter – Can anyone become a millionaire? My gut instinct said yes. I was sure anyone can become a millionaire if they just save and invest consistently. Inflation alone will make the millionaire status much easier to attain in 30 years. Everyone will make a lot more money so […] Read More

Secret to Building Wealth – Buy Assets, Avoid Liabilities

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Here is the secret to wealth – Buy Assets and Avoid Liabilities. The first time this became clear to me was when I read Rich Dad Poor Dad by Robert Kiyosaki. The book is an easy read, but it has many flaws*. If you haven’t read it yet, I encourage you to check it out from the […] Read More

Should I Sell Our Rental Properties?

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I love our rental properties, but now I want to sell them. Why would I do that? To be precise, I love our passive income stream from the rentals. Being a hands-on landlord is not bad, but I wouldn’t say I love it. Luckily, we’ve had great tenants for years and it hasn’t been too […] Read More

Should You Focus on Making More or Spending Less?

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What’s the secret to wealth? It really isn’t much of a secret. You just need to save and invest as much as you can. Your investment will compound and your net worth will grow over the long haul. Last year, our net worth grew nearly $350,000. That’s incredible because we made much less than that […] Read More

How to Invest Your First $500

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One of the best things you can do to build wealth is to start investing as early as you can. This is easy in theory, but it is more difficult in practice. Someone new to investing wouldn’t know where to begin. I sure didn’t when I was young. I started investing by going to the […] Read More

What Was Your Lowest Point Financially?

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Have you ever been in so much financial trouble that you thought – this is rock bottom? Personal finance is not easy and most of us have been through a few tough situations. I think that’s how people discover personal finance blogs. They get in trouble financially and want to turn things around. When you’re […] Read More

Is Our Duplex a Good Investment?

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It has been a long time since I gave an update on our small rental duplex. This house is a single family home that was converted to a top/bottom duplex back in the 80’s. The upstairs is a nice one bedroom apartment with a lot of natural light. The downstairs is a spacious one bedroom […] Read More

Why I’m Hiring Our Kid as an Employee

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Last week, I had a talk with RB40Jr on the way to school. I reminded him that I have a blog and asked if he’d like to work for me. I could pay him to use his photo on Retire by 40 and also for whenever he takes a good picture that I can use. […] Read More

2017 Blog Income Wrap Up

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Alright, I am almost done with our 2017 tax returns! There are a couple of K1 forms that should be coming in April, but everything else is done. Now, I can share my 2017 blog income because that part is finished. We had a record year in 2017 and doubled our blog income from the […] Read More

Focus on Your Saving Rate When the Market Fluctuates

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It’s only natural to feel anxious when the stock market drops or spikes too fast. The stock market has been stable for so long that many of us aren’t used to the volatility anymore. I wrote this post the last time (2016) the stock market had a correction (10% decline from the peak) and it […] Read More