How to Simplify and Automate Your Finances to Make Them Work For You

Are your finances simple? Have you automated everything possible? Is there room for improvement?  Let’s discuss how to simplify and automate your finances to make them work for you. One of the biggest issues I see people make is complicating their finances.  Your finances should be simple. You can always add complexity later. Let’s take … Read more

Passive Income is Not Passive – 7 Perfect Examples

What if you could sit back and earn money by doing nothing?  What if I told you that you could earn $500 a day while traveling the world and no effort was required? Would you want to know the secret? Would you want the passive income?  It sounds glamorous. It sounds easy. The problem is … Read more

How Much Do You Need to Save to be Financially Independent?

How Much Do You Need to Save to be Financially Independent? That’s an excellent and challenging question. When I was young and impressionable, my uncle taught me about it using an example. He showed me a spreadsheet of two investors. He called them individual A and B, but I will refer to them as Amy … Read more

Patience, Discipline, and Humility are Superpowers

Patience, discipline, and humility are superpowers. We’ll talk about how this applies to investing and saving. Unfortunately, those qualities don’t make for good headlines. Imagine reading, “Warren Buffett was patient once again, waiting for the purchase of the decade” and going on to say, “He didn’t find an attractive deal yet, but he is disciplined to … Read more

How to Buy a House – 8 Steps

If you’ve never bought a home, buying a home can be a daunting process. At least it was for me.  How expensive of a house should I buy? What are my “must haves”? Do I need a real estate agent? Who should I hire as my real estate agent? What’s the process? How long is … Read more

Is it Better to Rent or Buy a House?

Is it better to rent or buy a house? There are very few questions in personal finance that will elicit people from both sides who adamantly insist they are right.  From the “rent crowd”, you’ll hear how they have flexibility and freedom to do anything. If they want to move, they can. If something breaks, … Read more

Savings Buckets

Have you ever had trouble saving for a goal?  You’re not alone. Many people I talk with have one savings account, where their paycheck is deposited and bills are paid. The one account supports their mortgage or rent, car payment, car insurance, food, vacations, and bigger short-term goals.  It’s a tough system. It’s not designed … Read more

Emergency Fund: What it is, How Much to Save, and How to Create it

When was the last time something did not go as planned? What happened? How did you adjust?  Life happens.  Things go awry.  We create contingency plans for when Plan A does not work.  Spare tires in your car. Extra keys for your house. Uploading precious photos to the cloud. Additional food when hiking. Fire extinguishers in … Read more

Building a Good Credit History and Credit Score

Building a good credit history and credit score does not need to be complicated. How do you build your credit history? How do you improve your credit score? What affects your credit score?  Credit is a very misunderstood part of personal finance.  When I talk with people about credit, I often hear stories of how … Read more