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3 Destroyers of Wealth

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Sometimes it’s hard to get ahead. Sometimes your financial goals take forever to accomplish. Staying the course is a challenge. You know you need to build some kind of wealth, but time goes by and you still haven’t made a plan.

The problem is that you think there’s always tomorrow. The reality is that tomorrow always brings something new for you to deal with and that something usually takes money.

The biggest problem with all of this is time. Before you know it, you start wondering why your finances aren’t where they should be and you need to do something about it to ensure a future.

These are three things that hold you back and ultimately destroy your wealth as time goes on. Continue reading 3 Destroyers of Wealth

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Debt Strategy

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Believe me when I say, getting out of debt is tough. It’s especially tough if you have multiple credit cards with high balances, student loans, car payments, and a mortgage. Getting rid of it all takes planning and perseverance. Coming up with a plan that you stick to is extremely important. I recommend writing it all on paper on using a spreadsheet. Documenting your plan helps you stay on track and adjust when necessary as things come up. Continue reading Debt Strategy

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One Student Loan Down

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Well folks, today, I officially put a nice dent into my $110,000 student loan debt. I sent the final payment to Nelnet, one of three of my loan servicers, bringing an end to doing any further business with them. There’s no better feeling knowing that you stuck with your plan and made significant progress towards your goals. Paying off my student loans is one of my top priority financial goals after saving three months of income for an emergency fund and paying off my credit card debt. I still can’t believe it. One is done. Continue reading One Student Loan Down

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Making Hard Choices

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Personal finance is about making choices. Sometimes it can be about making hard choices when you are trying to save money or reduce your expenses, yet trying to keep up with the latest that modern society has to offer. You may find you don’t make enough to cover your bills and are juggling your bills by paying a little late or waiting until your next payday.

That shiny new iPhone that’s costing you an extra $30 on a monthly payment plan on top of the service plan is probably something you shouldn’t have at this time. Continue reading Making Hard Choices

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The Power of Focus

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When getting your financial life together, you may attempt to do multiple things at once. You may determine you have to build an emergency fund, eliminate credit card debt, invest in your 401k, and save for a home. You may not realize it, but you’re spreading your money over too many goals and making it hard to achieve them. Continue reading The Power of Focus

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Everyone Needs a Side Gig

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When I first started getting serious about my financial well-being, I knew a side gig was key to my plan. I’ve wanted to start a side gig for some time and the opportunity came up for me last summer.

A friend of mine said her current bookkeeper/office manager was leaving her small company. She didn’t want to pay that salary anymore but still needed her accounting done. Continue reading Everyone Needs a Side Gig

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Goals Take Time

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Time is your ally. It’s also a pain in the ass.

When you finally decide to get your finances together and put a plan into action, you’ll feel like it’s virtually impossible to accomplish what you want. The reason is that a lot of your financial goals take time. Time to complete and time to see some sort of result. The more time it takes to reach your goal, the more room there is for potential setbacks. Continue reading Goals Take Time