Sharing insights since 2007 on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom!
Was this title just click-bait? Absolutely not. This is indeed an article that will enable you to add quite a bit of value to your car – for less than a Benjamin. How do I know? Because I’ve done this process to multiple cars (I did my most recent car yesterday).
When focusing on our finances, it’s important to make the most of your investment. An investment can mean stocks. An investment can be in the form of food – to give you energy so you can work hard. And investment can be in the form of putting money into a tangible object in order to increase its value. That’s the type of investment we’ll be working with today. We are looking at how to fix up your car so it’ll be worth more when you sell.
Before I dive in, I want to take this chance to let you know that the following process isn’t for the lazy. It takes hours and hours to do the following. So really, it’s best to not do this unless you’re willing to work. Furthermore, if you hate working on cars (or finding someone else to do it) and your time is very valuable, then it also doesn’t make much sense to follow along with this post. Your car also needs to be a bit tired. If your car is in perfect condition right now, this post will be of little help to you. For the rest of you though, I think you’ll find everything you’re about to read very handy. Let’s get going. [ continue reading… ]
Wouldn’t it be a dream come true to be away living in some remote small-town while experiencing a different part of the world every few months? I work from home full time. And to be honest, everything from international travel to simply moving to a larger city has crossed my mind. If we didn’t have kids, I think I would definitely give the digital nomad life a go.
A couple of days ago, my neighbor moved to Turkey for a two-year stint. And while I bet the job offer was extremely enticing to lure him to go there, I wonder what I would do if I was given the opportunity. For starters, the first question I would try to figure out was:
What is the Immediate Impact on Income?
Obviously, the headline salary number needs to be higher than my current income. However, we’ll also have to factor in insurance and other benefits. Will those be paid for by his employer? Could health insurance be even more expensive than what we are paying in the states?
The prospective job may pay a higher salary but require payroll deductions for insurance or have fewer other perks. Secondly, my wife doesn’t work so there’s no impact on her income but many families are dual-income families. If one person relocates, how will that affect the second income? Families will need to consider how long it will take for the second income to get back up to speed. In the meantime, would the family be able to live on one income for a few months at the very least? [ continue reading… ]
I wrote about how contentment is the ultimate financial principle that everyone should have earlier in the year. Being content with your situation, the stuff you already own, and the career you already have are amazing skills to practice but do not confuse contentment with complacency.
Being content with what you have doesn’t mean you can simply sit back and wait for life to happen to you. There’s a difference between feeling satisfied and happy with what you have and simply giving up. [ continue reading… ]
“Turn your passion into a job, and the money will follow.”
“Do what you love, and you’ll never work a day in your life.”
These sayings sound nice, but unfortunately, they hold little truth for most people. Turning your favorite hobby into a money-maker might seem like a good plan – but it can be a horrible mistake. Here’s why:
Your Passion Fizzles When It’s Work
When you’re passionate about something, it’s easy to fantasize about doing it every day and watching the money roll in. It will bring meaning to your life, right?
Some people prefer to spend time in the great outdoors camping, hiking, and communing with nature while others find it more relaxing to stay at a 5-star hotel in the heart of a bustling city with plenty of venues and nightlife.
While certain outdoor-oriented vacations can be pricey (a week-long guided tour through Yellowstone National Park, for example), most are more budget-friendly than city vacations. This doesn’t mean there aren’t ways to save money while enjoying city life; it just tends to be pricier. Whether you purposely seek out a city vacation or just end up there, here are some simple tips on ways to save money and still enjoy your time. [ continue reading… ]
My wife and I racked up over $109,000 of credit card debt during the first thirteen years of marriage. I place much of the blame for that on myself, as I hid the totality of our debt from her. After she had gone to bed, I spent nights applying for credit cards with low promotional interest rates and shifting balances from one account to another to reduce our payments. Whenever we ran out of money, I would use credit cards to supplement our income. She knew we had credit card debt, but she didn’t know the hole was that deep. We didn’t talk about finances and we never had a budget.
I committed financial infidelity.
When it all came crashing down, I was afraid she was going to leave me. I wouldn’t have blamed her if she had walked out the door. Thankfully, she didn’t, and we spent nearly five years paying off that credit card debt.
There are many ways in which someone can be financially unfaithful, here are a few of the most common: [ continue reading… ]
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