Baby Step 3: Fully Funded Emergency Fund Update

So, all the hard work has finally paid off! We finally hit our magic number in our emergency fund and I made the transfer on 8/11/15 to finish it up! This is a very exciting moment since it means that we have  finally set a solid foundation by paying off all debt but our home mortgage and getting a 3-6 month emergency fund in place. We are now set up to focus on taking our extra money and begin investing it into long term growth. It has really been a long road for us to reach this milestone and took […]

The Power Of Dividends & Time

The other day I decided to check in on one of my favorite things, my Phillip Morris (Altria) stock (MO). When I was younger, I used to think that I would just invest all my money into dividend producing stocks and I would be rich. But, because of dumb financial mistakes and bills, I ended up cashing out almost all of my investments. I did, however, leave myself one share of one stock just to see what it would do over time though. And that one stock ended up being Phillip Morris (MO). I have held one share of MO […]

10 Household Budget Mistakes To Avoid

Formulating a household budget is important to put the family finances in order. Though, there’s no such formula for creating an ideal household budget, there are some basic strategies which can help you create a proper monthly spending plan. Remember, your budget should be ambitious, but realistic. At first, start with paper and pen to compose a budget according to your lifestyle. It will help you to become familiarized with your income and expenses. Gradually, consider using a spreadsheet program for easy updating. Though, the whole task is not so easy, you need to understand that the key to making […]

Financial Challenges To Try Out

There are a ton of financial challenges out there. Today, I am going to feature a few that I feel would be great for you to look at and possibly try. Challenges are great and allow for us to focus for a certain amount of time on a goal. I don’t think that going through these is ever going to result in someone being worse off then when they started. Take a look through the list and make sure to click over to get more info from the websites I’ve linked. I would love to know if you’ve taken these […]

7 Habits I’ve Developed On My Financial Journey

So, I got to thinking the other day and started reflecting on some habits that I’ve developed along the way while working through my financial journey. I thought by sharing them, I would hopefully get you to reflect on your goals and things to focus on while you are on your financial journey.

The Many Customer Types You Meet In Retail

Working in a customer facing environment where you are taking people’s money while conversing with them, you get to meet all kinds of people. This past week has really opened my eyes to all the different people out there that are really having some struggles, whether self inflicted or just going through a rough patch, or just starting out.

7 Characteristics Millionaires Share

What do millionaires have in common? This question really is key to understanding wealth building. If we want to become wealthy we should study the habits of those who have achieved financial freedom. How do we do this? We turn to the experts who have studied the habits of millionaires and share with us how to build wealth. Which brings me to this book The Millionaire Next Door which is a great read. It is also available as an audiobook. In The Millionaire Next Door, by Thomas Stanley and William Danko, we read that the authors spent 20 years interviewing millionaires. The authors […]