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 […]
Are you drowning in debt payments? Are you ready for a change? In this article, I show how my thought process changed when I was in debt to how I got myself out of debt.
Alright, here goes! My first real Budget Report/Net Worth Update!What HappenedThis month was a pretty good month overall, but I think with how the paychecks fell at the end of the month, our stats were showing a little skewed. We will see next month anyways. We got a good chunk of money put away into savings this month getting us all that much closer to our Fully Funded Emergency Fund of 6 months of expenses! Can’t wait to get that done so that we can start investing, saving for kid’s college and paying off the mortgage!Net Worth – May 2015AssetsHome […]
So, lately I’ve been very interested in reading and writing about raising our net worth. Since we just finished our 9 week class that we facilitated for the first time in our home called “Financial Peace University”. We have been following the Baby Steps that FPU teaches since 2011 and have since been able to pay off all of our debt other than our personal residence, replace our cars by paying cash, create a monthly budget that we follow, build up an emergency fund that is at this time 70% funded towards our goal of $15,000, and lastly, we’ve been […]