With mortgages being unaffordable for many first-time buyers, and the UK rental market expanding, now is a great time to consider becoming a landlord. Here are some key points to think about before starting your property venture. **Location Matters** As often mentioned, the location of your property is crucial, especially for buy-to-let properties. You need […]
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This is a guest post from Brian Groener, a 22-year-old index fund investor from Philadelphia, PA. Recently, he graduated from university and is currently working as an engineer just outside Philadelphia. Brian enjoys his job and has just started his journey towards financial independence. He is also passionate about outdoor activities and traveling, which he […]
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This post is part of a series on 13 money resolutions for 2013. One of my personal goals this year is to pay off more than $25,000 in debt, on top of my regular mortgage and loan payments. If you look at the goals tracker in the sidebar, you’ll see I’ve already paid $9,500, thanks […]
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Managing your finances can really pay off in the long run. By keeping a close eye on your bills and saving more effectively, you’ll gain better control over your money. This allows you to put away extra funds for things like a vacation, a much-desired car, or your retirement. To achieve this, it’s crucial to […]
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LEARN NEW SKILLS For the past few days, I’ve talked about activities like growing a garden and maintaining your vehicle. These small tasks not only help you save money but also make you more self-sufficient. For instance, if you can grow your own food, you don’t have to depend on buying it, especially when prices […]
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Is it better to work and be broke, or to rely on welfare? Recently, I was talking about my sister who works as a nanny, earning about $1,800 per month. After she covers work-related expenses and pays another nanny to take care of her own child, she’s left with about $350. Now, she’s also dealing […]
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WHAT DOES IT MEAN TO BE FINANCIALLY INDEPENDENT? People often debate what it really means to be financially independent. Some think it means being so rich that you never have to work again. Personally, I don’t believe that. For me, financial independence means having enough money so my investments generate enough income to live comfortably. […]
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Yesterday, we discussed how much money you need to achieve financial independence. For me, that breaks down to $50,000 to buy a house, $30,000 for a 30-month emergency fund, and a source of passive income generating at least $1,000 per month for living expenses. While I’m working on growing that $80,000 savings account for financial […]
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Good morning! I’m Dee, a personal finance enthusiast and blogger dedicated to living a frugal lifestyle, eliminating debt, and creating multiple income streams. My goal is to inspire others to achieve their financial goals by sharing my journey on my blog, Color Me Frugal. Our path to financial independence began in 2010. We had always […]
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There’s an interesting series on Esquire that interviews people at different income levels. After focusing on men, they have now spoken to four women who earn $1,000,000, $350,000, $80,000 per year, and $650 per week (just above the poverty line). Here’s what caught my attention: $1,000,000 Per Year Woman, 34 Years Old: – She has […]
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