Budgets get a bad rap. Many people feel held down and restricted by a budget, but the reality is that a budget doesn’t hold you down – it gives you freedom! I’ll explain using a short object lesson.
Save Your Money
Save Your Money
Arguably the foundation of all things personal finance is this very simple idea: save your money.
Nothing else is possible if you aren't able to do this one thing. If you can't save your money then you'll have no money to invest or to pay down debt.
The Foundation of FIRE
So if this idea is the foundation FIRE and it's simple to understand, then why is it so difficult for so many to save your money?
Most people are unable to save because of two reasons:
- They don't make enough money
- They spend too much of the money they make
How You Can Save Your Money
Thankfully the solutions to both of these problems are also quite simple. If you don't earn enough money to save, then you need to find a way to make more money.
If you are spending so much of your money that there isn't enough left for you to save, then you need to cut back your spending and possibly deflate your lifestyle.
Easier Said Than Done
The answers are simple, but actually following through is much more complex. We get that and somewhere on this website is an article that most likely addresses the complex issues that you're facing.
Browse around this site and find that article the get started strengthening your financial foundation.
“You’re fired!” Words nobody wants to hear, but everyone needs to be prepared for.
The best time to get prepared for unemployment is while you’re gainfully employed. If you’re not financially prepared to lose your job today, then it’s time to make your budget great again!
Be (financially) Prepared
The Boy Scouts teach it. Religions preach it. Today I’m going to add my voice to the chorus: Get your crap together!
Do you have a financial emergency plan? Many people have an emergency fund – but do you have a plan for how you’d handle your money in a financial emergency, like a sudden job loss, were to hit you?
A short and sweet post today about something that I’ve been thinking about recently. Is your side hustle holding you back financially?
I had visions of grandeur when I started my first blog in late 2015. At the time I’d been bitten hard by the early retirement bug and I wanted a way to share what I’d discovered. But these days I’m wondering if I’m not biting the hand that feeds me? I can’t help but wonder whether or not I’d be better off financially had I not stared this blog in the first place.