Here are some of the downsides you should look out for if you shoot for financial freedom and attain it. If you leave your job after attaining financial independence (especially if you are relatively young), you may find a vast, gaping hole of meaning in your life. Work, contributing to society, interacting with people in […]
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Did you know it is super cheap to send books in the mail in the United States. There is a special rate structure. Make sure you ask for the book rate…..
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Since you are now streaking like an arrow towards financial freedom, you are eventually going to start asking yourself more questions about your career and earnings potential. I’ve got a dirty little secret for you. Your financial success and overall wealth derive more from where you are in the food chain of the economy or […]
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MightyInvestor.com focuses on Earning, Saving, and Investing. However, earning comes first. Why? It’s simple. You can’t save what you don’t earn. And you can’t invest what you don’t save. So earning comes first. Eventually, with enough assets, how you invest can become as important (and then much more important) than your earnings. But that is down […]
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I find that many (possibly most) people attracted to personal finance blogs and books have a focus on saving more than on earning. This may have to do with temperament or how we were raised. There is nothing wrong with this. However
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Early Retirement. She beckons in the distance like a siren singing her song. Ahhhh. Just the idea of early retirement makes you kind of want to relax. But I have news for you. Early Retirement is a mixed bag at best. Here’s why–and what to do instead. So many people seem lost when they try to […]
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If you have credit card debt, and I mean any credit card debt:Cancel your cable.Don’t buy a top-end cell phone. Buy a $100 android phone and sign up for Republic Wireless or one of the other, cheaper cell phone providers.Don’t waste money at the bars. (Ok to buy one drink occasionally at a bar if […]
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Here is my best advice to you about when to begin investing. Start investing now.* As soon as possible. I mean like in your teens. If you are no longer that young, that’s ok; just get started wherever you are. Start with a small amount, but something that is meaningful to you. You could invest as little as $50 […]
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Here’s a tip I’ve been using since 2010. If you prefer a Roth IRA to a traditional IRA but have too high an income to be able to contribute to a Roth, you can contribute to a traditional IRA (taking no tax deduction if you make too much to qualify for the deduction) and then […]
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Early on in your career, it may be better to pile up assets and build a buffer. I don’t urge “follow you passion” in a simplistic fashion. In fact, in the modern, competitive world, I advocate a super pragmatic approach to your career and keeping a weather eye on the financial upside. However, at some […]
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