Saving will only get you so far.
Without money, there is nothing to manage. If you don’t think money is important, go back to playing with your legos.
Any strong financial foundation starts with income. The Wall Street Journal says, peak happiness is at $75,000 yearly income so your goal should be to get there and beyond that is just icing. That said, more money definitely isn’t a bad thing.
There is a big difference between what is needed and what is possible. This site is dedicated towards discovering what is possible. It's normal to make excuses like you "make enough" or be concerned with "being greedy". It's actually the first roadblock all successful people need to confront. The question is, will you let insecurity and fear stop you before you've even gotten started?
Let's discover what you're capable of.
Overworked and under-paid? Join the club. It's just not a club that you'll find us in. You're leaving money on the table and it's your duty to capture it. Would you turn the heat on and open the windows in the middle of winter? You should feel the same way about spending 40+ hours a week at 70% of what you're worth.
We're always worried about our situation and what others might think of us. Well guess what, everyone is doing the same thing and thinking about themselves - you're not special. Is it so hard to believe that how much you're getting paid is the furthest thing from your bosses mind? A big part of your job is making sure it is on the top of their mind. Negotiation is the name of the game.
Just because you could be making more doesn't mean flair is your thing. Sometimes the best way to win is to change teams. Of course, everything about job hunting sucks. That's why we've created an obsessive amount of resources around all things job hunting. You'll even get to hear from my Dad - an expert on job hunting.
That's a quote from our buddy Warren and we couldn't agree more. Seriously though, you'll stay up at night worrying about how diversified your investments are but you're still stuck on a single source of income. Stop worrying and remove your single point of failure!
The average Netflix subscriber watches 1.8 hours of content a day and that number is much higher if you have cable. That's at least 54 hours a month! Now, imagine if you took only 1/3rd of that time and spent it building something cool. In a few years you could have a passive income stream that rivals your full time gig!
Maybe building isn't your thing, that's fine. Laura, my wife, loves thrift shopping and recently joined Poshmark. In under two months she's profited over $500 in her spare time by what we affectionally call clothing arbitrage. Earning on the side is fun and it will increase your level of income security and confidence. Not to mention there are a ton of tax incentives for Small Business Owners.
Don't just listen to Millionaire Success Stories - start creating your own!
The people who make the most usually spend the most.
That's why we made Mastering Mint. It tells you exactly what you need to do and how to automate it all.
Budget once and get on with your life.
"The best investment on Earth is Earth." - Louis Glickman
Everyone needs a place to live whether they have a job or not. If you're willing to put in the work, Real Estate investing can easily be one of the most profitable uses of your time. This is one of the first things you'll learn in the popular book Tax-Free Wealth.
In fact, one of the first things you'll learn is that a major benefit of Real Estate investing is the massive tax incentives that go with it. For people with a high income it's almost a must to invest in some form of rental property.
There are however a lot of potential pit falls which is why we recommend this towards the end of your financial journey. Due to the risk, lack of liquidity and time requirements we recommend you explore rental properties once you've gotten all other areas of your finances under control.
To say we're obsessed with managing money would be an under statement. We've created hundreds of articles and episodes to share what we've learned. They range from the core concepts of making money to the sticky details like negotiating for a raise at work.
While we encourage you to subscribe to our podcast and listen to our episodes in order, if you're looking to cover your bases on a specific topic than we created these classes for you.