zero day finance saving money truths lies

Everything the Internet told you about Saving Money is wrong

How do you save more money? This is an age old question, and everyone has a different answer. You can decrease your rent, get rid of your car payment. What about increasing your income, or getting a second job? I’m to be honest with you: How do you save more money? is a terrible question to ask. What you should be asking is What is the most effective way to save more money? Because not all strategies are created equal, and the advice you’ve heard about saving money probably isn’t good either.

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zero day finance sunset passive income

Passive Income is King: 4 Real World Examples

Earlier this week, I wrote about how passive income is king. As a brief recap, net worth doesn’t tell the whole story. You can have a very high net worth but barely generate any passive income. Even though you have a bunch of money, if it isn’t working for you, what’s the point? You can also have a low or even negative net worth. But if you have a comparably large passive income, you might be able to retire. As a response to that post, I asked several prominent personal finance bloggers what their passive income goals are, and how they are going about achieving them.

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zero day finance what im reading #4

What I’m Reading #4

Welcome back to What I’m Reading! It’s been a few weeks since I posted my last one. I would have posted while I was on vacation, but decided that I would much rather enjoy it and not worry about running Zero Day Finance. If you aren’t already yet, you should subscribe to my mailing list. I’ve developed an extremely useful budgeting spreadsheet that will help you track your spending, as well as automatically track Zero Days, show how your expenses affect your bottom line, and whether or not you are achieving your goals. This will be released within the next week. Without further ado, here are this week’s blog posts that I’ve been reading!

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Supercharge Your Retirement Savings With EvoShare

When it comes to saving for retirement, most people significantly underestimate how large of a nest egg they need. The popular wisdom is to save 10% of your post-tax salary and by the time you retire, you’ll have enough. Unfortunately, the average American saves significantly less than 10% of their post-tax salary. In addition, only saving 10% really isn’t that much, especially for the average income of $38,000 per year. One thing that Americans love doing is online shopping. What if you could save money for retirement while you do your normal online shopping? EvoShare is a company that empowers you do exactly that.

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