Saving

Passive Income is King: 4 Real World Examples

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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Posted by David in Investing, Saving, 23 comments
What I’m 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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Posted by David in Blogging, Investing, Lifestyle, Saving, 8 comments
Supercharge Your Retirement Savings With EvoShare

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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Posted by David in Investing, Saving, 8 comments
Use The Savings Snowball Method To Save More, Faster

Use The Savings Snowball Method To Save More, Faster

I recently responded to a post by Jane from Cash Fasting. If you haven’t read her blog, check it out. There is a lot of fantastic content, and you’re bound to learn something new. She was summarizing goal progress for Q1, 2017. She has many financial goals that she is trying to accomplish at once. This sounds very familiar to people who have many debts that they are trying to pay off at once. Unfortunately, it can be very difficult to accomplish several savings goals at the same time. This got me thinking, why don’t we apply the same strategies that we use to pay off debt to achieving financial goals?

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Posted by David in Budgeting, Goals, Saving, 6 comments