1 Million Ways to Make 1 Million Dollars

1 million ways to make $1 millionSo you want to make $1 million? I’m pretty sure that everyone does. Culturally, it has become the gold standard of how we define “rich”. If you have $1 million, you can buy a very nice house and car. You can buy property and become a landlord. You can even invest it and live off about $40,000 per year, forever, without working another day in your life. Regardless of what you want to do with your $1 million, you need to figure out how to get it. There are a variety of different strategies to do this. I won’t be describing “get rich quick” schemes. Rather, they are investment strategies that the average person can actually accomplish.

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Posted by David in Investing, Lifestyle, 12 comments
If You Want to Retire, STOP Spending Money on Fancy Lunches and Invest

If You Want to Retire, STOP Spending Money on Fancy Lunches and Invest

This is a follow-up to My Dad Spends $8,000 Per Year At Work. The majority of my coworkers go out and purchase “fancy lunches” every day. Sometimes they’ll spend a few bucks, maybe $6 for a sandwich. Most of the time, they’ll spend closer to $10 or $15 for an entree and soda. Rarely, they get super fancy and will go to a sit down restaurant and spend $30. They do this 5 days a week, 52 weeks a year. These same coworkers will complain that they never have enough money. Their student loan payments are too high, the rent is expensive, and car payments are the worst. “It’s expensive to live. You work for years, and what do you have to show for it at the end?” Don’t make their mistakes

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Posted by David in Budgeting, Lifestyle, 19 comments

My Dad Spends $8,000 Per Year At Work

My dad spends $8,000 on lunch, coffee and gas for workIf you’ve read my blog before, you know that I have a spending problem. I spent almost $57,000 last year and I don’t make that much after taxes. In addition, the little things add up and my small habits caused me to spend hundreds of dollars per month on worthless crap. I visited my dad last weekend and we talked about retirement. He’s made more than $100,000 per year for four decades, but doesn’t have any money saved for retirement. Difficult things have happened to him, but he’s still way behind. Luckily, he’ll retire on Social Security next year and should have about $3,300 per month. He says that isn’t enough money.

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Posted by David in Employment, Lifestyle, 2 comments

Get Paid What You Are Worth

Unfortunately, you will always be underpaid. Companies try to pay you the minimum salary that will keep you complacent. If you feel underpaid and make a stink, they may increase your salary by the minimum amount to make you complacent again. The thing is, I want to be compensated based on what I’m worth. I want to work hard, and build a life that I enjoy living. Unfortunately, your company may not agree with you. In the end, there are only 2 ways that you can increase your salary: complain to your management, or get a new job. Both can be daunting tasks. Luckily, given our modern society, both are much easier than ever.

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Posted by David in Employment, 0 comments

Zero Day Challenge February Results

Zero Day Challenge February ResultsFebruary is over, so I’ve got another Zero Day Challenge update! If you haven’t read about the challenge, check it out before you read any further. This month was very different than last month. My fiance moved to New York to start a new job. I spent a lot of capital building a bug-out bag. I received a bonus at work, and I’m in the process of leaving my job because you won’t make more money without changing companies. Although my expenses were higher, my bonus income mostly bridged the gap.

I also added a new page to track my overall savings and net worth progress for 2017. Check it out if you’re interested! I’m hoping to average about 4% net worth increase per month for a total net worth increase of 60% by the end of the year. We’ll see how I do!

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Posted by David in Zero Day Challenge Update, 0 comments

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