Becoming financially independent takes discipline, determination, and a lot of hard work. Adding unnecessary complexity doesn't help.
Debt does not allow you to buy things you couldn't otherwise afford. It simply lets you buy things sooner, in exchange for interest and added risk.
Don't waste time and energy on things that create an illusion of financial progress. Instead, make slow and steady steps toward wealth. One step at a time.
Learn how positive cash flow can have the same impact on wealth-building as hundreds of thousands of invested dollars by creating Disposable Income.
Find out how Conscious Spending removes guilt from buying the things that bring you joy, while simultaneously achieving your financial goals.
The global Coronavirus (COVID-19) pandemic won't last forever. When it is over, the first thing you should buy is an emergency fund.
Every year you should fully comprehend your income, separate recurring expenses from personal spending, and decide how much positive cash flow you want.
If you are going to spend 5 months paying off your Christmas spending, it is better to do it before Christmas instead of after.
See two examples that show why you should pay off your high-interest credit cards before you build your emergency reserves.
Find out how planning for Budget Cheat Days can combat the Abstinence-Violation Effect and Failure Cascades that sabotage your long-term financial health.