It is impossible to build wealth without positive cash flow. No matter what your income, if you spend more than you make, you will always be broke.
Emergency Fund: How to Calculate Exactly How Much You Should Save
Absolutely everyone needs to have an emergency fund. But how much is enough? Learn how to calculate the exact amount you need to set aside for a rainy day.
Top 10 Personal Finance Articles in 2020
See the 10 most popular Personal Finance articles from Practically Independent in 2020. Find out what others were reading in this incredibly challenging year.
2 Personal Finance Rules of Thumb to Eliminate Debt and Build Wealth
Learn two personal finance rules of thumb to take control of your two largest expenses: housing and transportation. Don't get over-extended!
The 12 Steps to Eliminate Debt and Build Wealth
Learn the 12 Steps that will help you eliminate debt and build wealth. Start by building a foundation, then a routine, and finally, a legacy.
The Undetailed Budget: the Best Tool to Take Control of Your Money
Detailed budgets are too complicated to be useful. That's why you should start with an Undetailed Budget to eliminate debt and build wealth.
How to Decide Which Debt to Pay Off First
Learn which debts to pay off first and which to make minimum payments on by using a combination of the Debt Snowball and Debt Avalanche methods.
The 10 Differences Between Money Coaching With Me and Dave Ramsey
Learn the difference between the Practically Independent plan and the Dave Ramsey Baby Steps. Then you can decide which works better for you.
The Four Pillars of Personal Finance
Success in Personal Finance comes from four pillars: spend less than you make, have emergency savings, diverse investments, and rebalance.
Becoming Financially Independent is Hard but it should not be Complicated
Becoming financially independent takes discipline, determination, and a lot of hard work. Adding unnecessary complexity doesn't help.