When I finally made the decision to put an emphasis on saving my money instead of spending it, I realized I had no real idea how to get started. I know I was getting the full 3.5% company match (on 6% contribution) in my 401k thanks to auto-enrollment. My dad started a Roth IRA for me some 12 years earlier, … Read More
Lifestyle Inflation Hit Us Hard
If I had been more conscious of the symptoms of lifestyle inflation in my early and mid 20s, this blog might be called Millionaires by 2025. Instead, I was stricken by the disease of lifestyle inflation and I didn’t even realize it.
Lifestyle inflation (sometimes referred to as lifestyle creep) is the process in which … Read More
Monthly Subscription Based Economy
Subscription based companies are growing from 5-9 times faster than traditional companies. Many traditional companies are now playing catch-up to regain some of the market share they have lost to these services.
DirectTV Now (Netflix)
Gillette Shave Club (Dollar Shave Club)
AMC Stubz (Moviepass)
And many more.
All of these traditional companies are trying to avoid … Read More
One of the best, early lessons I learned was to “Pay Yourself” before you did anything else with your income. My wife and I spent 6 ½ frustrating* years doing things the wrong way before wising up a little bit and actually putting money towards our future.
*Let me be honest: in the middle of those 6 ½ years,
… Read More