Transform from Starving Artist to Money Master

I am continually amazed with the amount of talent we have in our world. Designers, creators, entrepreneurs, artists, developers … These are people who push the bounds of what is possible to create a product, service or business that revolutionizes their respective field. While these folks might be masters of their craft, the creative class can sometimes lack the financial know-how to be masters of their money.

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5 Ways to Avoid Becoming House Rich and Cash Poor in a Seller’s Market

It’s home buying season! If you’re looking for a house right now, this very well could be one of the most difficult times to buy real estate. The amount of available homes is super low and prices have skyrocketed. In metro Detroit where I live, available homes have dropped 38% from last year to this year and prices have increased 9% already. As I googled other real estate in major metro areas, a similar story of low inventory and high prices spanned the country.

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Skip the Toy and Give the Gift of College

The cost of college is completely out of control. Every year, the cost to attend a 4-year university increases by twice the inflation rate. To put it in some more personal terms, by the time my 5-year old little girl goes to undergrad, we’ll need around $200,000 to make a 4-year in-state university a reality. Did I mention I have two kids?!

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What Our Mortgage Freedom Looks Like at 35

The home mortgage is quite often the largest expense in your typical annual budget. Since your mortgage eats up such a huge chunk of your monthly income, completely ridding yourself of it could be quite freeing.

My wife Nicole and I completely agree with this sentiment of mortgage freedom. We’re just not interested in having a mortgage anymore. So, we’re getting rid of it.

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3 Smart Alternatives to Loaning Family Money

Lately, I’ve been taking Uber and Lyft to the airport for my work travel. It gives me 40 free minutes to relax, work or have random conversations with the drivers. One recent chat with a Lyft driver reminded me that loaning family money can cause more harm than good.

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How to Get $126,000 in College Scholarships

When my daughter Zoey was born we met with a financial advisor to discuss her future college needs. He advised us that for Zoey to attend an in-state college like Michigan State University, we’d be looking at a price tag of about $200,000. 4 years of college would cost us $200,000!

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These 5 Books Will Skyrocket Your Net Worth

Earlier this year, I set a goal of having a net worth of $1,000,000 by the time I turn 40. What seemed like a lofty goal at one point in my life now seems decently feasible. I owe a lot of that success to the investment I’ve made in my education. And no, I’m not talking about college degrees (Go Green!). I’m talking about the small investments I’ve made in purchasing some of the most inspirational, eye-opening and motivating books out there on business, personal finance and professional growth.

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