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.
A lot of people dream of creating their own business. Not a lot of people act on it.
The thoughts around startup costs, the time commitment and the competition swirl in their heads until they are completely paralyzed. To combat the small business paralysis, I believe the budding entrepreneur should start off with an inspirational book. It’s a low-cost way (or no-cost way with the library) to take the first important step on your entrepreneurial journey.
Over the last 6 months, we’ve reviewed a lot of ways that you can win with money. We’ve discussed debt elimination, investment strategies and how to increase your income. And today, we’re going to review a topic that is important to a lot of people out there. We’re going to chat about how you can have a career you truly love.
Mortgages. Electric bills. Unexpected repairs. Owning a home can be quite expensive. Every day it seems like there is a new bill to pay or something to fix. Didn’t someone tell us owning a home was a great investment at one point in our lives? We are spending so much to maintain this “asset” that sometimes it doesn’t feel like it’s worth it.
I’d like to flip the typical script on costly home ownership and talk about ways that this asset of ours can make US some money.
Lately, the shows and interviews I’ve been doing have been focusing on decreasing your expenses and increasing your income. When we make improvement in these two areas, it’ll allow us to become experts in increasing our net worth and our opportunities for financial independence. Today, we’re diving into increasing your income through real estate.
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.
In May 2010, I married my dream girl. She was funny, beautiful and chock-full of 90’s TV trivia. Our first couple of dates consisted of a lot of Saved by the Bell and Seinfeld jokes.
Outside of knowing the Soup Nazi episode verbatim, Nicole and I both came into the marriage knowing the general basics of personal finance. You know, advice like:
- “Don’t carry a credit card balance”
- “Always have some savings for a rainy day”
- “Good debt is okay to have”