Category: Master Your Money

How to Build Wealth and Still Have Your $3 Coffee

We all want to be wealthy, however, we’ve been duped into believing that the only way to get there is through savings. We give you some pointers that teach you how to build wealth that extends beyond the savings account and enters the realm of investing and conscious spending. Oh, and did we mention you can still have your $...

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What is Passive Income?

You may have heard the term passive income before and asked yourself: "Is this something I could actually do?" By now, you are well aware that living your Rich Life is not about just making enough money to last until next Friday: Indeed, you need to start thinking bigger and more long-term. While this could mean asking ...

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Should I Buy a House Now?

With 10.1 million people out of work, why is the housing market hotter than it's been in years? In December 2020, the median sales price of an existing single-family home was $314,300. This represents a 13.5% increase from the prior December and is also the highest median price range for a December on record. If so ...

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Love and Money: Combining Finances After Marriage

It’s no secret that money talk is considered taboo, even in modern times. You’re more likely to bump into a neighbor and get into a heated discussion about the latest in politics. Or to a good friend, divulge some personal things you and your partner discovered on the romantic front. But money? Nope, no. Heck no. ...

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How to Close a Credit Card

If you believe that the first step to managing your credit is to simply close one or more credit cards, think again. Unlike the advice offered by Alec Baldwin and Ben Affleck to young salespeople, you should most certainly not always be closing! (Millennials: Baldwin reference is to Glengarry Glen Ross; Gen X: Affleck reference is to Boiler Room) ...

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Negotiate Your Credit Line Increase Like a Boss

A credit line increase is a terrific tool to improve your financial standing and experience life in HD. But there are rules. Not the kind of rules that will force you to walk across burning coals or recite the constitution. Rules that will allow you to apply for limit increases at the best possible time for the best possible rewards. ...

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How to Choose a Credit Card

Credit cards can be a great tool for improving your finances. Knowing how to choose a credit card will set you up for financial success for years to come. Table of Contents: The 4 rules for choosing a credit card How to choose between different types of cards Travel vs. Cash Back 4 rules for choosing a credit card: With ...

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Conscious Spending Plan: How to Budget by Looking Into the Future

So, you’ve been thinking of drawing up a brand new budget to reign in your spending. But there's a problem. You start a new budget with the best of intentions only to forget to follow through or you simply get annoyed with it. Maybe you’ll try again next month, right? The cycle goes on and ...

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Build Financial Health With Your Own Money Rules

Traditional budgets are for the birds. The word alone (budget) often harbors fear, laziness, and confusion. No one should have anxiety about ordering an appetizer at a special dinner or investing in a gym membership. Of course you need a spending plan, but we've come to realize it's never one-size-fits-all. The key to building financial health is yes, to give ...

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The Best Mutual Funds

Mutual funds can be an option if you’re looking for actively managed funds that are low risk and fairly diversified. When compared to index funds, though, there’s a clear winner. With mutual funds, you have to pay a higher expense fee. That’s because the fund is actively managed by fund managers. But with index funds, the fees ...

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