I have finally worked up the nerve to reveal my biggest budgeting woe — food and drinks. I am a sucker for a good dinner and drink session with friends and family, and my outlandish spending has gotten me in trouble in the past. Here’s how we are making changes.
We have a very exciting announcement at Millionaire By Forty! We formed a partnership with the AOL Finance Collective, a group of trusted voices covering personal finance, careers, small business, industry trends, and real estate. How did we go from having nothing to a business partner in less than a month? Here are the 5 steps we took to make it happen, and how you can too!
As I enter my 28th year of life, I am met with several new financial challenges, questions, and opportunities. One of the most daunting decisions we currently face is the biggest purchase that young adults take: buying our first home. But, with so much debt already, does it make more sense to take the plunge and buy a house, or continue to rent?
As several of you are aware, the entire goal of this blog is to chronicle the journey to having a net worth of $1,000,000 by my 40th birthday, which is February 12, 2029. That being the case, it is fitting to have an annual progress report to show how far we have come over the previous year. Well, today is my birthday! Because the blog is so new, this will serve as the inaugural edition!
I made a mistake. A big one.
There is a certain falsehood to the idea of “upgrading” one’s life and what that means financially. Once I turned 18, I finished high school and went to college — upgrade! Once I finished my bachelor’s degree, I went to graduate school — upgrade! Once I finished my doctorate, I got a job making $80,147 plus benefits — yet another upgrade.
Every time I had an “upgrade” in life, I thought that I deserved a higher standard of living. I thought to myself, “I worked hard to get here, so I deserve to have nice things. The world owes me a good life.”
But I soon learned, the world owes you nothing.