“I only earn enough to make the minimum payment on my loans.” “My boss doesn’t pay me enough, so I can’t save a dime.” “I’d love to quit my job, but I don’t think that’s realistic.” The Naysayer Brigade makes statements like the examples above — statements that give power to their bosses and the economy, while…
Several weeks ago, I invited new email subscribers to share their answers to two deeply personal questions: What’s your wildest dream, and what’s preventing you from getting there? The answers poured in to a degree I couldn’t believe. My Inbox flooded with hopes and sorrows. Some people shared brief-but-honest answers; others wrote memoirs. People from all walks of life…
This article is Part 4 of The Airbnb Series. Before you read this, check out Part 1, Part 2 and Part 3. Almost one year ago, I took the crazy leap into becoming an Airbnb and VRBO host. Since then, I’ve earned $28,268.35. I’ve met some fascinating people from around this world. And yes, I had…
Myth: Wealth comes from living below your means. Fact: Frugality is the first step, not the last. I’d like to tell you about one of the most interesting couples I know. They were apartment-dwellers when we met, and I don’t mean the New York City variety. Their dark, musty apartment festered in an area where land is plentiful and square footage is cheap, where apartments are…
Five years ago, a Canadian woman named Sarah embarked on a series of life-changing steps. She moved 215 miles away from her hometown. She returned to college (after initially failing a few courses) to finish her degree. After graduation, she landed a cushy job with a pension and plenty of benefits. She got engaged. They bought a house….
This recent reader email struck a chord: I’m a software engineer trying to plan my plunge [into freedom]. I’m young, so I figured I would grind it out, save a lot, and retire early. But after a health scare, I realize mini-retirements might trump early retirements, and I want to achieve a lifestyle similar to yours. …
There are Conformists, and there are Rebels. The Conformist Majority says: “I have a 30-year mortgage, a 20-year second mortgage, a 10-year student loan and a 5-year car loan.” “I’ll pay the minimum, and hold those debts for 30, 20, 10, and 5 years. After all, why deprive myself while I’m young?” Worse, they’ll ask: “How…
“I’m scrounging dollars to fill my gas tank. I don’t make enough money to save. At the end of the month, there’s nothing left.” If this feels like you, gear up for a radical shift that will change your life. Last month I announced the One Percent Challenge, a quest for Afford Anything Rebels that can turbocharge…
Last year I blindfolded myself, threw darts at a list of stocks, and bought the first 10 that I hit. I let them ride for a year and showed you the results. This year I’m embarking on a ploy that’s a tad less crazy, but far more heated: I’m competing against 19 financial writers in a…
“A blindfolded monkey throwing darts at a newspaper’s financial pages could beat most experts.” Princeton professor Burton Malkiel uttered that slam against Wall Street stock traders back in 1973. He claimed that despite their fancy-pants degrees, professional traders can’t predict the future any better than … well … a blindfolded monkey. His book around that topic became a…