My best tip for increasing your net worth!

My best tip for increasing your net worth!

Are you interested in increasing your net worth? Well me too! I believe the best way to increase your wealth is to measure it. How often do you hit a goal that you aren’t measuring? I know I haven’t hit too many goals that I’ve never been tracking. So if you are wanting to build your wealth you need to start tracking it.   What are you doing to build your wealth?  

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How we paid off $57,000 in student loan debt!

Paying off student loan debt isn’t fun but it’s worth it! If you are drowning in student loan debt and want to learn how to get out of the student loan nightmare please take this advice. Emily and I graduated with $57,000 in student loan debt and we were able to pay it off in six years all while cash flowing two master programs. I remember when Emily and I were both sophomores in college thinking about how fast would be able to pay off our student loans. We thought it would be super easy because each of us would be making at least $30,000 a year when we graduated. We were

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How to stay focused on your debt free goal!

Do you want to get out of debt? Have you had trouble in the past when you’ve tried to get out of debt? I did to in the beginning. Once Emily and I decided to commit and focus on achieving are debt free goal we saw results. Here is how we stayed focused during our debt free journey.  Emily and I had been trying to get out of debt since 2009, it felt like a long time, and it’s a long time. We didn’t become fully committed to getting out of debt until May 2015. This commitment stemmed from us

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How to not go crazy following Dave Ramsey’s debt free plan!

Is Dave Ramsey’s plan driving you crazy? If you’re following Dave Ramsey’s plan you may have become frustrated with his show, as well as how long it’s taking you to get out of debt. Especially if you’ve been trying to get out of debt for years. I know I started to go crazy during the last year of paying off my house. That’s why it was time for me to unplug.  I’ve been following Dave Ramsey consistently for about three years now. But I’ve truly been following his plan for approximately the last 19 months as I paid off my

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Getting out of debt? Start a business to earn extra money!

Starting a side hustle is great for extra income Ok, if you’re looking for a side business to get out of debt I highly recommend choosing a business you can create on your own terms. This is what my wife and I did in order to earn extra income. For the longest time I was searching for part time jobs that I could pick up in order to earn extra cash. But the issue was always time constraints. In addition, I wasn’t interested in earning $10 or less for my part time income. I wanted to earn more money and have flexibility in

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When will my debt be paid off?

How do I know when my debt will be paid in full? There are a number of great websites and apps that allow you to calculate when you’ll be debt free. Using these calculators are great because they can show you the difference between using a debt snowball or paying the highest interest rate first. In addition these calculators will let you know the exact day your debt will be paid off. Knowing the date of freedom provided me with a great focal point to strive for. These calculators helped provide me a light at the end of this debt

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What is a debt snowball?

What is a debt snowball? A debt snowball is simply paying off your loan with the smallest outstanding balance first while at the same time making only minimum payments on all other loans. Once the smallest loan is paid off you apply what you were paying to the first loan to the next loan and so on and so forth until all your debt is paid in full. Any extra money you receive will be dedicated to paying off the debt at the top of the list. USE THIS CALCULATOR TO FIGURE OUT YOUR DEBT SNOWBALL Example of how you

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Should I use a debt relief service?

Should I use a debt relief service? I vote no on this one. The issue with debt relief services is they do not fix the root problem that caused you to get into debt. In order to win with money you have to take control over your own finances, by changing your habits. Everyone knows not to get into debt, especially credit card debt. But it happens anyways do to the habits we create. By using a consolidation service you’re fixing the symptoms and not the cause. You plan to use one anyway If you do decide to work with

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How to create your first Budget!

Lets Create Your First Budget! If you want to take charge over your finances a budget is key. Don’t think of a budget as a restricting measure, because its not. A budget is just a blue print of where you want your money to go. It’s a list of your priorities, thats it. This is a living document you can change it as the month progresses. It took me three months before I was able to successfully project my monthly spending. I’m going to walk you through my favorite budgeting app, Everydollar.com. If you want to find a different one please click

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Tracking your Net Worth will make you rich!

Want a tip on growing your Net Worth? I’m obsessed with monitoring my net worth. That is I’ve been tracking it monthly for the last three years. I believe the constant attention has helped in it increasing over the years. Its just like anything else in life, if you give it attention you’ll see improvement. Because as I made purchases throughout the month I always had a voice in the back of my head saying, how will this affect my net worth when I punch it in at the beginning of the month. If you have ever tracked your calories it

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Donnie and Emily’s Debt Free Journey

Donnie and Emily’s Debt Free Journey First Married Mine and Emily’s debt free journey began when we got married in June of 2009. We went to Hawaii for our honeymoon maxing out our credit card at $5,000. When we came back from our honeymoon we knew we had to pay it off quickly. At this time in our life Emily was the only one working full time making $42,000 a year as a nurse. I was still going to school for my bachelors in political science. My income came from student loans, the Army National Guard, and part time painting.

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Dave Ramsey’s 7 Baby Steps

I’ve been following Dave Ramsey for the last 5 years. My wife and I have been able to payoff all our student loans and our mortgage using his steps. I believe in what teaches for several reasons. His steps are actionable and focused. Following his steps you know exactly what to do next. Every step you complete is creating a better life for you and your family. Always remember there are many ways to financial independence on the income side, but there is only one way to be financially “independent” and that is having independence from having no debt. Here

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I paid my mortgage off in 19 months and you can to with these tips!

If you’re in the market to buy a house and you want to pay it off early follow these simple steps. Do not buy a house until all your other debts are paid off! This one step is tricky to do because we want to have everything now. But if you wait to move into a home when you’re 100% debt free the house is more enjoyable. If any issue arises and you need to fix something in the home you’re in a financial position to take care of it. Also, if you get into a house and you still

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