Building Your Money Foundation With a Personal Financial Guidebook

Personal Financial Guidebook

I’m an estate planning attorney by day and one of the major things I do to protect my clients is help them to protect all of their assets should anything ever happen to them. One of the ways I do this is by helping them put together what I call a wealth planning spreadsheet. What in the world is a wealth planning spreadsheet you ask? It’s the framework behind my Personal Financial Guidebook, which I will introduce you to in just a bit. Essentially, the wealth planning spreadsheet is a tool that outlines every account my clients’ have, where they are […]

10 Personal Finance Bloggers that I Look Up To and Follow

personal finance bloggers

It’s been almost 2 months since I launched The Bearded Money Guy, and today I decided to take a moment to reflect on some things I’ve learned, as well as some of the personal finance bloggers that I’m starting to look up to and follow in the financial blogging space. First, I am amazed (in a pleasant way) at how generous, helpful, and kind many of the other personal finance bloggers are. This is truly a warm and helpful community. I wasn’t sure what to expect when I started, and this has been a remarkable surprise. Second, I’ve learned a lot […]

My Top 7 Personal Finance Book Recommendations

Favorite Personal Finance Books

I started reading personal finance books back when I was in high school. (I know, I realize I was a bit of a nerd). I always enjoyed math in grade school, and the compounding power of money was this new, amazing, fascinating topic for me. In addition, I grew up in a single parent household with my Mother, who was a guidance counselor at an elementary school, and two siblings. Needless to say, we never had a lot of money in our house and my Mother seemed to always be struggling with credit card debt. We lived in the suburbs […]

Mid-Week Roundup – August 9, 2017

I’ve been reading a LOT of financial blogs lately. Here is a list of some of my favorite recent posts, without too much commentary. Average Income in America: What salary in the United States puts you in the top 50%, top 10%, and top 1%? – Fun little article by Jim Wang at Wallet Hacks. Where do you stand? 50 Ways to Make Extra Money – David from Young Adult Money is doing some great stuff with his blog. This is just a recent article he posted on various ways to earn extra cash. Introducing the MMM World Headquarters Building – Mr. […]

What I Learned From an Interview with J.D. Roth (founder of Get Rich Slowly)

I’m fairly new to the financial blogging scene. When I first started The Bearded Money Guy Blog several months ago, I had no idea just how big the universe of personal finance blogs really was. Last weekend, I had the opportunity to listen to a LOT of financial podcasts while driving the 19 hours round trip from North Carolina to Cleveland and back, and one interview, in particular, stood out to me. Paula Pant and J. Money interviewed JD Roth on one of their early episodes of The Money Show (which is now the Afford Anything Podcast). As Paul and […]

What I Learned About Money From Our Road Trip to Grandma’s

Road Trip and Money

This past weekend, my family and I took a road-trip to my Wife’s Grandmother’s House, visiting with her and my brother’s family, who also lives close. It was a 9.5-hour car trip (one-way) from North Carolina to Cleveland – not a simple undertaking with three young kids in a Honda Odyssey. Today, as we prepare to head back to North Carolina, I thought I would reflect on a couple of the lessons I learned about money over the weekend. It’s important to set a budget for your trip (Even though it might be hard to keep) If you are going […]

Financial Snapshot – July 31, 2017

Financial Snapshot - July 2017

Here we are in the second installment of my monthly financial snapshot. If you missed last months report, you can click here to check out my first financial snapshot for June 2017. July was a big month for us, as we (my Wife and I) started to talk more about our finances and started to be a lot more aware of our money and how we were spending it. We decided to join Costco, which paid for itself on the first trip and has drastically reduced our grocery budget since. In addition, we canceled our home warranty with American Home Shield […]

5 Easy and Quick Ways to Grow Your Wealth Without Even Thinking About It

Grow Your Wealth

A few days ago I posted about whether you should focus your efforts on saving money or earning more money. Clearly, the best option is to focus on both. Widening that gap between income and expenses is the easiest and quickest way to start to build significant wealth. Today I wanted to share with you some ideas you can use to start to build that wealth without thinking about it too much. Start Tracking Your Net Worth Probably the best way to starting growing your net worth is to start tracking it. If you think about it, what’s the first […]

Should You Focus on Saving Money or Earning Money to Reach Your Financial Goals?

Earn more money

Since I started blogging about personal finance a couple of months ago, I’ve noticed two starkly different trends that blogs take, and I’m still trying to wrap my head around which is the better idea. Basically, there are two schools of thought when it comes to achieving financial independence. The first school of thought says that saving money (i.e. spending less, becoming more frugal, etc.) is the way to go. The second doesn’t talk so much about saving money but instead focuses on earning more of it. In this post I thought I would analyze the pros and cons of saving […]

My Grocery Bill is Out of Control

grocery budget

Sometimes I feel completely out of control… when it comes to the monthly grocery budget that is. I’m almost embarrassed to share the monthly number, it’s that freaking ridiculous. Before we go there, I should say that our family includes my Wife and me, and three kids, ages 7, 5, and 3. But even though we have 5 humans in our house, it’s not like our kids are eating us out of house and home… yet. But our grocery budget is still WAY out of control. It’s at the point that I feel like Ms. BMG and myself need to […]