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 […]

Why I Seek Financial Independence

Financial Independence

If you are reading this blog, chances are you are seeking financial independence. And everyone has a different definition of what financial independence means to them, and why they seek it. In today’s post, I wanted to discuss the what, why and how of financial independence, as well as share with you some insight about my background and motivations for seeking a lifestyle that will allow me to achieve the FIRE (Financial Independence Retire Early) lifestyle. Let’s start with what financial independence means to me. Also, I should point out that this post may contain affiliate links.  What Does Financial […]

How to Budget With Irregular Income

How To Budget With Irregular Income

How to budget with irregular income has been a question I’ve been asking myself for YEARS. I’ve been self-employed almost exclusively since 2005 and dealing with variable or irregular income, and how to account for it from month to month, has been a constant thorn in my side. Part of me wants to just suck it up and go get a job at a firm with a regular paycheck. Having a set amount of income each month would be a whole lot easier than the queasy stomachs I get at the start of each month, not knowing how I will […]

My YNAB Review – Using YNAB To Get Our Budget Under Control

YNAB Review

Many of you have probably heard of YNAB. Also known as “You Need a Budget“, this is a software program that will help you to get your finances under control and keep them under control… so long as you follow their rules. After using the software for several years, I felt it appropriate to post this YNAB Review. My Wife and I have been “using” YNAB for the past several years to help manage our personal finances. By “using” I mean entering transactions and monitoring cash flow. We barely looked at the budgeting part of the software, which meant that developing […]

The Ultimate Side Hustle… Starting a Blog?

The ultimate side hustle is, without a doubt, starting a blog. Whether you are a millennial who hates the thought of working for corporate America for 40 years, a stay at home Mom (or Dad) looking to generate some grocery money for your family, or just a burnt out lawyer trying to find a different way to support his family, starting a blog as a side hustle has become mainstream. And it’s easy to see why starting a blog is so popular. There are far worse ways to make extra cash – not all of them legal. And with more and more […]

5 Things I Learned From My Amazon FBA Business

Amazon FBA

I’m an entrepreneur at heart, and so it was no surprise to my Wife when I started an Amazon FBA business several years ago. What is an “Amazon FBA” Business? FBA is short for “fulfilled by Amazon”. What this means is that you purchase or “source” physical products, send them into an Amazon warehouse, and Amazon sells them for you. Amazon also ships the products, manages returns and refunds, takes payment, etc. All you have to do is promote your products and receive a deposit from Amazon every two weeks. This is a GROSS oversimplification of the process, but you get […]

How to Pay Off Debt, The Ultimate Guide

how to pay off debt

Are you in so much debt that you feel like you are drowning and don’t know where to start? The purpose of this post is to show you how to pay off debt fast, and then keep it gone forever. Earlier this month I shared my very first financial snapshot, and it showed a couple of things that were extremely eye-opening for me. First and foremost, we have a lot of debt, $198,458 worth, to be exact. This isn’t all “bad” debt. In fact, the vast majority of our debt is in student loans and a very small car loan. […]

Budgeting for Irregular Expenses

budget for irregular expenses

There you are, living your life, budgeting your spending, getting your shit under control and then… bam. It hits you like a ton of bricks. And no, I’m not talking about actual bricks. I’m talking about a bill (let’s call it an irregular expense) that only comes around every 6 or 12 months that you completely forgot about. So now what? Your budget is clearly busted. How do you budget for irregular expenses? What Constitutes an Irregular Expense? Before we discuss how to budget for irregular expenses, let’s take a step back and define what an irregular expense is in […]