Become financially independent
Today’s question comes from Stephanie. She asks:
“How do I create the “passive income streams” everyone always recommends to get to financial freedom? From what I’ve seen, the people recommending the multi-stream approach have many of those streams just based on conveying that message.”
I saw an ad in the back of a magazine once for how the government was practically giving away cars seized from drug dealers. Like any other teenager I wanted my own...
Today’s question comes from Holly. She asks:
“I’m a 31-year-old graphic designer who’s been working for herself for more than a year now. Working independently has forced me to come to terms with a lot of bad financial decisions in the past, along with the renewed ability to set good habits for the future that keep me in control of my money.
Right now, managing my money with variable income often leaves me frustrated. My first year was...
Today’s question comes from Mercy. She asks:
“How do I turn a small amount of money into big money?”
I get some form of “How do I get rich?” question every single day. So here, I’m going to tell you how to get rich. Most people approach it like this.
1. Save $100 a month.
2. Cool, I got this. Now let’s try $200 a month.
3. That was totally hard and it took me a year....
Today’s question comes from Gabrielle. She asks:
“I constantly feel like I’m not putting my money in the right place. How much should go towards student loans? Savings? 401(k)? When do I start investing? It feels so vague.”
In my early 20s my big goal was to buy a house. Of course, I liked the fancy condos downtown that went for $200,000. To come up with $40,000 for a down payment seemed delusional because I barely made more...
Today’s question comes from Sarah. She asks:
“I know I need to prioritize my values on my journey to financial freedom. How can I make this possible when I have huge cases of FOMO (Fear Of Missing Out)?”
You can have one marshmallow right now, or two later.
You see, in the 1960s, a Stanford professor named Walter Mischel conducted an experiment with hundreds of four- and five-year-olds.
Here’s what his team of researchers did.
They brought each kid into a...
