A self-made millionaire shares her recipe for success, happiness and financial freedom
From the category archives:
I’ve been receiving emails lately from people asking questions like:
“Is the stock market experiencing a true recovery or is this just a bear market rally?”
“Do you think we’ll see a V, W, U or L shaped recovery?”
“Should we expect deflation or inflation?”
“When will my house be worth as much as I paid for it?”
“How should [...]
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I made contingency-free, cash offers on three different houses this week. I used recent sold comps (comparables) and price-to-rent ratios to calculate a reasonable price.
All three listing Realtors refused to present my offer to their sellers “because my bid wasn’t close enough to their asking price”.
Even though Realtors are legally required to present all offers, sometimes [...]
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Rebecca commented:
I enjoy these posts – thanks for adding a voice of reason given the vast propensity to imagine the solution to the problem is doing more of the thing that caused the problem. We’ve collectively been telling ourselves the same stories so long it’s hard to ram home still that they *are* just [...]
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My question has to do with the timing of buying (a home), especially in the current market. I would like to know from your perspective when a time to buy might be. I’m not asking for you to predict a date, but rather I’m interested to know what indicators and trends you might look at [...]
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As the current lease on our rented condo rolls towards the end of the contracted dates, some of our friends are asking us, once again, when we plan to stop renting and buy our next home. When I share my findings that renting is still cheaper than owning in our town, some suggest we “should” [...]
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A reader asks, “Our family needs to move to another state soon because of my husband’s job transfer. But homes for sale in our area are sitting on the market for a long time. We have enough in savings to cover a couple months of mortgage payments after our move, but after that, our unsold [...]
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Known to the blogosphere and on national TV as “The Millionaire Mommy Next Door”, Jen Smith went from earning minimum wage as a graveyard shift donut and coffee pusher to financial freedom as a self-made millionaire by age 40. Jen bootstrapped half a dozen small businesses while working from home in her pajamas. She learned how to invest in the stock market and in herself. Her story is more than a rags to riches story, it's a rags to a rich life story.
Now Jen is on a mission to inspire and empower others through financial education so they too can enjoy the life they want to live. Jen freely shares her recipe for success, happiness and financial freedom via writing, blogging, speaking and coaching. As part of her commitment to community, Jen pledges her blogging revenue as 0% microloans through Kiva.org to small businesses operated by working, impoverished women in developing countries.
