A self-made millionaire shares her recipe for success, happiness and financial freedom
From the category archives:
‘Tis the season for buying, buying, buying. And then, if you’re like the typical consumer, you’ll spend the better part of next year paying, paying, paying for it! My suggestion? If you don’t have the cash set aside specifically for purchasing holiday gifts, then don’t do it. It really is that simple.
I know you worry [...]
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You are an individual. But you are also a member of a global community. Most important of all, you are a Consumer. As a member of this community, it is your DUTY to consume.
Why?
Because the system would collapse if you stopped spending and the consequences would be AWFUL. The system that runs your country relies [...]
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This is a guest post written by Todd Tresidder.
If the idea of accumulating a million dollars (or even half of a million) for retirement is daunting then consider this: for every $1,000 reduction in monthly retirement spending you will similarly reduce how much money is needed to retire by $300,000. That is a big deal [...]
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It’s been my experience that frugality can run the continuum from miserly to magnificent.
When I was a child, I never went a day without a nutritious meal or a warm bed. Still, I recall times when I perceived my family as poor. In the school cafeteria, I furtively slipped my free lunch ticket to the [...]
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In response to my last post, Would You Ditch A Car For $1,000,000?, a reader made the comment: “As a grad student in an urban area, I don’t have a car (nor could I afford one) and I use public transit. … I wish there was a “big ticket” item like that that I could [...]
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A study found that households with 3 or more cars are the single largest group among American car owners. The national average is 2.28 vehicles per household. Obviously, Americans are very much in love with the automobile.
According to the AAA, the average American spends $9,369, excluding loan payments, to drive ONE medium sedan 15,000 a year. In [...]
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Recently, I wrote the “The World’s Shortest Guide On How To Be Thin and Rich“. Here’s the how-to-be-rich part, in it’s entirety:
Spend less money than you earn (or to put it another way, make more money than you spend)
Invest in your future
That’s it! Truly, this is all it takes to achieve financial freedom.
Since the principles [...]
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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.
