Does Living Below Your Means Really Work? Unveiling the Truth and Overcoming the Obstacles

Living below your means is a foundational principle of personal finance.   At least that’s what you hear all the time from personal finance gurus and experts.   The concept is simple.  Make sure you spend less than you earn and save or invest the rest.   This will do three really good things.   First, it will keep

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9 Ways the Rich Are Different From the Poor [Observations From an Actual Millionaire]

In 1926, F. Scott Fitzgerald wrote that the rich are different from you and me.  Ernest Hemingway famously replied, yes, they have more money. I love this exchange because it captures perfectly the two competing views on money and those who have it.  There are those who believe that the rich have some innate quality

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How Stoicism Can Make You Wealthy: The Ancient Philosophy For Financial Success

Did you know that there is an ancient Greek philosophy that teaches how a deep commitment to acquiring knowledge and using discipline to master yourself and your impulses can help you conquer life’s challenges, especially when hard times come? It’s called stoicism and it has been adopted by famous philosophers, Roman emperors and modern day

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5 Huge Advantages for Minority Entrepreneurs [Incl. Programs Designed Just For Them]

Are you a minority entrepreneur looking to start your first business or elevate your existing one? You are in the right place. In this article, I am going to discuss five huge advantages that minorities enjoy as entrepreneurs (and links to resources that can help you implement them). I’ll also include a bonus advantage at

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Boring Businesses [7 Under the Radar Business Ideas That Can Make You Rich]

Boring businesses image of woman yawning

Are you a steely-eyed, no nonsense businessman (or woman) who cares more about bottom line profits than being glamorous, trendy or popular? Then starting a boring business may be the perfect money-making strategy for you. These are unsexy businesses that no one wants to get into and thus have low competition. And if you know

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Brick and Mortar Businesses [Examples, Profitability, Pros and Cons, and How to Start]

If you are interested in learning about brick and mortar businesses and what they have to offer, you are in the right place. Sure, online businesses have become increasingly popular, but sometimes a solid brick and mortar business is your best bet for reliable long-term success. Interacting with customers, earning their trust, and consistently offering

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How to Start a Brick and Mortar Business [Complete Beginner’s Guide]

With the emergence of e-commerce, online businesses have become increasingly popular, but sometimes starting a solid brick and mortar business is your best bet for reliable long-term success. After all, people will always shop locally for food, gas, and other essentials, and in many cases, there is no substitute for the convenience of a local

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Transportation Business Ideas That Work [Ultimate Guide with 30+ Ideas]

Collage of various trucking businesses

If you are looking to start a transportation business, but don’t know where to begin, you are in the right place. In this article, we are going to discuss 30+ amazing transportation businesses that you can start. We will group these businesses based on different kinds of transportation vehicles. We’ll start off with the biggest

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Want to Finance Rental Properties When Self-Employed? 3 Strategies That Work!

Being self-employed can be amazing. You are your own boss and don’t answer to anyone. It’s incredibly liberating and that’s a big reason why people leave their jobs to become self-employed. But you obviously lose some of the predictability that comes with having a “normal” job, like a steady income and benefits. Because you don’t

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Real Estate Crowdfunding vs. Rental Property Investing: Which Is Better?

Rental property investing has been around forever and is a tried-and-true way of making money in real estate.  Real estate crowdfunding is the relative new kid on the block, but is taking the real estate investing world by storm. Which is better?   Real estate crowdfunding is the better investment strategy if you want a passive,

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Investing in Rental Properties Through Your Self-Directed HSA

You’ve probably heard of Health Savings Accounts or HSAs by now.  They are a benefit offered by some employers to help their workers pay for qualified medical expenses in a tax-advantaged way.   HSAs are perfectly suited for their main purpose, which is saving money when paying for medical costs.   But that’s not all they can do.  There’s

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Investing in Small Multifamily Properties: The Goldilocks Investment

Small multi-family properties can be great investments because they combine some of the best features of apartments and single-family homes into a balanced investment that can generate strong cash flow, diversified income, and scalability, while remaining affordable and easy to finance. This chart demonstrates why they are the “Goldilocks” of rental properties: Features   Apartment

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How Can I Start Investing in Rental Properties? A Step-By-Step Guide

Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. Andrew Carnegie Real estate can be a terrific investment and has been a proven path toward long-term wealth.  There’s a reason why so many people throughout the years have found

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3 Ways to Invest in Private Equity [For Non-Accredited Investors]

SpaceX and Instacart are just a few of the incredible private companies in America.  Many are poised to generate incredible profits for their shareholders.  The only problem is that you normally can’t buy into these types of companies unless you are an “accredited investor.”  More on that later, but an accredited investor is basically a

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How to Make the Most of Your Flexible Spending Account (FSA)

Want to get a big tax break on common everyday expenses? Check out the Flexible Spending Account.  FSAs can cover medical expenses (Medical FSAs), daycare and other dependent care costs (Dependent Care FSAs), and even commuting expenses, like parking fees and public transportation costs (Transportation FSAs).   Using your FSA can save you a lot of

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