Pay Yourself First

Some Background

I first read about the “Pay Yourself First” concept in the critically acclaimed book, Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! (referral link), when I was about 22 years old and trying to get myself out from under all of my student loan debt, and just be more fiscally fit in general. I picked that same book back up about three years later to re-read it and gain some inspiration.

That’s exactly what I got.

Three years later, I had accomplished my debt goals.

Three years after that(today): I am 31 years old and 100% debt free with a “healthy” net worth. Continue reading “Pay Yourself First”

I’m a VP, and it’s for the Birds

About 11 months ago at work, I took the opportunity of a lifetime.

Vice President and Director of Information Security

A 12% increase to my already-solid six-figure salary (plus bonuses), an extra week of vacation. More power to effect positive change, and a department with an operation that needed exactly what I was designed (and held a proven track record) for: to build a high-performance team; well-documented and efficient operation; and to dig the department’s reputation out of a stinky dumpster. Continue reading “I’m a VP, and it’s for the Birds”

How to Get the Most Out of Your Paycheck

One of your most useful tools is cash flow, and in most cases this happens to be your paycheck.

It doesn’t really matter what your money goal is, cash flow is probably a key factor in achieving that goal.

Maybe you are paying off debt. Perhaps you are saving for a trip, or maybe you are saving up for an investment opportunity (that’s me).

So your success will depend largely on your ability to both MAXIMIZE the amount of that cash flow, and to MINIMIZE the costs associated with living your life. Today, I will focus on the minimizing costs related to pets, clothing, and eating out. Continue reading “How to Get the Most Out of Your Paycheck”

How Much Fun Money Should You Budget?

How much spending money should I budget

“Wow! That is also the toughest thing I’ve ever heard. I mean $25/month is not enough for me to go out eat somewhere or do anything fun.”

This was a reply I received on Facebook where someone asked the question, “What have you sacrificed to accomplish debt freedom?”

I posted to say that one of our sacrifices on our journey to paying off over $150,000 of debt was to give ourselves only $25/month each for “fun” money. This would include things like going out to eat, buying things we didn’t need, etc. Continue reading “How Much Fun Money Should You Budget?”