I’m a Financial Coach and mother of three. 👪 I’m often asked how I’m teaching kids about money — specifically my own kids! But first — why I’m so passionate about finance and investing: My husband and I also became millionaires in our 30s through basic investing (index funds + tax-advantaged accounts like 401k, Roth …
Teaching Kids About Money: A Financial Coach’s 6 Best Ways Read More »
My general outlook on insurance: Insure ONLY what you CANNOT AFFORD TO LOSE. During graduate school, My husband and I took a life-changing personal finance class that started our journey toward (Financial Independence). Among other things, we learned the most cost-effective approach to insurance: “SELF-INSURE” everything you CAN afford to lose (e.g. extended warrantees on …
Why we bought Term Life Insurance, but not Apple Care Read More »
Cash planning helps you evaluate not only your monthly expenses (often evaluated in budgeting), but also helps encourage you to start saving for irregular expenses and long-term goals. This will allow you to more confidently INVEST MORE. Is CASH PLANNING the same as BUDGETING? Some budgeting software includes cash planning (like YNAB). Some budgeting software …
Money Fasting is the best way to become debt-free, build an emergency fund, get on track for retirement, and move toward financial freedom. Many of us fall into lifestyle inflation due to the impulse to buy more expensive homes, cars, and vacations — even if we’re not on track for our long-term financial goals. A …
What Is Money Fasting? Your Start To Financial Freedom 💸 Read More »
Let’s talk about how to save money FAST – with over 100 ways to save money. But I can tell you the #1 most important step to saving money: Having a plan. This way, you’re not just SAVING money, you’re MOVING money toward your financial goals. I created the Million Dollar Plan — a savings …
How to Save Money FAST – 100 Ways to SAVE MONEY 💸 Read More »
Check out the latest Retirement Contributinon and Income Limits on the IRS Retirement Page
Do you know how to calculate your Financial Freedom Number (or Financial Independence “FI Number”). Do you know your savings rate — the key to Financial Freedom? 💸 What is Financial Freedom (Financial Independence)? Do you have to Retire Early? First of all, what is Financial Freedom aka Financial Independence (the “FI” of the “FIRE Movement”: …
How to calculate your Financial Freedom Number and Savings Rate 🔥 Read More »
Now that I’m making $1,000+ a month from blogging, I feel like I can start making some recommendations for anyone who wants to make money blogging. By the way, if you want to hear from someone who makes over $800,000+/year with a recipe blog, check out my interview with Amy from House of Nash Eats. My …
How I make money blogging – Top 4 Ways I Make Money Read More »
How much should I save for retirement? (Calculate your “Monthly Retirement Savings Needed.”) So far in the Money Fit Challenge, you have already calculated your net worth. Before we zoom into details like a monthly budget, I want to take one more chance to look at the BIG picture — your “WHY.“ WHY do you …
How much should I save for retirement? Get on track today! Read More »
Learn how to calculate your net worth. Tracking your net worth can improve your finances because it will motivate you to spend less than you earn, invest the rest, and avoid/payoff debt. These three strategies are the “Simple Path to Wealth” laid out by JL Collins. That’s the formula my husband and I used to …
