Jobs in cities like New York and San Francisco offer higher salaries, but the high cost of living quickly erases any of those benefits. In order to afford an expensive city, you need to beat their high cost of living. The average salary in San Francisco was $86k 2018, and the average salary in Minneapolis was $62k. Here's their relative spending power using NerdWallet's … [Read more...] about How to Beat a High Cost of Living
Budgeting & Savings
6 Easy New Year Financial Resolutions
The new year is a great opportunity to improve your finance habits, and these six finance resolutions will set your year up for success. Here are six easy finance moves to include in your new year resolutions. All of these moves will take just a few minutes each, and could save you a serious amount of money. Get Your Credit Score Your credit score is easy to track, … [Read more...] about 6 Easy New Year Financial Resolutions
Stealth Wealth – How to Hide Your Riches
Stealth wealth became famous after The Millionaire Next Door was published. Many imagined that millionaires drove luxury cars and lived in glamorous homes, and it turns out the opposite was true. This makes sense conceptually. By not spending money to flaunt their wealth, people save more money to become even more wealthy through the powerful effects of compounding … [Read more...] about Stealth Wealth – How to Hide Your Riches
How to Increase Your Credit Score
A high credit score is one of your most valuable assets, and needs to be fiercely protected. Knowing how to increase credit score your credit score helps you borrow more money, pay less interest, and score credit cards with high bonuses. To learn how to track and improve your credit score, let's break down each section of my personal credit on Credit Karma. Hard Inquiries Hard … [Read more...] about How to Increase Your Credit Score
How Anybody Can Achieve Early Retirement
The FIRE movement (financial independence, retire early) has sparked a lot of controversy. Many have written that there's no way to early retirement if you aren't making a six figure salary or come into a huge inheritance. Despite the backlash, the math shows that anybody can retire early. You just need to start as soon as possible, and save at least 20% of your income. Top … [Read more...] about How Anybody Can Achieve Early Retirement