Begin Your Journey to a Better Financial Future

Begin Your Journey to a Better Financial Future

This guide will teach you how to build a strong financial future, as quickly as possible, using easy to understand language, examples, and visuals. You will walk away knowing what you can do to make the biggest impacts with the least amount of effort.

The financial world may be intimidating, but the most important factors in creating a better financial future are quite simple.

What Are the Most Important Factors?

Whether you’re looking stop living paycheck to paycheck, get out of debt, become more financially secure, save money for retirement, or seeking the freedom to live your best life: start by saving money while leading a rich life and see how you can make more money

Once you’re spending less than you’re earning, pay off your debt (which costs A LOT more than you think) and make your money work for you!

Due to the incredible power of compound interest, investing as little as $500/month can make you a millionaire and your kids can “earn” over $50/hour. See what it will take to reach your own financial goals and use the right type of investment account to save hundreds of thousands of dollars.

Where Do I Start?

Start with the first post (Live Your Best Life) and use the “next post” links at the bottom of each post to follow the guide outlined above. Or, use the collapsible Table of Contents or FAQs to jump around to the ones most pertinent to you!

Table of Contents for Journey to a Better Financial Future Series (Click to Expand)

Live Your Best Life: Ever wish you had the freedom to pursue your dreams and passions and live your best life? To be able to explore the world, learn new things, embark on adventures, help others, and make the world a better place without the daily 9 – 5 grind holding you back?

Save Money While Leading a Rich Life: Understand the true cost of things and aligning your spending with your priorities to get more value out of each dollar you spend and lead a richer life.

How to Make More Money: Learn about five ways to make more money: invest, negotiate a raise, change jobs, increase your level of education, or pick up a side hustle.

The Formula for Building Wealth: The principles for building wealth are simple: spend less than you earn, and invest the rest! See your financial future and make investing automatic.

Debt – It Costs A LOT More than You Think: Learn how debt works against you, how much richer avoiding debt and investing monthly payments instead can make you, and how to pay it off.

Making Your Money Work for You: Learn how investments work, what he best investments for goals are, and how to maximize your return while minimizing your risk.

The Power of Compound Interest: See how small investments can grow to huge sums given enough time, how much to invest to become a millionaire, and how a teenager can “earn” $50/hour.

How Much Should I Save for Retirement?: Explore three different approaches to retirement (traditional, FI, and pretirement) and use a simple too to figure out how much to save to reach your goals.

How Choosing the Best Investment Account Can Earn You Hundreds of Thousands of Extra Dollars: Learn about the different types of investment accounts available, their benefits, and how much choosing the right one can save you.

FAQs

What does a Better Financial Future even mean?

This depends on what you’re looking for and where you’re at in your journey. Is the burden of debt weighing you down? Are you living paycheck to paycheck and looking to build up some savings for financial security? Are you hoping to be able to enjoy retirement? Or are you looking to take it even further and to live your best life without having to worry about how much you’re making at your job?

Are you peddling some kind of get-rich-quick scheme? Or criticizing avocado-toast purchases?

This is not a get rich quick scheme, it will require patience. It may take some lifestyle changes, but it’s more about optimizing your life than making sacrifices. Put your money to work, and let time and the power of compound interest do most of the heavy lifting.

What makes this possible for those of us who don't earn a ton of money?

There are definitely life events, not choices, that make this journey much more difficult for some than others. If you can find ways to spend less than you earn, with the power of compound interest, even small sums of money can grow very large given enough time and a decent growth rate on your investments. These tips on how to make more money may also help.

That's great, but I don't have any money to invest

Isn't building wealth and investing complicated?

While the lifestyle changes may take some effort, don’t let the the complicated jargon of the financial industry scare you. The concept is simple: spend less than you earn, avoid/pay off debt, and invest the rest.

How much should I save for retirement?

See this post.

What else can I do to get ahead?

Follow the info in the making your money work for you post to maximize your returns, and choose the best type of investment account for huge tax savings. If you’re still looking for more, check back for additional posts, which will be occasionally added to the next section, or subscribe to receive email updates when a new post is added. You can also check out the resources page for other recommendations. Always be learning!

Additional Finance Related Posts

The series above are the biggest things you need to know, but if you’re still curious to learn more, check out the following posts. New posts will be occasionally added over time. You can also subscribe to receive email updates when a new post is added.

Additional posts coming soon…