In How to Ignore the Basics of Personal Finance and Still Become Rich I addressed those who say it's "easy" to become wealthy if you have a high income. I pointed out that income and net worth are not correlated, as many assume. In other words, it does not mean you'll be wealthy simply because you have a high income. A few sources to support this line of thinking include … [Read more...]
Archives for February 2019
Retirement Update: Two Years and Six Months
It's been two and a half years since I retired! Where has the time gone? I'll tell you where it's gone -- into fun, relaxation, and enjoyment! LOL!!! For those of you who are sticklers, yes, it's actually been two years, six months, and five days. But who's counting? ;) Since my retirement day I've given an update every six months just to let everyone know how it's … [Read more...]
Millionaire Interview 116
Here’s our latest interview with a millionaire as we seek to learn from those who have grown their wealth to high heights. If you’d like to be considered for an interview, drop me a note and we can chat about specifics. My questions are in bold italics and his responses follow in black. Let's get started... OVERVIEW How old are you (and spouse if applicable, plus how … [Read more...]
How to Become Financially Free
This past summer I spent some time with Grant Sabatier, the founder of Millennial Money. I must say, I was impressed, something that's not easy to do with me. We chatted about his book that was to come out in February and he gave me a copy. I read it over the next several days and then had to sit on it for a few months until it released -- which is now … [Read more...]
15 Easy Ways to Make Extra Money in the Gig Economy
As most ESI Money readers know, I am a big fan of developing side hustles, primarily because they can get you to financial independence much faster than without them. That said, some people don’t want the time and hassle commitments sometimes associated with developing your own business. So when Uber Eats offered to host a sponsored post about making some extra side … [Read more...]
Self-Reflection: A Critical Step Before Really Pursuing Financial Independence
You all know what a fan I am of the book The Millionaire Next Door and the impact it's had on my life (for further info on it see my review and my list of the only five money books anyone needs to read.) You also know that I loved the update to the book, The Next Millionaire Next Door (see my review for details). I've run an excerpt from the latter book (see The … [Read more...]
