I've talked several times about how your career is your most important financial asset. Given this, you want to treat your career like other major assets. You want to grow it, of course. But just as important is protecting it. That's why I wrote Career Insurance: Protecting Your Most Valuable Asset. One of the best ways to protect your career, but also one of the … [Read more...]
28 Ways to Create Extra, Passive Income
Today we're finishing up some thoughts from Passive Income, Aggressive Retirement by Rachel Richards, which I think should have been titled "How to Become Financially Independent by Creating Multiple Streams of Passive Income". Haha! If you missed parts one and two about this book, check out Passive Income, Aggressive Retirement and Five Categories of Passive Income and How … [Read more...]
Five Categories of Passive Income and How to Evaluate Them
Today we're going to continue with some thoughts from Passive Income, Aggressive Retirement by Rachel Richards (which I highly recommend BTW). If you missed part one of my thoughts on this book, check out Passive Income, Aggressive Retirement. BTW, I think a better title for the book would be "How to Become Financially Independent by Creating Multiple Streams of Passive … [Read more...]
Passive Income, Aggressive Retirement
Every once in a while, I hit the jackpot. I've read a TON of money books -- far more than I've featured on this site -- and most are not worth much IMO. Many are just plain terrible, offering mediocre advice at best. Others suggest basic money tips we all learned in third grade. Personally, I think so many personal finance books are bad because the authors are just … [Read more...]
Three Career Resolutions to Make You Millions
Ok, I'm guilty! Not only am I posting one New Year's resolution article (the first was my "12 books" post), but I'm now publishing a second one! What gives? Well, I'm adding several guest posts I've done for other sites on ESI Money and this one just happens to work for this time of year. Plus, I can't have too many "make more money at your career" posts, can I? I … [Read more...]
Side Hustle Interview 10
Here's our latest interview with a side hustler! As you know, I love creating a side hustle as part of a fast-track path to financial independence because it can make a huge difference (see this financial calculator), enough to actually get you to FI in 10 years. If you have a side hustle and would like to be interviewed, shoot me an email and we can talk over … [Read more...]
Seven Small Things You Can Do to Grow Your Career
One foundational principle of my personal finance perspective is that your career is your most important financial asset. If you don't believe me, take an average salary (or one you expect to earn), and multiply it by 40 working years (the length of an average career). Compare that number to all your other assets. Is there anything even close? Probably not. Also look … [Read more...]
Three Top Resume Tips
Several months ago, a friend recommended I give reddit a try. He said there was lots going on at the site and I would enjoy it. "Enjoy" was not the first word I thought of when he mentioned it. I think I was more in the "fear" camp initially. But I eventually overcame my concerns, joined reddit, and spent a couple months trying to get into the flow of how things worked … [Read more...]
Five Times My Career Went Sideways and What I Learned from It
I worked for 28 years before I retired. During that time I was quite successful. I became a VP just after I turned 30. I won numerous company and national awards. I delivered great business results and thus my career advanced quickly. This allowed me to grow my income by over 8% annually. Eventually I became the president of a $100 million company with 800 … [Read more...]
How to Make the Most of Cash Back Credit Cards
Ever since I started posting how much I earn with cash back credit cards (here's my summary for 2018) I've gotten regular requests about this card or that card, this strategy or that strategy, etc. So I decided to create one large post (this one) on why and how I recommend using cash back credit cards. Then when someone asks about them, I have a place to point to. … [Read more...]
