Here's an interesting piece from Kiplinger which agrees with what I've said several times about getting annual raises as well as working to grow your career. I wanted to highlight it because I get a lot of push-back from readers on the issue of annual pay increases. Many say it's simply not realistic to get higher than 3% raises consistently. Yes, it is. I've personally … [Read more...]
Skills that Can Grow Your Career and Earnings
After writing about how to grow your career earnings by learning to speak in public. I began thinking: what are the other skills that people can acquire that will grow their careers and help them earn more? After all, if public speaking increases your income potential by 50%, why not add a few others with pay bumps here and there? Sounds like a recipe for high earnings, … [Read more...]
10 Ways to Generate Retirement Income
In How to Retire on $1 Million or Less we discussed the 4% rule and whether or not it is a worthwhile guide for withdrawing assets in retirement. I also noted that people who have other sources of retirement income don't need to rely on drawing down assets as much as those who don't. What are those potential sources? I'm glad you asked! :) In this post I'll detail ten … [Read more...]
The Value of an MBA
In The Value of Growing Your Career: A Real-Life Example I mentioned that getting my MBA was one of the vital moves I made to grow my income. Separately, I was listening to an Afford Anything podcast about careers and the issue of return rate on various career investments came up. They were talking more about seminars, training, and the like, but the same principle applies … [Read more...]
The Value of Growing Your Career: A Real-Life Example
In the course of writing the follow-up post to How to Go from Zero to Millionaire, Part 1 I ran a boatload of numbers on Quicken (thankfully I have 22 years of data saved) and recorded my earnings by year (for the years I didn't have, I knew my first starting salary and estimated from there until I got to the point where I had data). I'll be continuing that series with part … [Read more...]
How to Grow the Value of Your Career by 50%
I ran into an interesting set of comments by Warren Buffett the other day that I found very compelling -- and just HAD to share them here. Buffett was talking to a class of college students at Columbia University in 2009. While there he discussed the value of a career. Of course he put the comments in terms only he can -- as an investment with a specific value. The Value … [Read more...]
2016 Credit Card Rewards Review: Over $1,500 in Cash Back
This post summarizes of my credit card rewards for 2016. In case you can't tell from the headline, it's good news. :) As a review, I've made over $12k in the past decade using cash back credit cards. It's not a fortune but it's extra money I wouldn't have had otherwise -- and who doesn't like extra money? I usually try to pay for as much as I can with a credit card … [Read more...]
Three Simple Money Resolutions to Help You Prosper in 2017 and Beyond
This is the time of year when people make New Year's resolutions, setting goals for what they want to accomplish over the next 365 days. I'm a big resolution-setter. Or more accurately a goal-setter. Every year I develop a list of goals I commit to over the next 12 months. Some are simple, daily habits and some are more complicated and will take the entire year. I do track … [Read more...]
Stop Acting Rich: The Relationship Between Jobs and Wealth
When I posted Stop Acting Rich Overview and Thoughts on Wealth, Habits, and Happiness I promised that I would follow up with some thoughts from Stop Acting Rich: ...And Start Living Like A Real Millionaire on jobs people have and how it impacts their net worth. This post will cover those subjects. There's lots to cover, so let's get started. High Income Doesn't Translate … [Read more...]
Millionaire Interview 3
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. At the end, I add some comments from the interview. My questions are in bold italics and their responses follow in black. Let's get … [Read more...]
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