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How a Side Hustle Business Can Get You to Financial Independence in 10 Years

August 9, 2017 By ESI 47 Comments

I've been writing about financial independence (FI) for many years now. More recently as I've dived deeper into the subject (i.e. retired and started a new blog) I've been considering the impact of a side hustle on FI. The bottom line: it's pretty significant. I thought I'd detail just how important a side hustle is so those of you out there working towards FI can … [Read more...]

Filed Under: Earn, Financial Independence

Peak Performers Can Earn More

June 1, 2017 By ESI 33 Comments

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...]

Filed Under: Career, Earn

Skills that Can Grow Your Career and Earnings

May 24, 2017 By ESI 16 Comments

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...]

Filed Under: Career, Earn

10 Ways to Generate Retirement Income

May 22, 2017 By ESI 56 Comments

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...]

Filed Under: Earn, Retirement

The Value of an MBA

May 1, 2017 By ESI 22 Comments

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...]

Filed Under: About, Career, College, Earn

The Value of Growing Your Career: A Real-Life Example

April 24, 2017 By ESI 39 Comments

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...]

Filed Under: About, Career, Earn

How to Grow the Value of Your Career by 50%

March 15, 2017 By ESI 22 Comments

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...]

Filed Under: Career, Earn

2016 Credit Card Rewards Review: Over $1,500 in Cash Back

January 25, 2017 By ESI 19 Comments

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...]

Filed Under: About, Earn

Three Simple Money Resolutions to Help You Prosper in 2017 and Beyond

January 4, 2017 By ESI 10 Comments

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...]

Filed Under: Earn, Invest, Save

Stop Acting Rich: The Relationship Between Jobs and Wealth

December 28, 2016 By ESI 16 Comments

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 … [Read more...]

Filed Under: Books, Career, Earn

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