The post Millennial Money Acquired by MMG Media Group appeared first on Millennial Money. I’m excited to announce that I’ve re-acquired Millennial Money from The Motley Fool through my holding company MMG Media Group. This has been a whirlwind 20 months for me. While selling the site was a dream come true from a business exit and financial standpoint, it was also emotionally challenging. After selling Millennial Money for many millions of dollars, I was done with it. The reality is that most of what I’ve written about on Millennial Money I accomplished in my 20’s and now I’m 37. So in internet ..read more

The post How to Live Within Your Means for Financial Independence appeared first on Millennial Money. You’ve most likely heard this formula for financial independence: Live within your means by cutting your expenses, increasing your income, and investing the difference.  When you live within your means, you can break the paycheck-to-paycheck cycle, get out of debt, prepare for emergencies, and invest more for retirement. In other words, it’s crucial if you want to achieve financial freedom. Here are some tips and tricks to help you live within your means.  Why Is Living Within Your M ..read more

The post What Is the Financial Freedom Movement? appeared first on Millennial Money. This is how we are taught to live in America: You start your career and work really hard until you turn 65 and can finally retire. Work is how you define yourself. Most of your week (40-plus hours) is dedicated to your job for the majority of your time on earth. Let’s be real. That vision for your life is becoming outdated. The grim realities of the 9-to-5 grind are becoming too difficult to ignore. You work so hard that you don’t have time for the things you love: your hobbies, your family, your friends, your ..read more

The post Are You Selling Yourself Short? I Think I Am. appeared first on Millennial Money. I live in a beautiful house surrounded by trees. It’s peaceful here. I wake up and go to sleep when I want. I feel full and alive. I can feel myself expanding in ways that I never would have imagined. I thought this was going to be enough. That building a quiet life where I can do whatever I want would be enough. That having millions of dollars in the bank would be enough. That teaching others about money and writing an international bestselling book would be enough.  But lately, I’m starting to won ..read more

The post How to Live Off Interest Income appeared first on Millennial Money. Wondering how to live off of interest income and enjoy your golden years? For many people, retirement is a far-off, loosely defined concept. Far too many people simply can’t fathom the idea of exiting the workforce and living off of the interest from their investments alone. It’s not easy. But with the right strategy, a little bit of planning, and determination, it’s possible. Living Off Interest The main idea here is to build a portfolio that produces enough passive income to cover basic living expenses in retirement ..read more

The post Is Financial Independence Possible with Kids?  appeared first on Millennial Money. While it’s definitely more challenging to reach financial independence while having kids, don’t count it out. There are plenty of families who’ve reached their early retirement and independence goals. We’ll share some tips and tricks so this can become a reality for you too. Before we dive in, one of the more common pitfalls for prospective parents is to become discouraged by the projected costs of raising a child. The thing is, these common figures are not representative of most families. The numb ..read more

The post How to Become a Millionaire: A Step by Step Guide appeared first on Millennial Money. Many dream of becoming a millionaire, but few people ever achieve that status. That’s because if you want to make a lot of money, you have to work very hard for it and have a tremendous amount of discipline.  Yet by following the right strategy and making the right investment decisions, anyone can become a millionaire—yourself included. Let’s find out how! Top Ways to Become a Millionaire Diversify your income streams Minimize taxes Invest, invest, invest Avoid bad debt Slash your expenses Save ..read more

The post How to Become a Millionaire by 40 appeared first on Millennial Money. When you’re young, becoming a millionaire may seem like an impossible task. But it’s really not as hard as it seems.  Becoming a millionaire when you’re not born with millions is less about luck and fortune and more about discipline and making wise choices. This post explains how to become a millionaire while you’re still young enough to enjoy the money and live a great lifestyle. How to make a million dollars by age 40 Calculate your current net worth Maximize your income Put yourself on a budget Get into rea ..read more

The post How to Get Rich Quick appeared first on Millennial Money. When you first get introduced to the money world, you set a clear resolution: get rich — and fast. Now for the hard part: actually making it happen. Let’s explore how you can start raking in cash and have enough money to live a life of financial abundance. How to Get Rich Quick It’s a lot easier to get rich quick if you have a roadmap to follow. Here are my 9 best tips for getting rich quick. Set Clear Goals Discover Your True Value Start a Side Hustle Minimize Expenses Make Smart Investments Seek Residual Income Get Laser-foc ..read more

The post How to Retire at 50 appeared first on Millennial Money. Picture this: It’s 9 a.m. on a Tuesday, and you’re sitting down with a fresh cup of coffee to plot your next move in life: a retirement sabbatical to Europe to scout a new business opportunity. You’re young, you still have a decent amount of energy, and you’re retired at 50. If you think retirement is all about sitting in a chair watching television all day, it’s time to reconsider your approach. Retiring earlier in life can open doors and set you up to be much happier, healthier, and useful during your golden years. Truth be tol ..read more