Stop Living Paycheck to Paycheck
Taylor Boucher | Educating Ourselves to Achieve Financial Independence
by Taylor Boucher
4y ago
The concept of living paycheck to paycheck has an overwhelming and never-ending implication. But, it's a disempowering way of describing one's financial circumstances, as if you're just moments away from financial ruin with no hope of escape. As much as that may feel true, it's a perception issue. You can't afford not to save It's pretty easy to find ways to spend money, whether it's things you need or people you owe. If you showed me a hundred dollars, I could show you a hundred ways to spend it. The other day I was speaking to a friend of mine, they were complaining about a lack of savings ..read more
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It's Time to Start Investing in Yourself
Taylor Boucher | Educating Ourselves to Achieve Financial Independence
by Taylor Boucher
4y ago
You can't spend ten minutes on the internet, without running into an article about index funds, cryptocurrencies, peer-to-peer lending, or some other kind of investment opportunity. But, when is the last time you invested in yourself? Vote with your dollar, vote for yourself You've probably heard the phrase, "vote with your dollar." It implies that, because money is a limited resource, you'll spend your money on things that you value most. Shouldn't you be at the top of that list? Most of us don't have a long line of people waiting to invest in us. So, that leaves you, good ole' number one. Th ..read more
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Why We Keep Our Finances Separate
Taylor Boucher | Educating Ourselves to Achieve Financial Independence
by Taylor Boucher
4y ago
First of all, to each their own. If you and your partner prefer a joint account, that's fine. But, if you are like me, you'll find benefits in keeping your finances separate. It's not about commitment My partner and I have been together for just over ten years now. We started as roommates, friends, so keeping money separate at that point was obvious. I sent her rent money, and she sent me grocery money, whatever the case. As our relationship matured, unlike many of our married friends, we decided not to merge our finances. In full disclosure, we are not married, but we've been together through ..read more
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Entitlement Can Quickly Ruin Your Finances
Taylor Boucher | Educating Ourselves to Achieve Financial Independence
by Taylor Boucher
4y ago
As I progressed in my career, money followed. Not anything unreasonable, but a salary that could finally afford some of the things that I wanted. But, you know what they say, “more money, more problems.” In truth, I can't blame the money, it was a lack of preparedness on my part, to receive it. I didn't know anything about money as I never had any. I thought riches were reserved for successful people. Whenever I received a raise or a bonus, my lifestyle improved. I've never been an expensive car type, but a luxury apartment, you bet. And, I'm a shopper, so I bought clothing and accessories gal ..read more
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How to Outrun Inflation and Protect Your Spending Power
Taylor Boucher | Educating Ourselves to Achieve Financial Independence
by Taylor Boucher
4y ago
Whether you are afraid of investing, unable to financially, or do not understand the purpose. Know this. If your money is sitting in a bank account, earning little to no interest, you're losing money. Know your spending power Let's say you have a hundred dollars in the bank. Today, that's a hundred dollars of spending power. However, each year that money sits in the bank, not earning interest, its spending power is reduced by the amount of inflation. If inflation experiences an increase of 2% over a year, you would now have $98 instead of $100. Of course, your bank statement would not decreas ..read more
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I Want to Be a Millionaire and Financially Independent
Taylor Boucher | Educating Ourselves to Achieve Financial Independence
by Taylor Boucher
4y ago
Do you know that moment when you achieve your wildest dreams? Obviously, you weren't thinking wild enough. Growing up, anything was possible Growing up, I wanted to be an astronaut. No really. After that, it was a professional baseball player and then a secret agent. When I was young, anything was possible, nothing was too ridiculous. “You were wild once. Don’t let them tame you.” — Isadora DuncanFast forward several tens of years, I find that I'm holding myself back. Not some unknown enemy I must overcome, my own mind. How self-defeating. I am quick to criticize and ridicule every ..read more
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Saving The First Dollar is The Hardest
Taylor Boucher | Educating Ourselves to Achieve Financial Independence
by Taylor Boucher
4y ago
When we're born, our world is no larger than we can see or touch. Our mothers become our beginning and end. But, as we grow, our bounds become larger. Eventually, we're compelled to venture out into the unknown. Some of us find adventure at the edges of the earth, while others of us cling to our origin. But, none of us stands perfectly still. The world gets smaller with each adventure As a teenager, I went to a summer camp in Tulsa, 1,500 miles away. After high school, I backpacked across Europe for three months. My inevitable career allowed me to travel halfway across the world, to India, f ..read more
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Trifecta for Budgeting, Saving, and Spending
Taylor Boucher | Educating Ourselves to Achieve Financial Independence
by Taylor Boucher
4y ago
This trifecta will get you organized and saving while generating some rewards on your everyday transactions. Stop dumping your entire paycheck into one account, and put your money to work! One: You need a banking app with an envelope system Don’t dump your entire paycheck into a single bank account. I don’t care if you use Mint to analyze your spending, by the time you get around to looking at it, it’s gone - spent. You need to organize your money before you spend it, and give every dollar a purpose. First, make a budget for your fixed expenses. Use your envelope system to keep it organized ..read more
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Why Can't We Have Nice Things?
Taylor Boucher | Educating Ourselves to Achieve Financial Independence
by Taylor Boucher
4y ago
We're committed to financial independence. We've said goodbye to materialism, and the tyranny of expensive coffee! But wait, why can't we have nice things? Out-of-control spending I’ll confess, I love nice things; especially clothes. And, for a while, I was out of control. It started innocently enough. I wanted to redo my wardrobe for work. Then, clothing made its way into my regular budget. Slowly, it took more and more budget-share. At first, I wasn’t interested in high dollar items. I just wanted to replace my wardrobe with respectable business attire, to make a positive impression at work ..read more
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How to Repay Debts and Become Wealthier
Taylor Boucher | Educating Ourselves to Achieve Financial Independence
by Catherine k. Burke
4y ago
It requires no mention that you cannot be wealthier with debts lingering around your financial life. So, first of all, you need to get rid of your annoying debts. Let’s see how you can deal with your debts and take the first step towards becoming wealthier. Suitable ways to get out of debt Here are a few possible debt relief options for you, out of which you can choose the most suitable one or a combination as per your financial situation. But, before everything, you have to calculate your debts properly. Professional get out of debt options You can opt for either debt consolidation or debt se ..read more
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