Good morning, money nerds! Today I thought we could play a little game called “How do your finances compare to the average American’s?” Below I’ve gathered 10 money statistics about the average U.S. household’s finances. And while this data has no actual effect on your personal situation or trajectory, it’s still fun to see how you stack up. I’ve also showed my own
Family Finance
How I Went Mining and Made My Wife’s Unique Engagement Ring (The Best $1,390 I’ve Ever Spent)
Inside: See how one guy used a bit of creativity and elbow grease to create a one-of-a-kind Montana sapphire engagement ring. Last year we did a post about engagement rings and held a few competitions for the cheapest ring, the most expensive, the oldest ring, and funny marriage proposal stories! (winners were announced here) I also promised to share the story about my
Would You Accept a Car as a Gift? Asking for a Friend …
Hypothetically, let’s say you know a guy who owns a 2010 Prius. The car is mechanically reliable, fully paid off, and lightly used. Then one day, this hypothetical guy gets a phone call from his wife’s parents ... They want to buy him and their daughter a new car, free and clear, as a gift. This gift car would be larger than the Prius, have more modern and awesome features,
The “Great Wealth Transfer” Has Begun …
This article is about The Great Wealth Transfer. But before we get to that, a quick hypothetical question to help me explain why this is so important ... What would happen if you took all the money in the world and split it up evenly across all the people in the world? Let’s say there’s $360 trillion in ‘wealth’ floating around the world right now, and we divided it up
6 Ways My Parents Taught Me Financial Independence
Want to teach your kids financial independence? Here's how mine did! “Hey Mum, this is my friend Daniel from school.” “Nice to meet you, Daniel, and welcome to our home! Joel, do you want to wash the dishes, hang the laundry, or vacuum the house?” “Ah, Mum... Daniel came over to play. Can I pleeeeease skip my chores today?” “Nope. If you live in this house, you must do
Investing With Family … the Good, the Bad, the Meh
Are any of you guys investing with family members or co-owning any assets with siblings? Like partnering on rental properties, businesses, and joint estates or lending them money? I’m not talking about your spouse or significant other … I mean investing with siblings, aunties and uncles, your parents or kids. I’m curious to hear your experiences and if you recommend it as a
Getting my wife on board with the FIRE lifestyle
[Happy Friday! Please enjoy more backstory on our man Joel who will be taking over the blog here shortly! See you back on Monday for one last week of hanging out together! :)] ******* It’s a common question in the personal finance community … “How can I get my partner on board with Financial Independence?” Tough to answer, because everyone’s relationship is a little
A *FREE* Legacy Binder on the scene!
Morning, y'all! So many of you know how much I LOVE Chelsea's "ICE" Binder she put out the other year ("In Case of Emergency" Binder) - aka Legacy Binder - that houses all the things someone would need to know about you/your finances/family/estate/etc in the untimely death of you or your significant other, so naturally when I saw this note come my way I immediately perked
6 More Ideas For Y’all
Mornin'! Here's a bunch more ideas for ya'll I've collected from around the community... Sadly no naked men in there for you, but you're welcome for that picture up there 😂😂 Let me know if you end up trying any of these out! ****** Framing the "art" your kids do on your walls! A reader sent this one in and it's HILARIOUS!! From
A Christian’s Perspective on Debt-Free Living
[Morning! Please welcome to the site today, Larry Thomas, who shares his financial recovery going through Dave Ramsey's baby steps program. If you can believe it this was actually a *comment* left in response to our post on 6 things Dave Ramsey is Wrong About, but had to share it here in the form of a blog post as I thought it made for an excellent counter-perspective. Here's
