Saving Money by Meal Prepping
While cooking meals at home might not always be the best decision from a cost-benefit standpoint (some dishes take a long time to make and restaurants can take advantage of economies of scale), a great thing to do is to bulk meal prep for your weekday meals. You will save money by eating out less…
How to Build a Side Hustle
Approximately 1 in 20 working people have a second job or side hustle. Some have these out of necessity, and some have them in order to secure extra spending money. This section is aimed at the folks who are interested in increasing their income to increase earnings after getting all of the value out of…
How to House Hack
If you’ve ever thought about buying a house and renting out one or two of the rooms to help cover the cost of the mortgage, then you know exactly what house hacking is! The concept itself is straightforward: buy a property and rent out a portion of it to recuperate some or all of the…
Key Lessons from Buying My First Home
I bought my first home at 25 years old–without help from my family. Looking back, it was a huge risk that I am not sure that I would take on even now, 4 years later. I was encouraged by a friend, who was into real estate, to purchase a home to house-hack (see the How…
Prioritizing Health
Healthcare is one of the fastest rising costs right now, far outpacing the standard inflation rate. While the typical CPI based inflation rate averaged around 2.6% since 2000, medical care costs averaged 3.4%. While that might not seem like a large difference, over a 24 year period medical care costs rose 121% while normal goods…
12 Financial Mistakes to Avoid
Financial freedom is like trust–it takes years to build and an instant to ruin. Building a financial foundation takes persistence, sacrifice, and dedication, but a single bad decision can set you back years or even decades. Here are some financially debilitating decisions that a lot of people don’t think hard enough about. Keep in mind…
Personal Finance for Young Professionals 