I need more time.
Wow, how many times do you say that a day, each week, every year? What would you do if you had more time in every day?
People love Part I of Finding Your Happiness Quotient. But, their response is always this: I don’t have time. Therefore, I [...]
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What makes you happy?
Simple question, isn’t it? But do you know what makes you happy every single day? The little things and the big things?
The Happiness Quotient was born one day when I was sitting on my sofa amongst the packing boxes in a newly rented one bedroom apartment, down from [...]
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Organize your life around what makes you happy.
This may seem like a terribly bold statement in this world of instantaneous communication, work demands, and continuous soccer practice, but it is really the point of life.
If you are happy, you are much more valuable to the people around you. When you are passionate about the [...]
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The two extremes of money-styles (consumer and accumulator) can be broken into six distinct types.
These six types are pictured in the graphic below. The bars represent your total net worth, the difference between the market value of what you own minus what you owe. There are a lot of different definitions of [...]
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This is the third in a series of articles on how to earn to invest. The previous article is an exercise teaching you how to keep more of your next million.
Your money-style is the cumulative result of the relationship between your time and your money.
We all consume stuff at some level: lodging, transportation, [...]
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This is the third article in a series about how to earn to invest. The second article is Keep More of What You Earn.
You keep more of your next million by doing these three things:
Holding your cost of living steady.
Capturing good fortune as productive assets.
Reinvesting the passive income (Options 2).
Alternatively, you could spend [...]
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This is the second article about How To Earn to Invest. The first is, Separate Your Finances from Your Profession.
Being “financially independent” doesn’t necessarily equate to being “wealthy.”
The vaunted goal of being a “millionaire” just doesn’t get you the same economic power that it used to.
In 1967, a modest annual return of 5% on [...]
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Once you decide to earn to invest, you can take three steps to make that attitude a habit.
Start by separating your finances from your profession. (This post.)
Then, plan to keep more of what you earn. And, do this exercise about keeping your next million.
Finally, get a grip on your money-style.
Step 1: Separate Your [...]
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When you earn to invest, you replace your habit of earning to acquire stuff with earning to invest in your own financial independence. You dump leaky bucket thinking and focus on gathering many healthy, self-sustaining and growing sources of income in addition to your job.
The word sustainable is very popular right now.You see it [...]
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Somewhere in the 1980s, we became a nation of spenders. The average savings rate as a percentage of disposable personal income from 1952 to 1985 was 9.0%. In 2005, it dropped to -0.4%.
After some adjustments to the 2005 numbers to make them reflect the paycheck cash flows of an everyday person, I estimated [...]
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Dana Kunz