income streams - coins in water

John writes in: Recently, you mentioned in this article that you’ve set up some additional income streams to the point “where any income stream can go away and it won’t really adversely affect my family.” — I’m curious to know what they are and how you’ve achieved that. I’ve been listening and reading up on multiple income streams for a few years now and from what I understand they are really hard to build for people with full-time jobs and …

Continue Reading

I have had a wild ride the past couple of years, career-wise. I went from making just $22,000 per year working in the mailroom of a Hollywood talent agency to making far more than that at my current job at a startup. Sure, I had to sell my soul and give up my artistic dreams, but that’s a small price to pay for a big raise, right? I joke about selling my soul, but it’s something I actually think about. …

Continue Reading

A little over a week ago, I responded to a mailbag question from Mary, who was struggling with the decision about whether to go on an expensive trip (that she could afford) with her ailing sister. She was worried about the long-term financial impact of this big expense and was weighing it against doing something with her sister that they had long talked about before her sister became too ill. You might want to go ahead and read the full …

Continue Reading

Knocking money off your grocery bill may not be easy, but it can be done. By using coupons, planning your meals, and shopping regular sales, it’s not that hard to whittle your food bill down a notch or two. Still, you can often save even more with a very basic technique: Reducing food waste. By eating leftovers, using up foods before they go bad, and repurposing everyday ingredients, you won’t have to buy as much at the store. Beyond saving money, …

Continue Reading

I recently read a great article by Peter Singer on the general topic of effective altruism entitled The Drowning Child and the Expanding Circle, which was originally published in New Internationalist. In the article, Singer’s primary focus is on personal happiness and whether helping others is aligned with it. The article contained a key quote that really stood out at me: “We live in a time when many people experience their lives as empty and lacking in fulfillment. The decline …

Continue Reading

If you’re searching for your credit score, you can put your wallet away, because you’re not going to need it. In recent years credit scores have become easier for consumers to access free of charge. Numerous websites give away free scores if you’re willing to read marketing emails from time to time. And, several large lenders and credit card issuers are also giving away free credit scores each month to their customers simply for being a cardholder. The free credit …

Continue Reading

What’s inside? Here are the questions answered in today’s reader mailbag, boiled down to summaries of five or fewer words. Click on the number to jump straight down to the question. 1. Term or whole life insurance 2. Inexpensive and free Kindle books 3. US banking for Canadian residents 4. REI dividend update 5. Landscaping question 6. Investing policy like business plan? 7. Applying for job at megacorp 8. DIY fermented foods cost effective? 9. Recommendations for bicycle commuting 10. …

Continue Reading

Remember the ’80s? The stonewashed jeans? Hypercolor t-shirts? The bad hair and cheesy tunes? Punky Brewster, Alf, and Garbage Pail Kids? If you were a child of the ’80s, you probably wore bright neon colors and tight-rolled your jeans. You watched VHS tapes and recorded songs off the radio with cassette tapes. Your first real introduction to technology was probably Oregon Trail or Nintendo. Heck, some of us wore jelly shoes and worshiped Pee Wee Herman. And that’s just if …

Continue Reading

From the moment we’re born, we’re taught that borrowing money is normal and, dare I say it, expected. From mortgages to car loans to $700 smartphones we pay for over 24 months, we’re taught to spread the pain of our purchases over the course of many months or years. Obviously, this mindset isn’t always bad. With housing prices surging toward all-time highs, taking out a mortgage is the only way most of us will ever own a home. Student loans can be …

Continue Reading

I am a huge advocate for making low cost meals at home. It’s been one of our biggest money savers over the past several years, trimming our cost per meal for our family well below $1 per meal, which means we can feed a family of five for about $400-450 per month, and we do it with delicious foods that we all like and still afford to eat out or get takeout every once in a while. A big part …

Continue Reading

Our Featured Contributors

Simple Share Buttons
Simple Share Buttons