Debt Free Living

The only true way to get out of debt, stay out of debt, and achieve financial freedom is to improve your cash flow. Improving your cash flow simply means increasing the spread between income and expenses.  Increasing this spread allows you to have more cash on hand so that you can pay down debt, increase savings, and take advantage of money making opportunities. So the question becomes, "How do I increase my personal cash flow?"There are a lot of different approaches.  You could start by asking for a raise or picking up extra hours at your current job.  You could also consider starting a side hustle to make more money.  But, in general, you’re likely to find that it’s easier to get ahead by cutting expenses and living below your means and then ... [Read More]

Most people are familiar with the term "emergency fund."  But what is it exactly? Simply put, it's money that you set aside to pay for…you guessed it, an emergency!   It may not be rocket science, but it is a practical way to keep your financial goals on track. In fact, keeping your financial goals on track by having money saved for unexpected expenses is the entire purpose of the emergency fund.  It’s not an investment, and it’s not a nest egg for retirement. Instead, it’s a pool of money that protects you from overextending your credit and ruining your money goals when life happens. Roofs leak, kids get sick, and people get laid off from their jobs. Setting up an emergency fund helps you to weather the storms of life, especially ... [Read More]