DR 085: How Your Budget and Net Worth Statements Work Together to Build Wealth

Budget and Net Worth

Many people keep some form of a budget. We use our favorite budgeting tool, YNAB. Others use a spreadsheet or pen and paper. Whatever the approach, a budget helps you understand your income and expenses. Fewer people track their net worth. A net worth statement tracks your assets and liabilities. It’s the scorecard of personal […]

Published or Updated: July 12, 2014

DR 084: Where To Invest When You’ve Maxed Out Contributions To Retirement Accounts

401k

It’s a good problem to have. You’ve maxed out your 401k and IRA contributions for the year and you still have some more cash to invest. What are your options? That’s the situation a reader named Harout recently emailed me about: I am a little obsessed with your podcasts. I listen to about one a […]

Published or Updated: July 10, 2014

DR 083: How to Blog for a Living – An Interview with Bob Lotich of ChristianPF

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Have you ever wondered how professional bloggers get started and make a living? Blogs don’t just spring up overnight. They take months – even years – of hard work. But the work can be well worth the rewards, if you do it right. The best way to learn about starting a blog is to talk […]

Published or Updated: July 3, 2014

DR 082: How Much Should You Be Saving for Retirement?

Retirement Nest Egg

Exactly how much should you be saving for retirement? It seems that everybody has an opinion on this deceptively simple question. Actually, it is simple to answer, so long as you understand the implications of your choices. To address this question, we are going to look at the standard rules of thumb on retirement savings. […]

Published or Updated: July 1, 2014

DR 081: Take Control of Your Student Loans with Student Loan Hero (An Interview)

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Do you have student loans? Do you know someone who does? If you answered “yes,” then check out this interview with Andrew Josuweit, one of the founders of Student Loan Hero. It’s an excellent tool to help graduates organize their student debt, manage payments, and – hopefully – get out of debt faster. Topics Covered […]

Published or Updated: June 27, 2014

DR 080: How to Build Credit When You Are Just Starting Out (the Smart Way)

How to Build Credit for the First Time

It’s official. Credit scores are the most confusing aspect of personal finance. The FICO formula remains largely a mystery. And don’t get me started on the multiple versions of credit scores out there. By one account, you may have 49 different FICO scores, not to mention dozens of credit scores calculated using non-FICO formulas. So […]

Published or Updated: June 24, 2014

DR 079: HUD Homes–Saving Big Money with HUD Foreclosures

HUD Homes

If you are in the market to buy your first or next home, a HUD home could potentially save you tens of thousands of dollars on the purchase price. While buying a HUD Home can save you a lot of money, there are some things to watch out for. In this article we’ll cover the […]

Published or Updated: June 23, 2014

DR 078: Are Low Cost Investment Advisors a Myth? [Interview with Mitch Tuchman of Rebalance IRA]

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As regular readers know, I’m a big believer in DIY investing. One of my goals for this site, my free weekly newsletter, and the podcast, is to arm investors with the information they need to invest on their own. Some folks, however, will still want some help. For these folks, my goal is to promote […]

Published or Updated: June 18, 2014

DR 077: Teamwork for Your Budget – An Interview with Listeners Kate and Trevor

Podcast Listener Talk

One of the great things about producing a podcast are the emails I receive from listeners. Recently a listener named Kate emailed me about the 50-20-30 budget. One thing led to another, and now Kate and her fiancé Trevor are guests on the show. Kate and Trevor’s story was so inspiring that I wanted to […]

Published or Updated: June 19, 2014