My mission here at coachcarson.com is all about helping you become wealthy (aka win with money). Money is not the most important thing in life, but losing with money has the pesky issue of keeping you from doing the things that DO matter. So, in that spirit I want to share my guide to the best wealth building assets. You have probably read or heard [Continue Reading]
The True Cost of Regular Expenses: The Rules of 752 & 173
The concept of reaching financial independence where passive income fully supports your lifestyle is fairly simple in theory. Essentially you just increase your income, cut your expenses, and maximize your savings rate (see my article “Simple Math, Early Retirement“). But, as we all know and as I shared in “Destination Financial Independence,” simple concepts like losing weight, exercising, and [Continue Reading]
What Does it Mean to Be Rich? An Unusual Definition of Prosperity & Affluence
I’m ok with becoming rich and accumulating a lot of money. How about you? But, even though becoming rich is a reasonable goal, I also find the traditional definition of rich, i.e. to possess a lot of money, to be less than useful early in our money quest. It’s not that measuring how much money [Continue Reading]
Buy Assets, Not Liabilities
“You must know the difference between an asset and a liability, and buy assets…. Rich people acquire assets. Poor and middle class people acquire liabilities, but they think they are assets.” Robert Kiyosaki, Rich Dad, Poor Dad This is such a basic and important rule that’s missed by too many people, so let’s start with the [Continue Reading]