Many of you already know that I am a regular reader of the “Ask A Manager” blog by Alison Green. Recently, in an open thread, Alison dropped in a list of what she considers to be qualities of “coziness,” which is very important to her. You can find the list here: http://www.askamanager.org/2016/01/weekend-free-for-all-january-30-31-2016.html and just scroll down … More Investments make me cozy!
David Bach is a personal finance teacher who brought us the concept of The Latte Factor®. Bach asked that people look at their spending and see where their money is going. For example, if you have a habit of going to a coffee shop every work day and spending $5 on a latte, you’re spending $100 … More Recycle Bin: The Latte Factor®
In this seven-week series, we are using the book, “The 7 Habits of Highly Effective People,” by the late Stephen Covey, and applying it to the NDQ method and philosophy of building wealth. Habit 5: Seek First to Understand, Then to Be Understood Most people are self-centered in dealing with others. We have our ideas and … More Using the 7 Habits® to Build Wealth ~ Habit 5: Seek First to Understand, Then to Be Understood®
With everything I read, I aim to apply the message to saving and buying income-producing assets. Today I am reading Purple Cow: Transform Your Business By Being Remarkable by Seth Godin (2002). How can a book about marketing help us increase our wealth? Godin’s thesis is that while the first cow is interesting, the hundredth … More Wealth Building and the Purple Cow
What’s keeping you from buying income-producing assets and investing as much as you can save? I have looked at my own journey and developed this list of three fears that I believe hold all of us back from pursuing wealth-building opportunities that will free us from the rat race, give us greater security so that … More Three Fears Holding You Back
Pew Research Center released a report in December on how American’s view broadband services based upon surveys from mid 2015. As part of the survey, participants were asked about their TV services and to me, this is the most interesting and informative part of the report. Link to Pew infographic. The study found that 15% … More Are you in the 15%?
In this seven-week series, we are using the book, “The 7 Habits of Highly Effective People,” by the late Stephen Covey, and applying it to the NDQ method and philosophy of building wealth. Habit 4: Think Win-Win Our old way of thinking is that everything we do is a competition for limited resources. For every winner, … More Using the 7 Habits® to Build Wealth ~ Habit 4: Think Win-Win®
I have to say, being in control of your money feels great at tax time. I hire a professional to prepare my taxes and give me great advice for the next year’s strategy to reach my early retirement goal. This year’s appointment was, once again, a huge success for me. I cannot say it has … More Another Successful Tax Return
If you haven’t read the book, Stop Acting Rich: … And Start Living Like a Real Millionaire (2009), by the late Thomas J. Stanley, you should find it at your library and devour it. You remember the author’s best-selling book, The Millionaire Next Door (1996), where all the stereotypes of millionaires were debunked. The reality … More Book Review: “Stop Acting Rich: … And Start Living Like a Real Millionaire” by Thomas J. Stanley
The atmosphere at NDQ HQ this week is a whirlwind of paper when tax preparation is in full swing a few days before the appointment with the accountant. There’s excitement in the air and I am looking forward to the check up where we figure out how the past year went, work out which deductions … More Deductions, Reductions & Productions