My Net Worth is Finally Positive!

Apr 26

Milestone Achieved!   It’s important to have milestones for every major goal. Obtaining a positive net worth is one of those milestones for me on my journey to financial independence. I went from $75,000 in student loan debt to a positive net worth in less than four years. At the same time, I’ve increased my base salary by 37% and cut my housing and transportation costs dramatically which will help compound my savings and net worth growth.   What’s Changed Now that My Net Worth is Positive? Although I’m still budgeting, I’m not obsessing over it like I did the first couple years out of college. It’s always good to have a road map, but it’s unhealthy to obsess over money each day for long periods of time. I’m at the point now where I don’t count pennies and I am able to grab wings with a buddy at the local pub without feeling guilty. Yes, many decisions like this on a daily basis would throw me way off track, but having a healthy social life is part of a fun and balanced life. Additionally, I’m giving in a bit to my inner desire to travel both internationally and locally. However, these trips are saved for in advance.   Does it Feel Different? To be honest, it doesn’t feel much different. When I formed my 2016 budget, I knew I’d have a positive net worth in April as long as I followed my plan. Although I’ve been over budget, the first few months of the year, it wasn’t enough to materially impact where I thought I’d be in April. This is why planning and budgeting is so important. Once the plan is set up, you become comfortable with your situation and the mental relieve occurs at the time you understand the plan, not on the day to day execution of it.   Conclusion It’s a great feeling knowing my plan is working and I am worth as much as I would have been if I would have just done nothing after high school. However, my future earnings power is dramatically greater than if I had done nothing. Although I have achieved this milestone, I still have a long way...

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How To Get Your Significant Other To Be More Frugal

Mar 01

It’s common knowledge that the number one relationship killer is money.

So how do you convince your significant other to be frugal in order to become financially free at an earlier age while still living happily ever after?

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New for 2016 – Gratitude through Charitable Giving

Feb 23

A common theme I’ve seen in many successful entrepreneurs, business leaders, and influencers is the concept of Gratitude.

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Thoughts on Discounted Gift Cards

Dec 29

Thoughts on Discounted Gift Cards

In the quest to find ways to save money, I recently tried a new way to save money on food and household items.

The primary ways I save money on these types of items is by making a shopping list prior to leaving and buying specific items in bulk.

However, in November, I finally pulled the trigger on using an idea I’ve been hesitant on and I’ll describe my actual experience with the process.

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How Much to Spend on Christmas Gifts?

Nov 30

How Much to Spend on Christmas Gifts?

Uh oh, here comes Mr. Grinch once again.

I know it’s the THOUGHT that counts, but that’s a load of BS for most of us, especially those that track their finances closely.

Some of you remember last year when Ms. Red to Riches called me the Grinch because I wouldn’t buy a Christmas tree (until I surprised her and bought one half off right after Christmas).

Well, Mr. Grinch is back again this year and wondering how much to spend on Christmas gifts?

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How to Stay on Budget when Grocery Shopping

Nov 10

How to Stay on Budget when Grocery Shopping

How do you know how much you are going to spend at the grocery store prior to checking out at the store? If you’re like me, it’s always more than you wanted to spend! So how do you stay on budget when grocery shopping?

I don’t know!

I have been spending more than my budget for groceries every single month for 10 months straight. In theory, I SHOULD be able to keep my food budget under $100 per month, but it keeps coming in anywhere between $120 and $200.

But, I am attempting to find the solution.

Introducing………. the Red to Riches Grocery Spending Estimator!

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