Reviewing the New Release – “Financial Freedom” by Grant Sabatier

  This post is part 8 in Rockstar Finance’s latest “Traveling Book Review” where different bloggers each raise their hand to review a chapter in an upcoming book – this time: Financial Freedom. The idea is to start with the blogger reviewing Chapter 1 (Money is Freedom, in this case) and progress through to the end (Living a Richer Life – Chapter 14) – in order to get a good feel for what to expect in the new book.   This installment of the Traveling Book Review is centered around Grant Sabatier’s Financial Freedom: A Proven Path to All the Money You Will Ever Need.     Here’s a Financial Freedom chapter list to kick us off:   1- Money is Freedom 2- Time is More Valuable than Money 3- What is Your Number? 4- Where are you Now? 5- Next-Level Money 6- Is it Worth it? 7- The Only Budget […]

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How to Track Expenses – Methods That Work and Some I Hate

How to Track Expenses - Methods That Work and Some I Hate #personalfinance #expenses #tracking #budgeting #financialplanning

Team – Today we are fortunate enough to have another “Mailbag” post to share with you! Matt reached out a few weeks ago asking for some context about how to track expenses. I thought the question was a great one and because I had more than a few lines to write – I thought this made for a great Mailbag candidate post!   (Photo courtesy of Justin Montemarano)   I’ll let Matt set up his question about how to track expenses:     Hi Mike,     I just read your article from business insider. I related to a lot of aspects of your families story, and at the exact same spot in life. More exciting to me was the relatability of you and your wife’s approach to finances. I’ve been looking for a better way to track our families daily expenses, and I’m wondering what you use to track daily expenses?   […]

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Shout-out: The Most Important Pillars of our Financial Lives

Shout-out: The Most Important Pillars of our Financial Lives

Hello all!   Our Saturday morning shout-outs highlight a post/article/book/other that I’ve come across lately that deserves exactly that: a ‘shout-out.’ The goal here is to hopefully introduce my readers to other authors or bloggers that have had an impact on me, my writing, and my life.   This week’s shout-out is: The Most Important Pillars of our Financial Lives   Click here to check out the episode!   First off – I had a blast recording this podcast episode! Denis and Katie do a great job in their podcast of discussing some great financial topics and asking questions designed to elicit thoughtful answers. In this episode, we talked about a few of my “Financial Pillars for us Millennials” posts where I cover the most important topics that form the foundation of our financial lives.   But, if there’s one thing I love about podcasts, it’s that there are always […]

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Wins and Losses Series: My Early Retirement Journey – “I’m still a work in progress. Everyone is.”

Wins and Losses Series: Ellie from My Early Retirement Journey - "I’m still a work in progress. Everyone is."

Hi, Team!   Welcome to another edition of MikedUp Blog’s Wins and Losses Series, where we interview a generous participant about 4 of the best and worst moments of their life. The point? To learn from the past so that we can improve in the future!   If you’re interested in participating in the Wins and Losses Series, please send me a note here (you don’t have to be a blogger to participate!)     Check out the complete Wins and Losses Series Here   This week we have: My Early Retirement Journey (MERJ)!   MERJ is a single 30-something actively trying to leave the workforce on her own terms and figure out what exactly to do with her life. She writes a great blog over at My Early Retirement Journey and I’m stoked to share a small portion of her story with you here today! Take it away, MERJ: […]

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Why I’ll Never Consolidate Debt Again – But Why You Should

Why I’ll Never Consolidate Debt Again – But Why You Should #debtconsolidation #personalfinance #debt #networth

Have you ever considered taking an opportunity to consolidate debt that you have hanging over your head? Well, as I’ve written about extensively, we have more than a few thousand dollars in debt to our names, and consolidation is a tool we’ve considered using at multiple points on our journey.   But on the flip side, I’ve also heard more than a few horror stories about folks that consolidated their debt only to fall further into the hole they had dug for themselves… So today, I have an expert here to help educate us about the debt consolidation process – and when it may be an appropriate tool for you to pull out of that toolbox!   Joseph Hogue worked as an equity analyst and an economist before realizing being rich is no substitute for being happy. He now runs five websites and a YouTube channel on beating debt, making […]

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Why We’re Happy Taking a Few Extra Years to Pay Off Debt

Why We're Happy Taking a Few Extra Years to Pay Off Debt #SavingGoals #financialplanning #debt #saving

Guess what – Paying off debt at an accelerated rate can be harmful to your health… More than that, you may not be making the best decision for your financial future. “Why?” You ask – Being debt free isn’t the only mark of financial success. In fact, I’d argue that your saving goals can be significantly more important than being debt free…   Depending on your specific situation.     I met with our accountant last month, and throughout the first half of the meeting, I kept reinforcing a few of our current financial goals. “By throwing an extra $X at this loan, we’ll be able to knock that loan out 2 years sooner…”   I was focused on getting rid of a few of these debts we have as fast as we possibly could. And for a half hour, I lost sight of the bigger picture.   My accountant […]

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5 Articles That I Absolutely Loved Last Month

5 Articles I Absolutely Loved Last Month #roundup #personalfinance #personaldevelopment #family #retirement

This post is a guest curation for Rockstar Finance, the leader in selecting and sharing the best personal finance content. To get the top money posts delivered straight to your inbox every weekday, subscribe to the Rockstar Finance newsletter.   (Photo courtesy of MKulp Photography)     “Reading is to the mind what exercise is to the body” -Richard Steele   Alright, Team – Since the blog has seen some pretty awesome growth in August, a few pretty crazy things have been happening: I’ve been hearing from more readers through emails, blog comments, and social media messages about the posts themselves (which is awesome, by the way – thank you!), I have seen more doors open up to me that would’ve otherwise not been there (thank you again!), and I have been interacting with so many more bloggers in the personal finance community and beyond (thanks thirdly…?)!   And it’s that […]

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Debt as a Money Tool vs. Debt is the Devil – 2 Bloggers Duel!

Debt as a money tool vs. Debt is evil

I’ll get to my fight about whether to use debt as a money tool or to stay far-far away from all debt – at any cost – below. But for now, let me give you some context and catch you up to speed with a few current events. Sound good? Awesome!   I am happy to report that the blogging world has kept me busy lately!    MikedUp Blog has been picking up some momentum lately and it’s all thanks to – YOU! The readers who keep coming back, who share these posts with friends, and those of you that send emails, Tweets, and comment on my posts. THANK YOU!!! Truly.   THANK YOU!!! Truly. This blog has opened a few doors up to me that weren’t previously available and I appreciate all you’ve done to make that happen! Now, here’s what’s been happening lately:   One of my posts (How […]

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Shout-out: Adding 20 minutes to your commute is like getting a 19% pay cut (Jane Burnett)

Hello all! Our Saturday morning shout-outs highlight a post/article/book/other that I’ve come across lately that deserves exactly that: a ‘shout-out.’ The goal here is to hopefully introduce my readers to other authors or bloggers that have had an impact on me, my writing, and my life.   This week’s shout-out is: Adding 20 minutes to your commute is like getting a 19% pay cut by Jane Burnett at TheLadders.com.   With a seemingly constant rise in freelancing and ‘work from home’ gigs, I think we inherently understand that there must be benefits to such a job. In this article, some of those benefits are quantified. As Jane discusses, a 20-minute commute has the same effect on job satisfaction as a 19% pay cut would (that’s a negative, for those keeping track). The article goes on to uncover the reasons why a commute produces those negative feelings, however, us 20 minute-plus […]

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No, Not Everyone Needs a Budget (guest blogger – Dan)

This week, MikedUp Blog is attempting to answer the question, “What are personal finance bloggers collectively wrong about?” My contribution posted Tuesday, while Dan from Pennies and Dollars has provided his take below. Here’s a link to the intro post (from Monday) if you’re looking for more details. And as always, thanks for reading!   -Mike   The personal finance community is obsessed with budgets. And for good reason.   Budgets are the roadmap for our finances, and most people tend to go astray without a budget in place.   However, there’s a tendency in the personal finance community to deliver budget ultimatums. To be clear, not everyone is guilty. Some personal finance writers take a balanced and measured tone to budgeting. But I’m certainly guilty of budgeting ultimatums! I’ve stated in no uncertain terms that everyone needs a budget. And I know I’m not alone. The kind host of this blog […]

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