Category: Debt

Passive Income Streams: January 2018 Report

This year has started off quickly and it has been hard to focus on my goals. We had an unexpected event in January, which derailed a lot of my goals and the weather has really been messing with our family schedule. Sometimes it just feels like all you need to focus on is the next …

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Why We’re Broke (And How to Fix It)

According to a new report by the Federal Reserve Bank of New York, total debt reached a new peak of $12.96 trillion in 2017’s third quarter — $280 billion above the previous 2008 high (and we all know what transpired around that time, almost 10 years ago). And with that, credit card debt also went up another …

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How to Stop Living Paycheck to Paycheck – Passive Income

In 2008 I read Robert G Allen’s “Multiple Streams of Income“, and it laid out a pretty descriptive picture of living paycheck to paycheck. Are you one of those people? Are you struggling just to make the minimum payments on your credit card? Are creditors calling you every day? Have you looked at creating a …

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Passive Income Streams: December 2017 Report

2017 is now in the books and boy what a year it has been. I think most people can agree that almost all asset classes have risen this year, and it has been extremely productive for our passive income streams. This year I set out some lofty goals and was able to make over $13,000 …

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Why I Got Out of Debt…Then Got Back in 2 Months Later

A 5 year goal was finally realized – walking into the bank with my wife and proudly signing the paperwork to pay off the remaining balance of the home mortgage. Years of my wife and I donating her paycheck to the cause, saying no to some of the finer things, and getting a little lucky …

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Passive Income Streams: August 2017 Report

This past month has been focused on my monthly goals and writing them down. I had a record total 19 goals listed to accomplish in August and accomplished 12 of those goals. That is a big deal to me because I’ve broken a lot of my yearly goals into the smallest measurable unit (and added some …

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Student Loan Repayment Strategies Based on Financial Standing

Without a doubt, getting a college education is expensive — perhaps costlier than at any other time in recent history.  In fact, the national student loan debt stands at 1.4 trillion dollars, and this number continues to grow at an alarming rate.  While many graduates are able to meet their financial obligations, others have a …

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How to Create a Debt Snowball

I wrote about the debt snowball 7 years ago to the day and thought it may be useful if we reposted it again as it was (and still remains) one of the most important systems I used to get rid of my debt. The debt snowball was made popular by Dave Ramsey and has many …

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Passive Income Streams: Apr 2017 Report

Much like the month before, April came and went. It is amazing, if you aren’t intentional with your days and hours, how the month can just slip past you so quickly. Last month I really focused a lot on accomplishing some of my primary goals. I worked hard on controlling my eating, and getting good …

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