The Capsule Wardrobe Savings Effect

The Capsule Wardrobe Savings Effect

Last week we talked about how to cut your consumer spending by utilizing the used market to your advantage. We're going to continue the theme of decreasing spending by taking a hard look at an area in life where we can all cut back. The wardrobe. How many times have you stared at a closet [...]

Why Your Social Threshold Matters

Why Your Social Threshold Matters

The cornerstone of optimally managing your finances is learning to control your spending, saving and investing habits. Far too often these habits are heavily swayed by emotion, when instead they should be driven by logic. While we can never fully separate emotions from our decision making process, we can get a whole lot better at [...]

Shift How You Think About Spending

Shift How You Think About Spending

Being intimately familiar with where your money is going is an integral building block to reaching Financial Freedom. But as important as it is, I know a lot of high income earners who have little to show for it and no ability to tell you where all their money is going. They just know that [...]

Step 4: Live Below Your Means – Waaaay Below

Step 4: Live Below Your Means – Waaaay Below

Everyday you hear people talk about how we should all "live within our means". Yet 95% of people don't do it. That's why household debt ratios are at an all time high. But if you want to pursue Financial Freedom, even living within your means isn't going to cut it. You need to learn to live [...]