The Money Habit Blog

What Percent Are You?

Reading Time: 1 Min   The last five years has put the spotlight on the division of the one percent and the rest of the country, the 99%. That’s a very important distinction when it comes to public policy, but it makes it very hard to take stock of your own progress when it comes...

Snapshot vs Stable State: Why Your Retirement Budget is Overinflated

Reading Time: 4 Min I read a lot of FIRE boards. And something particularly eye-opening is comparing the budgets of aspiring FIRE-ers with those of the actually retired. Most folks report that they actually spend less than they budgeted in retirement. Sometimes it’s less travel, sometimes it’s less eating out, and sometimes it’s less on an...

Staying Motivated At Your Job

  Reading Time: 5 Min   It’s the Monday after Thanksgiving and many of us are probably still nursing a holiday food coma and wondering how soon the December holidays will arrive. That makes it a timely opportunity to talk about the elephant in the room: your job. While we often talk about fancy techniques...

Several Thousand Dollars A Year: My 5 Favorite High Reward, Low Activation Energy Side Jobs

  Reading Time: 4 Min   Who doesn’t want to be bringing in more money? With your financial picture stable, any additional income can fall straight into savings, speeding you faster towards financial independence. The biggest obstacle when it comes to the idea of side jobs, though, is the time and money investment. Maybe you’re...

Happy Thanksgiving!

Reading Time: 1 Min This year has been a year of firsts for me, and one of the most exciting firsts among them has been starting The Money Habit. The Money Habit has been something I’ve wanted to build for a long time and it’s become one of the things I most look forward to in...

Proof Through Data: Black Friday and The Holidays Are a Mediocre Time to Purchase

Photo Credit: Steve Kohls Reading Time: 4 Min If you’re thinking about picking up some big ticket items this holiday season, do yourself a favor and keep your wallet closed. Turns out Black Friday deals – and subsequent holiday deals – often aren’t very good deals at all.   My Own Experience My first year...

You Can Pay Zero Income Tax In Retirement – Legally

  Reading Time: 3 Min Good news for you and your projection sheet. If you’ve been baking in income taxes in your retirement plan, you may actually be closer to retirement than you think. For most of our working lives, we generate a sizable amount of income. That bumps us into higher tax brackets for our...

Life As Art: Less Is More

  Reading Time: 5 Min   When people talk about their dream lives, many of them bring up expensive toys. Big mansions. First class international tickets. Giant swimming pool and personal chef. This is understandable. They look at the toys in their life right now and think “these aren’t making me very happy,” so they...

Easy Data: Your Blindspot When It Comes to Investing Advice

  Reading Time: 7 Min   Today’s post is about how data, as powerful as it is, limits the dialogues you see for how to invest your money and, more importantly, what to do about it. No one needs a post about how awesome data is. The most convincing argument for where to invest your...

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