The Richest Man in Babylon by George S. Clason is a fascinating lesson in personal finance written in short, easy-to-digest stories. It was first published in 1926, but the classic parable style and timeless concepts about how to build wealth continue to provide value as if it was written today. Originally written as a series of pamphlets, the parables were eventually … [Read more...] about 7 Lessons from The Richest Man in Babylon: Build Wealth Like a Millionaire
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Personal Finance Statistics 2019: Shocking Facts on Money, Debt & More
There are all kinds of personal finance statistics floating around on the internet. It's easy to quote a financial statistic to support almost anything you have to say. In the past few years of researching personal finance, I've read A LOT of statistics. Some come from reliable sources, and some not so much. And many times, the source isn't even quoted - it's just assumed … [Read more...] about Personal Finance Statistics 2019: Shocking Facts on Money, Debt & More
Extra Income Report: How We Made $24,159 in May
Want to keep track of your finances? I recommend Personal Capital. It's more than just an expense tracker. It will help you set up a budget and keep track of your retirement portfolio and other investments too. Sign up for Personal Capital now and get an instant $20 bonus when you link an account! Welcome to the Wealthy Nickel Extra Income Report! Each month, I share all … [Read more...] about Extra Income Report: How We Made $24,159 in May
Rental Property Accounting 101 – A Simple System for DIY Landlords
I have been a real estate investor for several years now, and I can't think of a time when anyone has gotten excited about the topic of rental property accounting. I've heard many exciting tales of finding the perfect deal, or negotiating through an impossible situation, or the ever popular tenant horror stories. But if you start talking about rental property bookkeeping, … [Read more...] about Rental Property Accounting 101 – A Simple System for DIY Landlords
How to Create Your Personal Net Worth Statement (And Why You Need It)
"We're going to need a personal net worth statement..." That was what the loan officer said, as if it was the most obvious thing in the world. It was the first time we were trying to get a loan at a local bank for a property my wife and I were planning to fix up and sell. I panicked a little bit - what was a personal net worth statement? How was I going to come up with … [Read more...] about How to Create Your Personal Net Worth Statement (And Why You Need It)
