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Improve Your Financial Health Archives - RUN THE MONEY
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Category Archives for Improve Your Financial Health

This Is Why You Want To Be A Non-Conformist

be a non-conformist kevin hong

Do you consider yourself a non-conformist? If not, do you have the desire to be a non-conformist?

Either way, according to Kevin Hong, author of The Outlier Approach: How to Triumph in Your Career As a Nonconformist, that's not necessarily a bad thing. Kevin shares his personal experiences and those of others he interviewed to help us moved beyond the status quo.

I had a chance to talk to Kevin and I think you will be interested in what he has to say. His wealth of knowledge and experience can go a long way into helping you build a better life and legacy for your family.

And, now here's Kevin.

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Budget Tips: 6 Ideas That Actually Work

Time To Own Your Money

Sign up for the Enjoy Extra Cash Every Month workshop to learn how to manage your money, find your hidden money, and create your personalized money action plan.

6 budget tips that actually work

BUDGET.  ​It's that dirty word that nobody dare even whisper.  It's so dirty it might even be considered a four-letter word (even though it has six letters).  The word strikes fear into all those immune to accountability and responsibility.  I can hear the audible gasps and sighs coming through the screen.  But, have no fear.  We're going to walk you through this and give you some excellent budget tips so you can finally begin your journey to financial fitness.

Now, it's time to learn about these 6 budget tips that actually work.  You can begin fixing your financial situation right away.  Ready?  Here we go!

Budget Tip #1: Figure out what your weekly expenses are and begin tracking every expense.

We all must learn to walk before were can run.  The same goes for this.  You need a budget before you can hope to squash debt or achieve financial freedom.  You need to be able to run 3.1 miles before you can run 6, 13.1 or 26.2 miles.

Your "walking" from a financial sense is budgeting.  And "walking" for budgeting purposes is getting all your expenses accounted for.  Begin by using every single one of these budget tips.Read more

3 Side Hustles That Will Help You Make An Extra $1,000

side hustles that will help you an make an extra $1,000

Are you the type of person that always needs to have a project? Yeah, I am too.

I've dabbled in different side hustles for about a decade, but have always favored the blogging and content creation space. Perhaps, you've had a similar experience.

What I can tell you is the sense of freedom and control that a side hustle gives you. This particular blog you're reading brings in about $2,000 per month for my family. It paid for Christmas presents last year, helped us pay off debt, and allowed us to pad our savings.

Frankly, it's been nothing short of a Godsend.Read more

5 Awesome Ways You Can Save Money On Date Night

awesome ways you can save money on date night

The Hooch app helps millennial parents save money and have a great date night out!

Humor me with this parenting revelation for a second. If you're a parent to a toddler and newborn like my wife and I are, you likely don't get much time to yourself.

So, when the time comes for a date night every leap year, you want to make it a night to remember. After all, you need something to get you through the sleepless nights and spit up.

The folks at Hooch understand this and they're helping millennial parents make date night great again. Not only can you save money on date night, but you can have an amazing time doing it.

They were kind enough to give us some more information on the app and why it's the perfect option for millennial parents looking for a great night out.Read more

7 Vacation Rental Money Making Secrets You Should Know

Vacation Rental Money Making Secrets You Should Know

Do you have a second home? How would you like to use it to bring in more money?

Well, you can -- and it's not as hard as you think. I had the chance to speak with Vacasa COO Bob Milne about how the company is helping people turn their second homes into rental income. I think you're going to be interested in what he has to say.

After all, it's better to make some extra money to pay down the home, pay the taxes, pad your savings, or take the family on vacation. Stop wasting time and turn you second home into a real asset!

Quick Facts on Vacasa

  • Vacasa provides "end-to-end service for second homeowners."
  • They help owners make money on an "under-utilized asset."
  • Second homeowners can still take advantage of tax benefits.

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How Much Money Should I Save for Retirement? A Look at Savings Goals by Age

How much money should I save for retirement?

Yes, that's the age old personal finance and money question if there ever was one.  We all want to be given "the number" to shoot for and desire to know how close (or how far) we are to that target.

how much money should I save for retirementIf you're like my wife and I, you wonder whether you are doing it right or not.  You are constantly discussing money matters over dinner or during a long car ride.  Maybe you worry about how you will be able to afford your own home.  If you do own a home, you may worry about having enough money for the mortgage each month.

Then, there's saving for children.  You need clothes, food, diapers, toys, and who knows what else.  One day, you will want to send them to college.  So, there is saving for that.

Finally, you probably don't want to work for the rest of your life.  I know I don't.  So, you need to plan for retirement somehow.  However, that seems so far off and you just put off doing anything about it.

So, depending on your situation, you are likely asking yourself one of two questions.  If you aren't saving, you will want to know how you can get started.  On the other hand, if you are saving, you will want to know if you're saving enough.

In order to answer those questions, you have to know your goals and understand the process to achieve them. You also have to make sure you are budgeting properly by using an app like Personal Capital and know your numbers.

Saving money is not a one-size fits all concept.  Sure, there are guidelines and we will discuss some of those.  But, you need to customize these guidelines to fit your lifestyle and your family's end game.Read more

5 Millennial Money Facts That Will Make You Say OMG

millennial money facts that will make you say omg

Are you in violation of these millennial money mix-ups? You might want to take a few minutes and find out.

It's always amazing to me how little people know about money. Now, I'm not about to get on my soap box here, but it's incredibly worrisome that many of us fail to have even the basics down.

I've said this before, but humor me here. I know people who didn't start investing in their companies' retirement programs (and they matched) until their late 20s or early 30s. I know people who have used their homes as ATMs and delayed their retirement for years because of it. And, of course, my family is guilty of buying too much house which forced us to downsize.

So, it's no surprise then to see how poorly millennials and recent college graduates are doing with money. They have student loans. They haven't planned for the future. They can't buy a house. Sure, these are generalizations I know. But, there is often some truth it and we need to find a way to correct it.

As a side note, I do love seeing stories that showcase members of Gen Z buying homes and Gen Y having money saved for retirement. It's definitely an encouraging trend and one to monitor going forward.

However, based on this new study from Laurel Road, we have a lot of work to do. Checkout what I highlighted from the study below. See if you're guilty of these financial sins!Read more

What You Need To Know To Get A Remote Job

If you've clicked on this article, you're obviously interested in a remote position and the chance to work from home. I'm also going to assume you don't work from home yet, you have a job that doesn't allow it, or you're one of the unlucky ones who aren't offered the privilege to work from home.

It can be frustrating.

After all, you're trying to craft a lifestyle for you and your family. You don't want to be married to your work -- and be a slave to the day job. Totally get it.

But, work at home jobs are scams you find on Craig's List, right? Or they're at least incredibly difficult to find, correct?

Wrong. And wrong again.

It is possible to work from home and find that dream remote job. Fortunately, I had the chance to pick the brain of Brie Reynolds, who just happens to be the Senior Career Specialist at FlexJobs. She spoke about the 14 most common remote jobs (and how much they pay) along with FlexJobs' free guide for finding a remote job.Read more

How To Make More Money For Your Family With A Blog

How to make more money for your family with a blog

Look, I know trying to bring in extra money for your family is no small feat. When we went from a two-income household down to a one-income household, the transition really put a strange on our finances and our marriage.

We had to make the incredibly difficult decision to sell our dream home and leave the expensive area we loved. It wasn't easy, but it became a necessity since we decided to have my wife stay at home with our son.

Since making the commitment, we began to thrive. However, it was slow process. We had to pay off $30,000 in credit card debt ... then another $10,000 after that. We kept thinking we could live our old lifestyle of eating out and buying whatever we wanted, but that wasn't sustainable.

We had to downsize our lifestyle just like we downsized our income.Read more

How I Made Over $10,000 In 2 Months Blogging

how to make 10,000 blogging

Do you bloggers actually make money?

In one answer: yes.

You know, it makes me laugh when people scoff at online content creators. They really think people can't make a full time living. They think they lie to their readers about their income figures -- or they come from shady sources.

I've actually had someone say to me that people who make $100,000+ per month with blogs or podcasts are really selling drugs. WTF?!?

Now, I won't say I didn't have my doubts. While I believed 5 or 6 figures were possible, I wasn't exactly sure how to get there.

Allow me to give you a quick walk-through of how I did it -- and why I did it.

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