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Photo By: Alex Kotliarskyi

“Just make more money.” — Nobody Helpful

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In my last post, Cash Flow is King: Reducing Expenses, I outlined a few simple strategies to effectively gain insight and control over your spending habits as well as introduced the general concept of cash flow.

Why did I lead off with that topic?

For starters, it’s the least interesting (for me at least) and also the simplest and easiest approach to impacting your cash flow equation in a positive manner. Also, it’s imperative that you cultivate efficient and optimal spending habits before…


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Photo By: NeONBrand

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Jumping back into the realm of Personal Finance, most financial woes can be boiled down to the simple concept of cash flow. The concept is fairly simple, you can either have a positive cash flow or a negative cash flow depending on the amount spent and the amount of income received on a specified unit of time (monthly, annually, so forth). …


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In the summer of 2014 I stumbled upon the following motivational video, The Strangest Secret, a 1957 motivational speech recorded by Earl Nightingale for the purpose of motivating the sales personnel at the insurance agency he owned at that time. The recording grew in popularity outside of his own personal business and its popularity still grows today with every new generation that comes into contact with his musings.

And there is something incredibly appealing about the speech. Everything from the simplistic theme of his message to his classic deep 1950’s vocal style. This encouraging idea that your life is simply…


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Photo By: Pietro De Grandi

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Typically when you meet with a financial advisor/planner, they will ask you, What are your goals?

Why?

Because it helps in the development of a plan based around making intentional decisions directed toward a well-defined goal. This goal usually takes the form of a retirement age; there’s an entire movement called the FIRE (Financial Independence Retire Early) based around determining your basic annual living expenses amount and then determining your FIRE number which is typically the invested sum of money that will allow you to live off of…


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Photo By: Karsten Würth (@karsten.wuerth)

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I sat in my cubicle in Tupelo, MS, blissfully unaware of the predicament that had befallen my poor wife in Memphis. Despite her continuous phone calls that failed to connect, I would only learn of the situation hours later.

Nothing quite focuses the mind like your vehicle suddenly stopping and turning off in the middle of four lanes of traffic on I-240 in Memphis, TN. And that’s exactly what happened to my wife. And that’s exactly what prompted the following realization.

We had to get a new vehicle.


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Photo by: Robert Bye

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In 2007, shortly before I turned eighteen and shortly after I started my first part-time job as a W2 employee. I opened a checking account at a local branch of a regional bank. Probably like a lot of kids, I simply chose the same financial institution that my parents used. I also was less concerned about the specifics of the checking account and more-so concerned with just having a place to deposit my hard earned wages and replacing wads of legal tender with a single plastic apparatus, the debit…


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Photo By: Blake Wisz

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A 1993 episode of Rocko’s Modern Life, titled Who Gives a Buck, features the protagonist, Rocko, receiving a credit card. The following scenes include an elaborate shopping spree utilizing this new card at the encouragement of his friend. Afterwards, the bill finally arrives and Rocko is unable to pay off the total which leads to the debt collectors arriving and acquiring all of his purchases and more. This was probably my first introduction to the concept of a credit card.

In my parents’ household the credit card was more…

Blake Adams

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