When is it time to say “no”? “The sooner the better” is the lesson I’ve learned the hard way. Most parents I know have spoiled the heck out of their kids by filling their closets with clothes, eating out all the time, and paying for travel sports and all the related costs. I, too, have failed many times in some of these areas. In my family we have finally learned the sooner we say “no” the better for our kids sake.
All personal finance advice can essentially be narrowed down to one key maxim: spend less than you earn. This is easy to comprehend, but for most people, it is difficult to put into practice. To grow this gap between what you’re earning and spending you need to either decrease your expenses or increase your income.
Having the ability to borrow from your 401(k) is great. I’m in favor of any flexibility you can add. Having options is always better than not having them, even if you don’t plan to use them. So, should you borrow?
If you are tired of being broke and want a job with tons of flexibility where you can tell your boss off whenever you want because you will always have a slew of job options and offers. Then you know what to do. This is the only hustle you will ever need to make good money forever.
Adjust your withholdings at work and give yourself a raise. If you are getting a big income tax refund each year then you are having too much money taken out for payroll taxes. Why give the government a free loan? They certainly won’t return the favor!
You may have noticed that Rockstar Finance looks a bit different lately. For details on the exciting changes, check out Feature Changes at Rockstar Finance.