The holidays are here! That means quality family time, sumptuous dinners, and an endless stream of cheesy Hallmark movies. And if your boss decided to play Santa this year, it might mean a holiday bonus for you. That bonus is likely to be pretty hefty too. The average holiday bonus in 2017 was close to $1,800, according to a survey by staffing and recruitment firm, Accounting Principals, and it’s expected to grow with each year. When you get your bonus, you’ll find yourself faced with a great question: How should you use your Christmas bonus? We’re all about the Rich Life here at I Will Teach You to Be Rich. That means using your money to build the kind of life you want to live. To do that, you should use your holiday bonus three ways: Spend it Save it Invest it Let’s take a look at each area now and break down how you can optimize your holiday bonus. Christmas bonus tip #1: Spend it The first — and arguably, most fun — thing to do with your holiday bonus is to spend it. After all, what’s a Rich Life without spending extravagantly on the things that you love? Notice I [...]
Goals are great — but often, the ways we achieve those goals are tedious, time-consuming, and (let’s face it) boring.
To run a marathon, you must train and run dozens of miles each [...]
If you had an extra hour in your day, what would you do with it?
Pick up a new hobby?
Learn a new language?
Find new ways to make money?
What if you had two extra hours, or even three? What would you [...]
In today’s episode of The Art of Passive Income, Mark and Scott talk with Chris Miles, a cash flow expert and leading authority on how to quickly create cash flow and lasting wealth. He’s been [...]
By the time you pay the bills, contribute to your emergency fund, not to mention put in what you can for retirement, there sure is not much leftover, which makes it all more important where every doll [...]
Let’s face it, when it comes to spending, there’s not a whole lot left in our bank account after paying bills, not to mention have enough for food and gas, so it makes sense to what to treat yours [...]
Overdraft fees are total BS.
When consumers overdraft their accounts, it’s by an average of $24 — but then they often get hit with an average of $34 in fees.
In 2016, Americans paid $15 billion i [...]