The Rent vs Buy Argument

With my whole mold dilemma going on it has me revisiting the idea of buying.

I’ve been in the real estate business for about seven years now doing mainly rentals and I’ve always thought that buying and renting are personal decisions. For the most part they are, but with everything happening in my life right now, I’m leaning towards buying.

I’d say it’s also heavily dependent on your financial situation. For some, renting is the only option.

Here Are The Benefits Of Renting.

1)It’s Flexible.

I like the idea of having a lease that’s short term. Either 6 months, 1 year or 2 years, it’s nice to know that you’re not fully committed to a property. I can leave at the end of my lease if I’m unhappy or if it becomes too expensive. You can usually leave mid-lease if you’re able to find a takeover tenant that qualifies. Overall, I believe that the flexibility is great for people who travel for their job, relocate or need something that offers financial flexibility. (Example: if you work on commission and earnings change year to year)

2)Initial Costs Are Low.

Most of the time you can find an apartment without a broker by contacting the property management directly. Websites like Apartments.com, Zillow and Trulia make this possible.

Even if you have to pay a brokers fee, it’s usually no more than 1 months rent. Up front fees include security deposit which could be as low as $500 to 2+ months of rent.

Compare that to your closing costs which are 2%-5% of a homes value plus a 20% down payment! Not everyone has that kind of money available.

3) Allows You To Stay Liquid.

And that brings me to my next point, if you’re you’re able to put together a down payment and closing costs, that means you have the financial opportunity to pursue other investments.

Generally it’s said that a home isn’t a good investment. The only value you really get is a roof over your head at a somewhat stable cost. It gains an average of 4-6% value each year depending on your location and that’s with inflation plus the updates you’ll need to put into it. Compare that to the stock market, the Dow Jones historically has gained 8-9% each year. So stock would be a better return but is more volatile than buying a home.

Pitfalls To Renting

1) Neighbors

Generally, you’re not in control of who your neighbors are and they are a lot closer to you when you’re renting. Renters usually are in apartment buildings where neighbors are sharing walls and tight living quarters. If you buy, you can choose the neighborhood and even a property that is more isolated with less risk of a nuisance neighbor.

2) Absentee Landlord.

The owner of a rental is obligated to make the apartment habitable and make reasonable repairs to the apartment. Somehow that doesn’t motivate some management companies to act correctly and do basic work like fixing leaky pipes or sealing drafty windows. I would say most landlords, even those with massive wealth, would rather wait for the attorney letter demanding repairs than make major repairs of their own free will. Repairs tend to cut into their profit and they hate that.

The Benefits To Buying

1) Tax Incentives

The tax incentives for buying a home and getting a mortgage are pretty nice. It’s almost like a rebate on part of your purchase, that’s how good of an incentive it is. You can write off your closing costs, mortgage interest, and any major repairs on your house. My dad once told me his housing tax incentive was equivalent to a $6000 tax credit.

It’s also a great way to shield your income from tax obligations if you’re in a higher tax bracket.

2) Control Over The Property

As I learned with my whole mold situation, I have no control over my environment as a renter. Mold is literally growing underneath my floorboards and I had no idea and no control. When issues arise, the landlord can choose how they want to fix problems and sometimes they go for the quick fix.

By owning a home, you have complete control over the property. And can choose the best and most efficient option to repair. You can do your own repairs, if you’re skilled enough, and you can make changes to the finishes as you wish.

3) Building Equity

Like I mentioned before, buying a home isn’t the best option for an investment when you’re looking for a high return but you’re still building equity and personal wealth by paying off the principle of your mortgage.

There is some flexibility if you want to increase your liquidity for investments or capital ventures but they involve more risk. Once you’ve paid a significant enough percentage of your principal balance, you can apply to refinance and get a personal loan, apply for a line of credit against your home or for a second mortgage. This is a bit more risk, since defaulting could result in foreclosure, but this allows banks to lend money to you at a better and lower interest rate.

Pitfalls To Buying.

1) Fluctuating Costs

The nice thing about renting is that you always know what your rent is going to be. It’s not a surprise and any repairs that need to be done, the landlord is supposed to be able to fix. Housing costs for a renter should remain stable.

Compare that to a home, which depending on the condition you bought it in, may have some major renovation costs down the road.

My parents have owned their house since 1991 and I’ve watched them pour money into it like it was a bottomless pit. Over the 30 years they’ve owned their home they’ve done a bathroom renovation, built a bathroom out, windows replacements, insulation installments, kitchen demolition and renovation, roof work, landscaping each summer, boiler replacement, basement refinishing, installed backyard and front yard pavers, tree removal, central air installation and bought new laundry appliances. This is an exhaustive list.

After all that work, I don’t feel like my parents came out with much of a profit. There were definitely months where they had to go into debt or take loans to make these payments. They bought their home in 1991 for $190K and it’s probably worth $450-500K at this point. But with 30 years of inflation and renovation costs, it’s not a particularly great deal.

2) Less Flexibility

Because the initial costs to buy and sell a home are so high, including closing costs and broker fees, buying a home is impractical if you plan to move within 5 years.

A home is more of a long term investment just to break even with the costs.

If you’re a person that’s constantly relocating or unsure of where you’ll be in 5 years, renting is a better option.

———————–

Overall, for me the choice seems to be leaning towards buying. The uncertainty of renting is starting to wear on me.

Buying is one the biggest financial decisions of your life so take your time and weigh all the options.

Here’s a great buy versus rent calculator. You can find out which is a financially better option. I’ve always used it to consider whether my apartment was a good deal.

Happy real estate shopping! ūüôā

How Did That B*tch Get Rich? How To Be Wealthy

How To Learn To Make Money Work For You How To Be Wealthy
How To Learn To Make Money Work For You How To Be Wealthy

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How Do You Learn To Make Money Work For You?

The big question on my mind. ¬†On everybody’s mind, really. As I start to make my transition to my 30s, the money question seems to be everywhere. How to be wealthy? ¬†We’re all so proud of the 401ks we started and the money moves we’ve made. ¬†It’s all so nice to flash cash on Instagram and Snapchat. ¬†Just like how (in our early 20s) ¬†we used to show off how many times we went out in a week or all the people we knew, now the trend is to show off how we’ve got it like that. What I really wanted to know was how to make your money work for you…

I was meeting a girlfriend for lunch last Saturday and as we strolled around Chelsea we chatted about all the good things we were doing for ourselves.  Allie was a teacher and after years of partying and living with her parents was tired of being broke.  So she was taking things into her own hands and making moves of her own.  She got a new job that gave her benefits, she had a tutoring job on the side, and planned to work the after school program.  She was ready to make $$$ and I was really happy for her.

I said, “You’ve got to get if for yourself, no one’s going to give it to you.”

She was like, “Absolutely, but sometimes I look at some people and I’m like, how did that Bitch get rich?” ¬†“Like really, of all people.”

I didn’t really know what people or bitches she was talking about but it was a question that I had been determined to answer since before we were really even friends.

I remember being in high school and watching MTVs “My Super Sweet Sixteen” and it was this stupid reality show about rich teenage girls planning their over the top sweet sixteen. ¬†It would literally be 50K and up type parties. ¬†Mini weddings. ¬†At the end the birthday girls would get a new Mercedes or Ferrari or whatever they wanted and I was like WTH how do people live like this?

My super sweet 16

I became obsessed with understanding how rich people come to be and thats kind of how I got into NYC real estate.  I wanted to understand how do people get rich.  Maybe if I got close to it, I would be able to understand it and create wealth in my own life.

Well, being a NYC rental broker, you get to see the intimate details of someone’s wealth. ¬†You see their tax returns, their employment letters, the professions they chose, the co-signers that they use to get an apartment, the assets in their bank accounts and more! ¬†It blew my mind at first, how much wealth was needed to live in NYC. ¬†It’s literally wealth I still don’t have but understanding it and seeing how wealth exists in our world helped me accept the fact that I’m not wealthy, at least not in the sense that “My Super Sweet Sixteen” portrayed. ¬†Here are the top ways that I noticed people were able to live a wealthy lifestyle.

Generational Wealth

This is the most common way that wealth is accumulated for most people. ¬†I call it, “Getting A Leg Up.” ¬†People who come from generational wealth are already starting at 10.

To be generationally wealthy is a true privilege.  People with generational wealth not only have the resources and assets to seize more opportunities, they are already raised to learn how to make money work for them and are less likely to fall into debt and other problems that would detract from be wealthy.

Example: Jerry is a 3rd generation American. ¬†His grandfather came to the USA and hustled 3 jobs to buy a house and raise his family of 3 children. ¬†One of the 3 children starts a business and it becomes successful. ¬†Meanwhile the house that their grandfather bought is now worth 3X as much due to inflation caused by the booming tech industry. ¬†The grandfather allows one of the other children to take a loan against the home and flip 3 other houses. ¬†Another child is successful. ¬†The last child was able to go to college and build a career to manage to become a middle manager and make a good living. ¬†All three of this grandfathers children were able to make it to middle or upper class. These children have 2 of their own children. ¬†Jerry is one of those grandchildren. ¬†The original siblings help each other out in raising their children by babysitting and offering advice on best school district. ¬†They share resources with each other like baby clothes and books. ¬†Grandfather dies and leaves his fully paid off house, pension, and other assets to all the 6 grandchildren in a trust. ¬†Each grandchild gets $150K each in a trust to use when they turn 25. ¬†Each child has the means to go to college, two of them specialize in a profession like medicine or law, two others start a new business with their trust, and the remaining 2 go into the family business. ¬†Jerry is 30 years old, has an Ivy League degree, $150K in a trust and is a partner at his family’s company. ¬†That is what generational wealth looks like.¬†

Beauty

They say beauty is in the eye of the beholder. ¬†And while that’s true, there is a variety of beauty in this world. ¬† But we must admit that conventional beauty has so much power in our society. To be beautiful is to have doors literally opened for us. ¬†Now this section isn’t just about women being beautiful. ¬†Men can be beautiful too. ¬†Just yesterday my 20 year old intern with stunning blue eyes and a linebacker’s build was telling me how the girls at Chipotle gave him free Chipotle. ¬†And that won’t be the last freebie or leg up he gets for being extraordinarily handsome.

Regardless, doors will open for him because beauty is attractive. ¬†And people are drawn to what is attractive. ¬†But this won’t necessary result in wealth. ¬†Unlike generational wealth, people won’t hand you money just for being beautiful. ¬†Often, beautiful people have to leverage their youth and beauty for opportunities for wealth. ¬†I once had these model clients. ¬†They were REAL models. ¬†The types that walk runways for Gucci and Balmain. ¬†They made well over six figures just in the US for their beauty. ¬†One girl showed 200K from her contract with IMG Modeling. These girls also worked for other modeling agencies in Europe. ¬†But wealth is real for these beauties. Once their modeling days are behind them, they could easily marry well to do men in finance who want a wife with good genes and beautiful skin to match. I don’t think many women have that kind of opportunity just handed to them.

The good thing is that the genetic lottery isn’t the only way to cash in on beauty. ¬†With youth comes natural beauty. ¬†Men and women are realizing this and capitalizing on their youth, building online businesses and brands for their youtube channels and Instagram accounts. From ages 16-35 women are at the peak of their beauty/youth. ¬†For men that time frame is 20-40. ¬†Just imagine how big of a business you can build in 20 years. ¬†You can build an empire. ¬†I could go on and on about how pretty privilege is a thing but I think I’ll save that for another post. ¬†The good thing is that beauty and youth can truly be the stepping stone to success for those willing to step out of their shell and grab it.

Hustle

How to be wealthy? Well, some people are more hustlers. ¬†I think I fall into that category over beauty. ¬†I’m sure my youth has helped me a lot in gaining opportunities and getting my foot in the door. ¬†But I’m not THAT pretty. ¬†More like a girl next door type of look to me. ¬† So I’ve had to rely more on my hustle and charm. ¬†Hustle and charm are not easy skills to attain. ¬†You need a mix of street-smart, hunger, people skills, charisma and intelligence to really win in this category of wealthy. ¬†A talent or two won’t hurt either.

To be be clear, the definition of [hustle] according to Urban Dictionary is: To have the courage, confidence, self belief, and self-determination to go out there and work it out until you find the opportunities you want in life.

There are a million ways to make money hustling. ¬†I truly believe there’s enough pie for everyone. ¬†Hell, you can all bake your own pies. We live in a world that is rapidly changing with growths in technology and change in culture and opportunity. ¬†Youtube stars are making millions, Instagram influencers are getting paychecks. ¬†You can literally open a new store on Etsy and sell those handmade bracelets you always get compliments for or those handmade soaps. ¬†You can become a motivational speaker. ¬†Or you can be like me and do real estate and work your way up. Or start in any industry and work your way up.

This, to me, is the backbone for all wealth. There had to be someone to get the moneyball rolling whether it’s you or your grandfather. There really isn’t much substitute for grit, perseverance and grind when it comes to breaking socioeconomic barriers.

Smarts

Being book smart is important and if all else fails, you can’t go wrong with book-smart. It’s the type of hustle your parents always pushed for. “Education is everything,” my father said, “No one will ever be able to take your education away from you.” This was his lesson on how to be wealthy and learn to make money work for you.

And that’s true, I just wasn’t prepared to face the level of intellectual competition that I would face in that one year of law school.

My sister was, though. She finished her studies to become a doctor. After watching her go through 4 years of premed, 4 years of med school, 2 years of residency, another two years of fellowship and enough testing and studying to make your eyes bleed, I’m not sure I would say that I envy her life now. She truly earned it and now makes 250K a year working 32 hours a week. 32 hours a week!

Being smart is not just reading books and stating facts. It’s competing with all the other smart and intelligent people to be the best. I never felt more insecure of my own intelligence that I did during that one year of law school.

Think about beauty pageants that line women up according to their beauty and grace. Intellectual pursuits is kinda like that except with your brain and how smart you are.

No thanks, wasn’t for me.

Summary

I think the bulk of what I’m trying to get at is that obtaining wealth for a majority of people is not easy. But it’s not unattainable. And as long as it’s possible for you to get to the next level, you should be striving to make that happen. I’ve been broke and now I’m comfortable; I wouldn’t say wealthy but I anticipate maybe 10 years from that. Being broke sucks, staying broke is tougher. A lot of people don’t realize they can get up and change their situation. I’m here to tell you, YOU CAN.

I like to call it “bootstrapping it.” And IMO gaining wealth from your own hard work and grit is more satisfying than having it handed to you. Most of us reading this are not from generational wealth, it’s up to us to make our own wealth. It’s going to be a lot of trial and error, a lot of failure, but all you need is that one moment. All you need is one big win and all that failure will be erased.

I wish you all the best of luck on your journey for progress and wealth. This game is about learning to make money work for you. Please share like and follow if you liked this post. I follow back!

If you like “How Did That B*tch Get Rich? How To Be Wealthy,” Check out my other posts!

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Why Multiple Streams Of Income Are Absolutely Necessary

How to Budget: Personal Finance Basics

How To Get To Early Retirement: FiRE and LeanFiRe Strategies

Get to early retirement Reddit LeanFiRe
Get to early retirement Reddit LeanFiRe

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“If only I didn’t have to go back to work.” I think this WAYY to often, especially on my Sundays before I have to clock back in for my work week. I often daydream about how to get to early retirement as I surf through reddit leanFiRe strategies.

My friends say, “Alex, I think it’s time for a new job. You’re burnt out. There’s another company that can be the right fit for you.”

But I think it’s much more than that. I think I just don’t like work. I don’t like feeling obligated to go and be somewhere at a certain time. ¬†I don’t like commuting. I don’t like being on teams I didn’t choose for myself. I don’t like not being able to spend my time as I choose. And at the bottom of all those things I don’t like is the basis for a job. In college, I didn’t like not having money either so I went into the world and made a career for myself.

Sometimes I have to remind myself to grow up. ¬†Like, having a job is just part of life. A majority of our society NEEDS to work in order to put food on the table or clothes on their back. But then I started to wonder about an alternative. What if, I didn’t have to work? What would it take to live like that? Is it possible for me?

That’s when I came across FiRe or Financial Independence and Retire Early. I’ve been following Personal Finance on Reddit for a while and stumbled across the subreddit. On reddit I also found LeanFiRe strategies. It’s not just people retiring early at 50 instead of 63. It’s people retiring earlier and younger at 35 and 40! I honestly can’t look through Reddit LeanFiRe without feeling a tinge of jealousy. I really want to be those people. ¬†I want to know how to retire early. I also want to know how much I need to retire early.

The concept of FiRe goes beyond Personal Finance-which discusses getting out of debt, buying a house and paying for college, as well as other difficult financial choices that neither high school nor college ever prepared us for. FiRe is just specifically about retiring early and what it will take to get there and the kind of sacrifices you need to be willing to make.

Looking through the subreddit, I can’t help but feel…what’s the word for it? Ah yes, INADEQUATE. I feel inadequate because here are these 19 year old kids that are planning their hustle for the next 10-15 years to be totally independent off a job! At 19, I was buying Frappachino this and coach shoes that. ¬†I was twiddling away my hard earned money because, at the time, I didn’t consider my minimum wage slave money to be……real money. ¬†It was just money I was earning before I had a career; before I made a real salary. ¬†Talk about regret over missed opportunity. Regardless, now that I’m aware this is possible maybe there’s time for me to turn things around. ¬†I’m making 3-4X what I was making on minimum wage, so hopefully I didn’t miss too much of an opportunity.

Personal Finance and FiRe pretty much go hand in hand but FiRe is a long term game. Once you pay all of your debts and start really gaining wealth, FiRe commits to continuing to live a modest lifestyle until you reach your FiRe goal date. For people that are successful at FiRe, this means living at your parents home until you’re 30 or putting a $10K pay increase towards a portfolio option instead of taking a much needed vacation. It means couponing; living on a cash basis and giving up the convenience of the credit card. ¬†It sounds so simple, “Just don’t spend money? I hate spending money, I only spend money when I need to!” But DO you? Do you REALLY?? ¬†Credit cards/subscriptions, Venmo are super convenient. For credit cards, any points you earn on the card are already spent on the overspending you did due to the “convenience.” ¬†And we all like convenience. Retiring early means less convenience and less money spent on pleasures that we usually indulge in as a reward for hard work.

It takes an incredible amount of self control to retire early. Year after year, you’ll need to make sacrifices in your own indulgence, spending habits and choices. Vacation to Miami with friends? Nix that. Those really nice designer shoes? Nope. Weekly happy hour bar tabs with coworkers? ¬†Um, no. Forget about the new car lease and living without roommates. ¬†What you’re sacrificing in quality of life now, you’re planning to get back later when you’re able to retire 15-20 years early.

You’ll also need to be somewhat knowledgeable on tax laws. Should I invest in a 401K or IRA or both? What should I do after I max on my contributions? I’m about to surpass my income tax bracket, what can I do to minimize this years taxes? These are decisions you can’t just leave to the wind when planning an early retirement. Because year after year the wrong decision will cost you.

Once you start saving all this additional money, how do you optimize it to allow an early retirement? Well, that’s entirely up to you. Some people invest in individual stocks, mutual funds or rental properties, or a mix of diversified options. The choice is yours depending on the skill set you have. Some people like to park their money and not think about it again until they need it, some like to be more involved in the trades, others like the idea of home equity. Some enjoy high risk, others low risk. To make FiRe truly effective you’ll need to take some risk to optimize your hard earned money.

Now let’s talk Reddit LeanFiRe. What is that? How could FiRe get any leaner, you’re already cutting out the pleasures of life! Oh it can get leaner. ¬†Way leaner. Some of you may have read this article rolling your eyes, like “I don’t make that kind of money, Alex. I’m not overspending and there’s nowhere to cut.” Lean FiRe is early retirement for those who make an average or below average earnings. I swear, the Lean FiRe Reddit is no joke! They will make feel shame for your current lack of retirement plans. These are people making 40K -70k a year (or less!), and killing it with their retirement goals.

How do they do it? Incredible sacrifice and resourcefulness. These are people who really hate their job and are like, “Oh hell no! I can’t be doing this forever!”

I read about this one guy that ditched his car even though it was a 40 minute bike ride each way. Luckily he lived in a place where the weather was nice nearly all year round. He was saving money off of the weather! Other people are gardening and living off the literal fruits of their labor and land, thus cutting down food costs.

Then there are the people who are extreme in their housing solutions. One guy was homeless for a year! You heard that, homeless! Like, living in his car and showering at the gym while going to work every day and pretending he had a home. The moral of that story is that he really saved a lot at the time since housing is probably our largest expense. A lot of the Reddit LeanFiRe people take to frugality and minimalistic living. There was one couple that bought a Tiny Home and lived in a trailer park. Their Tiny Home cost 15k and they bought it outright, then parked their home for a couple hundred dollars a month at a trailer park. They really didn’t need to earn so much money after that.

Theres also strategy to increase their income and put that money aside for retirement purposes only. These people were resourceful with their talents and skills. ¬†They started blogging, and you-tubing to earn some extra cash. It’s a slow income stream but it’s cheap and easy to get into. Some opened etsy shops, making homemade soaps, balms, greeting cards, ornaments and whatnot. Some just did the good old fashioned way of getting a second job and driving Uber on the side.

Those Reddit subreddits really put me to shame. When I hear real life stories like that, I wonder WHY CAN’T I BE LIKE THAT?

Because I don’t want it enough. I’m not willing to sacrifice my daily pleasures or I do, and then I can’t stick with it long term. But practice makes perfect, and I’ll keep at it until I’m finally willing to make the sacrifice long term. In the meantime, I’m going to keep reading the inspirational stories FiRe and LeanFiRe have to share with me. Because with a little inspiration, who knows, maybe I’ll be able to retire early too.

Feel free to like, share and follow this post if you found it interesting.

If you like “How To Get To Early Retirement: FiRE and Reddit LeanFiRe Strategies” Check out my other similar posts:

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How to Budget: Personal Finance Basics


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How To Budget And Personal Finance Basics

I used to sit with my dad as he combed through the finances, his brows furrowed in concentration. Little did I know that on those mornings I was subconsciously learning how to budget and personal finance basics. They say we learn everything from our parents.

He’d sit on a stool at our open kitchen and just devour the information over a cup of joe. I was curious. Why did he devote all this time to his spreadsheet? Was this a work project?

He went over how he calculated all the household expenses and income and balance it all. He kept tabs on check balances and even his car depreciation.

It kind of went over my head. I was busy just trying to figure out what I wanted for breakfast or how to laze around for the day. I honestly spent a majority of my 20s not knowing much about my finances or how much I made. I always worked during college and had a plethora of jobs after. I could afford the things and experiences I wanted, but I didn’t really know how much was being spent; how much was wasted or saved. To this day I wonder how much I could have been saving during this time.

The first time I had to budget I just made a list of the income and combed through every single expenditure that I made. Then at the end, I subtracted the expenses from the income. Every coffee I bought, every lunch I ate out, and every trip to Target I took was recorded. It hurt. I literally cringed when I realized how much was being wasted.

I mean, did I really spend $50 on coffee this month??

And what was that subscription on my card? They’ve been charging me for over a year!

I realized I could be saving thousands a year and making more out of my money if I accounted for it all and held myself responsible on how it was spent. However, I realized this wayyy too late in the game; the money was already spent. I felt really bad after realizing how much was wasted. Part of me didn’t want to keep going and budgeting, that’s how bad I felt.

Now It’s been 4 years of budgeting. 3 years. I keep it all on a spreadsheet. Google Spreadsheets :). I can track how much my income has increased in those 3 years. I can track how much my overall spending has been by category. I can brainstorm on ways to cut costs or increase income. I can make long term goals like paying off all my debt and estimate the last payment date.

Omg I love spreadsheets!

And I don’t spend hours upon hours on it. I pretty much spend a half hour tracking my spending twice a month. Once in the middle and again at the end. Literally ONE HOUR a month. I recommend setting mid month goals and then reassessing for the latter part of the month if your unclear or are unable to meet your goals.

Below is a simple sample of what you can do.

Income

Take home Salary $2500

Expenses

Rent $-700

Food $-250

Transportation $-200

Internet $-50

Electricity $-50

Phone $-70

Misc (shopping/medical related costs/eating out) $-600

Credit card payments $-100

Student loans $-150

Total expenditures= $-2170

Savings $330

Tip: Put your savings towards credit card debts and student loans to make the payoff date faster. Or save part of it for an unexpected expense.

I wouldn’t say budgeting will fix any money problems overnight but it will definitely give you a sense of control over your finances, plan for a rainy day and create a long term plan with goals. But personal finance and gaining control of your spending/earning is the first step.

Websites like Mint and Money Trackin can help you keep it all if you’re not crazy about the spreadsheet idea.

Update: I have saved sooo much money this way, literally thousands of dollars. It’s a very simple strategy but it 100% works. It’s all about motivation, perseverance and keep up with the tracking.

Feel free to comment below on your goals or feedback on your budget!

Check out my other post:

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How To Save Tons Of Money On Groceries 6 Easy Tips!

Why Corporate America Is A Necessary Evil


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Surviving Corporate America is hard. The corporate environment sucks the life out of you

Corporate America is a necessary EVIL. I’ve never made more money than when I worked in a corporate environment.¬† So I need this job to make money but why am I at this job?¬† Can your career give you inspiration to live the best life?

Propaganda: information, especially of a biased or misleading nature, used to promote or publicize a particular political cause or point of view.

I’ve been searching for the past few years for a job that can give me meaning.¬† A purpose.

I envision being part of a group that is warm, friendly and a team environment.¬† ¬†Surrounded by positive people, positive thinking and inspiration. We’ll go out for drinks once in a while.¬† I’ll also get an hour lunch.¬† The workload will be totally manageable with time to spare.¬† I’ll be able to take initiatives over everyone else and be recognized as a performer.¬† I’ll be well-liked and have good benefits/salary.

I would say 97% of the population does not have a job like the above.

Most corporate environments do not offer that kind of environment.

Why?

Bottom line.

Corporations generally are in the business of making money. Making money means squeezing all your resources for what they are worth, including human resources.¬† As soon as money is involved, individuals tend to get crafty, shysty and overall unfair to others in order to get a leg up.¬† And then big bosses and companies will turn a blind eye, because it’s not effecting bottom line or rocking the boat will effect a bottom line. Financial decisions don’t take into account emotions, personal development, or personal growth.¬† It’s only about company and business gains.

Still, many companies in corporate America have mantras, company values, and goals.  Many of them include excellence, honesty, integrity, teamwork.  Of course you can try to buy into this.  I did. And every time I was disappointment when I was overlooked for a promotion or someone who totally lacked these values received a better review.  The reality is that these values are a stick and carrot method of propaganda, meant to keep employees motivated and drive revenue.

In reality, company culture/values is nothing more than clever branding.  A way to keep people motivated as well as sugar coat any negative culture the company has.

So how do you stay motivated? Especially once you realize that the company values is a load of BULL*****.  How do you keep the inspirational thoughts and inspirational quotes alive in your head?

Well, take a moment to think about your own values and financial goals.¬† ¬†“If I work here X amount of years, what can I accomplish?” “What’s my next step, If I find this company isn’t working for me anymore? Can I go and do my own thing?”¬† “Does the work itself give me happiness?”¬† “Will this help me get to retirement/financial stability?”

Having a reason in your mind will help you get through the hardest of days and the darkest of nights.¬† Patience and time will always be on your side, so keep at it.¬† But don’t believe the propaganda in corporate America because truth always has a way of coming to light. And motivation built on false propaganda is like a house made of sticks.

Check Out My Other Posts

Dealing with Toxic Work Culture

Work Smarter, Not Harder

How To Get Ahead At Work Without Brown Nosing