I hear them all the time. People ask me for advice on how to make or save more money, and when I tell them exactly how to do it, I’m told it’s impossible for one reason for another. To be honest, I used to be the same way, until I realized that I was justifying my actions because I didn’t want to change the way I lived.
So far, many of the articles on The Best Money Blog have covered different ways of saving money as well as adopting a proper attitude towards saving money and managing your personal finances, without really venturing into the realm of earning money. Today I want to go over three different types of income (active, passive, and semi-passive), how they all work, and how you can utilize each type to continually increase your net worth.
As a follow up to one of my first articles, 6 Major Money Leaks In Your Life, I have collected another group of items that drain cash from your bank account on a monthly basis. If you can avoid charges from multiple items on each list, you will save yourself a decent amount of extra money you would have otherwise wasted.
This is the first in an ongoing series that will chronicle the different money saving ideas my wife and I try. Hopefully it will provide some insight and inspiration to those of you having trouble coming up with ideas of your own.
You’ve read hundreds of blogs telling you 1,286 different ways you can save money. Some of them might seem crazy, and they often are, but others are tried and true methods that have been successfully practiced since before money was first printed. Why aren’t you using any of them?
We’re going to dive deeper into the reasons for inaction on your quest for financial freedom. You know exactly what you have to do to get there but you aren’t doing them, so what is holding you back?