The Best Money Blog – How to Save Money, Live Frugally, and Earn Passive Income

Similarities can be drawn between two seemingly unrelated things, in this case, personal finance and working out. To be successful in either discipline takes change as it is usually contrary to human nature.

By studying positive aspects in one facet of your life, you can learn a lot about what it takes to be successful in other areas. Below is a list of five ways that personal finance is like working out, and by learning to apply these five character traits, you can see growth in both areas.

It’s easy to see financial problems when you’re on the outside looking in. When you see your friends wasting money on stupid things you are quick to point it out because you can’t find the logic in why they are spending their money so irresponsibly.

It really does take a strong person to admit that they have a lot to learn when it comes to money, and sometimes it’s helpful to share criticisms of the way others spend their money because it helps us realize our own downfalls. Below is a short list of some of my biggest pet peeves with money. Be sure to add some of your own in the comments below.

The Best Money Blog received editors choice honors in the new Carnival of Personal Finance#267, this time hosted over at Beating Broke. Saving Money For Opportunities was chosen along with four other articles to be featured at the top of the list.

Be sure to check our some of my personal favorites below that were included in the carnival.

The Best Money Blog’s Favorites

• How To Convince Your Spouse You Need A Budget by Neal Frankle @ Wealth Pilgrim
• 10 Tips To Create Wealth. by Bob @ Christian Personal Finance
• These Commercials Are Making Me Batty! by J. Money @ Budgets Are Sexy

The Best Money Blog was featured once again in the Carnival of Personal Finance, Getting Hot In Here Edition, this time hosted over at Nerd Wallet. If you have never checked out a carnival of personal finance, now is there time. They are chock full of the best articles out there on saving, spending, investing, frugality, and all things money.

Be sure to check our some of my personal favorites below that were included in the carnival.

Top 3 Money Articles of the Week

• U.S. Presidents and their Net Worth by J. Money @ Budgets Are Sexy
• The Secret to Getting Out of Debt: Forget Snowballs and Interest Rates by Frugal Dad
• Financially Prepare your Spouse in order to Simplify by Simple Financial Lifestyle

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.

Thanks to Evan over at My Journey to Millions for hosting the 264th Carnival of Personal Finance. The Best Money Blog was featured in the “savings” section.