We all like to save money. The good news is when your mind is set to save, it becomes your second nature to be creative with spending and saving. There are different ways to save money each and every month. While a few of these tips require a lifestyle change, the majority of these tips are relatively easy to do. Here are 50 strategies to help you save money every month. 50 Ways To Save Money Every Month ...
Over the years, I have been asked about how to invest in the stock market outside of work and where to start. Investing itself is quite simple. The complex step is getting your finances in order before you start investing. Yes, you heard it right. You should get your finances in order before you even consider investing outside of your typical employer-sponsored retirement plan. I’ll discuss 9 things you should do before start investing in the stock market. Many people have...
Life is busy. Our days are filled with activities and responsibilities. Retirement savings are the last thing on your priority list you think of when you’re young. Many people I know don’t even think about retirement at all. Retirement is real and coming faster than you may realize. Saving enough for retirement is not enough to secure your golden years. You need to protect your savings. I’m going to discuss the 4 important strategies to help optimize your retirement savings....
Today, I’m going to share our top tips to help us save money each and every day. You may find some tips that sound extreme to you. Believe me, they were extreme to us but they are not any more! If you want to get out of debt and want to control your financial life completely, read on. These money-saving tips have helped us financially and personally. It isn’t rocket science. It’s up to you if you want to save money bad enough,...
Have you ever wondered if you may have bought too much house after you moved in and settled? How to tell if you are house poor. I am going to discuss what it means to be house poor and ways to avoid becoming one. We bought a new house last year. It was way bigger and more expensive than our last 2 houses combined. Did we make the right decision? Are we at risk of becoming house poor? My sister’s...
We all want to improve our finances in our lives at some point. I wasn’t the best with money when I was younger because I didn’t have a specific financial goal. I’ve been a saver and a side hustler. However, I was missing an important component when it comes to building wealth. Because I never had a specific financial goal. When I finished college, I just knew that I needed to make a living somehow and to be financially responsible....
If there’s extra money we’ll pay extra on our mortgage. Is that a good idea? Does pay off a mortgage early make sense? Should we pay off our mortgage first or invest extra money first? The more I think about it, the more complex it seems. I know, I want to get out of debt completely. Who doesn’t want to own our home free and clear…? Would it be amazing to not have a mortgage payment? Having to make a...
From Houses to Home We closed on the new house just a few days after the New Year holiday. We couldn’t wait to move in so we actually moved right after we signed the paper that day 🙂 . The dogs are happy with the new place and are transitioning well. Our chickens seem to enjoy the shady backyard as well. The new house gives us more space. The location is perfect. We now have less commute time to work,...
What a difference a year makes We took a break from baking. Mr. 50 received a job promotion. 50 junior is attending school. We’ve been living debt-free! We reached a positive net worth! And, we put an offer on a new house!?! We terminated our business LLC. The cake side hustle was short-lived. However, we’re a lot happier as a family with the extra time we had together. Doing a side cake business had taught me a great deal about life....
A Year of Setbacks We are no longer partnered with the catering company. 50 junior is still in a daycare (couldn’t get a pre-K spot in school). I withdrew my retirement money! It was almost Halloween last year; Thursday the 29th of October, 2014. I received a strange number on my cell phone. Of course, it was from a stranger. That stranger turned out to be a good Samaritan who called and told me that my dad had been in...
A year of opportunities and adventures Mr. 50 got a job! Our side business started to grow. We barely had time to sleep. Our cake business is now an LLC. We are legal – holy moly…how exciting! We felt like we were on top of the world. Later in the year, we also had a business partnership with a local well-known catering company. Thanks to a locally famous wedding planner who introduced us to the business. We got opportunities to...
It was a year of changes & a new beginning for all of us. We moved almost 900 miles. I started a new career. Mr. 50 was actively looking for a job. 50 junior started daycare. It was a new beginning for all of us. Mr. 50 and I decided to move back to where we were before. A few years back, I accepted a corporate position with my dream company in the Empire State. It was the job of my...
Welcome to By 50 Journey blog! I’m so thrilled you’re here! If you want to learn about personal finance, how to get out of debt, how to save money, and how to earn extra income, you’re in the right place. I’m going to show how and take you with me on our journey to become financially independent. Read on :). If you’d like, please read the reasons why I create this blog here. This page will get you started on the website content....
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