The Power of ONE: Why I Threw Out My Tupperware

Just pick ONE!

That’s the “secret” to simplifying your life and freeing you to focus on what you really want.

Avoid “paralysis by analysis” by choosing one method and sticking with it for a while.

I figured this out after getting fed up with all the different kinds of plastic food containers in my kitchen. I hated putting food into one type, then not being able to find the lid to match, then having to dig around a mess of containers to find the right size and it’s corresponding lid. GRRR! ENOUGH, DANGIT!

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How To Be Wealthy Part 2 – Expenses

In the last wealth post we talked about the two keys to unlocking wealth: 1. Decreasing Expenses, and 2. Increasing Passive Income.

This time, we’ll take a look at the Expenses side of things. Decreasing expenses is a surefire way to get closer to wealth and set yourself up for safely building passive income. I think this step is super important, and it is the whole reason Debt Freeks exists. Reducing expenses and defeating debt is an extremely powerful mechanism for wealth-building and financial success, freedom, and independence.

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Do Work You Love

Do work that matters and have fun doing it.

Getting hired at a place you’re interested in may feel daunting, but really it can be quite simple. Think you’ll never be able to work at an awesome company that’s doing amazing stuff?

Why not? Continue reading

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Budgeting Is Dead

If you’ve heard it once, you’ve heard it at least twelve hundred times: In order to master your finances you must have a budget.

What is a budget, anyway? In the traditional sense, it is an amount you set as a limit for a certain category of spending. In the practical sense it is a way to set a theoretical amount of money you will spend on certain things.

In an even more practical sense, it is a way for you to make yourself feel like a loser every month.

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How To Save Money

Here are three widespread savings myths that are derailing your goals and how to stop them.

Saving money is already hard enough. The threat of misinformation just makes it harder. I want to reveal three surprisingly popular myths that keep you from reaching your savings potential, and then provide you with a few ideas about how to really ramp up your savings game.

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5 Ways to Beat Financial Stress

Do you want to get more done at work or at home? Want to get ahead and make more money? Find ways to get rid of financial stress! Read more to find out how!

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How to Be Wealthy

What is wealth, anyway, and how do we get it? When is someone actually considered wealthy? The word “wealth” often conjures images of celebrities, CEOs, nice cars, and luxury items (caviar!). The common conception is that once you have a certain amount of money, or start living a certain lifestyle you’ve become wealthy, but that isn’t always the case. Read on to find out more.

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Live Large, Save Big – Sushi at Home

Just saying it feels expensive.
A night out at the local sushi joint with the pals can easily rack you up a $60+ bill. Ouch.
Can a similar meal be had for less? Absolutely! Read on to find out how!

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Dealing With Detractors

There are plenty of people who will try to dissuade you from seeking financial security through debt freedom.

These people might say things like:

  • Debt is just a way of life
  • Debt is a tool that will let you get what you want
  • All the successful people use debt to get ahead
  • The only way to get an education is to use a student loan
  • Everyone pays on their student loans for twenty years, it’s just the way it’s done
  • If you don’t have debt (credit cards and student loans), you’ll never be able to buy a… (house, car, business, etc.)

Unfortunately these people have bought into the big lie that you need to be a slave to be successful. I’ll let you in on a secret: the only way to be successful is to be free. Take a look at the lives of the most successful people, they are masters of their finances, and don’t rely on debt to buy things they want and need. Instead, they rely on work (or their money working for them in the form of assets). Many people who are “living rich” through their possessions and their stuff are not rich on paper, but they encourage others to leverage themselves to the hilt, borrowing money to live like they do using excuses like the ones above. This is not wise.

Don’t listen to people who are “stuff rich” but cash poor. Instead, listen to your heart and good sense. If you feel like you have to borrow to get something, take a minute to think about if that thing is worth having and how it will be beneficial to you over the long term. New car on credit? Probably not, when you can get a good used car for 75% less and pay cash. The latest fashion on a store card? Probably not either, when styles change, but your monthly payments remain. You can get classic, timelessly stylish clothes at a discount somewhere else.

When you destroy your debt, your money is yours again. You get to decide where it goes and how it works for your life. You want a new (fill in the blank), and you have the money? Think about it, then get it if it is a good thing to do. Take the high road to success and know that you have put in the work to earn those nice things. Borrowed wealth doesn’t last, but real wealth can last for generations.

When people confront you along your journey to financial freedom with negativity, take it with a grain of salt (they may not know any better). Remain firm in your conviction to freedom, and stay the course. You’ll thank yourself later.

Until next time,
Do Brave Deeds and Endure!
– Ben at Debt Freeks

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Pay Off Student Loans 3x Faster With One Simple Trick

Are you a student in Oregon with student loans and a part-time job? You could pay off your loans three times faster than your peers by doing just one thing. Let me fill you in on this little secret.

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