Cutting back on spending, saving more, and investing your money to generate passive income – these are some of the best ways to get ahead financially. A little bit of finance knowhow also helps. We’ve scoured the internet to find some of the best smart-money blogs to help you get ahead. These bloggers are not here to offer financial advice, but they do offer a wealth of innovative and informative ideas to help you take control of your finances and rethink your attitude to money.
Have you heard of the FIRE movement? It means Financial Independence, Retire Early. But what’s the point of striving for a goal if you don’t enjoy the journey, says Joel, who recently took over the reigns of Budgets Are Sexy? Check out his more laid back alternative – Coast FI – it sounds so much more workable, but still achieves the same goal.
At a time when many of us are taking an unscheduled sabbatical, Joel’s insights are of particular relevance. Two years ago, he decided to take a sabbatical, and has never looked back. His journey to better health, happiness, and new opportunities could be yours – and Budgets Are Sexy will help you get there. Not able to take time off? Joel shares his epiphanies so you don’t have to quit your job to learn the lessons.
“I get asked ‘how much money should I save?’ quite often,” says G.E. Miller of 20 Something Finance. But that’s not a question to which he’s prepared to give a one-size-fits-all answer. Instead he offers this wise advice: “Save every cent that you possibly can without reducing sustainable happiness.”
11 years back, Miller was working hard, yet had no savings and significant debts. He decided to change all that and documented the process for the benefit of all. Now he’s not only debt-free, but far less materialistic, and financially independent. Would you like to save on your mobile cellular data usage? 20 Something Finance gives you eight awesome tips to help you do just that.
Are you spending more than you earn? If credit card debt is getting the better of you, you must read Debt Roundup’s guide to smashing credit card debt. It took blog founder Grayson and his wife just four years to smash $75,000 of credit – find out how they did it, so you can do the same. Tip number one: STOP spending money without thinking.
Debt Roundup does more than talk the talk. Because the blog’s creator has been where many people are right now – deep in debt – he’s perfectly placed to help you follow him out of the red and into the black. Looking to make a little extra money? Check out Grayson’s 101 Side Hustle Ideas.
If you’re not rich, can you still feel rich, asks the Financial Samurai? Answer: yes. As he explains, once you’re earning enough to cover the basics, making more doesn’t add much to your overall happiness. But he does have some tips that will help you feel better off, no matter how thin your wallet. Like making choices that put you in control of your destiny – not all rewards are financial.
But rest assured that when you do want to “slice through money’s mysteries”, blog creator, Sam Dogen is ready with all the information you need to turn your finances around. Formerly of Goldman Sachs and Credit Suisse, Sam retired in 2012 at age 34, with a passive income for life – so when he explains why real estate will always be more desirable than stocks, it’s worth listening!
“Resets due to BLEs can make people feel panicked,” says J.D. Roth of Get Rich Slowly. Whether your Big Life Event is separation, illness, career change or something else, it can make you seriously reassess your future path and, crucially, your finances. Cue J.D. who in 2006 decided to dig himself out of debt, and has now retired young.
Helping you sort your finances and your life is the Get Rich Slowly mantra. This isn’t about get rich quick schemes, but prudent steps you can take now to improve your financial health. Ready to start? Begin with the money basics – check out J.D. Roth’s guides to debt, budgeting and frugality.
Need to make a little money in a hurry? Take a look at Good Financial Cents’ rundown of 87 ways to make $100. From participating in surveys that pay, to being paid to shop, renting out your car, becoming a mystery shopper and – 83 more great money making tips, this is a great place to start looking for ideas to nurture your inner entrepreneur.
An Iraq veteran, Certified Financial Planner, and writer for some of the world’s top business and finance publications, Jeff Rose is a great source for money advice. Want to retire in 10 years? Even if you have no savings, Jeff says, there is a way to do it – why not check out his strategy and give it a try?
Struggling to pay your bills during the pandemic? In any crisis, pay your rent, mortgage payments, food, medications, and utilities first, says Len Penzo. While you’d normally prioritize creditors charging the highest interest, these are not normal times – do what you have to do to stay fed, healthy, and housed.
With plenty more useful advice on dealing with debt, maximizing your income, researching stocks for beginners and more, Len Penzo is a great source of financial know-how. Wondering who the heck Len Penzo is? He’s an electrical engineer – and ‘CBS Money Watch’ says he’s one of the best people to follow for money tips and tricks. As Len says, “Pretty cool, huh?”
Does the current economic crisis differ from the Great Recession of 2008? Is the current recession already over? Do increased unemployment benefits disincentivize workers? Find out the answers to all these questions and more by tuning into the Money For the Rest of Us podcast – essential listening for anyone who wants to keep on top of their finances and investments.
Money For the Rest of Us is the brainchild of former investment research team manager, David Stein. He says: “My biggest financial challenge is the same as yours: making sure I have enough money to retire and that those resources last.” Need help with protecting your investments from inflation? Make sure you check out David’s guide.
Downsizing can be a home-run financially, says David Ning of Money Ning. But only if you get it right. To help you maximize the passive income generating lump sum you’ll get from a downsize, David offers his “7 Money Mistakes to Avoid When Downsizing in Retirement.” Mistake number one – Overestimating the proceeds from your homesale.
“What separates people struggling with debt from those who are on their path to financial freedom,” David asks? Answer: “Taking action from common sense knowledge.” That’s right – you’ll find everything you need to know to manage your personal finance better at Money Ning. All you need to do is act on it. Start today with a frugal household budget.
The average family of four in the US spends nearly $1000 per month on food. Mr Money Mustache says: “Let’s say a family of four wants to spend only $365 per month on groceries, saving them $579 per month over the USDA average family. Investing this saving would compound into about $102,483.00 every ten years.”
Does that sound good? Mr Mustache explains how his family eats well for an average of $1 per person per meal. How would you like to retire early? Mr Mustache finished formal employment while in his mid-thirties. And now he explains how you can also “create a life that is better than your current one, that just happens to cost 50-75% less.” Awesome.
Should you retire early in a recession? Joe Udo of Retire by 40 says, “This recession is huge and we don’t know how long it will last. Quitting your career right now is not a good move.” That’s because most early retirees need to live off their passive income which takes a hit in lean times – still considering your options? Joe lays out the pros and cons.
Joe retired from his engineering career to become a stay-at-home dad and blogger aged just 38. Retire by 40 charts his journey to freedom from the stresses of a full time job to the flexibility his current lifestyle affords. Would you like to achieve financial independence? Joe shares his own journey to enable and inspire you to strike out on the path to passive income prosperity.
Your impact-effort matrix is, “one of the biggest wins you can make with your finances and with your life,” says Trent Hamm from The Simple Dollar. Never heard of such a thing? All you need is a piece of paper, a pen, a little of Trent’s very helpful guidance, plus the willingness to evaluate your life and financial position, and you’re ready to develop the insights you need to make money work for you.
The Simple Dollar is Trent Hamm’s answer to debt. Having used many of the strategies he writes about to dig his way out of debt, he’s created a community of like-minded people who’re committed to helping you get to the same happy position in your life. Questions about investing and retirement? Check out The Simple Dollar for the answers you need.
We hope our run down of some of the best finance blogs on the web has interested and inspired you. Have we missed one of your favorite money saving/money making blogs? Head over to our Facebook page and leave us a message. We’d love to include it in a future feature.