Free Money Finance

Free Money Finance is a personal finance blog designed to help readers grow their net worth. The site is over four years old and contains more than 7,000 posts on saving money, making money, investing, planning for retirement, and all other personal finance related topics.

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Latest Posts from Free Money Finance

How to Earn an Extra $1.4 Million in Two Steps

Ok, so you probably doubt that I can deliver on my headline. Well doubt no longer. Consider the two steps needed to earn $1.4 million more over your career than those who don't do these things: 1. Get a college degree.2. Negotiate a higher starting salary. Let's take these one at a time. […]

One Step that Leads to Wealth

Lifehacker shares a post from Budgets are Sexy (a site I love, BTW) that guarantees you'll become wealthy if you just take one of these simple steps: 1. Max out your ROTH IRA every year ($5,500)2. Max out your 401(k) every year ($17,500)3. Max out BOTH your IRA and your 401(k) every year! ($23,000)4. […]

Help a Reader: What to Do with Cash

Here's an email I recently received from a reader: My wife and I are both 30 with no kids and we have a dilemma.  We are planning to retire by 45 and have no debt except our current primary mortgage at $100K.  I have roughly $90K in my 401K and we are not particularly interested in increasing retirement contributions as we plan to retire much younger than is normal.We just sold a rental house a […]

Is Buying a Business a Good Retirement Income Strategy?

My retirement plan is based on my assets generating enough income for me to live off without having to spend any principal. To do this, I need to save up a good amount of assets plus earn a good amount of income on them. These two are inversely related -- the more assets I have, the less I have to earn on them. […]

Capital Gains Tax Gets More Complicated

The following is a guest post from Marotta Wealth Management. I have made my share of tax mistakes when selling assets, but have also used market downturns (like 2008) and charitable donations of stock (as he notes below) to strategically readjust my holdings. […]

Is Rental Real Estate Really Passive Income?

Fox Business has an interesting post on passive income in general and rental real estate as passive income in specific. After having been a rental real estate investor for two years now, I definitely have some thoughts on this issue.But let's start with what Fox says. […]

Net Worth Gains through the Years

I love, love, love Quicken and have been using it for years -- almost two decades now. One thing I like so much about it is that it allows me to track my net worth and see my progress over time.I thought I'd share my net worth gains by year (from Quicken) to demonstrated how the path to growing your net worth is not one straight climb. Sometimes it's up a bit and sometimes it's up big. […]

Buy Term and Invest the Difference

I've written a couple times about buying term life insurance and investing the difference. For those of you unfamiliar with the phrase "buy term and invest the difference," it simply suggests that you do not buy permanent life insurance and instead by the cheaper term life insurance and invest the money you saved doing so. […]