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 (page 4)

Six Rookie Landlord Mistakes

Money magazine lists six rookie landlord mistakes as follows: No. 1: Underestimating costsNo. 2: Breaking the lawNo. 3: Skimping on vetting prospective tenantsNo. 4: Ignoring renters insurance policiesNo. 5: Failing to check out the property regularlyNo. 6: Going DIY at tax time My take on these: I always estimate high on costs and low on revenue whenever I look at a property. […]

How Much Do You Need to be Rich?

This article from the NY Times is interesting for a few reasons: 1. It equates being "rich" with your annual income (at least in part), a frequent mistake by the mainstream media. 2. It verifies something we've addressed frequently here: the more you have, the more you think it takes to be rich.3. […]

What Outdoor Feature Would You Most Like for Your Home?

Money magazine asked its readers what outdoor feature they'd most like for their homes. Their responses: Pool -- 30% Deck -- 28% Screened-in porch -- 26% Kitchen -- 16% It's funny to see this question since we're now debating this ourselves (given we have a new home). What do we want most? […]

Unwanted Emails

I received a couple emails this morning from FMF readers saying that they are getting emails from me trying to sell all sorts of things. I am not sending these out. I'm still trying to figure out exactly where the emails are coming from (neither of my email addresses have been hacked as far as I can tell). […]

Help a Reader: Retirement Savings

Here's an email I recently received from a reader: In an attempt to combine Dave's (Ramsey) 15% savings solution with an early retirement I'm stuck with a dilemma. […]

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 […]