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 7)

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. […]

An Example of How to Save a Bundle on a New Car

I've previously detailed my process for saving a fortune on a new car (and for those of you wondering, here's why I buy new cars). I've used this system to purchase three cars (four now) in the past 10 years, but had never shared the specifics on FMF. […]

Almost Infinite Investment Return

I was browsing through my Amazon affiliate sales the other day and noticed that I had sold copies of two great books: The Millionaire Next Door and The Richest Man in Babylon. I got to thinking about these books, what they contain, and the people who bought them. I also started to think about my own life and how it's been impacted by a few good books. […]

I Just Cashed in $1,600 in Credit Card Rewards

I haven't written much about credit card rewards lately, but that doesn't mean I haven't been using cards that pay rewards. I have been using them -- and as much as possible.I've discussed previously that I prefer to use cards that offer cash back as I can then use the money on whatever I like -- not just on what the rewards programs offer. […]

The Power of Working Your Career

On a recent post, one reader left the following comment: As an aside, in reference to your comment on the link you posted, I want to thank you for the emphasis on working to raise your salary level. It was largely your writings on the subject that have led me to ask for raises, negotiate my salary upfront, and just generally actively work to grow my career. […]