Rent or own? That is the million dollar question. Conventional wisdom is that you should own a home. For many families, it is the primary method of wealth building. You pay your mortgage every month and after 30 years, barring any re-financing, you own it outright. No more monthly housing payments! Each month along the […]
Author: 80/20 Your Finances
Go Big! Go Home! Tips to Reduce Housing Costs
Probably the largest expense that you face is housing. Your primary residence is often the largest single purchase for most people. If we can change the largest cost, how quick can you reach your personal financial goals? A lot faster than if we saved the daily latte, right? So working from the 80/20 rule, we […]
80/20 Guide to Getting a Raise At Your Current Job
The goal: Ask for and receive a raise, to increase your hourly rate or your annual salary. In the study “Who Ask and Who Receives in Salary Negotiations,” researchers found that employees who asked for more salary increased their starting salary on average by $5,000. Over a 40 year career, a starting salary of $55,000 […]
Get More Money From Your Job
We all want more money. It’s why you are here on this website after all. Some people will tell you to go get a second job or to hustle. Or you know, start a blog. That’s not my advice, not yet. Remember, we are working on the 80/20 – Pareto Principle here. We want the […]