A Hillbilly Elegy Review

I’m always hyper aware of books that are mentioned around me. To the extent that I keep a running list of books that I need to read, often putting them in my wishlist on Amazon. When the same titles are mentioned again and again, I take that as a sign that it deserves a place on my reading list. When the recurrence of that title warrants it, the book moves all the way up my ‘to read’ pile and becomes the next book in succession.   The most recent book that fit that description was Hillbilly Elegy by J.D. Vance. …

You’re giving away money if you’re not using this tool

While I, myself, am not always the most frugal shopper (coupons aren’t really my thing and I tend to buy what I want instead of waiting for it to go on sale), my wife is an incredibly frugal person who knows how to work every angle and snag every discount possible. So when I found out the power that having Ebates loaded into my Google Chrome browser created, I kicked myself for the hundreds (and possibly thousands) that I could’ve been getting a nice little Ebate on. Here’s how it works: You simply sign up for an Ebates account, easily …

Book Review: Mindset by Carole Dweck

The reason I started the MasteryOfMoney.com blog in the first place is I once heard everyone should be pursuing mastery in something. Since “money ranks right up there with oxygen on the need to have it scale”, why not pursue the mastery of money? (Quote credit to Zig Ziglar). I’ve seen numbers as high as 60-70% of the general population live their lives with money concerns that could likely be eliminated with the right amount of information, study and practice. So why don’t more people pursue the Mastery of Money? As Carole Dweck points out in this MasteryOfMoney book review, …

How The Four Hour Work Week Ruined Me

In late 2007, someone referred a book to me that they considered “right up my alley.”  The book was The Four Hour Work Week, by Tim Ferriss. My initial response was, “no possible way” as there is no question I was working WAY more than four hours a week and couldn’t imagine it any other way. I was running a mortgage brokerage at the time, leading a handful of people in an industry that was being clamped down on by regulators, I was still speaking professionally on the side, and we had just had our third child (a whoops baby). …

Are You Profitable?

One of the industries I invest in is property and casualty insurance. It’s a brilliant model for a couple of reasons:   They very rarely lose money. Everyone needs it. The main reason I invest in it, and why I think it’s a great example for how you should be approaching your personal economy, is they’re almost always profitable. Think about hurricane seasons in the past — a storm (or storms) devastate a part of the country and insurance premiums go up all over the country. Why does this happen? So the company issuing the insurance can remain profitable. The …

Why Black Friday is like the Iowa State Fair

I love Black Friday. But not for the reason that most people like Black Friday. Me getting up at 4am to get the door-buster deals generally doesn’t happen. However, me getting up at 4am to watch what happens when the door-buster customers show up routinely happens. Black Friday is like the Iowa State Fair for me. It’s a circus, oftentimes mayhem, wrapped in cloaks of consumerism, greed, and sloth. It’s not the deals, but the details I’m interested in. While the benefits of $2 DVDs and $200 TVs are unmistakeable, it’s the people watching that makes the day such a …

3 Easy Ways To Make Money This Weekend

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With the side hustle becoming a part of American Millennial culture, what better way to go into the weekend than a comprehensive list of things you can do this weekend to make some extra scratch? The following are five easy ways to make money this weekend that don’t require advanced degrees, crazy hours, selling bodily fluids, or becoming the subject of a sketchy research project: Start Driving For Uber : There’s a reason that Uber has become the quintessential side job. You can work whenever you like, for as long as you like, and even get the funds sent to …

4 Reasons To Start A Side Hustle

Wouldn’t it be nice to have multiple streams of income? Even better, wouldn’t it be nice to make money doing something you love? Creating a side hustle not only can stimulate your bank account but can stimulate your mind and soul. There are many reasons to start a side hustle. For me, it was a way to go to school, pursue my dreams, and make extra money. I worked for a cosmetic company for years and loved it. However, the hours were insane and did not allow me to pursue my other passion, finance. I took my network and knowledge …