7 Ways to Master Your Money by 25

Are you ready to master your money by 25?  First, tell me if this sounds like you.

master your money by 25You just graduated or have been out of school for a few years.  You left school with a thousands in student loan debt.  And you probably don’t love your job, but, hey, it’s why you went to college.  So, you suffer through it.

Any of that ring a bell?

I’m 32 years old as I write this, but I’ve been where you are.  I’ve been confused about the student loan bills coming in the mail.  Wait, I owe how much?

I’ve hated (and still do) being stuck in a cubicle and not being able to see the sunlight.

I left St. Joseph’s University in 2006 (Go Hawks) with $20,000 in student loans.

The difference between you and I is I’m on the other side of it.  I’m you about 8 to 10 years later.  And, guess what, I survived.

If you hang in here with me, I’ll show you how you can master your money by 25.  (Note: If you’re older than that, should you just forget the advice below?  No, read it anyway!  Unless, of course, you want to keep living in the dark about your money).

Read more

Start a WordPress Blog on Bluehost

Starting a blog today has never been easier. In fact, it’s one of the easiest ways to start your side hustle and make extra money for the family. This tutorial will walk you through how to start a WordPress blog on Bluehost.

start a wordpress blog on bluehostBlogging appeals to people for a variety of reasons. Some enjoy the flexibility of being able to work anywhere if they make enough to live on. Others just like to share their thoughts within their niche and network with like-minded individuals.

Whatever your reason is for starting a blog, it’s important that you don’t skip over the basics. If you want to blog long-term, go with a self-hosted option. That’s why it’s better to start WordPress blog on Bluehost than have a generic Tumblr, Blogger, or WordPress.com blog.

Here are the three areas we will cover to help you start a WordPress blog on Bluehost:

  1. Setting up Bluehost
  2. Choosing your domain name
  3. Running WordPress on Bluehost

For those new to the blogging world, I’ve kept things simple here for you. Learning WordPress takes time, so don’t be hard on yourself. The best thing you can do at this point is be willing to learn.

Now, let’s help you start a WordPress blog on Bluehost.

Read more

How to Start a Blog using WordPress and SiteGround

Do you want to start a blog using WordPress?  Have something you want to say and share with the world?

start a blog using WordPress Trust me, I understand.  That’s why I started Run The Money.  With the Internet and technology the way it is today, you can start a blog using WordPress and have it up and running in less than 30 minutes.

Sound like a plan?  Great!

There are 3 areas I’ll focus on with you today and that’s the following:

  1. Domain name
  2. Hosting company
  3. Blogging platform

We will keep things basic for all you blogging newbies and non-technical people.  Don’t get discouraged as you start a blog using WordPress because understanding the ins and outs takes some time.  You just have to be willing to learn and put in the time.

Read more

Paying Off Debt: How Danielle Paid off Over $48,000 in Debt

Paying off debt is one of those subjects in personal finance and money matters that never seems to get old.  We’ve covered it a few times on Run The Money — both with my story and the stories of others like reader Jody.

paying off debt I think seeing or reading about others paying off debt has to do with people believing it’s possible for them after seeing somebody else do it first.  Kind of like the sub 4-minute mile.  Until Roger Bannister broke the 4-minute mark in 1954.  Then, other runners saw it as attainable and reached it themselves.

Let me tell you.  Paying off debt — no matter how large — is possible.

Enter Danielle from the personal finance blog, The Pennies We Saved.  She and her husband are in the process of paying off debt totaling $73,000.  So far, they’ve paid off over $48,000.  Not too bad!

She was kind enough to share her story with us and how she changed her life to get her finances under control.  Take it away, Danielle!

Read more

5 Reasons To Refinance Your Home That Every Homeowner Should Know

Hey RTM fans, thanks for stopping by today. I wanted to share this post with you below from the good folks at MyFinance. Going about the process to refinance your home is a big decision for anyone. My refinance your homewife and I did it twice at our previous house and there so many things to consider. I wanted to make sure everything was covered, so I want to share this post with you today. I believe you all will benefit tremendously from it. Let me know if you have any questions! Email me at RunTheMoneyBlog@gmail.com.

********

Why Refinance Your Home?

Millions of Americans are refinancing their homes, but what are the reasons why? Hint: It’s actually less complicated than you’d think.

More and more people are refinancing their homes to solve their financial woes…but why? One reason is that refinancing saves homeowners an average of $4,264/year.In fact, just last year almost 2,000,000 people refinanced their homes to the tune of $749 billion. While many have already taken advantage of historically low rates, there are still 6.7 million homeowners that have yet to cash in on the potential savings.

You see, this opportunity was born out of the 2008 Housing Crisis. The Fed dropped rates to historical lows to fight off the recession and opened a window where many Americans could refinance and save. But recently the Fed has signaled interest rates are about to rise.

That’s why it’s important to see if you could benefit from refinancing, before it’s too late.

So, what should you do if you still haven’t refinanced?

Read more

Family Finances: An Aussie Mom’s Take

family financesWe all have trouble maintaining the family finances.  Don’t we?  You never know when something unexpected will happen or what surprise bill will show up in the mail.

That’s why I stress the importance of budgeting, saving, and having that emergency fund.  And also doing whatever you can do to pay off debt and relieve yourself of that financial burden.

In that vain, I asked Zoe from TheMummyLife.com to give us some insight about how she handles her family finances.  She was kind enough to answer some of my questions and I look forward to inviting her back as a guest blogger.

So, now, coming to us all the way from Australia, here’s Zoe.  I trust you will find her advice helpful and hope it provides some insight for your own situation.

Discussing Family Finances with Zoe from The Mummy Life

Zoe, can you provide the readers a brief introduction of who you are?

My name is Zoe, I’m 26 and a first-time mum to a beautiful little girl. I live in Australia. My interests consist of helping others, savvy shopping & learning new things every day.

Read more

Looking for a Last Minute Graduation Gift? How about Stock?

I know what you’re thinking. What teenager graduating from high school or 20-something leaving college wants stock as a graduation gift?  It’s the last thing on their minds.  They just want to party and live it up.

graduation gift stockpileHowever, it’s the only gift I remember when I graduated high school back in 2002. Then, I worked for Sesame Place in Langhorne, PA.  I spent my summers as food cart guy, or as they misleadingly named the division – Culinary Operations.  I don’t know what else to call it, but we were not exactly dishing out French cuisine.

But, I digress.

Sesame Place is a children’s water and amusement park owned by Anheuser Busch. So, my parents purchased one share of stock with the ticker symbol: BUD.  The certificate of stock was very “official looking” and came in a frame with my name and graduation date at the bottom.  It still hangs in my childhood room to this day.

As I said, it was one of the more memorable gifts I ever received. My parents actually repeated the process with my brother, Jim, who got stock in MTV.  He was always a big music buff and loved playing the guitar in various garage bands.

With the giving spirit in mind, I want to introduce you to Stockpile. They were kind enough to reach out to me because they want to get their product in front of as many people as possible.  After checking them out and having a conversation with them, I agreed to share them with all of you.

Read more

Not Taught At School: How Mark from the UK Made £150,000 in 18 Months Online

I recently reached out to various Facebook groups and on social media looking for guest writers. My plan is to build up content for Run The Money to bring you the latest and most interesting topics.  With Mark Furniss today, we have a great interview about how to make money online.

make money onlineMark runs a site called Not Taught At School and is based in Yorkshire in the UK.  His mission is to help people like you and me learn more about how to make money online through blogging and providing services.  He’s had some great successes in his decade long career and I think we can all learn something from this interview.

So, here we go. Check out my discussion with Mark and let’s get you thinking about the possibilities of starting an online side hustle!

Mark, can you provide the readers a brief introduction of who you are?

Hey everyone, I’m Mark the owner of Not Taught At School, from Yorkshire in the UK, I’m engaged to Catherine and we are getting married on the 7/7/17. We have a beautiful son called Harry who is 4 years old.

I’m lucky in that I have a full time job that I enjoy and get to travel all over the UK. I run several different online businesses and love learning all the different ways you can earn online.

Read more

Successful Military Veterans We All Can Admire: John Lee Dumas, William H. McRaven, and Marcus Luttrell

Who here likes a good story?  I know I do.  I enjoy reading about successful business people and entrepreneurs.  It just pumps me up for whatever reason.  That’s why I thought it would be fun to dive into the lives of a few successful military veterans who have garnered my attention over the years.

successful military veteransThese three individuals represent the military’s attitude rather well.  Leadership by example.  Courage in the face of obstacles.  Taking initiative and answering the call.  That’s what these guys were counted to do while they served.  And it’s paying dividends in post-military life.

Before we get into who these gentlemen are and why I admire them (and you should too), grab a pen and paper.  Or open a note taking app in your smartphone.  You’re going to want to write some of these lessons down from these successful military veterans.  I guarantee it.

Let’s get to it.

John Lee Dumas.  Of all the successful military veterans, he truly is on FIRE.

If I could describe John Lee Dumas in one word, it would be action-taker.  No, I don’t know him personally.  Although, by listening to his podcast, you feel like you do.

JLD (as he likes to refer to himself) takes initiative, which is clearly the type of trait you want to have in the military.  He served in the Army and did a 13-month tour in Iraq.

But, this post is about what these guys did after they finished serving.  He left law school after one semester, worked at a start-up and tried his hand at commercial real estate, but nothing stuck.

Read more

How Two Navy Pilots Saved $500,000

I’ll continue to sing the praises of Twitter for as long as I live. It’s allowed me to connect with so many like-minded people and learn about some truly interesting stories.  The latest one comes from Dan and Don of FlyByMoney.com.  These two Navy pilots saved $500,000 combined on government salaries.  I asked them to guest post to share their story with us.  I appreciate them being willing to do so.  Without further ado, here’s Dan and Don.

********

navy pilots saved 500000Hey everyone! We’re Dan and Don, the owners of FlyByMoney.com. We were so happy to be asked by Dave to write a guest post for his blog!

Some background on these two Navy guys.

Formally, Dan is educated in Economics and Don in Civil Engineering. We both hold Bachelors of Science degrees from nationally recognized schools.

Neither of us drives a fancy car. Dan drives a reliable 2009 Hyundai Elantra he bought using the methods he’s written about here, while Don drives a 2007 Ford Focus he bought used.

Outside of our mortgages, Dan is the only one with debt, with about $1,300 left on paying his wife’s car off within 6 months of purchasing it. Both of us have invested and saved roughly $250,000 each, both within 6 years of graduating college.

Read more