The chances of making it big as an artist, writer, or entrepreneur are vanishingly small. However, there is one way to not only give yourself the best shot possible at succeeding, but avoid a bone-crunching existential crisis if things don’t go according to plan.
The first time I visited Thailand, I couldn’t get over how cheap Chiang Mai was. In my Day in the Life post, I guesstimated my monthly expenses might come in as low as ~US$500, and committed to tracking every last baht to find out the actual figure. Finally, the deed is done! After spending a cumulative six months in this city across three separate visits, I’ve crunched the numbers on all my spending. What follows is a full breakdown of costs across every category, including all the strategies I’ve used to save money.
Star Wars fans come in all shapes and sizes. Sometimes they look like scruffy, twenty-something writers from a small island on the arse-end of the world. Other times they look like besuited, seventy-year-old billionaire fund managers from the American mid-west. David Booth is co-founder of Dimensional Fund Advisors, which manages about $445 billion of investor cash. I didn’t get to ask him to weigh in on the Han vs Greedo controversy, but our conversation was still among the most life-changing I’ve ever had.
If you’ve hitched your wagon to the Deep Dish caravan, you’ve got a big problem on your hands: A bunch of small but powerful lifestyle tweaks have unleashed a tsunami of savings and filled your pockets with cash. What to do with all that lovely money? Getting started with investing is easy, and anyone can do it! Come join our hero Jimmy on his epic animated adventure from total noob to investing badass.
The definition of net worth is simple: It’s everything you own, minus everything you owe. This number strips away the preening, the posturing, and the peacocking, laying bare your real money situation. There’s nowhere to hide. Growing your net worth over time – by reducing debt and building up assets – is the only meaningful definition of financial success. Here’s how to do it.
These are the exact strategies I used to save $100,000 by age 25 – with a few bonus extras thrown in for good measure. Over the years, I’ve written more than 300 columns and feature articles about money. Now I’ve crunched all that research down into a summary of the very best saving tips, which will help you free up a tidal wave of cash…
For the first time in my life, I have absolute freedom to only pursue the things that interest me. The last two decades have been an uninterrupted freight train of schooling and work, so it’s a pretty surreal feeling. There are moments of pure elation, and even the occasional faint trace of guilt. Did I cheat, somehow? Surely it can’t be this easy? I’m waiting for a giant skyhook to descend from the heavens and hoist me up by the seat of my elephant pants, violently jerking me back into reality. It wasn’t until 2013 that I even twigged this was an option…