5 keys

A little too late you may say. “If your money is your business why do you write so much it”? No, my money is my business as in: it is my place of business, it is there to generate our income. A modest income at that. My business isn’t running that well to be honest. The year I took the helm (the year I retired), SPY saw a high of $208.44, yesterday SPY closed at $209.28. In that time span we’ve also seen SPY drop to a mere $182. Since my business is build on a foundation of mostly SPY one might say we’re off […]

My Money is My Business

There we have it, another year has passed and an interesting one it has been for us. This was the year I started this blog. It has been the first full year that I’ve been off of work and as a result we’ve tried to live by a fairly strict budget. We’ve had a shitty stock market and some serious medical expenses come our way but in the end we’re all doing just fine. The Blog It has been a year of blogging and writing for both me and my wife. January of this year I started this blog millionin10.com. […]

Millionin10 2015 in review

You know the story line: Clark is expecting the Christmas bonus to pay for the money already put down for a swimming pool. Frank Shirley, Clark’s boss turns out to be a crook and the bonus doesn’t come. Things go south from there real quick and real bad. Yes, its from National Lampoon’s Christmas vacation but, truth is not too far from fiction. The minute that financial windfall comes along, many of you tend to spend it right away. Sometimes even before you have it. You’re all doing it wrong. There is the misconception that the soul purpose of money […]

Extra money? Stop it, you’re doing it all wrong!

Stupid question right? Who doesn’t want to be a millionaire? The question should maybe be “are you willing to pay the price to become a millionaire?” If you want to become a millionaire  and are willing to do what it takes you can read up on the 5 keys to building wealth which will lead you to many other posts on this blog. Before you do that, the second key in my 5 keys to building wealth is about setting a goal and creating a plan. If you want to set the goal of one million and plan accordingly you […]

Do you want to be a millionaire?

There are many articles I’ve written that apply to the 5 steps of building wealth. A short reminder on the 5 keys: Start early Set a goal and create a plan Live below your means Invest wisely Be patient and stay the course I’ve written a couple posts related to the 5th key with regards to patience. In short, it simply takes time to build wealth. There are no shortcuts and please don’t fall for any get-rich-quick schemes. They tend to not work and in the end cost you. What I haven’t written much about is the “staying the course”. […]

The fifth key: Be Patient and Stay the Course