How Im getting richer every day 4 ways to increase wealth

How Im getting richer every day 4 ways to increase wealthHow Im getting richer every day 4 ways to increase wealthIm not hungry for money. Compared to several years ago, when I had less money, I still have the same life.I wake up, drink my freshly brewed coffee, read a good book, and then departure working until about 3 or 4 in the afternoon. Then, I put on my shorts and t-shirt and start working out.Sometimes I listen to music during my workouts, and sometimes I dont. After working out, I have dinner with my family. We watch a TV show or movie after we eat. And then, I get back to working or reading.You see, it doesnt take much money to live a good life. Benjamin Graham, one of the most respected investors of all time, once told his apprenticeMoney isnt making that much difference in how you and I live. Were both going down to the cafeteria for lunch and working every day and having a good time. So dont worry about money, because it wont make much difference in how you live.Of cours e, his apprentice was Warren Buffett, whos one of the wealthiest people of all time. And after reading his biography, Snowball by Alice Schroeder, Im pretty sure hes also one of the most frugal people of all time as well.The man was notorious for his spending pattern. That is, he didnt spend money at allBut if we look at Buffetts strategy, we must admit that it works.Enjoy your simple life, save your money, invest it wisely, and dont lose your money. Thats how you get richer every day.In the rest of this article, I explain how I apply this strategy in daily life.1. Live leanI keep my expenses as low as possible without sacrificing the quality of life. My apartment isnt big, my mortgage is low and so are my energy and water costs. I drive a Fiat 500, and my car insurance is 26 ($30) a month. And I only fill it up with gas once a month because I live close to my office, friends, and family.I stopped buying fashionable items like gadgets and clothes that are in. But I must say, I dont save on my wellbeing. I buy books every month. I eat good food. And I go to a good gym. And I also built a small gym in my office.You see, I dont live like Mr. Money Moustache or minimalist folks, I have my own definition of living lean.That is Dont spend your money on things that dont give you lasting benefits.For example, healthy food keeps me fit and lean. Books satisfy my thirst for knowledge and thinking. Working out gives me calm. Going on trips and holidays give me inspiration. And so forth.But you know why Im not afraid to spend money? Too often, we despise greed - which is also an extreme state of mind.However, if we dont spend money at all, we become stingy and fearful - another extreme state of mind. And thats no good either. Seneca said it best in On The Shortness Of LifeYou can make the same point that rich and poor suffer equal distress for both groups cling to their money and suffer if it is torn away from them.Strive for balance, my friend.Never spend more than you earn. But remember that life is too short to eat rice and beans.2. Always keep a bufferSo we all know how to build wealth, right? Save your money and then invest it. Thats the idea.But before you even think about investing, you need a buffer. What will you do when your fridge breaks down? Okay, I admit it thats a clich. Let me give you a better example.Lets say youve experienced hardship for the past year or so. A family member passes away. You get ill. And youre having less fun at your job. Things have been tough.If you have a buffer, you can say, fk it, lets go on a holiday.Money buys freedom. We must be honest about that. However, you dont need a 1000000 bucks to be free. Personally, I like to have 10K ($12k) on my savings account that I can always access.For the first few years of my career, I worked hard and didnt spend much money, so I could build up my buffer. And ever since I built up my buffer, I never let it dip below that number. I also dont invest that money. I dont car e about inflation since I make money in different ways.My buffer is here to keep my mind at peace and helps me to do what I want.3. Invest defensivelyLook, individuals like you and I never make money with stock trading. Whats more, professionals dont even make money with trading.Just look at the results of fund managers. Almost no one beats the market. And if they do, its probably because of luck. At least, thats what Nassim Nicholas Taleb has been saying for almost two decades.For the past few years, Ive become more risk-averse. I stopped investing in individual stocks. Its too risky. Plus, when I own stocks of a company, I cant help myself from looking at the performance on a daily basis.Thats why I put my money in index funds - where youre essentially investing in a whole group of companies, bonds, etc. Of course, there is still risk involved. But at least Im saving myself time because Im no longer trying to pick stocks, which is a waste of time.If you want to learn more about i ndex funds, I recommend reading The Little Book Of Common Sense Investing by Jack Bogle. I also made a booklist with the best personal finance books that Ive read.Once a month, I buy more shares of the Vanguard SP 500 ETF and thats it. The cost is low, and the risk is also relatively low (when a company thats on an index goes bust, it gets replaced by another one).I dont trade ETFs, and I dont look for other better index funds. Thats my whole investing strategy. It can go up, it can go down, but at least Im not bothered by it.4. Diversify incomeLets be realistic, the return I get from the index funds is NOT income. In fact, I dont try to make money with investing.Wait, what? That doesnt make sense.Let me ask you this Whats the purpose of investing? To me, its not about making money. Its about building wealth. And those two things are very different. I invest for my retirement. Thats about my future.I make money by working today. So instead of spending hours trying to diversify your investments, diversify your income.Thats the biggest mistake people make. They rely on one income stream. And even if you have a job, there is no excuse to only rely on your employer for 100% of the money you earn.Think about it. Why does your money come from one stream? Is that your strategy? Why?Forget about active investing and diversification - thats for the delusional or the professional.Generate more money. Sell something online. Rent out your apartment on Airbnb and go live with your parents on those days. Provide value in exchange for money (listen to my podcast geschehnis about it if youre interested in blogging as a career). Do what it takes.Generate cash. Then, invest it in assets. Buy real estate. Rent it out. But dont take it too lightly.Yeah, Im going to buy an apartment right now and immediately rent it outIf it was so easy, everybody would be rich. The world has changed. Banks dont lend money easily.You need income. Everybody dreams of having passive income but that s only the second stage of your financial strategy. First, you make money, and then, you invest it.And after that, money itself will take care of the rest.This article first appeared on DariusForoux.com.

Report Fewer men than ever are breadwinners

Report Fewer men than ever are breadwinnersReport Fewer men than ever are breadwinnersOver the past four decades, women have been responsible for bringing home an increasing proportion of their household income - yet when it comes to deeply ingrained beliefs about whose responsibility it is to be the breadwinner, men are still the default, according to a new study.The findings, released by the Pew Research Center, looked at couples from 1980 through the current day and found that the percentage of women in couples who earn as much as or more than their male partner jumped from just 13% to 28%, while the number of male breadwinners dropped from 87% to 69%.Yet 72% of men surveyed said they believe its important for the man in a relationship to be able to financially support his family in order to be a good partner, while just 25% of men thought that a woman needs to be a breadwinner to be a good spouse, researchers found.In most couples, men contribute more of the income, and this ali gns with the fact that Americans place a higher value on a mans role as financial provider, researchers wrote.The study did not look at same-sex marriages.Women had similar expectations of the men in their lives, with 71% of women surveyed expecting their male partners to bring home the bacon to qualify as a good partner, the study found. But women had higher financial expectations of themselves, with 39% saying that women should be able to provide financially for their families.The expectations of a male breadwinner are consistent regardless of level of income or race, although high-school educated couples have higher expectations of a wife who can financially contribute than those with a higher degree, researchers found.

Leverage Government Service in a Private-Sector Resume

Leverage Government Service in a Private-Sector ResumeLeverage Government Service in a Private-Sector ResumeLeverage Government Service in a Private-Sector Resume How to Leverage Your Government Service in a Private-Sector ResumeBy Kathryn Troutman, RP President The Resume Place, Inc., andCreator and Program Director, Ten Steps to a Federal Job Certification ProgramPublished July 6, 2017Youve done well in your federal government career, but you have various reasons to consider a leap to the private sector Although youve progressed on the GS pay scale, youre looking for mora upside potential. Or you want to apply your considerable skills in a more entrepreneurial environment. Or youre frustrated by the budget, staffing and mission uncertainties that come with this rookie White House administration. Or maybe some combination of the above.Whatever your motivations, this is a great time for government employees to consider private-sector career opportunities, with open jobs reaching a re cord 6 million in a recent Bureau of Labor Statistics report.But before you start applying, take care of business by thoroughly revamping your long-form federal resume into a two-page resume for the business world whether youre interested in managing a local concern or signing on with a Fortune 500 corporation. Heres how.STEP 1 Make the decision to consider career opportunities outside of government. The transition from federal to private-sector employment presents some challenges, but you are up to the task. So commit to taking a good look at whats out thereSTEP 2 Identify two private-sector job postings of interest. Consider which of the many skills youve developed in the civil service will be fruchtwein transferable to the business world. Focus on the private-sector opportunities that youll be most passionate about.STEP 3 Start writing your private-sector resume. Highlight core competencies that you have developed working for the federal government, especially those that ar e transferable to the private industry and to the specific role that you seek.STEP 4 State relevant, impressive accomplishments and match keywords from your federal career. Use language that will catch the ear of the private-sector employers you want to work for use keywords that figure prominently in the job postings youre targeting. Avoid acronyms and jargon that may only have currency in government. Your transferable experience and accomplishments will impress your mastery of the language of federal bureaucracy will not. Additionally, many private sector forms will use automated systems for keywords from their recruitment advertisements.STEP 5 Keep it short. If youre working from a typical multi-page federal resume, condense it to no more than two pages in 11-point type. Eliminate the inessential cut irrelevant experience and avoid describing accomplishments that dont translate well to a private-sector job application. At the same time, assume that your audience knows nothing about the inner workings of your government agency or department. Where you must explain, keep it very brief.STEP 6 Ask a friend or associate for feedback. Give a trusted person your resume on paper and a red pen to mark it up with detailed, thorough and unsparing feedback on the form, content and prose style. Try to find a reviewer who is employed in the private sector, preferably someone who works in the industry youre targeting. Ask them to imagine themselves as your hiring manager and to give a thumbs up or down as they read each line.STEP 7 For each job posting, create a customized cover letter. Write a letter to your audience of private-sector recruiters, human resources professionals and hiring managers that provides a bridge from your government experience to the requirements of the position you seek. You can mention your reasons for making a move to the private sector, but maintain a positive tone throughout.Use our free, fast and excellent Cover Letter Builder Click h ere.STEP 8 Track your private-sector employment applications. Use online tools, email and phone to monitor the progress of your applications and to follow up personally as appropriate. Keep pace with the private-sector hiring process, which can move more quickly than government recruitment.Contact The Resume Place if youd like helpin exploring career options in the private sectorGET HELP WITH YOUR TWO PAGE PRIVATE SECTOR RESUMEGET QUOTE HEREmora than 15 samples of one and two page private sector resumes that are designed with www.hloom.com free resume templatesBeautiful resumes with columns, bars and logos. Perfect for private sector job searches