Q&A: Doubling My Income, Life Insurance, and SEP IRAs

Your Money or Your Life guides you through 9 steps to reach financial independence—not having to work for money. Unlike other personal finance books, this book is about more than budgeting. Rather, it’s about changing your entire relationship with money and, consequently, living a more meaningful life. You’ll learn to think of money as “life energy”—the time and energy you dedicate to paid work—and use this new mindset to align your spending habits with your values, purpose, and dreams.

You don’t have to choose between saving money and enjoying your life. Transforming how you think about money is the key to having both the life you want and the money to achieve and maintain it. In the 9-step program, you’ll learn to pay down your debt, generate passive income, simplify your life, and retire early.

Dive into an unforgettable installment of "Bad Friends," with Bobby Lee, Andrew Santino, and their eclectic mix of guests, ranging from Andrés Rosende to Jessie Johnson. This episode is a colorful tapestry of humor, candid conversation, and surprising depth, all stitched together with the unique chemistry of a comedy troupe that knows no bounds. From debunking net worth myths to opening up about personal retreats aimed at self-betterment, the hosts bring their full selves to the mic, turning personal revelations into communal points of reflection for an audience that hangs on every word.

Amid the diverse discussions, Bobby and Andrew ensure their fans are more than just passive listeners by creating an interactive experience that bridges the gap between the studio and the earbuds of fans across the globe with their new Patreon account, listener call-ins, and a slew of side-splitting segments. Whether it's musing on testicular cancer with a comedic twist, or the absurdity of modern life's legal disputes, "Bad Friends" strikes an alluring balance between tackling serious subjects with a lighthearted touch and diving into the entertainment industry's quirks and inspirations. Tune in for an episode that's guaranteed to evoke both laughter and thoughtful pause, instilling in you a newfound appreciation for the blend of spontaneity and sincerity that only this podcast can deliver.

Does thinking about your personal finances make your palms start to sweat? If so, you’re not alone. The sheer amount of information out there about managing your finances is overwhelming, especially for people in their 20s or 30s who are just starting their financial journeys. Ramit Sethi is a self-taught expert in personal finance whose goal is to help you cut through the noise of conflicting and overly technical financial advice, get past your own hang-ups around money, and take small steps toward a “rich life”—whatever that looks like for you.

In this summary, you’ll learn how to use credit cards wisely, choose the right bank accounts and investment accounts, plan out your spending, and ultimately create a financial system that grows your money automatically.

In The Simple Path to Wealth, blogger and financial expert JL Collins offers a simple road map to achieving financial independence and a secure retirement: Spend less than you make, avoid debt, save “F-You Money,” and invest in stock index funds. He demystifies stocks and bonds, as well as a plethora of investment plan options. In addition to explaining basic concepts such as asset allocation, Collins answers key questions such as how to live on your investments and how to avoid major tax hits.

Whether you’re in the wealth accumulation stage of life where you’re growing your investments, or in the wealth preservation stage where you’re living on them, Collins tells you how to use your money to achieve freedom and a more fulfilling life.

A massive bestseller now in its 12th edition, Burton Malkiel’s A Random Walk Down Wall Street provides a comprehensive and entertaining introduction to the world of finance. Malkiel leverages his experience as an academic economist and former Wall Street portfolio manager to explain for the lay reader the intricacies of security analysis, asset valuation, and investment theory. He also offers a wealth of practical investment principles that will be useful for novice and seasoned investors alike.

In this bestselling classic, Dale Carnegie—author of How to Win Friends and Influence People—offers timeless advice and practical methods for cultivating a happier, more worry-free mindset.

This guide explains the cause of worry and why it’s important to take control of it, and walks you through Carnegie’s methods for eliminating it from your life. You’ll come away knowing how to overcome worry by focusing on the present, come up with constructive solutions to your problems, and prevent criticism, work, or finances from triggering worry.

We’ll also expand on his suggestions with psychological research, additional insights, and practical advice from other self-help practitioners.

In The Simple Path to Wealth, blogger and financial expert JL Collins offers a simple road map to achieving financial independence and a secure retirement: Spend less than you make, avoid debt, save “F-You Money,” and invest in stock index funds. He demystifies stocks and bonds, as well as a plethora of investment plan options. In addition to explaining basic concepts such as asset allocation, Collins answers key questions such as how to live on your investments and how to avoid major tax hits.

Whether you’re in the wealth accumulation stage of life where you’re growing your investments, or in the wealth preservation stage where you’re living on them, Collins tells you how to use your money to achieve freedom and a more fulfilling life.

Mike Michalowicz’s Profit First criticizes traditional business accounting methods by claiming that they are unintuitive, and that their unintuitive nature leads many entrepreneurs to failure. He then outlines an alternate accounting system, which he calls the Profit First method. In the Profit First method, a percentage of income is set aside as profit before any expenses are calculated. This method, he says, allows an entrepreneur to do their business accounting in a simple and intuitive way, and to increase their business’s profitability and stability.

In this guide, we’ll discuss Michalowicz’s criticisms of traditional accounting, as well as his own recommendations for how to set up Profit First accounting and use its guidelines to improve your business. We’ll also provide commentary explaining psychological and economic research related to Michalowicz’s claims, as well as practical advice on how to apply some of his broader recommendations.

Does thinking about your personal finances make your palms start to sweat? If so, you’re not alone. The sheer amount of information out there about managing your finances is overwhelming, especially for people in their 20s or 30s who are just starting their financial journeys. Ramit Sethi is a self-taught expert in personal finance whose goal is to help you cut through the noise of conflicting and overly technical financial advice, get past your own hang-ups around money, and take small steps toward a “rich life”—whatever that looks like for you.

In this summary, you’ll learn how to use credit cards wisely, choose the right bank accounts and investment accounts, plan out your spending, and ultimately create a financial system that grows your money automatically.

In this bestselling classic, Dale Carnegie—author of How to Win Friends and Influence People—offers timeless advice and practical methods for cultivating a happier, more worry-free mindset.

This guide explains the cause of worry and why it’s important to take control of it, and walks you through Carnegie’s methods for eliminating it from your life. You’ll come away knowing how to overcome worry by focusing on the present, come up with constructive solutions to your problems, and prevent criticism, work, or finances from triggering worry.

We’ll also expand on his suggestions with psychological research, additional insights, and practical advice from other self-help practitioners.

Many people feel helpless when it comes to managing their money. They’re consumed by debt or worry that they'll never be financially secure.

In The Barefoot Investor, Scott Pape offers guidance and a 10-step plan for how to manage your money so that you eliminate debt and build wealth. Though the plan is written for an Australian audience, the basic principles are universally applicable. Starting with establishing regular date nights with your significant other to discuss finances, then covering reducing debt and buying a home, the steps in this book will help you make informed money decisions.