How do I get rich from making $60,000 a year?

It’s not rocket science. Spend less than you make. Invest the difference. That’s how you build wealth.‎
But simple doesn’t mean easy. Easy is to go out to a fancy dinner because you’ve earned it. Easy is walking into a car dealership and drinking a free bottle of water while they sign you up for $600/month car payments for the next seven years because you wanted a moonroof. Easy is buying a little too much house because the realtor who is earning commission on the deal tells you it’s a great investment and you’re gonna love the breakfast nook.‎
Doing all those easy things add up to not living on less than you make. They mean letting lifestyle creep gobble up every last penny of that raise. They mean putting stuff before experiences and freedom to do what you want with your time.‎‎
Is it possible to live on $50,000/year? Yes. People who make $50,000/year do it all the time. Is it possible to spend $250,000 year? Yes. People who make $250,000/year do it all the time. So you have to decide for yourself. Are you the type of disciplined person who is going to purposefully carve out part of your income for investing in you future? Or are you going to do the easy thing because you’ve really been wanting a car with a stupid moonroof?‎‎
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.‎‎
– Jeremy‎‎
via Instagram


What ETFs should I buy?

First, let’s break down what this portfolio is. It’s exactly two ETFs, both offered by Vanguard.‎ ‎ VT: The Vanguard Total World Stock ETF. It

Jeremy Circle

Hi, I’m Jeremy! I retired at 36 and currently have a net worth of over $4 million. 

Personal Finance Club is here to give simple, unbiased information on how to win with money and become a multi-millionaire!