Avoid living in mental poverty with these 10 practical money tips

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This one is for the extreme savers out there — those of you that call yourself frugal but sometimes worry you might border on cheap.

As a frugal person myself, it has become harder and harder for me to spend money without feeling guilty.

I’ve discovered many people also feel this way. We don’t often admit it, even to ourselves, but that guilt is constantly there when spending money.

Stashing your cash is great and can help you achieve goals, but Scrooge McDuck and Mr. Burns didn’t seem very happy and probably didn’t have many friends (Smithers doesn’t count). …

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Traditionally, financial independence involves earning, saving, and investing a large sum of money in your early years so that work becomes optional well before conventional retirement.

The idea is to do the hard work upfront in your 20s and 30s — pursuing promotions or taking on side hustles to earn more money while also cutting back your expenses so that you can save half or more of your income.

Some people may choose to stick it out in a job that they dislike because the salary is high and will allow them to reach their financial independence number as quickly…

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Financial independence and financial freedom. There are plenty of definitions and ways to think about these terms. In fact, they are often used interchangeably in the personal finance space.

However, by framing them as distinct, with financial independence as a numerical goal and financial freedom as a state of mind, you will ultimately lead a more meaningful and successful financial journey.

While financial independence is an amazing goal, achieving a mindset of financial freedom is equally important. It is also possible to reach financial freedom and the benefits that come with it, well before you reach financial independence.

What is financial independence?

As a…

It’s time to ditch your emotional budget bully

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I once called budgets no-fun finger-wagging fear-inducing jump-scare nightmares. Good in theory, bad in practice. The fastest way to lose friends is to tell people to budget and rant about why it’s so important.

I get it. Budget work for some people. If that’s you, great. I’m not here to bash budgets by any means.

But for me, they don’t work. They’re quite time-consuming, and they make me feel like a slave to my spreadsheet. Plus, the guilt with any dollar I spend… I just, I can’t even.

Instead, I anti-budget. Which means I don’t budget. …

How to be the boss of your money and give yourself a raise

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I’m not a bossy person by any means, but I absolutely am when it comes to my money. Here’s why and how you can be a financial boss as well.

There are lots of financial lessons you can pull out of the timeless classic book The Richest Man in Babylon but the most important is the idea of paying yourself first. A part of everything you earn should be yours to keep. Not yours to save for a little while and then spend. It’s yours to keep forever.

If you don’t pay yourself, you are not paid. An employer can…

I spent weeks researching pet insurance so you don’t have to…

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100 million out of 160 million households in the US have pets. But, just 2% of dog owners and .5% of cat owners carry pet insurance.

If you have a pet, I’m here to recommend pet insurance and give you all the information you need to make a good decision and save money on pet health care in the long run.

There was a huge increase in pet adoption in 2020. As you know, new pets can be expensive. According to the American Kennel Club, the average lifetime cost of owning a dog is $23,000 to $40,000!

There are required…

Ranked by personal listening time. Plus, 10 bonuses!

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I’m borderline obsessed with podcasts in the personal finance and business categories. I’d be embarrassed to tell you my listening hours statistics. Today I’m sharing my top picks after 5 years of discovery.

These podcasts will help you save money, make money, get out of debt, and invest. They may also help you start and grow your own business or build passive income streams.

All podcasts are currently producing new content as of mid-2021 unless noted with an *asterisks.

I have ordered them as a countdown from the least amount of personal listening time to my most frequently listened to…

The emergency FUN account explained…

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Have you seen the movie Up in the Air? In it, George Clooney's character is obsessed with travel miles. When asked to explain why or how he’s going to use them he replies:

“The miles are the goal… Let me just say I have a number and I haven’t hit it.”

He’s saving just to save. Plus, he wants to be 1 of 7 to earn the Lifetime Executive Status whatever award for earning 10 million miles.

Most people see this scene and think this miles collection thing is crazy. …

Do it because you can’t NOT write it…

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Almost exactly one year ago to today I published my second book Money, You Can Hack It. I had a message I was passionate about sharing — that you can stop living paycheck to paycheck with a little DIY financial creativity.

Six months ago, I told myself I’m not writing a book this year. That last one took me over 15 months to produce and almost broke my brain. I decided to commit to making 100 YouTube videos this year instead.

A couple of months ago I realized, Oops. I think I’m writing my 3rd book.

The goal of money is… to do less?

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“No amount of money ever bought a second of time.”

-Howard Stark

I completely disagree with that statement.

Today’s high-level theme is easy to grasp, but don’t tune out or click away when you understand the big idea. If you stick with me until the end, you’ll learn that there are so many layers to this you can peel back.

You’ll see how this mindset shift can help you achieve true financial freedom, and I’ll explain how you’re already doing this on a small scale. Plus, I’ll help you brainstorm concrete ways to do this even more.

I’ll even reveal…

Frankie Calkins

M. Ed. Seattle, WA. Marketing Manager by day. Personal finance YouTuber and Author by night and weekends. @TheMoneyResolution

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