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Financial Freedom

Have A Fall Back Plan Before You Leap

fallbackplanLiving Your Passion isn’t the easiest thing in the world but it is possible, especially since a college drop out like me is doing it. So I know you can.

But before you throw caution to the wind and quit your day job, be sure to have a little pillow to live on.

By little pillow, I mean some savings or, God forbid , a back up job.

I know I’ve said that a “Real Job” is no place to live your life, but either is out on the street.

So there’s nothing wrong with having a back up plan, especially if it will help you decide to start Doing What You Want.

So make sure that you are stashing away what you can. The more you stash, the faster you can Live Your Passion.

But don’t get hung up on the amount that you should have because that will just hold you back and keep you from taking the leap.

Think of a number right now that you would be comfortable with in savings as a fall back. Don’t ever change that number unless you add a new member to your family.

If you change it, then you’re just scared.

Don’t be!

You made that first number because that’s your comfort number. The closer you get to it the more you might get scared and start doubting yourself.


The time is here and now. You’ve made it this far to save up enough to take the leap.

Take it!

And don’t ever look back.

You’re free and time is now on your side.

So start stashing money into your freedom fund and don’t stop until it’s time to jump.

Be proud of your self.

While you’re saving, start Living Your Passion on the side to make sure you found one of your passions.

Having a fall back plan will make you more confident that you can take the leap and won’t have to worry about having to go back to The Man.

Help others prepare to take the leap but Tweeting and Facebook sharing this post!


Financial Freedom

2 Lessons I Learned About Car Insurance

I recently had a learning experience with car insurance. Sometimes there are things in life that we just don’t think about because they aren’t significant. This is one of those times when it was in fact significant.

Check Your Zip Code

I recently moved to a new zip code and had to update my car insurance. Apparently the zip code can make a big difference in the amount you have to pay. How significant. My 6th month premium went up $1000. That was a big shocker and was a little scary since I have a wedding coming up and that wasn’t exactly in any budget. So the lesson is, when moving, be sure to get a quote with your new location so you can budget for any changes.

Ask Around

With that sticker shock I decided to shop around a little bit and they all pretty much had the same pricing. So I was just about to bite the bullet and continue with the same company. That’s when my fiancé came home and said she mentioned our little problem to a few co-workers and one of them mentioned to try the company they have their car insurance with. I thought I did get a quote from them but tried it nonetheless and low and behold it was $700 cheaper than what my current insurance company had quoted me. The lesson is to ask around to see other peoples experiences and shop around more than you think is enough.

So now I have more money in my pocket and a wedding on budget. What could be better? Now I need to start looking into life insurance.

Financial Freedom

A Guide to Making Money with no Real Effort Involved

We all want a bit more money in our lives, but most of us feel like we don’t have the spare time available to make it. Luckily, I have some money making ideas that involve no effort to share with you.

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Be a Mystery Shopper

For market research purposes, businesses pay a lot of people to visit shops and buy products. This allows businesses to find out what their competitors are up to, what their customer service skills are like and where their weaknesses lie. This process is called mystery shopping, and you can become a mystery shopper.

This is great because you’re being paid to buy products and any money you spend will also be covered by the company that hired you. All you have to do is sign up online, and a business will be in contact with you to discuss the possibility of you becoming a mystery shopper for them.


You’ve probably seen cars driving down the street with a big advertisement down the side. You might have thought that they look pretty stupid. But, as stupid as it might appear to you, that person will be getting paid a lot of money from a company to have that advert on the side of their car.

So, they’re getting money for doing absolutely nothing. This is something you should be doing too. Who cares how your car looks from the outside if it’s bringing you in a heap of extra cash each month! You’ll be surprised at the amount of money businesses will pay for this kind of advertising.

Invest Wisely

If you invest in the places, you can usually just sit back and watch the money roll in. You do have to know where to invest and make changes here and there though. But, considering the amount of money you could potentially bring in, the effort involved is actually relatively small by comparison.

If you want to make money, you should invest in businesses that are on the rise. Yelp stocks or stocks in digital businesses are very popular at the moment as they’re seen as being on the up. Wherever you invest, you should find out as much about the business as you can beforehand.

Start a Blog

If you have a hobby or something you love, you should start to write about it in your spare time. You might even be able to make some money out of it. And if you love the subject about which you’re writing, it won’t feel like you’re even putting in any effort either. Blogging should be a pleasure and something you enjoy.

Once the blog is up and running, you can start to build up a consistent readership and prove to potential advertisers that you have something to offer to them. The more people that read your blog, the more money you’ll be able to demand in the way of advertising money.

These ideas will all allow you to make some extra money without having to put in much effort at all. What’s not to like about that?

Financial Freedom

Top online financial tools

Keeping a hand on all your accounts and tracking your money moves can be a daunting task. Personal finance tools can make the job easier. Here are some of the best personal finance tools for managing your finances.

Personal finance tools should be easy to use and feature-rich, helping you to manage multiple accounts, stick to your budget, and giving you a clear picture of your financial health.


MoneySmart is a free online South African personal finance management platform that helps South Africans to manage their finances to achieve financial success by providing individuals with services, tools, education and products to increase their financial acumen. The platform encourages its users to ‘budget what you earn, save for the goals that you want, aspire to achieve, visualise your future, and invest in yourself’.

MoneySmart ‘reads’ a user’s transactions and categorises them automatically, providing an instant overview of current spending. The platform includes an online community and end-users have access to content from columnists dealing with trends, popular culture and financial empowerment.

Loan repayment calculators

Online loan repayment calculators are a great way to work out how much you can afford to pay off on your personal loans. This tool is particularly helpful when deciding the amount you can best afford to borrow. Cash loans provider discloses all their fees upfront on their slider calculator on the wonga website when you apply for a loan.


South African 6cents provides a quick and easy platform to manage personal finances. If you are looking for a user-friendly online financial tool, 6cents offers a number of features in one place.


Old Mutual’s 22seven allows you to see all your accounts and transactions in one place. You can link cheque and savings accounts, credit and store cards, investments, loans and rewards. Your transactions are automatically categorised to show you exactly how much you spend and on what. An automatically generated budget helps you spend less on what isn’t important and find more for what is.


MoneyDance is available for OS X, Windows, and Linux. It is a robust personal finance tool that supports online banking (so you can download transactions from your bank and manage your investments in the application). It can connect to hundreds of financial institutions out of the box, and you can import transactions on your own if you choose. The account register works like a balanced chequebook, and shows you where your money is going. You can also set up payment schedules for recurring transactions so you know when big transactions are about to take place, and track your investments using the investment module.

A free mobile app for iOS devices is available and the Handybank app for Android, for $7, will also connect to MoneyDance. The app is available to try for free, but after entering 100 transactions, you’ll need to pay $50 for a full license. The app is able to handle multiple types of financial transactions with ease and syncs seamlessly with banks even though it works as a desktop app, reminding you to pay bills when they’re due every month.


This is a free budgeting and personal finance tool that focuses on creating a budget that works for you. The tool analyses your finances and spits out a budget planner that’s packed with suggestions for where you can save money, trim your spending and increase your savings. It aims to make the process as easy as possible, and promises that an hour with the tool will give you a better understanding of where your money is going. You can enter your expenses manually if you want, or connect it with your bank to auto-link accounts. BudgetSimple is a webapp and completely free, but if you want mobile apps or the option to fully link your bank accounts, you’ll need a $5 per month premium account.

BudgetSimple is praised for its simplicity and its focus on creating a no-nonsense, sustainable, and sensible budget that you can live by. It’s a straightforward tool, and it does a lot of things that many other software options charge for – and the graphs and statistics do a great job of explaining where your money is going.


BudgetPulse is free online personal finance software that’s easy to use without sacrificing meaningful budget tools and financial reports. This app is also great for anyone who doesn’t want to enter financial account numbers and passwords to download transactions automatically. You can download transactions yourself from your bank and import them or enter via your keyboard. Savings goals can be made public for fundraising or giving family and friends a chance to chip in toward reaching goals.

Google Chrome Money Management Apps and Extensions

The Chrome Web Store has free and paid money management apps and extensions, which make handling financial tasks from within Chrome very convenient (We suggest checking them out here.)

Financial Freedom

What Does It Mean To Be Financially Independent?

Most people, as they are growing up, only dream of being financially well off. They hope that one day, before they are too old, they’ll be able to travel the world and do all the amazing things they see on tv.

The truth is that it is possible. People like Michael Masterson are teaching people how to be financially independent like them. It doesn’t take crazy schemes or impossible tasks. Just common sense and starting early makes it so much easier.

I’m working my way to be what I consider to be financially independent. When I think of that, I think of not having to worry about how I’m going to pay the power bill each month. Or if I’m going to be able to make my car payment. Being financially independent takes a lot of stress off of your shoulders so you can focus on the important things in life like family and friends.

A lot of people, when they get older, regret waiting to do what they’ve always wanted to do. Remember that when you’re older, it’s not going to be as easy to move around. So that backpacking trip you’ve been waiting to take might pass you by.

Learn all you can about becoming financially independent. Make a budget, or just stop spending so much money so you can save up. Financially independent doesn’t have to mean millionaire. Just control your money and you’re halfway there.

There are several things you can do to become financially independent. Improve you credit and get into buying houses and renting them out. It’s not something you can start over night, but you can start learning today. If you can pay all of your bills on time and have money left over to save, consider investing that money.

Remember, you only get one life, so be sure you’re able to live it to its fullest or it will pass you by and you’ll live with regret.