ot all of us are fortunate enough to come from wealthy families. However, you don’t have to be a celebrity or trust fund baby to get rich. In fact, we’ll discuss how to get rich from nothing.

Opinions vary when it comes down to what it really means to be considered rich. However, the thing to remember is that being wealthy isn’t just about the amount of money you accumulate but also includes your net worth.

Net worth is the value of all of your assets minus the liabilities that you owe. Once you figure out your current net worth, you can figure out what you need to do to become wealthy.

No matter what your current net worth is, don’t be discouraged because you can start working towards getting rich from nothing by following specific steps. Let’s get into them!

1. Get your money mindset right

The mind

No one cares about your financial well-being more than you, so it’s important to have a financial plan for yourself. Knowing how to make a financial plan will allow you to save money, afford the things you really want, and achieve long-term goals like saving for college and retirement.

In my opinion, financial planning is critical, especially for women, due to the gender wage gap.

This probably won’t come as a surprise, but everyone’s money plan looks different. And if you’re considering how to create a financial plan or even, “what is a financial plan?”, you’re in the right place.

We all want to be financially independent and build wealth. Deciding to embark on the journey toward financial independence is a big deal!

It marks a fresh beginning with your money, and it means that you’re setting out to accomplish something that can change your life for the better.

In

Habits are one of those things that most people love and hate at the same time. It might feel like an uphill battle to develop a good habits list that you’ll actually follow. In the short term, you might have days where you just don’t feel like making the effort!

But in the long term, implementing daily habits to improve life can totally transform the way you feel about yourself. As long as you can do the difficult part of the habit-setting process, you’ll be reaping the benefits for years to come!

So let’s see how to come up with a good habits list that will change your life in great ways, with 25 ideas to inspire you!

Why habits matter

You can think of habits as your default life activities. They’re the things you do every day, week, or month, maybe without even thinking about them. Once you’ve formed

I have a love-hate relationship with owning rental property.

On the one hand, my rental properties are one of the main reason why I had the confidence to leave work behind. On the other hand, my rental properties are my main source of investment stress.

Whenever there is a tenant issue or a maintenance issue, my mood sours. Weird situations always arise that are hard to predict.

To counteract this change in mood, I’ve had to change the framing. Instead of seeing my rental properties as a source of passive income, I now view them as having a part-time job.

As a fake retiree, it took years for me to accept this mental shift because it felt like going in reverse. But the shift has made a positive mental health difference whenever I need to spend time dealing with rental property issues. Now when issues arise, I no longer feel

During the pandemic, we learned that Americans can save a lot more money if we want to. Take a look at the historical American personal saving rate chart according to the U.S. Bureau of Economic Analysis and the St. Louis Fed.

After lockdowns began on March 18, 2020, the U.S. personal saving rate skyrocketed from a respectable 9.3% pre-pandemic to an impressive 33.8% in April 2020! Americans suddenly decided that saving money during a time of great uncertainty was a priority. So that is what we did.

As the initial six-month shock of the pandemic began to wear off, Americans decided to lower our saving rate to 13.3% in November 2020. Then, when news of a new strain of COVID emerged in the beginning of 2021, Americans decided to increase our saving rate again, reaching 26.3% in April 2021.

Since April 2021, the personal saving rate has steadily declined