The Millionaire Next Door Book Review [6 Important Lessons]

You know that plumber who lives on your street and drives the beat up pickup truck? He’s much more likely to be a millionaire than the executive next door driving the BMW.

Don’t believe me? Well that was a common theme found in The Millionaire Next Door:The Surprising Secrets of America’s Wealthy by William Danko and Thomas Stanley.

The Millionaire Next DoorThe Millionaire Next Door
The Millionaire Next Door: The Surprising Secrets of America’s Wealthy

The authors surveyed thousands of real millionaires and their answers revealed many surprising lessons, such as:

1. The wealthy don’t always look wealthy and vice-versa.

People who look rich may not actually be rich.

They spend more than they can afford on symbols of wealth but have modest portfolios. Some are living paycheck to paycheck, heavily in debt with little or no savings.

Conversely, real millionaires usually live in middle class neighborhoods, drive cars they own outright, and don’t spend extravagantly on material things.

2. They don’t spend a lot of money on cars.

The authors point out that cars are the second biggest material expense in our lifetime.

If you add up all the money you’ve spent on cars over the years it can be really eye-opening.

Even if you’re young, the amount you’ve spent on cars compared to how much money you’ve earned is usually pretty high.

According to their survey results, most real millionaires buy a nice car, like an Acura or Lexus. They buy it with cash, or make payments until they own it, and ultimately hold on to the car for at least a decade.

Forbes backs this up, stating 61% of those earning at least $250,000 a year are driving Honda, Toyota, Acura and Volkswagens.

3. They save and consistently invest.

In America, our average household savings rate dipped into the negative in 2005, for the first time since the Great Depression. The savings rate has improved but is still only 5% currently.

Which brings us back to your original question; What are the secrets only the wealthy now and the middle class is unaware of?

Now, we all know saving money to acquire wealth is not a secret. But clearly this is an area the middle class can improve in

Compare that negative savings rate to that of the average millionaire, who invests nearly 20% of their income.

In its simplest form, that’s really all wealth is; earning more than you spend and investing the difference — consistently.

Consistently investing means you are fully capitalizing on compounding interest.

It means you are turning small contributions into large sums over time.

4. They adhere to a budget.

The majority of millionaires stick to a budget.

Even among those who don’t budget, they pay themselves first with money directly to their savings and investment accounts. They then work from the remaining funds.

But the majority do take the time to budget, even if they don’t want to, because the know the long-term benefits first-hand.

5. They spend a lot of time managing their money.

managing money

managing money

The wealthy spend a lot of time budgeting, goal setting and managing their portfolios.

According to Danko and Stanley, the wealthy spend nearly twice as many hours per month managing their finances as those without wealth.

The good news?

You don’t have to earn a big six-figure salary to accumulate wealth, as long as you plan for it.

In their survey of 854 middle-income workers, the authors found a strong correlation between investment planning and wealth accumulation citing; “Most prodigious accumulators of wealth have a regimented planning schedule. Each week, each month, each year, they plan their investments.”

6. They own their own business or work for themselves.

Not everyone that gets rich owns their own businesses.

But in The Millionaire Next Door, they discovered a lot of folks who ran their own service businesses such as landscapers, plumbers, electricians, commercial cleaners and so on.

One of the key takeaways of this book for me is many millionaires attributed their dedication to financial planning as a requirement of doing business.

Because their business finances and personal finances are so closely intertwined, they really have no choice but to consistently examine their finances in order to survive — and thrive.

There’s many more lessons in the book but I wanted to mention some of the biggest takeaways for me.

Thumbs Up

I initially read The Millionaire Next Door around the year 2000.  I don’t remember the exact year.  But it was very impactful in my life, so much so that I’ve read it several times since then.

It’s a mindset book as much as it’s a nuts-and-bolts how-to book.  Much of the advice is tried and true stuff your parents or grandparents would tell you.   You’d be wise to listen to it, as tried-and-true tactics provide the best template to follow for proven success.

At the same time, the data from their surveys also uncovers many surprising similarities among millionaires.   Tendencies and habits that challenge conventional wisdom and make you rethink your employment, lifestyle and personal finance decisions.

It’s definitely one of my favorite personal finance books, which is why I wanted to share the lessons I’ve learned from it here.

The Millionaire Next Door is a must-read, no matter where you are in your personal finance journey.  It really provides the proper mindset needed to successfully manage your money.

It sets the right foundation for your money goals.  When you see the common habits of hundreds of millionaires, along with the logic behind those habits, it’s becomes painfully obvious the personal choices you need to make to become a millionaire yourself, or at least improve your personal finances significantly.

Have you read The Millionaire Next Door?  What is the biggest lesson you learned from reading it?

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Source: incomist.com

How to (Actually) Stop Overspending on Christmas Presents

problem overspending on christmas presents?
how to not go totally broke buying christmas presents
how to never overspend on christmas presents
tired of going broke at christmas?
how to actually stop overspending on christmas presents

Here are the 5 steps you need to take to stop yourself from overspending on Christmas gifts

The excitement, the gingerbread latte is now kicking in … the click-clack of your shoes racing down Target’s floor tiles… as you frantically snatch the must-have toy of the season off the shelf, clutching it possessively to your chest!  

VICTORY!

As you round the corner trying to get back to the main aisle, you can’t believe your eyes; you haven’t seen this Magnolia item in stock in FOREVER! In your shopping cart it goes! Off to checkout, and you slooooow way down going by the girl’s section, and think, “That’s super cute! My little one would love that!” It too goes in the cart!

An hour later, and your phone bings at you. Yup, it’s a large purchase amount alert from your credit card. It reads, “Did you spend $358.42 at Target? This amount is over your alert limit notification settings”.

And just like in The Christmas Story, you say (in slow motion for dramatic effect) “Oh FUDGE!”

You totally overspent! Again! You told yourself you weren’t going to overspend on Christmas presents again! (like ever!) Last year’s holiday credit card bill left you with hives, and you promised yourself that this next year would be different!

Well, guess what, that Target scenario up above… it was just a dream. Just like Ebenezer, there is time for you to change your ways. You’re not doomed to follow the same path you did last year! So if you’re ready, let’s dive into how to stop overspending at Christmas!

how to stop overspending on christmas presents

This post may contain affiliate links. Please read my full disclosure for more info

What is the Christmas Debt Hangover?

Ugh! No one likes a hangover! But unlike a hangover from too much bubbly, a Christmas debt hangover can last months and months (sometimes years)! No thanks!

According to a MagnifyMoney survey, “Americans took on an average of $1,325 of holiday debt in 2019”. Here’s how their numbers played out…

  • 44% of consumers took on debt this holiday season, and the majority (57%) didn’t plan on doing so.
  • 78% of those with holiday debt won’t be able to pay it off come January, including 15% who are only making minimum payments.
  • 58% of indebted consumers are stressed about their holiday debt.
  • 40% plan to consolidate debt and/or shop around for a good balance transfer interest rate, but more than half won’t even try. Of those that won’t try, 20% think it’s not necessary, and 18% don’t want to deal with another bank.

Now specifically regarding how long it would take them to pay off the debt, survey responders said…

  • 22% said one month
  • 21% said two months
  • 19% said three months
  • 8% said four months
  • 16% said 5+ months
  • 15% are paying only minimum payments

Right now, The Fed Reserve lists the average credit card interest rate to be 14.52%. You can generally assume that your minimum payment will be about 2% of your total bill. Here’s a screenshot of how long it would take to pay off the card (if you didn’t put any more purchases on it).

magnify money debt calculator
using Magnify Money’s credit card debt calculator

64 months? Paying $582 in interest? W.T.F.!

Are you ready to tame your shopping spree beast? Because, after looking at those numbers, overspending at Christmas is not cool!

How to stop overspending on Christmas presents: Step One – decide what you will focus on besides the gifts!

It’s just smart sense that when you take something away, you need to replace it with something else. Instead of a donut, have a whole grain muffin!  

So instead of focusing on gifts, what do you want to spend the season focused on? I’ve got a great list of frugal family fun ideas for the holidays!  These are bucket list items perfect for the holiday season!

You’re especially going to need something fun to do Christmas morning, as you don’t want the day to be anticlimactic without all the presents, as it might be hard on our littlest ones. Think about…

  • Doing a Meals on Wheels delivery route in your neighborhood.
  • Go caroling.
  • Do a Christmas movie marathon (pj’s required!).
  • Make a full holiday meal together as a family.
  • Go sledding/skiing/ice skating or go to the mountains for snow time fun! Don’t forget the hot cocoa and accessories for the snowman you’ll build!

Step Two – Consider a gifting strategy

Every good General knows that you need a plan of attack or a strategy, shall we say. And if you don’t think Christmas shopping is kind of like preparing for battle, then hats off to your peaceful and serene holidays of the past. The rest of us battle-weary moms can barely nod in agreement (as we’re still a little shell shocked from last year’s holiday season).

Strategy One – Adopt the 4 Gift Rule

This one is amazing in its simplicity to help you stop overspending on Christmas gifts! It caters to those toying with the idea of having a minimalist(ish) holiday, and it’s gaining popularity every year! You gift each recipient (that you would typically buy lots for) just four gifts.

  1. Something to wear
  2. Something to read
  3. Something they need
  4. Something they want

I’d like to think of it as a way to buy a more meaningful selection of gifts. As you’re looking not just to buy lots of things, but purchase specific items. Hopefully, the receivers will appreciate their gifts a little more and not get lost in the craze of ripping off wrapping paper at the speed of light.

Don’t forget to snag your printable gift list tracker; there’s a four gift rule one and then a classic gift list printable. Everything you need to stay organized and on budget!

christmas gifting list

Strategy Two – Give the gift of an experience

Maybe your kids have everything that they need! Maybe you are dreading anything more coming into your home as you need to get your Home Edit on right now!

If that’s the case, then consider giving an experience instead. This could be a short trip to the beach or a big trip to Walt Disney World. Or tickets to a sporting game or an event like Comic-Con. Go as big or as small as you like. Set aside the Christmas money and put it in a sinking fund to make this experience come true (even if it’s at a later date).

Hint: if it’s a trip to a theme park, some have vacation planning DVDs or online videos (DisneyWorld does). This would be a great thing to wrap and put under the tree!

Strategy Three – Go the D.I.Y. route

Now, this isn’t for those of us that are all thumbs (meeee!) I am not a crafter/knitter/artist/DIYer by nature. But for those of you that are, consider harnessing your talent for homemade gifts!

Even if you don’t have a talent, maybe consider gifting a custom photo book from Shutterfly. Or collect great grandmothers family recipes together and turn them into a little book (or place her most famous recipe on a tea towel! Cute huh!)

That’s right, as your mother always said, it pays to plan ahead! That means getting your Christmas present shopping done early! As the holiday gets closer, we tend to panic slightly; we grab just about anything that will do as a good gift. Most of the time that means we’re spending a little more (because we don’t want to get a cheapo lame gift)!

So start jotting down your gift choices now! Aka ASAP! I.e., immediately!

Okay, you get the drift. Besides, online ordering gets bigger every year, and sometimes there are shipping delays or snowstorms that stop service in half the country (yikes!) You don’t want to get a substitute gift because your original gift won’t be back in stock until January 17th!

Christmas Budget Workbook mock up

Step Four – Use Cash

They say cash is king, and they’re right! Especially when it comes to spending money. Because when the cash is out, the spending is done! It’s genius at its most basic, and it works every time (as long as you leave your credit cards at home). You simply cannot overspend on Christmas gifts!

Using cash envelopes is a strategy used by many successful budgeters! Besides, stuffing these cute festive holiday cash envelopes is fun! You can use one for each person you’re gifting to or use one for each holiday shopping category—I.e., food, decorations, gifting, fun times, supplies, etc. Or if you’re crafty here are some cash envelope templates that you can make on your own!

Nerdwallet references a cult classic report where, “An often-cited study is one conducted by Dun & Bradstreet, in which the company found that people spend 12%-18% more when using credit cards instead of cash.”

Don’t forget that when you pay with cash, you won’t have to pay interest on the charge either! Look at it this way; when you pay cash, you’re buying something. When you pay with a credit card, you’re borrowing the money for it; you didn’t buy it (but you’ll pay extra for it in interest!)

Step Five – Don’t go into the stores!

This one sounds silly, I know, but it’s so painfully obvious. If you don’t have to go into a store, then don’t! Because really, we’ve all gone into a store, we don’t grab a cart because we just need one thing, and we come up to the cashier juggling items like a clown!  

Inevitably when you go into a store, it’s straight temptation. Why do that to yourself? Stay home, and send someone else to the store, or better yet, do some online ordering for that item you need!

Or if you’re poison is the 1-click buy, then take some super easy preventative measures. Delete your credit card info on your devices! GASP! I know, I know, it sounds drastic, but making it just the teensiest bit harder on yourself to shop online could mean saving hundreds! Because honestly, sometimes I don’t get up to walk across the house to grab my credit card number!

Better yet, do a marketing edit! Unsubscribe from those pesky emails from your favorite retailers and unfollow them on social media! You won’t want what you never see! Now, I know you’ve been thinking about this idea for a while, give it a try! You can always go back later and subscribe again!

Simple hacks to stop overspending on Christmas presents

Know your prices

Do you know the regular price of the “sale” item in your hand? Even though it says it’s on sale or discounted 20% off, it might still not be a great price! If you are 100% in on saving money this holiday season, then you should scout your gifts early, record their prices, and wait to see what the “holiday deals” actually are.

Many retailers change their prices regularly. What was $59 in September could easily now be $75 in December. Yet now they can mark it being 20% off! They get to keep their sales margin high enough to get a good profit, and you (the customer) feel like you got a good deal. Winner Winner… oh wait, that’s a bull$hit dinner!

Be smarter than the retailer!

Don’t go shopping when…

  • You are hungry
  • You’re short on time
  • With somebody else (friends can be bad influences, sorry friends)
  • It’s going to be super crowded (instead go early in the morning, or late at night)

Next years plan for Christmas gifting

If you get through this Christmas and going low key on gifts wasn’t for your family, then no problem. You can have the Christmas that your family wants; you may need to start socking away money for it a bit earlier than usual! Check out How to Start a Christmas Savings Plan and How to Plan the Perfect Christmas Budget!

At the end of the day

I know that reading about how to not overspend at Christmas sounds like a bummer of a topic. But honestly, think about how you’ll feel come January when you don’t have that big fat credit card bill that’s knocking out your wallet like it’s Balboa in Rocky 1!

I know that for many of us, we remember Christmases of youth, with mountains of presents, and we want to recreate those warm fuzzy memories for our own kids. But those warm fuzzy feelings can be created out of so many instances, not just present opening. So save yourself the agony and angst of overspending at Christmas, and don’t even go there!

Christmas Budget Workbook mock up

What are your top tips for how to stop overspending on holiday gifts ?

Source: moneyforthemamas.com

How much does it cost to drive? Driving cost calculators and tools

My girlfriend recently bought a new car. After 23 years, she sold her 1997 Honda Accord to a guy who’s more mechanically inclined than we are. Kim upgraded to a 2016 Toyota RAV4, and she loves it.

One of her primary considerations when searching for a new car was the cost to drive it. In her ideal world, she would have purchased a fully-electric vehicle but it just wasn’t in her budget. The RAV4 hybrid was a compromise. According to fueleconomy.gov, it gets an estimated 32 miles per gallon. (And actual users report 34.7 miles per gallon.)

Cost to drive a RAV4 hybrid

Kim’s quest for a fuel-efficient car prompted me to revisit apps and online tools that help users track their driving and fuel habits. I’ve written about these in the past — and, in fact, this is an updated article from 2008! — but haven’t looked into them recently.

Here’s a quick look at some of my favorite driving cost calculators, tools, and apps.

Cost to Drive

Cost to Drive (stylized Cost2Drive) is an easy-to-use web app that estimates how much you’ll spend to drive from point A to point B. Enter your starting point (address, city, state, or zip code) and your destination, enter your vehicle information, then click a button.

Cost to Drive input

That’s it. Cost to Drive calculates travel distance, approximate driving time, and an estimate of your fuel costs. Here, for instance, is how much it would cost to drive from Portland to visit Kim’s brother in Groveland, California.

Cost to Drive output

This tool is handy for road trips, of course, but it’s also useful for extended journeys. Before Kim and I set out on our R.V. trip across the U.S., I used Cost to Drive to estimate how much we’d spend on fuel. (I was way off, but that’s not the fault of the tool. I overestimated the fuel economy of our motorhome!)

This isn’t the sort of tool that you’ll use every day, but it’s certainly useful enough to bookmark for later use.

Folks in Europe — and possibly the rest of the world — might want to play with the Via Michelin app, which offers route planning and driving cost calculations.

Fuelly

While we only used the Cost to Drive once for our R.V. trip, we used the Fuelly app every single day. And I still use it today.

Fuelly is primarily a smartphone app with which you can track your vehicle’s fuel economy. Whenever you stop to pump gas, you enter mileage and pricing info into the app, and it computes how much it costs to drive.

Here, for instance, are two screencaps from Fuelly showing how it tracked info for our motorhome.

Fuelly cost to drive screenshot  Fuelly cost to drive info

To get more accurate estimates of the cost to drive your vehicle, you can also log maintenance info in Fuelly. And, as you can see, the free version of the app is ad supported. Ad-free premium versions are available, and they include added features.

While the Fuelly website doesn’t offer a lot, there’s one feature that I think GRS readers will find interesting. If you select the browse vehicles option from the main menu, you, you can get a profile of driving info for all Fuelly users. Here, for instance, is what the app has tracked for other folks who own a 2004 Mini Cooper, like me.

Fuelly individual model info

Fuelly cost to drive info

GasBuddy

A decade ago, GasBuddy was a gas price aggregation tool. It collected fuel price info from across the United States, and served it up so that visitors could find the best prices in their area.

Today, GasBuddy is still that website, but it’s a whole lot more. For instance, you can look up a chart of gas price trends over the past couple of years.

Gas price trends

Or you can find local maps and national maps of current gas prices.

Local gas prices

National gas prices

And because it’s 2020 now, GasBuddy offers a smartphone app featuring all sorts of tools to help you calculate (and reduce) your fuel costs.

FuelEconomy.gov

FuelEconomy.gov is the official U.S. government source for fuel economy info. Like all U.S. government sites, it’s a treasure trove of data and resources.

The site includes a car finder (and comparison) tool (also available for iOS and Android devices), a vehicle power search, a fuel savings calculator, and more. There’s even a page exploring extreme MPG!

The site also provides some widgets for site owners (like me!) to share with their audience. Here’s

Find a Car Tool

This tool lets you look up official EPA fuel economy ratings for vehicles back to the 1984 model year.

   

Gas Mileage Tips

This tool displays a fuel-saving tips and provides links to additional tips on fueleconomy.gov.

Each year, the U.S. Department of Energy and the U.S. Environmental Protection Agency produce a Fuel Economy Guide to help buyers choose fuel-efficient vehicles. You can find guides from recent years in the Get Rich Slowly file vault, if you’re interested: 2020, 2019, 2018, 2017, 2016, 2015.

If you’re into alternative fuels and advanced technology vehicles, the U.S. Department of Energy has a bunch of different widgets to play with at their Alternative Fuels Data Center.

Sidenote: Many folks want a new Tesla or Prius in order to minimize their impact on the environment. This isn’t as straight-forward as it might seem. The calculations are complicated but the bottom line is this: In many cases, it makes more sense to keep (or buy) an older fuel-efficient vehicle than to buy a new one. That’s because the manufacturing process itself is the source of roughly 25% of a car’s environmental impact.

The Bottom Line

It’s important to note that even the best driving cost calculator has limitations. Most of these tools track only fuel costs, which are a small portion of the overall cost to drive your car.

Your true cost of car ownership includes the purchase price,insurance, maintenance, and more. According to the American Automobile Association, the average new vehicle costs 62 cents per mile to drive. AAA figures the average driver spends $9,282 per year on her automobile.

To truly determine how much you’re spending to get around, you need to take matters into your own hands. Find a cheap notebook or pad of paper. Grab a pen or pencil. Whenever you make a trip – even if it’s just down the street – log the time and the distance. Write down how much you spend on fuel and maintenance. Tally your car and insurance payments.

Do this long enough and you’ll begin to get a picture of your personal driving costs. At any point, you can simply divide the amount you’ve spent on your vehicle by the number of miles you’ve driven to learn how much it costs to drive.

What you do with this info is up to you!

Note: This is an updated article from the GRS archives. The original version from 03 December 2008 was woefully out of date. Some older comments have been retained.

Source: getrichslowly.org

American History: Massachusetts Home Built in 1647 Is This Week’s Oldest House for Sale

The United States has seen presidents come and go since 1789, but the oldest homes in America have been standing even longer than that.

Only a handful of homes in the nation can claim seniority over the oldest house to hobble onto the market this week. Built centuries ago, in 1647, the residence sits near the Atlantic Ocean in Marshfield, MA, and is one of the oldest homes in Plymouth County.

Updated inside and decorated in a nautical scheme of navy blue with crisp white accents, this old house doesn’t look as if it’s been around for nearly 400 years.

Besides the 17th century abode, there are several other can’t-miss Colonials on this week’s list—two in Bridgewater, MA, alone. There’s also a gorgeously renovated historic home in Charleston, SC, filled with fresh touches that elevate its historic status.

Scroll on down and have a look at all 10 of the oldest homes to land on the market this week.

Price: $659,900
Year built: 1647
Kenelm Winslow House: Lovingly updated, this Colonial sits on just under a half-acre at the end of a cul-de-sac near Rexhame Beach. Besides a plaque denoting its historic status, there’s also a gravestone out front with information on Kenelm Winslow.

The four-bedroom interior includes wide-plank pine floors, six fireplaces, beamed ceilings, built-ins, and a seamless mix of antique and contemporary finishes. The property also has an antique carriage house and storage sheds.

Marshfield, MA
Marshfield, MA

realtor.com

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Price: $1,550,000
Year built: 1704
The Georgian House: Once frequented by a who’s who of historic figures—including the signers of the Declaration of Independence, according to the listing—this is one of the city’s oldest homes.

The five-bedroom home has its original red pine floors, new bathrooms and kitchen, exposed wood beams, an updated country kitchen, and mudroom. Outside, the garden includes a patio, a wisteria arbor, and mature trees.

Annapolis, MD
Annapolis, MD

realtor.com

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Price: $750,000
Year built: 1705
Whitman-Rome House: The listing says this four-bedroom home is loosely associated with the poet Walt Whitman, who once lived in the area.

The charming residence has been updated in all the right places. The old wide-pine floors are still there, as are four fireplaces.

Each door on the main floor boasts a unique design. The nearly 2-acre lot also has a three-stall horse barn, so you can saddle up and explore the nearby 800-acre West Hills County Park, with its miles of trails.

Huntington, NY
Huntington, NY

realtor.com

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Price: $515,000
Year built: 1716
Greek Revival: This 18th-century farmhouse sits on just over an acre. Completely restored in the 1970s by an architect and updated again in 2020, the two-bedroom, 1,722-square-foot home includes a light-filled living room with fireplace, repainted interiors, and a large eat-in kitchen. The basement has a brick floor and workshop, and there’s also a garden shed out back.

Bristol, RI
Bristol, RI

realtor.com

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Price: $524,900
Year built: 1736
Wood/Crowley House: This charcoal-colored, three-bedroom home sits on nearly 3 wooded acres, and includes professional landscaping, an oversized barn and a garage. The antique home recently received a new roof and insulation, as well as a new water heater.

Bridgewater, MA
Bridgewater, MA

realtor.com

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Price: $2,000,000
Year built: 1740
Exclusive Charleston: Situated on one of the most historic streets in the city, this beautiful brick three-bedroom home has undergone several recent renovations and upgrades.

Updates include the custom black wooden shutters and copper gutters, a kitchen with a Calacatta Gold marble island, and a private, brick-enclosed garden. The gorgeous interiors are a potent blend of vintage style and modern touches.

Charleston, SC
Charleston, SC

realtor.com

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Price: $749,000
Year built: 1750
LaBasseur-Martinangle House: This historic four-bedroom home sits close to the water and received a restoration in 2007. Curb appeal is readily apparent, thanks to its covered porch and patio. Awash in airy pastels inside, this dreamy home is a one-of-a-kind antique.

Beaufort, SC
Beaufort, SC

realtor.com

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Price: $549,000
Year built: 1765
Joseph Hewes House: Bearing the name of one of the signers of the Declaration of Independence, who is said to have owned this property, this historic Colonial is just steps from the waterfront, shops, and dining.

After several additions over the years, the handsome home has four bedrooms, a roomy kitchen, and an added closet in the owner’s suite. There are gardens and a storage building in the fenced backyard.

Edenton, NC
Edenton, NC

realtor.com

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Price: $579,600
Year built: 1760
Red, white and black: Impeccable from the exterior, thanks to its lovely lawn and bright-red front door, this Colonial has been updated throughout.

Highlights of the five-bedroom home include the sunny kitchen, four-season sunroom, wide-plank pine floors, and beehive oven. Outside, the 2-acre property has an in-ground pool, a barn with stables, plus a one-bedroom apartment with kitchenette and living room.

Bridgewater, MA
Bridgewater, MA

realtor.com

———

Price: $239,900
Year built: 1770
Post and beam: This old farmhouse was restored to create a gorgeous, modern family home with character to spare.

Beamed ceilings, wood floors, and a stone fireplace are just a few of the vintage touches. A new kitchen, modern bathrooms, and updated systems have given this old three-bedroom house new life. The surrounding acreage is filled with fruit trees, raspberry bushes, a patio, and a small horse barn.

Warrensburg, NY
Warrensburg, NY

realtor.com

Source: realtor.com

15 Top Income-Earning Blogs: Make Money Online Blogging [Infographic]

Top Paid Bloggers

Top Paid Bloggers

Table of Contents

biggest reason why you should start a blogyet?

I hope this list of income-earning blogs inspires you and proves you can make money online through blogging.

15.  Making Sense of Cents

Founder – Michelle Schroeder-Gardner
Income – $146,498 per month.

MichelleSchroederGardner #15 top earning blogs

MichelleSchroederGardner #15 top earning blogsMichelle Schroeder-Gardner started Making Sense of Cents to “help improve my finances, keep track of my progress and to help readers improve their finances along the way.”

Well, let’s see — how has Schroeder-Gardner done in these areas?

She’s certainly improved her finances, paying off over $38,000 in student loan debt in just 7 months while growing the site’s revenue year-over-year.

Schroeder-Gardner has transparently tracked her progress in her popular monthly income reports.  She says the reports act as a journal for her and keeps her accountable, while also showing others that side income is possible.

And she’s also helping others with their finances by publishing thousands of how-to articles about earning more, saving more, and becoming financially fit.
Making Sense of Cents’ primary income comes from affiliate marketing.  You can see a complete breakdown of this profitable blog’s earnings here.

#14.  Smart Passive Income

Founder – Pat Flynn
Income – $152,276 per month.

Pat Flynn #14 top earning blogs

Pat Flynn #14 top earning blogsSmart Passive Income (SPI) founder Pat Flynn is a beacon of light in the sometimes dark and shady internet marketing space.

Calling himself a “crash test dummy of online business,” Flynn transparently shows what’s working and what isn’t working in his business.

His site details his online business experiments and gives readers actionable blueprints to follow and outlines mistakes to avoid.

Flynn didn’t invent the online income report, but he certainly popularized them.  He’s been publishing monthly income reports on the blog since 2008, detailing his income sources, revenue figures, as well as his expenses.  It’s still one of the most trafficked pages on the site.

Flynn is a great example of a blogger who has successfully branched out into other areas as well.

In 2010, Flynn launched the Smart Passive Income Podcast which is routinely in iTunes top 10 Business podcasts.  To date, the show has been downloaded an impressive 33 million times.

He also broadcasts Ask Pat, a Q and A online business podcast, and SPI TV for visual learners.

Flynn is now a Wall Street Journal best-selling author with 2016’s release of Will It Fly?.

And while his individual success has been plentiful and hard-earned, Flynn gives back by serving on the board of the non-profit Pencils of Promise, helping to build new schools for children in underprivileged regions around the world.
SPI’s primary income comes from affiliate marketing, with other earnings from podcast sponsorship and products.

#13.  Lifehacker

Founder – Gina Trapani
Income – $154,000 per month

Lifehacker Gina Trapani top paid blogger

Lifehacker Gina Trapani top paid bloggerLifehacker was founded in 2005 by Gina Trapani as part of the Gawker Media network.

From the start, Trapani acted as the sole contributor, writing 8 articles a day.  Talk about blogging like a boss!

She impressively launched the site with an exclusive sponsorship from Sony, rumored to be 3 months for $75,000.  Yeah, she’s a boss.

Lifehacker eventually added other contributors and the blog continued to grow in popularity.

As its motto claims, the site’s content is about “tips, tricks and downloads for getting things done.”

Trapani moved on from the company in 2009, and Nick Denton has run it ever since.

The site still churns out 18 articles a day, all designed to make you more productive.
Lifehacker earns its most of its revenue from advertising and it’s been one of the top-earning blogs since it’s inception.

#12.  Timothy Sykes

Founder – Timothy Sykes
Income – $165,000 per monthTimothy Sykes profitable blog

Timothy Sykes profitable blog

Timothy Sykes is a multimillionaire stock trader who famously earned $4 million while day trading in college.

As a high school student, Sykes took $12,415 of his bar mitzvah gift money and turned it into  $1.65 million by day trading penny stocks.

Not stopping there, Sykes has created a hedge fund and starred in the television program Wall Street Warriors.
These days, Sykes documents his trades and strategy on his popular blog, TimothySykes.com.  His top-earning blog offers a Millionaire Challenge and a successful subscription service where users can get real-time trading alerts and access a vast library of trading videos.

#11.  Tuts+

Founder – Collis Ta’eed, Cyan Ta’eed and Jun Rung
Income – $175,000 per month

2 Top Paid Bloggers2 Top Paid Bloggers
Cyan Ta’eed and Collis Ta’eed

Collis Ta’eed, Cyan Ta’eed and Jun Rung founded Tut+ as a modest blog with tutorials on freelancing and Photoshop.

The site ultimately grew into a network of 15 educational blogs, helping people learn profitable online skills, from coding to videography.

At the center of it all remains Tuts+.  In 2014, the group combined all 16 blogs into one central hub called Envato Tuts+.

Envato Tuts+ Premium, a subscription-based membership area offering video courses and ebooks, is the primary source of the site’s income.
You can still find plenty of free content to learn creative skills and yes, they still have tutorials on freelancing and Photoshop.

Tuts+ is one of my favorite blogs and it’s inspiring to know it started as a hobby and developed naturally and organically into one of the highest-earning blogs online.

#10.  Smashing Magazine

Founder – Sven Lennartz and Vitaly Friedman
Income – $215,000 per month

Vitaly Friedman Top Earning BlogsVitaly Friedman Top Earning Blogs
Vitaly Friedman

Smashing Magazine is the superb creation of Sven Lennartz and Vitaly Friedman.

The blog debuted in 2006 with the goal of helping people with web design and web development interests.

Today, Smashing Magazine is a go-to site for anyone looking to acquire these lucrative skills, with an enormous amount of informative and actionable content.

Not surprisingly, the blog receives 5 million page views a month.

The site now hosts frequent web development conferences and full-day workshops all over the world, to help both professionals and amateurs improve their craft.

This top earning blog’s main income comes from their membership area, where users can learn from an impressive number of tutorials covering everything from coding, web design, mobile app development, UX design, graphics and WordPress.

#9.  EOFire

Founder – John Lee Dumas
Income – $223,000 per month

EOFire top earning blog

EOFire top earning blogI’m convinced John Lee Dumas never sleeps.

He operates EOFire.com, short for Entrepreneurs on Fire, delivers a daily business podcast, and in recent years has published two best-selling journals — The Freedom Journal and The Mastery Journal.

But his bread and butter is the EOFire podcast, which is fantastic. In 2012, he noticed none of his favorite podcasts were podcasting daily, leaving him wanting more. So he launched his daily podcast interviewing entrepreneurs, and the rest, as they say, is history.

JLD, as he’s affectionately known, has now interviewed over 1600 entrepreneurs, including Tim Ferriss, Barbara Corcoran, Seth Godin and Gary Vaynerchuk.

In 2013, EOFire was named Best of iTunes.

His journals wrote the book (no pun intended) on how to run a successful crowdsourcing campaign.  And through a partnership with Pencils of Promise, Dumas is parlaying the success of his journals into the creation of schools in underprivileged countries.  You can see one of the schools Dumas made possible here.
EOFire earned a gross income of $595,936 in February of 2016. That’s an incredible feat for one month and well-deserved for JLD.

It’s always good to see good people doing good work and succeeding.

#8.  Gizmodo

Founder – Peter Rojas
Income – $325,000 per month

Peter Rojas is so awesome he’s on this list twice.Peter Rojas 2 top earning blogs

Peter Rojas 2 top earning blogs

Rojas created Gizmodo to cover technology, entertainment, politics, science and science fiction.

Gizmodo launched in 2002 as part of the Gawker Media network run by Nick Denton with Rojas as Editor in Chief.  The blog quickly grew in popularity by partnering with a variety of international firms to deliver translated versions of its content in Europe.

When you visit the site’s home page, one of the first things you notice is an above-the-fold banner that is larger than most.   As you scroll down, you’ll find Gizmodo does a great job of showing a lot of content with only a couple of display ads along the side, with one of them being the same advertiser found at the top of the page.  When you finally scroll past all the content (there’s a lot!) and reach the bottom of the page, you’ll find another large banner just above the footer, and yes, the advertiser is the same as in the other two spots.
Gizmodo’s home page has a great balance of being heavily content-focused but still being able to make a tidy profit with ads.   The ads are unobtrusive but still get noticed, and because of the repetition, the advertiser gets noticed too.  It’s a win-win advertising model for other sites to emulate.

#7.  Perez Hilton

Founder – Perez Hilton
Income – $575,000 per month

Perez Hilton runs a profitable blog

Perez Hilton runs a profitable blogPerez Hilton is a great example of a successful blogger who capitalized on other opportunities outside of blogging.  He’s also a television personality, nationally syndicated host of Radio Perez, and author of a children’s book.

But what he’s most famous for is his celebrity gossip blog PerezHilton.com.  Millions visit his site every day to revel in his brand of snarky gossip entertainment.
Hilton, born Mario Armondo Lavandeira Jr, started his blog as a hobby and decided to focus on Hollywood “because it was something I was inherently curious about, and fascinated with. And, let’s face it, celebrities — a lot of them — are crazy.”

This profitable blog earns its revenue from advertising banners on the site.

#6.  Copyblogger

Founder – Brian Clark
Income – $1,000,000 per month

With Copyblogger, Brian Clark created an audience-focused content marketing machine. Brian Clark #6 top earning blogs

Brian Clark #6 top earning blogs

In fact, Forbes recently called it “the most influential content marketing blog in the world.”

Copyblogger has been helping people write better, sell more, and get more traffic since 2006.

The site’s original tagline was “Internet Marketing For Smart People.”  In other words, they’re not selling snake oil and get rich quick schemes.

Now the tagline is “Words That Work” and boy, do they ever.  Clark and his team are outstanding at writing copy.

When I read they’re sales copy, I’m always compelled to buy. In fact, this site operates on their Genesis Framework and a StudioPress blog theme.
Based on their audience research and communication, they’ve strategically added tools and platforms to help content marketers and digital entrepreneurs grow their businesses.

#5.  Mashable

Founder – Pete Cashmore
Income – $2,000,000 per month

Pete Cashmore High Earning Boog

Pete Cashmore High Earning BoogMashable was started in 2005 by Pete Cashmore, a 19-year-old who still lived at home with his parents in Scotland.

He began by documenting the latest news about social media and emerging Internet technologies.

His work resonated with lots of folks and Mashable became an immediate success, attracting 2 million readers within the first 18 months.

Mashable has come a long way since those early days.  It’s no longer just Cashmore contributing Mashable’s content (they’re hiring!), and they are now headquartered in New York City.
Mashable is positioned to be one of the top-earning blogs online for some time.

The blog is still growing with over 45 million readers a month and the content has expanded to cover business, entertainment and lifestyle and now offers 5 international editions.

Mashable’s income primarily comes from advertisements on the site.

#4.  TechCrunch

Founder – Michael Arrington and Keith Teare
Income – $2,500,000 per month

Michael Arrington and Keith Teare started TechCrunch in 2005 to cover technology industry news.

Keith Teare topo earning blogs founderKeith Teare topo earning blogs founder
Keith Teare

The blog has grown immensely and now features big-name columnists in the startup and venture capital industries.

AOL bought TechCrunch in 2005 for a rumored $25 to $40 million..
TechCrunch earns revenue from display advertising on the blog   Specifically, they charge between $19.25 and $36.50 per CPM (Cost Per Thousand views).

According to the site, they receive 12 million visitors per month and 35 million page views per month.  With such a high CPM, you can see how this top-earning blog makes its considerable income.

#3.  Moz

Founder – Rand Fishkin and Gillian Muessig
Income – $3,300,000 per month

Rand Fishkin #3 highest earning blogsRand Fishkin #3 highest earning blogs
Rand Fishkin

Moz is the go-to place for all things SEO.  Search engine optimization pros check out Moz daily to see what’s happening in the space.

They also come to use their tools and resources to help them rank their sites and extend their visibility.

Rand Fishkin co-founded the site with Gillian Muessig, who happens to be his mother.   The two initially operated a web design shop and Rand had to learn SEO to promote the business.  He shared what he learned in SEO forums and quickly became known as an authority in the field.

Frustrated by the secretive world of SEO, they started SEOMoz in 2004 as a way to openly share the knowledge.  In fact, the Moz part of their name is a direct nod to the open-source sharing philosophy made famous by the Mozilla Foundation and Dmoz Web directory project.

These days the profitable blog and community simply go by Moz, and Fishkin jokingly refers to his title as “Wizard of Moz.”
Moz earned $42 million in 2016, primarily from its paid membership area, which offers valuable tools and services for the avid search engine marketers.

True to the name, Moz still offers numerous tools for free and even the membership area comes with a 30-day free trial.

#2.  Engadget

Founder – Peter Rojas
Income – $5,500,000 per month

We last saw Peter Rojas at #8 with Gizmodo and while that blog focuses on many topics, with Engadget, it’s all about tech.Peter Rojas runs two top earning blogs

Peter Rojas runs two top earning blogs

Rojas created Engadget to give sound advice and detailed reviews on technology and consumer electronics.  From the beginning, the site has employed numerous writers and editors to contribute to its content machine.

Engadget is now run by AOL, who acquired the blog in 2005.
The lesson here is if you ever want to sell your blog, it’s best if it is a brand on its own and not a personal brand.

The company earns massive revenue from advertising on the site.

#1.  HuffPost

Founder – Arianna Huffington
Income – $14,000,000 per month

Arianna Huffington is a top paid blogger

Arianna Huffington is a top paid bloggerIn 2005, Arianna Huffington launched the Huffington Post with the goal of becoming a political counterpart to the popular Drudge Report.  The blog provided a liberal view of politics and lifestyle and quickly gained a strong following.

The site has grown year after year and in 2011, Huffington sold the blog to AOL for $315,000.

Huffington received $21 million-plus stock options in the company as part of the sale and stayed on as Editor-in-Chief.  She resigned from that post in August 2016, and now devotes her time to a new startup Thrive Global, a health and wellness site.

The site has rebranded and is now known simply as HuffPost.

It is the #1 most popular political blog according to a study by eBizMBA.  Alexa Global, Compete and Quantcast.

The top-earning blog is an enormous success, earning $14,000,000 in revenue in 2016, and it is estimated to be worth $1 billion currently.

Sponsored advertising revenue provides the majority of HuffPost’s income.  The site provides banners and other ads across it’s variety of channels.

What do you think?

I hope this list shows you what is possible and inspires you to follow your own path to the top.

As always I would love to hear your thoughts.  Please leave a comment and let me know what you think

15 Top Earning Blogs Making Money Online Infographic

As always I would love to hear your thoughts.  Please leave a comment and let me know what you think

Most profitable blogsMost profitable blogs
Top Paid Bloggers

As always I would love to hear your thoughts.  Please leave a comment below.  What did you think?

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Source: incomist.com

Daniel LaRusso’s House on Cobra Kai: A Real-Life Tuscan-Style Villa

In Netflix’s popular series inspired by the iconic ’80s movie the original Karate Kid, Daniel LaRusso, has moved up in the world — and traded the rundown apartment complex he lived in with his mother for a downright gorgeous Tuscan villa in a posh Los Angeles neighborhood.

In the 30 years or so since Daniel (played by Ralph Macchio) famously defeated the Cobra Kai star student and two-time winner of the All Valley Karate Championship, Johnny Lawrence (William Zabka), LaRusso becomes the owner of a successful car dealership chain in Southern California. He lives happily with his wife, Amanda, and their two children, Samantha and Anthony, in a large home with a swimming pool in Encino — an upscale neighborhood in the San Fernando Valley region of Los Angeles. At least that’s what the storyline of Cobra Kai claims.

Daniel LaRusso’s house in Cobra Kai. Image credit: Netflix

With countless scenes in the series taking place at the LaRusso residence, we couldn’t help ourselves and had to track down the house featured in the Netflix show. Especially since the Tuscan style house is so damn beautiful (and I’m willing to bet I wasn’t the only one reduced to tears to see members of the Cobra Kai dojo make a complete mess out of it at the end of the third season).

Where is Daniel LaRusso’s house in Cobra Kai?

Carefully picked to reflect Daniel San’s new status in the world, his luxurious-yet-homey Spanish-inspired villa is said to be located in Encino, a quiet, affluent neighborhood in San Fernando Valley. While still geographically close to Reseda, where Daniel lived with his mother after moving to Los Angeles, Encino is worlds apart in terms of affordability and home prices — which also signals the divide between Daniel and Johnny, and which worlds they belong to as grown-ups. Boasting impressive architecture and verdant green spaces, Encino has housed a number of notable residents, from Richard Pryor to Johnny Cash, and even got a shot-out from Frank Zappa in his 1982 hit song “Valley Girl”.

Daniel and Johnny next to the pool of the LaRusso house in Cobra Kai. Image credit: Netflix

Where to find it in real life

With its Tuscan-style architecture, Mediterranean-inspired décor, lush landscaping, and generous pool area, the house looks like it was taken straight out of a rich Los Angeles neighborhood. So much so, that many people have pointed out the striking similarities between Daniel Larusso’s house and that of the Walsh family from Beverly Hills 90210. While the two TV homes do share some architectural features, two very different locations were used for filming.

In real life, the LaRusso house isn’t even in California. The house is actually in Marietta, Georgia, a beautiful community located just northwest of Atlanta. While we won’t provide the exact address of the home (out of privacy concerns, as this is an actual single-family house that a lucky family calls home), we did manage to track it down on Zillow.com, and find out quite a few things about it.

With an estimated worth of $1.7 million, the charming Tuscan villa has 6 bedrooms and 7 baths spread across roughly 9,000 square feet of living space. As seen on the Netflix show, the house comes with tons of outdoor space, including a resort-like pool and al fresco dining, and there’s also a greenhouse and an indoor atrium. Other nice features include cork floors, clay walls, and many expansive, rounded windows that add to the appeal of the house.

Cobra Kai – Season 2 – Episode 205. Scene filmed inside the LaRusso house. Image credit: BOB MAHONEY/NETFLIX
Daniel and Amanda LaRusso in their fictional home in Cobra Kai. Image credit: BOB MAHONEY/NETFLIX

Other Cobra Kai filming locations are split between Georgia and California

Despite the action of the show taking place in California, many of the locations seen on screen are actually in Georgia. Just like the LaRusso family home, their dealership and the country club they belong to are both in Georgia, as is the fictional West Valley High School (scenes take place C.T. Martin Natatorium and Recreation Center in Adamsville, Atlanta).

In fact, the only prominent location from the series that’s actually based in California is Johnny Lawrence’s apartment building, said to be in Reseda. In reality, it’s located about a 10-minute drive away, on Burbank Blvd in Tarzana.

Outside Johnny Lawrence’s apartment building on Cobra Kai. Image credit: Mark Hill/NETFLIX

This isn’t the first time Georgia serves as filming grounds for shows said to be based in different cities. Due to its great tax incentives, the Peach State has been attracting film crews in droves, with many popular shows being filmed here including Ozark, The Walking Dead, Stranger Things, The Haunting of Hill House, Sweet Magnolias, and many more.

More homes from popular TV shows

The ‘Fresh Prince of Bel-Air’ House Isn’t Even in Bel-Air
Is it Real? Lucifer’s Den of Sin & Luxury Penthouse at Lux
Where to Find the Real Carrington Manor from ‘Dynasty’
Are They Real? The Opulent Homes in ‘Bridgerton’

Source: fancypantshomes.com

Ask the Readers: What New Skill Would You Like to Learn?

The holiday season is usually very busy for many families, but you can relax now, right? Now that it’s over? Unfortunately, there are other sources of stress in our day-to-day lives; it’s important to remember the things that help us relax even when we’re not bustling through the busiest season.

What new skill would you like to learn? What positive impact do you think knowing this skill will have on your life? Where would you go to learn this skill

Tell us about a new skill you would like to learn and we’ll enter you in a drawing to win a $20 Amazon Gift Card!

Win 1 of 3 $20 Amazon Gift Cards

We’re doing three giveaways — here’s how you can win:

  • Follow us on Twitter
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Use our Rafflecopter widget for your chance to win one of three Amazon Gift Cards:

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Ask the Readers: How Do You Fight the Winter Blues?

Many of us experience the winter blues as the days get colder and darker, some of us may experience it more severely as seasonal affective disorder (SAD). Fortunately, there are steps you can take if you’re feeling usually gloomy or lethargic, such as getting natural light whenever you can or doing moderate exercise.

How do you fight the winter blues? What works as a quick pick-me-up when you’re feeling down?

Tell us how you fight the winter blues and we’ll enter you in a drawing to win a $20 Amazon Gift Card!

Win 1 of 3 $20 Amazon Gift Cards

We’re doing three giveaways — here’s how you can win:

  • Follow us on Twitter
  • Tweet about our giveaway for an entry.
  • Visit our Facebook page for an entry.
  • Follow @janetonthemoney on Twitter.

Use our Rafflecopter widget for your chance to win one of three Amazon Gift Cards:

a Rafflecopter giveaway

Giveaway Rules:

  • Contest ends Monday, December 2nd at 11:59 p.m. Pacific. Winners will be announced after December 2nd on the original post. Winners will also be contacted via email.
     
  • This promotion is in no way sponsored, endorsed or administered, or associated with Facebook or Twitter.
     
  • You must be 18 and U.S. resident to enter. Void where prohibited.

Good Luck!

Source: feeds.killeraces.com