TNFG Favs
My favorite topics on the Neighborhood Finance Guy (TNFG Favs) website are:
- Budgeting and saving: I like the blog's posts on budgeting and saving because they are practical and easy to understand. The blog provides readers with tips on how to create a budget, track their spending, and save money for their financial goals.
- Investing: I also like the blog's posts on investing because they are informative and well-written. The blog provides readers with information on how to choose investments, manage their risk, and grow their wealth.
- Retirement planning: I find the blog's posts on retirement planning to be helpful and informative. The blog provides readers with information on how to save for retirement, choose the right retirement plan, and maximize their retirement income.
- Debt management: I like the blog's posts on debt management because they are realistic and helpful. The blog provides readers with tips on how to get out of debt, improve their credit scores, and build their financial futures.
- Personal finance: I find the blog's posts on personal finance to be comprehensive and informative. The blog covers a wide range of financial topics, such as taxes, insurance, and estate planning.
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How to Create $7k in Passive Income Quarterly – Q3 2024 Recap
Tracking TNFG’s QTR 3 2024 Passive Income Progress The third quarter numbers are in, a run-of-the-mill $7k month. The glory days of $20,000 quarters from 2020 are long gone. Relatively, I’m grateful for our +$6,000 average. My goal is to bring that up to an average of $10,000 monthly by 2027. Unfortunately, prices are up on our business expenses, and dividend yields are down. In positive news, Federal interest rates are easing to 2 percent. Times are harder. Reflected in the election results, the average American household lives check to check. As the new federal administration takes shape, the future is 50/50. There are fears that tariffs will drive up…
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Why Financial Freedom Should Be On Your Wealth Bucket List
Achieving financial freedom necessitates a Wealth Bucket List to prepare for retirement. The author emphasizes accountability, budgeting, and discipline as paths to personal finance success. Planning for retirement includes significant financial goals, a commitment to lifelong learning, and a passion for travel and service. The aim is to create a purposeful, fulfilling life post-retirement.
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Where’s Your Money Going? How to Track Your Expenses.
According to a 2024 Debt.com survey, nearly 94 percent of households noted that they have a budget. And yet, Americans are struggling with their expenses. With higher-than-average inflation, low wages, and high revolving consumer debt, it’s time to modify your behavior. Tracking and managing your expenses is the difference between barely making it and becoming wealthy. As you may know, the TNFG household reviews our expenses monthly or as often as needed. It’s a great opportunity to make cash flow changes instead of unexpected changes. Life happens. I repeat Negative Financial challenges will happen just as often as Positive ones. Know that they are coming and learn to adapt and…
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How We Made $5k+ in Passive Income for Q2 2024
The second quarter of 2024 was tight. High prices raged on and it's likely that the passive income economy dragged down. With price inflation up, some goals might not materialize this year but we will likely still land in the positive. Nearly $7k in gross passive income is still income.
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How to Use the Kaizen Business Principles for Continuous Personal and Financial Improvement
Kaizen is the Japanese word for “good change” (Kai = change, Zen = good). Typically used in Business philosophy, it describes the continuous improvement of all functions, at all levels of the hierarchy. As such, Kaizen is both a powerful and competitive strategy. Using it, you will find that each aspect of your life can work seamlessly together. From your relationships with others to your finances, the goal is to shift your lifestyle toward success. At its core, Kaizen means that you can always take meaningful actions. As the main character in your story, you are empowered to create, build, and improve. To do better than the last time and to…
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The Power of Perspective and its Impact on your Wealth
Let’s talk about learning and understanding perspective. Every time I’m interviewed about how my wife and I became first-generation millionaires, I’m at a loss for words and why. We aren’t super talented, or “exceptionally smart.” Neither of us has a unique skill set, if you don’t count my wife’s streak of hyper-competitiveness with games. Though we lack, what we do have is Perspective, in abundance. Britannica defines “Perspective” as a way of thinking about and understanding. It could be a particular issue, but for me, it’s more about the angle at which you see life. You can take identical twins, place them in a room filled with 10 people, and…
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Using Whole Life Insurance for Retirement? Read the Fine Print
By now you likely heard of whole life insurance. If not, you are in luck. This is where you really have to read the fine print. If you ever run into an insurance advisor, producer, agent, or associate, just know that they are insurance sellers. They make a commission on the sale. That should be warning enough. Worst yet, they really don’t make that much annually (ref. ). This makes them very desperate which forces them to stretch the truth on the benefits of their services or products. Specifically, if you want to protect your hard-earned dollars, pay attention to the sleight of hand. Keep an eye out for the…
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How to Bring in $24k of Passive Income by Q4 2023
Reviewing The Neighborhood Finance Guy's (TNFG) not so passive income and what generated $24,000 through 2023. Extra Money is Good Money! With the market slowing through 2025, time to get creative and earn more before the next super cycle.
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How to Build a More Secure Financial Future in 2024
Coming off of 2020-2021 with $200k net worth increases year over year, the market slowed drastically for 2022 and 2023. We're Tracking Still Growth over Losses.
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$82,353 is the Salary You Need To Make To Obtain Millionaire Status
More People Should Build Wealth. It's Easier than You Think. Most Millennials Can and Should Consider Becoming Millionaires.
