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According to Pew Research Center, “most rental properties – about seven in ten – are owned by individuals, who typically own just one or two properties.” Many real estate investors are out there, but not all of us have the proper training.
Reading real estate books can help you avoid costly mistakes and accelerate your progress toward building wealth.
That’s why I’ve chosen five must-read real estate investing books that can give you a solid foundation for real estate investing and open up your investing mindset.
The general aim of real estate investing is to help you own properties and build passive income each month.
A real estate investor can more easily start investing and managing tenants after reading these books and implementing the lessons and strategies taught.
A great way to start investing in real estate without a lot of money is with Fundrise, a crowdsourcing real estate investing platform.
With investment minimums of ONLY $10, you can start making PASSIVE INCOME with your real estate investment portfolio!
Let’s dive in and see why these 5 real estate books can help you become an expert in real estate investing.
Top Real Estate Investing Books
The Millionaire Real Estate Investor
Buy, Rehab, Refinance, Repeat
The ABC’s Of Real Estate Investing
One Rental At A Time
Every landlord’s Legal Guide
1) The Millionaire Real Estate Investor – Gary Keller
The author, Gary Keller, created the impressionable saying, “ANYONE CAN DO IT… but not everyone will… will you?”.
Beginners should understand the proverb Keller shared before investing in real estate. You must prepare yourself and your mind to be like a millionaire, but don’t worry because Keller has you covered!
Real Estate Investor Stories
The book describes the financial journeys and success stories of 100+ millionaires, so a ton of valuable information is shared about the mistakes and successes of real people.
Keller stated in his book that 90% of millionaires become millionaires by investing in real estate.
In his book, the author helps you learn how to make your mindset similar to a millionaire and have a solid investing strategy. This includes tips on how to generate leads and much more.
Some Strategies Taught in His Book
Everyone needs an investing strategy. Beginners have an excellent opportunity to invest individually (without joining others).
How to NOT make a lousy deal.
Create strategic criteria when you are an investor, and only invest when a deal fits your criteria.
This book also shows how you can apply specific techniques to grow your cash flow and increase real estate equity.
This book is great for any beginner or advanced real estate investor; get your hands on a copy today!
2) Buy, Rehab, Rent, Refinance, Repeat – David M. Green
The method of BRRRR is very easy for the investor if you are starting and purchasing your first residential property.
By reading this book, you can learn what ‘Book Buy, Rehab, Rent, Refinance, Repeat’ means and apply the author’s proven plan. Here is a quick recap of each step.
Buy
Your buying strategy should include having the property in a good location with great potential for solid renters. Green will dive into the specifics in his book, including how to buy a property with limited resources.
Rehab
When you start renovating your property, it will increase the value of your property. Good renovations will focus people’s attention and motivate them to rent. Green will give valuable reasons and tips on how to increase the property’s value greatly.
Rent
When the property is well designed and maintained (renovated), make it available for rent. Start depositing the property rental income into your account and create a healthy cash flow.
Refinance
Learn about holding periods and other tips regarding when and how to refinance the property.
Repeat
Lastly is to buy another property based on the BRRRR strategy. By doing this, you will earn and learn more and, one day, become very successful and wealthy from your investments.
You’ll want to check out this book to learn more about effectively implementing the BRRRR method – the method my wife and I have been using and finding much success. 🙂 You can also see our personal story and insights in this article I wrote: The Ultimate BRRRR Method Real Estate Investing Guide.
3) The ABCs of Real Estate Investing – Ken McElroy
Ken McElroy tells us not to accept any information blindly but always to verify it. Especially in real estate, verifying key information first is vital to making a great purchase and long-term investment.
Find and Understand Market Trends
Why does ken McElroy check the trend first? Because before buying a property or investing money in the market, you must check the market trend rather than the property price only.
The Basic Rules…
The market is more critical than the property. The value of the call depends upon the market value and not the property.
Don’t rely on the gut feeling. The rule of real estate investing – find the facts.
Look for a suitable investment like dating.
McElroy teaches many more methods that can help you identify the best investments using basic math, which will help you know when to buy, how long to hold, and when to sell.
Become an expert and obtain a solid investing foundation by following his methods and steps today!
4) One Rental at a Time – Michael Zuber
This book is about how the author worked a normal job but wanted financial independence.
He made that dream a reality by investing in real estate, sharing many experiences on how he could gain back 20 years of financial freedom.
Zuber will inspire those who are busy professionals and prove that real estate investing is possible, no matter how busy you are.
He explains what decreases and increases the value of a rental and much more.
See more of his inspiring story and how you can invest serious wealth in one rental at a time.
5) Every landlord’s Legal Guide – Marcia Steward, Janet Portman, Ann O’Connell
This book has you covered when it comes to the legal aspects of managing a rental or multiple rentals as a Landlord. I’ve learned from our personal experiences that it’s important to know the legalities and treat your rental as a business; trying to be a friendly landlord will not cut it.
You will learn the best and safest ways to deal with tenants. Here are some key lessons taught –
The 5 books mentioned in this article will help you learn from others’ mistakes and successes, be a great landlord and give you a solid foundation for real estate investing.
Follow the methods taught in our top 5 real estate investor picks and become an excellent real estate investor in 2022!
Disclaimer:
We hope the information in this article provides valuable insights to every reader but we, the Biesingers, are not financial advisors. When making your personal finance decisions, research multiple sources and/or receive advice from a licensed professional. As always, we wish you the best in your pursuit of financial independence!
How Your Mind Can Heal Your Body – David R. Hamilton
Recovery: Freedom from Our Addictions – Russell Brand
Mental health books have been around for a long time, but these 7 take new approaches and innovative ways geared toward lasting results.
The authors give you tools for dealing with the struggles of relationships to battling severe addictions. Other topics covered include conquering your intrusive thoughts to taking anxiety and turning it into a superpower.
These books have you covered on the path to healing.
Some many valuable ideas and lessons stem from the books. These lessons will help you change your mindset and help you to achieve more than you ever thought possible!
Now let’s jump in!
2) Own Your Self – Kelly Brogan
Dr. Kelly Brogan, a New York Times bestselling author, has captivated the world with her book Own Your Self.
This book details the importance of reclaiming your life, mind, and mental health. According to Dr. Kelly Brogan, the book helps guide you to better ownership over your feelings, body, and self.
Dr. Brogan has an Ivy League medical background. Her specialization in neuroscience has helped her understand the human mind’s intricacy.
In a video created by Dr. Brogan, she discusses how more than half of Americans are on prescription medications and how she once was a firm believer in the idea that “medications will fix all.”
Now, she has gained valuable insight from her chronic illnesses and has shifted her mindset to a more holistic approach.
This book has been featured in the New York Times, HuffPost, Goop, and numerous other sites. Through this book, she wants to give you the tools to help heal yourself.
One of the key takeaways is we have the power to heal many ailments in our bodies, and we can work toward a better mind, body, and spirit.
There are few things on this planet more fulfilling than the ability to heal yourself and know you dug yourself out of that dark place.
If you’re looking for a book about taking control and conquering your life, this book will be a great fit.
2) Breaking Negative Thinking Patterns – Gritta Jacob, Hannie van Generen, Laura Seebauer
This mental health book, written by authors Gitta Jacob, Hannie van Generen, and Laura Seebauer, is a new and refreshing read revolving around mental health.
This book is a great introduction if you have never heard of Schema Therapy.
Jacob, Generen, and Seebauer focus on schema mode to help the reader break the patterns related to negative thoughts.
There are two parts to this book. Part one focuses on, more specifically, understanding the “modes” and becoming familiar with your modes.
Part two of the book revolves around changing your modes to help break harmful patterns.
An interesting feature of this book is the presence of case studies related to Schema Therapy and how useful it has been for many patients.
The American Psychology Association describes Schema Therapy as looking at lifelong patterns.
This specific type of therapy has helped patients with difficult psychological diagnoses who have tried years of other therapies but have not achieved much progress.
This book is a wonderful guide to helping you break these potential lifelong mental patterns you have struggled to overcome.
Check this book out if you are looking for a new approach to mental health!
3) Own Your Anxiety – Julian Brass
Are you a person who feels like your anxiety can get the better of you, or have you ever sat on the sidelines because your anxiety was overloaded so that you couldn’t try something new?
Sometimes thoughts are just too overwhelming to control.
Julian Brass has taken anxiety into a secret power in this new mental health book. Own Your Anxiety illustrates the message that. If channeled properly, your anxiety can give you an edge.
This sounds like a dream for a person who has struggled with lifelong anxiety. This is a new and bright perspective for people living with anxiety.
The reason is that having the ability to take what has been thought of as something that hinders you in life and turn it into a tool to better your surroundings is amazing.
Brass has used these methods himself to create a vibrant and fulfilling life! Through his book, he is eager to share his natural approach to changing the world around him.
The 99 simple yet powerful ways he has described to channel your anxiety into vibrant energy is a delightful read.
The first message in the book is to breathe. Yet, Brass approaches it with vigor and insightful information that takes breathing to a different level.
For those who frequently feel anxious, this is a must-read.
4) This Too Shall Pass – Julia Samuel
Julia Samuel, the author of This Too Shall Pass, utilizes the story-telling method to illuminate the hardships people have faced and how these people have overcome those hardships.
The book targets moments of significant change in a person’s life and how change can be much more complex and difficult than we realize.
Julia Samuel is a psychotherapist who has helped countless clients work through their hardships, and she has learned lots about the common struggles everyday people face.
The stories shared within this book are deeply intimate and wonderfully enlightening.
As hard as it can be to deal with life’s difficulties, Samuel’s book reminds us of the similarities in our struggles.
Reading this book and the messages it sends related to the different decisions people make in the face of adversity can help you have a clearer and more sound understanding of your struggles.
This book will also highlight how other everyday people have dealt with their problems which can help you to work through your own.
Samuels has first-hand experience helping people with their hardships in life.
This one is for you if you are looking for a powerful book full of deeply relatable lessons and struggles.
Sometimes we just feel disconnected and out of sync with our partners. Maybe the “wow” factor feels like it has slipped away. The hustle of everyday life may have taken away some of the connection.
Sometimes it is just the loss of intimacy and forgetting the little things that made the relationship so special in the beginning.
We all wonder, “is this how everyone feels in a relationship?”
S. J. Scott and Barrie Davenport have created a book that covers 25 detailed practices that you can use to reignite the flame in your relationship.
After reading this book, you can use these tools to help cultivate a better overall connection with your partner and have a deeper understanding of your relationship.
The tools found in this gem of a book can help you learn to become more proactive to your partner’s needs or more proactive to issues within the relationship and less reactive to the challenges you face.
Experts and scientific research back the habits discussed within these pages.
After using the information found within this book, you will be more conscious and more aware of how your actions and words create positive and negative consequences within your relationship.
You will see your relationship with your partner grow and flourish with this book!
6) How Your Mind Can Heal Your Body – David R. Hamilton
We all have heard how the power of thought can change your life. Well, one author has taken that idea to the next level.
Dr. David Hamilton, the author of How Your Mind Can Heal Your Body, explains the mind-body connection we all have the power to utilize.
Originally written in 2008 and then updated with new information in 2018, this book is chock-full of information regarding meditation and visualization techniques that will help to boost your body’s ability to heal itself.
Dr. Hamilton also details scientific research to demonstrate the power of visualization between two groups.
A section reviews how certain practices can help specific medical conditions. It is also an incredible read if you want to learn more about how the brain works.
How Your Mind Can Heal Your Body is an extremely interesting read that leads to many thought-provoking questions about this connection that we all can experience.
If you are interested in alternative ways to heal your ailments without taking numerous medications, this mental health book is a great place to start!
7) Recovery: Freedom from Our Addictions – Russell Brand
We all know him as the funny guy who was once married to Katy Perry, but did you know he is also an incredible author?
Russel Brand opens up about his struggles with addictions in his book related to mental health called Recovery: Freedom from Our Addictions.
Since a comedian wrote it, there is a comedic side to the book as Brand dives into his addictions to sex, drugs, food, and fame.
His openness to his struggles over more than ten years is refreshing and honest. Brand shares his advice and the tools he used to recover.
He also recognizes the road to recovery. Addiction is not a straight and easy road, and no two recovery stories are alike. Like Brand, many people struggle with addictions, which is a difficult battle.
So, if you feel alone and are struggling with a serious addiction or want to finally kick your caffeine addiction to the curb, check out this well-received book–Recovery: Freedom from Our Addictions.
To Wrap Things Up
Mental health can affect anyone, and we all struggle with our issues.
Even though sometimes it feels like we are alone and have nowhere to turn, people–like the authors mentioned–have either been through the same struggles or have researched and developed tools to help lead you to the road to a successful and fulfilled life.
Mental health issues like anxiety, depression, and addiction can be serious and lead you to a life of hardships.
These books will help you to begin to heal. They can bring feelings of peace, love, and acceptance and have a brighter and more caring life.
If those are the feelings you want to cultivate, get your hands on these books this year!
Disclaimer
The content on this blog includes our personal experiences and opinions in regard to pursuing a healthier lifestyle. We hope the information provides valuable insights to every reader but we are not health advisors. When making your health choices, we recommend researching multiple sources and/or receiving advice from a doctor or licensed health professional.
This post may contain affiliate links; please see our disclaimer for details.
We should all be familiar with personal finance and financial literacy. Managing your money efficiently becomes very difficult without proper knowledge of personal finance, and overspending becomes easier.
There are many things to be aware of and practice regarding personal finance. Retirement planning, investing, budgeting, insurance planning… and so on.
Becoming a financially literate person cannot happen overnight! It takes years of practice and continuous learning to become an expert in financial management.
What better way to learn these essential skills than to read the best personal finance books!
In this article, I will share the top 5 personal finance books you should read in 2022. By reading these books, my knowledge of personal finance and financial literacy has been elevated to a new level.
Rich Dad Poor Dad – Robert Kiyosaki
Total Money Makeover – Dave Ramsey
The Simple Path to Wealth – JL Collins
Why Didn’t They Teach Me This In School? – Cary Siegel
The intelligent investor – Benjamin Graham
What Will You Learn From These Books?
The books in this article are written by some of the world’s top financial experts, businessmen, and investors. They are simple with concepts that are easy to comprehend. You will learn about the following –
1. How to manage your money: Including the rules of money management. You will know how to use your credit card correctly, the difference between an asset and a liability, when to buy or when to sell, etc.
2. How saving and investing work: Most people don’t know this but saving and investing are somewhat related. You will also learn about the different types of investments and other important concepts.
3. Tips and tricks: These books offer money-saving and making techniques and certain hacks to help you save more and spend less!
4. How to make your money work for you: This is the part where you will learn about the difference between passive and active income, how compound interest works, mutual funds, etc. You will also know what financial independence means and how it can help you retire earlier than everyone else!
5. Retirement planning: You will learn about retirement planning, including why you should invest for your future, choosing the best mutual funds, and how much money you need to retire.
Why Read These Top 5 Personal Finance Books?
First, they are written by some of the best financial experts in the world with real-world experience. Also, they appeal to people of different ages and backgrounds, regardless of whether you’re 18 or 60 years old.
You can be a college student or someone who just entered your first job… These books will still teach you all the essentials of personal finance!
If you want to learn more about personal finance and how to become financially literate, then definitely read these books!
So now let’s begin with the top 5 personal finance books that you should read in 2022!
1. Rich Dad Poor Dad – Robert Kiyosaki
The first book on our list is not a usual finance book. It was written by Robert Kiyosaki and it is about personal finance from a rich dad and poor dad’s perspective.
It teaches the difference between the two dads’ financial literacy and how it affects them even today!
What Will You Learn?
There are multiple ways to make money, not only by working a job.
There are clear differences between assets and liabilities. You’ll learn methods to becoming financially free by investing your money in assets instead of liabilities.
You will understand the types of investments that are necessary to becoming rich. You’ll also learn to assess risk and fix your finances by hearing personal stories!
2. Total Money Makeover – Dave Ramsey
The next book on our list is not a usual finance book as well. This money-saving and making guide will teach you the basics of saving, spending less, and avoiding debt!
The book also talks about many surprising money facts about American culture and how people of America view money. The main goal of this book is to teach about making sacrifices now and living a frugal life to secure your future and be financially stable!
What Will You Learn?
You will learn what true wealth is and why it’s more important than the number in your bank account. You’ll also learn how you can take control of your financial life.
Moreover, you will discover money-saving tricks inspired by the author’s personal story about becoming financially independent!
This book also touches on the basics of investments like mutual funds and stocks, so you can learn more about them! Dave Ramsey also writes about 7 baby steps to help people get out of debt and build real wealth!
3. The Simple Path to Wealth – JL Collins
JL Collins covers all the basics of personal finance, such as how to get rid of bad debt and keep investments simple. This book is ideal for people who want to start investing and learn how to grow their money.
It is a great starting point for people who want to know the basics of wealth management. The book also talks about different types of investment vehicles and how they can help you in your journey to financial independence!
What Will You Learn?
You will learn the power of long-term investments and how to utilize every opportunity that comes your way! The path to wealth doesn’t have to be complicated, and JL Collins does a great job of making investing an easy journey.
The author uses their experience to teach different types of assets and money management.
He talks about what true wealth and financial independence are! It will give you insights into research studies about spending habits and how they can affect your investments.
You’ll also learn why passive incomes are bad for you! If you are a beginner, this book is the best thing that will teach you all about personal finance!
4. Why Didn’t They Teach Me This In School? – Cary Siegel
Cary Siegel is a recognized financial expert who has appeared on numerous television shows, including ABC’s 20/20. The book is great for young people and couples! It teaches young investors about the money management BASICS that should have been taught in school.
He also talks about the importance of budgeting, saving, and staying out of debt. This book is ideal for people of ALL AGES on their journey to understanding how money works and how to manage it!
What Will You Learn?
You will learn how to create financial habits that are the building blocks of success. You’ll also discover secrets about financial markets and how they can help you become wealthy.
You’ll also get insights into why some things should be avoided while others can benefit your personal finance. The book is very famous for its 99 personal money management tips and why it is important to have good financial habits
5. The Intelligent Investor – Benjamin Graham
Last but not least, The Intelligent Investor, written by Benjamin Graham. As the name goes, it teaches how to be intelligent when investing.
Graham was one of the greatest finance experts, known for his teachings on value investing strategies, and was Warren Buffett’s mentor and friend.
The book focuses more on the philosophy of investing rather than looking at individual options and opportunities in the market. It talks about broad and general principles for investing and those who want to make wise choices when it comes to their investments.
What Will You Learn?
You’ll learn how to use your money as a tool, not as an object of desire. You’ll also realize why you should invest in stocks and avoid savings accounts and FDs.
This book is about becoming a wise investor and making the best of your money by understanding karma exists.
The author talks about how famous investors like Warren Buffet made a huge fortune with smart and long-term investments. The book is ideal for people who want to jump into the world of inventing and learn how to make smart decisions for long-term investments.
Conclusion
So there you have it! If you are trying to start on your journey of financial independence, these books are the perfect place to begin!
Make sure you do not invest in things you don’t understand. Have a long-term mindset and learn how to be smart about your money.
Make sure that you also keep track of your budgeting and spending carefully. Take what you need and start investing in your future now! Thanks for reading!
Disclaimer:
We hope the information in this article provides valuable insights to every reader but we, the Biesingers, are not financial advisors. When making your personal finance decisions, research multiple sources and/or receive advice from a licensed professional. As always, we wish you the best in your pursuit of financial independence!
This post may contain affiliate links; please see our disclaimer for details.
Money plays a vital role between two people in a relationship. It’s no secret that money problems can be a big reason for relationship problems or even divorce.
One way to prevent this is to ensure you and your spouse are financially on the same page.
So how do you get on the same page with your partner regarding finances? This is a common and important question that many of us ask ourselves.
When I first married my wife we had many disputes about money. At that time, truth be told I did not have good money habits.
While my wife is great at managing money, I used to be a spender!
Over time my wife took some steps to help me change. I was willing to listen and started to change even though some of my changes came slowly.
Now we are completely on the same page and let me tell you, this has made our marriage much more enjoyable and happy. 🙂
Based on our experiences, here are 9 tips to use when working on your finances as a couple.
1. Understand Finance Backgrounds & Be Willing to Change
Let each person share his/her understanding or background in finance.
Learn how each other was taught money growing up! You’ll gain a better understanding of how and why two people have different views on money.
When I first heard how my parents-in-law handle their money, I began understanding why my wife has such an amazing saving and investing mindset.
When my wife heard how my family spends money, she understood why I loved spending money to buy things I didn’t need, haha.
There is no need to be angry if your spouse has a different financial perspective because most of the time it comes from the way they were raised or lack of education.
INSTEAD, we should be understanding and helping each other by sharing money stories and explaining the importance of saving and investing.
When first engaged, my wife did not push me to change my poor spending habits all at once, but really gave me a better idea of what good personal finance looks like.
She shared many stories about how her parents worked so hard to save money and then invested in real estate and stocks, which is why they are free to travel everywhere, really, I feel like they travel every day haha.
After hearing my parents-in-law’s financial story and seeing how they have such an amazing life, I knew who I wanted to be.
A big thanks to my wife for sharing her story and background about finances, which sparked my desire to learn and change.
Being open and willing to change will help you and your spouse in many ways!
2. Read Valuable Finance Books (or Watch Videos)!
If you or your spouse have never had any saving, budgeting, or investing ideas since childhood, I highly recommend reading good books or watching videos to help change your financial mind which will open up a new world.
The first finance book I read was ” Rich Dad Poor Dad”. This book is so amazing. My eyes were opened, and a seed was planted for improving my personal finance and investing decisions.
Later, my wife found out about Dave Ramsey, and she started watching many of his Youtube videos. She always recommended a good one to me when she watched it.
My wife and I changed A LOT after watching Dave Ramsey’s video and learning about his baby steps.
Now we have zero car debt, and we regularly contribute to our emergency fund. Through hard work, I could graduate with my MBA student debt-free. We thank Dave Ramsey for teaching us to get out of debt.
We do not 100% follow his teachings because everyone has different views about finance, but in many ways, he has really helped our family’s finance a lot.
By recommending good finance books or videos and hopefully soon, your partner will be on board and on the same page with you.
3. Recognize the Impact of Bad Money Decisions
When you get married, everything becomes family-centered. Having stable finances is important, especially when children come into the picture.
If you or your significant other likes to spend money indiscriminately and doesn’t like saving money, you should discuss how those decisions will impact your family’s future.
For example, you should both discuss the need to save up an emergency fund, and understand the negative consequences that could arise from not having one.
Many people lost their jobs during times like the 2008 economic recession and COVID-19. If we were one of them and without an emergency fund, our family will be in big trouble.
But if we save up a 3-6 months fully-funded emergency fund, we will have money to cover our bills and expenses – talk about peace of mind!
Another subject to discuss is how to avoid or get out of debt. Here is an article I wrote specifically identifying 11 Strategies to Get Out of Debt Fast!
4. Be Honest With Each Other
Marrying another person means you both become a team. You are not independent anymore, but you can accomplish more with two minds and hearts working together.
Make sure there are no financial secrets in the relationship, and you’ll stay accountable and build a stronger relationship.
It is dishonest not to disclose your income, hide money, secretly spend money to buy what you want, owe an undisclosed debt, etc.
If you keep these things a secret, it will be a weight on you and hurt your mental health, and relationships. You’re burdening yourself with guilt and jeopardizing your partner’s trust in you.
This type of dishonesty will make both parties miserable.
If you and your partner are working on becoming on the same finance page, it’s important to be completely open and honest with each other.
I’m glad that at this point, my wife and I have not had any of this type of dishonest conduct, but have been very honest about our finances even before we got engaged.
Be real and be honest with each other. You won’t regret it!
5. Set Financial Goals Together
One of the best ways to get your spouse on the same financial page as you take time to sit down together and make the same financial goals.
What do you want your finances to look like in 5, 10, or even 30 years? Do you want to be completely out of debt? Do you want to save up your kids’ college education fund? Do you want to retire early?
The end goal for my wife and me is to achieve FIRE (Finance Independence Retire Early). We have been working hard for this goal to make it happen one day through saving, investing, and being wise with our money.
Setting the same financial goals together will give you a direction of where you hope to end up.
Once you and your spouse have the same financial goals, you will be on the same page and working as a team!
Goals also motivate us and give us a positive vision for the future. 🙂
When married couples have the same goals, it will also strengthen their marriage.
A budget is one of the most important steps to financial success.
Write down all of your family expenses and ensure that both of you have enough money for when those bills are due.
After expenses, see how much money you have left and can go toward investing for other things.
It’s also good to look through your bank statement history often and see where you both need to improve.
One way we love to save money is by using Mint Mobile where you can get a great plan for just $15 a month!
Part of budgeting should include investing –
M1 Finance is a great investment opportunity with its robust yet simple app. There are ZERO commissions or account management fees.
Deposits $1,000 or more into your M1 Invest account within two weeks of signing up and get a cash bonus of $30-$500 to that account.
It is not just a trading stock brokerage account but also offers an IRA option that allows you to invest in your retirement.
We highly recommend using M1 Finance to open a brokerage or retirement account! M1 Finance can undoubtedly help you on your financial independence journey.
We combined our finance the day after we engaged! I still remember it was in a taco bell at our school, and I gave my debit card to my wife because I knew she was better at managing money.
We were also working together to save our first house downpayment; combined finances helped a lot! We to on the same page when money is being saved or spent.
I’ve seen many couples keep their finances separate for many reasons like previous bad marriages, or getting married at an older age, etc.
No matter what kind of reason, separate finance may work for a few married couples, but it doesn’t seem to work for most.
One of the youtube channels we like is called Our Rich Journey. In their channel, a very happy couple worked together as a team and were able to retire at 39.
They are our example and motivation!
Combining finance has many benefits as you work together towards your goals and dreams.
8. Open and OFTEN Communication
When you work to get on the same page with your spouse about your finances, often and open communication is CRUCIAL.
Talk about what you and your spouse have accomplished and what you hope to accomplish next.
You can review/reevaluate your budgets, financial goals, and plans to achieve them.
You can also share your true feelings, happy and unhappy things about each other, and things you hope the other person can improve upon.
Oh, if your spouse made a good change, like eating out less, don’t forget to tell he/she a good job in your communication!
Give praise for wise money decisions your spouse is making!
My wife and I both like to communicate before bed, and we express ourselves very directly.
We are grateful that we can talk freely and openly and feel safe sharing our thoughts.
We feel an often and open communication can help us understand each other better, work better together as a team, and stabilize our marriage.
9. Love and Patience
Unfortunately, fights will often occur when money comes up in a conversation between a couple.
If you wish to get your spouse on the same financial page, you must find a healthy way of communicating and use love and patience instead of fighting.
Remember that you have been raised differently and have different backgrounds as mentioned previously.
Quarrels don’t typically end in an agreed-upon solution, but love and patience will help you get to a happy solution much faster.
You can’t expect your spouse to change immediately. It is impossible.
Big changes are made by small changes consistently and sustainably. Over time, these small changes will compound into big changes.
During the tough and painful waiting process, please be patient. Showing your encouragement and love is more useful than blaming and anger.
I made a rule with my wife: every time we fight, we kiss or hug each other and have to hold for three seconds. It’s amazing what a little love or affection can do to diffuse heated situations.
This method worked so well for us; we got better immediately and would laugh together.
You can try or find a method that could work for your marriage.
In Conclusion
I know that life is difficult when you and your spouse are not on the same financial page. You may feel helpless or hopeless sometimes, but hang in there! Read this post with your loved one and know we’re rooting for you!
The 9 tips below will guide you to get your spouse on the same page during your journey to financial freedom!
Share Your Finance Background and Knowledge, Be Willing to Change
Read Valuable Finance Books (or Watch Videos)!
Recognize the Impact of Bad Money Decisions
Be Honest With Each Other
Set Financial Goals Together
Budget As a Team
Combine Finances
Open and OFTEN Communication
Love and Patience
The change process won’t be easy and might be painful at times.
I hope you can use these tips to build a stronger relationship and become better at saving, budgeting, and investing for your family’s future.
Last but not least, if you need help, ask for it! Don’t be ashamed. Whether it’s financial counseling or other counseling.
Thank you for reading! Please leave a comment below with your thoughts and experiences, we’d love to hear from you!
Disclaimer:
We hope the information in this article provides valuable insights to every reader but we, the Biesingers, are not financial advisors. When making your personal finance decisions, research multiple sources and/or receive advice from a licensed professional. As always, we wish you the best in your pursuit of financial independence!
This post may contain affiliate links; please see our disclaimer for details.
Hello Everyone!
2022 is here, along with the opportunity to create impactful health goals to start things off right. Maintaining physical, emotional, and mental health can also go a long way to helping you gain control over your life and finances.
This post is about health but remember that enjoying financial freedom requires good health. 🙂
I have set some big goals this year and am excited to share those with you later on in this article, but first, let’s discuss health goals and explore tips on how to set and achieve them in 2022!
What are health goals and why are they important?
Health goals are defined to provide direction and guide efforts to improve overall health plus help measure progress.
Maintaining good health is an important area of life, and it’s important to set health goals and take action to achieve them.
Setting meaningful health and wellness goals will almost always lead to increased health and disease prevention.
Creating healthy eating and exercise routines will have many incredible results. Below are some of the common benefits of living a healthy lifestyle –
Help control your weight and keep weight off (1, 2)
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Stretch daily
30 day push up and sit-up challenge
Track calorie consumption & weight through the FitBit app
Find new delicious & healthy food
Implement positive self talk
How to achieve your 2022 health goal?
Health goals will be easier to achieve when they are S.M.A.R.T. – specific, measurable, attainable, relevant, and time-Bound.
I will break down each part of a SMART goal below.
1. Be Specific
Take some time to create a clear mental image of what goal you want to accomplish and how you can accomplish it, then write it down in detail.
Make sure the details are crystal clear with no room for misinterpretation.
Try to not be too vague, such as “I will eat healthier”.
2. Be Measurable
Make your health goal measurable by adding metrics to the HOW you will achieve the goal.
Breaking up a large goal into smaller milestones is also very helpful.
Making goals measurable means you will know 100% whether you have fully hit the goal or not.
3. Be Attainable
A goal is attainable when it can be reached on or before a certain deadline.
The biggest recommendation I can give is to start where you are at.
Add flexibility to your goal as well so it is not too difficult to complete, prepare for the unexpected.
Take some time to write down your day-to-day schedule with any potential barriers or challenges you may need to overcome. Doing so will help you become aware of any time constraints and mentally prepare to overcome barriers.
4. Be Relevant
A relevant goal means that each aspect of the goal aligns with your purpose and enhances your sense of worth.
Begin with the end in mind, and make sure the goal doesn’t put off other priorities or create an imbalance in life.
5. Be Time-Bound
Adding an end date or deadline will make your goal time-bound.
There are many ways to stay accountable to the deadline, try finding one that keeps you motivated.
Taking action on your health goals will take effort and unexpected challenges will surely arise. Try looking for any positives when things get tough. Remember, the process is refining, and things will get easier as time goes on.
I’ve noticed when I turn a negative into a positive, my entire attitude changes, and I have greater uplifting energy. Although easier said than done, I hope you can look for the positives to help you on your journey.
Have a backup plan in place
Being flexible is key, especially for those with busy schedules (which is probably most of us).
Part of being flexible is having a plan B / backup plan. For example, if the original goal is to work out for 45 minutes but something comes up, try to fit in another prepared workout that is shorter. Doing something is always better than not taking action on your goals.
Love yourself in every health phase – set mental health goals!
Loving thyself happens when you build yourself up and are your best friend. This isn’t always easy, but I’ve noticed it gets easier as I consciously practice positive and loving self-talk.
It’s important NOT to have the mentality of “I will be happy once I reach my goal” but instead say, “I am happy now and enjoying the journey; I love myself now.” Using this type of positive and reinforcing self-talk will go a long way to improve your happiness and ability to keep going.
If you’re busy and want a custom meal plan, I recommend trying out NutriSystem! You can start by taking an easy survey. Then they will send you balanced and nutritious meals and snacks!
You can now buy a month and get an entire month free! – Check it out today at NutriSystem! 🙂
Final thoughts
Remember, setting health goals for the body, mind, and spirit is important.
The quote below helps remind us that health takes many forms and is in our control.
“Your health is what you make of it. Everything you do and think either adds to the vitality, energy and spirit you possess or takes away from it.”
Ann Wigmore
What are some of your health goals this year? Let us know in the comments section below!
Disclaimer
The content on this blog includes our personal experiences and opinions in regard to pursuing a healthier lifestyle. We hope the information provides valuable insights to every reader but we are not health advisors. When making your health choices, we recommend researching multiple sources and/or receiving advice from a doctor or licensed health professional.