How to Retire By 55 (or Sooner) on a Salary of $50,000 or Less

How to Retire by Age 55

If you’ve got dreams of retiring early by age 55 or sooner, then you’ll be very delighted to know that this goal is well within your reach! Believe it or not, our ability to reach financial independence is something that is always possible to achieve. Though the path to get there may not always be clear, there are always certain actions we can take that will cut through the brush and reveal a clearing at the end of the forest. The biggest question and sometimes most challenging obstacle: How? You might think that the dream of financial freedom is something that is only reserved for … [Read more...]

Countering The Arguments Against P2P Lending

p2p lending

MMD: Today we have a mega guest post from fellow personal finance blogger ARB.  Take it away! Hello, readers of My Money Design! I am ARB, the Angry Retail Banker! Over on my blog, I offer what I call “An Insider's Take On Retail Banking”, which means that between bouts of raging out and threatening my entire customer base with physical harm, I talk about both life as a branch banker and ways for you to maximize your banking relationship. I am here today to talk about absolutely none of that stuff. Before you all hit the back button on your browser and type “funny cat videos” into … [Read more...]

How Much Do I Need to Save for Retirement?  Probably Much, Much Less Than You Think!

how much do i need to save for retirement

When it comes to your retirement savings, how do you know when enough is enough? According to an article from CNBC, a global investment management firm surveyed investors and you know what they came up with? An average retirement nest egg of $2.5 million! That’s how much they believe it will take to have the same quality of life they’re enjoying today. As I found out first hand at a lunch outing with a friend, this sort of belief is all too common! But what if it’s not at all true?  What if you really sat down and actually figured out how much do I need to save for retirement and … [Read more...]

A No-Brainer Way to Lower Your Bills – For Free!

lower my bills

One of my favorite blog series to follow along with is J Money's "Challenge Everything" series over at Budgets are Sexy. In case you don't know this one, basically what J does is take a different bill every month and tries to get it lowered. Or another thing he'll try is to look for some other side hustle to make a little extra money on the side. Collectively this ends up going into a special fund that he can do whatever he wants with when it's all done. So far he's done quite well with himself. At last count he was over $4,000 bucks!   Lower Your Bills With a Little … [Read more...]

Niche Website Income Report 30 – $983 for May 2015 – The HOTH Platinum Package


Hello and welcome to yet another edition of our Niche Website Income Report! Every month I publish these reports to let you, the readers, know what’s going on with this passive income effort as well as help keep myself accountable.  This forces me to really task myself with trying to find new and creative ways to grow my online empire. Ultimately our goal is to build up as many passive income streams as possible from these websites while only investing a minimal amount of time and resources (therefore getting the best return-on-investment we can earn). I can’t believe we’re already at … [Read more...]

A Better Alternative to Working Too Much

employee working too much

Ambition can be a good thing. That is … until it drives you INSANE because all you do is work – all of the time! All too often we make the mistake in our careers by having the notion that taking on more and more projects will convert proportionally to more income. But then we’re disappointed when all that happens is we end up working way too much and the whole thing just blows up in our face. Believe it or not, there’s a theory in economics that can help explain why this is an effort in vain.  But as you’ll find out, where one door closes, another one can open. Let’s take a dive … [Read more...]

What Would You Do with $100,000 if You Waited One More Year to Retire?

What Would You Do with $100,000

One of the fun things to think about when it comes to investing is what happens when your assets reach critical mass – the point at which your money is self-sustaining.  Generally that’s when your compounded returns are so large that they could support you if you were to suddenly stop working. Most of the time the goal for retirement is to reach this point and have our finances start to take care of us.  BUT … for fun, let’s consider what would happen if we didn’t. Let’s suppose you had accumulated $1 million dollars by the time you had intended to retire.   But being financially savvy, … [Read more...]

My eBook Publishing Update – May 2015

ebook on iPad

I was really hoping that for my first eBook publishing report I would have some kind of wonderful news to share with you. Something great like I had made well over $1,000 in my first month or that my book has been downloaded over 10,000 times. Well … … unfortunately that’s not how it’s gone at all. As you may already know, last month I released my first eBook. Though I’m very proud of what I’ve created, I will say that in all honesty this new venture is proving to be more challenging then I originally thought! But that’s how these things go.  Developing a true passive income … [Read more...]