Much like frugality, increased earning potential must be pursued by dissecting one’s resources and ruthlessly cutting out the fat.

If you don’t improve by working smart, continuously learning, and continuously experimenting, you could find yourself out of work before you know it.

Most folks with significant home equity built that equity by living in their home for a long time and paying down their mortgage. Likely, they plan to continue living in their home for a long time to come. Few pursue early financial freedom with a plan to buy a big, fancy home in a nice area, pay down the mortgage every month, pray the home increas

Income is usually (but not always) based on the productivity of the earner. Income can be taken away; income can come and go. Wealth, on the other hand, is a function of knowledge and time. Wealth in the right hands is much harder to lose, and in many cases, increases forever.

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Until your portfolio reaches significant scale, it is far more efficient to build wealth by seeking other ways to earn additional cash. Think of earning investment returns as you would about accepting wages. Don’t put in the work to achieve an extra 1 percent return on $1,000 invested ($10) when you could simply go earn money far more efficiently.

Benefits are nothing, nothing, in comparison to the opportunity to scale and to bet on yourself. Benefits are one piece of the puzzle when selecting a job. Understand their purpose. Their purpose is to attract you to the job and keep you satisfied enough to stay as long as you are needed.

Furthermore, when live-in flippers go to sell their properties, they can often exclude most of the capital gains on their primary residence from taxation, a nifty loophole as part of the Taxpayer Relief Act of 1997. Imagine making hundreds of thousands of dollars, or several times your salary, and not paying a penny of taxes. This tax-advantaged ch

Choose wisely and pursue one of the many professions that offers a chance for freelance work, large income, and other opportunities.