Plus 3 numbers to reach financial freedom and financial goals in your 30s

Photo by Jennifer Griffin on Unsplash

Welcome to the Weekly Dividend a newsletter from Making of a Millionaire, where we highlight the latest and greatest content we have to share with you from the past week.

If you enjoy the stories you read on Making of a Millionaire, forward this email to a friend. If someone forwarded this to you, consider subscribing here.

Five Signs You Might Become Wealthier in the Future

Written by: Ayodeji Awosika

I don’t look down on people for not having money. In many ways, their lot in life isn’t their fault at all.

Society is set up for you to fail. Without question, the game is rigged. Sometimes I think…


Real estate

These insights could save you from a self-made financial disaster

Starter home.
Starter home.
Designed by Freepik

When my wife and I bought our house in 2016, we had a family BBQ to celebrate. One of our relatives walked into the backyard, and before he even said hello, he told us that our house was “cute” and declared that we “won’t be here long.” The implication was clear; in his opinion, my wife and I make too much money to live in this house for more than a few years.

We live in what many people would describe as a “Starter-home;” A 3-bedroom, 2-bathroom house.

The idea of a starter home is that you use it to…


I am curious to hear about your experience with juggling multiple streams of income. Have you found that you can fully concentrate on growing 3 or more income streams, or do you agree 2 is the optimal number?


Remote Work

Anyone with kids has not been “working from home” during the pandemic

Mom working from home during Covid-19.
Mom working from home during Covid-19.
Designed by Freepik

As I sat down to begin writing this article, my 15-month-old baby let out a nightmarish scream. My home office is in the basement, directly below his playroom, where he spends most of his time. Babies tend to cry a lot, so I’ve developed an intuition based on the volume and pitch of a cry to determine whether or not I need to stop working and go help my wife, who is on maternity leave.

This one seemed bad and maintained a high decibel for two minutes straight. I knew he was fine (otherwise, I would have heard my wife…


How about we stop rewarding doom-hyping behavior?

Young man wearing a tinfoil hat.
Young man wearing a tinfoil hat.
Designed by Freepik

If you write about money, the easiest way to become successful is to write a compelling narrative about why we are on the brink of an irreversible economic collapse. Bonus points if you can tie in Bitcoin and gold as the only ways to save yourself from financial ruin.

I call this type of writing “doom-hyping,” and sadly, anyone who writes about money has a financial incentive to participate in this toxic mix of clickbait and uninformed prognostication.

I never want to read another article about how people in the U.S …


Plus why you need exactly 2 income streams & 25 Extreme Personal Finance Tips

Photo by Jordan Wozniak on Unsplash

Welcome to the Weekly Dividend a newsletter from Making of a Millionaire, where we highlight the latest and greatest content we have to share with you from the past week.

If you enjoy the stories you read on Making of a Millionaire, forward this email to a friend. If someone forwarded this to you, consider subscribing here.

How You Can Stay Out of Credit Card Debt and Live Happily Ever After

Written by: Rocco Pendola

Like so many people, I turned to credit cards to finance my self-entitlement.

I didn’t even learn my lesson the first time. …


Personal Finance

#2 — Ask yourself these 4 questions when making big financial decisions

Megaphone.
Megaphone.
Designed by Freepik

It’s rare when talking about money to find an “absolute truth.” Something that applies to everyone regardless of their current financial situation or goals. It might make sense for me to be 100% invested in the stock market based on my financial position and goals, but that does not mean it makes sense for you.

To be honest, I would make a lot more money as a financial writer if I positioned my opinions as truth. …


Personal Finance

Here’s why

Designed by Freepik

One of the popular topics in personal finance is having multiple streams of income.

It’s something I write about all the time. The argument goes like this:

Our human capital aka our ability to earn an income is our most important asset in life. Therefore diversifying your human capital by having multiple streams of income is a smart way to manage risk.

Great, multiple streams of income; got it. But how many income streams is best? There are many different ways of thinking about this. I’ve read articles arguing for five or more income streams.

In this article, I make…


The two most emotionally triggering words in personal finance are “real estate.”

Every time I hit “publish” on a story about real estate, I dread looking in the comments because…

Ben Le Fort

Economic policy wonk by day. Personal finance writer by night. I write about investing, debt, and all things related to money. Editor of Making of a Millionaire

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store