Quit Like A Millionaire

Quit Like A Millionaire will give you a mathematically proven way to manage your money and build wealth that will set you on the path to financial freedom.

Okay, I know how this one sounds. Kind of depressing? Many wealthy people including Steve Jobs have given career advice that’s something along the lines of “Follow your heart.” Doing something you love can really pay off, right? Shen teaches that this is often the wrong choice.

Kristy had to decide between three majors: creative writing, computer engineering, and accounting. In her heart, she felt she should go with creative writing. But when she looked at the math, computer engineering was the best decision. A four-year program would cost her $40,000. The average income of a writer was $17,000, or just $2,752 above what she could make at minimum wage. Computer engineering, however, would give her a whopping $40,000 more than minimum wage per year.

By now you’re probably thinking she should’ve done what made her happiest, regardless of money. But if you think about it, if you are worried about the most basic needs, like buying food or having money for rent, you aren’t going to be living a very joyous life, are you? And even if writing is your passion, studies show that passions change significantly over a lifetime, even in one decade.

So, she followed the math and went with engineering. And today she is a writer. The well-paying job she had as an engineer allowed her to pursue her writing dream. She was able to put her best creative efforts forward in her free time when she wasn’t worried about paying the bills.

If you’ve read Dave Ramsy’s The Total Money Makeover, you know by now that debt is your worst enemy. All it does is trap you in an endless, stressful cycle of work and repayment. If you want to be financially independent, get rid of all of your debts as fast as possible. The worst debt is consumer debt because it has the highest interest rates. If you’re stuck in debt, there’s no point in investing or saving money— you can’t outsave your debt. So do everything you can to save and pay them off. Start with the highest interest rates first and throw as much money as you can at them as fast as possible. If possible, refinance your loans. Trying to become financially independent while you have debt is a lot like trying to run a marathon with a backpack of rocks. If you want to grow your assets, you’ll need that freedom from debt. When you do have a little money to spend, it will be best spent on experiences rather than things.…