Assets and Liabilities: Understanding the Difference

In the world of personal finance, there are two important terms that are good to know: assets and liabilities. Assets are things that you own that have value, while liabilities are things that you owe. 

By understanding the difference between assets and liabilities, you can get a better understanding of your financial situation and improve your ability to reach your financial goals, whether you want to plan for a FIRE lifestyle or otherwise. 

Assets and liabilities are the two sides of the balance sheet, and they provide a snapshot of your financial health, so it’s a good idea to get familiar with the value of each of yours.

In this article, I’m going to explain the difference between assets and liabilities and give you the information you’ll need to help you understand your net worth.

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So you’ve finally done it and achieved the work from home job, good work! Now you’re probably thinking about what you need to do to get your home office setup completed.

I’ve been working from home exclusively since 2019 (and here and there before then), so I’ve been through my share of office supplies.

Now I’m going to give you the top 10 supplies I recommend to complete your work from home office setup. Ready to dive in?

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Would you like to start a business, side hustle, or passion project in a writing field?

Perhaps you’ve reached a point in your career where you can retire early and you’re looking for something to do with your free time, or maybe you always dreamed of starting a business. 

On the other hand, you might just be looking for a new passion project to light up your life, and you’re certain writing is ‘wright’ for you.

In any case, a writing business can be super rewarding, but it can also be a lot of work. It all depends on what you want to get out of your pursuit.

To be successful, you’re going to need some useful tools, and in this article, I’m going to give you the top 10 tools that you can start using to support your writing business goals – TODAY.

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When was the last time you calculated your net worth? Last month… Perhaps last year? Or never?

Now there’s no need to panic if the answer is never. You also don’t need to panic if you know nothing about net worth because I’m about to tell you what you need to know… right now. 

In this article, I’ll provide a brief overview of why net worth is important, how it can support your FIRE goals, how to calculate it, and how understanding your net worth can support your financial situation, regardless of your goals. When you’re done reading you’ll know to calculate your net worth to support your FIRE dreams.

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The resume objective has gone the way of the dinosaur, but the resume summary has not. In fact, your resume summary is more important than ever these days.

Do you know why?

Hiring managers and recruiters review countless resumes before making hiring decisions, so they’re super busy.

Therefore, they appreciate anything you do to save them a few extra minutes. That’s where your resume summary comes in.

Your resume summary contains a snapshot version of the highlights of your resume. It tells the hiring manager in 30 seconds or less whether or not you’re a good fit for the role.

Hiring managers and recruiters LOVE resumes that contain a summary. It means they don’t need to hunt for the details.

If your resume doesn’t include a summary section and you’re looking for work, then you need to get one added… pronto.

The good news is that I’m about to give you the steps to get your resume summary section created in 15 minutes or less. So let’s get started.

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So you’ve earned yourself a little extra time, or perhaps you’re just looking for a new hobby, but now you might be wondering, “Exactly, how do you choose a passion project?”

Look no further because I’m about to give you some key tips on how to choose a new pursuit that you’ll find fulfilling.

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Would you like to retire early? It might sound like a lofty dream, but it’s one of the foundational components of the FIRE movement (Financial Independence Retire Early).

Perhaps you favor a Jaime Lannister approach and would rather work than sit on an Iron Throne. Or maybe your style is a bit more Cersei Lannister and you dream of creating chaos from afar. A FIRE lifestyle is a bit like a choose-your-own-adventure approach to life.

In any case, the FIRE movement has gained traction in recent years, especially among younger generations. Older generations might have been happy working until the prime age of 65 or beyond, but more people are starting to say, “No, thank you,” Olenna Tyrell style.

By following a few simple principles, it is possible for you to build a large enough nest egg to retire early and live a comfortable lifestyle, though it does take effort. The Lannisters didn’t build their fortune overnight either.

In this article, I’ll tell you the benefits of retiring early, how you can use the FIRE formula to plan an early retirement and ways you can be more successful with your FIRE goals.

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Creating SMART Goals for Your Career

You’ve probably set goals in your job, potentially even SMART goals, but have you ever considered setting SMART goals for your career?

Now before you roll your eyes and move on to more entertaining topics on social media, hear me out. 

Undoubtedly it’s a giant pain in the you-know-what to set goals for your job. You might even dread it every year (I did). Despite how you may feel about setting goals, your career can seriously benefit if you put actionable goals in place for yourself.

In this article, I’m going to tell you 6 reasons why you should start setting SMART goals for your career, plus 7 simple ways you can get started today.

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Your friends are talking about their latest project, but you can’t help but wonder, “why are passion projects important?” Or maybe, why should I care? After all, you have enough going on between a career, family, friends, pets, and whatever else, right?

In today’s fast-paced world, it can be easy to get caught up in the hustle and bustle of everyday life. You’re constantly bombarded with messages telling you what you need to do, who you need to be, and how you need to live your life. It can be hard to find time for the things that you’re passionate about.

But passion projects ARE important. They’re a way to express yourself, learn new things, and grow as an individual. They can also help you find your purpose in life. 

In this article, I’m going to give you 8 benefits that a passion project can have for you, a few passion project ideas to get started, plus how you can get started today.

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The FIRE movement, or Financial Independence Retire Early, is a growing trend that has been gaining popularity, mainly among millennials and Gen Z. 

The idea of “Financial Independence Retire Early” is popular because its rewards are steep: financial freedom, the opportunity to retire early, and spending more time doing what you enjoy. What’s not to love?

The rewards are steep, but so are the challenges.

In this article, I’ll give you 10 compelling reasons to consider joining the FIRE Movement (Financial Independence Retire Early), despite the challenges, plus some tips on how you can get started today.

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