Hello and welcome to Milking the Dollar$!  I’m glad you’ve joined us and hope that you find the information here useful.

The purpose of this blog is pretty straightforward:  I want to help you improve your personal financial situation no matter your income level.  My philosophy for doing this  is simple, yet multifaceted:

  • A slow approach is the best approach:  Unlike what you may already believe, most wealthly individuals did not inherent their fortune or win the lottery.  In fact, the majority of the millionaires in this country earn an average income.  Their secret, however, was to build their wealth slowly over the years by living frugally, saving regularly, and investing wisely.
  • A simple life is the most fulfilling one:  Contrary to popular belief, the majority of the wealthy in this country do not drive fancy cars and own huge McMansions.  In fact, most are hard to spot.  That’s because they diligently save their money by owning modest homes, driving the same, unassuming car for years, and by living with fewer of the trappings of modern society.
  • Defense>Offense:  This is the #1 rule for “getting rich” when your income is meager.  Quite simply, it’s easier to save the money you already have than earn more.  Once a dollar is spent, it’s ability to generate further wealth is forever gone.
  • Opportunity is everywhere:  I mean this quite literally.  The world is full of niches to fill.  For example, yours could be selling used clothing on eBay or starting your own website.  Remember, the wealth is out there; you just have to find it.
  • There is always something new to learn:  Personal finance is a never-ending adventure in learning.  Every day is another opportunity to pay down your debt, invest in what you believe, and discover new ways to save money.  This can range from browsing the Internet for low prices, to reading the latest financial literature.
  • Your skills and knowledge are great assets:  Education is a sure route for upward mobility.  You don’t have to have a college degree, however.  Put what you know and are passionate about to work for you, and I promise you’ll never go wrong.
  • Diversify your investments:  As they say, never keep all of your eggs in 1 basket.  Not only will this advice  lessen the odds of a catastrophic loss, but it will also force you to seek out new opportunity elsewhere. 
  • Plastic is your friend:  Opposite of what you may have heard, credit and debit cards are powerful tools.  The trick is learning how to safely utilize their abilities.  If you already follow the above creed, however, you should have no problems using plastic to your advantage.

 Anyway, thank you again for visiting this site.  I hope you become a regular here and join me on this adventure.  Feel free to contact me anytime if you have questions or suggestions.  Happy reading!