Browsing Category: "Updates"

New Edition of the Carnival of Debt Reduction

January 7th, 2009 by Matt | Posted in Link Love, Manage Money, Updates

The new edition of the Carnival of Debt Reduction is out and one of my articles has been featured: 5 Reasons to Track Your Expenses. Go check it out!

This carnival really featured some great articles. Here are some of my favorites:

I hope you enjoy the content from this carnival. It’s one of the best I’ve seen in a while!

Blog Carnivals!

December 6th, 2008 by Matt | Posted in Updates

3 Reasons to Clean Out Your Closet Immediately has been featured on some recent blog carnivals. Please take some time to review these carnivals, as they have aggregated some great info all in one place. I’d like to say thanks to:

Thanks for featuring my article!

Recent Blog Carnival Submissions

November 16th, 2008 by Matt | Posted in Link Love, Updates

The following blog carnivals have been kind enough to feature posts from 15 Minutes to Riches in the past week. I’d like to thank everyone who took the time to link to and review my posts! I hope my readers will take just a second to check out these carnivals–there really is some great information in all of them! The listings are below:

Anna from On a Quest to be Debt Free posted about How PB&J Saved Me $1,296 This Year in the Festival of Frugality Veteran’s Day Edition.
Jeremy Simon from CreditCards.com posted about How PB&J Saved Me $1,296 This Year in the Money Hacks Carnival Aviation Month Edition.
Mary from SimplyForties posted about Shake a Stick at Unnecessary Gym Expenses in the Carnival of Debt Reduction #166.

Thanks again, Anna, Jeremy, and Mary!

Change is in the Air

November 9th, 2008 by Matt | Posted in Updates

With the recent election of U.S. Senator Barack Obama, who has come to represent hope and positive change to many Americans, I feel it is time to announce a parallel change (hopefully positive) in the direction of this blog. When I launched 15 Minutes to Riches, now Wealth Itself, it was intended to focus on teaching people how to launch a profitable blog, with the requirement that no more than 15 minutes per day would be spent working on the blog.

Since then, I’ve realized that this may be too limiting. There are many other ways to make and/or save money in only 15 minutes per day, and I’ve really been itching to talk about them. While it’s true that I could launch another blog to cover these topics, I feel it would be counterproductive. “15 Minutes to Riches, now Wealth Itself” is a slogan that we can each apply to our own lives. It represents the possibility of living a wealthy and financially-independent life, while still having time to enjoy it. With that said, you’ll soon be seeing some posts that concentrate on making or saving money, and they won’t necessarily be related to blogging. I think this is a positive change and I hope that, once my readers have a chance to experience and get used to the changes, they will think so, too.

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Snowballing Your Debt Into Oblivion

By Matt on October 11, 2008

If you’re like me, at one point in your life, you’ve found yourself in more debt than you could reasonably handle. One of the most popular strategies for getting out of this mess is consulting with a debt consolidation company. While this is not always necessarily a bad idea, it will negatively affect your credit score for a time, and it won’t always fix your problems in the long-term. A better solution is often to apply a technique called snowballing. In the past year, I’ve managed to pay off 3 bills that have been plaguing me for years using this technique. And I haven’t had to change my lifestyle to do it! Here is how I’ve applied the technique:

Arrange your bills in order from highest to lowest interest rate
Look at the top 3 bills and choose the one with the lowest balance
Now focus all your efforts (and excess money) on paying this bill off until it has been paid in full
Rinse and Repeat, taking your old monthly payment you were applying to the previous bill, and applying it to the next bill

Posted in Debt Management | Tagged bills, credit, credit card, credit score, debt, debt consolidation, snowballing | 2 Responses

How to Build a Blog for Residual Income – Part 1

By Matt on October 19, 2008

G’day, folks! Today, I’m going to begin a series of posts centered around setting up a blog for bringing in some residual income. I’ll begin by answering the question of why one would want to go through the trouble of doing this… residual income offers us the promise of a maximum return on our investment. In this case, our investment is our time, and our return is financial freedom! This isn’t a foreign concept–most of us are used to the idea of getting paid for our time. The only problem is, many of us are spending 60 hours per week or more working for a fixed income. Residual income gives us a better way–it gives us a way to make money while we do nothing! Sure, you have to do some work up-front… but once that work is done, you can sit back and watch the money roll in. For more information on this topic, I’d suggest reading The 4-Hour Workweek. It’s really a great read! (I do receive a small amount of affiliate income from purchases made through this site, but I will NOT promote products that I do not believe are quality and worthwhile). This book covers the essentials of what residual income is all about and how to attain financial freedom in today’s economy. If you don’t trust my recommendation, check out this thorough review of The 4-Hour Workweek from one of my favorite blogs, Get Rich Slowly. Decide for yourself. Once you’re convinced it’s worth your time to pursue one or more avenues of residual income (you’re probably already pursuing some of them, i.e. investing in the stock market, interest earned through your savings account, etc.), come back to my blog and check out Part 2 of this post, where I’ll begin to explain how you can set up your own blog and get paid a residual income for simply expressing your own opinions on a subject of your choosing. Thanks for reading!

Posted in Blogging, Link Love | Tagged 4-hour workweek, blog, Blogging, financial freedom, get rich slowly, Make Money, residual income | 5 Responses

How to Build a Blog for Residual Income – Part 2

By Matt on October 21, 2008

This is Part 2 of the series How to Build a Blog for Residual Income.

In Part 1 of this post, I explained why residual income is a worthy goal, and presented one of my favorite books, The 4-Hour Workweek, which goes to great lengths to explain different ways in which you can create a sustainable flow of residual income for yourself. In this post, I’ll begin the process of showing you how to create a blog for one of these channels of residual income. Please keep in mind that blogs offer only one possibility for residual income in your life, and that to be most effective, you should strive to create other channels of residual income for yourself. When you do this, even if each stream of income is only bringing in small amounts of money, when you add them all up, the results can be overwhelming!

For my blogs, I tend to use either Blogger or Wordpress, so my experience with other platforms is limited. For this series of articles, I’ll be focusing mostly on Wordpress, but may mention Blogger in passing if I feel I can contribute something important. Now, without further ado, here’s a rundown of some of the things I’m planning to discuss in this series of articles:

Posted in Blogging | Tagged 4-hour workweek, blog, blogger, Blogging, blogspot, financial freedom, get rich slowly, Make Money, residual income, wordpress | 2 Responses

Save Money — Ride a Motorcycle

By Matt on October 21, 2008

In a previous post, I mentioned one of my favorite blogs, Get Rich Slowly. There is always some good content there, and the author is at it again. Recently, he’s posted an article on saving money by riding a scooter. I really enjoyed this article and I think it’s a great idea. In fact, for the past two years, I’ve been riding motorcycles to and from work, as well as recreationally. While I can’t get rid of my car, since the winter months do not offer a very pleasant riding experience where I live, I do save quite a bit of money on gas by riding my motorcycle during the warmer months of the year. If you’ve got a thirst for adventure (and frugality), I’d urge you to do the math and determine whether riding a motorcycle is for you. There are several bikes out there that will get 50-70 mpg (some will do much better than even this). Whatever you do, remember: SAFETY FIRST. I won’t get on a motorcycle without, at the very least, wearing a helmet. Additional safety gear, such as padded jackets, boots, pants, and gloves are recommended.

Posted in Link Love, Save Money | Tagged frugal, gas money, get rich slowly, money, motorcycles, Save Money, scooters | Leave a response

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