July 2016 - The Outlier Model | The Outlier Model

5 Legitimate Ways to Get Richer

get rich tips, ways to get rich, financial advice

Chonce Maddox / July 20th, 2016 / No Comments

Contrary to popular belief, it’s not extremely difficult to get rich without winning the lottery or falling into a large lump sum of cash. There are much more realistic ways to get rich over time. It ultimately comes down to keeping more money in your pocket and managing it correctly. These may not be ‘get rich quick’ strategies, but here are 5 legitimate ways to get richer over time. 1....

Posted in: Uncategorized Tagged with: build wealth, get richer, invest

How to Save Money by Adopting a Simpler Lifestyle

simple lifestyle saves money, saving money by having a simple lifestyle, simpler lifestyle

Chonce Maddox / July 13th, 2016 / 1 Comment

Being able to save money is essential if you want to improve your financial situation. Have money saved up allows you a certain type of freedom that can feel very satisfying. I realize it’s easy for me to tell you to save more money, but I thought it would be more beneficial to actually explain how to do it especially if you already feel like you don’t have much to go around. Trust me when...

Posted in: Uncategorized Tagged with: embrace minimalism, save money, simplify your lifestyle

Should You Invest or Pay Down Debt? 5 Questions to Ask Yourself

investment tips, pay down debt, debt tips

Chonce Maddox / July 7th, 2016 / No Comments

The age old question. Paying off debt and investing are both super important and crucial to do if you ever want to improve your finances. But which one is more important? And which should you prioritize? The answer to this question truly depends on a variety of factors including your current situation and your future goals. While I can’t tell you exactly which option to prioritize at this time...

Posted in: Uncategorized Tagged with: 401k, debt, debt freedom, invest or pay down debt, investing, retirement