noun, plural mon·eys, mon·ies [muhn-eez].
Persons or interests possessing or controlling great wealth
noun, verb or adjective.
One that is unconventional or rebellious
In the movies, books, and popular culture an outlaw is someone that lives a very unconventional life, values personal freedom, and is seeking money to finance it all. The last thing an outlaw would do is get a 9-5 job and live a traditional life and all that comes with it. Honestly can you see a scenario where Butch Cassidy and The Sundance Kid hang up their spurs and start working at the local general store. Because of this lifestyle choice, outlaws typically live outside the bounds of normal society, but on their terms. Think of characters like Robin Hood who lived outside the grasp of the Sheriff on his own terms.
The Money Outlaw lives a similar unconventional life outside of the conventions of mainstream traditional society with a dash of good-natured roguishness tossed in for flavor. The Money Outlaw is unconventional, occasionally rebellious, and is good at acquiring, growing, and controling wealth. They build a life consisting of both wealth and freedom that most others will not choose, typically out of fear of the unknown…
If you are new to the blog I would recommend you start with my foundational post on the Money Outlaw Philosophy and explore from there.
Most Current Posts
90% of the American public has little to no net worth. Are you one of them? Knowing and being able to accurately calculate your net worth is the first step to financial independence. Using a personal balance sheet to calculate and track your net worth is one of the best financial tools you can have. However you need to know HOW to calculate it and HOW to set up a personal balance sheet. Read on to find out the answer to both.
I have met people that don’t even balance their checking account each month. If you don’t keep good financial records, your ability to manage your finances, business, or wealth-building efforts will be nearly impossible. The tool that companies use is financial statements developed by modern accounting. If this works for a business, why wouldn’t it work for an individual?
Are you an active or a passive investor? There are fundamental differences between them. One can generate outsized investment returns but put in more work, and the other often generates lower returns and has little ability to control this outcome. If you want to see which one you are and what it takes to change from one to the other, or better yet, utilize the best elements of both approaches, read on.
About The Money Outlaw
The Money Outlaw is about pursuing an active and prosperous financial life where you control your own destiny, pursue your passions, build, create, and live a better life. We accomplish these lofty ideals with entrepreneurship, alternative investing, and understanding how economic, tax, and legal systems work.
The site is called the Money Outlaw because much like the legend of Robin Hood who was branded an outlaw and lived life on the outside of ordinary society but was free to live on his own terms. That is what you will learn here. How to live on the outside of where so many others live. You can live a life with more wealth and freedom on your terms.
You will need to have an open mind and think about careers, jobs, life, investing, and the world around you in new ways. See what others miss. Think and live differently!
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