Ask anyone what the important rules of money are, and likely they’ll be able to give you several maxims that at least sound like they are good advice. Unfortunately, many people are walking around following rules that really don’t apply anymore — if they ever did. The subject of personal finance seems to attract old [...]
We should do nothing, absolutely nothing. Don’t get me wrong, as the day we become debt free is an important point in our lives. Having no debt payments will also drastically increase our cash flow, but we really shouldn’t wait until the day we are debt free to act. Becoming debt free doesn’t happen overnight, [...]
I placed 2nd in a golf tournament and I received the trophy today. I was so excited because I never won anything other than getting certificates and ribbons before so it made me really happy to say the least. My credit card balance, my next paycheck, the stock market tumbling all didn’t matter seem to [...]
Many of us recommend low cost index funds for the individual investor. Some of the articles provide a good argument, while some don’t even give a reason at all. This article illustrates what happened with one of my reader’s investment portfolio so we can judge for ourselves whether low cost index funds are for us. [...]
Teaching your children where money comes from is important for a few reasons. First, keep in mind that if you don’t teach them these skills, nobody will. Do you really want them to learn about money in the school of hard knocks? I didn’t think so. Next, when you teach your children these skills, you’re learning [...]
Let’s try a little experiment. Make a list of all the words you can think of that begin with the letter R. Now, come up with a list of all the words you can think of that have R as the third letter in the word. Based on your lists, which is more common — [...]
