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David’s Note: Today’s guest post is written in a different tone than what you are used to from MoneyNing. Let us know what you think in the comments section!
Though he’d been a bankrupt cotton farmer before WWII, by 1975 many people considered H. L. Hunt to be the world’s wealthiest man. When someone asked him the key to his success, he said, “Son, only two things ya gotta decide in life – whatcha want, and watcha willing to pay to git it. An’ the most important one is the first one.”
Indeed. What we’re “willing to pay” means the work required (or its equivalent) to achieve what we want. But what we want—truly want—is the most important thing, and that is a reflection of our values, who and what we are inside, at the core of our being. Satisfying those values is the key to happiness and security. Synchronizing your goals to your values brings great personal power to the decisions you make in life. Chasing other goals can eat up huge amounts of effort, time, emotion, and money for things that will never bring lasting gratification. [ continue reading… ]
Tickets to an official NFL, NBA, MLB, or NHL game can easily cost $100 or more, and that cost is for the bad seats. Right now, good Broncos tickets will set you back nearly $400 per seat. I don’t know about you, but I don’t think that taking a family of four to a game should require a loan. Fortunately, there are many ways to get good seats without applying for a mortgage. Here are a few ways to save. [ continue reading… ]
Spring is nearly here! In addition to warmer weather, the return of baseball, and gardens blooming, the changing of the seasons will also bring you several opportunities to teach your kids about money. It’s never too early (or late!) to put your kids on the road to lifelong financially savvy decisions, so as you get ready for the end of winter, think about activities you can share with your kids that will teach them about money, as well as give you some fun family time. Here are three examples to get you started. [ continue reading… ]
I’ll go ahead and admit it: Generally immune to brands, I drive a BMW. A 10-year-old model, and it’s the entry-level 325, but still, it’s a luxury brand with a luxury sticker price. I almost can’t help it (or can I?) – the Silicon Valley is filled with luxury cars, mostly German brands such as BMW, Mercedes and Audi. It’s almost the norm here, and my car certainly doesn’t stand out on the road. If anything, it stands out because it’s old. Most people replace their car every 3 years over here.
A few months ago, we went on a trip to Central California. Driving outside the Silicon Valley was a real eye-opener. My BMW seemed almost silly, out of place. No one was driving luxury cars and most people around us were driving American vehicles. [ continue reading… ]
There are plenty of people who swear that, someday, when they have enough money, they’re going to quit their job and start up their own business. Some of these people actually succeed, but a lot just never seem to have enough money to make the transition — they don’t even know how much they need.
Around this time of year, some myths about paying taxes tend to circulate. These myths are different from the difficulties that might come with trying to figure out which deductions and credits you are eligible (and which are still available for you to take). The following three myths about paying taxes can mean serious problems with the IRS, but remember, these aren’t the truth: [ continue reading… ]
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