Ask anyone what the important rules of money are and they’ll likely be able to give you several maxims that at least sound like good advice. Unfortunately, many people are walking around following rules that really don’t apply anymore. The subject of personal finance seems to attract old wives’ tales that masquerade as solid advice. […]
Last month I confessed to an addictive behavior: recreational shopping. I actually wasn’t sure if I could classify it as a full-fledged addiction. Then David commented, “I’m glad Vered got out of her ritual of checking the same website for new arrivals daily, but make no mistake, addiction was the perfect word to describe that […]
Hobbies, by definition, are something we do for enjoyment. They aren’t activities that we absolutely have to do. That means that in a purely financial sense, spending any money on hobbies — especially when you have other financial concerns like paying for food and shelter — is wrong. The reality of the situation, though, is […]
You read blogs like this to find the best ways to manage your money. Your intentions are terrific because saving money is something you know you need to do. But as much as you read about it, you haven’t fully committed to a vision that will make it happen. You’re sabotaging yourself. “What do you […]
I’ve been getting a lot of flack for how much I spend lately. I’ve been told I spend too much on a cause I’m involved with. I’ve been told I spend too much on going to the spa. I’ve been told I spend too much on travel. It’s true that I like spending money, but […]
Let’s break these rich factors down.
