Do you define yourself by what you have or what you do professionally? Is that where you get your self-worth? Deep down…I think we all do a little bit. Is that your definition of success too? I know I do it too much. It’s really a shame because when we do this, we rob ourselves […]
Your Personal Budget Plan Just Got a Whole Lot Easier
How much do you think you spend each month on your personal budget plan ? Take a guess. (We’ll need to refer back to your number later, so please write it down. Thanks.) You know what? Most people underestimate their monthly budget by 30%. Can you see how dangerous that mistake can be? Let me […]
Boost Your Retirement Income by 23% by Avoiding these Investment Mistakes
You might be walking away from a huge chunk of your retirement income for no good reason. You don’t need to make the best retirement investments, you just have to avoid the worst. Over the course of a 35-year career, the typical 401k member losses 23% of his or her retirement funds because s/he makes […]
Why You Should Worry about Very Rich People
I’m concerned about very rich people, and you should be as well. Sure they know how to retire rich and live rich. But Forbes magazine recently reported that the 400 richest people in America lost $300 billion dollars over the last 12 months. Here’s why this is important for you and me. Even though these […]
Why I’m Investing in Index Funds
The following is a guest post by my friend and colleague Mike from the Oblivious Investor. Mike is a staunch advocate of passive investing in index funds. In response to my article last week, “ETF Investments,” Mike has been kind enough to make an opposing argument. Once you read Mike’s post, make sure to visit […]
Couples Fighting about Money. Is It Your Fault?
If you fight about money, how do you know who is to blame? And how do you know who needs to get their act together? Earlier this week, I asked your advice for a couple that had different views on frugality and couldn’t stop fighting about money. Jim was making Deb’s life unbearable because of […]