It's commencement time again and I'd like to write a short letter to all those recent college grads with big hopes and dreams and twinkles in their eyes for a bright future. In fact, I was you... almost two years ago already (wow time flies). Unsure of what the future would bring, but eager to start a...
Financial planning isn't difficult, at least on paper. The tough part is starring into the openness of your life, the choices, the options, and deciding what you want badly enough to sacrifice for, then following through each and every day. Without a big why, and understanding the importance of personal finance one will struggle, so why not...
The topic of money doesn't come up that much, being a social taboo and all, but when you have to explain your spending habits as a frugal consumer it can create a few odd looks and perhaps a judgment by your peers as being cheap. Being frugal it's safe to say that, you're in the minority... Most people...
No... I'm not trying to pick you up,
Yes, I would like to know your number... your goal net worth number that is...
What's YOUR Number?
In a fairly recent series of ING commercials, individuals walk around town carrying their "numbers." Their number is the retirement amount that they require to live the life they want during said retirement. ...
Have you ever had a love hate relationship? It may be with a person, an object, or perhaps a job... but what about the time value of money? Perhaps I'm a bit odd, but the time value of money and I have a unique relationship in which sometimes I love it... and sometimes I hate its guts,...
If you haven't invested in a Roth IRA yet, you should do it. I know this sounds a bit obvious, but a lot of people have problems doing one thing, just jumping in! Of course, only jump in, if you have a large enough emergency fund in place and have some extra money to invest. I...
A personal finance quote ingrained in the American psyche (or at least in mine) was coined (pun intended) by the great Benjamin Franklin. Franklin noted that “A penny saved is a penny earned.” Franklin was smart in realizing the distinct difference, but there might even be more value in a penny saved than just one penny. ...
Personal finnace is pretty darn simple. Spend less than you make, save, and don't buy stuff you can't afford. For some reason people can't follow one of the most simple to follow concepts out there, which is why it's perfect for a Saturday Night Live Skit!
Watch the video to learn all you need to know about saving...
Last night I watched a documentary about credit cards and debt that was produced in 2005 known as "In debt we trust." The documentary was free to watch on hulu and spent about an hour and a half discussing what credit cards were, the corruption of the system, and the problems we face with debt as a nation....
One of the first investing/business books that truly influenced me (I was in middle school at this point) was Robert Allen's Multiple Streams of Income. Robert Allen is a huge proponent of aggressively building wealth through business creation, real estate investing, and utilizing the power of the internet. Although many have mixed emotions about Robert's teachings I've...
