Yahoo finance used to be a powerhouse of great personal articles and videos. Their quality has declined as of late, but there are still some gems to be had if you're digging through the archives. Here is a quick video I like by Farnoosh Torabi. In it she details some of the habits of people making more than $150,000 annually with $3.2 million in investable assets. … [Read more...] about Daily Habits of Wealthy People
Because Costco buys in bulk and then sells their products in smaller bulk sizes for members, the prices are low, often much cheaper than you could find other places. Undoubtedly, a Costco membership can save families a lot of money. But can it also save singles and couples money? Is a Costco membership worth it for couples? … [Read more...] about Is a Costco Membership Worth It for Couples?
My grandma grew up during the Great Depression. However, she was largely insulated from the economic effects because she lived with her wealthy aunts. Then, she married my grandpa, who came from a large family without a lot of money. My grandpa joked that he had to teach her everything about money, but she was a good student. By the time I was born, she had been frugal and … [Read more...] about Financial Advice from My Grandma
Here is a pro tip for you: tracking your finances works. This is because what gets measured, gets managed. If you want to improve your investing returns, track how your investments are doing. If you want to reduce your debts, write down how much you owe and track it. If you want to improve your income, track your income. This also works for the non-monetary … [Read more...] about Tip Of The Day: Track Your Finances
"Mom, can I have $20 bucks to go to the movies and get some snacks?” Kids are notorious moochers. Why work hard and learn to budget when some kids just ask their parents for money? As a grown-up DINK, you probably thought the days of borrowing money were behind you. After all, you’re self-sufficient now, and you don’t have kids to ask you for money repeatedly. However, some … [Read more...] about How to Deal with a Spouse Who Keeps Borrowing Money
Like a lot of you, I'm full time employed, but I'm still cash constrained. So, I've been looking for ways to that are truly passive to supplement my income. Therefore, by way of a personal update, here are some things I've been working on: First, selling my personal data to build up some passive income. I signed up for Nielsen Opinion Rewards and a company called … [Read more...] about Money Moves Monday
Its Sunday - so it's time for a round up. Here are a couple of articles that struck me this week, and so here is our Sunday Round Up. If you're not familiar Nick Maggiulli's blog, Of Dollars And Data it is well worth a read. His latest is "Go Big, then Stop". Basically - early investments in a savings plan or nest egg have a far greater impact than later investments due … [Read more...] about Dinks Sunday Round Up
Do you have life insurance? Many adults only buy it after they have kids so the kids will be supported if a parent passes. However, buying life insurance is a responsible decision for each partner in a relationship, even if they don’t have kids. Once you decide to buy life insurance, you will need to choose if you should buy decreasing or level term life insurance. … [Read more...] about Should You Buy Decreasing or Level Term Life Insurance?
I came across this story this morning and wanted to share it here on dinks. According to data from the Federal Reserve, Millennials are significantly poorer than Generation X or Baby Boomers at this point in their lives. At their current age Millennials control about 3% of the nation's wealth. At this age, Generation X controlled 6-7% and Baby Boomers controlled controlled … [Read more...] about Millennials Are Significantly Poorer Than The Prior Two Generations
Religion is one of those topics that's unexplored when it comes to personal finance. If you surf the web, you won't find much discussion of it. If you read the Wall Street Journal or Investors Business Daily, you hardly see a mention of religion at all. This is a shame. If you look at it, religion has played a defining role in much of human history. For example, religion was … [Read more...] about Why Episcopalians and Jewish People are Richer