Being Childfree allows you the time, money, and freedom to achieve your dreams. The challenge is that most of what you read on finance assumes you have children (even if they are not with you right now). To get a better understanding of what it is like to live a life of Childfree Wealth, I interviewed 26 Childfree Individuals and Couples for my new book, … [Read more...] about What does it mean to live a life of “Childfree Wealth”?
Wealth
How I Planned to Discuss End of Life Planning with My Parent
Recently, I drove 2,000 miles from my home to my 72-year-old mother’s home. I hadn’t seen her for two years, so I was excited to visit. However, I also had another motive in mind. While visiting, I wanted to discuss end-of-life planning with her. Imagine my surprise when she was the one who initiated the discussion with me! … [Read more...] about How I Planned to Discuss End of Life Planning with My Parent
5 Issues that Financial Therapies for Couples Can Help Fix
You may think you have a healthy outlook on life and don’t have baggage. . .until you get married or move in with someone. When you’re single, you can manage your life in the way that works best for you. When you’re part of an established relationship, you must compromise and negotiate on different issues. This can be challenging, especially if your partner comes from a … [Read more...] about 5 Issues that Financial Therapies for Couples Can Help Fix
Die with Zero: One Little Book That Changed My Perspective on Money
A few decades ago, I read Your Money or Your Life by Vicki Robin and Joe Dominguez. It changed the way I thought about spending money, especially the formula that looked at hours worked in relation to the price of something that you buy. For instance, if you’re going to buy a meal out, that may equate to one or two hours of work, especially if you’re young and just starting … [Read more...] about Die with Zero: One Little Book That Changed My Perspective on Money
7 Tips for Couples to Effectively Grow Wealth Together
The media loves to point out that one major cause of divorce is financial disagreements. Maybe the media talks about that so much because every marriage in the United States has a 40 to 50% chance of ending in divorce. That’s enough to make you consider not getting married! However, consider the flip side of this that’s never mentioned in the media—couples who effectively grow … [Read more...] about 7 Tips for Couples to Effectively Grow Wealth Together
Start 2022 With a Random Giving Fund
If you’re like many people, you may make an effort in December to donate. Maybe you buy a toy for a child in need or contribute a few coins or dollars to the Salvation Army pot outside the grocery store. However, if you are in a good financial situation, why not consider starting 2022 with a random giving fund to make giving part of your life all year long? … [Read more...] about Start 2022 With a Random Giving Fund
How to Turn $1,000 Into $10,000
When I was 20, I had worked at a community college as an English tutor for two years. When I quit the job to transfer to a university several hours away, I was given the choice of cashing out my retirement or rolling it over. I didn’t know much about finances, and I was broke, so I took the cash out. Even though my retirement account was only about $400, I sometimes wonder how … [Read more...] about How to Turn $1,000 Into $10,000
Millennials Are Significantly Poorer Than The Prior Two Generations
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
Why Episcopalians and Jewish People are Richer
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
Eight Reasons Why Its Hard To Get Rich
Have ever wondered why it's so hard to get rich? In America, we love and worship rich people. Guys like Warren Buffet and Elon Musk are celebrated personalities. We also value and appreciate the actions of people like Richard Branson or Oprah Winfrey. So, if being rich is so awesome, why aren't more people wealthy? Consider the numbers. There are about 128 million households … [Read more...] about Eight Reasons Why Its Hard To Get Rich
