“Nothing in the world is worth having or worth doing unless it means effort, pain, difficulty… I have never in my life envied a human being who led an easy life. I have envied a great many people who led difficult lives and led them well.” Teddy Roosevelt For a lot of you, life can be an uphill battle. Unemployment is something like 36% among millennials, nobody seems to … [Read more...] about Three Stories Of People Who Beat The Odds
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
A few weeks back, I took some of the holiday gift money I'd received and put it into small business bonds. I did this via a neat, if not somewhat risky fintech I'd discovered last year. Well, it seems like the bonds are starting to get processed and issued. I just received this in my email today: Even though its electronic, its nice to get the actual bond … [Read more...] about I Love Fintech, or Small Business Bonds For The Win
So, I wanted to update you all on what's been going on with my personal finances. Last month my truck died on the way to a hunting trip - it needed a new engine. The repairs ended up costing around $4,200. I ended up selling some of my gold and silver to cover the bill. When I was figuring out how to pay for the cost, I was kicking myself for not having an emergency … [Read more...] about James’ December Wealth Update
Most of us tip at restaurants and hair dressers. We tip Uber and taxi drivers. We leave a tip for the housekeeper when we stay at a hotel. When you tip people, you are showing the workers that you appreciate the job that they are doing. However, what about other service providers you may not use as frequently? For instance, if you have your own house, you may have used the … [Read more...] about Do You Tip House Painters?
Its past new years and before tax season. That means a lot of people are thinking about how to allocate their money for retirement. You may also be considering how to build up your own nest egg. But, what is a nest egg and how do you build one? Here is a handy definition and some rules of thumb. … [Read more...] about What Is A Nest Egg and How Do You Build One?
Mainstream media has been continually talking about an impending recession. Given the fact that recessions tend to have a huge impact on your wealth, you may be wondering about whether a recession is coming - and one bellweather of poor economic times are bank failures. … [Read more...] about Are We In A Recession Yet? Bank Failures Say No
It’s a no-brainer that some degree of education is necessary to get ahead these days, so I’m including a list of my top personal finance books worth reading. The list only has 5, but all of them can help you transform your relationship with money. … [Read more...] about Top Personal Finance Books Worth Reading
Last month, we wrote about Eric Tyson's simple tips for improving your personal finance. Today, I wanted to follow up with a few more useful suggestions by Tyson. The idea here is to give you some basic personal finance principles that you can apply to your own wealth. … [Read more...] about More Solid Advice From Eric Tyson
PT Barnum wrote the following back in the 1850's: "Mr. Beecher advised young men to get in debt if they could to a small amount in the purchase of land, in the country districts. 'If a young man,' he says, 'will only get in debt for some land and then get married, these two things will keep him straight, or nothing will.' This may be safe to a limited extent, but getting in … [Read more...] about PT Barnum on Debt, Family and Credit