Or What’s Between Your Ears? Have you ever taken the time to look at your personal financial situation (good, bad, or in-between) and compare it to what is going on inside your own head? Seriously, like it or not, you may in fact be engaged in some sort of self-sabotage and not even be aware [...]
Emergency funds are as individual as their owners. Consequently, there is no one-size-fits-all. The only critical feature of an emergency fund is that it meets your needs. Most emergency funds are created to deal with job loss or illness. Others might see the role of an emergency fund through the lens of a natural disaster [...]
Chances are you have run across a variety of sources proclaiming that the answer to your personal finance challenges are about doing this or doing that. You know what I’m talking about; buy this book, take this seminar, enroll in my 7 Step program, that sort of thing. Yet, what if it’s not really that [...]
The average individual does not have an Ebenezer Scrooge mentality, meaning money is a weak motivator for most of us. Now the trappings of money, nice home, fancy car, designer clothes, are stronger motivating factors for some, but let’s be honest—that is so shallow! In my view, this is why so many of us fail [...]
If you believe for one second that rich people don’t think differently, I challenge you to name for me just one multi-million dollar the list from 20 years ago that isn’t dead broke. Simply having a fortune fall into your lap does not guarantee continued wealth for you or your progeny. Contrast multi-million dollar lottery [...]
You most likely have at least noticed the back and forth debates on the federal budget. One common theme that kept showing up was plugging the holes in the budget. Well guess what, plugging the holes in your own personal finances can have a much more profound effect. Consider that it makes no cents (pun [...]
The bad news just keeps on coming! Recently, we learned that economic growth for 2014’s first quarter is in negative territory—negative 2.9% to be exact. Then we are confronted by the alarming fact that 1 of every 2 recent college grads is receiving necessary financial support from parents, even though fully half of this 50% [...]
This post is part of our Your Financial Relationships series. This series is designed to help you discover the financial topics you should discuss with your significant other in order to have a financially healthy relationship. Today, we’ll be looking at whether you and your significant other should set spending limits.