As another year ends, there are a few tasks we should all consider completing. Some of the tasks have penalties assessed if they are not completed on time and others just lead to a lost opportunity if the deadline is missed. I missed a big opportunity the year I retired when I didn’t realize my … Read more
When I discuss living on half of one’s income, I’m almost always met with, “that would be impossible for me.” They say it as if it were a fact, that some outside source is preventing them from living on significantly less than they make. This outside source is somehow keeping them from saving a good … Read more
Professionals who realize something is wrong with their finances, but can’t pin down the problem, often contact me. Although they make a very good income, they are not accumulating wealth as rapidly as they feel they should. Or they feel at their current trajectory, they will not have enough savings to retire in the manner … Read more
(Today’s guest post comes to us from Emma Jones, whose father was a physician and knows first-hand the importance of busy professionals dealing with debt and has a keen understanding of effective strategies for debt elimination. Her expertise in personal finance has empowered countless individuals to regain control of their financial futures.) Looking at my … Read more
I frequently hear people debating whether to pay off a home mortgage, which usually has a relatively low interest rate, or invest the money. Often the misguided answers to this question stem from only looking at the interest rate for the decision, as if it were the only valid variable. The following are the mistaken … Read more
Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did. This week’s favorites include why that mansion next door is ruining your life, what is it like to have “more than enough,” nine retirement myths, how buffers … Read more
(I have had many requests for places to store cash, such as your emergency fund, that would provide a decent interest rate. With recent interest rates so low, our cash has been sitting idle for years. Now that interest rate have begun to rise, there are institutions paying decent interest for cash savings accounts. I … Read more
Much of the financial blogosphere perpetuates the mistaken notion that it is never acceptable to buy a brand new car. They say all car purchases need to be used cars that are at least 2-3 years old. They are operating under the misguided notion that people should do everything the cheapest way possible. Can you … Read more
Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did. This week’s favorites include 25 ways to show your spouse respect, contract red flags, what doctors should know about emergency funds, debunking seven myths overheard in the … Read more
Each week I run into a few articles that I feel are especially valuable. Every Monday I would like to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include where your wealth is slipping away, yes you need a secret savings account, proof that even … Read more