How manage income versus spending to have more money.
Lifestyle inflation happens when our income rises, we increase our spending. Like a balloon that gets larger, we tend to spend our expanding pocketful of extra dollars. When we get our first job after college, we begin to earn money, … Read More
“Once you get into debt, it’s hell to get out. Don’t let credit card debt carry over. You can’t get ahead paying eighteen percent.” Charlie Munger, Vice-Chairman, Berkshire Hathaway For me, credit cards have always been a double-edged sword, … Read More
Our financial lives depend on our creditworthiness. When we go for a loan, lenders review our credit report and our FICO credit scores to determine our annual percentage rate (APR). Generally, the higher our score on a 300-850 score, the … Read More
“Price is what you pay; value is what you get.” Warren Buffett I bristled when they called me a cheapskate when I was a young kid. It cast a dark shadow over me. We lived in a modest neighborhood in … Read More
We revisit ancient views of money on the ten commandments of personal finance from timeworn texts and stories. Surveying these words adds a different perspective on finances whether you are celebrating the upcoming holidays or not. There is a common … Read More
I wanna be a billionaire so f**king bad Buy all of the things I never had Uh, I wanna be on the cover of Forbes magazine Smiling next to Oprah and the Queen. Billionaire, Lyrics By Travie McCoy … Read More
“Liquidity is a good proxy for relative net worth. You can’t lie about cash, stocks, and bond values. Mark Cuban Liquid net worth matters. Understanding your net worth and how to calculate it is hugely important for measuring your financial … Read More
Do you really need a credit card? Most people believe so. I have had a love-hate relationship with credit cards, admittedly using cash and alternatives more often than most people I know. Credit cards can be a valuable tool, allowing … Read More
I have to admit that I am hostile to the term, “Budget.” The word signifies limitations as if I will have to change my lifestyle. Before I prepared a budget, I felt anxious about doing one. Only one out of … Read More
Have you wanted to manage your money better but didn’t know how to start? I know that I can do better for us, especially our kids, so they learn good habits. I know I am not alone. Ultimately, our goal … Read More
“From hidden debt to secret expenditures, lying about finances can cause a marriage to go into default.” Kimberly Foss, CFP The US divorce rate among young people under 30 years has been dropping to below 50% since the early … Read More