How To Make Better Money Trade-offs

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“There are no solutions; there are only trade-offs.” Thomas Sowell There are money tradeoffs in most aspects of our lives. We have many choices and cannot do everything we want to do. For every choice we make, opportunity costs require … Read More

Working On The Street: Wall Street Jargon Explained

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I worked on the street. It’s true! For years, I told my college students and colleagues what I had done for a living before I taught business courses. They would exclaim, “Wow! I never knew anyone who did that!” or … Read More

5 Budgeting Methods To Boost Financial Discipline

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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

9 Ways To Avoid Financial Infidelity

happy couple

The US divorce rate among young people under 30 has been dropping to below 50% since the early 1990s. However, that may be deceiving. Millennial couples are marrying later and arming themselves with prenuptial agreements. According to a sociology professor … Read More

Benefits of Dividend Growth Investing

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“Do you know the only thing that gives me pleasure? It’s to see my dividends coming in.” John D. Rockefeller Dividend investing is a way of buying stocks that pay regular dividends on your investments. Those dividends represent a portion … Read More

10 Tips To Diversify Your Investment Portfolio

investment-portfolio

“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”  Robert G. Allen When you have some savings, it is good to invest and allocate your money to work. Most importantly, … Read More

How Our Emotions May Lead To Irrational Money Decisions

emotions-and-money

“People do not buy goods and services. They buy relations, stories, and magic.” Seth Godin As consumers, emotions drive our decisions. Neuroscientists tell us that we make our decisions emotionally and intuitively nearly 95% of the time. The forces of … Read More

Coronavirus: Protect Your Finances And Your Future

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“When we are no longer able to change a situation, we are challenged to change ourselves.” Viktor E. Frankl, Man’s Search For Meaning Our values are tested during a crisis. We have learned that we need to make certain changes … Read More